Federated Investors Inc B (FHI) financial statements
Federated Investors Inc B reported revenue of $1.8B in fiscal 2025, up 5.2% a year over 9 years.
Net income was $403M and the operating margin 28.5%, against 29.4% in 2016.
Free cash flow was $295M, and the company returned $105M in dividends and $263M in net buybacks.
The diluted share count fell 24% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Federated Investors Inc B's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | $1.3B | $1.4B | $1.3B | $1.4B | $1.6B | $1.6B | $1.8B |
| Operating income | $336M | $342M | $330M | $348M | $418M | $366M | $337M | $388M | $361M | $514M |
| Interest expense | $4M | $5M | $6M | $5M | $3M | $2M | $11M | $13M | $13M | $13M |
| Pre-tax income | $341M | $352M | $296M | $365M | $446M | $376M | $306M | $411M | $382M | $548M |
| Income tax | $119M | $57M | $74M | $88M | $110M | $104M | $72M | $107M | $113M | $133M |
| Net income | $209M | $291M | $220M | $272M | $326M | $270M | $239M | $299M | $268M | $403M |
| EPS (diluted) | $2.03 | $2.87 | $2.18 | $2.69 | $3.23 | $2.75 | $2.65 | $3.40 | $3.23 | $5.13 |
| Diluted shares | 99M | 97M | 97M | 97M | 97M | 94M | 86M | 84M | 79M | 75M |
| Operating margin | 29.4% | 31.0% | 29.1% | 26.2% | 28.9% | 28.2% | 23.3% | 24.1% | 22.1% | 28.5% |
| Net margin | 18.3% | 26.4% | 19.4% | 20.5% | 22.5% | 20.8% | 16.6% | 18.6% | 16.4% | 22.4% |
Balance sheet
Fiscal years, from Federated Investors Inc B's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $236M | $316M | $157M | $249M | $302M | $233M | $337M | $383M | $504M | $583M |
| Receivables | $45M | $26M | $60M | $64M | $65M | $65M | $58M | — | — | — |
| Total current assets | $360M | $437M | $304M | $461M | $575M | $559M | $651M | $721M | $781M | $864M |
| Property, plant and equipment | $39M | $38M | $53M | $52M | $53M | $47M | $36M | $31M | $26M | $25M |
| Goodwill | $659M | $660M | $810M | $775M | $800M | $799M | $800M | $807M | $805M | $852M |
| Total assets | $1.2B | $1.2B | $1.5B | $1.9B | $2.1B | $2.0B | $2.0B | $2.1B | $2.1B | $2.2B |
| Total current liabilities | $163M | $129M | $181M | $231M | $265M | $271M | $257M | $287M | $289M | $314M |
| Total liabilities | $528M | $440M | $504M | $627M | $687M | $841M | $913M | $948M | $934M | $966M |
| Shareholders' equity | $595M | $761M | $857M | $1.0B | $1.1B | $1.1B | $1.0B | $1.1B | $1.1B | $1.2B |
| Net debt | -$105M | -$316M | -$157M | -$249M | -$302M | -$233M | -$337M | -$383M | -$504M | -$583M |
Cash flow
Fiscal years, from Federated Investors Inc B's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $266M | $387M | $206M | $335M | $373M | $170M | $324M | $312M | $347M | $297M |
| Capital spending | $13M | $10M | $17M | $15M | $14M | $10M | $4M | $8M | $4M | $3M |
| Free cash flow | $253M | $378M | $189M | $320M | $360M | $160M | $320M | $304M | $343M | $295M |
| Stock-based compensation | $22M | $23M | $24M | $25M | $27M | $30M | $35M | $34M | $29M | $29M |
| Dividends paid | $205M | $102M | $107M | $109M | $208M | $106M | $98M | $98M | $185M | $105M |
| Share buybacks (net) | -$82M | -$49M | -$29M | -$16M | -$67M | -$228M | -$218M | -$177M | -$138M | -$263M |
| Net borrowing | — | — | — | — | $100M | $296M | $488M | $0 | $0 | — |
| Free cash flow margin | 22.1% | 34.2% | 16.6% | 24.1% | 24.8% | 12.3% | 22.1% | 18.9% | 21.0% | 16.4% |
| Dividends per share | $2.07 | $1.04 | $1.10 | $1.12 | $2.15 | $1.13 | $1.14 | $1.17 | $2.33 | $1.40 |
Questions
What was Federated Investors Inc B's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Federated Investors Inc B generate?
$295M in fiscal 2025 (operating cash flow minus capital spending).
From Federated Investors Inc B's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.