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Lazard LAZ Debt-to-equity

Debt-to-equity at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
1.8×+0.2×
Goldman Sachs Group logo
Goldman Sachs GroupGS
-2.7×
Morgan Stanley logo
Morgan StanleyMS
3.3×+0.3×
Evercore logo
EvercoreEVR
0.6×+0.1×
Moelis & Company logo
Moelis & CompanyMC
0.5×+0.1×
PJT Partners logo
PJT PartnersPJT
1.5×-1.2×

Other financials

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%
Enterprise value$5.5B-0.9%
P/E15.7×+1.7×
P/S1.4×-0.1×

Profitability

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Operating margin11.3%-1.9pp
Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp

Where this comes from

Calculated from Lazard’s reported figures.

Based on the most recent quarter.

The official record: Lazard’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's debt-to-equity?
Lazard (LAZ) reported debt-to-equity of 2.5× in Q1 2026.
How has Lazard's debt-to-equity changed year-over-year?
Lazard's debt-to-equity decreased by 32.5% year-over-year, from 3.6× to 2.5×.
What is the long-term trend for Lazard's debt-to-equity?
Over 5 years (2020 to 2025), Lazard's debt-to-equity has grown at a -0.1% compound annual growth rate (CAGR), from 2.5× to 2.5×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.