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Federated Hermes FHI Return on invested capital

Return on invested capital at other companies

State Street logo
State StreetSTT
20.6%-2.4pp
Blackrock logo
BlackrockBLK
10.9%
BEN
Franklin ResourcesBEN
4%+1.4pp
T Rowe Price Group logo
T Rowe Price GroupTROW
22.7%0.0pp
Apollo Global Management logo
Apollo Global ManagementAPO
26%-36.6pp
Fidelity National Financial logo
Fidelity National FinancialFNF
11.4%-5.5pp

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%
Free cash flow$24.0M+80.1%

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.

Based on trailing twelve months.

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 return on invested capital?
Federated Hermes (FHI) reported return on invested capital of 33.3% in Q1 2026.
How has Federated Hermes's return on invested capital changed year-over-year?
Federated Hermes's return on invested capital increased by 40.4% year-over-year, from 23.7% to 33.3%.
What is the long-term trend for Federated Hermes's return on invested capital?
Over 5 years (2020 to 2025), Federated Hermes's return on invested capital has grown at a 1.8% compound annual growth rate (CAGR), from 33.4% to 36.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.