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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	27.4%-1.1pp	28.5%+0.5pp	28%0.0pp	28%+4.2pp	23.8%+1.6pp
Net margin	21.5%-0.9pp	22.4%+0.5pp	21.9%+0.2pp	21.7%+3.9pp	17.7%+1.3pp
Returns
Return on equity	35%-0.2pp	35.2%+1.6pp	33.6%-0.6pp	34.2%+7.7pp	26.5%+2.3pp
Return on invested capital	33.3%-3.3pp	36.6%+4.6pp	32%+2.2pp	29.8%+6.0pp	23.7%+1.2pp
Efficiency
Asset turnover	0.9×+0.1×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	3.3×+0.5×	2.7×-0.4×	3.1×-0.2×	3.4×+0.3×	3×+0.3×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	-0.1×+0.1×	-0.2×-0.1×	-0.1×-0.3×	0.2×0.0×	0.2×+0.3×
Valuation
Market capitalization	$4.3B+6.5%	$4.04B+0.3%	$4.03B+16.8%	$3.45B+4.4%	$3.31B-1.7%
Price / earnings	10.8×+0.8×	10×-0.6×	10.6×+1.1×	9.5×-1.8×	11.2×-1.3×
Price / sales	2.3×+0.1×	2.2×-0.1×	2.3×+0.3×	2.1×+0.1×	2×-0.1×
Price / book	3.6×+0.2×	3.4×0.0×	3.4×+0.3×	3.1×0.0×	3.1×0.0×
EV / EBITDA	8×+0.7×	7.3×-0.5×	7.8×+0.6×	7.2×-0.9×	8.1×-0.6×
Dividend yield	2.5%-0.1pp	2.6%0.0pp	2.6%-0.4pp	3%-2.7pp	5.6%+0.1pp

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Questions, answered.

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.