Janus Henderson Group plc

JHGNYSEFinancial Services● Active

$51.84

+$0.08(+0.15%)

Market Cap$8.0B

P/E Ratio—

52W High$53.76

52W Low$35.76

Avg Volume2.9M

Open$51.80

Beta1.34

Free Cash Flow Financials Revenue

Janus Henderson Group plc (JHG) Free Cash Flow & Analysis

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

JHG · free cash flow · updated Jun 8, 2026

Core FCF metrics

JHG · FCF · TTM · margin & CAGR

Free cash flow was $0 for FY2025 (fiscal year ending 2025-12-31), down 100.0% year-over-year The FCF margin was 0.0%.

FY2025 Free Cash Flow$0▼ -100.0% YoY

Trailing 12M (TTM)$621.2Mtrailing 4 quarters sum

FCF Margin0.0%$0 ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

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 8, 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

JHG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$719.5M(720M)$0▼ 100.0%0.0%

FY2024$694.6M(10M)$684.5M▲ +58.9%27.7%

FY2023$441.6M(11M)$430.8M▼ 5.5%20.5%

FY2022$473.3M(18M)$455.7M▼ 48.5%20.7%

FY2021$895.4M(10M)$885.0M▲ +40.9%32.0%

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

FCF valuation metrics

JHG · P/FCF · FCF yield · FCF per share

Janus Henderson Group plc (JHG) trades at a FCF yield of 7.79% and a price-to-free-cash-flow ratio of 12.7x. FCF per share stands at $4.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.79%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

JHG · cash flow statement · operating / investing / financing

For FY2025, Janus Henderson Group plc generated $719.5M in operating cash flow and spent 720M in capital expenditures, yielding $0 in free cash flow.

Operating Activities

+$719.5M

Cash from core business operations

2025-12-31

Investing Activities

−$461.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$239.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($719.5M) − |CapEx| (720M) = FCF ($0)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

JHG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Janus Henderson Group plcYOU

JHG

$0-100.0%0.0%

Berkshire Hathaway Inc.

BRK-A

$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

Janus Henderson Group plc (JHG) reported free cash flow of $0 for FY2025 (fiscal year ending 2025-12-31), down 100.0% year-over-year. The FCF margin was 0.0%.

Based on available data, Janus Henderson Group plc has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $885.0M in FY2021.

Janus Henderson Group plc's FCF yield is 7.79% and price-to-FCF ratio is 12.7x 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

JHG free cash flow · 8 questions

Janus Henderson Group plc free cash flow was $0 for FY2025, down 100.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $621.2M.

JHG free cash flowJHG FCFJHG FCF 2025JHG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Janus Henderson Group plc · Janus Henderson Group plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026