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