Federated Hermes vs Hamilton Lane
Federated Hermes reported revenue of $1.8 billion in fiscal 2025, 2.4 times Hamilton Lane's $759 million in fiscal 2026. Federated Hermes' revenue grew 10.3% in its latest year, and Hamilton Lane's grew 6.5%. Free cash flow was $295 million at Federated Hermes and $419 million at Hamilton Lane. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| Federated Hermes | Hamilton Lane | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $1.8B | $759M |
| Revenue growth | 10.3% | 6.5% |
| Revenue growth a year, last 5 years | 4.5% | 17.3% |
| Gross margin | — | — |
| Operating margin | 28.5% | — |
| Net margin | 22.4% | 32.8% |
| Free cash flow | $295M | $419M |
| Free cash flow margin | 16.4% | 55.2% |
| Return on capital | 40.9% | 34.5% |
| Net debt to EBITDA | −0.4x | −0.2x |
| Dividends and buybacks | $368M | $88M |
| Change in diluted share count | −5.5% | — |
| Last close | $56.93 | $81.32 |
| P/E at the last close | 10.6× | — |
| Insider trades, last 12 months | sold $13.0 million | bought $19.5 million, sold $0 |
| Piotroski F-score | 7 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Federated HermesHamilton Lane
Operating margin
Percent of revenue
Federated HermesHamilton Lane
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Federated HermesHamilton Lane
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Federated Hermes and Hamilton Lane pages.