Where do Federated Hermes's ratios come from?

Every ratio is computed from Federated Hermes's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Federated Hermes FHI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	27.4%+3.6pp	28.5%+6.4pp	28%+5.9pp	28%+6.5pp	23.8%-0.9pp
Net margin	21.5%+3.7pp	22.4%+6.0pp	21.9%+5.2pp	21.7%+5.8pp	17.7%-1.0pp
Returns
Return on equity	35%+8.5pp	35.2%+11.1pp	33.6%+9.2pp	34.2%+10.6pp	26.5%-0.5pp
Return on invested capital	33.3%+9.6pp	36.6%+14.1pp	32%+10.8pp	29.8%+9.7pp	23.7%+0.1pp
Efficiency
Asset turnover	0.9×+0.1×	0.8×+0.1×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	3.3×+0.2×	2.7×0.0×	3.1×+0.4×	3.4×+0.6×	3×-0.3×
Leverage
Debt-to-equity	0.4×-0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	-0.1×-0.3×	-0.2×-0.1×	-0.1×-0.3×	0.2×-0.2×	0.2×0.0×
Valuation
Market capitalization	$4.3B+30.1%	$4.04B+20.1%	$4.03B+36.9%	$3.45B+30.0%	$3.31B+13.4%
Price / earnings	10.8×-0.4×	10×-2.5×	10.6×-0.5×	9.5×-1.0×	11.2×+1.7×
Price / sales	2.3×+0.3×	2.2×+0.2×	2.3×+0.5×	2.1×+0.4×	2×+0.2×
Price / book	3.6×+0.5×	3.4×+0.3×	3.4×+0.7×	3.1×+0.5×	3.1×+0.5×
EV / EBITDA	8×-0.1×	7.3×-1.4×	7.8×-0.2×	7.2×-0.5×	8.1×+1.0×
Dividend yield	2.5%-3.2pp	2.6%-2.9pp	2.6%-3.7pp	3%-3.9pp	5.6%+2.3pp

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Where do Federated Hermes's ratios come from?: Every ratio is computed from Federated Hermes's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.