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Hennessy Advisors, Inc.(HNNA)Earnings, Financials & Key Ratios
HNNA•NASDAQ
$10.26
8.1× P/E·Price updated Jul 7, 2026
AboutHennessy Advisors, Inc. is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.Show more
- EBITDA$13M+47.5%
- Net Income$10M+40.3%
- EPS (Diluted)1.27+38.0%
- Gross Margin70.1%+1.0%
- EBITDA Margin37.8%+23.0%
- Operating Margin36.99%+23.7%
- Net Margin28.03%+17.1%
- ROE10.54%+32.9%
HNNA Price & Volume
Hennessy Advisors, Inc. (HNNA) stock price & volume — 10-year historical chart
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Operational Efficiency Offsets Stagnant Organic Revenue Growth
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:AUM concentration and outflows
Key Thesis Takeaways
- Hennessy Advisors maintains a fortress balance sheet with $73.1M in cash, providing significant optionality for its acquisition-led growth strategy in the fragmented mutual fund sector.
- While the firm has successfully expanded gross margins to 82.7% as of 2026Q2, top-line performance remains tethered to market-driven AUM volatility rather than consistent organic expansion.
- Investors should monitor the firm's reliance on $82.3M in goodwill and the sustainability of its 5.2% dividend yield against the backdrop of potential acquisition cost inflation.
Verdict Logic
while the firm trades at an attractive 8.13 P/E ratio, the heavy reliance on goodwill, which accounts for $82.3M of total assets, warrants caution regarding the long-term valuation of acquired management contracts.
HNNA Growth Metrics
Hennessy Advisors, Inc. (HNNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.28%
5 Years1.26%
3 Years6.2%
TTM-
Profit CAGR
10 Years-1.33%
5 Years4.9%
3 Years17.18%
TTM-14.23%
EPS CAGR
10 Years0%
5 Years3.68%
3 Years15.7%
TTM221.21%
Return on Capital
10 Years16.01%
5 Years7.89%
3 Years6.46%
Last Year8.72%
HNNA Recent Earnings
Hennessy Advisors, Inc. (HNNA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.25-24.2%
$0.33
Rev
$8M-15.4%
$10M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.24-27.3%
$0.33
Rev
$8M-13.5%
$10M
Q4 2025
Dec 3, 2025Metric
Actual
Est
EPS
$0.31
—
Rev
$9M
—
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.26
—
Rev
$8M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.25vs $0.33-24.2% | $8Mvs $10M-15.4% |
| Q1 2026 | Feb 5, 2026 | $0.24vs $0.33-27.3% | $8Mvs $10M-13.5% |
| Q4 2025 | Dec 3, 2025 | $0.31 | $9M |
| Q3 2025 | Aug 6, 2025 | $0.26 | $8M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Hennessy Advisors, Inc. (HNNA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.26 | $81.08M | 8.08 | 19.87% | 28.03% | 10.54% | 5.23% | |
| $2.98 | $37.78M | -119.20 | -23.05% | 29.15% | 6.96% | — | |
| $174.99 | $473.29M | 9.77 | 4.48% | 30.89% | 27.03% | — | |
| $10.67 | $81.97M | 19.05 | 1.35% | 2.12% | 2.96% | — | |
| $155.15 | $1.04B | 7.77 | -8% | 14.61% | 11.15% | — | |
| $359.72 | $9.5B | 15.82 | 19.83% | 31.89% | 17.07% | — |
Compare HNNA vs Peers
Hennessy Advisors, Inc. (HNNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HNNA SEC Filings & Documents
Hennessy Advisors, Inc. (HNNA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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HNNA Frequently Asked Questions
Hennessy Advisors, Inc. (HNNA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Hennessy Advisors, Inc.'s revenue?
Hennessy Advisors, Inc. (HNNA) reported $33.0M in revenue for fiscal year 2025.
How fast is Hennessy Advisors, Inc. growing?
Hennessy Advisors, Inc. (HNNA) grew revenue by 19.9% over the past year. This is strong growth.
Is HNNA profitable?
Yes, Hennessy Advisors, Inc. (HNNA) is profitable, generating $8.4M in net income for fiscal year 2025 (28.0% net margin).
Dividend & Returns
Does HNNA pay dividends?
Yes, Hennessy Advisors, Inc. (HNNA) pays a dividend with a yield of 5.23%. This makes it attractive for income-focused investors.
What is HNNA's return on equity?
Hennessy Advisors, Inc. (HNNA) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.
What is Hennessy Advisors, Inc.'s free cash flow?
Hennessy Advisors, Inc. (HNNA) generated $10.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.