What is First Financial's operating margin?

Latest reported operating margin for First Financial (THFF) is 27.77% as of the trailing twelve months (TTM) ending March 31, 2026.

How has First Financial operating margin changed year-over-year?

First Financial (THFF) operating margin changed +11.9 percentage points year-over-year on the latest annual filing.

When did First Financial operating margin hit its highest annual value?

First Financial operating margin reached its highest annual value of 38.15% in 2022.

What was First Financial operating margin in 2024?

First Financial (THFF) operating margin in 2024 was 18.59%.

What was First Financial operating margin in 2025?

First Financial (THFF) operating margin in 2025 was 30.44%.

First Financial (THFF) Operating Margin

TTM

27.8%

YoY change

+11.85pp

Trough year (1991)

13.8%

Peak year (2022)

38.2%

Operating Margin history chart for First Financial (THFF) from 1991 to 2025

Latest: 30.4%

Operating Margin change chart for First Financial (THFF) from 1991 to 2025

Latest: +11.85pp

Operating Margin history table for First Financial (THFF) from 1991 to 2025


2025	30.4%	+11.85pp	Dec 31, 2025	Mar 4, 2026
2024	18.6%	-8.15pp	Dec 31, 2024	Mar 5, 2025
2023	26.7%	-11.41pp	Dec 31, 2023	Mar 11, 2024
2022	38.2%	+4.38pp	Dec 31, 2022	Mar 8, 2023
2021	33.8%	+1.48pp	Dec 31, 2021	Mar 9, 2022
2020	32.3%	-0.23pp	Dec 31, 2020	Mar 11, 2021
2019	32.5%	-2.59pp	Dec 31, 2019	Mar 6, 2020
2018	35.1%	+1.97pp	Dec 31, 2018	Mar 6, 2019
2017	33.1%	-4.16pp	Dec 31, 2017	Mar 7, 2018
2016	37.3%	+9.84pp	Dec 31, 2016	Mar 9, 2017
2015	27.5%	-3.66pp	Dec 31, 2015	Mar 9, 2016
2014	31.1%	+2.20pp	Dec 31, 2014	Mar 6, 2015
2013	28.9%	+0.10pp	Dec 31, 2013	Mar 14, 2014
2012	28.8%	-5.66pp	Dec 31, 2012	Mar 15, 2013
2011	34.5%	+8.38pp	Dec 31, 2011	Mar 15, 2012
2010	26.1%	+7.80pp	Dec 31, 2010	Mar 15, 2011
2009	18.3%	-1.39pp	Dec 31, 2009	Mar 16, 2010
2008	19.7%	-0.98pp	Dec 31, 2008	Mar 13, 2009
2007	20.7%	+1.31pp	Dec 31, 2007	Mar 14, 2008
2006	19.3%	-0.80pp	Dec 31, 2006	Mar 15, 2007
2005	20.2%	-3.44pp	Dec 31, 2005	Mar 16, 2006
2004	23.6%	+0.56pp	Dec 31, 2004	Mar 16, 2005
2003	23.0%	+1.52pp	Dec 31, 2003	Mar 15, 2004
2002	21.5%	+2.20pp	Dec 31, 2002	Mar 31, 2003
2001	19.3%	-0.91pp	Dec 31, 2001	Mar 28, 2002
2000	20.2%	-0.73pp	Dec 31, 2000	Mar 28, 2001
1999	20.9%	+2.77pp	Dec 31, 1999	Mar 28, 2000
1998	18.2%	-0.24pp	Dec 31, 1998	Mar 24, 1999
1997	18.4%	+0.46pp	Dec 31, 1997	Mar 23, 1998
1996	18.0%	+0.98pp	Dec 31, 1996	Mar 27, 1997
1995	17.0%	-1.34pp	Dec 31, 1995	Mar 27, 1996
1994	18.3%	-0.44pp	Dec 31, 1994	Dec 31, 1994
1993	18.8%	-0.46pp	Dec 31, 1993	Dec 31, 1993
1992	19.2%	+5.40pp	Dec 31, 1992	Dec 31, 1992
1991	13.8%	—	Dec 31, 1991	Dec 31, 1991

202530.4%+11.85pp
202418.6%-8.15pp
202326.7%-11.41pp
202238.2%+4.38pp
202133.8%+1.48pp
202032.3%-0.23pp
201932.5%-2.59pp
201835.1%+1.97pp
201733.1%-4.16pp
201637.3%+9.84pp
201527.5%-3.66pp
201431.1%+2.20pp
201328.9%+0.10pp
201228.8%-5.66pp
201134.5%+8.38pp
201026.1%+7.80pp
200918.3%-1.39pp
200819.7%-0.98pp
200720.7%+1.31pp
200619.3%-0.80pp
200520.2%-3.44pp
200423.6%+0.56pp
200323.0%+1.52pp
200221.5%+2.20pp
200119.3%-0.91pp
200020.2%-0.73pp
199920.9%+2.77pp
199818.2%-0.24pp
199718.4%+0.46pp
199618.0%+0.98pp
199517.0%-1.34pp
199418.3%-0.44pp
199318.8%-0.46pp
199219.2%+5.40pp
199113.8%—

Operating Margin values are taken from First Financial's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at First Financial (THFF)

According to First Financial's latest reported financial statements, the company's latest reported operating margin is 27.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 6, 2026). Chart and table below cover the full reported history back to 1991.

As of the 2025 fiscal year, First Financial (THFF) reported operating margin of 30.44% – expanded 11.9 percentage points year-over-year.

38.15% stands as the all-time-high annual operating margin, posted in 2022, against a low of 13.83% during 1991.

First Financial Operating Margin by Year

First Financial Operating Margin 2025: 30.4%

First Financial operating margin in 2025 was 30.44%, expanded 11.9 percentage points from 2024.

First Financial Operating Margin 2024: 18.6%

2024's operating margin for First Financial came in at 18.59%, contracted 8.2 percentage points from 2023.

First Financial Operating Margin 2023: 26.7%

First Financial posted operating margin of 26.74% in 2023, contracted 11.4 percentage points from 2022.

First Financial Operating Margin 2022: 38.2%

In 2022, First Financial reported operating margin of 38.15%, expanded 4.4 percentage points from 2021. This figure represents the highest annual value in the available history.

First Financial Operating Margin 2021: 33.8%

First Financial operating margin in 2021 was 33.77%.

See more financial history for First Financial (THFF).

Sector peers by Operating Margin

Financial Services peers of First Financial (THFF), ranked by their latest operating margin


Visa (V)	61.1%
Mastercard (MA)	59.4%
JPMorgan Chase (JPM)	26.2%
Bank of America (BAC)	22.9%
Goldman Sachs (GS)	20.5%
Wells Fargo (WFC)	20.5%
Morgan Stanley (MS)	19.5%
Berkshire Hathaway (BRK-B)	16.1%

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