Federated Hermes Premier Municipal Income Fund

FMNNYSEFinancial Services● Active

$11.26

+$0.03(+0.27%)

Market Cap$88038573

P/E Ratio—

52W High$11.4

52W Low$10.4

Avg Volume22K

Open$11.21

Beta0.60

Free Cash Flow Financials Revenue

Federated Hermes Premier Municipal Income Fund (FMN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FMN · free cash flow · updated Jun 13, 2026

Core FCF metrics

FMN · FCF · TTM · margin & CAGR

Free cash flow was $3.7M for FY2025 (fiscal year ending 2025-11-30), down 94.8% year-over-year The FCF margin was 67.5%. Five-year CAGR stands at -11.7%.

FY2025 Free Cash Flow$3.7M▼ -94.8% YoY

Trailing 12M (TTM)$74.2Mtrailing 4 quarters sum

FCF Margin67.5%$3.7M ÷ revenue

3-Year CAGR-51.0%FY2022 → FY2025

5-Year CAGR-11.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 13, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FMN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.7M(0M)$3.7M▼ 94.8%67.5%

FY2024$72.7M(0M)$72.7M▲ +1292.8%598.3%

FY2023$5.2M(0M)$5.2M▼ 83.6%50.6%

FY2022$31.7M(0M)$31.7M▲ +269.6%—

FY2021$8.6M(0M)$8.6M▲ +23.2%82.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FMN · P/FCF · FCF yield · FCF per share

Federated Hermes Premier Municipal Income Fund (FMN) trades at a FCF yield of 1.79% and a price-to-free-cash-flow ratio of 1.2x. FCF per share stands at $9.50, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.79%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.50

TTM FCF ÷ Shares Outstanding

Price / FCF

x1.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x98.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-30

Cash flow statement summary

FMN · cash flow statement · operating / investing / financing

For FY2025, Federated Hermes Premier Municipal Income Fund generated $3.7M in operating cash flow and spent 0M in capital expenditures, yielding $3.7M in free cash flow.

Operating Activities

+$3.7M

Cash from core business operations

2025-11-30

Investing Activities

−$5.3M

CapEx, acquisitions & investments

2025-11-30

Financing Activities

−$3.9M

Buybacks, dividends & debt

2025-11-30

FCF FormulaOperating CF ($3.7M) − |CapEx| (0M) = FCF ($3.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

FMN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Federated Hermes Premier Municipal Income FundYOU

FMN

$3.7M-94.8%67.5%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Federated Hermes Premier Municipal Income Fund (FMN) reported free cash flow of $3.7M for FY2025 (fiscal year ending 2025-11-30), down 94.8% year-over-year. The FCF margin was 67.5%.

Based on available data, Federated Hermes Premier Municipal Income Fund has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $72.7M in FY2024. The 5-year CAGR stands at -11.7%.

Federated Hermes Premier Municipal Income Fund's FCF yield is 1.79% and price-to-FCF ratio is 1.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FMN free cash flow · 8 questions

Federated Hermes Premier Municipal Income Fund free cash flow was $3.7M for FY2025, down 94.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $74.2M.

FMN free cash flowFMN FCFFMN FCF 2025FMN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Federated Hermes Premier Municipal Income Fund · Federated Hermes Premier Municipal Income Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 13, 2026