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

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Net margin	32.8%+2.3pp	30.5%+5.1pp	25.4%+4.8pp	20.6%-19.0pp
EBITDA margin	62.3%+10.2pp	52.1%-0.2pp	52.3%+5.0pp	47.3%-39.5pp
Free cash flow margin	55.2%+14.7pp	40.5%—	——	42%-1.8pp
Returns
Return on equity	30.5%-4.5pp	35%+5.0pp	30%+1.3pp	28.6%-21.3pp
Return on assets	12.5%-2.2pp	14.7%+3.0pp	11.7%+2.7pp	9%-3.0pp
Return on invested capital	37.4%-4.9pp	42.3%+6.6pp	35.7%+3.4pp	32.3%-19.6pp
Efficiency
Asset turnover	0.4×-0.1×	0.5×0.0×	0.5×0.0×	0.4×+0.1×
Leverage
Debt-to-equity	0.4×-0.1×	0.5×0.0×	0.5×-0.2×	0.7×-0.1×
Debt-to-assets	0.2×-0.1×	0.2×0.0×	0.2×0.0×	0.3×0.0×
Net debt / EBITDA	0.8×+0.5×	0.2×-0.3×	0.5×-0.2×	0.7×0.0×
Valuation
Market capitalization	$4.37B-32.2%	$6.44B+51.4%	$4.26B+52.5%	$2.79B-3.0%
Enterprise value	$4.72B-27.6%	$6.53B+48.0%	$4.41B+48.7%	$2.97B-4.2%
Price / earnings	17.5×-12.1×	29.6×-0.6×	30.2×+4.6×	25.6×+5.9×
Price / sales	5.8×-3.3×	9×+1.4×	7.7×+2.4×	5.3×-2.5×
Price / book	4.8×-4.2×	9×+0.9×	8.1×+1.4×	6.7×-1.6×
EV / EBITDA	10×-7.6×	17.6×+2.4×	15.2×+3.4×	11.9×+2.2×
EV / sales	6.2×-2.9×	9.2×+1.2×	8×+2.4×	5.6×-2.8×
Free cash flow yield	9.6%+5.1pp	4.5%—	——	8%+2.4pp
Earnings yield	5.7%+2.3pp	3.4%+0.1pp	3.3%-0.6pp	3.9%-1.2pp
Dividend yield	2%+0.8pp	1.2%-0.4pp	1.5%-1.1pp	2.6%+0.9pp
PEG ratio	1.2×+0.7×	0.5×-0.5×	1×—	——

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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.