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Federated Hermes provides asset-management services for institutional and individual investors. The firm had $800 billion in managed assets at the end of September 2024, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (3%), and money market (74%) funds. The firm's cash-management operations are expected to generate around 51% of Federated's revenue this year, compared with 29%, 12%, and 7%, respectively, for the equity, fixed-income, and alternatives/multi-asset operations. The company's products are distributed via trust banks, wealth managers, and retail broker/dealers (65% of AUM), institutional investors (26%), and international clients (9%).
1957
2.1K+
LTM Revenue $1.7B
LTM EBITDA $429M
$3.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Federated Hermes has a last 12-month revenue of $1.7B and a last 12-month EBITDA of $429M.
In the most recent fiscal year, Federated Hermes achieved revenue of $1.6B and an EBITDA of $417M.
Federated Hermes expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Federated Hermes valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | XXX | XXX | XXX |
| Gross Profit | $933M | $1.0B | XXX | XXX | XXX |
| Gross Margin | 58% | 64% | XXX | XXX | XXX |
| EBITDA | $451M | $417M | XXX | XXX | XXX |
| EBITDA Margin | 28% | 26% | XXX | XXX | XXX |
| Net Profit | $239M | $299M | XXX | XXX | XXX |
| Net Margin | 15% | 18% | XXX | XXX | XXX |
| Net Debt | $10.8M | n/a | XXX | XXX | XXX |
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As of May 1, 2025, Federated Hermes's stock price is $41.
Federated Hermes has current market cap of $3.3B, and EV of $3.2B.
See Federated Hermes trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.2B | $3.3B | XXX | XXX | XXX | XXX | $3.55 |
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Start Free TrialAs of May 1, 2025, Federated Hermes has market cap of $3.3B and EV of $3.2B.
Federated Hermes's trades at 1.9x LTM EV/Revenue multiple, and 7.5x LTM EBITDA.
Analysts estimate Federated Hermes's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Federated Hermes and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.2B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | 9.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFederated Hermes's NTM/LTM revenue growth is 6%
Federated Hermes's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Federated Hermes's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Federated Hermes's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Federated Hermes and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -8% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 32% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 40% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Waha Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurocommercial Props | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Federated Hermes acquired XXX companies to date.
Last acquisition by Federated Hermes was XXXXXXXX, XXXXX XXXXX XXXXXX . Federated Hermes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Federated Hermes founded? | Federated Hermes was founded in 1957. |
| Where is Federated Hermes headquartered? | Federated Hermes is headquartered in United States of America. |
| How many employees does Federated Hermes have? | As of today, Federated Hermes has 2.1K+ employees. |
| Who is the CEO of Federated Hermes? | Federated Hermes's CEO is Mr. J. Christopher Donahue. |
| Is Federated Hermes publicy listed? | Yes, Federated Hermes is a public company listed on NYS. |
| What is the stock symbol of Federated Hermes? | Federated Hermes trades under FHI ticker. |
| When did Federated Hermes go public? | Federated Hermes went public in 1998. |
| Who are competitors of Federated Hermes? | Similar companies to Federated Hermes include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
| What is the current market cap of Federated Hermes? | Federated Hermes's current market cap is $3.3B |
| What is the current revenue of Federated Hermes? | Federated Hermes's last 12-month revenue is $1.7B. |
| What is the current EBITDA of Federated Hermes? | Federated Hermes's last 12-month EBITDA is $429M. |
| What is the current EV/Revenue multiple of Federated Hermes? | Current revenue multiple of Federated Hermes is 1.9x. |
| What is the current EV/EBITDA multiple of Federated Hermes? | Current EBITDA multiple of Federated Hermes is 7.5x. |
| What is the current revenue growth of Federated Hermes? | Federated Hermes revenue growth between 2023 and 2024 was 1%. |
| Is Federated Hermes profitable? | Yes, Federated Hermes is EBITDA-positive (as of the last 12 months). |
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