Compare
Federated Hermes, Inc. vs StepStone Group Inc. vs Affiliated Managers Group, Inc. vs Morningstar, Inc.
| Latest fiscal year | Federated Hermes, Inc. FHI | StepStone Group Inc. STEP | Affiliated Managers Group, Inc. AMG | Morningstar, Inc. MORN |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2026-03-31 | 2025-12-31 | 2025-12-31 |
| Revenue | $1.80B | $1.99B | $2.07B | $2.45B |
| Revenue growth (YoY) | +10.3% | +69.7% | +1.6% | +7.5% |
| Gross margin | n/a | n/a | n/a | 61.0% (computed) |
| Operating margin | 28.5% | n/a | n/a | 21.5% |
| Net margin | 22.4% | -26.9% | 34.5% | 15.3% |
| Net income | $403.30M | -$535.81M | $716.60M | $374.20M |
| EPS (Diluted) | $5.13 | -$6.78 | $22.74 | $8.87 |
| Operating cash flow | $297.35M | $66.48M | $973.20M | $589.70M |
| Free cash flow | $294.58M | $63.86M | $967.10M | $442.60M |
| Cash & equivalents | $582.54M | n/a | $586.00M | $474.50M |
| Total assets | $2.23B | $6.76B | $9.21B | $3.59B |
| Total liabilities | $965.86M | $5.88B | $4.79B | $2.37B |
| Shareholders' equity | $1.20B | -$413.56M | $4.18B | $1.22B |
| Return on year-end equity | 33.7% | n/a | 17.2% | 30.6% |
| Shares outstanding | n/a | n/a | n/a | 39.74M |
Revenue, most recent five fiscal years
| Fiscal year | Federated Hermes, Inc. | StepStone Group Inc. | Affiliated Managers Group, Inc. | Morningstar, Inc. |
|---|---|---|---|---|
| Latest | $1.80B Ended 2025-12-31 | $1.99B Ended 2026-03-31 | $2.07B Ended 2025-12-31 | $2.45B Ended 2025-12-31 |
| 1 year earlier | $1.63B Ended 2024-12-31 | $1.17B Ended 2025-03-31 | $2.04B Ended 2024-12-31 | $2.28B Ended 2024-12-31 |
| 2 years earlier | $1.61B Ended 2023-12-31 | $711.63M Ended 2024-03-31 | $2.06B Ended 2023-12-31 | $2.04B Ended 2023-12-31 |
| 3 years earlier | $1.45B Ended 2022-12-31 | -$67.57M Ended 2023-03-31 | $2.33B Ended 2022-12-31 | $1.87B Ended 2022-12-31 |
| 4 years earlier | $1.30B Ended 2021-12-31 | $1.37B Ended 2022-03-31 | $2.41B Ended 2021-12-31 | $1.70B Ended 2021-12-31 |