Logo

DHIL

Diamond Hill Investment Group, Inc.

DHIL

Diamond Hill Investment Group, Inc. • NASDAQ
$118.00 ▼ -0.34% (-0.40)
Market Cap $321.35 M
52w High $169.35
52w Low $115.61
Dividend Yield 4.50%
P/E 6.85
Volume 21.25K
Outstanding Shares 2.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $41.421M ▲ $6.261M ▼ $13.551M ▼ 32.714% ▼ $4.99 ▼ $17.174M ▲
Q2-2025 $40.733M ▲ $6.577M ▲ $15.571M ▲ 38.226% ▲ $5.73 ▲ $8.019M ▼
Q1-2025 $37.116M ▲ $5.862M ▼ $10.362M ▲ 27.918% ▲ $3.77 ▲ $13.286M ▼
Q4-2024 $26.621M ▼ $6.118M ▼ $7.391M ▼ 27.765% ▼ $2.73 ▼ $13.529M ▲
Q3-2024 $39.018M $6.165M $14.645M 37.533% $5.35 $10.513M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $43.019M ▼ $256.267M ▼ $75.305M ▲ $180.945M ▲
Q2-2025 $49.057M ▲ $261.023M ▲ $65.91M ▲ $171.583M ▲
Q1-2025 $25.14M ▼ $224.437M ▼ $55.479M ▼ $168.554M ▲
Q4-2024 $41.625M ▲ $245.127M ▲ $82.565M ▲ $162.316M ▼
Q3-2024 $33.716M $240.81M $74.317M $166.493M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $40.07B ▲ $22.335M ▲ $-43.875M ▼ $15.503M ▲ $-6.037M ▼ $21.722M ▲
Q2-2025 $16.158M ▲ $-4.969M ▲ $22.155M ▲ $6.731M ▲ $23.916M ▲ $-5.706M ▲
Q1-2025 $10.373M ▲ $-10.734M ▼ $1.761M ▼ $-7.512M ▲ $-16.484M ▼ $-11.276M ▼
Q4-2024 $7.392M ▼ $-8.841M ▼ $30.785M ▲ $-14.036M ▼ $7.909M ▼ $-9.798M ▼
Q3-2024 $14.645M $18.524M $-842.692K $-7.415M $10.266M $18.257M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Investment Advisory Services
Investment Advisory Services
 $40.00M ▲$40.00M ▲$30.00M ▼$40.00M ▲
Mutual Fund Administrative Services
Mutual Fund Administrative Services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Diamond Hill’s income statement shows a steady, fairly resilient business rather than a fast‑growing one. Revenue has moved within a relatively narrow band over the past five years, with profitability remaining solid even as markets have shifted. Earnings briefly peaked a few years ago and then eased back, but they appear to have stabilized and begun to improve again more recently. Overall, it looks like a disciplined, profitable asset manager with moderate earnings volatility tied mainly to market conditions and asset flows.

Balance Sheet

Balance Sheet The balance sheet looks conservative and clean. Total assets and shareholder equity have been broadly stable, indicating a steady capital base without aggressive expansion. The company carries little to almost no financial debt, relying instead on equity and cash, which reduces financial risk. Cash levels have come down from earlier highs but still suggest a reasonable liquidity cushion for an asset‑light, fee‑based business.

Cash Flow

Cash Flow Cash flow generation is a clear strength. Operating cash flow has been consistently positive across the period, and because the business requires very little spending on property or equipment, most of that cash effectively turns into free cash flow. This pattern is typical of established asset managers and supports dividends, buybacks, or other capital returns when management chooses. Even in softer earnings years, the cash profile appears solid rather than strained.

Competitive Edge

Competitive Edge Diamond Hill competes in a crowded asset management field but leans heavily on a clear identity: fundamental, intrinsic value investing with a long‑term mindset. Its emphasis on capacity discipline, employee ownership, and managers investing alongside clients creates a narrative of strong alignment and culture, which can resonate with institutional and high‑conviction clients. The focused lineup of active strategies and strong research orientation differentiate it from more index‑oriented or purely quantitative competitors. At the same time, the firm still faces the usual industry pressures from low‑cost passive products, performance scrutiny, and the need to keep attracting and retaining talented investors.

Innovation and R&D

Innovation and R&D Innovation at Diamond Hill is more about process and structure than about cutting‑edge trading technology. The firm’s main “R&D” is its ongoing refinement of a disciplined value investing framework, capacity management, and alignment mechanisms. It is investing in modernizing its technology and data infrastructure to support research and operations, but not to replace human judgment. Product evolution, such as converting strategies into ETFs and growing fixed‑income offerings, shows a willingness to adapt distribution and formats while keeping the core philosophy intact.

Summary

Financially, Diamond Hill comes across as a stable, profitable, and cash‑generative asset manager with a conservative balance sheet and limited capital needs. Its business model depends heavily on maintaining investment performance and client trust, since fee revenue is tied to assets under management and market levels. The firm’s competitive edge rests on a well‑defined value philosophy, strong alignment with clients, and deliberate capacity limits, rather than on scale or automation. Key uncertainties relate to market cycles, relative performance versus benchmarks and peers, and the ongoing industry shift toward passive and low‑fee products, but the current financial profile suggests a well‑anchored, disciplined operator in its niche.

NEWS

October 30, 2025 · 8:15 AM UTC

DIAMOND HILL INVESTMENT GROUP, INC. REPORTS RESULTS FOR THIRD QUARTER 2025 AND DECLARES QUARTERLY AND SPECIAL DIVIDEND

Read more

October 29, 2025 · 4:00 PM UTC

Diamond Hill Appoints Diane Nordin to Its Board of Directors

Read more