Last 48 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Federated Hermes, Inc.'s quarterly P/E stands at 11.2x, up 36.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 28.4% YoY to 7.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.51 | 11.16 | 8.98 | 9.69 | 9.55 | 8.15 | 9.88 | 8.67 | 41.10 | 10.15 | 8.82 | 9.85 | 11.06 |
| — | +36.9% | -9.2% | +11.7% | -76.8% | -19.6% | +12.1% | -11.9% | +271.4% | -21.1% | -38.8% | -7.2% | -10.9% | |
| P/S Ratio | 2.48 | 2.15 | 1.97 | 2.09 | 1.99 | 1.87 | 1.89 | 1.77 | 1.63 | 1.84 | 1.77 | 1.76 | 1.76 |
| — | +15.2% | +4.1% | +17.9% | +21.8% | +1.5% | +6.9% | +0.6% | -7.0% | -17.5% | -13.9% | -3.9% | -5.4% | |
| P/B Ratio | 3.51 | 2.55 | 3.04 | 3.14 | 2.65 | 2.77 | 2.80 | 2.55 | 2.51 | 2.39 | 2.41 | 2.42 | 2.55 |
| — | -7.6% | +8.7% | +23.2% | +5.4% | +15.8% | +16.3% | +5.1% | -1.7% | -19.6% | -13.4% | -11.0% | -3.9% | |
| P/FCF | 15.23 | 35.70 | 6.06 | 9.65 | 46.96 | 59.30 | 6.38 | 5.85 | 7.95 | 54.14 | 5.44 | 6.84 | 11.17 |
| — | -39.8% | -4.9% | +65.0% | +490.4% | +9.5% | +17.2% | -14.5% | -28.8% | -70.2% | -6.5% | +8.6% | +60.5% | |
| EV / EBITDA | 7.82 | 7.57 | 6.52 | 7.18 | 7.07 | 5.89 | 6.85 | 6.31 | 14.99 | 7.22 | 6.56 | 6.78 | 7.48 |
| — | +28.4% | -4.8% | +13.6% | -52.8% | -18.4% | +4.3% | -6.9% | +100.6% | -23.7% | -41.9% | -6.1% | -0.4% | |
| EV / EBIT | 8.15 | — | 6.47 | 6.75 | 6.48 | 6.09 | 6.87 | 5.90 | 15.14 | 7.02 | 5.92 | 7.00 | 7.58 |
| — | — | -5.9% | +14.5% | -57.2% | -13.3% | +16.2% | -15.8% | +99.7% | -23.9% | -67.2% | -13.4% | -25.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Federated Hermes, Inc.'s operating margin was 26.4% in Q1 2026, down 1.7 pp QoQ and down 4.7 pp YoY. The trailing four-quarter average of 27.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.6% | — | 72.6% | 69.2% | 65.9% | 66.2% | 67.7% | 66.7% | 67.5% | 65.6% | 67.4% | 65.4% | 63.1% |
| — | — | +7.2% | +3.8% | -2.4% | +0.9% | +0.4% | +1.9% | +7.0% | +2.1% | +0.9% | -2.0% | -2.9% | |
| Operating Margin | 29.5% | 26.4% | 28.1% | 27.6% | 27.6% | 31.1% | 26.0% | 27.4% | 10.1% | 24.9% | 26.2% | 25.2% | 22.7% |
| — | -15.2% | +8.1% | +0.8% | +172.5% | +25.1% | -0.8% | +8.6% | -55.5% | +11.6% | +53.7% | -0.8% | -10.0% | |
| Net Margin | 22.3% | 20.0% | 22.1% | 22.2% | 21.4% | 23.9% | 19.9% | 21.4% | 5.2% | 18.9% | 21.0% | 18.6% | 16.7% |
| — | -16.1% | +11.0% | +3.5% | +310.1% | +26.1% | -5.0% | +15.0% | -68.6% | +3.9% | +38.9% | +2.2% | +5.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.4% | 6.7% | 8.6% | 8.2% | 7.5% | 8.8% | 7.4% | 8.0% | 1.9% | 6.3% | 7.1% | 6.4% | 6.2% |
| — | -24.3% | +15.8% | +2.8% | +305.5% | +39.5% | +4.8% | +26.2% | -70.0% | +2.3% | +33.5% | -6.4% | +14.0% | |
| ROA | 18.4% | 4.3% | 4.8% | 4.8% | 4.4% | 4.9% | 4.1% | 4.4% | 1.1% | 3.6% | 3.9% | 3.6% | 3.6% |
| — | -12.6% | +17.3% | +8.4% | +316.6% | +38.2% | +4.6% | +22.3% | -70.4% | +3.4% | +38.9% | +2.4% | +22.5% | |
| ROIC | 24.1% | 5.1% | 6.0% | 5.6% | 5.3% | 6.1% | 5.2% | 5.4% | 1.9% | 4.5% | 4.7% | 4.7% | 4.6% |
| — | -16.3% | +15.5% | +3.5% | +173.1% | +36.6% | +9.2% | +16.6% | -58.0% | +11.0% | +53.3% | -1.6% | +4.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Federated Hermes, Inc.'s Debt/EBITDA ratio is 2.8x, down from 3.2x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 11.9% YoY to 2.68x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.22 | 0.36 | 0.37 | 0.36 | 0.40 | 0.40 | 0.39 | 0.43 | 0.37 | 0.40 | 0.39 | 0.37 |
| — | -46.2% | -9.9% | -6.5% | -16.1% | +8.0% | +1.2% | +0.3% | +16.4% | -3.9% | -2.9% | -20.0% | -26.0% | |
| Debt / EBITDA | 0.82 | 2.76 | 3.21 | 3.41 | 3.75 | 3.35 | 3.98 | 3.81 | 9.73 | 4.35 | 4.22 | 4.28 | 4.19 |
| — | -17.6% | -19.5% | -10.5% | -61.4% | -23.1% | -5.6% | -10.8% | +132.4% | -8.5% | -34.2% | -12.1% | -18.5% | |
| Current Ratio | 41.26 | 2.68 | 41.26 | 3.13 | 2.69 | 3.04 | 2.70 | 2.75 | 2.75 | 3.39 | 2.51 | 2.78 | 2.96 |
| — | -11.9% | +1427.2% | +13.9% | -2.0% | -10.1% | +7.7% | -1.3% | -7.3% | +12.9% | -0.8% | +5.6% | +9.3% | |
| Quick Ratio | 41.26 | 2.68 | 41.26 | 3.13 | 2.69 | 3.04 | 2.70 | 2.75 | 2.75 | 3.39 | 2.51 | 2.78 | 2.96 |
| — | -11.9% | +1427.2% | +13.9% | -2.0% | -10.1% | +7.7% | -1.3% | -7.3% | +12.9% | -0.8% | +5.6% | +9.3% | |
| Interest Coverage | 44.00 | — | 44.84 | 45.10 | 42.27 | 41.75 | 36.25 | 39.68 | 14.50 | 34.03 | 38.34 | 33.24 | 33.25 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FHI stock.
Federated Hermes, Inc.'s current P/E is 11.5x. The average P/E over the last 4 quarters is 9.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Federated Hermes, Inc.'s current operating margin is 29.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Federated Hermes, Inc.'s business trajectory between earnings reports.