OPY vs LAZ

For growth investors, Oppenheimer Holdings Inc.

(OPY) is the stronger pick with 14. 4% revenue growth year-over-year, versus 3. 2% for Lazard Ltd (LAZ). Oppenheimer Holdings Inc. (OPY) offers the better valuation at 7. 3x trailing P/E (114. 3x forward), making it the more compelling value choice. Analysts rate Oppenheimer Holdings Inc. (OPY) a "Buy" — based on 2 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.

On trailing P/E, Oppenheimer Holdings Inc.

(OPY) is the cheapest at 7. 3x versus Lazard Ltd at 21. 4x. On forward P/E, Lazard Ltd is actually cheaper at 14. 5x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Oppenheimer Holdings Inc.

(OPY) delivered a total return of +96. 3%, compared to +20. 6% for Lazard Ltd (LAZ). Over 10 years, the gap is even starker: OPY returned +647. 3% versus LAZ's +100. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Oppenheimer Holdings Inc.

(OPY) is the lower-risk stock at 1. 01β versus Lazard Ltd's 1. 79β — meaning LAZ is approximately 77% more volatile than OPY relative to the S&P 500. On balance sheet safety, Oppenheimer Holdings Inc. (OPY) carries a lower debt/equity ratio of 63% versus 3% for Lazard Ltd — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Oppenheimer Holdings Inc.

(OPY) is pulling ahead at 14. 4% versus 3. 2% for Lazard Ltd (LAZ). On earnings-per-share growth, the picture is similar: Oppenheimer Holdings Inc. grew EPS 104. 7% year-over-year, compared to -19. 0% for Lazard Ltd. 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.

Oppenheimer Holdings Inc.

(OPY) is the more profitable company, earning 9. 1% net margin versus 7. 4% for Lazard Ltd — meaning it keeps 9. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OPY leads at 22. 4% versus 13. 0% for LAZ. At the gross margin level — before operating expenses — OPY leads at 51. 1%, 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.

On forward earnings alone, Lazard Ltd (LAZ) trades at 14.

5x forward P/E versus 114. 3x for Oppenheimer Holdings Inc. — 99. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OPY: 110. 9% to $200. 00.

All stocks in this comparison pay dividends.

Lazard Ltd (LAZ) offers the highest yield at 3. 8%, versus 0. 7% for Oppenheimer Holdings Inc. (OPY).

For long-horizon retirement investors, Oppenheimer Holdings Inc.

(OPY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 01), 0. 7% yield, +647. 3% 10Y return). Lazard Ltd (LAZ) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (OPY: +647. 3%, LAZ: +100. 4%), 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.

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.

In terms of investment character: OPY is a small-cap deep-value stock; LAZ is a small-cap income-oriented stock. 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.