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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $479.0M, roughly 1.9× FEDERATED HERMES, INC.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 2.0%, a 18.1% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -0.8%). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (9.1% CAGR vs -1.8%).
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...
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
FHI vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $932.7M |
| Net Profit | $96.4M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | 26.4% | 3.8% |
| Net Margin | 20.1% | 2.0% |
| Revenue YoY | -0.8% | 16.1% |
| Net Profit YoY | — | 95.7% |
| EPS (diluted) | — | $0.79 |
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 | $932.7M | ||
| Q3 25 | $469.4M | $1.0B | ||
| Q2 25 | $424.8M | $1.1B | ||
| Q1 25 | $423.5M | $1.0B | ||
| Q4 24 | $424.7M | $803.1M | ||
| Q3 24 | $408.5M | $915.5M | ||
| Q2 24 | $402.6M | $1.1B |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $18.7M | ||
| Q3 25 | $104.1M | $62.5M | ||
| Q2 25 | $91.0M | $57.6M | ||
| Q1 25 | $101.1M | $49.4M | ||
| Q4 24 | $84.7M | $9.5M | ||
| Q3 24 | $87.5M | $35.6M | ||
| Q2 24 | $21.0M | $61.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 3.8% | ||
| Q3 25 | 27.6% | 7.3% | ||
| Q2 25 | 27.6% | 7.9% | ||
| Q1 25 | 31.1% | 7.8% | ||
| Q4 24 | 26.0% | 2.0% | ||
| Q3 24 | 27.4% | 5.9% | ||
| Q2 24 | 10.1% | 8.6% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 2.0% | ||
| Q3 25 | 22.2% | 6.0% | ||
| Q2 25 | 21.4% | 5.2% | ||
| Q1 25 | 23.9% | 4.7% | ||
| Q4 24 | 19.9% | 1.2% | ||
| Q3 24 | 21.4% | 3.9% | ||
| Q2 24 | 5.2% | 5.8% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.79 | ||
| Q3 25 | $1.34 | $2.55 | ||
| Q2 25 | $1.16 | $2.29 | ||
| Q1 25 | $1.25 | $1.94 | ||
| Q4 24 | $1.08 | $0.37 | ||
| Q3 24 | $1.06 | $1.39 | ||
| Q2 24 | $0.20 | $2.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $222.6M |
| Total DebtLower is stronger | $348.4M | $945.2M |
| Stockholders' EquityBook value | $100.8B | $1.4B |
| Total Assets | $2.1B | $3.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $222.6M | ||
| Q3 25 | $506.3M | $199.7M | ||
| Q2 25 | $371.0M | $191.9M | ||
| Q1 25 | $387.6M | $231.2M | ||
| Q4 24 | $504.4M | $165.8M | ||
| Q3 24 | $375.0M | $161.2M | ||
| Q2 24 | $307.4M | $130.4M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $945.2M | ||
| Q3 25 | $348.3M | $947.8M | ||
| Q2 25 | $348.2M | $948.0M | ||
| Q1 25 | $348.2M | $938.3M | ||
| Q4 24 | $348.1M | $757.3M | ||
| Q3 24 | $348.0M | $822.5M | ||
| Q2 24 | $348.0M | $829.7M |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $3.2B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.0B | $3.1B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $1.9B | $3.0B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.69× | ||
| Q3 25 | 0.29× | 0.70× | ||
| Q2 25 | 0.31× | 0.68× | ||
| Q1 25 | 0.32× | 0.69× | ||
| Q4 24 | 0.32× | 0.55× | ||
| Q3 24 | 0.32× | 0.58× | ||
| Q2 24 | 0.34× | 0.60× |
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 | — | $78.9M |
| Free Cash FlowOCF − Capex | — | $64.3M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $78.9M | ||
| Q3 25 | $103.1M | $97.2M | ||
| Q2 25 | $18.8M | $112.2M | ||
| Q1 25 | $14.3M | $42.7M | ||
| Q4 24 | $346.6M | $106.6M | ||
| Q3 24 | $117.1M | $78.4M | ||
| Q2 24 | $88.7M | $192.9M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $64.3M | ||
| Q3 25 | $101.6M | $80.9M | ||
| Q2 25 | $18.0M | $99.5M | ||
| Q1 25 | $13.3M | $33.7M | ||
| Q4 24 | $342.5M | $95.7M | ||
| Q3 24 | $114.1M | $68.3M | ||
| Q2 24 | $82.7M | $180.2M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 6.9% | ||
| Q3 25 | 21.6% | 7.8% | ||
| Q2 25 | 4.2% | 9.0% | ||
| Q1 25 | 3.1% | 3.2% | ||
| Q4 24 | 80.7% | 11.9% | ||
| Q3 24 | 27.9% | 7.5% | ||
| Q2 24 | 20.5% | 17.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1.6% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 4.22× | ||
| Q3 25 | 0.99× | 1.55× | ||
| Q2 25 | 0.21× | 1.95× | ||
| Q1 25 | 0.14× | 0.86× | ||
| Q4 24 | 4.09× | 11.17× | ||
| Q3 24 | 1.34× | 2.20× | ||
| Q2 24 | 4.22× | 3.15× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
