HLNE Hamilton Lane Incorporated - Class A Common Stock
$91.14
Price · May 22, 2026
Fundamentals as of Feb 3, 2026
52W Range
$83–$179
9% of range
Analyst Rating
BUY
13 analysts
Price Target
$136
+49% upside
P/E (TTM)
—
ROE
35.0%
Net Profit Margin
30.5%
HLNE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$91.14
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
$713M
Div Yield
—
ROE
35.0%
Debt/Equity
—
52W Range
$83 – $179
HLNE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$713M
2017-03-31
→
2025-03-31
EPS
—
2019-03-31
→
2022-03-31
Free Cash Flow
$289M
2018-03-31
→
2025-03-31
Margins
30.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
HLNE
Peer Median
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
HLNE
Peer Median
Net Profit Margin
30.5%
31.6%
ROA
14.7%
7.0%
ROE
35.0%
13.6%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
HLNE
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
HLNE
Peer Median
Revenue YoY
28.7%
—
Revenue CAGR 3Y
24.7%
—
Net Income YoY
54.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
HLNE
Peer Median
Payout Ratio
34.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
34.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| March 20, 2026 | $0.5400 |
| Dec. 19, 2025 | $0.5400 |
| Sept. 19, 2025 | $0.5400 |
| June 20, 2025 | $0.5400 |
| March 14, 2025 | $0.4900 |
| Dec. 16, 2024 | $0.4900 |
| Sept. 16, 2024 | $0.4900 |
| June 14, 2024 | $0.4900 |
| March 14, 2024 | $0.4450 |
| Dec. 14, 2023 | $0.4450 |
| Sept. 14, 2023 | $0.4450 |
| June 14, 2023 | $0.4450 |
| March 14, 2023 | $0.4000 |
| Dec. 14, 2022 | $0.4000 |
| Sept. 14, 2022 | $0.4000 |
| June 14, 2022 | $0.4000 |
| March 14, 2022 | $0.3500 |
| Dec. 14, 2021 | $0.3500 |
| Sept. 14, 2021 | $0.3500 |
| June 14, 2021 | $0.3500 |
HLNE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 3 23.1%
- Buy 8 61.5%
- Hold 2 15.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-05-20
Median
$141.00
Mean
$135.57
← Below all targets
$91.14
Low
$108.00
High
$171.00
Median target
$141.00
+54.7%
Mean target
$135.57
+48.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.19%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $1.49 | $1.46 | — |
| March 31, 2026 | $1.49 | $1.46 | 0.03% |
| Dec. 31, 2025 | $1.55 | $1.35 | 0.20% |
| Sept. 30, 2025 | $1.54 | $1.12 | 0.42% |
| June 30, 2025 | $1.31 | $1.03 | 0.28% |
| March 31, 2025 | $1.21 | $1.20 | 0.01% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HLNE | — | — | 28.7% | 30.5% | 35.0% | — |
| AMG | — | 12.7 | 1.6% | 34.5% | 21.8% | — |
| STEP | — | -20.7 | 65.1% | -15.3% | -71.3% | — |
| OBDC | $6.21B | 10.0 | — | — | 8.3% | — |
| BXSL | $6.11B | 10.7 | — | — | 9.0% | — |
| VCTR | $4.05B | 15.5 | 46.2% | 25.3% | 13.5% | — |
| OTF | $6.75B | 7.9 | — | — | 9.0% | — |
| XXI | — | — | — | — | — | — |
| MAIN | $5.43B | 15.3 | — | — | 16.8% | — |
| FHI | — | 10.2 | 10.3% | 22.4% | 34.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $713M | $554M | $529M | $368M | $342M | $274M | $252M | $244M | $180M | |
| SG&A Expense | · | · | · | · | $49M | $57M | $49M | · | · | |
| Operating Expenses | $396M | $308M | $289M | $198M | $186M | $158M | $148M | $121M | $104M | |
| Interest Expense | · | · | · | · | $2M | $3M | $3M | $6M | $15M | |
| Other Non-op | $8M | $-3M | $-5M | $64M | $6M | $6M | $21M | $5M | $83.0K | |
| Pretax Income | $362M | $282M | $243M | $314M | $193M | $141M | $130M | $140M | $75M | |
| Income Tax | $49M | $54M | $55M | $66M | $24M | $14M | $31M | $33M | $316.0K | |
| Net Income | $217M | $141M | $109M | $146M | $98M | $61M | $34M | $17M | $612.0K | |
| EPS (Diluted) | · | · | · | $3.98 | $2.81 | $2.15 | $1.40 | · | · | |
| EBITDA | $9M | $8M | $7M | $5M | · | $3M | $3M | $2M | · |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $87M | $50M | $49M | $48M | $32M | |
| PP&E (Net) | $38M | $33M | $28M | $29M | $23M | $7M | $8M | $5M | $4M | |
| PP&E (Gross) | $63M | $51M | $41M | $36M | $33M | $18M | $18M | $14M | $15M | |
| Accum. Depreciation | $25M | $18M | $12M | $7M | $10M | $10M | $10M | $10M | $11M | |
| Goodwill | $10M | $10M | $10M | $10M | $4M | $4M | $4M | $4M | $1M | |
| Intangibles | $3M | $5M | $6M | $13M | $8M | $8M | $3M | $3M | $400.0K | |
| Total Assets | $1.69B | $1.27B | $1.14B | $1.29B | $1.14B | $474M | $361M | $294M | $241M | |
| Total Liabilities | $766M | $595M | $566M | $557M | $546M | $236M | $191M | $158M | $154M | |
| Long-term Debt | $290M | $196M | $214M | $214M | $163M | $75M | $71M | $84M | $84M | |
| Paid-in Capital | $262M | $208M | $172M | $162M | $151M | $108M | $92M | $74M | $62M | |
| Retained Earnings | · | · | · | · | · | · | $18M | $5M | $612.0K | |
| Treasury Stock | · | · | · | · | · | · | · | $0 | $2M | |
| AOCI | $-141.0K | $0 | · | · | · | $-78.0K | $7.0K | $0 | $-311.0K | |
| Stockholders' Equity | $717M | $525M | $415M | $347M | $238M | $155M | $110M | $78M | $60M | |
| Liabilities + Equity | $1.69B | $1.27B | $1.14B | $1.29B | $1.14B | $474M | $361M | $294M | $241M |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $8M | $7M | $5M | $4M | $3M | $3M | $2M | $2M | |
| Stock-based Comp | $31M | $12M | $10M | $7M | $7M | $7M | $6M | $6M | $5M | |
| Deferred Tax | $12M | $17M | $20M | $24M | $7M | $8M | $22M | $23M | $26.0K | |
| Amort. of Intangibles | $2M | $2M | $2M | $3M | $1M | $607.0K | $459.0K | $326.0K | $91.0K | |
| Other Non-cash | $31M | $-57M | $80M | $-13M | · | $37M | $47M | $49M | · | |
| Operating Cash Flow | $301M | $121M | $227M | $170M | $188M | $116M | $112M | $97M | $82M | |
| CapEx | $12M | $11M | $5M | $9M | $19M | $2M | $5M | $2M | $1M | |
| Investing Cash Flow | $-118M | $-122M | $178M | $-70M | $-422M | $-50M | $-19M | $-22M | $-17M | |
| Debt Issued | · | $0 | $32M | $25M | $75M | $75M | $0 | $75M | · | |
| Net Debt Issued | · | $0 | $32M | $25M | · | $75M | · | · | · | |
| Stock Issued | $248M | $202M | $44M | $74M | $473M | $147M | $194M | $125M | $0 | |
| Stock Repurchased | $2.0K | $2.0K | $0 | $1.0K | $5.0K | $2.0K | $2.0K | $2.0K | · | |
| Net Stock Activity | $248M | $202M | $44M | $74M | · | $147M | $194M | · | · | |
| Dividends Paid | $76M | $65M | $72M | $50M | $40M | $29M | $19M | $10M | $0 | |
| Financing Cash Flow | $-19M | $4M | $-364M | $-113M | $271M | $-65M | $-90M | $-60M | $-101M | |
| Net Change in Cash | $164M | $3M | $40M | $-14M | $37M | $2M | $2M | $15M | $-36M | |
| Free Cash Flow | $289M | $110M | $222M | $161M | · | $114M | $106M | $94M | · | |
| Levered FCF | · | · | · | · | · | $112M | $104M | $90M | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 30.5% | 25.4% | 20.6% | 39.7% | · | 22.2% | 13.3% | · | · | |
| Pretax Margin | 50.8% | 50.9% | 45.9% | 85.3% | · | 51.4% | 51.4% | · | · | |
| EBITDA Margin | 1.3% | 1.5% | 1.4% | 1.5% | · | 1.2% | 1.2% | · | · | |
| ROA | 14.7% | 11.7% | 9.0% | 12.0% | · | 14.6% | 10.3% | 6.5% | · | |
| ROE | 35.0% | 29.9% | 28.6% | 49.9% | · | 45.9% | 35.6% | 25.1% | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.4 | 0.3 | · | 0.7 | 0.8 | · | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 28.7% | 4.7% | 43.7% | 7.7% | · | · | · | · | · | |
| Revenue CAGR 3Y | 24.7% | 17.5% | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | 41.6% | · | · | · | · | · | |
| Net Income YoY | 54.4% | 29.1% | -25.2% | 48.9% | · | · | · | · | · | |
| Net Income CAGR 3Y | 14.2% | 12.8% | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $713M | $554M | $529M | $368M | $342M | $274M | $252M | $244M | $180M | |
| Net Income TTM | $217M | $141M | $109M | $146M | $98M | $61M | $34M | $17M | $612.0K | |
| P/E | · | · | · | 19.4 | 31.5 | 25.7 | 31.1 | · | · | |
| Earnings Yield | · | · | · | 5.1% | 3.2% | 3.9% | 3.2% | · | · | |
| Payout Ratio | 34.9% | 46.4% | 66.4% | 34.0% | · | 47.8% | 55.6% | 54.9% | · | |
| Annual Payout | $76M | $65M | $72M | $50M | $40M | $29M | $19M | $10M | $0 |
Income Statement 7
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199M | $191M | $176M | $198M | $168M | $150M | $197M | $177M | $125M | $127M | $125M | $127M | $153M | $136M | $92M | $96M | |
| Operating Expenses | $113M | $111M | $99M | $114M | $93M | $83M | $107M | $93M | $74M | $71M | $70M | $69M | $84M | $73M | $51M | $50M | |
| Other Non-op | $3M | $35.0K | $447.0K | $-3M | $453.0K | $1M | $10M | $-2M | $-8.0K | $-1M | $232.0K | $-28M | $12M | $4M | $37M | $25M | |
| Pretax Income | $120M | $118M | $95M | $88M | $90M | $77M | $107M | $97M | $50M | $66M | $68M | $34M | $73M | $68M | $92M | $99M | |
| Income Tax | $27M | $14M | $18M | $15M | $13M | $1M | $20M | $20M | $16M | $2M | $16M | $12M | $15M | $11M | $12M | $14M | |
| Net Income | $58M | $71M | $54M | $50M | $53M | $55M | $59M | $48M | $20M | $42M | $31M | $10M | $35M | $33M | $52M | $52M | |
| EBITDA | · | · | $3M | · | · | · | $2M | · | · | · | $2M | · | · | $2M | · | · |
Balance Sheet 12
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $35M | $36M | $37M | $38M | $36M | $32M | $33M | $33M | $33M | $32M | $30M | $28M | $29M | $29M | $29M | $29M | |
| PP&E (Gross) | · | · | · | $63M | · | · | · | $51M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | · | $25M | · | · | · | $18M | · | · | · | · | · | · | · | · | |
| Goodwill | · | · | · | $10M | · | · | · | $10M | · | · | · | · | · | · | · | · | |
| Intangibles | · | · | · | $3M | · | · | · | $5M | · | · | · | · | · | · | · | · | |
| Total Assets | $2.17B | $1.98B | $1.80B | $1.69B | $1.59B | $1.42B | $1.37B | $1.27B | $1.21B | $1.36B | $1.20B | $1.12B | $1.39B | $1.35B | $1.28B | $1.23B | |
| Total Liabilities | $845M | $822M | $807M | $766M | $729M | $622M | $635M | $595M | $585M | $577M | $558M | $594M | $587M | $585M | $541M | $554M | |
| Long-term Debt | $280M | $286M | $289M | $290M | $292M | $195M | $196M | $196M | $197M | $197M | $198M | $199M | $194M | $221M | $147M | $147M | |
| Paid-in Capital | $305M | $289M | $272M | $262M | $224M | $215M | $210M | $208M | $182M | $179M | $177M | $167M | $165M | $163M | $162M | $161M | |
| AOCI | $1M | $1M | $140.0K | $-141.0K | · | · | · | $0 | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $877M | $826M | $759M | $717M | $649M | $607M | $566M | $525M | $468M | $463M | $435M | $395M | $391M | $369M | $344M | $302M | |
| Liabilities + Equity | $2.17B | $1.98B | $1.80B | $1.69B | $1.59B | $1.42B | $1.37B | $1.27B | $1.21B | $1.36B | $1.20B | $1.12B | $1.39B | $1.35B | $1.28B | $1.23B |
Cash Flow 14
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | |
| Stock-based Comp | $13M | $12M | $13M | $12M | $12M | $5M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | |
| Other Non-cash | · | · | $60M | · | · | · | $15M | · | · | · | $22M | · | · | $24M | · | · | |
| Operating Cash Flow | $74M | $119M | $129M | $39M | $64M | $117M | $80M | $22M | $-36M | $78M | $58M | $58M | $95M | $61M | $69M | $52M | |
| CapEx | $2M | $1M | $1M | $3M | $6M | $2M | $2M | $2M | $3M | $3M | $3M | $771.0K | $783.0K | $2M | $1M | $2M | |
| Investing Cash Flow | $-117M | $-134M | $-94M | $-50M | $-43M | $-27M | $2M | $-28M | $-9M | $-45M | $-40M | $262M | $-4M | $-56M | $-36M | $-15M | |
| Debt Issued | · | · | · | · | · | $0 | $0 | · | $10M | $10M | $10M | $0 | $0 | $25M | · | · | |
| Net Debt Issued | · | · | · | · | · | · | $0 | · | · | · | $0 | · | · | · | · | · | |
| Stock Issued | $0 | · | · | $248M | $0 | · | · | · | · | · | · | $0 | · | · | $0 | $74M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $1.0K | |
| Dividends Paid | $23M | $22M | $20M | $19M | $19M | $19M | $18M | $17M | $17M | $17M | $15M | $15M | $15M | $13M | $13M | $13M | |
| Financing Cash Flow | $57M | $26M | $3M | $-33M | $73M | $-28M | $-30M | $-43M | $-20M | $72M | $-5M | $-292M | $-53M | $6M | $-40M | $-23M | |
| Net Change in Cash | $14M | $12M | $39M | $-44M | $94M | $62M | $51M | $-50M | $-65M | $105M | $13M | $28M | $38M | $11M | $-7M | $13M | |
| Free Cash Flow | · | · | $128M | · | · | · | $78M | · | · | · | $55M | · | · | $59M | · | · |
Profitability 5
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 29.4% | 37.1% | 30.5% | · | 31.5% | 36.6% | 30.0% | · | 15.6% | 33.1% | 24.8% | 7.6% | 22.7% | 24.7% | 56.5% | 54.1% | |
| Pretax Margin | 60.5% | 61.6% | 54.2% | · | 53.6% | 51.4% | 54.3% | · | 40.2% | 52.3% | 54.2% | 26.5% | 47.7% | 49.9% | 100.0% | 102.6% | |
| EBITDA Margin | · | · | 1.4% | · | · | · | 1.2% | · | · | · | 1.5% | · | · | 1.3% | · | · | |
| ROA | 3.1% | 4.2% | 3.4% | · | 3.8% | 4.0% | 4.6% | · | 1.7% | 3.1% | 2.4% | 0.80% | 2.7% | 2.7% | 5.2% | 5.7% | |
| ROE | 7.6% | 9.9% | 8.1% | · | 9.5% | 10.3% | 11.8% | · | 4.5% | 9.8% | 7.7% | 2.6% | 10.1% | 10.8% | 18.5% | 21.1% |
Efficiency 1
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Valuation (TTM) 3
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $734M | $685M | $691M | · | $640M | $599M | $574M | · | $504M | $532M | $541M | $508M | $477M | $403M | $370M | $363M | |
| Net Income TTM | $236M | $233M | $221M | · | $186M | $175M | $151M | · | $102M | $118M | $109M | $130M | $172M | $166M | $172M | $153M | |
| Payout Ratio | · | · | 37.6% | · | · | · | 29.9% | · | · | · | 48.5% | · | · | 38.7% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | |
|---|---|---|---|---|---|
| Revenue | $713M | $554M | $529M | $368M | $342M |
| Net Income | $217M | $141M | $109M | $146M | $98M |
| Diluted EPS | — | — | — | $3.98 | $2.81 |
Cash Flow
| 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $289M | $110M | $222M | $161M | — |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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