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HMN Financials Horace Mann Educators Corp /De/

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 5.4% per year over the past 5 years.
  • Net income has grown slower than revenue (4.0% vs 5.4% per year).

Financial health

  • Total debt ($593M) exceeds cash ($28M); net debt is $566M.
  • Total debt has grown in line with revenue (6.3% vs 5.4% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 35.2% of earnings.
  • The dividend has grown 2.9% per year over the past 5 years.
Revenue & net income
-$3M $849M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-0% 7% 14% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-0% 6% 12% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $297M $593M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$598M -$23M $553M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.7B $162M 0.0% 0.0% 10.9% 1.1% — $593M $28M
2024 $1.6B $103M 0.0% 0.0% 8.0% 0.7% — $547M $38M
2023 $1.5B $45M 0.0% 0.0% 3.8% 0.3% — $546M —
2022 $1.4B -$3M 0.0% 0.0% -0.2% -0.0% — $498M —
2021 $1.3B $143M 0.0% 0.0% 9.5% 1.0% — $503M —
2020 $1.3B $133M 0.0% 0.0% 7.4% 1.0% — $437M —
2019 $1.4B $184M 0.0% 0.0% 11.8% 1.5% — $433M —
2018 $1.2B $18M 0.0% 0.0% 1.4% 0.2% — $298M —
2017 $1.2B $169M 0.0% 0.0% 11.3% 1.5% — $297M —
2016 $1.1B $84M 0.0% 0.0% 6.5% 0.8% — $247M —
2015 $1.1B $93M 0.0% 0.0% 7.4% 0.9% — $247M —
2014 $1.1B $104M 0.0% 0.0% 7.8% 1.1% — $200M —
2013 $1.0B $111M 0.0% 0.0% 10.1% 1.3% — $200M —
2012 $1.0B $104M 0.0% 0.0% 8.3% 1.3% — $200M —
2011 $998M $71M 0.0% 0.0% 6.7% 0.9% — $200M —

Valuation over time

How the market has priced HMN 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 18.8 37.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.6 1.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 2.3 4.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is HMN growing its revenue and profit?

Over the past 5 years, Horace Mann Educators Corp /De/'s revenue has grown 5.4% per year, and net income grown 4.0% per year.

How much debt does HMN have?

As of FY2025, Horace Mann Educators Corp /De/ reported $593M of total debt against $28M of cash.

What is HMN's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 9.5%.

What is HMN's P/E ratio?

Horace Mann Educators Corp /De/'s P/E (TTM) is 12.15 as of the 2026-11-05 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HMN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 13.3× as of Nov '26) can differ.

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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing.