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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $382.2M, roughly 1.3× LifeStance Health Group, Inc.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 3.1%, a 17.1% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -0.8%). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs 9.1%).
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...
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
FHI vs LFST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $382.2M |
| Net Profit | $96.4M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | 26.4% | 4.7% |
| Net Margin | 20.1% | 3.1% |
| Revenue YoY | -0.8% | 17.4% |
| Net Profit YoY | — | 264.1% |
| EPS (diluted) | — | — |
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 | $382.2M | ||
| Q3 25 | $469.4M | $363.8M | ||
| Q2 25 | $424.8M | $345.3M | ||
| Q1 25 | $423.5M | $333.0M | ||
| Q4 24 | $424.7M | $325.5M | ||
| Q3 24 | $408.5M | $312.7M | ||
| Q2 24 | $402.6M | $312.3M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $11.7M | ||
| Q3 25 | $104.1M | $1.1M | ||
| Q2 25 | $91.0M | $-3.8M | ||
| Q1 25 | $101.1M | $709.0K | ||
| Q4 24 | $84.7M | $-7.1M | ||
| Q3 24 | $87.5M | $-6.0M | ||
| Q2 24 | $21.0M | $-23.3M |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 4.7% | ||
| Q3 25 | 27.6% | 2.0% | ||
| Q2 25 | 27.6% | -0.9% | ||
| Q1 25 | 31.1% | 0.5% | ||
| Q4 24 | 26.0% | 0.3% | ||
| Q3 24 | 27.4% | 0.0% | ||
| Q2 24 | 10.1% | -5.1% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 3.1% | ||
| Q3 25 | 22.2% | 0.3% | ||
| Q2 25 | 21.4% | -1.1% | ||
| Q1 25 | 23.9% | 0.2% | ||
| Q4 24 | 19.9% | -2.2% | ||
| Q3 24 | 21.4% | -1.9% | ||
| Q2 24 | 5.2% | -7.5% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.34 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.08 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $0.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $248.6M |
| Total DebtLower is stronger | $348.4M | $282.8M |
| Stockholders' EquityBook value | $100.8B | $1.5B |
| Total Assets | $2.1B | $2.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $248.6M | ||
| Q3 25 | $506.3M | $203.9M | ||
| Q2 25 | $371.0M | $188.9M | ||
| Q1 25 | $387.6M | $134.3M | ||
| Q4 24 | $504.4M | $154.6M | ||
| Q3 24 | $375.0M | $102.6M | ||
| Q2 24 | $307.4M | $87.0M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $282.8M | ||
| Q3 25 | $348.3M | $284.6M | ||
| Q2 25 | $348.2M | $286.4M | ||
| Q1 25 | $348.2M | $288.2M | ||
| Q4 24 | $348.1M | $290.0M | ||
| Q3 24 | $348.0M | $287.3M | ||
| Q2 24 | $348.0M | $288.0M |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| 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 | $2.2B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.9B | $2.1B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.19× | ||
| Q3 25 | 0.29× | 0.19× | ||
| Q2 25 | 0.31× | 0.19× | ||
| Q1 25 | 0.32× | 0.20× | ||
| Q4 24 | 0.32× | 0.20× | ||
| Q3 24 | 0.32× | 0.20× | ||
| Q2 24 | 0.34× | 0.20× |
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 | — | $57.6M |
| Free Cash FlowOCF − Capex | — | $46.6M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $57.6M | ||
| Q3 25 | $103.1M | $27.3M | ||
| Q2 25 | $18.8M | $64.4M | ||
| Q1 25 | $14.3M | $-3.1M | ||
| Q4 24 | $346.6M | $62.3M | ||
| Q3 24 | $117.1M | $22.7M | ||
| Q2 24 | $88.7M | $44.1M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $46.6M | ||
| Q3 25 | $101.6M | $17.0M | ||
| Q2 25 | $18.0M | $56.6M | ||
| Q1 25 | $13.3M | $-10.3M | ||
| Q4 24 | $342.5M | $56.0M | ||
| Q3 24 | $114.1M | $17.7M | ||
| Q2 24 | $82.7M | $39.0M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 12.2% | ||
| Q3 25 | 21.6% | 4.7% | ||
| Q2 25 | 4.2% | 16.4% | ||
| Q1 25 | 3.1% | -3.1% | ||
| Q4 24 | 80.7% | 17.2% | ||
| Q3 24 | 27.9% | 5.7% | ||
| Q2 24 | 20.5% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 2.9% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.9% | 1.9% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | 1.5% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 4.93× | ||
| Q3 25 | 0.99× | 25.34× | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.14× | -4.36× | ||
| Q4 24 | 4.09× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 4.22× | — |
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% |
LFST
Segment breakdown not available.
