InsiderClue
Stocks · Financials · Investment Advice

FEDERATED HERMES, INC.

FHI Clue Score73
United States Fiscal year ends December CIK 0001056288
$56.52 +1.02% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $56.52 +72.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,143.4Operating income335.7Net income208.9Fiscal year 2017Revenue1,102.9 −3.5%Operating income341.5Net income291.3 +39.5%Fiscal year 2018Revenue1,135.7 +3.0%Operating income330.3Net income220.3 −24.4%EPS, diluted2.18Fiscal year 2019Revenue1,326.9 +16.8%Operating income347.9Net income272.3 +23.6%EPS, diluted2.69 +23.4%Fiscal year 2020Revenue1,448.3 +9.1%Operating income418.2Net income326.4 +19.8%EPS, diluted3.23 +20.1%Fiscal year 2021Revenue1,300.4 −10.2%Operating income366.3Net income270.3 −17.2%EPS, diluted2.75 −14.9%Fiscal year 2022Revenue1,445.8 +11.2%Operating income336.8Net income239.5 −11.4%EPS, diluted2.65 −3.6%Fiscal year 2023Revenue1,609.6 +11.3%Operating income387.5Net income299.0 +24.8%EPS, diluted3.40 +28.3%Fiscal year 2024Revenue1,632.1 +1.4%Operating income361.5Net income268.3 −10.3%EPS, diluted3.23 −5.0%Fiscal year 2025Revenue1,800.7 +10.3%Operating income513.9Net income403.3 +50.3%EPS, diluted5.13 +58.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,143.4 1,102.9 1,135.7 1,326.9 1,448.3 1,300.4 1,445.8 1,609.6 1,632.1 1,800.7
Growth −3.5% +3.0% +16.8% +9.1% −10.2% +11.2% +11.3% +1.4% +10.3%
Operating income 335.7 341.5 330.3 347.9 418.2 366.3 336.8 387.5 361.5 513.9
Net income 208.9 291.3 220.3 272.3 326.4 270.3 239.5 299.0 268.3 403.3
Growth +39.5% −24.4% +23.6% +19.8% −17.2% −11.4% +24.8% −10.3% +50.3%
EPS, diluted n/a n/a 2.18 2.69 3.23 2.75 2.65 3.40 3.23 5.13
Growth +23.4% +20.1% −14.9% −3.6% +28.3% −5.0% +58.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin29.4%Net margin18.3%Free cash flow margin22.1%Fiscal year 2017Operating margin31.0%Net margin26.4%Free cash flow margin34.2%Fiscal year 2018Operating margin29.1%Net margin19.4%Free cash flow margin16.6%Fiscal year 2019Operating margin26.2%Net margin20.5%Free cash flow margin24.1%Fiscal year 2020Operating margin28.9%Net margin22.5%Free cash flow margin24.8%Fiscal year 2021Operating margin28.2%Net margin20.8%Free cash flow margin12.3%Fiscal year 2022Operating margin23.3%Net margin16.6%Free cash flow margin22.1%Fiscal year 2023Operating margin24.1%Net margin18.6%Free cash flow margin18.9%Fiscal year 2024Operating margin22.1%Net margin16.4%Free cash flow margin21.0%Fiscal year 2025Operating margin28.5%Net margin22.4%Free cash flow margin16.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 29.4% 31.0% 29.1% 26.2% 28.9% 28.2% 23.3% 24.1% 22.1% 28.5%
Net margin 18.3% 26.4% 19.4% 20.5% 22.5% 20.8% 16.6% 18.6% 16.4% 22.4%
Free cash flow margin 22.1% 34.2% 16.6% 24.1% 24.8% 12.3% 22.1% 18.9% 21.0% 16.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow265.7Capital expenditure−12.8Free cash flow252.8Buybacks−81.8Dividends paid−205.5Fiscal year 2017Operating cash flow387.4Capital expenditure−9.8Free cash flow377.6 +49.3%Buybacks−48.6Dividends paid−101.5Fiscal year 2018Operating cash flow206.3Capital expenditure−17.3Free cash flow189.0 −49.9%Buybacks−29.2Dividends paid−106.9Fiscal year 2019Operating cash flow334.9Capital expenditure−15.0Free cash flow319.9 +69.2%Buybacks−15.7Dividends paid−109.1Fiscal year 2020Operating cash flow373.2Capital expenditure−13.5Free cash flow359.7 +12.5%Buybacks−66.8Dividends paid−207.8Fiscal year 2021Operating cash flow170.4Capital expenditure−10.4Free cash flow160.0 −55.5%Buybacks−228.3Dividends paid−105.8Fiscal year 2022Operating cash flow323.9Capital expenditure−4.4Free cash flow319.6 +99.8%Buybacks−218.1Dividends paid−97.9Fiscal year 2023Operating cash flow311.8Capital expenditure−7.9Free cash flow303.9 −4.9%Buybacks−177.1Dividends paid−98.1Fiscal year 2024Operating cash flow346.6Capital expenditure−4.0Free cash flow342.5 +12.7%Buybacks−137.6Dividends paid−184.8Fiscal year 2025Operating cash flow297.3Capital expenditure−2.8Free cash flow294.6 −14.0%Buybacks−262.8Dividends paid−104.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 265.7 387.4 206.3 334.9 373.2 170.4 323.9 311.8 346.6 297.3
Capital expenditure −12.8 −9.8 −17.3 −15.0 −13.5 −10.4 −4.4 −7.9 −4.0 −2.8
Free cash flow 252.8 377.6 189.0 319.9 359.7 160.0 319.6 303.9 342.5 294.6
Growth +49.3% −49.9% +69.2% +12.5% −55.5% +99.8% −4.9% +12.7% −14.0%
Buybacks −81.8 −48.6 −29.2 −15.7 −66.8 −228.3 −218.1 −177.1 −137.6 −262.8
Dividends paid −205.5 −101.5 −106.9 −109.1 −207.8 −105.8 −97.9 −98.1 −184.8 −104.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash104.8Shareholders’ equity594.8Fiscal year 2017Cash316.3Shareholders’ equity761.2Fiscal year 2018Cash156.8Shareholders’ equity857.1Fiscal year 2019Cash249.2Shareholders’ equity1,041.3Fiscal year 2020Cash301.8Shareholders’ equity1,137.0Fiscal year 2021Cash233.3Total debt223.4Net cash (debt)10.0Shareholders’ equity1,114.0Debt to equity0.20Fiscal year 2022Cash336.8Total debt347.6Net cash (debt)−10.8Shareholders’ equity1,045.7Debt to equity0.33Fiscal year 2023Cash383.2Total debt347.8Net cash (debt)35.3Shareholders’ equity1,128.3Debt to equity0.31Fiscal year 2024Cash504.4Total debt348.1Net cash (debt)156.3Shareholders’ equity1,095.2Debt to equity0.32Fiscal year 2025Cash582.5Total debt348.4Net cash (debt)234.2Shareholders’ equity1,196.9Debt to equity0.29
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 104.8 316.3 156.8 249.2 301.8 233.3 336.8 383.2 504.4 582.5
Total debt n/a n/a n/a n/a n/a 223.4 347.6 347.8 348.1 348.4
Net cash (debt) n/a n/a n/a n/a n/a 10.0 −10.8 35.3 156.3 234.2
Shareholders’ equity 594.8 761.2 857.1 1,041.3 1,137.0 1,114.0 1,045.7 1,128.3 1,095.2 1,196.9
Debt to equity n/a n/a n/a n/a n/a 0.20 0.33 0.31 0.32 0.29

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
265.7 387.4 206.3 334.9 373.2 170.4 323.9 311.8 346.6 297.3
Growth +45.8% −46.7% +62.4% +11.4% −54.4% +90.1% −3.7% +11.1% −14.2%
9.7 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Investment
−12.8 −9.8 −17.3 −15.0 −13.5 −10.4 −4.4 −7.9 −4.0 −2.8
calc 252.8 377.6 189.0 319.9 359.7 160.0 319.6 303.9 342.5 294.6
Growth +49.3% −49.9% +69.2% +12.5% −55.5% +99.8% −4.9% +12.7% −14.0%
calc 2.55 3.88 1.95 3.29 3.73 1.71 3.73 3.62 4.31 3.92
−21.0 1.0 −174.4 −94.7 −24.8 10.8 −32.4 −30.6 64.3 2.0
Financing
−312.4 −176.9 −186.1 −152.7 −295.1 −249.5 −168.5 −243.1 −286.4 −237.9
−205.5 −101.5 −106.9 −109.1 −207.8 −105.8 −97.9 −98.1 −184.8 −104.9
−81.8 −48.6 −29.2 −15.7 −66.8 −228.3 −218.1 −177.1 −137.6 −262.8

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.