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

Hennessy Advisors, Inc.

Hennessy Advisors, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $35.5 million, up 19.9% from fiscal 2024.

Revenue: +4.17%
EPS: −3.85%
Free cash flow: −6.00%

Quarter to June 2026, against a year earlier

10.44 0.08 −0.76%

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Market cap: $83.2M
P/E: 10.0×
Fwd P/E: 10.6×
Dividend yield: 5.68%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

	Sep '16	Sep '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23	Sep '24	Sep '25
Piotroski F-Score Full definition →	—	5	6	5	6	6	4	5	6	6
P/E ratio Full definition →	12.72	8.07	5.25	7.61	7.82	9.08	10.57	10.97	10.82	8.29
P/S ratio Full definition →	3.50	2.24	1.97	1.96	1.83	2.16	2.19	2.15	2.58	2.29
P/FCF ratio Full definition →	10.49	6.04	5.07	5.91	5.83	6.99	7.68	7.45	8.53	6.10
P/Operating CF Full definition →	32.73	20.48	15.63	20.10	23.34	22.35	26.88	20.72	22.24	21.43
P/B ratio Full definition →	4.82	2.30	1.51	1.11	0.78	0.85	0.75	0.59	0.84	0.83
Price to Tangible BV Full definition →	4.82	2.30	1.51	1.11	0.78	0.85	0.75	0.59	0.84	0.83
EV/Sales Full definition →	4.01	2.44	1.90	1.81	1.66	1.83	1.67	1.44	1.90	1.49
EV/EBITDA Full definition →	8.62	5.19	4.20	4.76	4.80	5.40	4.81	5.04	5.97	3.86
EV/Operating CF Full definition →	11.87	6.50	4.82	5.37	5.22	5.78	5.72	4.84	6.07	3.85
EV/FCF Full definition →	12.05	6.56	4.90	5.45	5.30	5.92	5.87	4.99	6.28	3.98
Quick Ratio Full definition →	0.74	1.65	2.50	2.50	2.50	3.40	12.91	15.04	13.62	12.59
Current Ratio Full definition →	0.90	1.78	2.55	2.55	2.63	3.54	13.07	15.20	13.78	12.72
Net Debt/EBITDA Full definition →	1.10	0.41	(0.15)	(0.41)	(0.86)	(1.37)	(1.90)	(3.11)	(2.60)	(2.37)
Debt/Assets Full definition →	35.54%	26.69%	19.85%	16.41%	0.00%	0.63%	27.06%	26.88%	25.95%	24.81%
Debt/Equity Full definition →	0.81	0.50	0.31	0.24	0.00	0.01	0.45	0.45	0.43	0.41
Asset Turnover Full definition →	0.65	0.58	0.53	0.39	0.33	0.33	0.24	0.17	0.20	0.23
Operating CF/Net income Full definition →	1.27	1.33	1.04	1.30	1.35	1.31	1.40	1.50	1.31	1.38
Capex/Depreciation Full definition →	(0.52)	(0.48)	(1.56)	(0.91)	(0.72)	(1.07)	(0.46)	(0.41)	(0.56)	(0.71)
Interest Coverage Full definition →	19.31	19.50	19.95	14.78	25.32	—	4.64	2.81	3.90	5.73
ROE Full definition →	47.55%	33.63%	33.65%	15.06%	10.20%	9.79%	7.30%	5.48%	7.93%	10.54%
ROA Full definition →	18.18%	16.40%	19.94%	10.04%	7.65%	8.03%	5.04%	3.30%	4.77%	6.37%
ROIC Full definition →	23.24%	24.78%	22.73%	14.53%	10.37%	9.99%	9.22%	5.96%	8.29%	12.62%
Return on Tangible Assets Full definition →	(1,818.61%)	149.03%	107.98%	61.25%	91.34%	54.66%	10.81%	7.98%	11.14%	14.02%
Average Days of Receivables Full definition →	34.15	33.84	31.24	31.47	30.40	34.23	29.63	38.69	43.41	33.64
Research and Development Expense of Revenue Full definition →	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 Full definition →	51.53%	52.82%	53.78%	60.77%	63.96%	64.60%	64.33%	70.65%	66.51%	59.30%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	2.75%	4.00%	4.33%	5.11%	5.34%	4.39%	4.17%	4.20%	3.34%	3.15%
Graham Net Nets Full definition →	(0.21)	(0.20)	(0.07)	(0.07)	(0.05)	0.02	0.07	0.11	0.10	0.17
Graham Number Full definition →	14.34	16.98	23.15	17.64	15.93	16.42	14.59	12.71	15.69	18.86
Earnings Yield Full definition →	7.86%	12.39%	19.05%	13.14%	12.79%	11.02%	9.46%	9.12%	9.25%	12.06%
Free Cash Flow Yield Full definition →	9.53%	16.56%	19.72%	16.92%	17.15%	14.30%	13.02%	13.42%	11.73%	16.41%
Revenue per Share Full definition →	6.76	6.88	6.99	5.51	4.54	4.45	3.96	3.17	3.86	4.56
Operating CF per Share Full definition →	2.39	2.58	2.76	1.86	1.44	1.41	1.16	0.94	1.21	1.77
Capex per Share Full definition →	(0.02)	(0.02)	(0.05)	(0.03)	(0.02)	(0.03)	(0.03)	(0.03)	(0.04)	(0.06)
Free Cash Flow per Share Full definition →	2.37	2.56	2.71	1.83	1.42	1.38	1.13	0.91	1.17	1.71
Cash per Share Full definition →	0.47	2.04	3.25	3.18	1.36	2.15	7.82	7.98	8.32	9.30
Shareholders Equity per Share Full definition →	4.91	6.70	9.09	9.74	10.63	11.30	11.53	11.58	11.89	12.55
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	4.91	6.70	9.09	9.74	10.63	11.30	11.53	11.58	11.89	12.55
Free Cash Flow Full definition →	18.00	19.67	21.17	14.19	10.45	10.14	8.45	6.92	8.96	13.35
Working Capital Full definition →	(1.09)	9.77	18.71	17.65	8.29	14.15	56.94	59.51	63.32	70.50
Capital Expenditures Full definition →	(0.18)	(0.18)	(0.36)	(0.20)	(0.17)	(0.25)	(0.22)	(0.21)	(0.31)	(0.44)
Net Current Asset Value Full definition →	(37.47)	(23.50)	(7.76)	(5.67)	(3.23)	1.06	4.30	5.73	7.49	13.79
EV/EBIT Full definition →	8.68	5.27	4.24	4.82	4.90	5.52	5.04	5.45	6.35	4.04
Capex to Sales Full definition →	0.00	0.00	0.01	0.00	0.01	0.01	0.01	0.01	0.01	0.01
Price to Operating Income Full definition →	7.56	4.85	4.39	5.23	5.38	6.52	6.59	8.14	8.62	6.19
Other line items
Depreciation/Fixed assets Full definition →	1.19	1.44	0.60	0.62	0.81	0.75	1.47	1.72	1.49	1.18
Cash ROIC Full definition →	25.33%	21.11%	17.92%	11.99%	11.86%	10.16%	4.60%	3.69%	4.60%	6.36%
Accounts Receivable Turnover Full definition →	11.60	10.90	11.40	10.23	10.33	11.19	10.83	9.70	9.76	10.45
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
Average Receivables Full definition →	4.43	4.86	4.79	4.18	3.23	2.93	2.74	2.48	3.04	3.40
Average Payables Full definition →	1.33	1.33	0.25	(0.91)	(1.63)	—	—	—	—	—
Average Assets Full definition →	79.04	91.10	103.37	109.84	102.50	98.35	122.78	144.69	148.91	156.28
Average Common Equity Full definition →	30.21	44.43	61.26	73.25	76.85	80.72	84.78	87.03	89.53	94.52

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