FHIFederated Hermes, Inc.
Is the business good?
A genuinely good business: margins widening and elite returns on assets.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 33% = margin × turnover × leverage.
All from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
Customers and suppliers
Who buys from FHI and who it buys from, as the companies report it.
- BNYThe Bank of New York Mellon Cor9.0%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; FHI’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.