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Lazard, Inc.

LAZ

$44.20 ▲ +0.92 (+2.13%) at close

19 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Moderately Bullish

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Analytical Summary

Lazard, Inc. demonstrates solid fundamentals with strength in Return on Common Equity (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $4.3B

Dividend Yield 4.52%

Revenue Growth 1.5% ↘

Op. Margin 10.3% ↘

ROIC 9.8% ↘

FCF / Share $5.00 ↘

Trailing P/E 18.7x

Price / Book 4.9x

FCF Yield 11.3%

Debt / Equity 1.93

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$3.19B

↑ +1.5% —

Net Income Profit after all expenses

$236.83M

↓ -15.4% —

Operating Margin Operating profit as % of sales

10.3%

↓ -16.5% 57th

FCF / Share Free cash flow per share

$5.00

↓ -33.2% —

Long-Term Debt Long-term obligations

$1.69B

— +0.1% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$2.00 Latest / share

+0.0% YoY

+4.8% 12-yr CAGR

$1.20

FY 2014

$2.35

FY 2015

$2.69

FY 2016

$2.81

FY 2017

$3.03

FY 2018

$2.35

FY 2019

$1.88

FY 2020

$1.88

FY 2021

$1.94

FY 2022

$2.00

FY 2023

$2.00

FY 2024

$2.00

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	1.5% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-75%)	21.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+251%)	-9.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-253%)	-12.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-313%)	23.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+295%)	-0.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-113%)	-7.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-226%)	6.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	13.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+120%)	-0.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-115%)	1.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-71%)	14.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+141%)	3.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-41%)	3.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-35%)	-4.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-169%)	22.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+271%)	-3.5% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-158%)	—	—
EPS Growth YoY (%)	-19.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-24.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	32.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	43.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-42.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	112.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-32.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-60.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	125.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	162.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	84.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-51.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-11.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—
Net Income Growth YoY (%)	-15.4% Weak Weak Year-over-year change in net income	N/M	N/M	-32.3% Weak ↓ Weak Declining Year-over-year change in net income	31.2% Excellent ↓ Excellent Declining Year-over-year change in net income	40.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-45.6% Weak ↓ Weak Declining Year-over-year change in net income	107.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-34.6% Weak ↓ Weak Declining Year-over-year change in net income	-60.7% Weak ↓ Weak Declining Year-over-year change in net income	130.9% Excellent ↑ Excellent Improving Year-over-year change in net income	166.7% Excellent ↑ Excellent Improving Year-over-year change in net income	90.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-51.8% Weak Weak Year-over-year change in net income	-0.0% Weak Weak Year-over-year change in net income	N/M	N/M	—	—
FCF Growth YoY (%)	-33.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	388.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-81.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	5.2% Fair ↓ Fair Declining Year-over-year change in free cash flow	62.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-16.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	5.6% Fair ↓ Fair Declining Year-over-year change in free cash flow	-33.8% Weak Weak Year-over-year change in free cash flow	73.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	14.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	12.8% Fair ↑ Fair Improving Year-over-year change in free cash flow	100.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-49.9% Weak Weak Year-over-year change in free cash flow	-62.9% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	3.7% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.3% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	6.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.9% Caution → Caution Stable Compound annual revenue growth over 3 years	6.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.8% Fair Fair Compound annual revenue growth over 3 years	4.2% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	3.8% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	3.3% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-2.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.1% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	6.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	6.9% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	6.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	3.7% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.6% Fair Fair Compound annual revenue growth over 5 years	4.0% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-13.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-15.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	12.7% Good ↑ Good Improving Compound annual EPS growth over 3 years	3.4% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	20.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-6.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-17.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-15.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	32.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	121.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	-7.5% Weak Weak Compound annual EPS growth over 3 years	—	191.1% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	10.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	12.3% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	-3.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-112%)	18.1% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	22.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	19.0% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	14.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	23.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	30.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+22%)	21.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	-0.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	22.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	10.5% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	6.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	12.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	-11.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	1.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	—
Effective Tax Rate (%) (%)	23.4% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.8% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	7.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	8.9% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	-2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	12.5% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	16.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	15.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	10.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	18.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	9.4% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	16.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	41.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+86%)	18.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	7.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	4.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	9.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	8.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	-7.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	0.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	—
FCF Margin (%) (%)	15.3% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.3% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	23.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	37.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	24.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	22.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.2% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	28.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	2.06x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.49x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.81x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.19x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.56x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.27x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.22x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	3.95x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.53x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	2.91x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.66x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.01x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	-1.79x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	155.32x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	12.3% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	-3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	18.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	13.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	22.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	27.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	—	-0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	58.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	30.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	17.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—
Return on Capital (%) (%)	6.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	8.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-1.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.8% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	10.1% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	8.4% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	13.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	16.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	11.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	15.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	-5.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	27.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+126%)	44.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+267%)	-17.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-248%)	64.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+435%)	54.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+351%)	44.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+268%)	47.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+291%)	57.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+379%)	21.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+76%)	—	75.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+526%)	60.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+404%)	28.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+138%)	14.8% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+23%)	—	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	1.93x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+61%)	2.65x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+121%)	3.99x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+232%)	3.03x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+153%)	1.73x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+44%)	1.85x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	2.75x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+129%)	1.56x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+30%)	0.99x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-17%)	—	0.75x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-37%)	—	—	—	—	—	—	—	—
Interest Coverage (x)	4.08x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.58x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	-1.03x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	6.34x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.96x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.23x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	4.90x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	11.64x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.42x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	10.29x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-0.32x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	8.30x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.73x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.52x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.61x Caution Caution Operating income divided by interest expense Optimal: > 5x	2.49x Caution Caution Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$218.67M	$378.83M	$718.88M	$452.94M	$220.21M	$292.87M	$447.97M	$187.72M	$-293.45M	$-1.16B	$-142.72M	$-1.07B	$-841.48M	$-850.19M	$-1.00B	$-1.21B	$-917.33M	$-909.71M	$-1.06B
Debt / EBITDA (x)	4.67x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.99x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-45.55x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.02x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.21x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.13x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.92x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.01x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.39x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	61.20x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$32.69	$33.71	$29.14	$29.84	$30.87	$24.77	$24.20	$24.24	$22.19	$19.10	$19.18	$19.31	$17.08	$17.05	$16.26	$19.18	$20.92	$27.88	—
Basic EPS, GAAP (USD)	$2.37	$2.93	$-0.90	$3.68	$4.90	$3.69	$2.57	$4.43	$2.09	$3.11	$7.87	$3.49	$1.33	$0.72	$1.48	$1.68	$-1.68	$0.06	—
Free Cash Flow per Share (USD)	$5.00	$7.49	$1.53	$8.20	$7.79	$4.79	$5.76	$5.46	$8.24	$4.76	—	—	$3.85	$3.36	$2.98	$1.49	$2.97	$8.01	—
Dividend per Share (USD)	$2.00	$2.00	$2.00	$1.94	$1.88	$1.88	$2.35	$3.03	$2.81	$2.69	$2.35	$1.20	$1.00	$1.16	$0.60	$0.50	$0.45	$0.40	—
Book Value per Share (USD)	$8.96	$6.83	$4.76	$5.82	$9.20	$8.53	$5.54	$7.70	$9.87	—	$10.48	$5.78	$4.64	$4.87	—	—	—	—	—
Tangible Book Value per Share (USD)	$4.91	$2.61	$0.32	$1.87	$5.62	$4.94	$2.16	$4.58	$6.70	—	$7.92	$3.04	$1.78	$1.76	—	—	—	—	—
Basic Weighted Avg Shares (shares)	97.48M	93.14M	88.99M	95.66M	106.04M	106.86M	110.19M	119.01M	121.57M	124.77M	125.37M	122.35M	120.85M	116.95M	118.03M	104.41M	78.31M	60.87M	—
Dividend Payout Ratio (%)	84.4% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	68.3% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-222.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	52.7% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	38.4% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	50.9% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	91.4% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	68.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	134.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	86.5% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	29.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	34.4% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	75.2% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	161.1% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	40.9% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	29.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-26.8% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	666.7% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
LT Debt (USD)	$1.69B	$1.69B	$1.69B	$1.69B	$1.69B	$1.68B	$1.68B	$1.43B	$1.19B	—	$989.36M	—	—	—	—	—	—	—	—
Total Equity (USD)	$873.65M	$636.24M	$423.76M	$556.46M	$975.22M	$911.77M	$609.99M	$916.85M	$1.20B	—	$1.31B	$706.74M	$560.21M	$569.66M	—	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$3.19B	$3.14B	$2.59B	$2.86B	$3.27B	$2.65B	$2.67B	$2.88B	$2.70B	$2.38B	$2.40B	$2.36B	$2.06B	$1.99B	$1.92B	$2.00B	$1.64B	$1.70B	—
Depreciation Expense (USD)	$34.19M	$36.28M	$42.85M	$42.34M	$38.31M	$35.09M	$35.57M	$34.10M	$31.50M	$33.26M	$32.78M	$34.46M	$34.75M	$30.86M	$24.58M	—	—	—	—
Net Income, GAAP (USD)	$236.83M	$279.91M	$-75.48M	$357.52M	$528.06M	$402.46M	$286.50M	$527.12M	$253.58M	$387.70M	$986.37M	$427.28M	$160.21M	$84.31M	$174.92M	$174.98M	$-130.24M	$3.14M	—
Operating Cash Flow (USD)	$519.33M	$742.83M	$164.66M	$833.98M	$866.08M	$575.93M	$677.95M	$699.04M	$1.03B	$632.60M	—	—	$526.70M	$481.91M	$397.80M	$168.80M	$244.78M	$505.89M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 71 quarters

Lazard, Inc.

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