CAMDEN NATIONAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CAMDEN NATIONAL CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue			26.8	28.3	27.7	32	33.3	33.6	35.7	41.7
Interest expense	16.6	20.8	31	40.9	20.9	11	25.1	94
Pre-tax income	57.5	62.4	65.8	71.6	74.4	86.6	77	53.8	65.5	78.7
Income tax	17.5	33.9	12.7	14.4	14.9	17.6	15.6	10.5	12.5	13.5
Net income	40.1	28.5	53.1	57.2	59.5	69	61.4	43.4	53	65.2
EPS, basic	2.59	1.83	3.40	3.70	3.96	4.62	4.18	2.98	3.63	3.86
EPS, diluted	2.57	1.82	3.39	3.69	3.95	4.60	4.17	2.97	3.62	3.84
Shares, basic (weighted)	15.4	15.5	15.6	15.4	15	14.9	14.6	14.6	14.6	16.9
Shares, diluted (weighted)	15.5	15.6	15.6	15.5	15	15	14.7	14.6	14.6	17
Dividend per share	0.83	0.94	1.15	1.23	1.32	1.48	1.62	1.68	1.68	1.68

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	87.7	103	67	75.6	146	221	75.4	99.8	215	97.5
Property, plant and equipment	42.9	41.9	42.5	41.8	39.9	37.8	36	35	37.1	51.3
Lease right-of-use assets				13	13.6	12.7	12.3	11.5	10.3	15.6
Goodwill	94.7	94.7	94.7	94.7	94.7	94.7	94.7	94.7	94.7	152
Intangible assets	6.76	4.96	4.23	3.53	2.84	2.19	1.56	0.97	0.42	42.6
Total assets	3,864	4,065	4,297	4,430	4,899	5,500	5,672	5,715	5,805	6,975
Short-term debt	530	542	271	269	162	212	265	486	501	582
Total liabilities	3,473	3,662	3,862	3,956	4,369	4,959	5,221	5,219	5,274	6,278
Total debt	10.8	10.8	11.6	10	25					0.07
Retained earnings	249	267	302	341	378	424	462	481	509	545
Other comprehensive income	-13.9	-20.2	-24.4	-6.27	20.7	-6.23	-126	-102	-94.6	-64.4
Shareholders' equity	392	403	436	473	529	541	451	495	531	697
Total equity	392	403	436	473	529	541	451	495	531	697
Total liabilities and equity	3,864	4,065	4,297	4,430	4,899	5,500	5,672	5,715	5,805	6,975
Shares outstanding	15.5	15.5	15.6	15.1	14.9	14.7	14.6	14.6	14.6	16.9

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	40.1	28.5	53.1	57.2	59.5	69	61.4	43.4	53	65.2
Depreciation and amortization	-5.05	-2.83	3.77	3.89	3.83	3.71	3.49	3.37	3.31	5.21
Stock-based compensation	2	1.47	1.69	1.89	1.79	2.38	2.55	2.79	2.9	3.42
Deferred income tax	-1.31	18.1	-2.6	1.26	-1.76	-0.64	1.79	1.31	0.3	0.62
Cash from operations	57.4	58.3	64.3	32.9	18.2	143	105	67.5	60.9	63.9
Capital expenditures	-1.67	-2.84	-5.02	-4.27	-2.93	-1.85	-2.18	-2.62	-5.58	-5.71
Purchases of investments		-171	-232	-339	-433	-759	-95.4	-116	-60.4	-235
Sales and maturities of investments		20.4	56.2	207	0	322	174	73.3	89.2	109
Cash from investing	-168	-212	-277	-55.8	-294	-649	-488	-7.03	30.3	-56.4
Stock issued	1.3	0.1	0.22	0.1	0.03	0.16	0.07
Share buybacks	0	0	-0.03	-20.8	-9.69	-10.1	-10.2	-2	-1.61	0
Dividends paid	-12.4	-14.3	-17.2	-18.6	-19.8	-21.1	-23.5	-24.5	-24.6	-28.5
Cash from financing	119	169	176	31.6	346	581	237	-36.1	23.9	-125
Net change in cash	8.22	15.3	-36	8.64	70.1	74.9	-145	24.4	115	-117
Free cash flow	55.7	55.5	59.3	28.6	15.3	141	103	64.9	55.4	58.2
Interest paid	16.7	20.8	30.2	41.4	21.5	11.2	24.5	92.4	117	117
Income taxes paid	10.6	16.8	10.7	13.5	15.7	18.5	13.2	11.1	8.82	6.15

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $57.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	262.0%	Pre-tax income / revenue.
Net margin	207.1%	Net income / revenue.
FCF margin	239.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	252.4%	Cash from operations / revenue.
Effective tax rate	20.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.3%	Net income / average total assets.
Stock-based pay / revenue	8.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	12.8%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	17.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	22.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	2.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	1.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	6.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-2.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-0.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	4.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-15.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	28.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	5.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-17.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	30.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.2%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	31.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	15.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	5.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	20.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	16.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	89.6%	Total liabilities / total assets.
Goodwill and intangibles / assets	2.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$574.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.01x	Revenue / average total assets.
Fixed asset turnover	0.83x	Revenue / average property, plant and equipment.
FCF conversion	115.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.21	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$2.52	Revenue / diluted weighted shares.
FCF per share	$6.03	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.35	Cash from operations / diluted weighted shares.
Book value per share	$42.96	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$34.00	Tangible book value / shares outstanding.
Cash per share	$5.91	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	3.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$977.0M	Share price x shares outstanding.
Enterprise value	$877.1M	Market cap + total debt - cash - short-term investments.
P/E	11.0x	Market cap / net income. Only when net income is positive.
P/S	22.8x	Market cap / revenue.
P/B	1.35x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.70x	Market cap / tangible book value, when positive.
P/FCF	9.53x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.05x	Market cap / cash from operations, when positive.
EV/Sales	20.5x	Enterprise value / revenue.
EV/FCF	8.56x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.5%	Free cash flow / market cap.
Earnings yield	9.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.4%	(Dividends paid + share buybacks) / market cap.

What was CAMDEN NATIONAL CORP's revenue in fiscal 2025?

CAMDEN NATIONAL CORP reported revenue of $41.7M for fiscal 2025, 17% higher than the year before.

Was CAMDEN NATIONAL CORP profitable in fiscal 2025?

Yes. Net income was $65.2M, a net margin of 156.1%.

How much free cash flow did CAMDEN NATIONAL CORP generate in fiscal 2025?

Cash from operations of $63.9M minus capital expenditures of $5.7M left free cash flow of $58.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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