Where do Hamilton Lane's ratios come from?

Every ratio is computed from Hamilton Lane's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Hamilton Lane HLNE Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Profitability
Net margin	32.8%+2.3pp	30.6%-0.5pp	31.1%+3.1pp	30.7%+3.7pp	30.5%+5.1pp
EBITDA margin	62.3%+10.2pp	56.5%+1.4pp	54.7%+2.2pp	52.1%-0.6pp	52.1%-0.2pp
Free cash flow margin	55.2%+14.7pp	46.3%+6.9pp	46.4%—	48.8%—	40.5%—
Returns
Return on equity	30.5%-4.5pp	30.6%-7.9pp	31.8%-2.2pp	32%-1.7pp	35%+5.0pp
Return on assets	12.5%-2.2pp	12.4%-3.0pp	13.4%+0.3pp	13.4%+0.2pp	14.7%+3.0pp
Return on invested capital	37.4%-4.9pp	43.9%-6.2pp	44.2%-3.4pp	41.3%-0.7pp	42.3%+6.6pp
Efficiency
Asset turnover	0.4×-0.1×	0.4×-0.1×	0.4×0.0×	0.4×-0.1×	0.5×0.0×
Leverage
Debt-to-equity	0.4×-0.1×	0.4×-0.2×	0.4×0.0×	0.5×0.0×	0.5×0.0×
Debt-to-assets	0.2×-0.1×	0.2×-0.1×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	0.8×+0.5×	0×-0.1×	0.1×-0.1×	0.1×-0.2×	0.2×-0.3×
Valuation
Market capitalization	$4.37B-32.2%	$5.91B-4.5%	$5.91B-11.5%	$5.9B+17.8%	$6.44B+51.4%
Enterprise value	$4.72B-27.6%	$5.92B-5.0%	$5.94B-11.7%	$5.95B+16.3%	$6.53B+48.0%
Price / earnings	17.5×-12.1×	25.3×-3.4×	25.9×-10.8×	27.8×-1.9×	29.6×-0.6×
Price / sales	5.8×-3.3×	7.7×-1.2×	8.1×-2.2×	8.5×+0.5×	9×+1.4×
Price / book	4.8×-4.2×	6.7×-2.8×	7.2×-3.9×	7.8×-1.1×	9×+0.9×
EV / EBITDA	10×-7.6×	13.7×-2.6×	14.8×-4.9×	16.5×+1.0×	17.6×+2.4×
EV / sales	6.2×-2.9×	7.8×-1.3×	8.1×-2.3×	8.6×+0.4×	9.2×+1.2×
Free cash flow yield	9.6%+5.1pp	6%+1.6pp	5.7%—	5.7%—	4.5%—
Earnings yield	5.7%+2.3pp	4%+0.5pp	3.9%+1.1pp	3.6%+0.2pp	3.4%+0.1pp
Dividend yield	2%+0.8pp	1.4%+0.2pp	1.4%+0.3pp	1.3%0.0pp	1.2%-0.4pp
PEG ratio	1.2×+0.7×	3×+2.6×	1×+0.4×	1.1×+0.6×	0.5×-0.5×

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Questions, answered.

Where do Hamilton Lane's ratios come from?: Every ratio is computed from Hamilton Lane's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.