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HLNEHamilton Lane Incorporated
$89.46$5.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HLNE logo

Hamilton Lane Incorporated

HLNE
NASDAQ · Asset Managers & Custodians
$89.46
At close - Nov 6, 4:00 PM EST - USD
Market Cap$4.97B
P/E17.0x
52W High$155.66
Volume616.47K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q2

Fee-Driven Model Shows Strong Returns But Lumpy Earnings

Hamilton Lane's earnings are nearly entirely fee-driven, with non-interest fee income representing roughly 100% of total revenue across the last ten quarters, which suggests a scalable but market-sensitive asset management model.

GrowthMixed
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HLNE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-41% Peers

P/E is 41% below peer median

03

Market leadership

RS 52 · Avg

Average momentum (RS Rating: 52)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HLNE-33.27%
S&P 500 (^GSPC)+7.63%
1-Year Return
HLNE-28.24%
S&P 500 (^GSPC)+9.69%
3-Year Return
HLNE+7.06%
S&P 500 (^GSPC)+67.75%
5-Year Return
HLNE-11.29%
S&P 500 (^GSPC)+55.86%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
17.0x
Forward P/EExpansion
14.8x
EV/EBITDA0th %ile
12.7x
FCF YieldCash Flow
5.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.0x
24.6x
20th· Low
EV/EBITDA
12.7x
22.1x
0th· Low
Price/FCF
16.8x
24.6x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$65.63-26.6%
Base (Fair)$85.15-4.8%
Bull$84.19-5.9%
$65.63 Bear$85.15 Base$84.19 Bull
Current Market Price: $89.46
Trades at a 5.1% premium to Base DCF ($85.15)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$744M+6.3% YoY
Net income FY26
$249M+14.6% YoY
Free cash flow FY26
$455M+57.5% YoY
Operating margin FY26
43.7%-1.6 pts YoY
ROIC (FY26)15.6%
Avg ROIC 5Y18.1%
ROE (TTM)17.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$1.98+20.0%
vs $1.65
$204M-5.0%
vs $215M
Q3 2026
Aug 4, 2026
$1.94+26.8%
vs $1.53
$275M+24.1%
vs $222M
Q2 2026
May 21, 2026
$1.49+4.2%
vs $1.43
$194M-4.7%
vs $203M
Q1 2026
Feb 3, 2026
$1.55+14.8%
vs $1.35
$199M+1.6%
vs $196M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 28, 2026
Weatherbie Specialized Growth Fund Q3 2026 Portfolio Update

Natera reported stronger-than-expected results and raised its full-year outlook. Impinj reported stronger-than-expected results, including record revenue and profitability. Hamilton Lane shares contributed positively during the quarter after the company reported stronger-than-expected revenue and earnings.

Zacks Investment Research·Oct 27, 2026
Hamilton Lane (HLNE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Hamilton Lane (HLNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire·Oct 15, 2026
Hamilton Lane Announces Leadership Evolution: Hartley Rogers Named Co-Chief Executive Officer Alongside Juan Delgado-Moreira

Erik Hirsch named Executive Co-Chairman, focused on strategic initiatives to advance firm's growth CONSHOHOCKEN, Pa., Oct. 15, 2026 /PRNewswire/ -- Hamilton Lane (Nasdaq: HLNE), a leading global private markets investment management firm, today announced that Hartley Rogers has been named Co-Chief Executive Officer alongside Juan Delgado-Moreira.

ETF Trends·Oct 12, 2026
Tokenization Gains Ground & ETFs Have Room to Grow

Tokenization has been one of asset management's loudest buzzwords for years. Yet most firms are still watching from the sidelines.

Filtered for Hamilton Lane IncorporatedMore Headlines
04

Compare before deciding

Benchmark HLNE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Hamilton Lane Incorporated (HLNE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HLNE logoHLNEHamilton Lane IncorporatedCurrent
$89.46$4.97B17.026.35%32.94%17.62%2.91%
BN logoBNBrookfield Corporation
$41.38$92.43B69.10-14.93%2.35%0.86%—
STEP logoSTEPStepStone Group Inc.
$47.45$6.13B-12.2769.96%-13.9%-30.26%3.09%
GCMG logoGCMGGCM Grosvenor Inc.
$12.66$2.37B57.919.17%8.1%47.35%1.01%
ARES logoARESAres Management Corporation
$133.98$44B70.4396.21%7.93%5.07%6.03%
BX logoBXBlackstone Inc.
$119.50$94.14B26.8821.87%22.58%16.4%6.44%

Compare HLNE vs Peers

Hamilton Lane Incorporated (HLNE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BN

Most directly comparable listed peer for HLNE.

Scale Benchmark

vs ICE

Larger-name benchmark to compare HLNE against a more recognizable public peer.

Peer Set

Compare Top 5

vs BN, STEP, GCMG, ARES

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HLNE SEC Filings & Documents

Hamilton Lane Incorporated (HLNE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 3, 2026·SEC

Material company update

Oct 15, 2026·SEC

Material company update

Aug 4, 2026·SEC

10-K Annual Reports

4
FY 2026

May 21, 2026·SEC

FY 2025

May 30, 2025·SEC

FY 2024

May 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 3, 2026·SEC

FY 2026

Aug 4, 2026·SEC

FY 2026

Feb 3, 2026·SEC

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HLNE Frequently Asked Questions

Hamilton Lane Incorporated (HLNE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Hamilton Lane Incorporated growing?

Hamilton Lane Incorporated (HLNE) grew revenue by 19.5% over the trailing twelve months, compared with the twelve months before.

Is HLNE profitable?

Yes. Hamilton Lane Incorporated (HLNE) earned $282.5M in net income over the trailing twelve months (a 32.9% net margin).

Dividend & Returns
Does HLNE pay dividends?

Yes. Hamilton Lane Incorporated (HLNE) pays a dividend that yields 2.91% at the current price, a moderate yield.

What is HLNE's return on equity?

Hamilton Lane Incorporated (HLNE) had a return on equity (ROE) of 17.6% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics
What is Hamilton Lane Incorporated's net interest margin?

Hamilton Lane Incorporated (HLNE) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.

What is Hamilton Lane Incorporated's efficiency ratio?

Hamilton Lane Incorporated (HLNE) has an efficiency ratio of 27.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HLNE back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →