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.
- Revenue
- +8.07%
- EPS
- +11.9%
- Free cash flow
- +18.3%
- Total debt
- +0.08%
Quarter to September 2026, against a year earlier
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Federated Hermes, Inc. (FHI) EBITDA
Federated Hermes, Inc.'s EBITDA for fiscal 2025 was $536.1M, up 39.7% from $383.9M in fiscal 2024. Over the twelve months to 30 September 2026 it was $573.4M. Over the past ten years it has ranged from $304.0M (fiscal 2015) to $536.1M (fiscal 2025) — the current reading is the highest in ten years. Federated Hermes, Inc. ranks 26th of 112 Asset Management companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $536.1M | 39.66% |
| FY2024 | $383.9M | (7.36%) |
| FY2023 | $414.4M | 13.57% |
| FY2022 | $364.9M | (7.92%) |
| FY2021 | $396.3M | (11.56%) |
| FY2020 | $448.1M | 19.19% |
| FY2019 | $375.9M | 7.31% |
| FY2018 | $350.3M | (2.73%) |
| FY2017 | $360.2M | 0.82% |
| FY2016 | $357.2M | 17.50% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Sep 2026 | $159.8M | 13.39% |
| Jun 2026 | $140.9M | 7.10% |
| Mar 2026 | $131.6M | (6.78%) |
| Dec 2025 | $141.1M | 4.49% |
| 43 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| BXSL Blackstone Secured Lending Fund compare | $1.5B |
| OBDC Blue Owl Capital Corporation compare | $1.2B |
| OTF Blue Owl Technology Finance Corp. compare | $1.1B |
| FHI Federated Hermes, Inc. | $573.4M |
| MAIN Main Street Capital Corporation compare | $506.7M |
| HLNE Hamilton Lane Inc. compare | $390.8M |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | $333.3M |
| CNS Cohen & Steers Inc compare | $212.5M |
| STEP StepStone Group Inc. compare | −$1.1B |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Price to free cash flow
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