Cullen/Frost BankersXTER:CFZ +0.76%20 FCF Margin % is 34.57% as of Mar. 2026, which is 2% below its 10-year median of 35.34. GuruFocus rates XTER:CFZ with a GF Score™ of 20/100 and a GF Value™ of €119.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,505 Banks companies, Cullen/Frost Bankers ranks better than 55.15% on this metric.
The historical rank and industry rank for Cullen/Frost Bankers's FCF Margin % or its related term are showing as below:
XTER:CFZ'
s FCF Margin % Range Over the Past 10 Years
Min: 5.7 Med: 35.34 Max: 42.46
Current: 29.21
During the past 13 years, the highest FCF Margin % of Cullen/Frost Bankers was 42.46%. The lowest was 5.70%. And the median was 35.34%.
XTER:CFZ's FCF Margin % is ranked better than 55.15% of 1505
companies
in the Banks industry
Industry Median: 26.42
vs XTER:CFZ: 29.21
Cullen/Frost Bankers FCF Margin % Related Terms
Cullen/Frost Bankers FCF Margin % Historical Data
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The historical data trend for Cullen/Frost Bankers's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Cullen/Frost Bankers's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cullen/Frost Bankers FCF Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Cullen/Frost Bankers's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Cullen/Frost Bankers's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cullen/Frost Bankers (XTER:CFZ) has a FCF Margin % of 34.57% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Cullen/Frost Bankers and its competitors. This is near median its historical median of 35.34. Over the past decade, Cullen/Frost Bankers' FCF Margin % has ranged from 5.70 to 42.46. According to the industry distribution chart, Cullen/Frost Bankers ranks #675 out of 1505 companies in the Banks industry, placing it in the top 44.9%.
Is Cullen/Frost Bankers' FCF Margin % too high?
Cullen/Frost Bankers' current FCF Margin % of 34.57% is near median its 10-year median of 35.34. Over the past 10 years, this metric has ranged from a low of 5.70 to a high of 42.46. The Banks industry median FCF Margin % is 26.42. Cullen/Frost Bankers' value of 34.57% is 30.8% above this industry median. Based on the distribution chart, Cullen/Frost Bankers ranks #675 out of 1505 companies in the Banks industry, which is above the industry midpoint. Overall, Cullen/Frost Bankers has a GF Score™ of 20/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cullen/Frost Bankers' FCF Margin % compare to ?
According to the Banks industry distribution chart, Cullen/Frost Bankers ranks #675 out of 1505 companies for FCF Margin %. This puts Cullen/Frost Bankers in the upper half of its industry. The industry median FCF Margin % is 26.42. Cullen/Frost Bankers' value of 34.57% is 30.8% above this benchmark. Historically, Cullen/Frost Bankers' own FCF Margin % has ranged from 5.70 to 42.46 over the past decade. While the company's 10-year median is 35.34 vs. the industry median of 26.42, Cullen/Frost Bankers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Banks company?
The median FCF Margin % among Banks companies is 26.42, based on 1,505 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cullen/Frost Bankers's current FCF Margin % of 34.57% is 30.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Cullen/Frost Bankers and its competitors. For the Banks industry, the median FCF Margin % is 26.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cullen/Frost Bankers's current FCF Margin % is 34.57%, which is near median its own 10-year median of 35.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cullen/Frost Bankers stock overvalued right now?
Based on GuruFocus' analysis, Cullen/Frost Bankers (XTER:CFZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €119.85, compared to a current price of €133.00 — trading 11% above its estimated fair value. The current FCF Margin % is 34.57%, which is near median its 10-year median of 35.34 and 30.8% above the Banks industry median of 26.42. Cullen/Frost Bankers' overall GF Score™ is 20/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Cullen/Frost Bankers (XTER:CFZ), the current FCF Margin % is 34.57% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cullen/Frost Bankers (XTER:CFZ) Overvalued in 2026?
Based on GuruFocus' analysis, Cullen/Frost Bankers stock appears to be overvalued.
The current stock price of €133.00 is trading 11% above its estimated GF Value™ of €119.85.
GuruFocus considers Cullen/Frost Bankers to be Modestly Overvalued.
Key valuation signals for XTER:CFZ:
FCF Margin %: 34.57% (near median its 10-year median of 35.34)
GF Value™: €119.85 vs. price of €133.00 (11% above fair value)
Industry Position: 30.8% above the Banks median (#675 of 1505)
No single metric tells the full story. See the XTER:CFZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cullen/Frost is a regional US bank with around $52 billion in assets (as of March 2026), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based banking approach that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through targeted branch openings rather than acquisitions. The bank's sweet spot is small to medium-sized Texas-based commercial clients.
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