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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $324.4M, roughly 1.5× Revolve Group, Inc.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 5.7%, a 14.4% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs -0.8%). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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...
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
FHI vs RVLV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $479.0M | $324.4M |
| Net Profit | $96.4M | $18.6M |
| Gross Margin | — | 53.3% |
| Operating Margin | 26.4% | 6.3% |
| Net Margin | 20.1% | 5.7% |
| Revenue YoY | -0.8% | 10.4% |
| Net Profit YoY | — | 50.4% |
| EPS (diluted) | — | $0.27 |
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 | $324.4M | ||
| Q3 25 | $469.4M | $295.6M | ||
| Q2 25 | $424.8M | $309.0M | ||
| Q1 25 | $423.5M | $296.7M | ||
| Q4 24 | $424.7M | $293.7M | ||
| Q3 24 | $408.5M | $283.1M | ||
| Q2 24 | $402.6M | $282.5M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $18.6M | ||
| Q3 25 | $104.1M | $21.2M | ||
| Q2 25 | $91.0M | $10.2M | ||
| Q1 25 | $101.1M | $11.8M | ||
| Q4 24 | $84.7M | $12.3M | ||
| Q3 24 | $87.5M | $11.0M | ||
| Q2 24 | $21.0M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 6.3% | ||
| Q3 25 | 27.6% | 7.1% | ||
| Q2 25 | 27.6% | 5.8% | ||
| Q1 25 | 31.1% | 5.0% | ||
| Q4 24 | 26.0% | 3.9% | ||
| Q3 24 | 27.4% | 5.0% | ||
| Q2 24 | 10.1% | 5.8% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 5.7% | ||
| Q3 25 | 22.2% | 7.2% | ||
| Q2 25 | 21.4% | 3.3% | ||
| Q1 25 | 23.9% | 4.0% | ||
| Q4 24 | 19.9% | 4.2% | ||
| Q3 24 | 21.4% | 3.9% | ||
| Q2 24 | 5.2% | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.27 | ||
| Q3 25 | $1.34 | $0.29 | ||
| Q2 25 | $1.16 | $0.14 | ||
| Q1 25 | $1.25 | $0.16 | ||
| Q4 24 | $1.08 | $0.18 | ||
| Q3 24 | $1.06 | $0.15 | ||
| Q2 24 | $0.20 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $292.3M |
| Total DebtLower is stronger | $348.4M | — |
| Stockholders' EquityBook value | $100.8B | $512.5M |
| Total Assets | $2.1B | $765.0M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $292.3M | ||
| Q3 25 | $506.3M | $315.4M | ||
| Q2 25 | $371.0M | $310.7M | ||
| Q1 25 | $387.6M | $300.8M | ||
| Q4 24 | $504.4M | $256.6M | ||
| Q3 24 | $375.0M | $252.8M | ||
| Q2 24 | $307.4M | $244.7M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | — | ||
| Q3 25 | $348.3M | — | ||
| Q2 25 | $348.2M | — | ||
| Q1 25 | $348.2M | — | ||
| Q4 24 | $348.1M | — | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $512.5M | ||
| Q3 25 | $1.2B | $490.2M | ||
| Q2 25 | $1.1B | $468.6M | ||
| Q1 25 | $1.1B | $453.4M | ||
| Q4 24 | $1.1B | $437.8M | ||
| Q3 24 | $1.1B | $420.8M | ||
| Q2 24 | $1.0B | $405.8M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $765.0M | ||
| Q3 25 | $2.2B | $751.3M | ||
| Q2 25 | $2.2B | $722.9M | ||
| Q1 25 | $2.0B | $713.9M | ||
| Q4 24 | $2.1B | $665.5M | ||
| Q3 24 | $2.0B | $670.9M | ||
| Q2 24 | $1.9B | $657.8M |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| 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 | — | $-10.2M |
| Free Cash FlowOCF − Capex | — | $-13.3M |
| FCF MarginFCF / Revenue | — | -4.1% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $-10.2M | ||
| Q3 25 | $103.1M | $11.8M | ||
| Q2 25 | $18.8M | $12.6M | ||
| Q1 25 | $14.3M | $45.1M | ||
| Q4 24 | $346.6M | $3.9M | ||
| Q3 24 | $117.1M | $9.1M | ||
| Q2 24 | $88.7M | $-24.7M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $-13.3M | ||
| Q3 25 | $101.6M | $7.5M | ||
| Q2 25 | $18.0M | $10.4M | ||
| Q1 25 | $13.3M | $43.4M | ||
| Q4 24 | $342.5M | $2.1M | ||
| Q3 24 | $114.1M | $8.0M | ||
| Q2 24 | $82.7M | $-25.7M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | -4.1% | ||
| Q3 25 | 21.6% | 2.5% | ||
| Q2 25 | 4.2% | 3.4% | ||
| Q1 25 | 3.1% | 14.6% | ||
| Q4 24 | 80.7% | 0.7% | ||
| Q3 24 | 27.9% | 2.8% | ||
| Q2 24 | 20.5% | -9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1.0% | ||
| Q3 25 | 0.3% | 1.5% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 0.7% | 0.4% | ||
| Q2 24 | 1.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | -0.55× | ||
| Q3 25 | 0.99× | 0.56× | ||
| Q2 25 | 0.21× | 1.24× | ||
| Q1 25 | 0.14× | 3.82× | ||
| Q4 24 | 4.09× | 0.32× | ||
| Q3 24 | 1.34× | 0.83× | ||
| Q2 24 | 4.22× | -1.60× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |