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Side-by-side financial comparison of JANUS HENDERSON GROUP PLC (JHG) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.

JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $809.5M, roughly 1.4× Construction Partners, Inc.). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 2.1%, a 33.2% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 44.1%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 43.9%).

Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

JHG vs ROAD — Head-to-Head

Bigger by revenue
JHG
JHG
1.4× larger
JHG
$1.1B
$809.5M
ROAD
Growing faster (revenue YoY)
JHG
JHG
+17.1% gap
JHG
61.3%
44.1%
ROAD
Higher net margin
JHG
JHG
33.2% more per $
JHG
35.3%
2.1%
ROAD
More free cash flow
JHG
JHG
$273.3M more FCF
JHG
$320.4M
$47.1M
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
43.9%
JHG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
JHG
JHG
ROAD
ROAD
Revenue
$1.1B
$809.5M
Net Profit
$403.2M
$17.2M
Gross Margin
15.0%
Operating Margin
42.7%
6.2%
Net Margin
35.3%
2.1%
Revenue YoY
61.3%
44.1%
Net Profit YoY
231.0%
663.9%
EPS (diluted)
$2.59
$0.31

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.

Revenue
JHG
JHG
ROAD
ROAD
Q4 25
$1.1B
$809.5M
Q3 25
$700.4M
$899.8M
Q2 25
$633.2M
$779.3M
Q1 25
$621.4M
$571.6M
Q4 24
$708.3M
$561.6M
Q3 24
$624.8M
$538.2M
Q2 24
$588.4M
$517.8M
Q1 24
$551.7M
$371.4M
Net Profit
JHG
JHG
ROAD
ROAD
Q4 25
$403.2M
$17.2M
Q3 25
$142.1M
$56.6M
Q2 25
$149.9M
$44.0M
Q1 25
$120.7M
$4.2M
Q4 24
$121.8M
$-3.1M
Q3 24
$27.3M
$29.3M
Q2 24
$129.7M
$30.9M
Q1 24
$130.1M
$-1.1M
Gross Margin
JHG
JHG
ROAD
ROAD
Q4 25
15.0%
Q3 25
17.7%
Q2 25
16.9%
Q1 25
12.5%
Q4 24
13.6%
Q3 24
15.6%
Q2 24
16.1%
Q1 24
10.4%
Operating Margin
JHG
JHG
ROAD
ROAD
Q4 25
42.7%
6.2%
Q3 25
24.6%
11.2%
Q2 25
25.9%
10.6%
Q1 25
24.7%
4.8%
Q4 24
27.9%
2.5%
Q3 24
26.4%
8.5%
Q2 24
27.9%
8.8%
Q1 24
21.6%
0.8%
Net Margin
JHG
JHG
ROAD
ROAD
Q4 25
35.3%
2.1%
Q3 25
20.3%
6.3%
Q2 25
23.7%
5.7%
Q1 25
19.4%
0.7%
Q4 24
17.2%
-0.5%
Q3 24
4.4%
5.4%
Q2 24
22.0%
6.0%
Q1 24
23.6%
-0.3%
EPS (diluted)
JHG
JHG
ROAD
ROAD
Q4 25
$2.59
$0.31
Q3 25
$0.92
$1.03
Q2 25
$0.95
$0.79
Q1 25
$0.77
$0.08
Q4 24
$0.77
$-0.06
Q3 24
$0.17
$0.55
Q2 24
$0.81
$0.59
Q1 24
$0.81
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JHG
JHG
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$1.6B
$104.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.1B
$969.1M
Total Assets
$8.3B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JHG
JHG
ROAD
ROAD
Q4 25
$1.6B
$104.1M
Q3 25
$1.4B
$156.1M
Q2 25
$1.3B
$114.3M
Q1 25
$1.4B
$101.9M
Q4 24
$1.6B
$132.5M
Q3 24
$1.8B
$74.7M
Q2 24
$1.3B
$56.3M
Q1 24
$1.1B
$48.0M
Total Debt
JHG
JHG
ROAD
ROAD
Q4 25
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
Q2 24
Q1 24
Stockholders' Equity
JHG
JHG
ROAD
ROAD
Q4 25
$5.1B
$969.1M
Q3 25
$4.8B
$912.0M
Q2 25
$4.8B
$853.3M
Q1 25
$4.7B
$807.9M
Q4 24
$4.6B
$811.1M
Q3 24
$4.6B
$573.7M
Q2 24
$4.5B
$552.9M
Q1 24
$4.4B
$525.0M
Total Assets
JHG
JHG
ROAD
ROAD
Q4 25
$8.3B
$3.4B
Q3 25
$7.6B
$3.2B
Q2 25
$7.5B
$2.9B
Q1 25
$7.1B
$2.8B
Q4 24
$7.0B
$2.6B
Q3 24
$7.3B
$1.5B
Q2 24
$6.4B
$1.4B
Q1 24
$6.3B
$1.3B
Debt / Equity
JHG
JHG
ROAD
ROAD
Q4 25
Q3 25
1.78×
Q2 25
Q1 25
Q4 24
Q3 24
0.90×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JHG
JHG
ROAD
ROAD
Operating Cash FlowLast quarter
$322.7M
$82.6M
Free Cash FlowOCF − Capex
$320.4M
$47.1M
FCF MarginFCF / Revenue
28.0%
5.8%
Capex IntensityCapex / Revenue
0.2%
4.4%
Cash ConversionOCF / Net Profit
0.80×
4.80×
TTM Free Cash FlowTrailing 4 quarters
$710.9M
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JHG
JHG
ROAD
ROAD
Q4 25
$322.7M
$82.6M
Q3 25
$258.8M
$112.0M
Q2 25
$135.2M
$83.0M
Q1 25
$2.8M
$55.6M
Q4 24
$247.3M
$40.7M
Q3 24
$228.5M
$95.9M
Q2 24
$223.8M
$34.6M
Q1 24
$-5.0M
$18.2M
Free Cash Flow
JHG
JHG
ROAD
ROAD
Q4 25
$320.4M
$47.1M
Q3 25
$256.4M
$78.9M
Q2 25
$133.2M
$46.4M
Q1 25
$900.0K
$14.2M
Q4 24
$243.5M
$13.8M
Q3 24
$225.9M
$78.4M
Q2 24
$221.9M
$19.7M
Q1 24
$-6.8M
$-10.6M
FCF Margin
JHG
JHG
ROAD
ROAD
Q4 25
28.0%
5.8%
Q3 25
36.6%
8.8%
Q2 25
21.0%
5.9%
Q1 25
0.1%
2.5%
Q4 24
34.4%
2.5%
Q3 24
36.2%
14.6%
Q2 24
37.7%
3.8%
Q1 24
-1.2%
-2.8%
Capex Intensity
JHG
JHG
ROAD
ROAD
Q4 25
0.2%
4.4%
Q3 25
0.3%
3.7%
Q2 25
0.3%
4.7%
Q1 25
0.3%
7.2%
Q4 24
0.5%
4.8%
Q3 24
0.4%
3.3%
Q2 24
0.3%
2.9%
Q1 24
0.3%
7.7%
Cash Conversion
JHG
JHG
ROAD
ROAD
Q4 25
0.80×
4.80×
Q3 25
1.82×
1.98×
Q2 25
0.90×
1.88×
Q1 25
0.02×
13.20×
Q4 24
2.03×
Q3 24
8.37×
3.27×
Q2 24
1.73×
1.12×
Q1 24
-0.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JHG
JHG

Investment Advice$585.2M51%
Investment Performance$425.8M37%
Other$76.4M7%

ROAD
ROAD

Segment breakdown not available.

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