Hennessy Advisors vs Mount Logan Capital
Mount Logan Capital is the larger business, with $53.6m of revenue in fiscal 2025 against $35.5m for Hennessy Advisors (1.5 times as much). Hennessy Advisors grew faster (19.9% against 7.6%). Hennessy Advisors kept more of each dollar of sales as profit: a net margin of 28.0% against -113.6%. Hennessy Advisors carries less debt relative to equity (40.7% against 84.7%).
| Latest fiscal year | Hennessy AdvisorsHNNA, 2025 | Mount Logan CapitalMLCI, 2025 |
|---|---|---|
| Revenue | $35.5m | $53.6m |
| Revenue growth | 19.9% | 7.6% |
| Net income | $10.0m | −$60.8m |
| Operating margin | 37.0% | — |
| Net margin | 28.0% | -113.6% |
| Return on equity | 10.5% | -133.8% |
| Free cash flow | $13.4m | — |
| Cash | $72.4m | — |
| Total debt | $39.8m | $77.1m |
| Debt to equity | 40.7% | 84.7% |
| Dividend per share | $0.55 | — |
| Dividend yield | 5.5% | — |
| Share buybacks | — | $1.4m |
| Employees | 18 | — |
| Market value | $83.7m | $40.5m |
| Price vs our value range | — | — |
| Moat score | 81 (Strong) | — |
| Insider trades, 12 months | 0 buys, 7 sales | 7 buys, 0 sales |