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Lazard LAZ Net debt / EBITDA

Net debt / EBITDA at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
-1.9×-3.7×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Houlihan Lokey logo
Houlihan LokeyHLI
-1.2×+0.4×
Evercore logo
EvercoreEVR
-0.2×-0.5×
Moelis & Company logo
Moelis & CompanyMC
0.7×-0.1×
PJT Partners logo
PJT PartnersPJT
0.3×-0.5×

Other financials

Income statement

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Revenue$807.7M+1.5%
Operating income$37.6M-59.6%
Net income$4.8M-91.3%
EPS (diluted)$0.03-94.2%

Balance sheet

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Cash & equivalents$1.1B+12.4%
Total debt$2.2B-2.4%
Total equity$914.3M+23.3%
Total assets$4.4B-2.9%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$3.9M-66.4%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.22B-13.4%
Enterprise value$5.27B-13.6%
P/E18.6×+2.9×
P/S1.3×-0.3×

Profitability

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Operating margin9.5%-4.1pp
Net margin7%-3.1pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity27.4%-24.3pp
Debt / equity2.4×-0.6×

Where this comes from

Calculated from Lazard’s reported figures.

Based on the most recent quarter.

The source filing: Lazard’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001311370-26-000022

FAQ

What is Lazard's net debt / EBITDA?
Lazard (LAZ) reported net debt / EBITDA of 3.1× in Q2 2026.
How has Lazard's net debt / EBITDA changed year-over-year?
Lazard's net debt / EBITDA increased by 13.9% year-over-year, from 2.7× to 3.1×.
What is the long-term trend for Lazard's net debt / EBITDA?
Over 4 years (2020 to 2025), Lazard's net debt / EBITDA has grown at a 3.8% compound annual growth rate (CAGR), from 1.7× to 1.9×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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