How Cullen/Frost Bankers (CFR) Makes Money: A Visual Guide

Cullen/Frost Bankers (CFR) generated $2.92B in revenue (TTM through Q4 2025), earning $648.56M in net profit (22.2% margin). Its largest revenue source is Bank (90.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Cullen/Frost Bankers (CFR) Income Statement Flow

Frequently asked questions

How does Cullen/Frost Bankers (CFR) make money?

Cullen/Frost Bankers (CFR) primarily makes money through Bank, which accounts for 90.7% of total revenue. For TTM through Q4 2025, Cullen/Frost Bankers generated $2.92B in total revenue with a net profit margin of 22.2%.

What is Cullen/Frost Bankers (CFR) gross profit margin?

Cullen/Frost Bankers (CFR) reported a gross profit margin of 75% for TTM through Q4 2025, equivalent to $2.19B in gross profit. This means Cullen/Frost Bankers retains 75% of each revenue unit after direct costs of production.

What is Cullen/Frost Bankers (CFR) operating profit margin?

Cullen/Frost Bankers (CFR) reported an operating profit margin of 26.4% for TTM through Q4 2025, equivalent to $771.70M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Cullen/Frost Bankers (CFR) net profit margin?

Cullen/Frost Bankers (CFR) reported a net profit margin of 22.2% for TTM through Q4 2025, equivalent to $648.56M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Cullen/Frost Bankers (CFR) spend on capital expenditures?

Cullen/Frost Bankers (CFR) spent $42.52M on capital expenditures in TTM through Q4 2025 (1.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Cullen/Frost Bankers (CFR) free cash flow?

Cullen/Frost Bankers (CFR) generated $231.46M in free cash flow for TTM through Q4 2025 (7.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Cullen/Frost Bankers (CFR) effective tax rate?

Cullen/Frost Bankers (CFR) had an effective tax rate of 16% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.