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Janus Henderson Group (JHG) Financials

Janus Henderson Group logo
$51.67 -0.03 (-0.07%)
Closing price 03:59 PM Eastern
Extended Trading
$51.64 -0.03 (-0.06%)
As of 05:44 PM Eastern
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Annual Income Statements for Janus Henderson Group

Annual Income Statements for Janus Henderson Group

This table shows Janus Henderson Group's 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 330 189 656 524 428 130 619 372 392 409 816
Consolidated Net Income / (Loss)		 331 177 658 500 446 151 612 275 427 446 908
Net Income / (Loss) Continuing Operations		 331 177 658 500 446 151 612 275 427 446 908
Total Pre-Tax Income 		338 212 447 662 584 204 818 375 527 612 1,153
Total Operating Income		 317 232 442 650 541 128 821 490 484 646 977
Total Gross Profit		 838 745 1,275 1,693 1,590 1,680 2,074 1,592 1,509 1,757 2,225
Total Revenue		 1,155 1,018 1,818 2,306 2,192 2,299 2,767 2,204 2,102 2,473 3,097
Operating Revenue		 1,066 1,018 1,818 2,306 2,192 2,299 2,767 2,204 2,102 2,473 3,097
Total Cost of Revenue		 317 274 543 613 603 619 693 612 593 716 872
Operating Cost of Revenue		 317 274 543 613 603 619 693 612 593 716 872
Total Operating Expenses		 521 513 833 1,044 1,049 1,552 1,253 1,102 1,025 1,111 1,248
Selling, General & Admin Expense		 349 337 554 700 705 716 826 778 751 822 905
Marketing Expense		 14 14 31 38 31 20 32 27 37 40 47
Depreciation Expense		 23 28 53 63 63 49 41 32 23 25 36
Other Operating Expenses / (Income)		 134 134 195 236 232 220 233 230 215 225 253
Impairment Charge		 - - - 7.20 18 547 122 36 0.00 0.00 8.10
Total Other Income / (Expense), net		 20 -20 5.10 12 43 75 -3.20 -114 43 -34 177
Interest Expense		 20 6.60 12 16 15 13 13 13 13 18 24
Interest & Investment Income		 40 -12 18 -41 34 58 0.80 -113 43 71 147
Other Income / (Expense), net		 0.60 -1.90 -1.00 69 24 31 8.80 12 13 -87 54
Income Tax Expense		 6.10 35 -211 162 138 52 205 101 100 166 246
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.60 -12 2.90 -24 18 21 -7.60 -98 35 37 92
Basic Earnings per Share		 $2.93 $1.69 $3.97 $2.62 $2.21 $0.70 $3.59 $2.23 $2.37 $2.57 $5.25
Weighted Average Basic Shares Outstanding		 - - 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
Diluted Earnings per Share		 $2.78 $1.66 $3.93 $2.61 $2.21 $0.70 $3.57 $2.23 $2.37 $2.56 $5.23
Weighted Average Diluted Shares Outstanding		 - - 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
Weighted Average Basic & Diluted Shares Outstanding		 - - 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
Cash Dividends to Common per Share		 - - - $1.40 $1.44 $1.44 $1.50 $1.55 $1.56 $1.56 $1.59

Quarterly Income Statements for Janus Henderson Group

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 94 121 130 130 27 122 121 150 142 403 91
Consolidated Net Income / (Loss)		 86 144 141 134 50 122 116 184 181 426 107
Net Income / (Loss) Continuing Operations		 86 144 141 134 50 122 116 184 181 426 107
Total Pre-Tax Income 		99 177 173 175 94 170 149 232 226 547 136
Total Operating Income		 122 144 119 164 165 198 154 164 172 487 114
Total Gross Profit		 372 412 386 422 448 501 440 454 495 836 489
Total Revenue		 521 569 552 588 625 708 621 633 700 1,142 690
Operating Revenue		 521 569 552 588 625 708 621 633 700 1,142 690
Total Cost of Revenue		 149 156 166 166 177 207 182 179 205 306 201
Operating Cost of Revenue		 149 156 166 166 177 207 182 179 205 306 201
Total Operating Expenses		 250 269 267 258 283 304 286 290 323 349 375
Selling, General & Admin Expense		 190 201 191 194 211 226 208 213 230 253 276
Marketing Expense		 9.60 8.90 8.00 9.80 8.30 14 9.90 12 11 14 12
Depreciation Expense		 5.80 4.90 5.10 5.30 5.50 8.60 8.50 8.50 9.40 9.90 11
Other Operating Expenses / (Income)		 45 54 63 49 58 55 60 57 65 71 75
Total Other Income / (Expense), net		 -23 34 54 11 -71 -28 -5.00 68 54 60 22
Interest Expense		 3.20 3.20 3.10 3.20 4.50 7.20 5.90 5.90 6.30 6.10 6.30
Interest & Investment Income		 -5.90 25 23 6.40 35 6.90 -5.50 53 55 45 13
Other Income / (Expense), net		 -13 12 35 7.60 -102 -27 6.40 21 5.20 21 16
Income Tax Expense		 13 33 33 42 44 49 33 47 45 121 29
Net Income / (Loss) Attributable to Noncontrolling Interest		 -7.50 23 11 3.80 23 -0.30 -4.70 35 39 23 16
Basic Earnings per Share		 $0.56 $0.74 $0.81 $0.81 $0.17 $0.78 $0.77 $0.95 $0.92 $2.61 $0.59
Weighted Average Basic Shares Outstanding		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M
Diluted Earnings per Share		 $0.56 $0.74 $0.81 $0.81 $0.17 $0.77 $0.77 $0.95 $0.92 $2.59 $0.59
Weighted Average Diluted Shares Outstanding		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M
Weighted Average Basic & Diluted Shares Outstanding		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M

Annual Cash Flow Statements for Janus Henderson Group

This table details how cash moves in and out of Janus Henderson Group's 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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 151 -129 459 155 -133 284 24 113 -39 85 19
Net Cash From Operating Activities		 389 235 444 671 463 646 895 473 442 695 720
Net Cash From Continuing Operating Activities		 366 235 444 671 463 646 895 473 442 695 720
Net Income / (Loss) Continuing Operations		 331 177 658 500 446 151 612 275 427 446 908
Consolidated Net Income / (Loss)		 331 177 658 500 446 151 612 275 427 446 908
Depreciation Expense		 23 28 53 63 63 49 41 32 23 25 36
Non-Cash Adjustments To Reconcile Net Income		 -15 53 36 70 53 516 182 237 53 128 -99
Changes in Operating Assets and Liabilities, net		 27 -23 -303 39 -98 -71 60 -69 -61 97 -126
Net Cash From Investing Activities		 57 -108 520 101 -389 129 -283 59 -329 -285 -461
Net Cash From Continuing Investing Activities		 26 23 520 101 -389 129 -283 59 -329 -285 -461
Purchase of Property, Plant & Equipment		 -12 -14 -18 -29 -38 -18 -10 -18 -11 -10 -8.60
Acquisitions		 -62 -8.40 -11 - - - - 0.00 0.00 -127 -2.40
Purchase of Investments		 -40 -114 -24 - -33 135 -124 76 -38 -11 -94
Sale and/or Maturity of Investments		 17 21 149 88 -320 -31 1.20 -44 -225 -101 -261
Other Investing Activities, net		 0.00 6.50 5.80 42 2.30 44 -150 29 -56 -36 -95
Net Cash From Financing Activities		 -222 -339 -505 -617 -207 -491 -588 -419 -152 -324 -239
Net Cash From Continuing Financing Activities		 -222 -339 -505 -617 -207 -491 -588 -419 -152 -324 -239
Repayment of Debt		 0.00 -203 -93 -97 - - 0.00 1.90 -1.10 -304 8.70
Payment of Dividends		 -161 -158 -261 -283 -274 -264 -257 -259 -259 -250 -249
Issuance of Debt		 - - - - - - - 0.00 0.00 395 0.00
Other Financing Activities, net		 -38 66 -104 -159 67 -228 -344 -162 108 -165 1.40
Cash Interest Paid		 17 7.30 8.00 15 15 15 15 15 15 19 22
Cash Income Taxes Paid		 14 41 113 185 160 159 218 141 104 133 171

Quarterly Cash Flow Statements for Janus Henderson Group

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 141 -1.40 -246 120 438 -227 -145 -239 135 253 124
Net Cash From Operating Activities		 217 162 -5.00 224 229 247 2.80 135 259 323 235
Net Cash From Continuing Operating Activities		 217 162 -5.00 224 229 247 2.80 135 259 323 235
Net Income / (Loss) Continuing Operations		 86 144 141 134 50 122 116 184 181 426 107
Consolidated Net Income / (Loss)		 86 144 141 134 50 122 116 184 181 426 107
Depreciation Expense		 5.80 4.90 5.10 5.30 5.50 8.60 8.50 8.50 9.40 9.90 11
Non-Cash Adjustments To Reconcile Net Income		 46 -7.90 -30 13 93 52 20 -40 -27 -53 3.30
Changes in Operating Assets and Liabilities, net		 79 20 -121 72 80 65 -142 -18 95 -61 113
Net Cash From Investing Activities		 16 -87 -54 -60 -215 44 -227 -291 39 18 -160
Net Cash From Continuing Investing Activities		 16 -87 -54 -60 -215 44 -227 -291 39 18 -160
Purchase of Property, Plant & Equipment		 -1.90 -2.40 -1.80 -1.90 -2.60 -3.80 -1.90 -2.00 -2.40 -2.30 -3.20
Acquisitions		 - - 0.00 - - -110 -2.40 -1.80 -1.10 2.90 0.00
Purchase of Investments		 -6.00 -269 -48 48 -28 23 2.60 195 -29 -34 10
Sale and/or Maturity of Investments		 -6.80 132 -5.20 -65 -115 78 -182 -310 50 -4.10 -73
Other Investing Activities, net		 31 53 0.70 - -52 57 -44 -172 21 55 -94
Net Cash From Financing Activities		 -92 -76 -179 -51 425 -519 80 -68 -163 -88 49
Net Cash From Continuing Financing Activities		 -92 -76 -179 -51 425 -519 80 -68 -163 -88 49
Repayment of Debt		 0.10 -2.10 0.00 0.20 -0.50 -304 -0.10 4.70 -0.50 4.60 -0.90
Payment of Dividends		 -65 -65 -63 -63 -62 -62 -62 -64 -62 -62 0.00
Other Financing Activities, net		 -27 -9.30 -46 -58 91 -152 141 -11 -100 -31 50
Cash Interest Paid		 7.30 - 7.30 - 7.30 3.90 11 - 11 - 11
Cash Income Taxes Paid		 23 25 6.20 50 39 38 3.50 88 37 42 6.10

Annual Balance Sheets for Janus Henderson Group

This table presents Janus Henderson 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 2,433 7,273 6,912 7,622 6,691 6,702 6,238 6,497 6,963 8,287
Total Current Assets		 1,061 2,243 2,019 2,581 2,194 2,409 2,215 2,456 2,640 3,814
Cash & Equivalents		 323 794 917 797 1,108 1,119 1,162 1,152 1,217 1,294
Short-Term Investments		 393 700 292 254 483 702 262 334 337 1,534
Accounts Receivable		 166 420 309 335 374 352 253 294 357 757
Other Current Assets		 179 329 214 248 226 235 186 269 203 231
Plant, Property, & Equipment, net		 41 71 70 85 78 63 52 44 39 33
Total Noncurrent Assets		 1,332 4,960 4,823 4,956 4,419 4,230 3,971 3,997 4,284 4,440
Goodwill		 742 1,534 1,478 1,504 1,384 1,342 1,253 1,290 1,550 1,621
Intangible Assets		 401 3,205 3,123 3,089 2,686 2,543 2,415 2,431 2,473 2,527
Employee Benefit Assets		 - - - - - - 98 88 70 72
Other Noncurrent Operating Assets		 189 221 222 363 349 346 206 188 190 219
Total Liabilities & Shareholders' Equity		 2,433 7,273 6,912 7,622 6,691 6,702 6,238 6,497 6,963 8,287
Total Liabilities		 583 2,207 1,915 2,038 1,871 1,900 1,641 1,641 1,880 2,167
Total Current Liabilities		 453 1,005 728 770 728 786 611 631 735 913
Accounts Payable		 142 293 233 246 232 271 233 231 266 361
Current Employee Benefit Liabilities		 147 399 345 336 371 420 301 298 389 505
Total Noncurrent Liabilities		 130 1,202 1,187 1,268 1,143 1,115 1,031 1,010 1,145 1,255
Long-Term Debt		 0.00 322 319 316 313 310 308 305 395 396
Noncurrent Deferred & Payable Income Tax Liabilities		 71 753 730 729 627 619 575 571 569 625
Noncurrent Employee Benefit Liabilities		 21 28 58 64 58 51 50 45 39 49
Other Noncurrent Operating Liabilities		 39 100 79 159 144 134 99 90 142 186
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		 158 190 136 678 86 163 234 317 365 845
Total Equity & Noncontrolling Interests		 1,692 4,876 4,861 4,906 4,734 4,639 4,363 4,538 4,718 5,276
Total Preferred & Common Equity		 1,648 4,837 4,839 4,887 4,716 4,624 4,360 4,538 4,592 5,108
Total Common Equity		 1,648 4,837 4,839 4,887 4,716 4,624 4,360 4,538 4,592 5,108
Common Stock		 1,472 4,144 4,119 4,109 4,086 4,025 3,955 3,967 3,983 3,965
Retained Earnings		 765 1,151 1,315 1,284 1,062 1,040 1,061 1,136 1,095 1,498
Accumulated Other Comprehensive Income / (Loss)		 -435 -302 -424 -367 -324 -387 -648 -564 -485 -354
Other Equity Adjustments		 - - - - - -55 -8.30 - - -1.20
Noncontrolling Interest		 45 38 22 20 17 15 2.80 0.20 127 167

Quarterly Balance Sheets for Janus Henderson Group

This table presents Janus Henderson 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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,124 6,356 6,388 6,300 6,270 6,413 7,264 7,117 7,452 7,615 7,803
Total Current Assets		 2,115 2,293 2,293 2,288 2,230 2,378 3,135 2,753 2,955 3,153 3,340
Cash & Equivalents		 1,036 844 997 1,121 905 1,014 1,484 1,084 883 997 1,381
Short-Term Investments		 509 388 312 293 241 258 305 363 381 396 489
Accounts Receivable		 221 263 247 233 268 255 271 286 309 335 319
Other Current Assets		 350 312 237 289 304 267 327 266 260 284 377
Plant, Property, & Equipment, net		 49 50 48 45 42 39 39 37 37 35 33
Total Noncurrent Assets		 3,960 4,013 4,047 3,966 3,999 3,996 4,090 4,327 4,460 4,427 4,430
Goodwill		 1,206 1,270 1,287 1,260 1,282 1,284 1,352 1,587 1,634 1,622 1,608
Intangible Assets		 2,426 2,422 2,430 2,416 2,427 2,428 2,448 2,480 2,541 2,531 2,518
Employee Benefit Assets		 - 101 104 101 87 88 94 73 78 77 71
Other Noncurrent Operating Assets		 329 220 225 190 202 197 196 187 207 197 233
Total Liabilities & Shareholders' Equity		 6,124 6,356 6,388 6,300 6,270 6,413 7,264 7,117 7,452 7,615 7,803
Total Liabilities		 1,725 1,581 1,517 1,595 1,568 1,592 2,137 1,755 1,807 1,936 2,078
Total Current Liabilities		 690 576 507 596 568 587 1,016 629 658 784 859
Accounts Payable		 220 219 213 205 207 215 262 278 345 348 441
Current Employee Benefit Liabilities		 230 151 177 232 165 199 286 171 208 301 200
Other Current Liabilities		 240 203 112 144 192 164 159 152 106 135 218
Total Noncurrent Liabilities		 1,036 1,004 1,010 1,000 1,000 1,005 1,121 1,126 1,149 1,151 1,219
Long-Term Debt		 308 307 306 305 304 303 396 395 395 395 396
Noncurrent Deferred & Payable Income Tax Liabilities		 598 576 579 569 569 569 576 571 577 575 622
Noncurrent Employee Benefit Liabilities		 41 26 33 39 18 26 33 17 27 36 20
Other Noncurrent Operating Liabilities		 89 95 92 87 109 107 116 143 149 145 181
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 153 385 390 246 275 347 494 536 745 771 381
Total Equity & Noncontrolling Interests		 4,246 4,391 4,482 4,459 4,427 4,475 4,633 4,827 4,900 4,908 5,344
Total Preferred & Common Equity		 4,243 4,388 4,479 4,456 4,427 4,475 4,633 4,695 4,769 4,777 5,178
Total Common Equity		 4,243 4,388 4,479 4,456 4,427 4,475 4,633 4,695 4,769 4,777 5,178
Common Stock		 3,933 3,912 3,936 3,953 3,911 3,915 3,933 4,000 3,924 3,944 3,976
Retained Earnings		 1,061 1,083 1,109 1,137 1,125 1,160 1,087 1,128 1,167 1,182 1,589
Treasury Stock		 - -1.10 -1.10 -1.10 -1.10 -1.10 -1.00 -1.00 -1.10 -1.20 -1.10
Accumulated Other Comprehensive Income / (Loss)		 -748 -606 -564 -633 -608 -599 -385 -433 -322 -348 -386
Noncontrolling Interest		 2.80 2.80 2.80 2.80 0.20 0.20 0.20 132 131 131 166

Annual Metrics And Ratios for Janus Henderson Group

This table displays calculated financial ratios and metrics derived from Janus Henderson Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -11.85% 78.58% 26.84% -4.94% 4.84% 20.38% -20.36% -4.62% 17.67% 25.23%
EBITDA Growth		 0.00% -24.41% 91.51% 58.07% -19.72% -66.81% 318.26% -38.76% -2.59% 12.40% 82.81%
EBIT Growth		 0.00% -27.59% 91.70% 62.79% -21.44% -71.85% 422.15% -39.58% -1.00% 12.65% 84.33%
NOPAT Growth		 0.00% -37.67% 235.16% -24.64% -15.77% -76.91% 544.51% -41.74% 9.35% 20.06% 63.48%
Net Income Growth		 0.00% -46.50% 271.35% -24.12% -10.79% -66.05% 304.76% -55.18% 55.45% 4.43% 103.68%
EPS Growth		 0.00% -46.50% 136.75% -33.59% -15.33% -68.33% 410.00% -37.54% 6.28% 8.02% 104.30%
Operating Cash Flow Growth		 0.00% -39.55% 88.90% 51.05% -30.95% 39.40% 38.67% -47.14% -6.70% 57.29% 3.58%
Free Cash Flow Firm Growth		 0.00% 0.00% -130.52% 128.69% -46.72% 37.62% 89.71% -40.06% -51.12% 33.44% 43.08%
Invested Capital Growth		 0.00% 0.00% 248.45% -3.31% 2.15% -9.23% -7.04% -4.86% 4.42% 4.04% 8.38%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -3.22% 2.63% 2.50% 1.47% -7.63% 2.60% 5.99% 16.30%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -4.38% -1.34% 19.67% -2.95% -14.90% 18.35% 3.26% 46.67%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -3.25% -2.59% 33.31% -2.94% -15.29% 20.08% 2.70% 48.84%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -43.05% 3.07% 53.88% -4.23% -13.54% 15.32% 5.00% 44.08%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -42.63% 4.60% 44.65% -6.66% -13.32% 17.35% -4.87% 50.54%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -41.61% -1.78% 59.09% -2.46% -13.90% 16.75% 1.19% 53.37%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 35.77% 2.66% -7.27% 2.09% 7.31% -22.22% 3.64% 14.09% 11.71%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -23.94% 9.20% 20.67% -29.48% 3.65% -17.85% 67.80%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -3.23% -0.28% -0.44% -5.48% -0.96% 0.39% 3.29% 4.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 72.55% 73.14% 70.12% 73.42% 72.52% 73.09% 74.94% 72.25% 71.77% 71.05% 71.84%
EBITDA Margin		 29.55% 25.34% 27.17% 33.86% 28.60% 9.05% 31.46% 24.19% 24.70% 23.60% 34.45%
Operating Margin		 27.47% 22.80% 24.32% 28.17% 24.67% 5.58% 29.67% 22.23% 23.01% 26.11% 31.54%
EBIT Margin		 27.52% 22.61% 24.27% 31.15% 25.74% 6.91% 29.99% 22.75% 23.61% 22.61% 33.27%
Profit (Net Income) Margin		 28.69% 17.41% 36.21% 21.66% 20.33% 6.58% 22.13% 12.46% 20.30% 18.02% 29.30%
Tax Burden Percent		 98.19% 83.67% 147.16% 75.49% 76.38% 74.35% 74.89% 73.12% 80.97% 72.82% 78.70%
Interest Burden Percent		 106.17% 92.05% 101.38% 92.12% 103.38% 128.07% 98.55% 74.89% 106.19% 109.44% 111.91%
Effective Tax Rate		 1.81% 16.33% -47.16% 24.51% 23.62% 25.65% 25.11% 26.88% 19.03% 27.18% 21.30%
Return on Invested Capital (ROIC)		 0.00% 34.26% 25.60% 12.63% 10.70% 2.56% 17.99% 11.15% 12.23% 14.09% 21.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 38.97% 24.78% 11.84% 8.42% -1.21% 18.16% 16.77% 9.93% 15.60% 14.92%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -15.09% -6.56% -2.70% -2.28% 0.35% -5.26% -5.31% -3.20% -5.12% -5.48%
Return on Equity (ROE)		 0.00% 19.16% 19.04% 9.93% 8.42% 2.91% 12.73% 5.84% 9.03% 8.97% 16.20%
Cash Return on Invested Capital (CROIC)		 0.00% -165.74% -85.20% 15.99% 8.57% 12.24% 25.29% 16.13% 7.91% 10.13% 13.64%
Operating Return on Assets (OROA)		 0.00% 9.46% 9.09% 10.13% 7.77% 2.22% 12.39% 7.75% 7.79% 8.31% 13.52%
Return on Assets (ROA)		 0.00% 7.29% 13.57% 7.04% 6.13% 2.11% 9.14% 4.24% 6.70% 6.62% 11.90%
Return on Common Equity (ROCE)		 0.00% 17.06% 17.85% 9.55% 7.74% 2.68% 12.36% 5.58% 8.50% 8.24% 14.03%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.76% 13.61% 10.32% 9.12% 3.21% 13.25% 6.30% 9.40% 9.70% 0.00%
Net Operating Profit after Tax (NOPAT)		 312 194 651 491 413 95 615 358 392 470 769
NOPAT Margin		 26.97% 19.07% 35.80% 21.27% 18.85% 4.15% 22.22% 16.25% 18.63% 19.01% 24.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% -4.72% 0.82% 0.79% 2.28% 3.78% -0.17% -5.63% 2.30% -1.51% 6.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 7.67% 8.09% 9.20% 13.56%
Cost of Revenue to Revenue		 27.45% 26.86% 29.88% 26.58% 27.48% 26.91% 25.06% 27.75% 28.23% 28.95% 28.16%
SG&A Expenses to Revenue		 30.21% 33.12% 30.47% 30.37% 32.16% 31.16% 29.85% 35.29% 35.71% 33.22% 29.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 45.08% 50.34% 45.80% 45.25% 47.85% 67.51% 45.28% 50.02% 48.76% 44.94% 40.31%
Earnings before Interest and Taxes (EBIT)		 318 230 441 718 564 159 830 501 496 559 1,031
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 341 258 494 781 627 208 870 533 519 584 1,067
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 1.08 0.62 0.72 1.03 1.33 0.80 1.04 1.46 1.44
Price to Tangible Book Value (P/TBV)		 0.00 0.00 52.83 12.51 12.05 7.51 8.29 5.03 5.80 11.81 7.65
Price to Revenue (P/Rev)		 0.00 0.00 2.86 1.29 1.61 2.11 2.21 1.58 2.25 2.71 2.37
Price to Earnings (P/E)		 0.00 0.00 7.95 5.69 8.27 37.27 9.91 9.35 12.08 16.39 9.01
Dividend Yield		 0.00% 0.00% 2.46% 13.87% 7.63% 5.38% 4.18% 7.38% 5.46% 3.70% 3.34%
Earnings Yield		 0.00% 0.00% 12.58% 17.59% 12.09% 2.68% 10.09% 10.70% 8.28% 6.10% 11.10%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 1.09 0.59 0.90 1.04 1.46 0.83 1.18 1.77 2.26
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.38 0.97 1.60 1.60 1.73 1.18 1.84 2.44 2.70
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 8.75 2.88 5.58 17.69 5.51 4.88 7.45 10.34 7.83
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 9.80 3.13 6.20 23.17 5.78 5.19 7.80 10.80 8.10
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 6.64 4.58 8.47 38.59 7.80 7.26 9.88 12.84 10.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 9.73 3.35 7.56 5.70 5.36 5.50 8.76 8.69 11.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 3.61 10.58 8.08 5.55 5.02 15.28 17.86 17.27
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.07 0.06 0.06 0.07 0.06 0.07 0.06 0.08 0.06
Long-Term Debt to Equity		 0.00 0.00 0.06 0.06 0.06 0.07 0.06 0.07 0.06 0.08 0.06
Financial Leverage		 0.00 -0.39 -0.26 -0.23 -0.27 -0.28 -0.29 -0.32 -0.32 -0.33 -0.37
Leverage Ratio		 0.00 1.32 1.40 1.41 1.37 1.38 1.39 1.38 1.35 1.35 1.36
Compound Leverage Factor		 0.00 1.21 1.42 1.30 1.42 1.76 1.37 1.03 1.43 1.48 1.52
Debt to Total Capital		 0.00% 0.00% 6.96% 6.00% 5.36% 6.10% 6.07% 6.27% 5.90% 7.21% 6.07%
Short-Term Debt to Total Capital		 0.00% 0.00% 1.05% 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% 5.91% 6.00% 5.36% 6.10% 6.07% 6.27% 5.90% 7.21% 6.07%
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		 0.00% 10.96% 4.20% 2.96% 11.82% 2.01% 3.50% 4.83% 6.15% 8.97% 15.53%
Common Equity to Total Capital		 0.00% 89.04% 88.84% 91.03% 82.82% 91.89% 90.43% 88.90% 87.95% 83.82% 78.40%
Debt to EBITDA		 0.00 0.00 0.77 0.41 0.50 1.51 0.36 0.58 0.59 0.68 0.37
Net Debt to EBITDA		 0.00 0.00 -2.26 -1.14 -1.17 -6.14 -1.74 -2.09 -2.28 -1.99 -0.01
Long-Term Debt to EBITDA		 0.00 0.00 0.65 0.41 0.50 1.51 0.36 0.58 0.59 0.68 0.37
Debt to NOPAT		 0.00 0.00 0.58 0.65 0.77 3.28 0.50 0.86 0.78 0.84 0.51
Net Debt to NOPAT		 0.00 0.00 -1.71 -1.81 -1.78 -13.39 -2.46 -3.12 -3.02 -2.47 -0.01
Long-Term Debt to NOPAT		 0.00 0.00 0.49 0.65 0.77 3.28 0.50 0.86 0.78 0.84 0.51
Altman Z-Score		 0.00 0.00 2.29 2.10 2.09 2.46 3.26 2.44 2.89 3.31 3.49
Noncontrolling Interest Sharing Ratio		 0.00% 10.96% 6.24% 3.84% 8.08% 7.70% 2.93% 4.42% 5.86% 8.14% 13.42%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 2.34 2.23 2.77 3.35 3.01 3.07 3.63 3.89 3.59 4.18
Quick Ratio		 0.00 1.95 1.90 2.08 1.80 2.70 2.77 2.75 2.82 2.60 1.27
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -940 -2,166 621 331 456 864 518 253 338 484
Operating Cash Flow to CapEx		 3,214.05% 1,655.63% 2,509.04% 2,305.15% 1,225.40% 3,627.53% 8,609.62% 2,689.20% 4,088.89% 6,877.23% 8,366.28%
Free Cash Flow to Firm to Interest Expense		 0.00 -142.36 -182.02 39.58 21.92 35.32 67.52 41.12 19.94 18.77 19.98
Operating Cash Flow to Interest Expense		 19.35 35.62 37.32 42.73 30.68 50.05 69.95 37.56 34.77 38.59 29.73
Operating Cash Flow Less CapEx to Interest Expense		 18.75 33.47 35.83 40.87 28.17 48.67 69.14 36.17 33.92 38.03 29.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.42 0.37 0.33 0.30 0.32 0.41 0.34 0.33 0.37 0.41
Accounts Receivable Turnover		 0.00 6.15 6.22 6.33 6.81 6.49 7.63 7.29 7.69 7.60 5.57
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 24.71 32.53 32.93 28.44 28.27 39.19 38.29 43.79 59.17 85.44
Accounts Payable Turnover		 0.00 1.93 2.50 2.33 2.51 2.59 2.76 2.43 2.56 2.88 2.78
Days Sales Outstanding (DSO)		 0.00 59.33 58.73 57.67 53.61 56.24 47.83 50.06 47.49 48.01 65.59
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 189.11 145.99 156.63 145.15 141.05 132.38 150.24 142.73 126.79 131.19
Cash Conversion Cycle (CCC)		 0.00 -129.78 -87.26 -98.96 -91.54 -84.81 -84.55 -100.17 -95.24 -78.78 -65.60
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 1,134 3,951 3,820 3,902 3,542 3,292 3,132 3,271 3,403 3,688
Invested Capital Turnover		 0.00 1.80 0.72 0.59 0.57 0.62 0.81 0.69 0.66 0.74 0.87
Increase / (Decrease) in Invested Capital		 0.00 1,134 2,817 -131 82 -360 -250 -160 138 132 285
Enterprise Value (EV)		 0.00 0.00 4,323 2,246 3,501 3,681 4,795 2,601 3,869 6,036 8,351
Market Capitalization		 0.00 0.00 5,209 2,978 3,537 4,856 6,127 3,481 4,734 6,703 7,348
Book Value per Share		 $0.00 $0.00 $24.14 $24.36 $26.06 $26.00 $27.10 $26.32 $27.39 $28.88 $33.07
Tangible Book Value per Share		 $0.00 $0.00 $0.49 $1.20 $1.57 $3.56 $4.33 $4.18 $4.93 $3.57 $6.22
Total Capital		 0.00 1,850 5,445 5,316 5,900 5,133 5,113 4,904 5,160 5,478 6,516
Total Debt		 0.00 0.00 379 319 316 313 310 308 305 395 396
Total Long-Term Debt		 0.00 0.00 322 319 316 313 310 308 305 395 396
Net Debt		 0.00 -717 -1,115 -889 -734 -1,278 -1,511 -1,116 -1,182 -1,159 -8.70
Capital Expenditures (CapEx)		 12 14 18 29 38 18 10 18 11 10 8.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -109 -200 82 761 -125 -197 180 338 350 2,498
Debt-free Net Working Capital (DFNWC)		 0.00 608 1,295 1,291 1,811 1,466 1,624 1,604 1,825 1,905 2,902
Net Working Capital (NWC)		 0.00 608 1,238 1,291 1,811 1,466 1,624 1,604 1,825 1,905 2,902
Net Nonoperating Expense (NNE)		 -20 17 -7.51 -9.06 -33 -56 2.40 84 -35 25 -139
Net Nonoperating Obligations (NNO)		 0.00 -717 -1,115 -1,177 -1,682 -1,278 -1,510 -1,464 -1,585 -1,680 -2,432
Total Depreciation and Amortization (D&A)		 23 28 53 63 63 49 41 32 23 25 36
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -10.67% -10.98% 3.57% 34.72% -5.43% -7.13% 8.19% 16.08% 14.16% 80.63%
Debt-free Net Working Capital to Revenue		 0.00% 59.70% 71.20% 55.96% 82.61% 63.77% 58.68% 72.80% 86.81% 77.01% 93.68%
Net Working Capital to Revenue		 0.00% 59.70% 68.06% 55.96% 82.61% 63.77% 58.68% 72.80% 86.81% 77.01% 93.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.93 $1.69 $3.97 $2.62 $2.21 $0.87 $3.60 $2.23 $2.37 $2.57 $5.25
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
Adjusted Diluted Earnings per Share		 $2.78 $1.66 $3.93 $2.61 $2.21 $0.87 $3.59 $2.23 $2.37 $2.56 $5.23
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
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		 0.00 0.00 200.41M 196.41M 186.98M 172.35M 169.05M 165.66M 161.73M 157.56M 154.08M
Normalized Net Operating Profit after Tax (NOPAT)		 312 194 310 496 427 502 706 384 392 470 775
Normalized NOPAT Margin		 26.97% 19.07% 17.03% 21.50% 19.47% 21.83% 25.52% 17.44% 18.63% 19.01% 25.02%
Pre Tax Income Margin		 29.22% 20.81% 24.61% 28.69% 26.61% 8.85% 29.55% 17.04% 25.07% 24.74% 37.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 15.82 34.88 37.08 45.76 37.38 12.32 64.82 39.79 39.08 31.06 42.59
NOPAT to Interest Expense		 15.50 29.42 54.70 31.24 27.36 7.39 48.03 28.42 30.84 26.12 31.76
EBIT Less CapEx to Interest Expense		 15.21 32.73 35.60 43.90 34.87 10.94 64.01 38.39 38.23 30.50 42.23
NOPAT Less CapEx to Interest Expense		 14.90 27.27 53.21 29.39 24.86 6.01 47.22 27.03 29.99 25.56 31.41
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 48.58% 88.83% 39.64% 56.69% 61.41% 174.29% 41.88% 94.50% 60.63% 56.13% 27.46%
Augmented Payout Ratio		 60.11% 119.46% 47.55% 74.02% 61.41% 174.29% 41.88% 94.50% 60.63% 56.13% 27.46%

Quarterly Metrics And Ratios for Janus Henderson Group

This table displays calculated financial ratios and metrics derived from Janus Henderson Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 154,075,608.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 154,075,608.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.59
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.58% 10.35% 11.27% 13.92% 19.92% 24.59% 12.63% 7.61% 12.10% 61.27% 11.04%
EBITDA Growth		 -19.48% 100.63% 39.88% 35.27% -39.88% 11.46% 6.04% 9.14% 172.01% 189.77% -16.44%
EBIT Growth		 -19.54% 114.33% 43.07% 37.63% -41.74% 9.45% 4.03% 7.56% 180.82% 198.59% -19.13%
NOPAT Growth		 8.69% 84.50% 22.48% 36.09% -16.61% 20.62% 23.91% 4.11% 56.57% 168.99% -25.35%
Net Income Growth		 -24.96% 77.71% 46.46% 32.97% -41.86% -15.80% -17.50% 38.13% 262.00% 250.78% -7.93%
EPS Growth		 -13.85% 85.00% 52.83% 50.00% -69.64% 4.05% -4.94% 17.28% 441.18% 236.36% -23.38%
Operating Cash Flow Growth		 -2.25% 10.62% 95.38% 30.57% 5.35% 53.13% 156.00% -39.59% 13.26% 30.49% 8,285.71%
Free Cash Flow Firm Growth		 -97.56% -109.57% -43.58% 110.62% 404.41% 141.41% -200.03% -210.74% -309.10% 967.18% 276.49%
Invested Capital Growth		 3.01% 4.42% -0.45% -2.86% 1.12% 4.04% 6.91% 11.47% 7.45% 8.38% -3.01%
Revenue Q/Q Growth		 0.87% 9.12% -2.96% 6.65% 6.19% 13.36% -12.27% 1.90% 10.61% 63.09% -39.60%
EBITDA Q/Q Growth		 -12.90% 40.67% -1.00% 11.52% -61.29% 160.79% -5.81% 14.78% -3.52% 177.81% -72.84%
EBIT Q/Q Growth		 -13.29% 43.68% -1.16% 11.77% -63.29% 169.89% -6.05% 15.56% -4.16% 186.96% -74.55%
NOPAT Q/Q Growth		 14.62% 10.91% -17.31% 29.46% -29.76% 60.44% -15.06% 8.77% 5.62% 175.63% -76.43%
Net Income Q/Q Growth		 -14.34% 67.79% -2.56% -5.05% -62.55% 143.00% -4.53% 58.97% -1.84% 135.47% -74.94%
EPS Q/Q Growth		 3.70% 32.14% 9.46% 0.00% -79.01% 352.94% 0.00% 23.38% -3.16% 181.52% -77.22%
Operating Cash Flow Q/Q Growth		 26.55% -25.54% -103.10% 4,576.00% 2.10% 8.23% -98.87% 4,728.57% 91.42% 24.69% -27.24%
Free Cash Flow Firm Q/Q Growth		 -90.30% -309.49% 622.75% 98.33% -76.78% -82.80% -1,362.61% -119.58% 56.15% 187.78% 108.81%
Invested Capital Q/Q Growth		 -3.43% 0.39% 2.51% -2.25% 0.52% 3.29% 5.34% 1.92% -3.10% 4.19% -5.73%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 71.36% 72.54% 69.95% 71.74% 71.67% 70.78% 70.79% 71.73% 70.67% 73.19% 70.87%
EBITDA Margin		 21.90% 28.23% 28.80% 30.12% 10.98% 25.26% 27.12% 30.54% 26.64% 45.38% 20.41%
Operating Margin		 23.36% 25.28% 21.61% 27.92% 26.36% 27.88% 24.72% 25.87% 24.56% 42.67% 16.51%
EBIT Margin		 20.79% 27.37% 27.88% 29.21% 10.10% 24.04% 25.75% 29.20% 25.30% 44.52% 18.75%
Profit (Net Income) Margin		 16.51% 25.38% 25.48% 22.69% 8.00% 17.15% 18.67% 29.12% 25.84% 37.31% 15.48%
Tax Burden Percent		 86.69% 81.43% 81.18% 76.24% 53.42% 71.47% 78.06% 79.62% 80.09% 77.90% 78.59%
Interest Burden Percent		 91.60% 113.88% 112.61% 101.86% 148.34% 99.82% 92.88% 125.26% 127.54% 107.59% 105.02%
Effective Tax Rate		 13.31% 18.57% 18.82% 23.76% 46.58% 28.53% 21.94% 20.38% 19.91% 22.10% 21.41%
Return on Invested Capital (ROIC)		 12.92% 13.51% 11.26% 14.27% 10.03% 14.77% 14.15% 15.38% 15.33% 29.04% 11.63%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.38% 11.72% 8.08% 13.73% 12.35% 15.97% 14.39% 12.33% 13.15% 26.77% 10.77%
Return on Net Nonoperating Assets (RNNOA)		 -4.24% -3.78% -2.35% -4.31% -4.12% -5.25% -4.47% -4.16% -4.83% -9.83% -3.91%
Return on Equity (ROE)		 8.69% 9.73% 8.91% 9.96% 5.91% 9.52% 9.67% 11.22% 10.50% 19.21% 7.72%
Cash Return on Invested Capital (CROIC)		 7.61% 7.91% 12.63% 16.22% 12.55% 10.13% 7.37% 3.53% 8.43% 13.64% 23.96%
Operating Return on Assets (OROA)		 6.85% 9.03% 9.53% 10.18% 3.47% 8.84% 9.78% 10.90% 9.06% 18.08% 7.96%
Return on Assets (ROA)		 5.44% 8.38% 8.71% 7.90% 2.75% 6.30% 7.09% 10.87% 9.25% 15.16% 6.57%
Return on Common Equity (ROCE)		 8.30% 9.16% 8.29% 9.20% 5.47% 8.75% 8.77% 9.91% 9.14% 16.63% 6.88%
Return on Equity Simple (ROE_SIMPLE)		 8.16% 0.00% 10.65% 11.27% 10.11% 0.00% 8.97% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 106 117 97 125 88 141 120 130 138 380 90
NOPAT Margin		 20.25% 20.58% 17.54% 21.29% 14.08% 19.93% 19.30% 20.60% 19.67% 33.24% 12.97%
Net Nonoperating Expense Percent (NNEP)		 -1.45% 1.79% 3.18% 0.54% -2.32% -1.20% -0.25% 3.05% 2.18% 2.26% 0.86%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.42% - - - 2.76% 2.30% 2.46% 2.60% 6.70% 1.56%
Cost of Revenue to Revenue		 28.64% 27.46% 30.05% 28.26% 28.33% 29.22% 29.21% 28.27% 29.33% 26.81% 29.13%
SG&A Expenses to Revenue		 36.41% 35.34% 34.62% 32.89% 33.79% 31.92% 33.42% 33.69% 32.87% 22.18% 40.06%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 48.00% 47.26% 48.34% 43.81% 45.31% 42.89% 46.07% 45.86% 46.12% 30.53% 54.36%
Earnings before Interest and Taxes (EBIT)		 108 156 154 172 63 170 160 185 177 509 129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 114 161 159 177 69 179 169 193 187 518 141
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.91 1.04 1.20 1.20 1.31 1.46 1.21 1.28 1.45 1.44 1.53
Price to Tangible Book Value (P/TBV)		 5.20 5.80 7.41 7.01 7.28 11.81 9.08 10.30 11.12 7.65 7.53
Price to Revenue (P/Rev)		 1.98 2.25 2.47 2.40 2.60 2.71 2.24 2.36 2.61 2.37 2.50
Price to Earnings (P/E)		 12.10 12.08 12.25 11.27 14.85 16.39 14.26 14.58 12.99 9.01 10.07
Dividend Yield		 6.36% 5.46% 4.85% 4.68% 4.10% 3.70% 4.32% 4.04% 3.55% 3.34% 3.10%
Earnings Yield		 8.27% 8.28% 8.17% 8.87% 6.74% 6.10% 7.01% 6.86% 7.70% 11.10% 9.93%
Enterprise Value to Invested Capital (EV/IC)		 0.98 1.18 1.42 1.44 1.66 1.77 1.48 1.68 1.93 2.26 2.01
Enterprise Value to Revenue (EV/Rev)		 1.56 1.84 2.20 2.12 2.34 2.44 2.09 2.37 2.57 2.70 2.21
Enterprise Value to EBITDA (EV/EBITDA)		 7.29 7.45 8.43 7.74 9.67 10.34 8.95 10.05 9.41 7.83 6.72
Enterprise Value to EBIT (EV/EBIT)		 7.74 7.80 8.77 8.02 10.04 10.80 9.40 10.60 9.89 8.10 6.99
Enterprise Value to NOPAT (EV/NOPAT)		 9.42 9.88 11.61 10.66 12.21 12.84 10.90 12.30 12.83 10.86 9.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.51 8.76 8.73 7.91 8.98 8.69 7.56 9.98 10.63 11.61 7.34
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.10 15.28 11.20 8.76 13.29 17.86 20.76 50.13 23.76 17.27 8.26
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.06 0.06 0.06 0.06 0.14 0.08 0.07 0.07 0.07 0.06 0.07
Long-Term Debt to Equity		 0.06 0.06 0.06 0.06 0.08 0.08 0.07 0.07 0.07 0.06 0.07
Financial Leverage		 -0.29 -0.32 -0.29 -0.31 -0.33 -0.33 -0.31 -0.34 -0.37 -0.37 -0.36
Leverage Ratio		 1.36 1.35 1.33 1.32 1.38 1.35 1.33 1.32 1.38 1.36 1.35
Compound Leverage Factor		 1.25 1.53 1.50 1.35 2.05 1.35 1.24 1.66 1.76 1.46 1.41
Debt to Total Capital		 6.09% 5.90% 6.07% 5.91% 11.99% 7.21% 6.86% 6.54% 6.51% 6.07% 6.46%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 5.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 6.09% 5.90% 6.07% 5.91% 6.80% 7.21% 6.86% 6.54% 6.51% 6.07% 6.46%
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		 4.96% 6.15% 5.49% 6.77% 8.48% 8.97% 11.59% 14.50% 14.85% 15.53% 8.94%
Common Equity to Total Capital		 88.94% 87.95% 88.44% 87.32% 79.53% 83.82% 81.55% 78.95% 78.64% 78.40% 84.60%
Debt to EBITDA		 0.70 0.59 0.54 0.50 1.24 0.68 0.67 0.65 0.54 0.37 0.38
Net Debt to EBITDA		 -2.53 -2.28 -1.49 -1.59 -1.93 -1.99 -1.77 -1.42 -1.37 -0.01 -1.42
Long-Term Debt to EBITDA		 0.70 0.59 0.54 0.50 0.70 0.68 0.67 0.65 0.54 0.37 0.38
Debt to NOPAT		 0.90 0.78 0.74 0.68 1.56 0.84 0.81 0.79 0.74 0.51 0.54
Net Debt to NOPAT		 -3.27 -3.02 -2.05 -2.19 -2.43 -2.47 -2.16 -1.74 -1.87 -0.01 -2.00
Long-Term Debt to NOPAT		 0.90 0.78 0.74 0.68 0.88 0.84 0.81 0.79 0.74 0.51 0.54
Altman Z-Score		 2.48 2.71 3.03 3.04 2.61 3.12 2.96 3.05 3.17 3.28 3.41
Noncontrolling Interest Sharing Ratio		 4.44% 5.86% 6.99% 7.63% 7.55% 8.14% 9.36% 11.68% 12.92% 13.42% 10.95%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.84 3.89 3.92 4.05 3.08 3.59 4.38 4.49 4.02 4.18 3.89
Quick Ratio		 2.77 2.82 2.49 2.60 2.03 2.60 2.75 2.39 2.20 1.27 2.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10 -21 112 222 51 8.85 -112 -245 -108 94 197
Operating Cash Flow to CapEx		 11,415.79% 6,729.17% -277.78% 11,778.95% 8,788.46% 6,507.89% 147.37% 6,760.00% 10,783.33% 14,030.43% 7,337.50%
Free Cash Flow to Firm to Interest Expense		 3.19 -6.68 36.05 69.27 11.44 1.23 -18.95 -41.61 -17.09 15.49 31.32
Operating Cash Flow to Interest Expense		 67.78 50.47 -1.61 69.94 50.78 34.35 0.47 22.92 41.08 52.90 37.27
Operating Cash Flow Less CapEx to Interest Expense		 67.19 49.72 -2.19 69.34 50.20 33.82 0.15 22.58 40.70 52.52 36.76
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.33 0.33 0.34 0.35 0.34 0.37 0.38 0.37 0.36 0.41 0.42
Accounts Receivable Turnover		 9.04 7.69 8.12 8.89 9.27 7.60 9.18 9.17 8.79 5.57 10.47
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 43.45 43.79 47.16 50.90 55.49 59.17 64.30 68.19 72.57 85.44 90.45
Accounts Payable Turnover		 2.81 2.56 2.91 2.98 2.85 2.88 3.02 2.66 2.53 2.78 2.48
Days Sales Outstanding (DSO)		 40.38 47.49 44.97 41.07 39.38 48.01 39.77 39.79 41.51 65.59 34.88
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 129.89 142.73 125.34 122.37 128.21 126.79 120.83 137.20 144.18 131.19 147.25
Cash Conversion Cycle (CCC)		 -89.50 -95.24 -80.37 -81.30 -88.83 -78.78 -81.05 -97.41 -102.67 -65.60 -112.38
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,258 3,271 3,353 3,278 3,295 3,403 3,585 3,654 3,540 3,688 3,477
Invested Capital Turnover		 0.64 0.66 0.64 0.67 0.71 0.74 0.73 0.75 0.78 0.87 0.90
Increase / (Decrease) in Invested Capital		 95 138 -15 -96 37 132 232 376 245 285 -108
Enterprise Value (EV)		 3,200 3,869 4,757 4,726 5,467 6,036 5,312 6,127 6,848 8,351 6,987
Market Capitalization		 4,060 4,734 5,323 5,348 6,063 6,703 5,696 6,120 6,943 7,348 7,915
Book Value per Share		 $26.90 $27.39 $27.59 $27.89 $29.09 $28.88 $29.80 $30.27 $30.63 $33.07 $33.60
Tangible Book Value per Share		 $4.71 $4.93 $4.48 $4.76 $5.23 $3.57 $3.98 $3.77 $4.00 $6.22 $6.83
Total Capital		 5,010 5,160 5,006 5,125 5,825 5,478 5,757 6,040 6,075 6,516 6,120
Total Debt		 305 305 304 303 699 395 395 395 395 396 396
Total Long-Term Debt		 305 305 304 303 396 395 395 395 395 396 396
Net Debt		 -1,109 -1,182 -842 -969 -1,090 -1,159 -1,051 -868 -997 -8.70 -1,475
Capital Expenditures (CapEx)		 1.90 2.40 1.80 1.90 2.60 3.80 1.90 2.00 2.40 2.30 3.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 278 338 516 519 633 350 677 1,034 976 2,498 611
Debt-free Net Working Capital (DFNWC)		 1,693 1,825 1,661 1,791 2,421 1,905 2,124 2,297 2,369 2,902 2,481
Net Working Capital (NWC)		 1,693 1,825 1,661 1,791 2,119 1,905 2,124 2,297 2,369 2,902 2,481
Net Nonoperating Expense (NNE)		 20 -27 -44 -8.23 38 20 3.90 -54 -43 -47 -17
Net Nonoperating Obligations (NNO)		 -1,446 -1,585 -1,349 -1,544 -1,832 -1,680 -1,777 -1,991 -2,139 -2,432 -2,248
Total Depreciation and Amortization (D&A)		 5.80 4.90 5.10 5.30 5.50 8.60 8.50 8.50 9.40 9.90 11
Debt-free, Cash-free Net Working Capital to Revenue		 13.58% 16.08% 23.91% 23.27% 27.11% 14.16% 26.63% 39.94% 36.66% 80.63% 19.31%
Debt-free Net Working Capital to Revenue		 82.62% 86.81% 76.99% 80.32% 103.77% 77.01% 83.51% 88.76% 88.95% 93.68% 78.38%
Net Working Capital to Revenue		 82.62% 86.81% 76.99% 80.32% 90.81% 77.01% 83.51% 88.76% 88.95% 93.68% 78.38%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.56 $0.74 $0.81 $0.81 $0.17 $0.78 $0.77 $0.95 $0.92 $2.61 $0.59
Adjusted Weighted Average Basic Shares Outstanding		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M
Adjusted Diluted Earnings per Share		 $0.56 $0.74 $0.81 $0.81 $0.17 $0.77 $0.77 $0.95 $0.92 $2.59 $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M
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		 165.66M 161.73M 160.46M 159.26M 158.99M 157.56M 157.56M 155.98M 154.48M 154.08M 154.08M
Normalized Net Operating Profit after Tax (NOPAT)		 106 117 97 125 88 141 120 130 144 380 90
Normalized NOPAT Margin		 20.25% 20.58% 17.54% 21.29% 14.08% 19.93% 19.30% 20.60% 20.59% 33.24% 12.97%
Pre Tax Income Margin		 19.04% 31.17% 31.39% 29.76% 14.98% 24.00% 23.91% 36.58% 32.27% 47.89% 19.70%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 33.84 48.63 49.61 53.72 14.02 23.65 27.12 31.34 28.13 83.36 20.54
NOPAT to Interest Expense		 32.97 36.57 31.21 39.15 19.55 19.60 20.32 22.10 21.87 62.24 14.21
EBIT Less CapEx to Interest Expense		 33.25 47.88 49.03 53.13 13.44 23.13 26.80 31.00 27.75 82.98 20.03
NOPAT Less CapEx to Interest Expense		 32.38 35.82 30.63 38.55 18.97 19.08 20.00 21.77 21.48 61.87 13.70
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 71.20% 60.63% 55.12% 51.11% 54.53% 56.13% 59.00% 52.89% 41.42% 27.46% 20.89%
Augmented Payout Ratio		 71.20% 60.63% 55.12% 51.11% 54.53% 56.13% 59.00% 52.89% 41.42% 27.46% 20.89%

Financials Breakdown Chart

Key Financial Trends

  • Revenue surged in Q4 2025 to 1,142,300,000 USD, up from 708,300,000 USD in Q4 2024, signaling a strong year‑end rebound and growth in fee income.
  • Net income attributable to common shareholders rose to 403,200,000 USD in Q4 2025, vs about 121,300,000 USD in Q4 2024, reflecting substantial margin improvement.
  • Diluted earnings per share (EPS) climbed to 2.59 USD in Q4 2025, aided by stronger profitability and a stable share base (154,075,608 weighted‑average shares).
  • Operating margin remained robust around 42% in Q4 2025, with operating income of 487,400,000 USD on 1,142,300,000 USD in revenue.
  • Cash flow from continuing operating activities was 322,700,000 USD in Q4 2025, up from 258,800,000 USD in Q3 2025, signaling improving core cash generation.
  • Liquidity remains solid: cash and equivalents about 996.9 million USD and short-term investments about 395.9 million USD in Q3 2025, with total current assets of about 3.153 billion USD and current liabilities of 784.3 million USD.
  • Goodwill (about 1.6215 billion USD) and intangible assets (about 2.531 billion USD) are sizable and contribute to noncurrent asset value, suggesting ongoing intangibles exposure to impairment risk if market conditions shift.
  • Long-term debt is modest at roughly 395.4 million USD, keeping leverage at manageable levels relative to equity (~4.78 billion USD), though debt structure should be monitored.
  • The quarterly cash dividend per share is 0.40 USD, indicating a stable enterprise‑level capital return policy.
  • Net cash from financing activities was negative in Q4 2025 (about -87.8 million USD), reflecting dividend payments and other financing outflows that reduced cash on hand despite strong earnings.
05/14/26 12:58 AM ETAI Generated. May Contain Errors.

Janus Henderson Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Janus Henderson Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Janus Henderson Group's net income appears to be on an upward trend, with a most recent value of $907.60 million in 2025, rising from $331.40 million in 2015. The previous period was $445.60 million in 2024. See where experts think Janus Henderson Group is headed by visiting Janus Henderson Group's forecast page.

Janus Henderson Group's total operating income in 2025 was $976.80 million, based on the following breakdown:
  • Total Gross Profit: $2.23 billion
  • Total Operating Expenses: $1.25 billion

Over the last 10 years, Janus Henderson Group's total revenue changed from $1.16 billion in 2015 to $3.10 billion in 2025, a change of 168.1%.

Janus Henderson Group's total liabilities were at $2.17 billion at the end of 2025, a 15.3% increase from 2024, and a 271.6% increase since 2016.

In the past 9 years, Janus Henderson Group's cash and equivalents has ranged from $323.20 million in 2016 to $1.29 billion in 2025, and is currently $1.29 billion as of their latest financial filing in 2025.

Over the last 10 years, Janus Henderson Group's book value per share changed from 0.00 in 2015 to 33.07 in 2025, a change of 3,306.9%.


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Financial statements for NYSE:JHG last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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