Asset Management
Build Your Comparison
Side-by-side financial analysisStock Comparison
FHI vs BLK vs JPM vs STT vs ICE
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
Banks - Diversified
Asset Management
Financial - Data & Stock Exchanges
FHI vs BLK vs JPM vs STT vs ICE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Asset Management | Asset Management | Banks - Diversified | Asset Management | Financial - Data & Stock Exchanges |
| Market Cap | $4.49B | $173.68B | $908.57B | $48.64B | $75.83B |
| Revenue (TTM) | $1.86B | $24.22B | $280.33B | $22.63B | $12.64B |
| Net Income (TTM) | $399M | $5.55B | $57.05B | $2.94B | $3.30B |
| Gross Margin | 51.5% | 50.5% | 60.0% | 61.4% | 61.9% |
| Operating Margin | 27.4% | 29.1% | 25.9% | 16.5% | 38.7% |
| Forward P/E | 11.6x | 19.7x | 14.6x | 13.5x | 16.5x |
| Total Debt | $457M | $15.00B | $942.38B | $29.80B | $20.28B |
| Cash & Equiv. | $584M | $11.47B | $343.34B | $131.36B | $837M |
FHI vs BLK vs JPM vs STT vs ICE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Federated Hermes, I… (FHI) | 100 | 249.2 | +149.2% |
| BlackRock, Inc. (BLK) | 100 | 193.0 | +93.0% |
| JPMorgan Chase & Co. (JPM) | 100 | 345.8 | +245.8% |
| State Street Corpor… (STT) | 100 | 264.8 | +164.8% |
| Intercontinental Ex… (ICE) | 100 | 146.2 | +46.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FHI vs BLK vs JPM vs STT vs ICE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FHI is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 3 yrs, beta 0.70, yield 2.4%
- Rev growth 11.0%, EPS growth 58.8%
- Lower volatility, beta 0.70, Low D/E 36.2%, current ratio 41.26x
- Beta 0.70, yield 2.4%, current ratio 41.26x
BLK ranks third and is worth considering specifically for growth.
- 18.7% NII/revenue growth vs STT's 3.0%
JPM is the clearest fit if your priority is long-term compounding and valuation efficiency.
- 481.2% 10Y total return vs STT's 225.7%
- PEG 0.83 vs BLK's 9.19
- NIM 2.2% vs FHI's 0.5%
- Lower P/E (14.6x vs 16.5x), PEG 0.83 vs 1.86
STT is the clearest fit if your priority is momentum.
- +72.8% vs ICE's -24.4%
ICE carries the broadest edge in this set and is the clearest fit for quality and stability.
- Efficiency ratio 0.2% vs STT's 0.4% (lower = leaner)
- Beta 0.38 vs BLK's 1.25
- Efficiency ratio 0.2% vs STT's 0.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.7% NII/revenue growth vs STT's 3.0% | |
| Value | Lower P/E (14.6x vs 16.5x), PEG 0.83 vs 1.86 | |
| Quality / Margins | Efficiency ratio 0.2% vs STT's 0.4% (lower = leaner) | |
| Stability / Safety | Beta 0.38 vs BLK's 1.25 | |
| Dividends | 2.4% yield, 3-year raise streak, vs BLK's 1.9% | |
| Momentum (1Y) | +72.8% vs ICE's -24.4% | |
| Efficiency (ROA) | Efficiency ratio 0.2% vs STT's 0.4% |
FHI vs BLK vs JPM vs STT vs ICE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FHI vs BLK vs JPM vs STT vs ICE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
STT leads in 2 of 6 categories
ICE leads 1 • FHI leads 1 • BLK leads 0 • JPM leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ICE leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
JPM is the larger business by revenue, generating $280.3B annually — 150.7x FHI's $1.9B. ICE is the more profitable business, keeping 26.1% of every revenue dollar as net income compared to STT's 13.0%.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.9B | $24.2B | $280.3B | $22.6B | $12.6B |
| EBITDAEarnings before interest/tax | $527M | $8.1B | $81.4B | $4.3B | $6.5B |
| Net IncomeAfter-tax profit | $399M | $5.6B | $57.0B | $2.9B | $3.3B |
| Free Cash FlowCash after capex | $307M | $3.6B | $100.9B | $2.7B | $4.3B |
| Gross MarginGross profit ÷ Revenue | +51.5% | +50.5% | +60.0% | +61.4% | +61.9% |
| Operating MarginEBIT ÷ Revenue | +27.4% | +29.1% | +25.9% | +16.5% | +38.7% |
| Net MarginNet income ÷ Revenue | +21.4% | +22.9% | +20.4% | +13.0% | +26.1% |
| FCF MarginFCF ÷ Revenue | +16.5% | +14.8% | +36.0% | +12.1% | +33.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +1.6% | -22.7% | +16.0% | +23.0% | +23.1% |
Valuation Metrics
STT leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 11.5x trailing earnings, FHI trades at a 61% valuation discount to BLK's 29.6x P/E. Adjusting for growth (PEG ratio), JPM offers better value at 0.92x vs BLK's 13.81x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $4.5B | $173.7B | $908.6B | $48.6B | $75.8B |
| Enterprise ValueMkt cap + debt − cash | $4.4B | $177.2B | $1.51T | -$52.9B | $95.3B |
| Trailing P/EPrice ÷ TTM EPS | 11.51x | 29.65x | 16.22x | 17.91x | 23.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.56x | 19.74x | 14.60x | 13.54x | 16.52x |
| PEG RatioP/E ÷ EPS growth rate | 1.19x | 13.81x | 0.92x | 2.17x | 2.61x |
| EV / EBITDAEnterprise value multiple | 7.82x | 22.99x | 18.52x | -12.35x | 14.76x |
| Price / SalesMarket cap ÷ Revenue | 2.48x | 7.17x | 3.25x | 2.15x | 6.00x |
| Price / BookPrice ÷ Book value/share | 3.51x | 2.82x | 2.51x | 1.75x | 2.64x |
| Price / FCFMarket cap ÷ FCF | 15.23x | 46.33x | 9.01x | 11.34x | 17.68x |
Profitability & Efficiency
FHI leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
FHI delivers a 29.5% return on equity — every $100 of shareholder capital generates $30 in annual profit, vs $10 for BLK. BLK carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to JPM's 2.60x. On the Piotroski fundamental quality scale (0–9), ICE scores 9/9 vs JPM's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +29.5% | +9.9% | +15.9% | +10.8% | +11.6% |
| ROA (TTM)Return on assets | +18.2% | +3.6% | +1.3% | +0.8% | +2.3% |
| ROICReturn on invested capital | +24.1% | +7.5% | +4.5% | +4.7% | +7.5% |
| ROCEReturn on capital employed | +26.3% | +4.6% | +8.9% | +4.5% | +9.5% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 | 5 | 7 | 9 |
| Debt / EquityFinancial leverage | 0.36x | 0.24x | 2.60x | 1.07x | 0.70x |
| Net DebtTotal debt minus cash | -$127M | $3.5B | $599.0B | -$101.6B | $19.4B |
| Cash & Equiv.Liquid assets | $584M | $11.5B | $343.3B | $131.4B | $837M |
| Total DebtShort + long-term debt | $457M | $15.0B | $942.4B | $29.8B | $20.3B |
| Interest CoverageEBIT ÷ Interest expense | 44.07x | 10.70x | 0.74x | 0.43x | 6.53x |
Total Returns (Dividends Reinvested)
STT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JPM five years ago would be worth $23,548 today (with dividends reinvested), compared to $12,637 for ICE. Over the past 12 months, STT leads with a +72.8% total return vs ICE's -24.4%. The 3-year compound annual growth rate (CAGR) favors STT at 34.3% vs ICE's 7.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +14.2% | -2.2% | +0.8% | +31.7% | -15.7% |
| 1-Year ReturnPast 12 months | +43.1% | +9.4% | +20.9% | +72.8% | -24.4% |
| 3-Year ReturnCumulative with dividends | +69.2% | +61.1% | +138.8% | +142.3% | +24.3% |
| 5-Year ReturnCumulative with dividends | +101.8% | +36.8% | +135.5% | +130.8% | +26.4% |
| 10-Year ReturnCumulative with dividends | +144.4% | +248.2% | +481.2% | +225.7% | +192.5% |
| CAGR (3Y)Annualised 3-year return | +19.2% | +17.2% | +33.7% | +34.3% | +7.5% |
Risk & Volatility
Evenly matched — FHI and ICE each lead in 1 of 2 comparable metrics.
Risk & Volatility
ICE is the less volatile stock with a 0.38 beta — it tends to amplify market swings less than BLK's 1.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FHI currently trades 98.7% from its 52-week high vs ICE's 70.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.70x | 1.25x | 0.87x | 1.14x | 0.38x |
| 52-Week HighHighest price in past year | $59.83 | $1219.94 | $338.09 | $174.66 | $189.35 |
| 52-Week LowLowest price in past year | $41.71 | $917.39 | $269.72 | $96.27 | $132.84 |
| % of 52W HighCurrent price vs 52-week peak | +98.7% | +86.1% | +96.2% | +96.4% | +70.7% |
| RSI (14)Momentum oscillator 0–100 | 67.2 | 56.1 | 72.1 | 74.6 | 29.6 |
| Avg Volume (50D)Average daily shares traded | 734K | 600K | 7.4M | 1.9M | 3.3M |
Analyst Outlook
Evenly matched — FHI and BLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FHI as "Hold", BLK as "Buy", JPM as "Buy", STT as "Buy", ICE as "Buy". Consensus price targets imply 44.9% upside for ICE (target: $194) vs -4.0% for STT (target: $162). For income investors, FHI offers the higher dividend yield at 2.36% vs ICE's 1.45%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $57.50 | $1301.63 | $339.75 | $161.50 | $194.00 |
| # AnalystsCovering analysts | 21 | 33 | 61 | 37 | 36 |
| Dividend YieldAnnual dividend ÷ price | +2.4% | +1.9% | +1.8% | +1.8% | +1.4% |
| Dividend StreakConsecutive years of raises | 3 | 16 | 15 | 15 | 13 |
| Dividend / ShareAnnual DPS | $1.40 | $20.24 | $5.95 | $3.09 | $1.93 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.9% | +1.1% | +3.8% | +2.7% | +1.8% |
STT leads in 2 of 6 categories (Valuation Metrics, Total Returns). ICE leads in 1 (Income & Cash Flow). 2 tied.
FHI vs BLK vs JPM vs STT vs ICE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FHI or BLK or JPM or STT or ICE a better buy right now?
For growth investors, BlackRock, Inc.
(BLK) is the stronger pick with 18. 7% revenue growth year-over-year, versus 3. 0% for State Street Corporation (STT). Federated Hermes, Inc. (FHI) offers the better valuation at 11. 5x trailing P/E (11. 6x forward), making it the more compelling value choice. Analysts rate BlackRock, Inc. (BLK) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FHI or BLK or JPM or STT or ICE?
On trailing P/E, Federated Hermes, Inc.
(FHI) is the cheapest at 11. 5x versus BlackRock, Inc. at 29. 6x. On forward P/E, Federated Hermes, Inc. is actually cheaper at 11. 6x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: JPMorgan Chase & Co. wins at 0. 83x versus BlackRock, Inc. 's 9. 19x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — FHI or BLK or JPM or STT or ICE?
Over the past 5 years, JPMorgan Chase & Co.
(JPM) delivered a total return of +135. 5%, compared to +26. 4% for Intercontinental Exchange, Inc. (ICE). Over 10 years, the gap is even starker: JPM returned +481. 2% versus FHI's +144. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FHI or BLK or JPM or STT or ICE?
By beta (market sensitivity over 5 years), Intercontinental Exchange, Inc.
(ICE) is the lower-risk stock at 0. 38β versus BlackRock, Inc. 's 1. 25β — meaning BLK is approximately 232% more volatile than ICE relative to the S&P 500. On balance sheet safety, BlackRock, Inc. (BLK) carries a lower debt/equity ratio of 24% versus 3% for JPMorgan Chase & Co. — giving it more financial flexibility in a downturn.
05Which is growing faster — FHI or BLK or JPM or STT or ICE?
By revenue growth (latest reported year), BlackRock, Inc.
(BLK) is pulling ahead at 18. 7% versus 3. 0% for State Street Corporation (STT). On earnings-per-share growth, the picture is similar: Federated Hermes, Inc. grew EPS 58. 8% year-over-year, compared to -15. 7% for BlackRock, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FHI or BLK or JPM or STT or ICE?
Intercontinental Exchange, Inc.
(ICE) is the more profitable company, earning 26. 1% net margin versus 13. 0% for State Street Corporation — meaning it keeps 26. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ICE leads at 38. 7% versus 16. 5% for STT. At the gross margin level — before operating expenses — FHI leads at 73. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FHI or BLK or JPM or STT or ICE more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, JPMorgan Chase & Co. (JPM) is the more undervalued stock at a PEG of 0. 83x versus BlackRock, Inc. 's 9. 19x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Federated Hermes, Inc. (FHI) trades at 11. 6x forward P/E versus 19. 7x for BlackRock, Inc. — 8. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ICE: 44. 9% to $194. 00.
08Which pays a better dividend — FHI or BLK or JPM or STT or ICE?
All stocks in this comparison pay dividends.
Federated Hermes, Inc. (FHI) offers the highest yield at 2. 4%, versus 1. 4% for Intercontinental Exchange, Inc. (ICE).
09Is FHI or BLK or JPM or STT or ICE better for a retirement portfolio?
For long-horizon retirement investors, Intercontinental Exchange, Inc.
(ICE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 38), 1. 4% yield, +192. 5% 10Y return). Both have compounded well over 10 years (ICE: +192. 5%, BLK: +248. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FHI and BLK and JPM and STT and ICE?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FHI is a small-cap deep-value stock; BLK is a mid-cap high-growth stock; JPM is a large-cap deep-value stock; STT is a mid-cap deep-value stock; ICE is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.