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Earnings transcript
Read the complete earnings call transcript.
FHI
Federated Hermes, Inc.
$57.81
-0.24
(-0.41%)
| Exchange: | NYSE |
| Market Cap: | 4.392B |
| Shares Outstanding: | 128.5M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Asset Management | |||||
| CEO: | John Christopher Donahue | |||||
| Full Time Employees: | 2000 | |||||
| Address: |
| |||||
| Website: | https://www.federatedinvestors.com |
Federated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,609,574 | 1,632,093 | 1,810,989 |
| Gross Profit | 1,046,186 | 1,091,607 | 1,332,078 |
| EBITDA | 427,600 | 416,703 | 582,518 |
| Operating Income | 387,549 | 361,467 | 535,001.999 |
| Net Income | 298,980 | 268,314 | 403,299 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,101,844 | 2,084,684 | 2,229,337 |
| Total Liabilities | 947,747 | 933,964 | 965,860 |
| Total Stockholders Equity | 1,128,252 | 1,095,206 | 1,196,948 |
| Total Debt | 457,942 | 461,967 | 348,369 |
| Cash and Cash Equivalents | 383,180 | 504,441 | 724,297 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 311,831 | 346,554 | 0 |
| Capital Expenditure | -7,915 | -4,024 | 0 |
| Free Cash Flow | 303,916 | 342,530 | 0 |
| Net Income | 304,781 | 268,430 | 403,299 |
| Net Change in Cash | 45,999 | 120,613 | -507,567 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,230,309.388 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,351,016.102 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,280,600 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 735,187.353 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 774,976.474 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 751,764.884 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 478,376.075 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 512,262.549 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 492,494.688 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 746,956.307 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 787,382.376 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 763,799.212 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.560 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.820 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.370 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Assets Under Management (AUM): As highlighted in the Q2 2025 earnings call transcript, Federated Hermes reported record AUM, indicating strong investor confidence and effective asset management strategies, which bolster the company’s market position.
- Solid Financial Performance: Key metrics such as revenue, gross profit, and net income from recent income statements reflect consistent operational efficiency, supported by a healthy net profit margin (TTM) and positive free cash flow yield (TTM), demonstrating financial stability.
- Strong Industry Positioning: Performance data shows FHI outperforming industry averages over multiple timeframes (e.g., perf1y, perf5y), suggesting competitive strength within the asset management sector and resilience against sector-wide fluctuations.
- Experienced Leadership: The earnings call summary underscores strategic focus under the current CEO, with proactive measures to address market challenges, enhancing long-term growth prospects through disciplined management.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FHI intrinsic value between $63.34 – $63.45 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about FHI valuation
Is Federated Hermes, Inc. (FHI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Federated Hermes, Inc. (FHI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is FHI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FHI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is FHI’s P/E ratio?
You can see FHI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for FHI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is FHI a good long-term investment?
Whether FHI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
FHI
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.41
Trading Metrics:
| Open: | 57.4 | Previous Close: | 58.05 | |
| Day Low: | 56.25 | Day High: | 58.57 | |
| Year Low: | 35.05 | Year High: | 58.57 | |
| Price Avg 50: | 55.34 | Price Avg 200: | 51.71 | |
| Volume: | 507711 | Average Volume: | 773525 |
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Login — it's freeFHI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Federated Hermes, Inc., or FHI as you might know it on the ticker. If you’re not too familiar with this name, let me give you the quick rundown. Federated Hermes is a powerhouse in the asset management space, operating within the financial services sector, specifically in the investment management industry. They’ve got a global presence, managing a wide range of assets for institutional and individual investors. Think mutual funds, ETFs, and alternative investments—they’ve got…
