vs
Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($482.8M vs $334.0M, roughly 1.4× WYNDHAM HOTELS & RESORTS, INC.). FEDERATED HERMES, INC. runs the higher net margin — 22.2% vs -18.0%, a 40.1% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (13.7% vs -76.3%). FEDERATED HERMES, INC. produced more free cash flow last quarter ($294.6M vs $168.0M). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (10.4% CAGR vs -4.6%).
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...
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
FHI vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $482.8M | $334.0M |
| Net Profit | $107.0M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 28.1% | — |
| Net Margin | 22.2% | -18.0% |
| Revenue YoY | 13.7% | -76.3% |
| Net Profit YoY | 26.4% | -170.6% |
| EPS (diluted) | $1.38 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $482.8M | $334.0M | ||
| Q3 25 | $469.4M | $382.0M | ||
| Q2 25 | $424.8M | $397.0M | ||
| Q1 25 | $423.5M | $316.0M | ||
| Q4 24 | $424.7M | $336.0M | ||
| Q3 24 | $408.5M | $396.0M | ||
| Q2 24 | $402.6M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $107.0M | $-60.0M | ||
| Q3 25 | $104.1M | $105.0M | ||
| Q2 25 | $91.0M | $87.0M | ||
| Q1 25 | $101.1M | $61.0M | ||
| Q4 24 | $84.7M | $85.0M | ||
| Q3 24 | $87.5M | $102.0M | ||
| Q2 24 | $21.0M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.1% | -11.4% | ||
| Q3 25 | 27.6% | 46.6% | ||
| Q2 25 | 27.6% | 37.8% | ||
| Q1 25 | 31.1% | 35.4% | ||
| Q4 24 | 26.0% | 38.4% | ||
| Q3 24 | 27.4% | 43.2% | ||
| Q2 24 | 10.1% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 22.2% | -18.0% | ||
| Q3 25 | 22.2% | 27.5% | ||
| Q2 25 | 21.4% | 21.9% | ||
| Q1 25 | 23.9% | 19.3% | ||
| Q4 24 | 19.9% | 25.3% | ||
| Q3 24 | 21.4% | 25.8% | ||
| Q2 24 | 5.2% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.38 | $-0.77 | ||
| Q3 25 | $1.34 | $1.36 | ||
| Q2 25 | $1.16 | $1.13 | ||
| Q1 25 | $1.25 | $0.78 | ||
| Q4 24 | $1.08 | $1.06 | ||
| Q3 24 | $1.06 | $1.29 | ||
| Q2 24 | $0.20 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $582.5M | $64.0M |
| Total DebtLower is stronger | $348.4M | — |
| Stockholders' EquityBook value | $1.2B | $468.0M |
| Total Assets | $2.2B | $4.2B |
| Debt / EquityLower = less leverage | 0.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $582.5M | $64.0M | ||
| Q3 25 | $506.3M | $70.0M | ||
| Q2 25 | $371.0M | $50.0M | ||
| Q1 25 | $387.6M | $48.0M | ||
| Q4 24 | $504.4M | $103.0M | ||
| Q3 24 | $375.0M | $72.0M | ||
| Q2 24 | $307.4M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $348.4M | $2.5B | ||
| Q3 25 | $348.3M | $2.6B | ||
| Q2 25 | $348.2M | $2.5B | ||
| Q1 25 | $348.2M | $2.5B | ||
| Q4 24 | $348.1M | $2.4B | ||
| Q3 24 | $348.0M | $2.4B | ||
| Q2 24 | $348.0M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $1.2B | $468.0M | ||
| Q3 25 | $1.2B | $583.0M | ||
| Q2 25 | $1.1B | $570.0M | ||
| Q1 25 | $1.1B | $579.0M | ||
| Q4 24 | $1.1B | $650.0M | ||
| Q3 24 | $1.1B | $583.0M | ||
| Q2 24 | $1.0B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.2B | $4.3B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.0B | $4.2B | ||
| Q2 24 | $1.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.29× | 5.37× | ||
| Q3 25 | 0.29× | 4.43× | ||
| Q2 25 | 0.31× | 4.44× | ||
| Q1 25 | 0.32× | 4.29× | ||
| Q4 24 | 0.32× | 3.72× | ||
| Q3 24 | 0.32× | 4.19× | ||
| Q2 24 | 0.34× | 3.83× |
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 | $297.3M | $367.0M |
| Free Cash FlowOCF − Capex | $294.6M | $168.0M |
| FCF MarginFCF / Revenue | 61.0% | 50.3% |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $427.5M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $297.3M | $152.0M | ||
| Q3 25 | $103.1M | $86.0M | ||
| Q2 25 | $18.8M | $70.0M | ||
| Q1 25 | $14.3M | $59.0M | ||
| Q4 24 | $346.6M | $134.0M | ||
| Q3 24 | $117.1M | $79.0M | ||
| Q2 24 | $88.7M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $294.6M | $136.0M | ||
| Q3 25 | $101.6M | $75.0M | ||
| Q2 25 | $18.0M | $58.0M | ||
| Q1 25 | $13.3M | $52.0M | ||
| Q4 24 | $342.5M | $109.0M | ||
| Q3 24 | $114.1M | $71.0M | ||
| Q2 24 | $82.7M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 61.0% | 40.7% | ||
| Q3 25 | 21.6% | 19.6% | ||
| Q2 25 | 4.2% | 14.6% | ||
| Q1 25 | 3.1% | 16.5% | ||
| Q4 24 | 80.7% | 32.4% | ||
| Q3 24 | 27.9% | 17.9% | ||
| Q2 24 | 20.5% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.9% | 7.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 1.5% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.99× | 0.82× | ||
| Q2 25 | 0.21× | 0.80× | ||
| Q1 25 | 0.14× | 0.97× | ||
| Q4 24 | 4.09× | 1.58× | ||
| Q3 24 | 1.34× | 0.77× | ||
| Q2 24 | 4.22× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
