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Stock Comparison

HLNE vs ARES

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
HLNE
Hamilton Lane Incorporated

Asset Management

Financial ServicesNASDAQ • US
Market Cap$4.41B
5Y Perf.+26.3%
ARES
Ares Management Corporation

Asset Management

Financial ServicesNYSE • US
Market Cap$40.38B
5Y Perf.+225.6%

HLNE vs ARES — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
HLNE logoHLNE
ARES logoARES
IndustryAsset ManagementAsset Management
Market Cap$4.41B$40.38B
Revenue (TTM)$713M$6.47B
Net Income (TTM)$206M$527M
Gross Margin70.8%74.8%
Operating Margin44.4%27.2%
Forward P/E15.3x20.2x
Total Debt$368M$14.91B
Cash & Equiv.$277M$1.50B

HLNE vs ARESLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

HLNE
ARES
StockMay 20May 26Return
Hamilton Lane Incor… (HLNE)100126.3+26.3%
Ares Management Cor… (ARES)100325.6+225.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: HLNE vs ARES

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: HLNE leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Ares Management Corporation is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
HLNE
Hamilton Lane Incorporated
The Banking Pick

HLNE carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and valuation efficiency.

  • Lower volatility, beta 1.25, Low D/E 39.9%, current ratio 1.68x
  • PEG 0.75 vs ARES's 1.15
  • Lower P/E (15.3x vs 20.2x), PEG 0.75 vs 1.15
Best for: sleep-well-at-night and valuation efficiency
ARES
Ares Management Corporation
The Banking Pick

ARES is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 7 yrs, beta 1.62, yield 6.6%
  • Rev growth 66.6%, EPS growth -5.3%
  • 9.3% 10Y total return vs HLNE's 483.9%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthARES logoARES66.6% NII/revenue growth vs HLNE's 28.7%
ValueHLNE logoHLNELower P/E (15.3x vs 20.2x), PEG 0.75 vs 1.15
Quality / MarginsHLNE logoHLNEEfficiency ratio 0.3% vs ARES's 0.5% (lower = leaner)
Stability / SafetyHLNE logoHLNEBeta 1.25 vs ARES's 1.62, lower leverage
DividendsARES logoARES6.6% yield, 7-year raise streak, vs HLNE's 2.7%
Momentum (1Y)ARES logoARES-20.6% vs HLNE's -41.0%
Efficiency (ROA)HLNE logoHLNEEfficiency ratio 0.3% vs ARES's 0.5%

HLNE vs ARES — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

HLNEHamilton Lane Incorporated
FY 2025
Management And Advisory Fee Revenue, Specialized Funds
44.3%$315M
Incentive Fee Revenue, Specialized Funds
25.6%$182M
Management And Advisory Fee Revenue, Customized Separate Accounts
18.9%$134M
Management And Advisory Fee Revenue, Reporting And Other
4.1%$29M
Management And Advisory Fee Revenue, Advisory
3.2%$23M
Incentive Fee Revenue, Customized Separate Accounts
2.3%$16M
Management And Advisory Fee Revenue, Fund Reimbursement Revenue
1.3%$10M
Other (1)
0.4%$3M
ARESAres Management Corporation
FY 2025
Management Service
64.4%$3.7B
Carried Interest
20.5%$1.2B
Administrative Service
6.3%$366M
Management Service, Incentive
6.3%$365M
Principal Investment Income (Loss)
2.4%$139M

HLNE vs ARES — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLHLNELAGGINGARES

Income & Cash Flow (Last 12 Months)

HLNE leads this category, winning 4 of 5 comparable metrics.

ARES is the larger business by revenue, generating $6.5B annually — 9.1x HLNE's $713M. HLNE is the more profitable business, keeping 30.5% of every revenue dollar as net income compared to ARES's 8.2%.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
RevenueTrailing 12 months$713M$6.5B
EBITDAEarnings before interest/tax$320M$1.8B
Net IncomeAfter-tax profit$206M$527M
Free Cash FlowCash after capex$364M$1.5B
Gross MarginGross profit ÷ Revenue+70.8%+74.8%
Operating MarginEBIT ÷ Revenue+44.4%+27.2%
Net MarginNet income ÷ Revenue+30.5%+8.2%
FCF MarginFCF ÷ Revenue+43.7%+23.9%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-56.8%-80.9%
HLNE leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

HLNE leads this category, winning 6 of 7 comparable metrics.

At 17.1x trailing earnings, HLNE trades at a 73% valuation discount to ARES's 62.7x P/E. Adjusting for growth (PEG ratio), HLNE offers better value at 0.84x vs ARES's 3.56x — a lower PEG means you pay less per unit of expected earnings growth.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
Market CapShares × price$4.4B$40.4B
Enterprise ValueMkt cap + debt − cash$4.5B$53.8B
Trailing P/EPrice ÷ TTM EPS17.08x62.73x
Forward P/EPrice ÷ next-FY EPS est.15.34x20.19x
PEG RatioP/E ÷ EPS growth rate0.84x3.56x
EV / EBITDAEnterprise value multiple13.82x26.85x
Price / SalesMarket cap ÷ Revenue6.19x6.24x
Price / BookPrice ÷ Book value/share4.77x3.07x
Price / FCFMarket cap ÷ FCF14.17x26.15x
HLNE leads this category, winning 6 of 7 comparable metrics.

Profitability & Efficiency

HLNE leads this category, winning 8 of 9 comparable metrics.

HLNE delivers a 15.6% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $6 for ARES. HLNE carries lower financial leverage with a 0.40x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARES's 1.71x. On the Piotroski fundamental quality scale (0–9), ARES scores 8/9 vs HLNE's 7/9, reflecting strong financial health.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
ROE (TTM)Return on equity+15.6%+6.2%
ROA (TTM)Return on assets+9.5%+1.9%
ROICReturn on invested capital+21.2%+6.1%
ROCEReturn on capital employed+26.2%+7.3%
Piotroski ScoreFundamental quality 0–978
Debt / EquityFinancial leverage0.40x1.71x
Net DebtTotal debt minus cash$91M$13.4B
Cash & Equiv.Liquid assets$277M$1.5B
Total DebtShort + long-term debt$368M$14.9B
Interest CoverageEBIT ÷ Interest expense25.57x2.68x
HLNE leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

ARES leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in ARES five years ago would be worth $26,555 today (with dividends reinvested), compared to $11,150 for HLNE. Over the past 12 months, ARES leads with a -20.6% total return vs HLNE's -41.0%. The 3-year compound annual growth rate (CAGR) favors ARES at 18.1% vs HLNE's 13.5% — a key indicator of consistent wealth creation.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
YTD ReturnYear-to-date-32.0%-25.3%
1-Year ReturnPast 12 months-41.0%-20.6%
3-Year ReturnCumulative with dividends+46.1%+64.5%
5-Year ReturnCumulative with dividends+11.5%+165.5%
10-Year ReturnCumulative with dividends+483.9%+934.1%
CAGR (3Y)Annualised 3-year return+13.5%+18.1%
ARES leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — HLNE and ARES each lead in 1 of 2 comparable metrics.

HLNE is the less volatile stock with a 1.25 beta — it tends to amplify market swings less than ARES's 1.62 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARES currently trades 63.0% from its 52-week high vs HLNE's 51.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
Beta (5Y)Sensitivity to S&P 5001.25x1.62x
52-Week HighHighest price in past year$179.19$195.26
52-Week LowLowest price in past year$86.47$95.80
% of 52W HighCurrent price vs 52-week peak+51.6%+63.0%
RSI (14)Momentum oscillator 0–10039.158.9
Avg Volume (50D)Average daily shares traded852K3.7M
Evenly matched — HLNE and ARES each lead in 1 of 2 comparable metrics.

Analyst Outlook

ARES leads this category, winning 2 of 2 comparable metrics.

Wall Street rates HLNE as "Buy" and ARES as "Buy". Consensus price targets imply 85.6% upside for HLNE (target: $172) vs 44.3% for ARES (target: $177). For income investors, ARES offers the higher dividend yield at 6.57% vs HLNE's 2.72%.

MetricHLNE logoHLNEHamilton Lane Inc…ARES logoARESAres Management C…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$171.50$177.38
# AnalystsCovering analysts1022
Dividend YieldAnnual dividend ÷ price+2.7%+6.6%
Dividend StreakConsecutive years of raises17
Dividend / ShareAnnual DPS$2.51$8.08
Buyback YieldShare repurchases ÷ mkt cap+5.8%0.0%
ARES leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

HLNE leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). ARES leads in 2 (Total Returns, Analyst Outlook). 1 tied.

Best OverallHamilton Lane Incorporated (HLNE)Leads 3 of 6 categories
Loading custom metrics...

HLNE vs ARES: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is HLNE or ARES a better buy right now?

For growth investors, Ares Management Corporation (ARES) is the stronger pick with 66.

6% revenue growth year-over-year, versus 28. 7% for Hamilton Lane Incorporated (HLNE). Hamilton Lane Incorporated (HLNE) offers the better valuation at 17. 1x trailing P/E (15. 3x forward), making it the more compelling value choice. Analysts rate Hamilton Lane Incorporated (HLNE) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — HLNE or ARES?

On trailing P/E, Hamilton Lane Incorporated (HLNE) is the cheapest at 17.

1x versus Ares Management Corporation at 62. 7x. On forward P/E, Hamilton Lane Incorporated is actually cheaper at 15. 3x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Hamilton Lane Incorporated wins at 0. 75x versus Ares Management Corporation's 1. 15x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — HLNE or ARES?

Over the past 5 years, Ares Management Corporation (ARES) delivered a total return of +165.

5%, compared to +11. 5% for Hamilton Lane Incorporated (HLNE). Over 10 years, the gap is even starker: ARES returned +934. 1% versus HLNE's +483. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — HLNE or ARES?

By beta (market sensitivity over 5 years), Hamilton Lane Incorporated (HLNE) is the lower-risk stock at 1.

25β versus Ares Management Corporation's 1. 62β — meaning ARES is approximately 29% more volatile than HLNE relative to the S&P 500. On balance sheet safety, Hamilton Lane Incorporated (HLNE) carries a lower debt/equity ratio of 40% versus 171% for Ares Management Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — HLNE or ARES?

By revenue growth (latest reported year), Ares Management Corporation (ARES) is pulling ahead at 66.

6% versus 28. 7% for Hamilton Lane Incorporated (HLNE). On earnings-per-share growth, the picture is similar: Hamilton Lane Incorporated grew EPS 46. 6% year-over-year, compared to -5. 3% for Ares Management Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — HLNE or ARES?

Hamilton Lane Incorporated (HLNE) is the more profitable company, earning 30.

5% net margin versus 8. 2% for Ares Management Corporation — meaning it keeps 30. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HLNE leads at 44. 4% versus 27. 2% for ARES. At the gross margin level — before operating expenses — ARES leads at 74. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is HLNE or ARES more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Hamilton Lane Incorporated (HLNE) is the more undervalued stock at a PEG of 0. 75x versus Ares Management Corporation's 1. 15x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Hamilton Lane Incorporated (HLNE) trades at 15. 3x forward P/E versus 20. 2x for Ares Management Corporation — 4. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HLNE: 85. 6% to $171. 50.

08

Which pays a better dividend — HLNE or ARES?

All stocks in this comparison pay dividends.

Ares Management Corporation (ARES) offers the highest yield at 6. 6%, versus 2. 7% for Hamilton Lane Incorporated (HLNE).

09

Is HLNE or ARES better for a retirement portfolio?

For long-horizon retirement investors, Hamilton Lane Incorporated (HLNE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.

25), 2. 7% yield, +483. 9% 10Y return). Ares Management Corporation (ARES) carries a higher beta of 1. 62 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HLNE: +483. 9%, ARES: +934. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between HLNE and ARES?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

HLNE

High-Growth Quality Leader

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 14%
  • Net Margin > 18%
Run This Screen
Stocks Like

ARES

High-Growth Disruptor

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 33%
  • Net Margin > 5%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform HLNE and ARES on the metrics below

Revenue Growth>
%
(HLNE: 28.7% · ARES: 66.6%)
Net Margin>
%
(HLNE: 30.5% · ARES: 8.2%)
P/E Ratio<
x
(HLNE: 17.1x · ARES: 62.7x)

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