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Federated Hermes (FHI) Financials

Federated Hermes logo
$51.68 +0.31 (+0.61%)
Closing price 03:59 PM Eastern
Extended Trading
$51.73 +0.05 (+0.09%)
As of 06:17 PM Eastern
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Annual Income Statements for Federated Hermes

Annual Income Statements for Federated Hermes

This table shows Federated Hermes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 170 209 291 220 272 326 270 239 299 268
Consolidated Net Income / (Loss)		 172 222 295 222 277 336 272 235 305 268
Net Income / (Loss) Continuing Operations		 172 222 295 222 277 336 272 235 305 268
Total Pre-Tax Income 		275 341 352 296 365 446 376 306 411 382
Total Revenue		 927 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 927 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632
Other Non-Interest Income		 - 1,143 1,103 1,136 1,327 1,448 1,300 1,446 1,610 1,632
Total Non-Interest Expense		 647 808 761 805 979 1,030 934 1,109 1,222 1,271
Salaries and Employee Benefits		 287 296 289 355 442 503 532 513 563 540
Net Occupancy & Equipment Expense		 54 59 61 75 98 104 120 121 129 132
Marketing Expense		 27 28 24 32 34 20 27 33 38 39
Other Operating Expenses		 279 425 387 344 404 403 255 442 491 558
Nonoperating Income / (Expense), net		 -4.54 5.25 10 -34 17 28 10 -31 24 20
Income Tax Expense		 103 119 57 74 88 110 104 72 107 113
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.18 13 3.56 2.00 4.79 9.66 2.02 -4.93 5.80 0.12
Basic Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.25 $2.77 $2.65 $3.40 $3.23
Weighted Average Basic Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M
Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.23 $2.75 $2.65 $3.40 $3.23
Weighted Average Diluted Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M
Weighted Average Basic & Diluted Shares Outstanding		 100.48M 99.12M 97.41M 101.10M 101.20M 99.06M 92.02M 89.28M 84.45M 81.31M
Cash Dividends to Common per Share		 $1.00 $2.00 $1.00 $1.06 $1.08 $2.08 $1.08 $1.08 $1.11 $2.21

Quarterly Income Statements for Federated Hermes

This table shows Federated Hermes' income and expenses over time, based on quarterly financial data. 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 Income / (Loss) Attributable to Common Shareholders		 69 56 70 72 75 82 75 21 88 85 101
Consolidated Net Income / (Loss)		 68 62 71 73 74 86 75 19 90 84 104
Net Income / (Loss) Continuing Operations		 68 62 71 73 74 86 75 19 90 84 104
Total Pre-Tax Income 		89 75 92 101 101 117 104 43 123 112 136
Total Revenue		 381 374 382 433 403 391 396 403 408 425 424
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 381 374 382 433 403 391 396 403 408 425 424
Other Non-Interest Income		 381 - 382 433 - - 396 403 - - 424
Total Non-Interest Expense		 284 310 297 335 301 289 298 362 297 314 292
Salaries and Employee Benefits		 127 124 137 160 139 128 137 131 136 137 143
Net Occupancy & Equipment Expense		 30 31 33 33 32 31 32 33 34 34 34
Marketing Expense		 9.92 11 7.57 8.94 7.89 14 7.58 10 9.60 12 8.13
Other Operating Expenses		 118 144 120 133 122 116 122 188 118 131 106
Nonoperating Income / (Expense), net		 -7.57 11 7.31 2.16 -0.42 15 5.44 1.94 11 1.91 4.27
Income Tax Expense		 22 14 21 28 27 31 29 23 32 28 32
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.91 5.14 1.87 0.83 -0.76 3.87 -0.02 -1.80 2.80 -0.86 2.74
Basic Earnings per Share		 $0.78 $0.62 $0.78 $0.81 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25
Weighted Average Basic Shares Outstanding		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Diluted Earnings per Share		 $0.78 $0.62 $0.78 $0.81 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25
Weighted Average Diluted Shares Outstanding		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Weighted Average Basic & Diluted Shares Outstanding		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Cash Dividends to Common per Share		 $0.27 $0.27 $0.27 $0.28 $0.28 $0.28 $0.28 $1.31 $0.31 $0.31 $0.31

Annual Cash Flow Statements for Federated Hermes

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 57 -68 211 -159 92 59 -71 103 46 121
Net Cash From Operating Activities		 233 266 387 206 335 373 170 324 312 347
Net Cash From Continuing Operating Activities		 233 266 387 206 335 373 170 324 312 347
Net Income / (Loss) Continuing Operations		 172 222 295 222 277 336 272 235 305 268
Consolidated Net Income / (Loss)		 172 222 295 222 277 336 272 235 305 268
Depreciation Expense		 9.54 9.58 11 17 28 30 30 28 27 22
Non-Cash Adjustments to Reconcile Net Income		 22 27 89 62 5.96 20 -120 57 -7.65 38
Changes in Operating Assets and Liabilities, net		 15 -4.08 -15 -98 24 -12 -12 4.06 -12 18
Net Cash From Investing Activities		 -5.73 -21 1.00 -174 -95 -25 11 -32 -31 64
Net Cash From Continuing Investing Activities		 -5.73 -21 1.00 -174 -95 -25 11 -32 -31 64
Purchase of Property, Leasehold Improvements and Equipment		 -6.03 -13 -9.80 -17 -15 -14 -10 -4.37 -7.92 -4.02
Purchase of Investment Securities		 -5.46 -24 -10 -178 -161 -23 -15 -51 -58 -48
Sale and/or Maturity of Investments		 5.76 16 21 20 81 11 36 23 35 120
Other Investing Activities, net		 - - 0.00 0.21 - - - 0.00 0.00 -4.10
Net Cash From Financing Activities		 -170 -312 -177 -186 -153 -295 -249 -169 -243 -286
Net Cash From Continuing Financing Activities		 -170 -312 -177 -186 -153 -295 -249 -169 -243 -286
Issuance of Debt		 - 0.00 0.00 88 8.80 100 296 488 0.00 0.00
Repayment of Debt		 -26 -26 -21 -123 -44 -125 -147 -362 0.00 0.00
Repurchase of Common Equity		 -54 -82 -49 -29 -16 -67 -228 -218 -177 -138
Payment of Dividends		 -105 -205 -102 -107 -113 -224 -111 -124 -138 -216
Other Financing Activities, Net		 12 -1.06 -6.82 -16 11 21 -59 47 72 67
Effect of Exchange Rate Changes		 - 0.00 0.00 -5.11 4.51 5.84 -2.31 -20 7.87 -3.80
Cash Interest Paid		 3.99 3.49 4.11 5.32 4.61 2.39 1.13 7.18 12 12
Cash Income Taxes Paid		 77 105 118 62 73 99 92 86 109 126

Quarterly Cash Flow Statements for Federated Hermes

This table details how cash moves in and out of Federated Hermes' 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		 55 33 -13 19 34 5.72 -23 -53 68 129 -120
Net Cash From Operating Activities		 112 132 5.42 71 106 130 14 89 117 127 14
Net Cash From Continuing Operating Activities		 112 132 5.42 71 106 130 14 89 117 127 14
Net Income / (Loss) Continuing Operations		 68 62 71 73 74 86 75 19 90 84 104
Consolidated Net Income / (Loss)		 68 62 71 73 74 86 75 19 90 84 104
Depreciation Expense		 6.77 6.89 8.02 6.70 6.09 6.02 5.63 5.53 5.71 5.56 5.42
Non-Cash Adjustments to Reconcile Net Income		 28 23 -5.47 -1.77 -4.55 4.14 13 53 -21 -6.52 -4.46
Changes in Operating Assets and Liabilities, net		 9.74 41 -69 -6.79 30 33 -80 11 42 44 -91
Net Cash From Investing Activities		 -1.41 -31 1.84 5.41 1.32 -39 28 3.58 -8.31 41 -1.53
Net Cash From Continuing Investing Activities		 -1.41 -31 1.84 5.41 1.32 -39 28 3.58 -8.31 41 -1.53
Purchase of Property, Leasehold Improvements and Equipment		 -1.21 -0.28 -0.74 -2.98 -2.08 -2.11 -0.57 -5.98 3.03 -0.51 -0.97
Purchase of Investment Securities		 -14 -32 -1.58 -9.66 -2.36 -44 -26 -2.89 -16 -2.46 -1.76
Sale and/or Maturity of Investments		 13 1.38 4.16 18 5.75 7.34 54 12 9.21 44 1.23
Other Investing Activities, net		 - - - - - - - - - - -0.03
Net Cash From Financing Activities		 -43 -79 -22 -61 -68 -91 -64 -145 -52 -26 -138
Net Cash From Continuing Financing Activities		 -43 -79 -22 -61 -68 -91 -64 -145 -52 -26 -138
Repurchase of Common Equity		 -6.61 -6.93 -6.56 -41 -64 -65 -39 -46 -29 -23 -120
Payment of Dividends		 -41 -28 -27 -40 -40 -32 -27 -115 -36 -38 -34
Other Financing Activities, Net		 4.35 6.35 12 20 35 5.09 2.64 16 13 35 16
Effect of Exchange Rate Changes		 -12 9.81 2.05 3.60 -4.53 6.75 -1.41 0.08 10 -13 5.27

Annual Balance Sheets for Federated Hermes

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,187 1,155 1,231 1,544 1,880 2,061 2,018 2,020 2,102 2,085
Cash and Due from Banks		 173 105 316 157 249 302 233 337 383 504
Trading Account Securities		 149 138 - - - - - 185 177 137
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 36 39 38 53 52 53 47 36 31 26
Goodwill		 659 659 660 810 775 800 799 800 807 805
Intangible Assets		 75 74 77 340 446 482 471 409 409 328
Other Assets		 96 140 141 184 358 424 468 253 294 285
Total Liabilities & Shareholders' Equity		 1,187 1,155 1,231 1,544 1,880 2,061 2,018 2,020 2,102 2,085
Total Liabilities		 529 528 440 504 627 687 841 913 948 934
Other Short-Term Payables		 134 137 129 181 231 265 271 257 287 289
Long-Term Debt		 191 166 - - - - 223 348 348 348
Other Long-Term Liabilities		 179 200 141 188 296 346 347 308 313 297
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 8.73 31 30 183 212 237 63 62 26 56
Total Equity & Noncontrolling Interests		 649 596 761 857 1,041 1,137 1,114 1,046 1,128 1,095
Total Preferred & Common Equity		 648 595 761 857 1,041 1,137 1,114 1,046 1,128 1,095
Total Common Equity		 658 596 761 857 1,041 1,137 1,114 1,046 1,128 1,095
Common Stock		 299 321 343 367 392 419 449 441 475 504
Retained Earnings		 546 530 697 792 930 1,028 1,187 1,016 1,195 1,257
Treasury Stock		 -192 -255 -279 -287 -281 -325 -538 -365 -521 -633
Accumulated Other Comprehensive Income / (Loss)		 4.61 0.52 -0.79 -15 -0.25 15 16 -46 -20 -32

Quarterly Balance Sheets for Federated Hermes

This table presents Federated Hermes' 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		 1,973 1,999 2,060 2,080 2,087 1,912 2,038 2,002
Cash and Due from Banks		 305 324 343 377 360 307 375 388
Trading Account Securities		 33 - 178 177 199 145 190 154
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		 38 33 31 31 29 32 28 24
Goodwill		 775 803 807 802 806 806 814 809
Intangible Assets		 407 411 415 402 404 336 343 330
Other Assets		 416 429 286 291 290 285 289 297
Total Liabilities & Shareholders' Equity		 1,973 1,999 2,060 2,080 2,087 1,912 2,038 2,002
Total Liabilities		 947 853 868 910 866 864 901 859
Accrued Interest Payable		 - 22 - - 24 - - 30
Other Short-Term Payables		 239 190 234 256 189 223 263 193
Long-Term Debt		 398 348 348 348 348 348 348 348
Other Long-Term Liabilities		 310 293 286 306 306 293 289 288
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 55 40 58 71 73 30 53 67
Total Equity & Noncontrolling Interests		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076
Total Preferred & Common Equity		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076
Total Common Equity		 971 1,107 1,134 1,100 1,147 1,017 1,084 1,076
Common Stock		 434 452 461 468 485 491 498 515
Retained Earnings		 1,002 1,051 1,098 1,148 1,235 1,146 1,208 1,320
Treasury Stock		 -377 -360 -404 -473 -548 -596 -623 -742
Accumulated Other Comprehensive Income / (Loss)		 -87 -36 -22 -43 -25 -25 0.89 -17

Annual Metrics And Ratios for Federated Hermes

This table displays calculated financial ratios and metrics derived from Federated Hermes' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.84% 23.39% -3.54% 2.97% 16.84% 9.15% -10.21% 11.18% 11.33% 1.40%
EBITDA Growth		 16.33% 17.50% 0.82% -2.73% 7.31% 19.19% -11.56% -7.92% 13.57% -7.36%
EBIT Growth		 17.44% 20.12% 1.74% -3.29% 5.34% 20.18% -12.41% -8.05% 15.07% -6.73%
NOPAT Growth		 17.38% 24.75% 31.18% -13.36% 6.48% 19.33% -15.85% -2.67% 11.31% -11.46%
Net Income Growth		 14.79% 28.80% 33.13% -24.62% 24.66% 21.25% -18.96% -13.86% 29.94% -11.93%
EPS Growth		 14.08% 25.31% 41.38% -24.04% 23.39% 20.07% -14.86% -3.64% 28.30% -5.00%
Operating Cash Flow Growth		 21.15% 13.93% 45.81% -46.75% 62.37% 11.44% -54.35% 90.13% -3.74% 11.14%
Free Cash Flow Firm Growth		 2.98% 75.78% -47.79% -75.80% 146.04% 157.39% 42.89% -35.10% 18.11% 7.10%
Invested Capital Growth		 2.20% -6.41% 17.47% 22.18% 15.22% 7.07% -3.34% 3.89% 3.22% -0.21%
Revenue Q/Q Growth		 2.86% 4.22% -1.04% 2.61% 3.98% 0.41% -3.15% 3.75% 1.11% 2.08%
EBITDA Q/Q Growth		 4.97% 2.23% 1.36% -0.06% 4.18% 2.43% -6.23% -6.49% 10.08% 1.96%
EBIT Q/Q Growth		 5.77% 2.42% 1.79% -0.86% 4.45% 2.95% -6.67% -6.87% 11.13% 2.22%
NOPAT Q/Q Growth		 5.77% 3.77% 33.38% -21.80% 4.78% 3.85% -7.57% -5.62% 8.43% 2.72%
Net Income Q/Q Growth		 5.89% 3.78% 33.95% -24.04% 9.25% 5.06% -10.01% -3.84% 8.71% -0.81%
EPS Q/Q Growth		 5.19% 4.64% 35.38% -23.78% 8.03% 4.53% -8.03% -3.28% 10.75% 4.19%
Operating Cash Flow Q/Q Growth		 0.07% 3.58% 34.73% -25.99% 1.52% 1.96% -26.16% 24.14% -0.88% -0.84%
Free Cash Flow Firm Q/Q Growth		 -28.68% 60.34% -46.03% 750.18% -47.40% 86.80% -17.54% -4.17% 41.43% -8.41%
Invested Capital Q/Q Growth		 0.60% -9.91% 12.08% -0.46% 6.57% -0.47% 2.80% 2.22% -1.09% 0.93%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 32.81% 31.24% 32.66% 30.85% 28.33% 30.94% 30.47% 25.24% 25.74% 23.52%
EBIT Margin		 30.16% 29.36% 30.96% 29.08% 26.22% 28.87% 28.17% 23.29% 24.08% 22.15%
Profit (Net Income) Margin		 18.56% 19.37% 26.74% 19.57% 20.89% 23.20% 20.94% 16.22% 18.94% 16.45%
Tax Burden Percent		 62.56% 64.97% 83.78% 75.06% 75.87% 75.33% 72.37% 76.60% 74.10% 70.34%
Interest Burden Percent		 98.38% 101.56% 103.07% 89.67% 104.99% 106.67% 102.74% 90.92% 106.14% 105.57%
Effective Tax Rate		 37.44% 35.03% 16.22% 24.94% 24.13% 24.67% 27.63% 23.40% 25.90% 29.66%
Return on Invested Capital (ROIC)		 20.21% 25.77% 32.15% 23.21% 20.88% 22.48% 18.60% 18.07% 19.42% 16.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.97% 27.44% 37.02% 6.43% 32.08% 46.51% 23.46% 9.86% 24.49% 21.02%
Return on Net Nonoperating Assets (RNNOA)		 6.85% 8.71% 9.43% 1.07% 3.29% 3.10% 2.74% 2.47% 7.53% 6.35%
Return on Equity (ROE)		 27.06% 34.48% 41.58% 24.28% 24.17% 25.58% 21.35% 20.53% 26.95% 23.29%
Cash Return on Invested Capital (CROIC)		 18.03% 32.39% 16.08% 3.24% 6.74% 15.66% 22.00% 14.25% 16.25% 17.15%
Operating Return on Assets (OROA)		 24.01% 28.66% 28.62% 23.80% 20.32% 21.22% 17.96% 16.68% 18.80% 17.27%
Return on Assets (ROA)		 14.78% 18.91% 24.71% 16.02% 16.19% 17.05% 13.35% 11.62% 14.79% 12.82%
Return on Common Equity (ROCE)		 27.06% 33.65% 39.78% 21.46% 20.01% 21.21% 18.84% 19.41% 25.91% 22.47%
Return on Equity Simple (ROE_SIMPLE)		 26.55% 37.24% 38.74% 25.94% 26.61% 29.55% 24.44% 22.43% 27.01% 24.51%
Net Operating Profit after Tax (NOPAT)		 175 218 286 248 264 315 265 258 287 254
NOPAT Margin		 18.87% 19.08% 25.94% 21.83% 19.89% 21.75% 20.38% 17.84% 17.84% 15.58%
Net Nonoperating Expense Percent (NNEP)		 1.24% -1.67% -4.87% 16.79% -11.20% -24.03% -4.86% 8.20% -5.07% -4.07%
SG&A Expenses to Revenue		 39.78% 33.49% 33.93% 40.60% 43.30% 43.33% 52.25% 46.15% 45.42% 43.65%
Operating Expenses to Revenue		 69.84% 70.64% 69.04% 70.92% 73.78% 71.13% 71.83% 76.71% 75.92% 77.85%
Earnings before Interest and Taxes (EBIT)		 279 336 342 330 348 418 366 337 388 361
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 304 357 360 350 376 448 396 365 414 384
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 3.42 3.50 2.37 2.50 2.16 2.89 2.79 2.41 3.05
Price to Tangible Book Value (P/TBV)		 0.00 0.00 109.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.11 1.78 2.41 1.79 1.96 1.70 2.48 2.01 1.69 2.04
Price to Earnings (P/E)		 11.49 9.76 9.14 9.23 9.54 7.53 11.93 12.16 9.08 12.44
Dividend Yield		 5.34% 5.01% 3.79% 5.24% 4.20% 7.32% 3.24% 3.30% 3.53% 5.42%
Earnings Yield		 8.70% 10.24% 10.94% 10.84% 10.48% 13.29% 8.38% 8.22% 11.01% 8.04%
Enterprise Value to Invested Capital (EV/IC)		 2.29 2.64 2.65 1.87 1.97 1.70 2.34 2.05 1.80 2.16
Enterprise Value to Revenue (EV/Rev)		 2.16 1.89 2.31 1.93 2.01 1.70 2.52 2.06 1.68 1.98
Enterprise Value to EBITDA (EV/EBITDA)		 6.59 6.04 7.07 6.26 7.08 5.50 8.27 8.18 6.53 8.43
Enterprise Value to EBIT (EV/EBIT)		 7.17 6.43 7.46 6.64 7.65 5.90 8.95 8.86 6.98 8.95
Enterprise Value to NOPAT (EV/NOPAT)		 11.46 9.89 8.90 8.85 10.09 7.83 12.36 11.57 9.42 12.73
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.59 8.12 6.57 10.63 7.95 6.61 19.23 9.22 8.68 9.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.85 7.87 17.79 63.32 31.23 11.24 10.45 14.67 11.26 12.57
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.33 0.31 0.21 0.13 0.08 0.05 0.19 0.31 0.30 0.30
Long-Term Debt to Equity		 0.29 0.26 0.00 0.00 0.00 0.00 0.19 0.31 0.30 0.30
Financial Leverage		 0.36 0.32 0.25 0.17 0.10 0.07 0.12 0.25 0.31 0.30
Leverage Ratio		 1.83 1.82 1.68 1.52 1.49 1.50 1.60 1.77 1.82 1.82
Compound Leverage Factor		 1.80 1.85 1.73 1.36 1.57 1.60 1.64 1.61 1.93 1.92
Debt to Total Capital		 24.79% 23.37% 17.68% 11.49% 7.39% 5.18% 15.95% 23.89% 23.16% 23.23%
Short-Term Debt to Total Capital		 2.92% 3.12% 17.68% 11.49% 7.39% 5.18% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 21.87% 20.25% 0.00% 0.00% 0.00% 0.00% 15.95% 23.89% 23.16% 23.23%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.00% 3.95% 3.14% 15.54% 15.67% 16.36% 4.51% 4.25% 1.72% 3.70%
Common Equity to Total Capital		 75.27% 72.81% 79.18% 72.97% 76.94% 78.47% 79.54% 71.86% 75.12% 73.07%
Debt to EBITDA		 0.71 0.54 0.47 0.39 0.27 0.17 0.56 0.95 0.84 0.91
Net Debt to EBITDA		 0.15 0.24 -0.41 -0.06 -0.40 -0.51 -0.03 0.03 -0.09 -0.41
Long-Term Debt to EBITDA		 0.63 0.46 0.00 0.00 0.00 0.00 0.56 0.95 0.84 0.91
Debt to NOPAT		 1.24 0.88 0.59 0.54 0.38 0.24 0.84 1.35 1.21 1.37
Net Debt to NOPAT		 0.25 0.40 -0.51 -0.09 -0.57 -0.72 -0.04 0.04 -0.12 -0.61
Long-Term Debt to NOPAT		 1.09 0.76 0.00 0.00 0.00 0.00 0.84 1.35 1.21 1.37
Noncontrolling Interest Sharing Ratio		 0.00% 2.40% 4.33% 11.62% 17.21% 17.09% 11.77% 5.47% 3.88% 3.53%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 156 274 143 35 85 219 313 203 240 257
Operating Cash Flow to CapEx		 3,869.63% 2,069.25% 3,953.21% 1,194.18% 2,226.25% 2,764.75% 1,635.00% 7,409.61% 3,939.75% 8,612.18%
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 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 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 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.80 0.98 0.92 0.82 0.78 0.74 0.64 0.72 0.78 0.78
Fixed Asset Turnover		 24.92 30.48 28.67 24.99 25.29 27.76 26.12 34.96 48.44 58.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 874 818 961 1,175 1,353 1,449 1,401 1,455 1,502 1,499
Invested Capital Turnover		 1.07 1.35 1.24 1.06 1.05 1.03 0.91 1.01 1.09 1.09
Increase / (Decrease) in Invested Capital		 19 -56 143 213 179 96 -48 55 47 -3.11
Enterprise Value (EV)		 2,004 2,158 2,546 2,193 2,662 2,466 3,277 2,985 2,706 3,236
Market Capitalization		 1,951 2,039 2,662 2,033 2,599 2,456 3,224 2,913 2,715 3,337
Book Value per Share		 $6.32 $5.83 $7.54 $8.53 $10.30 $11.44 $11.50 $11.75 $13.08 $13.39
Tangible Book Value per Share		 ($0.73) ($1.34) $0.24 ($2.91) ($1.77) ($1.46) ($1.61) ($1.84) ($1.02) ($0.46)
Total Capital		 874 818 961 1,175 1,353 1,449 1,401 1,455 1,502 1,499
Total Debt		 217 191 170 135 100 75 223 348 348 348
Total Long-Term Debt		 191 166 0.00 0.00 0.00 0.00 223 348 348 348
Net Debt		 44 86 -146 -22 -149 -227 -9.98 11 -35 -156
Capital Expenditures (CapEx)		 6.03 13 9.80 17 15 14 10 4.37 7.92 4.02
Net Nonoperating Expense (NNE)		 2.84 -3.41 -8.79 26 -13 -21 -7.25 23 -18 -14
Net Nonoperating Obligations (NNO)		 217 191 170 135 100 75 223 348 348 348
Total Depreciation and Amortization (D&A)		 25 22 19 20 28 30 30 28 27 22
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.25 $2.77 $2.65 $3.40 $3.23
Adjusted Weighted Average Basic Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M
Adjusted Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $3.23 $2.75 $2.65 $3.40 $3.23
Adjusted Weighted Average Diluted Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M
Adjusted Basic & Diluted Earnings per Share		 $1.62 $2.03 $2.87 $2.18 $2.69 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 103.86M 101.71M 100.99M 100.80M 101.13M 99.06M 92.02M 89.28M 84.45M 81.31M
Normalized Net Operating Profit after Tax (NOPAT)		 175 218 286 248 264 315 265 258 287 254
Normalized NOPAT Margin		 18.87% 19.08% 25.94% 21.83% 19.89% 21.75% 20.38% 17.84% 17.84% 15.58%
Pre Tax Income Margin		 29.67% 29.82% 31.92% 26.08% 27.53% 30.80% 28.94% 21.18% 25.56% 23.38%
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 0.00
NOPAT to Interest Expense		 0.00 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 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 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 60.84% 92.76% 34.42% 48.11% 40.68% 66.66% 40.65% 52.82% 45.30% 80.49%
Augmented Payout Ratio		 92.16% 129.67% 50.92% 61.26% 46.36% 86.52% 124.51% 145.82% 103.39% 131.76%

Quarterly Metrics And Ratios for Federated Hermes

This table displays calculated financial ratios and metrics derived from Federated Hermes' official financial filings.

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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.70% 16.25% 17.68% 18.37% 5.64% 4.71% 3.71% -7.07% 1.44% 8.48% 6.85%
EBITDA Growth		 -2.35% -26.38% 1.94% 5.85% 3.83% 53.73% 11.82% -55.99% 9.24% 6.81% 31.65%
EBIT Growth		 -1.65% -28.03% 1.45% 6.58% 4.80% 60.90% 15.75% -58.62% 10.17% 7.66% 33.67%
NOPAT Growth		 -2.02% -23.83% 3.69% 6.18% 1.73% 43.91% 8.01% -74.31% 10.41% 9.56% 41.54%
Net Income Growth		 -8.05% -13.19% 30.90% 43.82% 9.90% 39.61% 4.96% -73.67% 21.65% -2.55% 38.48%
EPS Growth		 6.85% -12.68% 27.87% 26.56% 10.26% 53.23% 14.10% -75.31% 23.26% 13.68% 40.45%
Operating Cash Flow Growth		 143.49% 90.72% 128.16% -27.96% -5.70% -2.10% 158.87% 24.64% 10.90% -2.26% 1.91%
Free Cash Flow Firm Growth		 -92.72% -101.92% 149.12% -138.27% -266.08% 1,365.92% -104.64% 437.92% 669.34% 201.31% 5,143.78%
Invested Capital Growth		 4.48% 3.89% -0.67% 8.42% 6.67% 3.22% 4.99% -9.36% -2.21% -0.21% -4.91%
Revenue Q/Q Growth		 4.14% -1.90% 2.22% 13.36% -7.06% -2.77% 1.25% 1.57% 1.46% 3.97% -0.27%
EBITDA Q/Q Growth		 4.31% -31.79% 31.93% 12.77% 2.31% 1.00% -4.04% -55.62% 153.95% -1.25% 18.28%
EBIT Q/Q Growth		 4.83% -34.13% 33.60% 15.53% 3.08% 1.13% -3.89% -58.70% 174.44% -1.18% 19.33%
NOPAT Q/Q Growth		 8.95% -28.68% 25.89% 8.54% 4.39% 0.89% -5.51% -74.19% 348.68% 0.11% 22.06%
Net Income Q/Q Growth		 33.13% -8.79% 15.95% 2.15% 1.73% 15.86% -12.83% -74.37% 369.91% -7.18% 23.88%
EPS Q/Q Growth		 21.88% -20.51% 25.81% 3.85% 6.17% 10.47% -6.32% -77.53% 430.00% 1.89% 15.74%
Operating Cash Flow Q/Q Growth		 13.42% 18.21% -95.91% 1,212.62% 48.48% 22.72% -89.18% 531.99% 32.11% 8.15% -88.71%
Free Cash Flow Firm Q/Q Growth		 -90.25% -118.31% 3,481.35% -163.39% 57.68% 239.56% -112.40% 4,713.78% -28.70% -26.14% 107.58%
Invested Capital Q/Q Growth		 0.24% 2.22% 2.66% 3.06% -1.37% -1.09% 4.43% -11.03% 6.41% 0.93% -0.49%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 27.17% 18.89% 24.38% 24.26% 26.70% 27.74% 26.29% 11.49% 28.76% 27.31% 32.39%
EBIT Margin		 25.39% 17.05% 22.28% 22.71% 25.19% 26.20% 24.87% 10.11% 27.36% 26.00% 31.11%
Profit (Net Income) Margin		 17.73% 16.48% 18.70% 16.85% 18.44% 21.98% 18.92% 4.78% 22.12% 19.75% 24.53%
Tax Burden Percent		 75.74% 82.01% 77.28% 72.61% 73.53% 73.35% 72.11% 45.07% 73.69% 74.65% 76.36%
Interest Burden Percent		 92.18% 117.89% 108.58% 102.19% 99.59% 114.37% 105.52% 104.76% 109.72% 101.73% 103.24%
Effective Tax Rate		 24.26% 17.99% 22.72% 27.39% 26.47% 26.65% 27.89% 54.93% 26.31% 25.35% 23.64%
Return on Invested Capital (ROIC)		 19.24% 14.16% 17.27% 17.50% 20.04% 20.92% 19.02% 4.95% 21.46% 21.11% 25.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.95% 17.44% 18.79% 17.92% 19.96% 24.03% 20.15% 5.20% 23.76% 21.52% 26.70%
Return on Net Nonoperating Assets (RNNOA)		 3.70% 4.36% 6.21% 6.03% 6.77% 7.39% 5.92% 1.62% 7.17% 6.50% 7.86%
Return on Equity (ROE)		 22.94% 18.52% 23.49% 23.53% 26.82% 28.31% 24.94% 6.56% 28.63% 27.61% 33.63%
Cash Return on Invested Capital (CROIC)		 15.24% 14.25% 18.04% 9.73% 11.55% 16.25% 14.22% 26.13% 18.71% 17.15% 23.57%
Operating Return on Assets (OROA)		 18.06% 12.21% 16.68% 17.78% 19.79% 20.46% 19.77% 8.11% 21.24% 20.27% 25.25%
Return on Assets (ROA)		 12.61% 11.80% 13.99% 13.19% 14.49% 17.16% 15.04% 3.83% 17.18% 15.40% 19.90%
Return on Common Equity (ROCE)		 21.84% 17.50% 22.57% 22.33% 25.29% 27.21% 23.75% 6.30% 27.09% 26.64% 31.63%
Return on Equity Simple (ROE_SIMPLE)		 25.11% 0.00% 22.72% 24.14% 25.49% 0.00% 26.87% 25.03% 24.98% 0.00% 27.63%
Net Operating Profit after Tax (NOPAT)		 73 52 66 71 75 75 71 18 82 82 101
NOPAT Margin		 19.23% 13.98% 17.22% 16.49% 18.52% 19.22% 17.94% 4.56% 20.16% 19.41% 23.76%
Net Nonoperating Expense Percent (NNEP)		 2.29% -3.28% -1.52% -0.42% 0.08% -3.11% -1.13% -0.25% -2.30% -0.41% -0.94%
SG&A Expenses to Revenue		 43.68% 44.48% 46.39% 46.70% 44.42% 44.09% 44.38% 43.26% 43.86% 43.13% 43.82%
Operating Expenses to Revenue		 74.61% 82.95% 77.72% 77.29% 74.81% 73.80% 75.13% 89.89% 72.64% 74.00% 68.89%
Earnings before Interest and Taxes (EBIT)		 97 64 85 98 101 103 99 41 112 110 132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 104 71 93 105 108 109 104 46 117 116 137
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.76 2.79 2.98 2.63 2.54 2.41 2.58 2.69 2.80 3.05 3.08
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.92 2.01 2.20 1.90 1.76 1.69 1.83 1.72 1.90 2.04 2.00
Price to Earnings (P/E)		 10.66 12.16 13.04 11.12 10.24 9.08 9.74 10.82 11.43 12.44 11.26
Dividend Yield		 3.59% 3.30% 2.92% 3.28% 3.47% 3.53% 3.26% 6.60% 5.93% 5.42% 5.49%
Earnings Yield		 9.38% 8.22% 7.67% 8.99% 9.76% 11.01% 10.27% 9.24% 8.75% 8.04% 8.88%
Enterprise Value to Invested Capital (EV/IC)		 1.99 2.05 2.25 1.98 1.87 1.80 1.93 2.01 2.06 2.16 2.24
Enterprise Value to Revenue (EV/Rev)		 2.03 2.06 2.24 1.94 1.78 1.68 1.86 1.76 1.92 1.98 2.01
Enterprise Value to EBITDA (EV/EBITDA)		 7.25 8.18 9.18 8.17 7.55 6.53 7.11 7.67 8.14 8.43 8.02
Enterprise Value to EBIT (EV/EBIT)		 7.82 8.86 9.96 8.84 8.15 6.98 7.55 8.19 8.66 8.95 8.47
Enterprise Value to NOPAT (EV/NOPAT)		 10.35 11.57 12.93 11.54 10.73 9.42 10.35 11.74 12.38 12.73 11.78
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.84 9.22 9.65 9.48 9.03 8.68 9.44 8.32 8.77 9.34 9.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.33 14.67 12.45 21.13 16.72 11.26 13.90 7.33 10.90 12.57 9.27
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.39 0.31 0.30 0.29 0.30 0.30 0.29 0.33 0.31 0.30 0.30
Long-Term Debt to Equity		 0.39 0.31 0.30 0.29 0.30 0.30 0.29 0.33 0.31 0.30 0.30
Financial Leverage		 0.22 0.25 0.33 0.34 0.34 0.31 0.29 0.31 0.30 0.30 0.29
Leverage Ratio		 1.71 1.77 1.78 1.81 1.85 1.82 1.73 1.77 1.78 1.82 1.73
Compound Leverage Factor		 1.58 2.08 1.94 1.85 1.84 2.08 1.82 1.86 1.96 1.85 1.79
Debt to Total Capital		 27.92% 23.89% 23.27% 22.58% 22.90% 23.16% 22.18% 24.94% 23.44% 23.23% 23.34%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 27.92% 23.89% 23.27% 22.58% 22.90% 23.16% 22.18% 24.94% 23.44% 23.23% 23.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 3.83% 4.25% 2.64% 3.77% 4.65% 1.72% 4.66% 2.19% 3.60% 3.70% 4.50%
Common Equity to Total Capital		 68.24% 71.86% 74.08% 73.65% 72.45% 75.12% 73.16% 72.88% 72.97% 73.07% 72.15%
Debt to EBITDA		 1.02 0.95 0.95 0.93 0.92 0.84 0.82 0.95 0.92 0.91 0.84
Net Debt to EBITDA		 0.24 0.03 0.06 0.01 -0.08 -0.09 -0.03 0.11 -0.07 -0.41 -0.09
Long-Term Debt to EBITDA		 1.02 0.95 0.95 0.93 0.92 0.84 0.82 0.95 0.92 0.91 0.84
Debt to NOPAT		 1.45 1.35 1.34 1.32 1.31 1.21 1.19 1.45 1.41 1.37 1.23
Net Debt to NOPAT		 0.34 0.04 0.09 0.02 -0.11 -0.12 -0.04 0.17 -0.11 -0.61 -0.14
Long-Term Debt to NOPAT		 1.45 1.35 1.34 1.32 1.31 1.21 1.19 1.45 1.41 1.37 1.23
Noncontrolling Interest Sharing Ratio		 4.81% 5.47% 3.91% 5.09% 5.70% 3.88% 4.76% 3.95% 5.38% 3.53% 5.94%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 12 -2.24 76 -48 -20 28 -3.52 162 116 86 178
Operating Cash Flow to CapEx		 9,296.18% 47,630.58% 733.42% 2,384.98% 5,076.17% 6,137.88% 2,465.91% 1,483.34% 0.00% 25,089.11% 1,471.09%
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 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 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 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.71 0.72 0.75 0.78 0.79 0.78 0.79 0.80 0.78 0.78 0.81
Fixed Asset Turnover		 31.91 34.96 39.00 43.00 45.92 48.44 53.13 50.07 54.24 58.00 62.49
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,424 1,455 1,494 1,540 1,518 1,502 1,568 1,395 1,485 1,499 1,492
Invested Capital Turnover		 1.00 1.01 1.00 1.06 1.08 1.09 1.06 1.09 1.06 1.09 1.08
Increase / (Decrease) in Invested Capital		 61 55 -10 120 95 47 75 -144 -33 -3.11 -77
Enterprise Value (EV)		 2,829 2,985 3,366 3,042 2,841 2,706 3,026 2,812 3,064 3,236 3,343
Market Capitalization		 2,682 2,913 3,303 2,979 2,799 2,715 2,965 2,741 3,037 3,337 3,315
Book Value per Share		 $10.90 $11.75 $12.40 $12.67 $12.46 $13.08 $13.63 $12.08 $13.12 $13.39 $13.23
Tangible Book Value per Share		 ($2.36) ($1.84) ($1.20) ($0.98) ($1.17) ($1.02) ($0.74) ($1.48) ($0.88) ($0.46) ($0.77)
Total Capital		 1,424 1,455 1,494 1,540 1,518 1,502 1,568 1,395 1,485 1,499 1,492
Total Debt		 398 348 348 348 348 348 348 348 348 348 348
Total Long-Term Debt		 398 348 348 348 348 348 348 348 348 348 348
Net Debt		 93 11 24 4.95 -29 -35 -12 41 -27 -156 -39
Capital Expenditures (CapEx)		 1.21 0.28 0.74 2.98 2.08 2.11 0.57 5.98 -3.03 0.51 0.97
Net Nonoperating Expense (NNE)		 5.73 -9.35 -5.65 -1.57 0.31 -11 -3.92 -0.87 -8.00 -1.42 -3.26
Net Nonoperating Obligations (NNO)		 398 348 348 348 348 348 348 348 348 348 348
Total Depreciation and Amortization (D&A)		 6.77 6.89 8.02 6.70 6.09 6.02 5.63 5.53 5.71 5.56 5.42
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.78 $0.62 $0.78 $0.81 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25
Adjusted Weighted Average Basic Shares Outstanding		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Adjusted Diluted Earnings per Share		 $0.78 $0.62 $0.78 $0.81 $0.86 $0.95 $0.89 $0.20 $1.06 $1.08 $1.25
Adjusted Weighted Average Diluted Shares Outstanding		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $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		 89.00M 89.28M 89.52M 88.30M 86.25M 84.45M 84.16M 82.60M 81.81M 81.31M 79.10M
Normalized Net Operating Profit after Tax (NOPAT)		 73 52 66 71 75 75 71 29 82 82 101
Normalized NOPAT Margin		 19.23% 13.98% 17.22% 16.49% 18.52% 19.22% 17.94% 7.08% 20.16% 19.41% 23.76%
Pre Tax Income Margin		 23.41% 20.10% 24.20% 23.21% 25.08% 29.96% 26.24% 10.60% 30.02% 26.45% 32.12%
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 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 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 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 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.38% 52.82% 48.51% 49.57% 47.96% 45.30% 44.70% 83.67% 77.42% 80.49% 74.87%
Augmented Payout Ratio		 192.69% 145.82% 92.80% 72.02% 90.39% 103.39% 112.66% 167.90% 143.65% 131.76% 148.44%

Financials Breakdown Chart

Key Financial Trends

Federated Hermes (NYSE: FHI) has demonstrated consistent financial performance over the past four years, with several key trends observed in their income statements, cash flow statements, and balance sheets.

  • Steady Revenue Growth: Total revenue increased from approximately $381 million in Q3 2022 to around $423.5 million in Q1 2025, primarily driven by consistently strong non-interest income.
  • Increasing Net Income: Consolidated net income attributable to common shareholders rose from about $69.5 million in Q1 2023 to $101.1 million in Q1 2025, with basic and diluted EPS growing from $0.78 to $1.25 over the same period.
  • Controlled Operating Expenses: Though total non-interest expenses increased over the years, expenses were relatively well managed compared to the revenue growth, supporting improved profit margins.
  • Strong Cash Flow from Operations: The company generated positive net cash from operating activities regularly, including $14.3 million in Q1 2025 and over $126 million in Q4 2024, providing a solid cash base for operations and investments.
  • Disciplined Capital Allocation: Federated Hermes actively repurchased shares, with $120 million repurchased in Q1 2025 alone, alongside consistent dividend payments near $0.30 per share, indicating shareholder-friendly policies.
  • Stable Asset Base: Total assets remained steady around $2 billion in recent periods, reflecting consistency in the firm's asset management approach.
  • Leverage Levels: Long-term debt remained near $348 million from 2023 through Q1 2025, suggesting stable leverage without aggressive borrowing increases.
  • Goodwill and Intangible Assets: These intangibles remain substantial, around $800 million for goodwill and roughly $330 million for intangibles, indicating significant investments in acquisitions or intellectual property. Investors should watch for impairment risks over time.
  • Exchange Rate Volatility Impact: The effect of exchange rate changes has caused variability in net cash flows, for example a $5.3 million positive impact in Q1 2025 but a negative $12.9 million in Q4 2024, which could impact international operations.
  • Declining Net Cash Position: Despite positive net income, net change in cash and equivalents was negative $119.5 million in Q1 2025 due to significant financing outflows, including large share repurchases and dividend payments, which may reduce liquidity buffers short term.

Summary: Federated Hermes has shown robust earnings growth and steady revenue with disciplined expense control and strong operating cash flows. The company's capital return strategy through dividends and buybacks is a positive sign for investors. However, the high level of goodwill and intangible assets warrants monitoring for impairment risk, and recent declines in cash balances due to large financing outflows may pose short-term liquidity considerations. Overall, the financials reflect a stable and shareholder-focused firm with growth in profitability over the analyzed periods.

10/03/25 10:53 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Federated Hermes' Financials

When does Federated Hermes' financial year end?

According to the most recent income statement we have on file, Federated Hermes' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Federated Hermes' net income changed over the last 9 years?

Federated Hermes' net income appears to be on an upward trend, with a most recent value of $268.43 million in 2024, rising from $171.99 million in 2015. The previous period was $304.78 million in 2023. Find out what analysts predict for Federated Hermes in the coming months.

How has Federated Hermes' revenue changed over the last 9 years?

Over the last 9 years, Federated Hermes' total revenue changed from $926.61 million in 2015 to $1.63 billion in 2024, a change of 76.1%.

How much debt does Federated Hermes have?

Federated Hermes' total liabilities were at $933.96 million at the end of 2024, a 1.5% decrease from 2023, and a 76.4% increase since 2015.

How much cash does Federated Hermes have?

In the past 9 years, Federated Hermes' cash and equivalents has ranged from $104.84 million in 2016 to $504.44 million in 2024, and is currently $504.44 million as of their latest financial filing in 2024.

How has Federated Hermes' book value per share changed over the last 9 years?

Over the last 9 years, Federated Hermes' book value per share changed from 6.32 in 2015 to 13.39 in 2024, a change of 111.7%.


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This page (NYSE:FHI) was last updated on 10/3/2025 by MarketBeat.com Staff
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