FHINYSEInvestment AdviceFiscal year ends December 31
FEDERATED HERMES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$55.25−0.68 (-1.22%)
Close on Oct 19, 2026
- Market cap
- $3.98B
- P/E (TTM)
- 10.3
- Dividend yield
- 2.41%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
28.5%−0.3 pts over 5 years
Net margin
22.4%−0.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.3% | +7.6% | +4.5% | +6.9% | |
| Operating income | +42.2% | +15.1% | +4.2% | +6.3% | |
| Net income | +50.3% | +19.0% | +4.3% | +9.0% | |
| EPS, diluted | +58.8% | +24.6% | +9.7% | +12.2% | |
| Free cash flow | -14.0% | -2.7% | -3.9% | +2.6% | |
| Dividend per share | -39.8% | +7.2% | -8.6% | +2.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 33.6% | 30.0% | 35.2% | |
| Return on assets | 17.8% | 16.6% | 18.7% | |
| Current ratio | 2.21 | 2.17 | 2.75 | |
| Capex to revenue | 1.1% | 0.9% | 0.2% | |
| Diluted shares | 99M | 97M | 75M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Federated Hermes generated $1.45B from operations and spent $1.64B on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$1.45B
Used
$1.64B
Capital expenditure$29.49M2%Dividends$591.46M36%Share buybacks$1.02B62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.4%
×Asset turnover0.83×
×Equity multiplier1.88×
=Return on equity, FY202535.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 22.4% | 0.83× | 1.88× | 35.2% |
| FY2024 | 16.4% | 0.78× | 1.88× | 24.1% |
| FY2023 | 18.6% | 0.78× | 1.90× | 27.5% |
| FY2022 | 16.6% | 0.72× | 1.87× | 22.2% |
| FY2021 | 20.8% | 0.64× | 1.81× | 24.0% |
| FY2020 | 22.5% | 0.73× | 1.81× | 30.0% |
| FY2019 | 20.5% | 0.78× | 1.80× | 28.7% |
| FY2018 | 19.4% | 0.82× | 1.71× | 27.2% |
| FY2017 | 26.4% | 0.92× | 1.76× | 43.0% |
| FY2016 | 18.3% | 0.98× | 1.88× | 33.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$403.30M
- Cash generatingOperating cash flow above zero$297.35M
- Return on assets improvedROA up on the prior year12.8% → 19.3%
- Earnings backed by cashOperating cash flow above net income$297.35M vs $403.30M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.70 → 2.75
- No dilutionShare count did not rise79M → 75M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.78 → 0.86