What is Janus Henderson's earnings per share (EPS)?

Janus Henderson (JHG) reported diluted earnings per share of $5.23 for fiscal year 2025. This represents a 104.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Janus Henderson Financials

JHG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Janus Henderson (JHG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 80/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Janus Henderson has an operating margin of 31.5%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 26.1% the prior year.

Growth

Janus Henderson's revenue surged 25.2% year-over-year to $3.1B, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage

100

Janus Henderson carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.18, Janus Henderson holds $4.18 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.

Cash Flow

Janus Henderson converts 22.9% of revenue into free cash flow ($710.9M). This strong cash generation earns a score of 82/100.

Returns

Janus Henderson's ROE of 16.0% shows moderate profitability relative to equity, earning a score of 47/100. This is up from 8.9% the prior year.

Altman Z-Score Safe

3.63

Janus Henderson scores 3.63, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.9B) relative to total liabilities ($2.2B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

7/9

Janus Henderson passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.88x

For every $1 of reported earnings, Janus Henderson generates $0.88 in operating cash flow ($719.5M OCF vs $815.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

40.4x

Janus Henderson earns $40.4 in operating income for every $1 of interest expense ($976.8M vs $24.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.1B

YoY+25.2%

5Y CAGR+6.1%

10Y CAGR+10.4%

Janus Henderson generated $3.1B in revenue in fiscal year 2025. This represents an increase of 25.2% from the prior year.

EBITDA

$1.0B

YoY+51.2%

5Y CAGR+41.7%

10Y CAGR+11.5%

Janus Henderson's EBITDA was $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.2% from the prior year.

Net Income

$815.9M

YoY+99.5%

5Y CAGR+40.1%

10Y CAGR+9.4%

Janus Henderson reported $815.9M in net income in fiscal year 2025. This represents an increase of 99.5% from the prior year.

EPS (Diluted)

$5.23

YoY+104.3%

5Y CAGR+49.5%

Janus Henderson earned $5.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 104.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$710.9M

YoY+3.9%

5Y CAGR+2.5%

10Y CAGR+6.6%

Janus Henderson generated $710.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.9% from the prior year.

Cash & Debt

$1.3B

YoY+3.0%

5Y CAGR+2.5%

10Y CAGR+7.9%

Janus Henderson held $1.3B in cash against $395.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.59

YoY+1.9%

5Y CAGR+2.0%

Janus Henderson paid $1.59 per share in dividends in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Shares Outstanding

154M

YoY-2.6%

5Y CAGR-3.1%

Janus Henderson had 154M shares outstanding in fiscal year 2025. This represents a decrease of 2.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

31.5%

YoY+5.4pp

5Y CAGR+26.0pp

10Y CAGR+4.1pp

Janus Henderson's operating margin was 31.5% in fiscal year 2025, reflecting core business profitability. This is up 5.4 percentage points from the prior year.

Net Margin

26.3%

YoY+9.8pp

5Y CAGR+19.8pp

10Y CAGR-2.3pp

Janus Henderson's net profit margin was 26.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.8 percentage points from the prior year.

Return on Equity

16.0%

YoY+7.1pp

5Y CAGR+12.8pp

10Y CAGR-1.4pp

Janus Henderson's ROE was 16.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$8.6M

YoY-14.9%

5Y CAGR-13.5%

10Y CAGR-3.4%

Janus Henderson invested $8.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 14.9% from the prior year.

JHG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.1B+25.2%	$2.5B+17.7%	$2.1B-4.6%	$2.2B-20.4%	$2.8B+20.4%	$2.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$348.3M+15.8%	$300.8M+2.1%	$294.6M+5.5%	$279.3M+2.8%	$271.8M+6.5%	$255.2M
Operating Income	$976.8M+51.3%	$645.7M+33.5%	$483.7M-1.2%	$489.8M-40.3%	$820.9M+539.8%	$128.3M
Interest Expense	$24.2M+34.4%	$18.0M+41.7%	$12.7M+0.8%	$12.6M-1.6%	$12.8M-0.8%	$12.9M
Income Tax	$245.7M+47.7%	$166.3M+65.8%	$100.3M-0.6%	$100.9M-50.9%	$205.3M+293.3%	$52.2M
Net Income	$815.9M+99.5%	$408.9M+4.3%	$392.0M+5.3%	$372.4M-39.8%	$618.5M+308.8%	$151.3M
EPS (Diluted)	$5.23+104.3%	$2.56+8.0%	$2.37+6.3%	$2.23-37.5%	$3.57+410.0%	$0.70

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.1B+63.1%	$700.4M+10.6%	$633.2M+1.9%	$621.4M-12.3%	$708.3M+13.4%	$624.8M+6.2%	$588.4M+6.7%	$551.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$107.7M+27.3%	$84.6M+5.2%	$80.4M+6.3%	$75.6M-14.0%	$87.9M+13.6%	$77.4M+15.7%	$66.9M-2.5%	$68.6M
Operating Income	$487.4M+183.4%	$172.0M+5.0%	$163.8M+6.6%	$153.6M-22.2%	$197.5M+19.9%	$164.7M+0.2%	$164.3M+37.8%	$119.2M
Interest Expense	$6.1M-3.2%	$6.3M+6.8%	$5.9M0.0%	$5.9M-18.1%	$7.2M+60.0%	$4.5M+40.6%	$3.2M+3.2%	$3.1M
Income Tax	$120.9M+168.7%	$45.0M-4.7%	$47.2M+44.8%	$32.6M-32.8%	$48.5M+11.2%	$43.6M+4.8%	$41.6M+27.6%	$32.6M
Net Income	$403.2M+183.7%	$142.1M-5.2%	$149.9M+24.2%	$120.7M-0.9%	$121.8M+346.2%	$27.3M-79.0%	$129.7M-0.3%	$130.1M
EPS (Diluted)	N/A	$0.92-3.2%	$0.95+23.4%	$0.77	N/A	$0.17-79.0%	$0.810.0%	$0.81

JHG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.3B+19.0%	$7.0B+7.2%	$6.5B+4.1%	$6.2B-6.9%	$6.7B+0.6%	$6.7B
Current Assets	$3.8B+44.5%	$2.6B+7.5%	$2.5B+10.9%	$2.2B-8.1%	$2.4B+9.8%	$2.2B
Cash & Equivalents	$1.3B+3.0%	$1.2B+5.6%	$1.2B-0.9%	$1.2B+3.9%	$1.1B+0.9%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B+4.6%	$1.6B+20.2%	$1.3B+3.0%	$1.3B-6.6%	$1.3B-0.7%	$1.4B
Total Liabilities	$2.2B+15.3%	$1.9B+14.6%	$1.6B0.0%	$1.6B-13.6%	$1.9B+1.7%	$1.9B
Current Liabilities	$912.5M+24.1%	$735.0M+16.5%	$631.0M+3.4%	$610.5M-22.3%	$785.6M+8.4%	$724.5M
Long-Term Debt	$395.5M+0.1%	$395.0M+29.7%	$304.6M-0.9%	$307.5M-0.9%	$310.4M-0.9%	$313.3M
Total Equity	$5.1B+11.3%	$4.6B+1.2%	$4.5B+4.1%	$4.4B-5.7%	$4.6B-1.5%	$4.7B
Retained Earnings	$1.5B+36.8%	$1.1B-3.6%	$1.1B+7.1%	$1.1B+2.0%	$1.0B+0.9%	$1.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.3B+8.8%	$7.6B+2.2%	$7.5B+4.7%	$7.1B+2.2%	$7.0B-4.1%	$7.3B+13.3%	$6.4B+2.3%	$6.3B
Current Assets	$3.8B+21.0%	$3.2B+6.7%	$3.0B+7.4%	$2.8B+4.3%	$2.6B-15.8%	$3.1B+31.9%	$2.4B+6.6%	$2.2B
Cash & Equivalents	$1.3B+25.8%	$996.9M+13.0%	$882.6M-18.5%	$1.1B-11.0%	$1.2B-18.0%	$1.5B+46.3%	$1.0B+12.1%	$904.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.6B0.0%	$1.6B-0.8%	$1.6B+2.9%	$1.6B+2.4%	$1.6B+14.7%	$1.4B+5.3%	$1.3B+0.1%	$1.3B
Total Liabilities	$2.2B+12.0%	$1.9B+7.1%	$1.8B+2.9%	$1.8B-6.6%	$1.9B-12.0%	$2.1B+34.2%	$1.6B+1.5%	$1.6B
Current Liabilities	$912.5M+16.3%	$784.3M+19.1%	$658.4M+4.7%	$629.1M-14.4%	$735.0M-27.7%	$1.0B+73.2%	$586.9M+3.3%	$568.4M
Long-Term Debt	$395.5M0.0%	$395.4M+0.1%	$395.2M0.0%	$395.2M+0.1%	$395.0M-0.3%	$396.2M+30.7%	$303.1M-0.3%	$303.9M
Total Equity	$5.1B+6.9%	$4.8B+0.2%	$4.8B+1.6%	$4.7B+2.3%	$4.6B-0.9%	$4.6B+3.5%	$4.5B+1.1%	$4.4B
Retained Earnings	$1.5B+26.7%	$1.2B+1.3%	$1.2B+3.4%	$1.1B+3.0%	$1.1B+0.8%	$1.1B-6.3%	$1.2B+3.1%	$1.1B

JHG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$719.5M+3.6%	$694.6M+57.3%	$441.6M-6.7%	$473.3M-47.1%	$895.4M+38.7%	$645.7M
Capital Expenditures	$8.6M-14.9%	$10.1M-6.5%	$10.8M-38.6%	$17.6M+69.2%	$10.4M-41.6%	$17.8M
Free Cash Flow	$710.9M+3.9%	$684.5M+58.9%	$430.8M-5.5%	$455.7M-48.5%	$885.0M+40.9%	$627.9M
Investing Cash Flow	-$461.0M-61.5%	-$285.4M+13.2%	-$328.9M-662.2%	$58.5M+120.6%	-$283.3M-318.9%	$129.4M
Financing Cash Flow	-$239.1M+26.3%	-$324.4M-113.6%	-$151.9M+63.8%	-$419.1M+28.7%	-$588.1M-19.8%	-$491.0M
Dividends Paid	$249.2M-0.4%	$250.1M-3.3%	$258.7M-0.3%	$259.4M+1.3%	$256.0M-2.6%	$262.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$322.7M+24.7%	$258.8M+91.4%	$135.2M+4728.6%	$2.8M-98.9%	$247.3M+8.2%	$228.5M+2.1%	$223.8M+4576.0%	-$5.0M
Capital Expenditures	$2.3M-4.2%	$2.4M+20.0%	$2.0M+5.3%	$1.9M-50.0%	$3.8M+46.2%	$2.6M+36.8%	$1.9M+5.6%	$1.8M
Free Cash Flow	$320.4M+25.0%	$256.4M+92.5%	$133.2M+14700.0%	$900K-99.6%	$243.5M+7.8%	$225.9M+1.8%	$221.9M+3363.2%	-$6.8M
Investing Cash Flow	$17.7M-55.1%	$39.4M+113.5%	-$290.8M-27.9%	-$227.3M-613.1%	$44.3M+120.6%	-$215.0M-256.0%	-$60.4M-11.2%	-$54.3M
Financing Cash Flow	-$87.8M+46.2%	-$163.2M-141.1%	-$67.7M-185.1%	$79.6M+115.3%	-$518.9M-222.2%	$424.6M+934.2%	-$50.9M+71.6%	-$179.2M
Dividends Paid	$61.5M-1.4%	$62.4M-2.2%	$63.8M+3.7%	$61.5M-0.8%	$62.0M-0.5%	$62.3M-0.5%	$62.6M-0.9%	$63.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

JHG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	31.5%+5.4pp	26.1%+3.1pp	23.0%+0.8pp	22.2%-7.4pp	29.7%+24.1pp	5.6%
Net Margin	26.3%+9.8pp	16.5%-2.1pp	18.6%+1.7pp	16.9%-5.4pp	22.4%+15.8pp	6.6%
Return on Equity	16.0%+7.1pp	8.9%+0.3pp	8.6%+0.1pp	8.5%-4.8pp	13.4%+10.2pp	3.2%
Return on Assets	9.8%+4.0pp	5.9%-0.2pp	6.0%+0.1pp	6.0%-3.3pp	9.2%+7.0pp	2.3%
Current Ratio	4.18+0.6	3.59-0.3	3.89+0.3	3.63+0.6	3.07+0.0	3.03
Debt-to-Equity	0.080.0	0.09+0.0	0.070.0	0.070.0	0.070.0	0.07
FCF Margin	22.9%-4.7pp	27.7%+7.2pp	20.5%-0.2pp	20.7%-11.3pp	32.0%+4.7pp	27.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	42.7%+18.1pp	24.6%-1.3pp	25.9%+1.1pp	24.7%-3.2pp	27.9%+1.5pp	26.4%-1.6pp	27.9%+6.3pp	21.6%
Net Margin	35.3%+15.0pp	20.3%-3.4pp	23.7%+4.2pp	19.4%+2.2pp	17.2%+12.8pp	4.4%-17.7pp	22.0%-1.5pp	23.6%
Return on Equity	7.9%+4.9pp	3.0%-0.2pp	3.1%+0.6pp	2.6%-0.1pp	2.6%+2.1pp	0.6%-2.3pp	2.9%-0.0pp	2.9%
Return on Assets	4.9%+3.0pp	1.9%-0.1pp	2.0%+0.3pp	1.7%-0.1pp	1.8%+1.4pp	0.4%-1.6pp	2.0%-0.1pp	2.1%
Current Ratio	4.18+0.2	4.02-0.5	4.49+0.1	4.38+0.8	3.59+0.5	3.08-1.0	4.05+0.1	3.92
Debt-to-Equity	0.080.0	0.080.0	0.080.0	0.080.0	0.090.0	0.09+0.0	0.070.0	0.07
FCF Margin	28.1%-8.6pp	36.6%+15.6pp	21.0%+20.9pp	0.1%-34.2pp	34.4%-1.8pp	36.2%-1.6pp	37.7%+38.9pp	-1.2%

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Frequently Asked Questions

What is Janus Henderson's annual revenue?

Janus Henderson (JHG) reported $3.1B in total revenue for fiscal year 2025. This represents a 25.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Janus Henderson's revenue growing?

Janus Henderson (JHG) revenue grew by 25.2% year-over-year, from $2.5B to $3.1B in fiscal year 2025.

Is Janus Henderson profitable?

Yes, Janus Henderson (JHG) reported a net income of $815.9M in fiscal year 2025, with a net profit margin of 26.3%.

What is Janus Henderson's EBITDA?

Janus Henderson (JHG) had EBITDA of $1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Janus Henderson have?

As of fiscal year 2025, Janus Henderson (JHG) had $1.3B in cash and equivalents against $395.5M in long-term debt.

What is Janus Henderson's operating margin?

Janus Henderson (JHG) had an operating margin of 31.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Janus Henderson's net profit margin?

Janus Henderson (JHG) had a net profit margin of 26.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Janus Henderson pay dividends?

Yes, Janus Henderson (JHG) paid $1.59 per share in dividends during fiscal year 2025.

What is Janus Henderson's return on equity (ROE)?

Janus Henderson (JHG) has a return on equity of 16.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Janus Henderson's free cash flow?

Janus Henderson (JHG) generated $710.9M in free cash flow during fiscal year 2025. This represents a 3.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Janus Henderson's operating cash flow?

Janus Henderson (JHG) generated $719.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Janus Henderson's total assets?

Janus Henderson (JHG) had $8.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Janus Henderson's capital expenditures?

Janus Henderson (JHG) invested $8.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Janus Henderson have outstanding?

Janus Henderson (JHG) had 154M shares outstanding as of fiscal year 2025.

What is Janus Henderson's current ratio?

Janus Henderson (JHG) had a current ratio of 4.18 as of fiscal year 2025, which is generally considered healthy.

What is Janus Henderson's debt-to-equity ratio?

Janus Henderson (JHG) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Janus Henderson's return on assets (ROA)?

Janus Henderson (JHG) had a return on assets of 9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Janus Henderson's Altman Z-Score?

Janus Henderson (JHG) has an Altman Z-Score of 3.63, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Janus Henderson's Piotroski F-Score?

Janus Henderson (JHG) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Janus Henderson's earnings high quality?

Janus Henderson (JHG) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Janus Henderson cover its interest payments?

Janus Henderson (JHG) has an interest coverage ratio of 40.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Janus Henderson?

Janus Henderson (JHG) scores 80 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.