NYSE : JHG
Janus Henderson Group plc — Financial statements
Financials · Asset Management · United Kingdom
Last price 51.95 USD (At close: Jun 30, 2026) · Market cap 8.00B
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Financial statements
Janus Henderson Group plc (JHG) reported revenue of 3.17B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.95B | 2.89B | 2.27B | 1.92B | 2.01B | 2.55B |
| Other Revenue | 214.50M | 211.70M | 204.40M | 183.30M | 190.90M | 214.20M |
| Revenue | 3.17B | 3.10B | 2.47B | 2.10B | 2.20B | 2.77B |
| Cost of Revenue | 1.09B | 1.06B | 882.70M | 760.70M | 792.20M | 874.30M |
| Gross Profit | 2.08B | 2.04B | 1.59B | 1.34B | 1.41B | 1.89B |
| Selling, General & Admin | 1.09B | 1.02B | 925.00M | 834.50M | 854.10M | 909.20M |
| Operating Expenses | 1.13B | 1.06B | 949.50M | 857.40M | 885.80M | 949.90M |
| Operating Income | 944.10M | 983.80M | 641.00M | 483.70M | 525.60M | 942.80M |
| Interest Expense | -24.60M | -24.20M | -18.00M | -12.70M | -12.60M | -12.80M |
| Interest & Investment Income | 204.00M | 191.20M | 123.10M | 88.10M | 7.70M | 800.00K |
| Currency Exchange Gain (Loss) | -4.00M | -6.60M | -142.20M | -7.60M | 12.30M | |
| Other Non Operating Income (Expenses) | -1.80M | -8.30M | 3.30M | -12.60M | 600.00K | 16.50M |
| EBT Excluding Unusual Items | 1.12B | 1.14B | 607.20M | 538.90M | 533.60M | 947.30M |
| Gain (Loss) on Sale of Investments | 5.50M | -113.30M | ||||
| Gain (Loss) on Sale of Assets | -9.10M | -7.70M | ||||
| Asset Writedown | -8.10M | -8.10M | -35.80M | -121.90M | ||
| Other Unusual Items | 24.40M | 24.40M | -11.90M | |||
| Pretax Income | 1.14B | 1.15B | 611.90M | 527.00M | 375.40M | 817.70M |
| Income Tax Expense | 242.20M | 245.70M | 166.30M | 100.30M | 100.90M | 205.30M |
| Earnings From Continuing Operations | 898.40M | 907.60M | 445.60M | 426.70M | 274.50M | 612.40M |
| Minority Interest in Earnings | -112.30M | -91.70M | -36.70M | -34.70M | 97.90M | 7.60M |
| Net Income | 786.10M | 815.90M | 408.90M | 392.00M | 372.40M | 620.00M |
| Preferred Dividends & Other Adjustments | 16.90M | 17.60M | 9.90M | 11.20M | 11.30M | 17.70M |
| Net Income to Common | 769.20M | 798.30M | 399.00M | 380.80M | 361.10M | 602.30M |
| Shares Outstanding (Basic) | 151.05M | 152.00M | 155.40M | 160.40M | 161.70M | 167.90M |
| Shares Outstanding (Diluted) | 151.78M | 152.70M | 155.80M | 160.50M | 162.00M | 168.50M |
| EPS (Basic) | 5.09 | 5.25 | 2.57 | 2.37 | 2.23 | 3.59 |
| EPS (Diluted) | 5.06 | 5.23 | 2.56 | 2.37 | 2.23 | 3.57 |
| Free Cash Flow | 941.60M | 710.90M | 684.50M | 430.80M | 455.70M | 885.00M |
| Free Cash Flow Per Share | 6.20 | 4.66 | 4.39 | 2.68 | 2.81 | 5.25 |
| Dividend Per Share | 0.80 | 1.20 | 1.56 | 1.56 | 1.56 | 1.52 |
| Gross Margin | 65.64% | 65.91% | 64.31% | 63.81% | 64.05% | 68.40% |
| Operating Margin | 29.82% | 31.76% | 25.92% | 23.01% | 23.85% | 34.07% |
| Profit Margin | 24.30% | 25.77% | 16.13% | 18.12% | 16.39% | 21.77% |
| Free Cash Flow Margin | 29.74% | 22.95% | 27.68% | 20.50% | 20.68% | 31.98% |
| EBITDA | 983.30M | 1.02B | 665.50M | 506.60M | 557.30M | 983.50M |
| EBITDA Margin | 31.06% | 32.93% | 26.91% | 24.10% | 25.29% | 35.54% |
| D&A For EBITDA | 39.20M | 36.30M | 24.50M | 22.90M | 31.70M | 40.70M |
| EBIT | 944.10M | 983.80M | 641.00M | 483.70M | 525.60M | 942.80M |
| EBIT Margin | 29.82% | 31.76% | 25.92% | 23.01% | 23.85% | 34.07% |
| Effective Tax Rate | 21.23% | 21.30% | 27.18% | 19.03% | 26.88% | 25.11% |
| Revenue as Reported | 3.17B | 3.10B | 2.47B | 2.10B | 2.20B | 2.77B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.41B | 1.29B | 1.23B | 1.17B | 1.18B | 1.12B |
| Short-Term Investments | 1.19B | 1.53B | 839.20M | 716.60M | 595.90M | 702.30M |
| Cash & Short-Term Investments | 2.60B | 2.83B | 2.07B | 1.88B | 1.77B | 1.82B |
| Accounts Receivable | 537.70M | 803.40M | 425.30M | 388.60M | 318.60M | 436.00M |
| Other Receivables | 6.70M | 7.40M | 26.50M | 31.10M | 10.90M | |
| Receivables | 537.70M | 810.10M | 432.70M | 415.10M | 349.70M | 446.90M |
| Prepaid Expenses | 72.70M | 84.60M | 69.90M | 42.40M | 38.10M | |
| Other Current Assets | 205.40M | 104.20M | 48.20M | 85.90M | 50.40M | 103.30M |
| Total Current Assets | 3.34B | 3.81B | 2.64B | 2.46B | 2.21B | 2.41B |
| Property, Plant & Equipment | 32.60M | 130.40M | 123.50M | 113.70M | 131.50M | 178.80M |
| Long-Term Investments | 15.10M | 16.60M | 23.10M | 29.50M | 18.70M | 16.30M |
| Goodwill | 1.61B | 1.62B | 1.55B | 1.29B | 1.25B | 1.34B |
| Other Intangible Assets | 2.52B | 2.53B | 2.47B | 2.43B | 2.41B | 2.54B |
| Long-Term Deferred Tax Assets | 800.00K | 1.00M | 1.60M | 1.10M | 8.30M | |
| Other Long-Term Assets | 288.90M | 176.70M | 152.30M | 174.60M | 203.90M | 205.60M |
| Total Assets | 7.80B | 8.29B | 6.96B | 6.50B | 6.24B | 6.70B |
| Accounts Payable | 441.40M | 23.30M | 4.70M | 3.20M | 4.30M | 2.60M |
| Accrued Expenses | 199.60M | 692.50M | 540.30M | 437.30M | 452.40M | 586.60M |
| Current Portion of Leases | 14.60M | 16.60M | 23.10M | 24.50M | 29.10M | |
| Current Income Taxes Payable | 44.60M | 19.20M | 11.90M | 14.90M | 17.60M | |
| Other Current Liabilities | 217.60M | 137.50M | 154.20M | 155.50M | 114.40M | 149.70M |
| Total Current Liabilities | 858.60M | 912.50M | 735.00M | 631.00M | 610.50M | 785.60M |
| Long-Term Debt | 395.60M | 395.50M | 395.00M | 304.60M | 307.50M | 310.40M |
| Long-Term Leases | 94.70M | 74.90M | 54.80M | 68.50M | 106.00M | |
| Pension & Post-Retirement Benefits | 3.00M | 4.80M | ||||
| Long-Term Deferred Tax Liabilities | 622.20M | 624.80M | 569.30M | 570.80M | 574.60M | 619.20M |
| Other Long-Term Liabilities | 201.40M | 139.50M | 105.80M | 79.90M | 77.20M | 74.10M |
| Total Liabilities | 2.08B | 2.17B | 1.88B | 1.64B | 1.64B | 1.90B |
| Common Stock | 231.10M | 231.10M | 237.20M | 245.00M | 248.50M | 253.60M |
| Additional Paid-In Capital | 3.74B | 3.73B | 3.75B | 3.72B | 3.71B | 3.77B |
| Retained Earnings | 1.59B | 1.50B | 1.10B | 1.14B | 1.06B | 1.04B |
| Treasury Stock | -1.10M | -1.20M | -900.00K | -1.10M | -8.30M | -55.10M |
| Comprehensive Income & Other | -386.00M | -353.50M | -485.20M | -563.60M | -647.70M | -387.00M |
| Total Common Equity | 5.18B | 5.11B | 4.59B | 4.54B | 4.36B | 4.62B |
| Minority Interest | 547.00M | 1.01B | 491.60M | 317.40M | 236.70M | 178.80M |
| Shareholders' Equity | 5.72B | 6.12B | 5.08B | 4.86B | 4.60B | 4.80B |
| Total Liabilities & Equity | 7.80B | 8.29B | 6.96B | 6.50B | 6.24B | 6.70B |
| Total Debt | 395.60M | 504.80M | 486.50M | 382.50M | 400.50M | 445.50M |
| Net Cash (Debt) | 2.20B | 2.32B | 1.59B | 1.50B | 1.37B | 1.38B |
| Net Cash Per Share | 14.50 | 15.21 | 10.19 | 9.36 | 8.47 | 8.16 |
| Filing Date Shares Outstanding | 154.03M | 154.03M | 157.52M | 161.69M | 165.35M | 167.91M |
| Total Common Shares Outstanding | 154.03M | 154.03M | 158.09M | 163.30M | 165.35M | 167.91M |
| Working Capital | 2.48B | 2.90B | 1.90B | 1.82B | 1.60B | 1.62B |
| Book Value Per Share | 33.61 | 33.17 | 29.04 | 27.79 | 26.37 | 27.54 |
| Tangible Book Value | 1.05B | 960.10M | 567.80M | 816.50M | 692.00M | 739.30M |
| Tangible Book Value Per Share | 6.83 | 6.23 | 3.59 | 5.00 | 4.19 | 4.40 |
| Machinery | 56.60M | 53.00M | 50.10M | 23.90M | 24.80M | |
| Leasehold Improvements | 56.70M | 53.70M | 47.70M | 27.60M | 40.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 786.10M | 815.90M | 408.90M | 392.00M | 372.40M | 620.00M |
| Depreciation & Amortization | 39.20M | 36.30M | 24.50M | 22.90M | 31.70M | 40.70M |
| Loss (Gain) From Sale of Assets | 9.10M | |||||
| Asset Writedown & Restructuring Costs | 35.80M | 121.90M | ||||
| Loss (Gain) From Sale of Investments | -165.20M | -146.90M | -70.80M | -43.40M | 113.30M | -800.00K |
| Stock-Based Compensation | 81.20M | 80.10M | 71.70M | 77.40M | 90.60M | 68.20M |
| Provision & Write-off of Bad Debts | -22.20M | -22.20M | 23.70M | |||
| Other Operating Activities | 150.90M | 130.20M | 166.10M | 24.20M | -124.50M | -17.00M |
| Change in Accounts Receivable | -2.10M | -7.30M | 3.00M | -3.20M | -700.00K | 1.00M |
| Change in Other Net Operating Assets | 83.60M | -166.60M | 91.20M | -52.00M | -54.40M | 61.40M |
| Operating Cash Flow | 951.50M | 719.50M | 694.60M | 441.60M | 473.30M | 895.40M |
| Capital Expenditures | -9.90M | -8.60M | -10.10M | -10.80M | -17.60M | -10.40M |
| Cash Acquisitions | -2.40M | -126.90M | ||||
| Divestitures | 14.90M | 27.40M | ||||
| Investment in Securities | -283.20M | -346.90M | -138.40M | -284.60M | 700.00K | -274.50M |
| Other Investing Activities | -100.30M | -103.10M | -10.00M | -33.50M | 60.50M | -25.80M |
| Investing Cash Flow | -393.40M | -461.00M | -285.40M | -328.90M | 58.50M | -283.30M |
| Long-Term Debt Issued | 394.90M | |||||
| Long-Term Debt Repaid | -304.00M | -500.00K | ||||
| Net Debt Issued (Repaid) | 90.90M | -500.00K | ||||
| Issuance of Common Stock | 12.50M | |||||
| Repurchase of Common Stock | -245.20M | -265.90M | -288.00M | -119.30M | -212.70M | -443.90M |
| Common Dividends Paid | -187.70M | -249.20M | -250.10M | -258.70M | -259.40M | -256.00M |
| Other Financing Activities | 163.10M | 276.00M | 122.80M | 226.10M | 53.00M | 99.80M |
| Financing Cash Flow | -269.80M | -239.10M | -324.40M | -151.90M | -419.10M | -588.10M |
| Foreign Exchange Rate Adjustments | 15.60M | 39.30M | -18.10M | 30.90M | -54.90M | -13.50M |
| Net Cash Flow | 303.90M | 58.70M | 66.70M | -8.30M | 57.80M | 10.50M |
| Free Cash Flow | 941.60M | 710.90M | 684.50M | 430.80M | 455.70M | 885.00M |
| Free Cash Flow Margin | 29.74% | 22.95% | 27.68% | 20.50% | 20.68% | 31.98% |
| Free Cash Flow Per Share | 6.20 | 4.66 | 4.39 | 2.68 | 2.81 | 5.25 |
| Levered Free Cash Flow | 742.49M | 465.55M | 591.38M | 277.38M | 400.62M | 750.35M |
| Unlevered Free Cash Flow | 757.86M | 480.68M | 602.62M | 285.31M | 408.50M | 758.35M |
| Cash Interest Paid | 21.80M | 21.80M | 18.50M | 14.60M | 14.60M | 14.60M |
| Cash Income Tax Paid | 173.60M | 171.00M | 133.30M | 104.30M | 140.70M | 217.60M |
| Change in Working Capital | 81.50M | -173.90M | 94.20M | -55.20M | -55.10M | 62.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.00B | 7.33B | 6.71B | 4.96B | 3.89B | 7.07B |
| Enterprise Value | 5.80B | 6.12B | 5.38B | 3.85B | 2.90B | 6.03B |
| Last Close Price | 51.95 | 47.57 | 40.93 | 27.74 | 20.40 | 34.26 |
| PE Ratio | 10.26 | 9.18 | 16.83 | 13.02 | 10.79 | 11.74 |
| Forward PE | 11.75 | 11.04 | 11.54 | 13.27 | 12.79 | 10.33 |
| PS Ratio | 2.53 | 2.37 | 2.71 | 2.36 | 1.77 | 2.56 |
| PB Ratio | 1.55 | 1.20 | 1.32 | 1.02 | 0.85 | 1.47 |
| P/TBV Ratio | 7.61 | 7.63 | 11.82 | 6.07 | 5.63 | 9.56 |
| P/FCF Ratio | 8.50 | 10.31 | 9.81 | 11.51 | 8.55 | 7.99 |
| P/OCF Ratio | 8.41 | 10.19 | 9.67 | 11.22 | 8.23 | 7.90 |
| PEG Ratio | 5.72 | 0.76 | 2.42 | 9.60 | 0.76 | |
| EV/Sales Ratio | 1.83 | 1.98 | 2.18 | 1.83 | 1.32 | 2.18 |
| EV/EBITDA Ratio | 5.90 | 6.00 | 8.09 | 7.60 | 5.21 | 6.13 |
| EV/EBIT Ratio | 6.14 | 6.22 | 8.40 | 7.96 | 5.53 | 6.40 |
| EV/FCF Ratio | 6.16 | 8.61 | 7.87 | 8.93 | 6.37 | 6.82 |
| Debt / Equity Ratio | 0.07 | 0.08 | 0.10 | 0.08 | 0.09 | 0.09 |
| Debt / EBITDA Ratio | 0.39 | 0.48 | 0.71 | 0.72 | 0.68 | 0.44 |
| Debt / FCF Ratio | 0.42 | 0.71 | 0.71 | 0.89 | 0.88 | 0.50 |
| Net Debt / Equity Ratio | -0.39 | -0.38 | -0.31 | -0.31 | -0.30 | -0.29 |
| Net Debt / EBITDA Ratio | -2.24 | -2.28 | -2.38 | -2.96 | -2.46 | -1.40 |
| Net Debt / FCF Ratio | -2.34 | -3.27 | -2.32 | -3.49 | -3.01 | -1.55 |
| Asset Turnover | 0.42 | 0.41 | 0.37 | 0.33 | 0.34 | 0.41 |
| Quick Ratio | 3.65 | 3.99 | 3.41 | 3.65 | 3.48 | 2.89 |
| Current Ratio | 3.89 | 4.18 | 3.59 | 3.89 | 3.63 | 3.07 |
| Return on Equity (ROE) | 16.21% | 16.20% | 8.97% | 9.03% | 5.84% | 12.73% |
| Return on Assets (ROA) | 7.91% | 8.06% | 5.95% | 4.75% | 5.08% | 8.80% |
| Return on Invested Capital (ROIC) | 20.32% | 21.23% | 13.63% | 11.91% | 11.56% | 19.85% |
| Return on Capital Employed (ROCE) | 13.60% | 13.30% | 10.30% | 8.20% | 9.30% | 15.90% |
| Earnings Yield | 9.61% | 11.13% | 6.09% | 7.91% | 9.56% | 8.77% |
| FCF Yield | 11.77% | 9.70% | 10.20% | 8.69% | 11.70% | 12.52% |
| Dividend Yield | 1.54% | 2.52% | 3.81% | 5.62% | 7.65% | 4.44% |
| Payout Ratio | 15.80% | 30.54% | 61.16% | 66.00% | 69.66% | 41.29% |
| Buyback Yield / Dilution | 2.08% | 1.99% | 2.93% | 0.93% | 3.86% | 6.34% |
| Total Shareholder Return | 3.62% | 4.51% | 6.74% | 6.55% | 11.51% | 10.77% |