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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and IDACORP INC (IDA). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $360.1M, roughly 1.3× IDACORP INC). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 12.1%, a 8.0% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (-0.8% vs -4.2%). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (9.1% CAGR vs -7.2%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.
FHI vs IDA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $360.1M |
| Net Profit | $96.4M | $43.6M |
| Gross Margin | — | — |
| Operating Margin | 26.4% | 14.9% |
| Net Margin | 20.1% | 12.1% |
| Revenue YoY | -0.8% | -4.2% |
| Net Profit YoY | — | 15.1% |
| EPS (diluted) | — | $0.78 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $479.0M | — | ||
| Q4 25 | $482.8M | $360.1M | ||
| Q3 25 | $469.4M | $526.4M | ||
| Q2 25 | $424.8M | $449.3M | ||
| Q1 25 | $423.5M | $411.1M | ||
| Q4 24 | $424.7M | $375.9M | ||
| Q3 24 | $408.5M | $532.5M | ||
| Q2 24 | $402.6M | $442.6M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $43.6M | ||
| Q3 25 | $104.1M | $124.4M | ||
| Q2 25 | $91.0M | $95.8M | ||
| Q1 25 | $101.1M | $59.6M | ||
| Q4 24 | $84.7M | $37.9M | ||
| Q3 24 | $87.5M | $113.6M | ||
| Q2 24 | $21.0M | $89.5M |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 14.9% | ||
| Q3 25 | 27.6% | 27.5% | ||
| Q2 25 | 27.6% | 22.4% | ||
| Q1 25 | 31.1% | 13.4% | ||
| Q4 24 | 26.0% | 11.0% | ||
| Q3 24 | 27.4% | 25.1% | ||
| Q2 24 | 10.1% | 23.3% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 12.1% | ||
| Q3 25 | 22.2% | 23.6% | ||
| Q2 25 | 21.4% | 21.3% | ||
| Q1 25 | 23.9% | 14.5% | ||
| Q4 24 | 19.9% | 10.1% | ||
| Q3 24 | 21.4% | 21.3% | ||
| Q2 24 | 5.2% | 20.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.78 | ||
| Q3 25 | $1.34 | $2.26 | ||
| Q2 25 | $1.16 | $1.76 | ||
| Q1 25 | $1.25 | $1.10 | ||
| Q4 24 | $1.08 | $0.72 | ||
| Q3 24 | $1.06 | $2.12 | ||
| Q2 24 | $0.20 | $1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $215.7M |
| Total DebtLower is stronger | $348.4M | $3.3B |
| Stockholders' EquityBook value | $100.8B | $3.6B |
| Total Assets | $2.1B | $10.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $215.7M | ||
| Q3 25 | $506.3M | $333.2M | ||
| Q2 25 | $371.0M | $474.5M | ||
| Q1 25 | $387.6M | $634.5M | ||
| Q4 24 | $504.4M | $368.9M | ||
| Q3 24 | $375.0M | $427.9M | ||
| Q2 24 | $307.4M | $169.6M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $3.3B | ||
| Q3 25 | $348.3M | — | ||
| Q2 25 | $348.2M | — | ||
| Q1 25 | $348.2M | — | ||
| Q4 24 | $348.1M | $3.1B | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $3.6B | ||
| Q3 25 | $1.2B | $3.5B | ||
| Q2 25 | $1.1B | $3.4B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $1.1B | $3.3B | ||
| Q2 24 | $1.0B | $3.2B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $10.2B | ||
| Q3 25 | $2.2B | $10.1B | ||
| Q2 25 | $2.2B | $9.9B | ||
| Q1 25 | $2.0B | $9.6B | ||
| Q4 24 | $2.1B | $9.2B | ||
| Q3 24 | $2.0B | $9.1B | ||
| Q2 24 | $1.9B | $8.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.93× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | 0.92× | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.34× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $137.8M |
| Free Cash FlowOCF − Capex | — | $-216.2M |
| FCF MarginFCF / Revenue | — | -60.0% |
| Capex IntensityCapex / Revenue | — | 98.3% |
| Cash ConversionOCF / Net Profit | — | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-577.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $137.8M | ||
| Q3 25 | $103.1M | $162.8M | ||
| Q2 25 | $18.8M | $176.9M | ||
| Q1 25 | $14.3M | $124.3M | ||
| Q4 24 | $346.6M | $136.4M | ||
| Q3 24 | $117.1M | $201.9M | ||
| Q2 24 | $88.7M | $146.4M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $-216.2M | ||
| Q3 25 | $101.6M | $-127.9M | ||
| Q2 25 | $18.0M | $-156.4M | ||
| Q1 25 | $13.3M | $-77.0M | ||
| Q4 24 | $342.5M | $-48.9M | ||
| Q3 24 | $114.1M | $-16.1M | ||
| Q2 24 | $82.7M | $-199.6M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | -60.0% | ||
| Q3 25 | 21.6% | -24.3% | ||
| Q2 25 | 4.2% | -34.8% | ||
| Q1 25 | 3.1% | -18.7% | ||
| Q4 24 | 80.7% | -13.0% | ||
| Q3 24 | 27.9% | -3.0% | ||
| Q2 24 | 20.5% | -45.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 98.3% | ||
| Q3 25 | 0.3% | 55.2% | ||
| Q2 25 | 0.2% | 74.2% | ||
| Q1 25 | 0.2% | 49.0% | ||
| Q4 24 | 0.9% | 49.3% | ||
| Q3 24 | 0.7% | 41.0% | ||
| Q2 24 | 1.5% | 78.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 3.16× | ||
| Q3 25 | 0.99× | 1.31× | ||
| Q2 25 | 0.21× | 1.85× | ||
| Q1 25 | 0.14× | 2.08× | ||
| Q4 24 | 4.09× | 3.60× | ||
| Q3 24 | 1.34× | 1.78× | ||
| Q2 24 | 4.22× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment advisory fees, net | $319.4M | 67% |
| Administrative service fees, net-affiliates | $110.3M | 23% |
| Other | $49.3M | 10% |
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
