JHG
Janus Henderson Group Ltc.
Next earnings Jul 29, 2026 (before open) · consensus $1.04 EPS, $642M rev
Last earnings +0.0% on 2026-05-08
$51.95
▼ -0.04%$51.95▲ +36.61%
over 1Y
L $38.03H $53.21
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.0%
1W+0.1%
1M+0.4%
3M+0.9%
YTD+8.7%
1Y+36.6%
Buy
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Buy
Asset manager firing on all cylinders — revenue +25%, earnings nearly doubled — yet trades at just 9.9x EPS with a clean balance sheet.
Revenue $3.10B · FY2025
The read
Quality fundamentals and an attractive price line up (~283% below fair value) — the rarer case where both the business and the entry look good.
Janus Henderson delivered a standout FY2025: revenue grew 25.2% to $3.10B, operating income rose 51.3% to $977M (a 31.5% operating margin), and net income nearly doubled (+99.5%) to $816M with diluted EPS of $5.23. That operating leverage — earnings growing far faster than revenue — is the hallmark of an asset manager benefiting from rising assets under management, improving flows and a favorable fee mix. ROE of 16% confirms the franchise is converting the rebound into strong returns.
The balance sheet is pristine for the sector: $5.11B equity against just $396M long-term debt (0.42x liabilities/equity) and $1.25B cash. Capital return continues with $249M of dividends and a modestly reduced share count (-2.2%), and the capital-light model (only $8.6M capex) means earnings convert efficiently to distributable cash.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:52 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.77B | $2.20B | $2.10B | $2.47B | $3.10B |
| Gross profit | — | — | — | — | — |
| Operating income | $821M | $490M | $484M | $646M | $977M |
| Net income | $619M | $372M | $392M | $409M | $816M |
| Diluted EPS | $3.57 | $2.23 | $2.37 | $2.56 | $5.23 |
| Net margin | 22.4% | 16.9% | 18.7% | 16.5% | 26.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.20B
EV / EBITDA7.1
EV / Sales2.3
EV / FCF10.1
P / FCF11.3
PEG (trailing)0.10
Earnings yield10.2%
FCF yield8.9%
Quality & risk
ROIC (est.)13.9%
Free cash flow$711M
Total debt$453M
Net cash$801M
Altman Z-Score3.65 safe
Piotroski F-Score7/8
Capital returns
Buyback yield0.5%
Dividend yield (est.)3.1%
Shareholder yield3.6%
Shares Δ YoY-2.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2026-06-30). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗SCHEDULE 13D/AFiling2026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗
Frequently asked
- Is Janus Henderson Group Ltc. (JHG) a buy?
- JHG currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Asset manager firing on all cylinders — revenue +25%, earnings nearly doubled — yet trades at just 9.9x EPS with a clean balance sheet.
- What is JHG's fair value?
- A Modified-Graham model based on JHG's SEC fundamentals estimates a fair value of about $198.74. It is an estimate from reported earnings, not a price target.
- Is JHG overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, JHG currently appears undervalued relative to its SEC-grounded earnings power.
- What is Janus Henderson Group Ltc.'s quality score?
- JHG scores 86.04618014403067/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001274173, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:52:26 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.