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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $479.0M, roughly 1.6× FEDERATED HERMES, INC.). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs 2.2%, a 18.0% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -0.8%). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (9.1% CAGR vs 0.9%).
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...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
FHI vs SCSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $766.5M |
| Net Profit | $96.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 26.4% | 2.3% |
| Net Margin | 20.1% | 2.2% |
| Revenue YoY | -0.8% | 2.5% |
| Net Profit YoY | — | -3.3% |
| EPS (diluted) | — | $0.75 |
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 | $766.5M | ||
| Q3 25 | $469.4M | $739.6M | ||
| Q2 25 | $424.8M | $812.9M | ||
| Q1 25 | $423.5M | $704.8M | ||
| Q4 24 | $424.7M | $747.5M | ||
| Q3 24 | $408.5M | $775.6M | ||
| Q2 24 | $402.6M | $746.1M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $16.5M | ||
| Q3 25 | $104.1M | $19.9M | ||
| Q2 25 | $91.0M | $20.1M | ||
| Q1 25 | $101.1M | $17.4M | ||
| Q4 24 | $84.7M | $17.1M | ||
| Q3 24 | $87.5M | $17.0M | ||
| Q2 24 | $21.0M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 2.3% | ||
| Q3 25 | 27.6% | 3.5% | ||
| Q2 25 | 27.6% | 3.3% | ||
| Q1 25 | 31.1% | 3.2% | ||
| Q4 24 | 26.0% | 2.5% | ||
| Q3 24 | 27.4% | 2.3% | ||
| Q2 24 | 10.1% | 2.9% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 2.2% | ||
| Q3 25 | 22.2% | 2.7% | ||
| Q2 25 | 21.4% | 2.5% | ||
| Q1 25 | 23.9% | 2.5% | ||
| Q4 24 | 19.9% | 2.3% | ||
| Q3 24 | 21.4% | 2.2% | ||
| Q2 24 | 5.2% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.75 | ||
| Q3 25 | $1.34 | $0.89 | ||
| Q2 25 | $1.16 | $0.87 | ||
| Q1 25 | $1.25 | $0.74 | ||
| Q4 24 | $1.08 | $0.70 | ||
| Q3 24 | $1.06 | $0.69 | ||
| Q2 24 | $0.20 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.5M |
| Total DebtLower is stronger | $348.4M | — |
| Stockholders' EquityBook value | $100.8B | $910.9M |
| Total Assets | $2.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $83.5M | ||
| Q3 25 | $506.3M | $124.9M | ||
| Q2 25 | $371.0M | $126.2M | ||
| Q1 25 | $387.6M | $146.3M | ||
| Q4 24 | $504.4M | $110.5M | ||
| Q3 24 | $375.0M | $145.0M | ||
| Q2 24 | $307.4M | $185.5M |
| 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 | $910.9M | ||
| Q3 25 | $1.2B | $914.0M | ||
| Q2 25 | $1.1B | $906.4M | ||
| Q1 25 | $1.1B | $901.7M | ||
| Q4 24 | $1.1B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.0B | $924.3M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B |
| 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 | — | $30.8M |
| Free Cash FlowOCF − Capex | — | $28.9M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $30.8M | ||
| Q3 25 | $103.1M | $23.2M | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $14.3M | $66.1M | ||
| Q4 24 | $346.6M | $-6.2M | ||
| Q3 24 | $117.1M | $44.8M | ||
| Q2 24 | $88.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $28.9M | ||
| Q3 25 | $101.6M | $20.8M | ||
| Q2 25 | $18.0M | — | ||
| Q1 25 | $13.3M | $64.6M | ||
| Q4 24 | $342.5M | $-8.2M | ||
| Q3 24 | $114.1M | $42.5M | ||
| Q2 24 | $82.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 3.8% | ||
| Q3 25 | 21.6% | 2.8% | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 3.1% | 9.2% | ||
| Q4 24 | 80.7% | -1.1% | ||
| Q3 24 | 27.9% | 5.5% | ||
| Q2 24 | 20.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 0.3% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.9% | 0.3% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 1.5% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 1.87× | ||
| Q3 25 | 0.99× | 1.17× | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.14× | 3.79× | ||
| Q4 24 | 4.09× | -0.36× | ||
| Q3 24 | 1.34× | 2.64× | ||
| 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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
