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HLNEHamilton Lane Incorporated
$82.22$4.6B
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HLNE logoHamilton Lane Incorporated(HLNE)Earnings, Financials & Key Ratios

HLNE•NASDAQ•Banking & Credit
13.9× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative asset managers
AboutHamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies. For fund of fund investments, it invests in mezzanine, venture capital, private equity, turnaround, secondary investments, real estate, and special situation funds. The firm invests in real estate investments. It also invest in technology, healthcare, education, natural resources, energy and essential consumer goods sectors, cleantech, and environment, community development, and financial empowerment. It invests in private equity markets in North America, Latin America, United States, Western Europe, Middle East, Africa, United Kingdom, Asia, Japan, and Australia. The firm prefer to invest $1 million to $100 million in companies. It prefers to have majority stake in companies. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.Show more
  • Net Interest Income-$2M+68.2%
  • Total Revenue$759M+6.5%
  • Net Income$249M+14.6%
  • Return on Equity20.85%-23.3%
  • Net Interest Margin-0.07%+76.7%
  • Efficiency Ratio27.06%+2.5%
  • ROA12.47%-15.0%
  • Equity / Assets63.63%+16.4%
  • Book Value per Share26.91+39.0%

HLNE Key Insights

Hamilton Lane Incorporated (HLNE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 23.5%
  • ✓Strong 5Y profit CAGR of 20.5%
  • ✓Efficient operations: 27.1% efficiency ratio
  • ✓Well capitalized: 63.6% equity/assets
  • ✓Healthy dividend yield of 3.2%
  • ✓Diversified revenue: 98.2% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.1%
  • ✗Weak momentum: RS Rating 15 (bottom 15%)
  • ✗Shares diluted 14.2% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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HLNE Price & Volume

Hamilton Lane Incorporated (HLNE) stock price & volume — 10-year historical chart

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HLNE Growth Metrics

Hamilton Lane Incorporated (HLNE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years15.43%
5 Years17.31%
3 Years12.8%
TTM-

Profit CAGR

10 Years-
5 Years20.51%
3 Years31.68%
TTM14.61%

EPS CAGR

10 Years5.86%
5 Years16.07%
3 Years25.29%
TTM9.65%

Return on Capital

10 Years30.4%
5 Years22.35%
3 Years23.56%
Last Year19.37%

HLNE Recent Earnings

Hamilton Lane Incorporated (HLNE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 21, 2026
Metric
Actual
Est
EPS
$1.49+4.2%
$1.43
Rev
$194M-4.7%
$203M
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$1.55+14.8%
$1.35
Rev
$199M+1.6%
$196M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$1.54+42.6%
$1.08
Rev
$191M+3.3%
$185M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$1.31+33.7%
$0.98
Rev
$176M+4.0%
$169M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 21, 2026
$1.49vs $1.43+4.2%
$194Mvs $203M-4.7%
Q1 2026Feb 3, 2026
$1.55vs $1.35+14.8%
$199Mvs $196M+1.6%
Q4 2025Nov 4, 2025
$1.54vs $1.08+42.6%
$191Mvs $185M+3.3%
Q3 2025Aug 5, 2025
$1.31vs $0.98+33.7%
$176Mvs $169M+4.0%
Based on last 12 quarters of dataView full earnings history →

HLNE Peer Comparison

Hamilton Lane Incorporated (HLNE) competitors in Alternative asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BN logoBNBrookfield CorporationDirect Competitor99.42B44.4488.88-11.49%1.74%0.81%1.88
STEP logoSTEPStepStone Group Inc.Direct Competitor5.65B45.20-6.7569.69%-26.88%-49.51%1.47
GCMG logoGCMGGCM Grosvenor Inc.Direct Competitor2.25B12.0528.698.04%9.04%86.52%3.77
ARES logoARESAres Management CorporationDirect Competitor42.48B129.3465.9966.55%9%6.25%1.71
BX logoBXBlackstone Inc.Direct Competitor96.99B123.7831.9021.58%21.83%14.35%0.61
KKR logoKKRKKR & Co. Inc.Direct Competitor86.49B97.0141.46-10.99%12.45%3.19%0.67
CG logoCGThe Carlyle Group Inc.Direct Competitor16.18B44.8020.5519.8%13.7%7.81%1.97
APO logoAPOApollo Global Management, Inc.Product Competitor79.27B137.5018.9416.03%7.24%5.52%0.31

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 BK

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

Peer Set

Compare Top 5

vs BN, STEP, GCMG, ARES

HLNE Income Statement

Hamilton Lane Incorporated (HLNE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Net Interest Income
-5.46M-2.78M-2.11M-827K-4.14M-3.5M-1.17M-5.25M-1.67M
NII Growth %
61.66%49.02%24.32%60.75%-400.36%15.35%66.69%-350.13%68.25%
Net Interest Margin %
-1.86%-0.77%-0.44%-0.07%-0.32%-0.31%-0.09%-0.31%-0.07%
Interest Income
528K255K709K1.68M500K5.11M10.01M8.08M13.28M
Interest Expense
5.99M3.04M2.82M2.5M4.63M8.62M11.18M13.33M14.95M
Loan Loss Provision
76.88M95.96M82.95M133.82M103.76M140.7M155.22M194.89M213.68M
Non-Interest Income
243.5M251.92M273.34M339.96M367.42M523.64M543.83M704.88M745.71M
Non-Interest Income %
99.78%99.9%99.74%99.51%99.86%99.03%98.19%98.87%98.25%
Total Revenue
244.03M▲ 0%
252.18M▲ 3.3%
274.05M▲ 8.7%
341.63M▲ 24.7%
367.92M▲ 7.7%
528.75M▲ 43.7%
553.84M▲ 4.7%
712.96M▲ 28.7%
758.99M▲ 6.5%
Revenue Growth %
35.71%3.34%8.67%24.66%7.69%43.71%4.74%28.73%6.46%
Non-Interest Expense
38.21M48.96M71.86M49.59M89.96M139.4M141.63M188.19M205.42M
Efficiency Ratio
15.66%19.41%26.22%14.51%24.45%26.36%25.57%26.4%27.06%
Operating Income
122.95M▲ 0%
104.22M▼ 15.2%
116.43M▲ 11.7%
155.73M▲ 33.8%
169.56M▲ 8.9%
240.04M▲ 41.6%
245.82M▲ 2.4%
316.55M▲ 28.8%
324.94M▲ 2.7%
Operating Margin %
50.38%41.33%42.48%45.58%46.09%45.4%44.38%44.4%42.81%
Operating Income Growth %
61.54%-15.23%11.71%33.75%8.88%41.56%2.41%28.77%2.65%
Pretax Income
139.63M▲ 0%
129.56M▼ 7.2%
140.74M▲ 8.6%
193.2M▲ 37.3%
313.68M▲ 62.4%
242.61M▼ 22.7%
281.66M▲ 16.1%
362.28M▲ 28.6%
462.92M▲ 27.8%
Pretax Margin %
57.22%51.38%51.36%56.55%85.26%45.88%50.86%50.81%60.99%
Income Tax
33.33M30.56M13.97M24.42M66.42M55.42M54.45M48.51M75.2M
Effective Tax Rate %
23.87%23.59%9.92%12.64%21.18%22.85%19.33%13.39%16.25%
Net Income
17.34M▲ 0%
33.57M▲ 93.6%
60.83M▲ 81.2%
98.02M▲ 61.2%
145.99M▲ 48.9%
109.12M▼ 25.3%
140.86M▲ 29.1%
217.42M▲ 54.4%
249.18M▲ 14.6%
Net Margin %
7.11%13.31%22.2%28.69%39.68%20.64%25.43%30.49%32.83%
Net Income Growth %
2733.5%93.6%81.17%61.15%48.93%-25.25%29.09%54.35%14.61%
Net Income (Continuing)
106.3M99M126.78M168.78M247.25M187.19M227.21M313.77M387.72M
EPS (Diluted)
0.91▲ 0%
1.38▲ 51.6%
2.14▲ 55.1%
2.81▲ 31.3%
3.98▲ 41.6%
3.01▼ 24.4%
3.69▲ 22.6%
5.41▲ 46.6%
5.92▲ 9.4%
EPS Growth %
2933.33%51.65%55.07%31.31%41.64%-24.37%22.59%46.61%9.43%
EPS (Basic)
0.941.412.172.824.023.053.725.455.99
Diluted Shares Outstanding
18.99M24.3M28.44M33.36M53.67M53.7M53.9M47.73M54.5M

HLNE Balance Sheet

Hamilton Lane Incorporated (HLNE) balance sheet — assets, liabilities & shareholders' equity

MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash & Short Term Investments
47.6M49.36M50.12M87.34M72.17M111.75M114.63M277.27M363.9M
Cash & Due from Banks
47.6M49.36M50.12M87.34M72.17M111.75M114.63M277.27M363.9M
Short Term Investments
000000000
Total Investments
137.25M154.49M207.75M373.62M513.83M587.97M632.27M761.05M1.3B
Investments Growth %
14.24%12.56%34.47%79.85%37.52%14.43%7.54%20.37%70.88%
Long-Term Investments
137.25M154.49M207.75M373.62M513.83M587.97M632.27M761.05M1.3B
Accounts Receivables
000051.87M47.14M108.29M181.41M151.82M
Goodwill & Intangibles
00011.87M22.13M15.85M14.15M12.45M0
Goodwill
0003.94M9.57M9.57M9.57M9.57M0
Intangible Assets
0007.92M12.57M6.29M4.58M2.88M0
PP&E (Net)
4.78M8.11M16.98M87.69M94.48M90.75M95.44M99M96.42M
Other Assets
8.54M11.01M17.68M7.17M6.65M29.34M20.32M16.84M53.52M
Total Current Assets
69.84M79.25M93.19M404.22M412.81M182.72M247.13M492.49M561.34M
Total Non-Current Assets
223.95M281.34M380.34M732.3M882.13M957.82M1.02B1.2B1.74B
Total Assets
293.8M▲ 0%
360.59M▲ 22.7%
473.53M▲ 31.3%
1.14B▲ 140.0%
1.29B▲ 13.9%
1.14B▼ 11.9%
1.27B▲ 11.5%
1.69B▲ 33.0%
2.3B▲ 36.4%
Asset Growth %
22.1%22.74%31.32%140.01%13.94%-11.92%11.46%32.97%36.36%
Return on Assets (ROA)
6.49%10.26%14.58%12.18%12.01%8.96%11.68%14.68%12.47%
Accounts Payable
1.7M2.62M1.97M2.17M2.83M4.56M4.5M5.47M5.66M
Total Debt
84.16M70.95M84.71M238.46M253.57M292.35M275.19M368.32M356.48M
Net Debt
36.57M21.6M34.58M151.12M181.4M180.6M160.56M91.05M-7.42M
Long-Term Debt
84.16M70.95M74.52M163.18M171.33M213.53M196.16M290.3M278.42M
Short-Term Debt
000000000
Other Liabilities
15.75M21.2M32.94M82.85M80.46M63.97M72.68M104.98M135.65M
Total Current Liabilities
51.56M95.01M114.78M225.01M223.43M210.03M247.37M293.16M346.23M
Total Non-Current Liabilities
106.16M95.86M121.35M321.3M334.03M356.32M347.87M473.3M492.13M
Total Liabilities
157.72M190.87M236.13M546.32M557.46M566.35M595.24M766.46M838.36M
Total Equity
136.07M▲ 0%
169.72M▲ 24.7%
237.4M▲ 39.9%
590.2M▲ 148.6%
737.49M▲ 25.0%
574.19M▼ 22.1%
675.96M▲ 17.7%
923.89M▲ 36.7%
1.47B▲ 58.7%
Equity Growth %
57.08%24.73%39.88%148.61%24.96%-22.14%17.72%36.68%58.73%
Equity / Assets (Capital Ratio)
46.32%47.07%50.13%51.93%56.95%50.34%53.17%54.66%63.63%
Return on Equity (ROE)
15.57%21.96%29.88%23.69%21.99%16.64%22.53%27.18%20.85%
Book Value per Share
7.176.988.3517.6913.7410.6912.5419.3626.91
Tangible BV per Share
7.176.988.3517.3313.3310.4012.2819.1026.91
Common Stock
48K51K52K53K53K54K55K55K56K
Additional Paid-in Capital
73.83M92.48M107.73M150.56M161.68M171.57M208.4M261.86M299.31M
Retained Earnings
4.55M17.69M47.09M87.51M185.15M243.82M316.7M455.51M614.69M
Accumulated OCI
07K-78K0000-141K1.17M
Treasury Stock
000000000
Preferred Stock
000000000

HLNE Cash Flow Statement

Hamilton Lane Incorporated (HLNE) cash flow — operating, investing & free cash flow history

MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash from Operations
96.69M111.62M116.37M188.16M169.52M226.59M120.85M300.82M460.38M
Operating CF Growth %
18.38%15.44%4.26%61.69%-9.9%33.66%-46.66%148.92%53.04%
Net Income
106.3M99M126.78M168.78M247.25M187.19M227.21M313.77M387.72M
Depreciation & Amortization
1.89M2.98M3.29M4.13M5.5M7.44M8.19M9.29M9.88M
Deferred Taxes
22.98M21.66M7.93M7.03M23.94M20.43M16.7M12.08M28.42M
Other Non-Cash Items
-4.72M-13.85M-13.9M-27.99M-87.68M25.39M-101.01M-4.86M-58.83M
Working Capital Changes
-35.3M-4.55M-14.91M29.12M-26.9M-23.81M-42.36M-60.86M42.31M
Cash from Investing
-21.77M-19.21M-49.9M-421.78M-70.49M177.91M-122.18M-117.58M-530.28M
Purchase of Investments
-30.35M-46.05M-57.7M-436.41M-92.24M-121.58M-64.18M-89.83M-449.83M
Sale/Maturity of Investments
022.53M6.42M252K12.62M292.43M2.11M6.95M0
Net Investment Activity
-30.35M-23.52M-51.28M-436.16M-79.61M170.85M-62.07M-82.89M-449.83M
Acquisitions
-5.23M10.61M3.52M-252K-10.1M-1.5M0-46.31M0
Other Investing
16.05M-944K4.01M34.27M27.75M13.31M-49.04M23.77M-80.45M
Cash from Financing
-59.67M-90.21M-64.71M270.66M-113.22M-364.15M4.4M-19.62M155.78M
Dividends Paid
-46.45M-69.33M-76.44M-74.04M-97.34M-135.85M-109.28M-119.8M-141.84M
Share Repurchases
-6.47M-5.39M-5.88M-6.02M-3.49M-280.53M-3.51M-253.87M-80.08M
Stock Issued
125.2M193.5M147.12M749.34M73.83M43.69M201.67M251.2M58.61M
Net Stock Activity
118.72M188.12M141.24M743.32M70.35M-236.84M198.16M-2.67M-21.48M
Debt Issuance (Net)
-1000K-1000K1000K1000K1000K1000K-1000K1000K-1000K
Other Financing
-129.97M-2.5M12.85M-487.2M-94.31M8.11M-66.98M8.94M331.59M
Net Change in Cash
15.25M▲ 0%
2.21M▼ 85.5%
1.62M▼ 26.6%
37.17M▲ 2194.3%
-14.18M▼ 138.2%
40.35M▲ 384.6%
3.07M▼ 92.4%
163.99M▲ 5246.8%
88.3M▼ 46.2%
Exchange Rate Effect
08K-144K130K000-102K2.43M
Cash at Beginning
34.13M49.38M51.59M53.21M90.38M76.2M116.55M119.62M283.6M
Cash at End
49.38M51.59M53.21M90.38M76.2M116.55M119.62M283.6M371.9M
Interest Paid
000000000
Income Taxes Paid
000000000
Free Cash Flow
94.44M▲ 0%
106.26M▲ 12.5%
110.22M▲ 3.7%
168.52M▲ 52.9%
161M▼ 4.5%
221.84M▲ 37.8%
109.78M▼ 50.5%
288.66M▲ 163.0%
454.53M▲ 57.5%
FCF Growth %
17.45%12.51%3.73%52.89%-4.46%37.79%-50.51%162.95%57.46%

HLNE Banking Ratios

Hamilton Lane Incorporated (HLNE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2017201820192020202120222023202420252026
Return on Equity (ROE)
0.71%15.57%21.96%29.88%23.69%21.99%16.64%22.53%27.18%20.85%
Return on Assets (ROA)
0.28%6.49%10.26%14.58%12.18%12.01%8.96%11.68%14.68%12.47%
Net Interest Margin
-5.92%-1.86%-0.77%-0.44%-0.07%-0.32%-0.31%-0.09%-0.31%-0.07%
Efficiency Ratio
17.57%15.66%19.41%26.22%14.51%24.45%26.36%25.57%26.4%27.06%
Equity / Assets
36%46.32%47.07%50.13%51.93%56.95%50.34%53.17%54.66%63.63%
Book Value / Share
4.727.176.988.3517.6913.7410.6912.5419.3626.91
NII Growth
-14.45%61.66%49.02%24.32%60.75%-400.36%15.35%66.69%-350.13%68.25%
Dividend Payout
13146.57%267.89%206.49%125.66%75.54%66.68%124.5%77.58%55.1%56.92%
Related:HLNE Dividend History·HLNE Revenue History·HLNE Price History·HLNE P/E History·HLNE Financial Ratios·HLNE Institutional Holders

HLNE SEC Filings & Documents

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

8-K Announcements

6
Material company update

May 21, 2026·SEC

Material company update

Feb 20, 2026·SEC

Material company update

Feb 3, 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

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

HLNE Frequently Asked Questions

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

Growth & Financials

Hamilton Lane Incorporated (HLNE) grew revenue by 6.5% over the past year. This is steady growth.

Yes, Hamilton Lane Incorporated (HLNE) is profitable, generating $249.2M in net income for fiscal year 2026 (32.8% net margin).

Dividend & Returns

Yes, Hamilton Lane Incorporated (HLNE) pays a dividend with a yield of 3.17%. This makes it attractive for income-focused investors.

Hamilton Lane Incorporated (HLNE) has a return on equity (ROE) of 20.8%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

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

Hamilton Lane Incorporated (HLNE) has an efficiency ratio of 27.1%. 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

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