Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Hennessy Advisors, Inc. (HNNA) had Return on Tangible Equity of 10.19% for the most recently reported fiscal year, ending 2025-09-30.

Quarterly Annual

Figures for fiscal year ending 2025-09-30

Income Statement Financials
Revenue	$35.54M
Net Income	$9.96M
Cost of Goods Sold	--
Gross Profit	$35.54M
Operating Expenses	$22.39M
Operating Income	$13.14M
Non-Operating Income/Expense	$0.47M
Pre-Tax Income	$13.62M
Normalized Pre-Tax Income	$13.62M
Income after Taxes	$9.96M
Income from Continuous Operations	$9.96M
Consolidated Net Income/Loss	$9.96M
Normalized Income after Taxes	$9.96M
EBIT	$13.14M
EBITDA	$13.77M
Weighted-Average Shares Outstanding (Basic)	7.79M
Weighted-Average Shares Outstanding (Diluted)	7.83M
Earnings per Share (EPS) (Basic)	$1.28
Earnings per Share (EPS) (Diluted)	$1.27
Balance Sheet Financials
Current Assets	$76.52M
Property, Plant, and Equipment	$0.52M
Long-Term Assets	$83.27M
Total Assets	$160.46M
Current Liabilities	$6.01M
Long-Term Debt	$39.81M
Long-Term Liabilities	$56.71M
Total Liabilities	$62.72M
Common Equity	$97.74M
Tangible Shareholders Equity	$97.74M
Shareholders Equity	$97.74M
Common Shares Outstanding	7.89M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$13.79M
Cash Flow from Investing Activities	$-0.63M
Cash Flow from Financial Activities	$-4.66M
Beginning Cash	$63.92M
End Cash	$72.43M
Increase/Decrease in Cash	$8.51M
Stock-Based Compensation	$1.12M
Common Stock Dividends Paid	$-4.20M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	12.72
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.29
Debt to Equity Ratio	0.41
Gross Margin	100.00%
Operating Margin	36.99%
EBIT Margin	36.99%
EBITDA Margin	38.73%
Pre-Tax Profit Margin	38.33%
Profit Margin	28.03%
Free Cash Flow	$13.35M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.22
Inventory Turnover	--
Receiveable Turnover	10.85
Days Sales in Receivables	33.64
Return on Equity	10.19%
Return on Tangible Equity	10.19%
Return on Assets	6.21%
Return on Investments	7.24%
Book Value Per Share	$12.39
Free Cash Flow per Share	$1.71
Operating Cash Flow per Share	$1.76

Data from Zacks Investment Research, Inc.