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Federated Hermes FHI Free cash flow

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-$1.09B+10.0%
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$430M-73.9%
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Other financials

Income statement

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Revenue$479.0M+13.1%
Operating income$126.3M-4.1%
Net income$96.4M-4.7%
EPS (diluted)$1.27+1.6%

Balance sheet

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Cash & equivalents$513.9M+32.6%
Total debt$450.5M-1.9%
Total equity$1.2B+11.9%
Total assets$2.1B+7.1%

Cash flow

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Operating cash flow$28.8M+102%
CapEx$4.8M+398%

Valuation

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Market cap$4.48B+30.1%
Enterprise value$4.42B+25.5%
P/E11.3×-0.5×
P/S2.4×+0.3×

Profitability

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Operating margin27.4%+3.6pp
Net margin21.5%+3.7pp
FCF margin16.4%-4.2pp

Returns & leverage

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Return on equity35%+8.5pp
Debt / equity0.4×-0.1×
Current ratio3.3×+0.2×

Where this comes from

Calculated from Federated Hermes’s reported figures.

The official record: Federated Hermes’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Federated Hermes's free cash flow?
Federated Hermes (FHI) reported free cash flow of $24M in Q1 2026.
How has Federated Hermes's free cash flow changed year-over-year?
Federated Hermes's free cash flow increased by 80.1% year-over-year, from $13.33M to $24M.
What is the long-term trend for Federated Hermes's free cash flow?
Over 4 years (2021 to 2025), Federated Hermes's free cash flow has grown at a 16.5% compound annual growth rate (CAGR), from $159.96M to $294.58M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.