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Diamond Hill Investment Group (DHIL) Financials

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$140.46 +0.31 (+0.22%)
As of 10:35 AM Eastern
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Annual Income Statements for Diamond Hill Investment Group

Annual Income Statements for Diamond Hill Investment Group

This table shows Diamond Hill Investment Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 39 74 40 42 43
Consolidated Net Income / (Loss)		 38 76 37 43 43
Net Income / (Loss) Continuing Operations		 38 74 30 43 43
Total Pre-Tax Income 		52 102 51 59 59
Total Revenue		 133 199 134 160 166
Net Interest Income / (Expense)		 6.58 16 -20 23 15
Total Interest Income		 6.58 16 -20 23 15
Investment Securities Interest Income		 6.58 16 -20 23 15
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 126 182 154 137 151
Other Non-Interest Income		 126 - 154 - 151
Total Non-Interest Expense		 81 99 90 101 107
Salaries and Employee Benefits		 61 74 66 76 79
Marketing Expense		 6.00 7.66 7.16 6.68 7.51
Other Operating Expenses		 14 18 17 18 20
Income Tax Expense		 14 26 14 15 16
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.50 - -3.56 0.86 0.00
Basic Earnings per Share		 $12.03 $23.34 $13.01 $14.32 $15.66
Weighted Average Basic Shares Outstanding		 3.21M 3.18M 3.11M 2.95M 2.76M
Diluted Earnings per Share		 $12.03 $23.34 $13.01 $14.32 $15.66
Weighted Average Diluted Shares Outstanding		 3.21M 3.18M 3.11M 2.95M 2.76M
Weighted Average Basic & Diluted Shares Outstanding		 3.16M 3.22M 3.05M 2.84M 2.79M
Cash Dividends to Common per Share		 $12.00 $23.00 $10.00 $6.00 $6.00

Quarterly Income Statements for Diamond Hill Investment Group

This table shows Diamond Hill Investment Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 13 9.43 6.47 14 13 8.13 15 7.39 10
Consolidated Net Income / (Loss)		 14 10 5.20 14 13 8.13 15 7.39 10
Net Income / (Loss) Continuing Operations		 14 10 5.20 14 13 8.13 15 7.39 10
Total Pre-Tax Income 		19 14 7.72 18 18 11 20 9.98 14
Total Revenue		 34 33 36 57 36 36 39 55 37
Net Interest Income / (Expense)		 0.00 0.00 0.00 23 0.00 -0.65 0.00 16 0.00
Total Interest Income		 0.00 0.00 0.00 23 0.00 -0.65 0.00 16 0.00
Total Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 34 33 36 34 36 37 39 39 37
Other Non-Interest Income		 34 33 36 - 36 37 39 39 37
Total Non-Interest Expense		 23 26 23 29 28 25 29 26 24
Salaries and Employee Benefits		 17 19 17 23 21 17 22 19 17
Marketing Expense		 1.65 1.72 1.57 1.74 1.69 1.89 1.84 2.09 1.81
Other Operating Expenses		 4.29 4.46 4.65 4.80 4.97 5.18 5.20 4.99 5.00
Nonoperating Income / (Expense), net		 8.08 6.28 -4.64 - 9.37 - 9.67 - 1.12
Income Tax Expense		 4.92 3.89 2.52 4.15 4.65 3.35 5.24 2.59 3.81
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.40 0.74 -1.27 - 0.00 0.00 0.00 0.00 0.01
Basic Earnings per Share		 $4.20 $3.18 $2.20 $4.74 $4.62 $2.93 $5.35 $2.76 $3.77
Weighted Average Basic Shares Outstanding		 3.03M 2.97M 2.94M 2.95M 2.82M 2.77M 2.74M 2.76M 2.75M
Diluted Earnings per Share		 $4.20 $3.18 $2.20 $4.74 $4.62 $2.93 $5.35 $2.76 $3.77
Weighted Average Diluted Shares Outstanding		 3.03M 2.97M 2.94M 2.95M 2.82M 2.77M 2.74M 2.76M 2.75M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 2.84M 2.77M 2.75M 2.72M 2.79M 2.73M

Annual Cash Flow Statements for Diamond Hill Investment Group

This table details how cash moves in and out of Diamond Hill Investment Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 5.30 -18 -17 -16 -5.37
Net Cash From Operating Activities		 60 26 39 35 17
Net Cash From Continuing Operating Activities		 60 26 39 35 17
Net Income / (Loss) Continuing Operations		 38 76 37 43 43
Consolidated Net Income / (Loss)		 38 76 37 43 43
Depreciation Expense		 0.99 1.28 1.38 1.29 1.22
Non-Cash Adjustments to Reconcile Net Income		 4.73 -12 28 -4.84 3.74
Changes in Operating Assets and Liabilities, net		 16 -38 -27 -4.86 -32
Net Cash From Investing Activities		 8.41 27 6.03 -4.21 31
Net Cash From Continuing Investing Activities		 8.41 27 6.03 -4.21 31
Purchase of Property, Leasehold Improvements and Equipment		 -2.45 -1.10 -0.10 -0.02 -1.36
Purchase of Investment Securities		 -15 -21 -7.61 -19 -15
Sale and/or Maturity of Investments		 26 50 14 15 47
Net Cash From Financing Activities		 -63 -72 -63 -47 -52
Net Cash From Continuing Financing Activities		 -63 -72 -63 -47 -52
Repurchase of Common Equity		 -19 -7.82 -39 -35 -30
Payment of Dividends		 -38 -73 -31 -18 -17
Other Financing Activities, Net		 -6.26 9.28 6.55 5.63 -5.70
Cash Income Taxes Paid		 8.42 26 21 13 14

Quarterly Cash Flow Statements for Diamond Hill Investment Group

This table details how cash moves in and out of Diamond Hill Investment Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 4.69 0.01 -23 -1.68 7.08 1.25 -29 5.86 10 7.91 -16
Net Cash From Operating Activities		 16 23 -14 12 14 23 -12 19 19 -8.84 -11
Net Cash From Continuing Operating Activities		 16 23 -14 12 14 23 -12 19 19 -8.84 -11
Net Income / (Loss) Continuing Operations		 10 17 14 10 5.20 14 13 8.13 15 7.39 10
Consolidated Net Income / (Loss)		 10 17 14 10 5.20 14 13 8.13 15 7.39 10
Depreciation Expense		 0.33 0.33 0.33 0.33 0.32 0.32 0.32 0.32 0.30 0.29 0.22
Non-Cash Adjustments to Reconcile Net Income		 4.78 -7.92 -4.03 -2.17 8.99 -7.63 -5.13 4.43 -5.93 10 2.97
Changes in Operating Assets and Liabilities, net		 0.24 14 -24 3.57 -0.99 17 -20 6.33 9.51 -27 -24
Net Cash From Investing Activities		 6.99 -2.43 -0.89 -0.54 -0.42 -2.36 1.11 -0.54 -0.84 31 1.76
Net Cash From Continuing Investing Activities		 6.99 -2.43 -0.89 -0.54 -0.42 -2.36 1.11 -0.54 -0.84 31 1.76
Purchase of Property, Leasehold Improvements and Equipment		 0.00 -0.08 -0.01 -0.01 - - -0.13 -0.01 -0.27 -0.96 -0.54
Purchase of Investment Securities		 -2.19 -2.44 -5.29 -0.53 -0.80 -13 -3.46 -5.26 -1.73 -4.67 -2.72
Sale and/or Maturity of Investments		 9.17 0.09 4.42 0.00 0.37 10 4.70 4.73 1.15 36 5.02
Net Cash From Financing Activities		 -18 -21 -8.19 -13 -6.01 -19 -18 -13 -7.41 -14 -7.51
Net Cash From Continuing Financing Activities		 -18 -21 -8.19 -13 -6.01 -19 -18 -13 -7.41 -14 -7.51
Repurchase of Common Equity		 -14 -3.06 -4.57 -10 -4.70 -15 -13 -5.21 -3.34 -8.54 -3.61
Payment of Dividends		 -4.59 -17 -4.58 -4.43 -4.41 -4.26 -4.23 -4.15 -4.09 -4.06 -4.18
Other Financing Activities, Net		 0.53 -1.22 0.95 1.69 3.10 -0.12 -0.83 -3.45 0.02 -1.43 0.28
Cash Income Taxes Paid		 5.41 4.42 0.02 6.23 3.71 2.91 0.34 6.08 4.89 2.79 0.24

Annual Balance Sheets for Diamond Hill Investment Group

This table presents Diamond Hill Investment Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 263 286 250 232 245
Cash and Due from Banks		 98 81 63 47 42
Trading Account Securities		 128 167 146 148 160
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 6.74 6.10 4.35 2.59 8.38
Other Assets		 29 33 37 35 35
Total Liabilities & Shareholders' Equity		 263 286 250 232 245
Total Liabilities		 70 84 72 72 83
Other Short-Term Payables		 8.00 8.59 9.18 5.42 5.60
Other Long-Term Liabilities		 62 75 63 66 77
Redeemable Noncontrolling Interest		 9.37 18 14 0.00 0.25
Total Equity & Noncontrolling Interests		 184 184 164 160 162
Total Preferred & Common Equity		 184 184 164 160 162
Preferred Stock		 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 184 184 164 160 162
Common Stock		 81 80 52 22 28
Retained Earnings		 118 119 129 154 150
Other Equity Adjustments		 -15 -15 -17 -15 -16

Quarterly Balance Sheets for Diamond Hill Investment Group

This table presents Diamond Hill Investment Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 244 235 241 254 209 213 241 224
Cash and Due from Banks		 63 40 39 46 18 23 34 25
Trading Account Securities		 136 155 163 165 155 154 163 159
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 4.72 3.91 3.47 3.03 2.28 1.84 7.76 8.66
Other Assets		 40 35 35 41 34 34 36 32
Total Liabilities & Shareholders' Equity		 244 235 241 254 209 213 241 224
Total Liabilities		 65 48 54 65 51 57 74 55
Other Short-Term Payables		 12 8.36 7.43 12 5.61 5.27 6.34 5.84
Other Long-Term Liabilities		 52 40 47 53 45 51 68 50
Redeemable Noncontrolling Interest		 12 17 23 25 0.00 - - 0.40
Total Equity & Noncontrolling Interests		 167 169 164 164 158 157 166 169
Total Preferred & Common Equity		 167 169 164 164 158 157 166 169
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 167 169 164 164 158 157 166 169
Common Stock		 56 56 43 38 19 11 30 48
Retained Earnings		 131 137 142 144 162 166 155 152
Other Equity Adjustments		 -20 -24 -21 -18 -23 -21 -19 -31

Annual Metrics And Ratios for Diamond Hill Investment Group

This table displays calculated financial ratios and metrics derived from Diamond Hill Investment Group's official financial filings.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - -
Revenue Growth		 -20.44% 49.34% -32.36% 18.97% 4.02%
EBITDA Growth		 -33.28% 90.16% -54.93% 31.51% 0.62%
EBIT Growth		 -33.55% 91.32% -55.73% 32.69% 0.74%
NOPAT Growth		 -36.13% 98.06% -51.22% 16.86% 0.21%
Net Income Growth		 -36.13% 98.06% -51.22% 16.86% 0.21%
EPS Growth		 -24.77% 94.02% -44.26% 10.07% 9.36%
Operating Cash Flow Growth		 4.93% -55.98% 50.05% -12.19% -52.12%
Free Cash Flow Firm Growth		 -53.37% 29.21% -8.39% -1.12% -32.42%
Invested Capital Growth		 -6.56% 4.51% -12.06% -9.83% 1.40%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -1.19%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 2.55%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 2.65%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -12.59%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -12.59%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -11.22%
Operating Cash Flow Q/Q Growth		 8.49% -28.67% 45.24% -0.72% -65.76%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -2.36%
Profitability Metrics		 - - - - -
EBITDA Margin		 39.95% 50.86% 33.89% 37.47% 36.24%
EBIT Margin		 39.20% 50.22% 32.87% 36.66% 35.50%
Profit (Net Income) Margin		 28.70% 38.07% 27.45% 26.96% 25.98%
Tax Burden Percent		 73.22% 74.37% 72.35% 73.56% 73.17%
Interest Burden Percent		 100.00% 101.92% 115.43% 100.00% 100.00%
Effective Tax Rate		 26.78% 25.63% 27.65% 26.44% 26.83%
Return on Invested Capital (ROIC)		 19.06% 38.21% 19.41% 25.49% 26.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 25.84% 33.80% 32.24% 35.83% 25.35%
Operating Return on Assets (OROA)		 19.46% 36.31% 16.47% 24.31% 24.73%
Return on Assets (ROA)		 14.25% 27.52% 13.76% 17.88% 18.10%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 20.73% 40.99% 22.53% 26.88% 26.60%
Net Operating Profit after Tax (NOPAT)		 38 76 37 43 43
NOPAT Margin		 28.70% 38.07% 27.45% 26.96% 25.98%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 50.02% 40.92% 54.55% 51.95% 52.27%
Operating Expenses to Revenue		 60.80% 49.78% 67.13% 63.34% 64.50%
Earnings before Interest and Taxes (EBIT)		 52 100 44 59 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 53 101 46 60 60
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 2.07 3.00 3.17 2.86 2.60
Price to Tangible Book Value (P/TBV)		 2.07 3.00 3.17 2.86 2.60
Price to Revenue (P/Rev)		 2.86 2.78 3.86 2.87 2.54
Price to Earnings (P/E)		 9.85 7.45 12.82 10.87 9.78
Dividend Yield		 9.97% 12.62% 3.49% 3.76% 3.87%
Earnings Yield		 10.15% 13.42% 7.80% 9.20% 10.23%
Enterprise Value to Invested Capital (EV/IC)		 1.51 2.42 2.64 2.57 2.34
Enterprise Value to Revenue (EV/Rev)		 2.19 2.47 3.49 2.58 2.29
Enterprise Value to EBITDA (EV/EBITDA)		 5.49 4.85 10.31 6.88 6.32
Enterprise Value to EBIT (EV/EBIT)		 5.60 4.92 10.63 7.03 6.45
Enterprise Value to NOPAT (EV/NOPAT)		 7.64 6.48 12.73 9.56 8.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.88 18.63 11.88 11.88 22.95
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.64 7.33 7.66 6.80 9.30
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 1.34 1.39 1.41 1.43 1.48
Compound Leverage Factor		 1.34 1.42 1.63 1.43 1.48
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 4.84% 8.78% 7.95% 0.00% 0.15%
Common Equity to Total Capital		 95.16% 91.22% 92.05% 100.00% 99.85%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 5.88% 6.86% 8.39% 4.18% 0.08%
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 52 67 61 61 41
Operating Cash Flow to CapEx		 2,439.27% 2,381.24% 38,916.78% 159,728.74% 1,217.42%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.50 0.72 0.50 0.66 0.70
Fixed Asset Turnover		 21.32 30.93 25.71 46.05 30.30
Capital & Investment Metrics		 - - - - -
Invested Capital		 193 202 178 160 163
Invested Capital Turnover		 0.66 1.00 0.71 0.95 1.03
Increase / (Decrease) in Invested Capital		 -14 8.73 -24 -17 2.25
Enterprise Value (EV)		 292 490 469 412 381
Market Capitalization		 381 553 518 459 422
Book Value per Share		 $58.19 $58.15 $54.27 $55.70 $59.62
Tangible Book Value per Share		 $58.19 $58.15 $54.27 $55.70 $59.62
Total Capital		 193 202 178 160 163
Total Debt		 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00
Net Debt		 -98 -81 -63 -47 -42
Capital Expenditures (CapEx)		 2.45 1.10 0.10 0.02 1.36
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 0.99 1.28 1.38 1.29 1.22
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $23.34 $13.01 $14.32 $15.66
Adjusted Weighted Average Basic Shares Outstanding		 3.16M 3.18M 3.11M 2.95M 2.76M
Adjusted Diluted Earnings per Share		 $0.00 $23.34 $13.01 $14.32 $15.66
Adjusted Weighted Average Diluted Shares Outstanding		 3.16M 3.18M 3.11M 2.95M 2.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.16M 3.22M 3.05M 2.84M 2.79M
Normalized Net Operating Profit after Tax (NOPAT)		 38 76 37 43 43
Normalized NOPAT Margin		 28.70% 38.07% 27.45% 26.96% 25.98%
Pre Tax Income Margin		 39.20% 51.18% 37.94% 36.66% 35.50%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 99.51% 96.52% 83.26% 41.03% 38.29%
Augmented Payout Ratio		 148.37% 106.87% 188.29% 121.38% 108.33%

Quarterly Metrics And Ratios for Diamond Hill Investment Group

This table displays calculated financial ratios and metrics derived from Diamond Hill Investment Group's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 6.78% 7.96% 9.74% -3.51% 2.26%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% -23.49% 45.40% -17.08% 5.39% 54.08%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% -24.12% 47.42% -17.34% 5.55% 57.34%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -24.59% 44.33% -9.59% -45.70% 56.20%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% -7.71% -20.09% 181.59% -45.70% -20.31%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 10.00% -7.86% 143.18% -41.77% -18.40%
Operating Cash Flow Growth		 -0.75% -15.90% -14.05% -1.08% 10.82% 61.46% 37.04% -138.38% 12.66%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -103.25%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% -15.16% -16.15% -11.87% 1.40% 6.74%
Revenue Q/Q Growth		 0.00% -1.88% 6.61% 60.02% 0.00% -0.79% 8.36% 40.69% -32.39%
EBITDA Q/Q Growth		 0.00% -28.01% 56.27% 119.29% 0.00% 36.81% -10.88% 178.71% -54.66%
EBIT Q/Q Growth		 0.00% -28.84% 58.76% 122.36% 0.00% 38.24% -10.98% 183.95% -54.97%
NOPAT Q/Q Growth		 0.00% -30.59% 47.82% 63.57% 0.00% 32.85% -7.40% -1.76% 29.25%
Net Income Q/Q Growth		 0.00% -27.90% -48.86% 161.76% 0.00% -37.57% 80.22% -49.53% 40.33%
EPS Q/Q Growth		 0.00% -24.29% -30.82% 115.45% 0.00% -36.58% 82.59% -48.41% 36.59%
Operating Cash Flow Q/Q Growth		 -159.17% 186.32% 13.64% 70.44% -153.35% 256.28% -3.55% -147.73% -21.41%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 11.23% -21.78% -82.81% -121.75%
Invested Capital Q/Q Growth		 0.00% 0.06% 1.19% -15.14% 0.00% -1.11% 6.36% -2.36% 3.93%
Profitability Metrics		 - - - - - - - - -
EBITDA Margin		 33.15% 24.33% 35.66% 48.87% 23.76% 32.76% 26.94% 53.38% 35.79%
EBIT Margin		 32.19% 23.35% 34.77% 48.31% 22.88% 31.88% 26.19% 52.85% 35.20%
Profit (Net Income) Margin		 41.49% 30.49% 14.63% 23.93% 35.86% 22.57% 37.53% 13.47% 27.95%
Tax Burden Percent		 74.13% 72.31% 67.33% 76.63% 73.67% 70.79% 73.64% 74.08% 73.13%
Interest Burden Percent		 173.87% 180.61% 62.49% 64.63% 212.80% 100.00% 194.63% 34.39% 108.57%
Effective Tax Rate		 25.87% 27.69% 32.67% 23.37% 26.33% 29.21% 26.36% 25.92% 26.87%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 23.85% 15.84% 21.67% 18.25% 13.86% 26.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 37.78% 0.00% 0.00% 0.00% 25.35% 18.25%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 32.04% 16.72% 23.15% 17.79% 36.82% 27.12%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 15.87% 26.21% 16.39% 25.50% 9.38% 21.54%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 26.53% 25.52% 29.67% 0.00% 24.05%
Net Operating Profit after Tax (NOPAT)		 8.11 5.63 8.32 14 6.12 8.13 7.52 7.39 9.55
NOPAT Margin		 23.86% 16.88% 23.41% 23.93% 16.85% 22.57% 19.28% 13.47% 25.74%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.19% 63.28% 52.16% 43.25% 63.44% 53.75% 60.49% 38.06% 51.34%
Operating Expenses to Revenue		 67.81% 76.65% 65.23% 51.69% 77.12% 68.12% 73.81% 47.15% 64.80%
Earnings before Interest and Taxes (EBIT)		 11 7.79 12 27 8.30 11 10 29 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 8.11 13 28 8.62 12 11 29 13
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 2.83 2.99 2.92 2.86 2.74 2.49 2.67 2.60 2.36
Price to Tangible Book Value (P/TBV)		 2.83 2.99 2.92 2.86 2.74 2.49 2.67 2.60 2.36
Price to Revenue (P/Rev)		 0.00 0.00 0.00 2.87 2.68 2.37 2.64 2.54 2.38
Price to Earnings (P/E)		 0.00 0.00 0.00 10.87 10.20 9.47 9.00 9.78 9.83
Dividend Yield		 3.82% 3.64% 3.70% 3.76% 3.93% 4.26% 3.71% 3.87% 4.20%
Earnings Yield		 0.00% 0.00% 0.00% 9.20% 9.80% 10.56% 11.11% 10.23% 10.18%
Enterprise Value to Invested Capital (EV/IC)		 2.45 2.54 2.42 2.57 2.63 2.34 2.47 2.34 2.21
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 2.58 2.57 2.23 2.44 2.29 2.24
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 6.88 7.28 6.02 7.00 6.32 5.75
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 7.03 7.44 6.15 7.15 6.45 5.86
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 9.56 9.92 9.18 8.32 8.82 9.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.59 12.77 13.09 11.88 11.52 8.44 8.48 22.95 20.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.30 12.51
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 1.27 1.30 1.35 1.43 1.29 1.32 1.39 1.48 1.32
Compound Leverage Factor		 2.21 2.34 0.85 0.92 2.74 1.32 2.71 0.51 1.44
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 9.29% 12.18% 13.41% 0.00% 0.00% 0.00% 0.00% 0.15% 0.24%
Common Equity to Total Capital		 90.71% 87.82% 86.59% 100.00% 100.00% 100.00% 100.00% 99.85% 99.76%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 4.18% 5.03% 6.63% 7.13% 0.08% 0.12%
Liquidity Ratios		 - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 34 38 30 5.15 -1.12
Operating Cash Flow to CapEx		 -99,311.09% 151,932.20% 0.00% 0.00% -9,212.65% 295,473.06% 6,950.72% -923.77% -1,979.85%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.66 0.73 0.73 0.68 0.70 0.77
Fixed Asset Turnover		 0.00 0.00 0.00 46.05 52.34 61.99 31.19 30.30 30.54
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 187 187 189 160 158 157 166 163 169
Invested Capital Turnover		 0.00 0.00 0.00 1.00 0.94 0.96 0.95 1.03 1.02
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 -28 -30 -22 2.25 11
Enterprise Value (EV)		 456 474 457 412 416 367 411 381 373
Market Capitalization		 479 490 478 459 434 390 445 422 398
Book Value per Share		 $55.43 $55.19 $55.55 $55.70 $55.66 $56.45 $60.52 $59.62 $60.47
Tangible Book Value per Share		 $55.43 $55.19 $55.55 $55.70 $55.66 $56.45 $60.52 $59.62 $60.47
Total Capital		 187 187 189 160 158 157 166 163 169
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -40 -39 -46 -47 -18 -23 -34 -42 -25
Capital Expenditures (CapEx)		 0.01 0.01 0.00 0.00 0.13 0.01 0.27 0.96 0.54
Net Nonoperating Expense (NNE)		 -5.99 -4.54 3.12 0.00 -6.90 0.00 -7.12 0.00 -0.82
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 0.33 0.33 0.32 0.32 0.32 0.32 0.30 0.29 0.22
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $4.74 $4.62 $2.93 $5.35 $2.76 $3.77
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 2.95M 2.82M 2.77M 2.74M 2.76M 2.75M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $4.74 $4.62 $2.93 $5.35 $2.76 $3.77
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 2.95M 2.82M 2.77M 2.74M 2.76M 2.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 2.84M 2.77M 2.75M 2.72M 2.79M 2.73M
Normalized Net Operating Profit after Tax (NOPAT)		 8.11 5.63 8.32 14 6.12 8.13 7.52 7.39 9.55
Normalized NOPAT Margin		 23.86% 16.88% 23.41% 23.93% 16.85% 22.57% 19.28% 13.47% 25.74%
Pre Tax Income Margin		 55.97% 42.17% 21.73% 31.22% 48.68% 31.88% 50.97% 18.18% 38.21%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 41.03% 41.26% 42.67% 33.87% 38.29% 40.66%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 121.38% 144.13% 138.07% 108.27% 108.33% 91.73%

Financials Breakdown Chart

Key Financial Trends

Diamond Hill Investment Group (NASDAQ:DHIL) has shown several financial trends over the past four years based on its quarterly income statements, cash flow statements, and balance sheets.

  • Net income has generally increased year-over-year, with Q1 2025 net income at $10.4 million compared to $14.1 million in Q1 2024, and showing strong profitability across quarters.
  • Earnings per share (diluted) rose to $3.77 in Q1 2025 compared to $4.62 in Q1 2024, maintaining solid returns to shareholders.
  • Operating cash flow remains strong in recent quarters, with Q1 2025 showing net cash from operating activities at -$10.7 million, consistent with investment and financing activities, reflecting ongoing investment and share repurchases.
  • The Company consistently invests in property, equipment, and securities, supporting potential future growth, with recent quarterly capital expenditures ranging between $130K and $950K.
  • Diamond Hill continues to return capital to shareholders via dividends and repurchases, evidenced by consistent dividend payments (~$4.2M in Q1 2025) and share repurchases (~$3.6M in Q1 2025), which support shareholder value.
  • Total assets have remained relatively stable around $210M to $240M over the last several quarters, indicating controlled asset growth with a balanced capital structure (equity above $158M consistently).
  • The company shows zero net interest income/expense in many quarters, reflecting a business model not reliant on traditional lending or borrowing activities, which is typical for an investment management firm.
  • Non-operating income (net) has fluctuated but generally contributes positively to pre-tax income, with Q1 2025 showing $1.1 million, helping to boost earnings.
  • Operating cash flows have been negative in some recent quarters (including Q1 2025: -$10.7 million), driven by changes in operating assets and liabilities, which could pressure short-term liquidity.
  • There has been variability and an overall increase in marketing and salaries expenses, with salaries and employee benefits expense growing from around $17 million to over $21 million over 2023-2025, which may impact margins if revenue growth does not keep pace.

Overall, Diamond Hill Investment Group demonstrates financial stability with steady profitability, disciplined capital allocation to shareholders, and controlled asset growth. The firm's non-reliance on net interest income aligns with its investment management focus. Investors should watch for operating cash flow variability and expense trends that could affect future profitability.

10/10/25 10:36 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Diamond Hill Investment Group's Financials

When does Diamond Hill Investment Group's financial year end?

According to the most recent income statement we have on file, Diamond Hill Investment Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Diamond Hill Investment Group's net income changed over the last 4 years?

Diamond Hill Investment Group's net income appears to be on a downward trend, with a most recent value of $43.18 million in 2024, rising from $38.17 million in 2020. The previous period was $43.09 million in 2023. Find out what analysts predict for Diamond Hill Investment Group in the coming months.

How has Diamond Hill Investment Group's revenue changed over the last 4 years?

Over the last 4 years, Diamond Hill Investment Group's total revenue changed from $132.97 million in 2020 to $166.21 million in 2024, a change of 25.0%.

How much debt does Diamond Hill Investment Group have?

Diamond Hill Investment Group's total liabilities were at $82.56 million at the end of 2024, a 15.0% increase from 2023, and a 18.6% increase since 2020.

How much cash does Diamond Hill Investment Group have?

In the past 4 years, Diamond Hill Investment Group's cash and equivalents has ranged from $41.62 million in 2024 to $98.48 million in 2020, and is currently $41.62 million as of their latest financial filing in 2024.

How has Diamond Hill Investment Group's book value per share changed over the last 4 years?

Over the last 4 years, Diamond Hill Investment Group's book value per share changed from 58.19 in 2020 to 59.62 in 2024, a change of 2.5%.


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This page (NASDAQ:DHIL) was last updated on 10/10/2025 by MarketBeat.com Staff
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