Cash flow Federated Hermes, Inc.

Equities

FHI

US3142111034

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 21:00:02 13/02/2026 GMT			5-day change	1st Jan Change
55.44 ^USD	+2.10%		+5.90%	+6.47%

02-13	S&P 500 ends up slightly as tech dips, inflation cools	RE
02-13	Wall St indexes rises as tech steadies, inflation cools	RE

a8bbb388164f840f77ceb59973a1d34a.Pyci3XYmZ7k5rtuEW5Kz3AU2cNluLkZewp49-rItd-Q.b0RpugIeA9J1w6zzLv3HsE5HL5chGjZnu9ZUzvR5OqgOcWXsA1cW1wHWqA

Published financial data: FEDERATED HERMES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.45B	1.3B	1.45B	1.61B	1.63B
Other Revenues, Total	-	-	-	-	-
Total Revenues	1.45B	1.3B	1.45B	1.61B	1.63B
Cost of Goods Sold, Total	503M	532M	513M	563M	540M
Gross Profit	945M	768M	933M	1.05B	1.09B
Selling General & Admin Expenses, Total	498M	368M	527M	608M	633M
Other Operating Expenses	29.18M	33.53M	54.07M	53.65M	33.68M
Other Operating Expenses, Total	527M	402M	581M	662M	666M
Operating Income	418M	366M	352M	384M	425M
Interest Expense, Total	-2.68M	-1.78M	-11.07M	-12.52M	-12.66M
Interest And Investment Income	4.12M	3.17M	8.97M	22.56M	26.06M
Net Interest Expenses	1.44M	1.39M	-2.1M	10.04M	13.4M
Currency Exchange Gains (Loss)	-	-1.3M	-15.4M	3.4M	2.5M
Other Non Operating Income (Expenses)	898K	400K	222K	562K	139K
EBT, Excl. Unusual Items	420M	367M	335M	398M	441M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	25.57M	9.53M	-28.7M	13.18M	6.6M
Asset Writedown	-	-	-	-	-66.33M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	446M	376M	306M	411M	382M
Income Tax Expense	110M	104M	71.66M	107M	113M
Earnings From Continuing Operations	336M	272M	235M	305M	268M
Net Income to Company	336M	272M	235M	305M	268M
Minority Interest	-9.66M	-2.02M	4.93M	-5.8M	-116K
Net Income - (IS)	326M	270M	239M	299M	268M
Preferred Dividend and Other Adjustments	12.79M	11.28M	11.83M	13.98M	11.6M
Net Income to Common Incl Extra Items	314M	259M	228M	285M	257M
Net Income to Common Excl. Extra Items	314M	259M	228M	285M	257M
Per Share Items
Net EPS - Basic	3.25	2.77	2.65	3.4	3.23
Basic EPS - Continuing Operations	3.25	2.77	2.65	3.4	3.23
Basic Weighted Average Shares Outstanding	96.42M	93.6M	85.76M	83.86M	79.43M
Net EPS - Diluted	3.23	2.75	2.65	3.4	3.23
Diluted EPS - Continuing Operations	3.23	2.75	2.65	3.4	3.23
Diluted Weighted Average Shares Outstanding	96.42M	93.6M	85.77M	83.86M	79.43M
Normalized Basic EPS	2.63	2.43	2.5	2.9	3.47
Normalized Diluted EPS	2.63	2.43	2.5	2.9	3.47
Dividend Per Share	1.08	1.08	1.08	1.11	1.21
Payout Ratio	33.23	39.13	40.88	32.81	68.88
Supplemental Items
EBITDA	447M	396M	380M	411M	448M
EBITA	432M	380M	365M	398M	438M
EBIT	418M	366M	352M	384M	425M
EBITDAR	460M	415M	399M	430M	467M
Total Revenues (As Reported)	1.45B	1.3B	1.45B	1.61B	1.63B
Effective Tax Rate - (Ratio)	24.67	27.63	23.4	25.9	29.66
Current Domestic Taxes	88.7M	81.98M	89.8M	103M	128M
Current Foreign Taxes	3.17M	2.97M	580K	-540K	477K
Total Current Taxes	91.87M	84.95M	90.38M	102M	128M
Deferred Domestic Taxes	12.36M	4.88M	-1.84M	3.5M	-5.21M
Deferred Foreign Taxes	5.81M	14.16M	-16.87M	751K	-9.73M
Total Deferred Taxes	18.17M	19.03M	-18.72M	4.25M	-14.94M
Normalized Net Income	253M	227M	214M	243M	276M
Supplemental Operating Expense Items
Advertising Expense	15.83M	21.6M	20.93M	22.99M	24.09M
Selling and Marketing Expenses	334M	182M	335M	394M	406M
General and Administrative Expenses	146M	161M	160M	179M	192M
Net Rental Expense, Total	13M	19M	19M	19.5M	19.2M
Imputed Operating Lease Interest Expense	1.28M	971K	4.21M	4.29M	4.23M
Imputed Operating Lease Depreciation	11.72M	18.03M	14.79M	15.21M	14.97M
Stock-Based Comp., COGS (Total)	8.79M	9.41M	35.5M	33.95M	28.78M
Stock-Based Comp., Other (Total)	26.67M	30.29M	-	-	-
Total Stock-Based Compensation	35.46M	39.7M	35.5M	33.95M	28.78M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	302M	233M	337M	383M	504M
Short Term Investments	137M	193M	185M	177M	137M
Total Cash And Short Term Investments	439M	427M	522M	561M	641M
Accounts Receivable, Total	106M	96.27M	94.01M	124M	106M
Total Receivables	106M	96.27M	94.01M	124M	106M
Prepaid Expenses	22.13M	29.32M	27M	29.74M	29.29M
Restricted Cash	6.46M	4.42M	3.77M	3.5M	2.66M
Other Current Assets, Total	2.02M	2.76M	4.49M	2.4M	2.13M
Total Current Assets	575M	559M	651M	721M	781M
Gross Property Plant And Equipment	281M	269M	248M	250M	248M
Accumulated Depreciation	-106M	-114M	-120M	-120M	-118M
Net Property Plant And Equipment	175M	155M	129M	130M	130M
Long-term Investments	6.9M	17.5M	-	-	-
Goodwill	800M	799M	800M	807M	805M
Other Intangibles, Total	482M	471M	409M	409M	328M
Other Long-Term Assets, Total	21.89M	15.89M	31.27M	34.53M	40.36M
Total Assets	2.06B	2.02B	2.02B	2.1B	2.08B
Liabilities
Accounts Payable, Total	61.74M	64.02M	73.9M	88.29M	97.21M
Accrued Expenses, Total	171M	162M	150M	158M	157M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	15.84M	17.45M	18.39M	16.28M	16.7M
Other Current Liabilities	17.22M	27.04M	15.36M	24.38M	18.22M
Total Current Liabilities	265M	271M	257M	287M	289M
Long-Term Debt	75M	223M	348M	348M	348M
Long-Term Leases	122M	105M	86.81M	93.82M	97.17M
Deferred Tax Liability Non Current	188M	205M	180M	186M	171M
Other Non Current Liabilities	36.55M	36.44M	40.75M	32.45M	28.54M
Total Liabilities	687M	841M	913M	948M	934M
Common Stock, Total	419M	449M	441M	475M	504M
Additional Paid In Capital	-	-	-	2K	-
Retained Earnings	1.03B	1.19B	1.02B	1.19B	1.26B
Treasury Stock	-325M	-538M	-365M	-521M	-633M
Comprehensive Income and Other	15.17M	16.36M	-45.68M	-19.91M	-32.08M
Total Common Equity	1.14B	1.11B	1.05B	1.13B	1.1B
Minority Interest	237M	63.2M	61.82M	25.84M	55.51M
Total Equity	1.37B	1.18B	1.11B	1.15B	1.15B
Total Liabilities And Equity	2.06B	2.02B	2.02B	2.1B	2.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	95.1M	87.84M	84.75M	80.56M	77.67M
ECS Total Common Shares Outstanding	95.38M	89.25M	84.75M	80.96M	78.13M
Book Value / Share	11.92	12.48	12.34	13.94	14.02
Tangible Book Value	-145M	-156M	-164M	-88.35M	-37.49M
Tangible Book Value Per Share	-1.52	-1.75	-1.93	-1.09	-0.48
Total Debt	213M	346M	453M	458M	462M
Net Debt	-226M	-80.61M	-68.97M	-103M	-179M
Debt Equivalent Oper. Leases	104M	152M	152M	156M	154M
Minority Interest, Total (Incl. Fin. Div)	237M	63.2M	61.82M	25.84M	55.51M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	24.72M	24.53M	25.77M	23.56M	23.13M
Full Time Employees	1.99K	1.97K	1.96K	2.02K	2.07K
Accumulated Allowance for Doubtful Accounts (Supple)	16K	21K	21K	21K	21K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	326M	270M	239M	299M	268M
Depreciation & Amortization - CF	14.76M	16.21M	15.58M	12.94M	9.43M
Amortization of Goodwill and Intangible Assets - (CF)	13.8M	13.8M	12.5M	13.9M	13M
Depreciation & Amortization, Total	28.56M	30.01M	28.08M	26.84M	22.43M
Amortization of Deferred Charges, Total - (CF)	1.37M	-	-	-	-
(Gain) Loss From Sale Of Asset	1.38M	-6.96M	4.84M	260K	-1.55M
(Gain) Loss on Sale of Investments - (CF)	-19.4M	-1.96M	24.38M	-13.42M	-3.93M
Asset Writedown & Restructuring Costs	-	-	31.52M	-	66.33M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	35.46M	39.7M	35.5M	33.95M	28.78M
Other Operating Activities, Total	11.8M	-148M	-43.84M	-22.63M	-51.4M
Change In Accounts Receivable	11.65M	6.66M	-4.37M	-27.57M	17.35M
Change In Accounts Payable	695K	-6.36M	4.67M	14.63M	9.36M
Change in Other Net Operating Assets	-24.64M	-13M	3.65M	801K	-9.13M
Cash from Operations	373M	170M	324M	312M	347M
Capital Expenditure	-13.5M	-15.74M	-4.37M	-7.92M	-4.02M
Cash Acquisitions	2.7M	-	-28.11M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-14.02M	26.56M	126K	-22.7M	72.38M
Other Investing Activities, Total	-	-	-	-	-4.1M
Cash from Investing	-24.82M	10.82M	-32.36M	-30.61M	64.25M
Long-Term Debt Issued, Total	100M	296M	488M	-	-
Total Debt Issued	100M	296M	488M	-	-
Long-Term Debt Repaid, Total	-125M	-147M	-362M	-	-
Total Debt Repaid	-125M	-147M	-362M	-	-
Issuance of Common Stock	1.46M	-	-	-	-
Repurchase of Common Stock	-66.76M	-228M	-218M	-177M	-138M
Common Dividends Paid	-108M	-106M	-97.92M	-98.09M	-185M
Common & Preferred Stock Dividends Paid	-108M	-106M	-97.92M	-98.09M	-185M
Special Dividend Paid	-99.3M	-	-	-	-
Other Financing Activities, Total	2.93M	-63.71M	20.89M	32.07M	36.03M
Cash from Financing	-295M	-249M	-169M	-243M	-286M
Foreign Exchange Rate Adjustments	5.84M	-2.31M	-20.17M	7.86M	-3.8M
Net Change in Cash	59.12M	-70.58M	103M	46M	121M
Supplemental Items
Cash Interest Paid	2.39M	1.13M	7.18M	11.65M	11.59M
Cash Income Tax Paid (Refund)	98.73M	91.92M	85.58M	109M	126M
Levered Free Cash Flow	328M	289M	262M	286M	326M
Unlevered Free Cash Flow	330M	290M	269M	294M	334M
Change In Net Working Capital	-16.54M	-7.46M	10.74M	-1.26M	-21.18M
Net Debt Issued / Repaid	-25M	148M	127M	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.26	11.22	10.9	11.65	12.7
Return on Total Capital	17.07	14.72	14.28	15.14	16.49
Return On Equity %	25.58	21.35	20.53	26.95	23.29
Return on Common Equity	28.79	23.01	21.08	26.22	23.09
Margin Analysis
Gross Profit Margin %	65.24	59.05	64.54	65	66.88
SG&A Margin	34.35	28.31	36.44	37.8	38.76
EBITDA Margin %	30.84	30.47	26.3	25.53	27.43
EBITA Margin %	29.83	29.23	25.22	24.73	26.85
EBIT Margin %	28.87	28.16	24.36	23.87	26.06
Income From Continuing Operations Margin %	23.2	20.94	16.22	18.94	16.45
Net Income Margin %	22.53	20.78	16.56	18.58	16.44
Net Avail. For Common Margin %	21.65	19.92	15.75	17.71	15.73
Normalized Net Income Margin	17.48	17.47	14.82	15.1	16.89
Levered Free Cash Flow Margin	22.65	22.24	18.1	17.79	19.99
Unlevered Free Cash Flow Margin	22.77	22.33	18.58	18.28	20.48
Asset Turnover
Asset Turnover	0.73	0.64	0.72	0.78	0.78
Fixed Assets Turnover	8.86	7.88	10.19	12.45	12.54
Receivables Turnover (Average Receivables)	13.92	12.86	15.2	14.74	14.15
Short Term Liquidity
Current Ratio	2.17	2.07	2.53	2.51	2.7
Quick Ratio	2.05	1.93	2.39	2.38	2.58
Operating Cash Flow to Current Liabilities	1.41	0.63	1.26	1.09	1.2
Days Sales Outstanding (Average Receivables)	26.29	28.38	24.02	24.77	25.86
Average Days Payable Outstanding	47.53	43.1	49.09	52.54	62.81
Long Term Solvency
Total Debt/Equity	15.49	29.4	40.88	39.68	40.15
Total Debt / Total Capital	13.41	22.72	29.02	28.41	28.65
LT Debt/Equity	14.33	27.91	39.22	38.27	38.7
Long-Term Debt / Total Capital	12.41	21.57	27.84	27.4	27.61
Total Liabilities / Total Assets	33.33	41.67	45.19	45.09	44.8
EBIT / Interest Expense	156.14	205.19	31.81	30.69	33.58
EBITDA / Interest Expense	171.66	232.65	36.06	34.39	36.87
(EBITDA - Capex) / Interest Expense	166.62	223.83	35.66	33.75	36.55
Total Debt / EBITDA	0.46	0.83	1.13	1.06	0.99
Net Debt / EBITDA	-0.49	-0.19	-0.17	-0.24	-0.38
Total Debt / (EBITDA - Capex)	0.48	0.87	1.15	1.08	1
Net Debt / (EBITDA - Capex)	-0.51	-0.2	-0.17	-0.24	-0.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.15	-10.21	11.18	11.33	1.4
Gross Profit, 1 Yr. Growth %	6.8	-18.72	21.5	12.12	4.34
EBITDA, 1 Yr. Growth %	19.49	-11.56	-2.94	-0.2	8.94
EBITA, 1 Yr. Growth %	21.53	-12.01	-2.9	0.46	10.11
EBIT, 1 Yr. Growth %	20.18	-12.41	-2.65	0.11	10.71
Earnings From Cont. Operations, 1 Yr. Growth %	21.25	-18.96	-13.86	29.94	-11.93
Net Income, 1 Yr. Growth %	19.84	-17.18	-11.39	24.84	-10.26
Normalized Net Income, 1 Yr. Growth %	14.86	-10.25	-5.7	3.88	13.44
Diluted EPS Before Extra, 1 Yr. Growth %	20.14	-14.76	-3.63	28.25	-4.96
Accounts Receivable, 1 Yr. Growth %	3.8	-9.15	-2.35	32.34	-14.62
Net Property, Plant and Equip., 1 Yr. Growth %	14.75	-11.12	-17.18	1.07	0.23
Total Assets, 1 Yr. Growth %	9.61	-2.07	0.11	4.03	-0.82
Tangible Book Value, 1 Yr. Growth %	-19.2	7.61	5.01	-46.09	-57.56
Common Equity, 1 Yr. Growth %	9.19	-2.02	-6.13	7.9	-2.93
Cash From Operations, 1 Yr. Growth %	11.44	-54.35	90.13	-3.74	11.14
Capital Expenditures, 1 Yr. Growth %	-81.53	16.63	-72.23	81.04	-49.16
Levered Free Cash Flow, 1 Yr. Growth %	41.98	-11.85	-8.64	1.79	13.92
Unlevered Free Cash Flow, 1 Yr. Growth %	40.79	-11.95	-6.59	2.06	13.58
Dividend Per Share, 1 Yr. Growth %	0	0	0	2.78	9.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	12.93	-1	-0.08	11.25	6.25
Gross Profit, 2 Yr. CAGR %	10	-6.83	-0.62	16.72	8.16
EBITDA, 2 Yr. CAGR %	13.4	2.67	-7.88	1.84	6.28
EBITA, 2 Yr. CAGR %	13.3	3.41	-8.11	2.34	7.28
EBIT, 2 Yr. CAGR %	12.52	2.6	-8.22	2.41	7.46
Earnings From Cont. Operations, 2 Yr. CAGR %	22.95	-0.87	-16.45	5.79	6.98
Net Income, 2 Yr. CAGR %	21.72	-0.38	-14.34	5.17	5.85
Normalized Net Income, 2 Yr. CAGR %	11.41	1.53	-8.84	3.43	8.56
Diluted EPS Before Extra, 2 Yr. CAGR %	21.78	1.19	-9.38	11.17	10.4
Accounts Receivable, 2 Yr. CAGR %	5.57	-2.89	-5.81	13.68	6.3
Net Property, Plant and Equip., 2 Yr. CAGR %	81.16	0.99	-14.2	-8.51	0.65
Total Assets, 2 Yr. CAGR %	15.54	3.61	-0.98	2.05	1.58
Tangible Book Value, 2 Yr. CAGR %	-29.54	-6.75	6.3	-24.76	-52.17
Common Equity, 2 Yr. CAGR %	15.18	3.43	-4.1	0.64	2.34
Cash From Operations, 2 Yr. CAGR %	34.51	-28.68	-6.84	35.28	3.43
Capital Expenditures, 2 Yr. CAGR %	-11.6	-53.59	-43.09	-29.1	-4.06
Levered Free Cash Flow, 2 Yr. CAGR %	16.89	11.88	-10.69	-0.49	9.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.3	11.34	-9.75	0.67	9.51
Dividend Per Share, 2 Yr. CAGR %	0.94	0	0	1.38	5.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.51	4.62	2.9	3.58	7.87
Gross Profit, 3 Yr. CAGR %	5.11	-0.56	1.79	3.45	12.44
EBITDA, 3 Yr. CAGR %	8.25	4.49	0.38	-2.84	4.15
EBITA, 3 Yr. CAGR %	8.08	4.14	0.86	-2.69	4.87
EBIT, 3 Yr. CAGR %	6.98	3.51	0.41	-2.79	5.11
Earnings From Cont. Operations, 3 Yr. CAGR %	4.45	7	-5.41	-3.2	-0.48
Net Income, 3 Yr. CAGR %	3.86	7.06	-4.19	-2.88	-0.24
Normalized Net Income, 3 Yr. CAGR %	6.19	3.66	-0.94	-1.95	6.66
Diluted EPS Before Extra, 3 Yr. CAGR %	3.98	8.12	-0.45	1.74	5.51
Accounts Receivable, 3 Yr. CAGR %	25.6	0.42	-2.71	5.5	3.33
Net Property, Plant and Equip., 3 Yr. CAGR %	66.76	42.88	-5.47	-9.38	-5.68
Total Assets, 3 Yr. CAGR %	18.73	9.35	2.43	0.66	1.09
Tangible Book Value, 3 Yr. CAGR %	81.39	-18.86	-2.99	-15.23	-37.83
Common Equity, 3 Yr. CAGR %	14.31	9.13	0.14	-0.26	-0.57
Cash From Operations, 3 Yr. CAGR %	-1.23	-6.17	-1.11	-5.82	26.7
Capital Expenditures, 3 Yr. CAGR %	11.27	-3.04	-60.89	-16.3	-36.54
Levered Free Cash Flow, 3 Yr. CAGR %	13.48	6.4	4.23	-4.43	4.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.17	6	4.67	-3.73	4.8
Dividend Per Share, 3 Yr. CAGR %	2.6	0.62	0	0.92	3.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.34	2.61	5.56	7.22	4.23
Gross Profit, 5 Yr. CAGR %	8.11	-1.94	2.78	6.02	4.29
EBITDA, 5 Yr. CAGR %	9.07	2.79	1.55	3.42	3.56
EBITA, 5 Yr. CAGR %	9.07	2.45	1.29	3.42	4.28
EBIT, 5 Yr. CAGR %	8.36	1.76	0.62	3.07	4.1
Earnings From Cont. Operations, 5 Yr. CAGR %	14.33	4.22	-4.48	6.51	-0.64
Net Income, 5 Yr. CAGR %	13.96	5.29	-3.84	6.3	-0.3
Normalized Net Income, 5 Yr. CAGR %	7.89	2.67	0.27	3.57	4.58
Diluted EPS Before Extra, 5 Yr. CAGR %	14.78	6.26	-1.58	9.33	3.76
Accounts Receivable, 5 Yr. CAGR %	25.88	16.53	11.94	5.53	0.8
Net Property, Plant and Equip., 5 Yr. CAGR %	37.35	31.64	27.84	19.55	-3.07
Total Assets, 5 Yr. CAGR %	11.66	11.81	10.41	6.37	2.09
Tangible Book Value, 5 Yr. CAGR %	10.84	2.44	46.48	-21.27	-26.89
Common Equity, 5 Yr. CAGR %	11.91	13.37	6.56	5.65	1.01
Cash From Operations, 5 Yr. CAGR %	9.86	-8.5	-3.51	8.62	0.68
Capital Expenditures, 5 Yr. CAGR %	17.51	4.17	-14.91	-14.45	-44
Levered Free Cash Flow, 5 Yr. CAGR %	8.41	4.5	3.11	3.59	7.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.26	4.35	3.38	3.83	7.37
Dividend Per Share, 5 Yr. CAGR %	1.55	1.55	1.55	0.93	2.3