Logo

JHG

Janus Henderson Group plc

JHG

Janus Henderson Group plc • NYSE
$43.71 ▲ 0.81% (+0.35)
Market Cap $6.75 B
52w High $49.42
52w Low $28.26
Dividend Yield 1.59%
P/E 12.89
Volume 454.50K
Outstanding Shares 154.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $700.4M ▲ $323M ▲ $142.1M ▼ 20.288% ▼ $0.92 ▼ $181.4M ▼
Q2-2025 $633.2M ▲ $273.5M ▲ $149.9M ▲ 23.673% ▲ $0.95 ▲ $246M ▲
Q1-2025 $621.4M ▼ $270.2M ▼ $120.7M ▼ 19.424% ▲ $0.77 $163M ▼
Q4-2024 $708.3M ▲ $288.3M ▲ $121.8M ▲ 17.196% ▲ $0.77 ▲ $185.8M ▲
Q3-2024 $624.8M $265.4M $27.3M 4.369% $0.17 $103.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.504B ▲ $7.615B ▲ $1.936B ▲ $4.777B ▲
Q2-2025 $2.352B ▲ $7.452B ▲ $1.807B ▲ $4.769B ▲
Q1-2025 $2.182B ▲ $7.117B ▲ $1.755B ▼ $4.695B ▲
Q4-2024 $2.074B ▼ $6.963B ▼ $1.88B ▼ $4.591B ▼
Q3-2024 $2.523B $7.264B $2.137B $4.633B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $181M ▼ $258.8M ▲ $39.4M ▲ $-163.2M ▼ $129.1M ▲ $256.4M ▲
Q2-2025 $184.4M ▲ $135.2M ▲ $-290.8M ▼ $-67.7M ▼ $-193.9M ▼ $133.2M ▲
Q1-2025 $116M ▼ $2.8M ▼ $-227.3M ▼ $79.6M ▲ $-129.1M ▲ $900K ▼
Q4-2024 $121.5M ▲ $247.3M ▲ $44.3M ▲ $-518.9M ▼ $-270M ▼ $243.5M ▲
Q3-2024 $50M $228.5M $-215M $424.6M $470M $225.9M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Distribution and Shareholder Service
Distribution and Shareholder Service
 $0 ▲$0 ▲$60.00M ▲$70.00M ▲
Investment Advice
Investment Advice
 $500.00M ▲$980.00M ▲$510.00M ▼$560.00M ▲
Investment Performance
Investment Performance
 $10.00M ▲$50.00M ▲$10.00M ▼$20.00M ▲
Product and Service Other
Product and Service Other
 $50.00M ▲$100.00M ▲$50.00M ▼$50.00M ▲
Shareholder Service
Shareholder Service
 $60.00M ▲$120.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Janus Henderson’s income statement shows a business that stays consistently profitable, with earnings that move up and down with market conditions but have generally improved over the last few years. Revenue dipped after a strong year early in the period but has recently started to grow again, suggesting some recovery in client activity and assets under management. Profitability remains solid for an asset manager, with operating and net income both comfortably positive and trending better than during the pandemic period, even if they have not fully returned to the prior peak. Overall, the firm looks like a mature, steady earner that is sensitive to markets but has managed its costs well enough to keep margins healthy.

Balance Sheet

Balance Sheet The balance sheet looks conservative and stable. Total assets and shareholders’ equity have been broadly steady over time, pointing to a firm that is not aggressively levering up or radically reshaping its capital base. Cash balances are strong relative to the size of the business, and debt levels appear modest, which provides flexibility and a cushion against market downturns. This combination suggests a solid financial foundation, with no obvious signs of balance sheet strain.

Cash Flow

Cash Flow Janus Henderson generates reliable cash from its operations, and that cash closely tracks its reported profits, which is a good sign for earnings quality. Capital spending needs are very low, so most of the cash coming in is effectively free to be used for dividends, buybacks, or strategic investments, depending on management’s choices. Cash flow dipped a bit in weaker market years but has rebounded recently, mirroring the pattern in earnings. Overall, the business looks highly cash-generative with limited reinvestment requirements.

Competitive Edge

Competitive Edge Janus Henderson operates as an active asset manager in a very competitive industry that faces fee pressure and ongoing shifts toward low-cost index products. Its main strengths lie in deep, fundamental research, a disciplined investment process, and a broad suite of strategies across equities, fixed income, multi-asset, and alternatives. A global footprint and diversified client base help smooth out regional or segment-specific volatility. The key challenge is to keep delivering differentiated performance and client service in an environment where investors have many choices and costs are under constant scrutiny.

Innovation and R&D

Innovation and R&D While this is not a traditional R&D-driven company, it is investing meaningfully in innovation around products and technology. The firm combines intensive company research with proprietary analytical tools and is experimenting at the frontier of asset management with tokenized U.S. Treasury products on blockchain. It is also expanding active ETFs and launching tech-enabled solutions such as charitable investment accounts that bring more sophisticated tools to a broader audience. Data transformation and potential partnerships or acquisitions in new areas, like illiquid assets, show that management is actively looking to adapt the business model rather than stand still.

Summary

Overall, Janus Henderson looks like a financially solid, cash-rich asset manager with steady profits and a cautious balance sheet. Earnings and cash flows move with market cycles but have trended positively after earlier volatility, and the firm does not appear to be taking on significant financial risk. Competitively, it leans on research depth, global reach, and diversified offerings to stand out in a crowded active management space. Its push into tokenized assets, active ETFs, and tech-enabled client solutions suggests a willingness to innovate, though these areas are still developing and carry execution risk. The future trajectory will largely depend on market conditions, investment performance, and how effectively the firm scales its newer, more innovative initiatives.

NEWS

November 20, 2025 · 4:05 PM UTC

Starlab, Developer of Commercial Space Stations, Secures Strategic Investment from Janus Henderson

Read more

November 10, 2025 · 4:05 PM UTC

Janus Henderson Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee of the Board of Directors

Read more

October 30, 2025 · 7:30 AM UTC

Janus Henderson Group plc Reports Third Quarter 2025 Results

Read more

October 27, 2025 · 8:18 AM UTC

Janus Henderson Group plc Confirms Acquisition Proposal from Trian and General Catalyst

Read more

October 3, 2025 · 9:00 AM UTC

Janus Henderson to Report Third Quarter 2025 Results

Read more