Hamilton Lane INC HLNE

Asset Management, Financial Services

$82.27

−3.56%

Market cap: $4.5B
PE: 12.5×; 8y median 30.0×
Forward PE: n/m; not a meaningful number
Price to sales: 5.3×
EV/EBIT: 8.6×
Revenue, 12 months: $858.4M; +24% on a year ago
Net margin: 32.1%
Free cash flow yield: 8.1%

Hamilton Lane INC trades at 12.5× trailing earnings, cheaper than 100% of the last ten years. Revenue was $858.4M over the last twelve months, up 24% on a year earlier with a 32% net margin.

Charts

Financials

Income statement for HLNE, by quarter
Income statement	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
	$126.9M−17%	$125.3M−1%	$176.7M+57%	$196.7M+57%	$150M+18%	$168.3M+34%	$198M+12%	$176M−11%	$190.9M+27%	$198.6M+18%	$193.6M−2%	$275.3M+57%
	$55.6M−20%	$51.4M−12%	$83.9M+70%	$89.6M+63%	$67.2M+21%	$75.7M+47%	$84M+0%	$77M−14%	$79.7M+19%	$86M+14%	$82.2M−2%	$126.5M+64%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	$66.4M−9%	$50.3M+50%	$97.2M+43%	$106.8M+58%	$77.1M+16%	$90.2M+79%	$88.3M−9%	$95.4M−11%	$117.6M+53%	$120M+33%	$129.8M+47%	$150M+57%
	$1.9M−88%	$15.8M+34%	$20.4M+23%	$19.7M+20%	$1.2M−37%	$12.7M−20%	$15M−27%	$18.4M−7%	$14M+1093%	$27.3M+115%	$15.6M+4%	$25.1M+37%
Net income	$42M+20%	$19.5M+102%	$48.4M+56%	$59M+90%	$55M+31%	$53M+172%	$50.5M+4%	$53.7M−9%	$70.9M+29%	$58.4M+10%	$66.2M+31%	$80.5M+50%
	$1.11+14%	$0.51+65%	$1.26+56%	$1.47+82%	$1.37+23%	$1.32+159%	$1.26+0%	$1.28−13%	$1.69+23%	$1.37+4%	$1.57+25%	$1.93+51%
	37.8M+5%	38.2M	n/a	40.1M+5%	40.1M+6%	40.1M+5%	n/a	42M+5%	41.9M+5%	42.6M+6%	n/a	41.7M−1%

Operating income: 37 periods, Q1 FY18 to Q1 FY27: not printed by the filing, worked out from its own lines.

EPS, diluted: 6 periods, Q4 FY21 to Q4 FY26: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'.

Diluted shares: 20 periods, Q4 FY18 to Q1 FY27: not printed by the filing, worked out from its own lines.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Asset Management nearest Hamilton Lane INC's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
HLNEHamilton Lane INC	$4.5B	12.5×	30.0×	5.3×	+24%	32.1%
HASIHA Sustainable Infrastructure Capital	$4.7B	67.3×	35.3×	13.1×	+27%	24.1%
MCMoelis	$4.3B	19.0×	22.1×	n/m	n/m	n/m
FHIFederated Hermes	$4.2B	10.6×	11.7×	2.2×	+15%	21.3%
LAZLazard	$4.1B	18.2×	14.3×	1.2×	+6%	6.9%
CNSCohen & Steers	$3.7B	21.8×	21.9×	6.3×	+7%	28.8%
DLBDolby Laboratories	$5.9B	26.7×	31.2×	4.3×	+1%	16.7%
AAMIAcadian Asset Management	$3.3B	32.6×	11.8×	4.9×	+24%	15.2%
ABAlliancebernstein	$3.3B	10.3×	12.0×	n/m	n/m	n/m
VCTRVictory Capital	$6.6B	19.7×	12.0×	4.2×	+52%	29.6%
APAMArtisan Partners Asset Management	$2.7B	8.1×	12.3×	2.2×	+10%	24.1%
Peer median	$4.2B	19.4×	13.3×	4.3×	+12%	22.7%