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FHI Financials Federated Hermes, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 4.5% per year over the past 5 years.
  • Net income has grown in line with revenue (4.3% vs 4.5% per year).
  • Operating margin has been roughly flat, at 28.5% in the latest year.
  • Free cash flow has declined 3.9% per year over the past 5 years.

Financial health

  • The company holds more cash ($583M) than total debt ($348M).
  • Total debt has grown faster than revenue (11.8% vs 4.5% per year).
  • Operating income covered interest expense 40× in the latest year, down from 156× 5 years ago.
  • Total debt is 0.7× EBITDA.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 26.0% of earnings and 35.6% of free cash flow.
  • The dividend has grown 2.3% per year over the past 5 years.
Revenue & net income
$0 $900M $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 15% 31% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $189M $378M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $291M $583M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$312M $38M $387M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.8B $403M 0.0% 28.5% $295M $348M $583M
2024 $1.6B $268M 0.0% 22.1% $343M $348M $504M
2023 $1.6B $299M 0.0% 24.1% $304M $348M $383M
2022 $1.4B $239M 0.0% 23.3% $320M $348M $337M
2021 $1.3B $270M 0.0% 28.2% $160M $223M $233M
2020 $1.4B $326M 0.0% 28.9% $360M — $302M
2019 $1.3B $272M 0.0% 26.2% $320M — $249M
2018 $1.1B $220M 0.0% 29.1% $189M — $157M
2017 $1.1B $291M 0.0% 31.0% $378M — $316M
2016 $1.1B $209M 0.0% 29.4% $253M — $105M
2015 — $170M — — $227M — $173M
2014 — $149M — — $184M — $115M
2013 — $162M — — $251M — $104M
2012 — $188M — — $308M — $68M
2011 — $151M — — $105M — $49M

Valuation over time

How the market has priced FHI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 7.2 14.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.2 2.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 3.3 6.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is FHI growing its revenue and profit?

Over the past 5 years, Federated Hermes, Inc.'s revenue has grown 4.5% per year, and net income grown 4.3% per year. These are computed facts, not advice.

How much debt does FHI have?

As of FY2025, Federated Hermes, Inc. reported $348M of total debt against $583M of cash; operating income covered interest expense 40×.

What is FHI's profit margin?

In FY2025, gross margin was —, operating margin 28.5%, and net margin 22.4%.

What is FHI's P/E ratio?

As of Jun '26, Federated Hermes, Inc. traded at a price-to-earnings ratio of about 10.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.