Friday 6 November 2026 Export FHI’s income statement to Excel — free account

Federated Hermes, Inc.

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

Revenue growth 3 yrs

64.19 0.53 +0.83%

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Market cap: $4.7B
P/E: 11.6×
Fwd P/E: 10.4×
Dividend yield: 2.25%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Federated Hermes, Inc. (FHI) Price to free cash flow

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As of 5 November 2026, Federated Hermes, Inc. (FHI) trades at a price to free cash flow of 11.8×. Over the past ten years it has ranged from 4.0× (March 2020) to 23.0× (January 2022); the current reading is higher than 60% of that period. That is above the Asset Management industry median of 7.8× and above the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/FHI/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Federated Hermes, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/FHI/metrics/price-to-free-cash-flow">Federated Hermes, Inc. (FHI) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	13.3×	39.26%
FY2024	9.5×	2.21%
FY2023	9.3×	(6.80%)
FY2022	10.0×	(54.57%)
FY2021	22.0×	184.21%
FY2020	7.7×	(21.79%)
FY2019	9.9×	(27.24%)
FY2018	13.6×	48.36%
FY2017	9.2×	(18.44%)
FY2016	11.3×	(11.18%)

Period	Price to free cash flow	Change
Sep 2026	10.4×	(4.13%)
Jun 2026	10.8×	(19.78%)
Mar 2026	13.5×	1.67%
Dec 2025	13.3×	(10.55%)
43 more quarters	Free account

Against its own ten years

Low 4.0× High 23.0×

Ten-year median 10.7×

Current reading's percentile 60

Company	Price to free cash flow
OTF Blue Owl Technology Finance Corp. compare	n/m
MAIN Main Street Capital Corporation compare	n/m
STEP StepStone Group Inc. compare	n/m
OBDC Blue Owl Capital Corporation compare	2.2×
BXSL Blackstone Secured Lending Fund compare	5.3×
FHI Federated Hermes, Inc.	11.8×
HASI HA Sustainable Infrastructure Capital, Inc. compare	15.7×
HLNE Hamilton Lane Inc. compare	45.9×
CNS Cohen & Steers Inc compare	106×
Asset Management industry median	7.8×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Federated Hermes, Inc. (FHI) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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