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Federated Hermes provides asset-management services for institutional and individual investors. The firm had $840 billion in managed assets at the end of March 2025, composed of equity (10%), multi-asset (less than 1%), fixed-income (12%), alternative (2%), and money market (76%) funds. The firm's cash-management operations are expected to generate around 54% of Federated's revenue this year, compared with 29%, 12%, and 6%, 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 (67% of AUM), institutional investors (26%), and international clients (7%).
1957
2.1K+
LTM Revenue $1.8B
LTM EBITDA $474M
$4.0B
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 (LTM) of $1.8B and a last 12-month EBITDA of $474M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | XXX | $1.6B | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $1.1B | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $474M | XXX | $417M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBIT | $442M | XXX | $441M | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $323M | XXX | $268M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 18, 2025, Federated Hermes's stock price is $54.
Federated Hermes has current market cap of $4.2B, and EV of $4.0B.
See Federated Hermes trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.0B | $4.2B | XXX | XXX | XXX | XXX | $4.10 |
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Start Free TrialAs of August 18, 2025, Federated Hermes has market cap of $4.2B and EV of $4.0B.
Federated Hermes's trades at 2.5x EV/Revenue multiple, and 9.6x EV/EBITDA.
Equity research analysts estimate Federated Hermes's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Federated Hermes has a P/E ratio of 12.9x.
See valuation multiples for Federated Hermes and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.2B | XXX | $4.2B | XXX | XXX | XXX |
| EV (current) | $4.0B | XXX | $4.0B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 9.1x | XXX | 9.1x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.9x | XXX | 15.5x | XXX | XXX | XXX |
| EV/FCF | 11.9x | XXX | 11.7x | 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 last 12 month revenue growth is 2%
Federated Hermes's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.3M for the same period.
Federated Hermes's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Federated Hermes's rule of X is 31% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Federated Hermes and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | 30% | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 25% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 40% | 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 $4.2B |
| What is the current revenue of Federated Hermes? | Federated Hermes's last 12 months revenue is $1.8B. |
| What is the current revenue growth of Federated Hermes? | Federated Hermes revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Federated Hermes? | Current revenue multiple of Federated Hermes is 2.2x. |
| Is Federated Hermes profitable? | Yes, Federated Hermes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Federated Hermes? | Federated Hermes's last 12 months EBITDA is $474M. |
| What is Federated Hermes's EBITDA margin? | Federated Hermes's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of Federated Hermes? | Current EBITDA multiple of Federated Hermes is 8.5x. |
| What is the current FCF of Federated Hermes? | Federated Hermes's last 12 months FCF is $338M. |
| What is Federated Hermes's FCF margin? | Federated Hermes's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Federated Hermes? | Current FCF multiple of Federated Hermes is 11.9x. |
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