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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and RBC Bearings INC (RBC). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $461.6M, roughly 1.0× RBC Bearings INC). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 14.6%, a 5.5% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs -0.8%). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (9.1% CAGR vs 5.6%).
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...
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
FHI vs RBC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $461.6M |
| Net Profit | $96.4M | $67.4M |
| Gross Margin | — | 44.3% |
| Operating Margin | 26.4% | 22.3% |
| Net Margin | 20.1% | 14.6% |
| Revenue YoY | -0.8% | 17.0% |
| Net Profit YoY | — | 16.4% |
| EPS (diluted) | — | $2.13 |
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 | $461.6M | ||
| Q3 25 | $469.4M | $455.3M | ||
| Q2 25 | $424.8M | $436.0M | ||
| Q1 25 | $423.5M | $437.7M | ||
| Q4 24 | $424.7M | $394.4M | ||
| Q3 24 | $408.5M | $397.9M | ||
| Q2 24 | $402.6M | $406.3M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $67.4M | ||
| Q3 25 | $104.1M | $60.0M | ||
| Q2 25 | $91.0M | $68.5M | ||
| Q1 25 | $101.1M | $72.7M | ||
| Q4 24 | $84.7M | $57.9M | ||
| Q3 24 | $87.5M | $54.2M | ||
| Q2 24 | $21.0M | $61.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 22.3% | ||
| Q3 25 | 27.6% | 21.5% | ||
| Q2 25 | 27.6% | 23.2% | ||
| Q1 25 | 31.1% | 23.0% | ||
| Q4 24 | 26.0% | 21.7% | ||
| Q3 24 | 27.4% | 21.6% | ||
| Q2 24 | 10.1% | 24.0% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 14.6% | ||
| Q3 25 | 22.2% | 13.2% | ||
| Q2 25 | 21.4% | 15.7% | ||
| Q1 25 | 23.9% | 16.6% | ||
| Q4 24 | 19.9% | 14.7% | ||
| Q3 24 | 21.4% | 13.6% | ||
| Q2 24 | 5.2% | 15.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $2.13 | ||
| Q3 25 | $1.34 | $1.90 | ||
| Q2 25 | $1.16 | $2.17 | ||
| Q1 25 | $1.25 | $2.33 | ||
| Q4 24 | $1.08 | $1.82 | ||
| Q3 24 | $1.06 | $1.65 | ||
| Q2 24 | $0.20 | $1.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $107.6M |
| Total DebtLower is stronger | $348.4M | $990.2M |
| Stockholders' EquityBook value | $100.8B | $3.3B |
| Total Assets | $2.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.00× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $107.6M | ||
| Q3 25 | $506.3M | $91.2M | ||
| Q2 25 | $371.0M | $132.9M | ||
| Q1 25 | $387.6M | $36.8M | ||
| Q4 24 | $504.4M | — | ||
| Q3 24 | $375.0M | — | ||
| Q2 24 | $307.4M | $76.8M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $990.2M | ||
| Q3 25 | $348.3M | $1.1B | ||
| Q2 25 | $348.2M | $915.6M | ||
| Q1 25 | $348.2M | $920.1M | ||
| Q4 24 | $348.1M | — | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $3.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.0B | $2.8B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $2.1B | $4.7B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $1.9B | $4.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.30× | ||
| Q3 25 | 0.29× | 0.34× | ||
| Q2 25 | 0.31× | 0.29× | ||
| Q1 25 | 0.32× | 0.30× | ||
| Q4 24 | 0.32× | — | ||
| 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 | — | $122.1M |
| Free Cash FlowOCF − Capex | — | $99.1M |
| FCF MarginFCF / Revenue | — | 21.5% |
| Capex IntensityCapex / Revenue | — | 5.0% |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $122.1M | ||
| Q3 25 | $103.1M | $88.4M | ||
| Q2 25 | $18.8M | $120.0M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $346.6M | $84.0M | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | $88.7M | $97.4M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $99.1M | ||
| Q3 25 | $101.6M | $71.7M | ||
| Q2 25 | $18.0M | $104.3M | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $342.5M | $73.6M | ||
| Q3 24 | $114.1M | — | ||
| Q2 24 | $82.7M | $88.4M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 21.5% | ||
| Q3 25 | 21.6% | 15.7% | ||
| Q2 25 | 4.2% | 23.9% | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 80.7% | 18.7% | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 20.5% | 21.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 5.0% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.2% | 3.6% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 0.7% | 4.1% | ||
| Q2 24 | 1.5% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 1.81× | ||
| Q3 25 | 0.99× | 1.47× | ||
| Q2 25 | 0.21× | 1.75× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | 1.45× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 4.22× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
