Compare
Federated Hermes, Inc. vs Morningstar, Inc. vs Victory Capital Holdings, Inc. vs Houlihan Lokey, Inc.
| Latest fiscal year | Federated Hermes, Inc. FHI | Morningstar, Inc. MORN | Victory Capital Holdings, Inc. VCTR | Houlihan Lokey, Inc. HLI |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2026-03-31 |
| Revenue | $1.80B | $2.45B | $1.31B | $2.62B |
| Revenue growth (YoY) | +10.3% | +7.5% | +46.2% | +9.5% |
| Gross margin | n/a | 61.0% (computed) | n/a | n/a |
| Operating margin | 28.5% | 21.5% | 36.6% | 20.1% |
| Net margin | 22.4% | 15.3% | 25.3% | 16.2% |
| Net income | $403.30M | $374.20M | $330.06M | $424.17M |
| EPS (Diluted) | $5.13 | $8.87 | $4.08 | $6.22 |
| Operating cash flow | $297.35M | $589.70M | $385.49M | $704.13M |
| Free cash flow | $294.58M | $442.60M | $381.33M | $681.82M |
| Cash & equivalents | $582.54M | $474.50M | $163.69M | $1.19B |
| Total assets | $2.23B | $3.59B | $4.25B | $4.31B |
| Total liabilities | $965.86M | $2.37B | $1.82B | $1.86B |
| Shareholders' equity | $1.20B | $1.22B | $2.42B | $2.34B |
| Return on year-end equity | 33.7% | 30.6% | 13.6% | 18.1% |
| Shares outstanding | n/a | 39.74M | 64.15M | n/a |
Revenue, most recent five fiscal years
| Fiscal year | Federated Hermes, Inc. | Morningstar, Inc. | Victory Capital Holdings, Inc. | Houlihan Lokey, Inc. |
|---|---|---|---|---|
| Latest | $1.80B Ended 2025-12-31 | $2.45B Ended 2025-12-31 | $1.31B Ended 2025-12-31 | $2.62B Ended 2026-03-31 |
| 1 year earlier | $1.63B Ended 2024-12-31 | $2.28B Ended 2024-12-31 | $893.48M Ended 2024-12-31 | $2.39B Ended 2025-03-31 |
| 2 years earlier | $1.61B Ended 2023-12-31 | $2.04B Ended 2023-12-31 | $821.03M Ended 2023-12-31 | $1.91B Ended 2024-03-31 |
| 3 years earlier | $1.45B Ended 2022-12-31 | $1.87B Ended 2022-12-31 | $854.80M Ended 2022-12-31 | $1.81B Ended 2023-03-31 |
| 4 years earlier | $1.30B Ended 2021-12-31 | $1.70B Ended 2021-12-31 | $890.26M Ended 2021-12-31 | $2.27B Ended 2022-03-31 |