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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.7B
$162M
0.0%
0.0%
—
$593M
$28M
2024
$1.6B
$103M
0.0%
0.0%
—
$547M
$38M
2023
$1.5B
$45M
0.0%
0.0%
—
$546M
—
2022
$1.4B
-$3M
0.0%
0.0%
—
$498M
—
2021
$1.3B
$143M
0.0%
0.0%
—
$503M
—
2020
$1.3B
$133M
0.0%
0.0%
—
$437M
—
2019
$1.4B
$184M
0.0%
0.0%
—
$433M
—
2018
$1.2B
$18M
0.0%
0.0%
—
$298M
—
2017
$1.2B
$169M
0.0%
0.0%
—
$297M
—
2016
$1.1B
$84M
0.0%
0.0%
—
$247M
—
2015
$1.1B
$93M
0.0%
0.0%
—
$247M
—
2014
$1.1B
$104M
0.0%
0.0%
—
$200M
—
2013
$1.0B
$111M
0.0%
0.0%
—
$200M
—
2012
$1.0B
$104M
0.0%
0.0%
—
$200M
—
2011
$998M
$71M
0.0%
0.0%
—
$200M
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$429M
$41M
0.0%
0.0%
—
$594M
$21M
Dec '25
$435M
$36M
0.0%
0.0%
—
$593M
$28M
Sep '25
$439M
$58M
0.0%
0.0%
—
$843M
$47M
Jun '25
$412M
$29M
0.0%
0.0%
—
$548M
—
Mar '25
$416M
$38M
0.0%
0.0%
—
$547M
—
Dec '24
$409M
$38M
0.0%
0.0%
—
$547M
$38M
Sep '24
$412M
$34M
0.0%
0.0%
—
$547M
—
Jun '24
$388M
$4M
0.0%
0.0%
—
$547M
—
Mar '24
$386M
$27M
0.0%
0.0%
—
$546M
—
Dec '23
$403M
$40M
0.0%
0.0%
—
$546M
—
Sep '23
$379M
$12M
0.0%
0.0%
—
$546M
—
Jun '23
$356M
-$13M
0.0%
0.0%
—
$498M
—
Mar '23
$354M
$7M
0.0%
0.0%
—
$498M
—
Dec '22
$346M
-$17M
0.0%
0.0%
—
$498M
—
Sep '22
$343M
$20M
0.0%
0.0%
—
$498M
—
Jun '22
$346M
-$4M
0.0%
0.0%
—
$498M
—
Mar '22
$347M
$20M
0.0%
0.0%
—
$503M
—
Dec '21
$331M
$47M
0.0%
0.0%
—
$503M
—
Sep '21
$329M
$20M
0.0%
0.0%
—
$389M
—
Jun '21
$347M
$54M
0.0%
0.0%
—
$414M
—
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.
The price-to-earnings ratio has fallen from 33.0× (Jan '24) to 12.6× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.2× (Jun '26).
The dividend yield has fallen from 3.9% (Mar '23) to 2.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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. These are computed facts, not advice.
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?
As of Jun '26, Horace Mann Educators Corp /De/ traded at a price-to-earnings ratio of about 12.6× (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.