Saturday 17 October 2026
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Federated Hermes, Inc.
FHI Financial Asset Management
Federated Hermes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 10.3% from fiscal 2024. In the quarter to June 2026, revenue grew 18.3%, EPS grew 19.0%, free cash flow grew 342.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years.
55.85
0.62
−1.10%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.14 | 12.31 | 12.18 | 12.12 | 8.92 | 13.62 | 14.02 | 9.91 | 12.89 | 10.13 |
Piotroski F-Score |
7 | 6 | 4 | 5 | 7 | 3 | 6 | 7 | 6 | 7 |
P/S ratio |
2.49 | 3.14 | 2.27 | 2.39 | 1.93 | 2.71 | 2.21 | 1.76 | 2.00 | 2.17 |
P/FCF ratio |
11.26 | 9.18 | 13.62 | 9.91 | 7.75 | 22.03 | 10.01 | 9.33 | 9.53 | 13.27 |
P/Operating CF |
31.56 | 18.24 | 21.89 | 25.85 | 21.48 | 50.75 | 24.15 | 21.87 | 25.77 | 24.26 |
P/B ratio |
4.78 | 4.55 | 3.00 | 3.04 | 2.45 | 3.16 | 3.06 | 2.51 | 2.98 | 3.27 |
Price to Tangible BV |
0.00 | 142.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 293.23 |
EV/Sales |
2.54 | 3.01 | 2.25 | 2.28 | 1.77 | 2.70 | 2.22 | 1.74 | 1.90 | 2.04 |
EV/EBITDA |
8.14 | 9.22 | 7.28 | 8.03 | 5.72 | 8.87 | 8.79 | 6.75 | 8.10 | 6.86 |
EV/Operating CF |
10.94 | 8.57 | 12.37 | 9.02 | 6.86 | 20.62 | 9.91 | 8.98 | 8.97 | 12.36 |
EV/FCF |
11.50 | 8.79 | 13.50 | 9.44 | 7.12 | 21.96 | 10.04 | 9.21 | 9.08 | 12.48 |
Quick Ratio |
0.92 | 2.87 | 1.39 | 1.52 | 1.54 | 1.22 | 1.67 | 1.77 | 2.11 | 2.14 |
Current Ratio |
2.21 | 3.39 | 1.68 | 2.00 | 2.17 | 2.07 | 2.53 | 2.51 | 2.70 | 2.75 |
Net Debt/EBITDA |
0.17 | (0.41) | (0.06) | (0.40) | (0.51) | (0.03) | 0.03 | (0.09) | (0.41) | (0.44) |
Debt/Assets |
14.35% | 13.81% | 8.75% | 5.32% | 3.64% | 11.07% | 17.20% | 16.55% | 16.70% | 15.63% |
Debt/Equity |
0.28 | 0.22 | 0.16 | 0.10 | 0.07 | 0.20 | 0.33 | 0.31 | 0.32 | 0.29 |
Asset Turnover |
0.98 | 0.92 | 0.82 | 0.78 | 0.74 | 0.64 | 0.72 | 0.78 | 0.78 | 0.83 |
Operating CF/Net income |
1.32 | 1.38 | 0.97 | 1.28 | 1.20 | 0.66 | 1.42 | 1.09 | 1.35 | 0.77 |
Capex/Depreciation |
(0.60) | (0.53) | (0.96) | (2.61) | (0.45) | (0.52) | (0.16) | (0.29) | (0.18) | (0.12) |
| 32.34% | 41.26% | 26.17% | 27.52% | 28.59% | 22.91% | 21.08% | 26.22% | 23.09% | 33.61% | |
| 17.19% | 23.46% | 15.26% | 15.26% | 15.80% | 12.64% | 11.27% | 13.83% | 12.26% | 17.86% | |
ROIC |
31.95% | 34.71% | 24.71% | 24.38% | 28.71% | 20.73% | 19.92% | 22.16% | 24.06% | 33.36% |
Return on Tangible Assets |
85.11% | 80.88% | 120.21% | 92.54% | 85.90% | 76.81% | 53.02% | 61.41% | 49.58% | 67.04% |
Average Days of Receivables |
14.30 | 17.70 | 30.56 | 28.08 | 26.71 | 27.02 | 23.73 | 28.21 | 23.76 | 18.20 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
68.46% | 66.50% | 68.32% | 71.01% | 68.80% | 68.85% | 71.04% | 71.84% | 70.93% | 69.64% |
Intangible Assets out of Total Assets |
0.63 | 0.60 | 0.74 | 0.65 | 0.62 | 0.63 | 0.60 | 0.58 | 0.54 | 0.53 |
Share Based Compensation of Revenue |
1.96% | 2.04% | 2.48% | 2.48% | 2.45% | 3.05% | 2.46% | 2.11% | 1.76% | 1.62% |
Graham Net Nets |
(0.07) | (0.01) | (0.15) | (0.12) | (0.12) | (0.10) | (0.10) | (0.09) | (0.06) | (0.04) |
Graham Number |
16.57 | 22.54 | 20.82 | 25.46 | 29.31 | 27.16 | 27.01 | 32.13 | 31.46 | 42.93 |
Earnings Yield |
7.07% | 8.12% | 8.21% | 8.25% | 11.21% | 7.34% | 7.13% | 10.09% | 7.76% | 9.87% |
Free Cash Flow Yield |
8.88% | 10.89% | 7.34% | 10.09% | 12.90% | 4.54% | 9.99% | 10.72% | 10.49% | 7.53% |
Revenue per Share |
11.54 | 11.32 | 11.71 | 13.64 | 15.01 | 13.87 | 16.86 | 19.19 | 20.55 | 23.98 |
Operating CF per Share |
2.68 | 3.98 | 2.13 | 3.44 | 3.87 | 1.82 | 3.78 | 3.72 | 4.36 | 3.96 |
Capex per Share |
(0.13) | (0.10) | (0.20) | (0.75) | (0.14) | (0.17) | (0.05) | (0.09) | (0.05) | (0.04) |
Free Cash Flow per Share |
2.55 | 3.88 | 1.93 | 2.69 | 3.73 | 1.65 | 3.73 | 3.62 | 4.31 | 3.92 |
Cash per Share |
1.06 | 3.25 | 1.62 | 2.56 | 3.13 | 2.49 | 3.93 | 4.57 | 6.35 | 7.76 |
Shareholders Equity per Share |
6.01 | 7.81 | 8.84 | 10.71 | 11.78 | 11.88 | 12.19 | 13.45 | 13.79 | 15.94 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.01 | 7.81 | 8.84 | 10.71 | 11.78 | 11.88 | 12.19 | 13.45 | 13.79 | 15.94 |
Free Cash Flow |
252.83 | 377.58 | 187.05 | 261.85 | 359.74 | 154.64 | 319.58 | 303.92 | 342.53 | 294.58 |
Working Capital |
197.22 | 308.43 | 122.92 | 230.57 | 309.90 | 288.74 | 393.62 | 433.39 | 492.16 | 549.65 |
Capital Expenditures |
(12.84) | (9.80) | (19.24) | (73.09) | (13.50) | (15.74) | (4.37) | (7.91) | (4.02) | (2.76) |
Net Current Asset Value |
(199.56) | (32.92) | (382.46) | (377.57) | (348.50) | (344.72) | (323.76) | (252.86) | (208.13) | (168.60) |
EV/EBIT |
8.66 | 9.72 | 7.73 | 8.68 | 6.12 | 9.59 | 9.53 | 7.22 | 8.60 | 7.15 |
Capex to Sales |
0.01 | 0.01 | 0.02 | 0.06 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
8.48 | 10.15 | 7.79 | 9.11 | 6.67 | 9.62 | 9.50 | 7.31 | 9.03 | 7.61 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.55 | 0.50 | 0.38 | 0.54 | 0.57 | 0.64 | 0.79 | 0.87 | 0.88 | 0.90 |
Cash ROIC |
29.18% | 30.27% | 16.28% | 18.83% | 23.76% | 9.85% | 18.47% | 16.35% | 17.59% | 13.84% |
Accounts Receivable Turnover |
29.19 | 22.44 | 15.29 | 13.46 | 13.92 | 12.86 | 15.20 | 14.74 | 14.15 | 18.37 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
39.16 | 49.14 | 74.28 | 98.58 | 104.02 | 101.12 | 95.14 | 109.21 | 115.32 | 98.00 |
Average Payables |
48.86 | 50.89 | 51.85 | 62.56 | 65.38 | 62.88 | 68.96 | 81.10 | 94.15 | 99.53 |
Average Inventory |
185.25 | 124.79 | 43.47 | 62.56 | 114.21 | 165.15 | 189.16 | 181.23 | 157.05 | 139.18 |
Average Assets |
1,171.16 | 1,193.26 | 1,387.55 | 1,711.91 | 1,970.49 | 2,039.51 | 2,019.33 | 2,061.16 | 2,093.26 | 2,157.01 |
Average Common Equity |
622.38 | 678.50 | 809.17 | 949.20 | 1,089.14 | 1,125.51 | 1,079.85 | 1,086.97 | 1,111.73 | 1,146.08 |
Columns are period end dates