Which has the lower trailing P/E, FRMEP or WAFDP?

WAFDP has the lower trailing P/E: FRMEP trades at 8.09 and WAFDP at 4.71. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FRMEP or WAFDP?

Over the past five years, WAFDP grew revenue faster — FRMEP at a 14.59% CAGR versus WAFDP at 16.67%.

Does FRMEP or WAFDP pay a bigger dividend?

FRMEP yields 7.42% and WAFDP yields 7.92% based on trailing dividends and the latest price.

Is FRMEP or WAFDP more profitable?

WAFDP runs the higher net margin — FRMEP at 17.08% versus WAFDP at 18.47%.

How have FRMEP and WAFDP total returns compared?

Over the past 5 years, FRMEP delivered 5.75% and WAFDP delivered -3.07% annualized total return. Past performance doesn't predict future results.

First Merchants Corporation (FRMEP) vs WaFd, Inc. (WAFDP)

A side-by-side comparison of First Merchants Corporation and WaFd, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

FRMEP

First Merchants Corporation

$2.80B

$25.31Financial ServicesDelayed quote: Oct 6, 2026, 2:07 PM EDT

WAFDP

WaFd, Inc.

$2.57B

$15.40Financial ServicesDelayed quote: Oct 6, 2026, 3:35 PM EDT

Total return — FRMEP vs WAFDP

growth of $100 · dividends reinvested · last 6y

FRMEP +33.4% (+4.9%/yr)WAFDP -9.4% (-1.6%/yr)FRMEP compounded faster over this window

FRMEP WAFDP

FRMEP vs WAFDP: by the numbers

•FRMEP is the larger company ($2.80B vs $2.57B market cap).
•WAFDP trades at the lower trailing earnings multiple (4.71 vs 8.09 P/E), one valuation lens rather than an overall verdict.
•WAFDP converts more revenue to profit (18.47% vs 17.08% net margin).
•WAFDP grew revenue faster over the past five years (16.67% vs 14.59% CAGR).
•WAFDP pays the higher dividend yield (7.92% vs 7.42%).

Metrics side by side

Valuation

Metric	FRMEP	WAFDP
P/E ratio	8.09	4.71
Forward P/E	7.79	4.38
PEG ratio	1.12	1.53
P/S ratio	2.57	1.85
P/B ratio	1.05	0.94

Profitability

Metric	FRMEP	WAFDP
Operating margin	18.95%	23.63%
Net margin	17.08%	18.47%
ROE	6.89%	8.49%

First Merchants Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

WaFd, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	FRMEP	WAFDP
Dividend yield	7.42%	7.92%
Payout ratio	59.91%	37.27%

Growth (annualized)

Metric	FRMEP	WAFDP
Revenue CAGR (5Y)	14.59%	16.67%
EPS CAGR (5Y)	7.24%	3.16%
Total return CAGR (5Y)	5.75%	-3.07%

Frequently asked

Which has the lower trailing P/E, FRMEP or WAFDP?: WAFDP has the lower trailing P/E: FRMEP trades at 8.09 and WAFDP at 4.71. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FRMEP or WAFDP?: Over the past five years, WAFDP grew revenue faster — FRMEP at a 14.59% CAGR versus WAFDP at 16.67%.
Does FRMEP or WAFDP pay a bigger dividend?: FRMEP yields 7.42% and WAFDP yields 7.92% based on trailing dividends and the latest price.
Is FRMEP or WAFDP more profitable?: WAFDP runs the higher net margin — FRMEP at 17.08% versus WAFDP at 18.47%.
How have FRMEP and WAFDP total returns compared?: Over the past 5 years, FRMEP delivered 5.75% and WAFDP delivered -3.07% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FRMEP analysis Full WAFDP analysis Interactive comparison tool

Dig into the metrics

First Merchants P/E ratio WaFd P/E ratio First Merchants dividend yield WaFd dividend yield First Merchants ROE WaFd ROE First Merchants operating margin WaFd operating margin First Merchants revenue growth WaFd revenue growth

First Merchants & WaFd appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.