FEDERATED HERMES, INC.
FHI· NYSE· Investment Advice
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 16.4%
- ROIC, 5 yr avg
- 28.4%
- Revenue, 5 yr CAGR
- +4.5%
We record prices for the companies we cover; FHI is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 75.1M
- Revenue
- $1.8B
- Free cash flow
- $294.6M
- Owner earnings
- $265.5M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 28.5%
- Net
- 22.4%
- Free cash flow
- 16.4%
- Owner earnings
- 14.7%
- Stock pay
- 1.6%
Returns
- ROIC, FY2025
- 40.4%
- ROIC, 5 yr avg
- 28.4%
- ROE, FY2025
- 33.7%
- ROE, 5 yr avg
- 26.4%
Growth (CAGR)
- Revenue, 3 yr
- 7.6%
- Revenue, 5 yr
- 4.5%
- Revenue, 9 yr
- 5.2%
- Diluted EPS, 3 yr
- 24.6%
- Diluted EPS, 5 yr
- 9.7%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -2.7%
- Free cash flow, 5 yr
- -3.9%
- Free cash flow, 9 yr
- 1.7%
Financial health · FY2025
- Cash and investments
- $582.5M
- Total debt
- $348.4M
- Net cash
- $234.2M
- Debt/Equity
- 0.3x
- Debt/FCF
- 1.2x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 26.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -4.9%
Financials: ten years from the 10-Ks
Revenue
$1.8B
+5.2% a year over 9 years
FY2016FY2025
Margins
Operating28.5%Net22.4%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$294.6MOwner earnings$265.5M
Free cash flow +1.7% a year
FY2016FY2025
Diluted shares
75.1M
-24.2% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
40.4%
FY2025
FY2016FY2025
Net cash
$234.2M
$234.2M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $1.1B | $1.1B | $1.1B | $1.3B | $1.4B | $1.3B | $1.4B | $1.6B | $1.6B | $1.8B |
| Revenue growth | 23.4% | -3.5% | 3.0% | 16.8% | 9.1% | -10.2% | 11.2% | 11.3% | 1.4% | 10.3% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 29.4% | 31.0% | 29.1% | 26.2% | 28.9% | 28.2% | 23.3% | 24.1% | 22.1% | 28.5% |
| Net income | $208.9M | $291.3M | $220.3M | $272.3M | $326.4M | $270.3M | $239.5M | $299.0M | $268.3M | $403.3M |
| Net margin | 18.3% | 26.4% | 19.4% | 20.5% | 22.5% | 20.8% | 16.6% | 18.6% | 16.4% | 22.4% |
| Diluted EPS | – | – | $2.18 | $2.69 | $3.23 | $2.75 | $2.65 | $3.40 | $3.23 | $5.13 |
| Return on invested capital? | – | – | – | – | – | 24.0% | 24.4% | 26.3% | 27.1% | 40.4% |
| Cash | ||||||||||
| Operating cash flow | $265.7M | $387.4M | $206.3M | $334.9M | $373.2M | $170.4M | $323.9M | $311.8M | $346.6M | $297.3M |
| Capital expenditure | $12.8M | $9.8M | $17.3M | $15.0M | $13.5M | $10.4M | $4.4M | $7.9M | $4.0M | $2.8M |
| Free cash flow | $252.8M | $377.6M | $189.0M | $319.9M | $359.7M | $160.0M | $319.6M | $303.9M | $342.5M | $294.6M |
| Stock-based compensation | $22.4M | $22.5M | $23.9M | $25.1M | $26.7M | $30.3M | $34.8M | $33.9M | $28.8M | $29.1M |
| Owner earnings? | $230.4M | $355.1M | $165.1M | $294.8M | $333.1M | $129.7M | $284.8M | $270.0M | $313.7M | $265.5M |
| Free cash flow per share | $2.55 | $3.88 | $1.95 | $3.29 | $3.73 | $1.71 | $3.73 | $3.62 | $4.31 | $3.92 |
| Capital allocation | ||||||||||
| Dividends paid | $205.5M | $101.5M | $106.9M | $109.1M | $207.8M | $105.8M | $97.9M | $98.1M | $184.8M | $104.9M |
| Share repurchases | $81.8M | $48.6M | $29.2M | $15.7M | $66.8M | $228.3M | $218.1M | $177.1M | $137.6M | $262.8M |
| Diluted shares | 99.1M | 97.4M | 96.9M | 97.3M | 96.5M | 93.8M | 85.8M | 83.9M | 79.4M | 75.1M |
| Share count change? | -1.4% | -1.7% | -0.5% | 0.3% | -0.8% | -2.8% | -8.5% | -2.2% | -5.3% | -5.4% |
| Balance sheet | ||||||||||
| Cash and equivalents | $104.8M | $316.3M | $156.8M | $249.2M | $301.8M | $233.3M | $336.8M | $383.2M | $504.4M | $582.5M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | $223.3M | $347.6M | $347.8M | $348.1M | $348.4M |
| Net debt | – | – | – | – | – | -$10.0M | $10.8M | -$35.3M | -$156.3M | -$234.2M |
| Shareholders' equity | $594.8M | $761.2M | $857.1M | $1.0B | $1.1B | $1.1B | $1.0B | $1.1B | $1.1B | $1.2B |
Latest filings
| 2026-10-30 | 10-Q | Quarterly report |
| 2026-10-29 | 8-K | Earnings release |
| 2026-07-31 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-05-01 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-02-27 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-10-31 | 10-Q | Quarterly report |
| 2025-10-30 | 8-K | Earnings release |
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