Last 41 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Hamilton Lane Incorporated's quarterly P/E stands at 58.9x, up 110.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 6.4% YoY to 24.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.44 | 58.91 | 19.94 | 27.76 | 30.22 | 28.04 | 30.73 | 21.02 | 21.36 | 20.55 | 20.37 | 24.69 | 11.86 |
| — | +110.1% | -35.1% | +32.1% | +41.5% | +36.4% | +50.9% | -14.9% | +80.1% | -60.1% | +32.6% | -8.9% | -6.7% | |
| P/S Ratio | 5.96 | 12.85 | 9.62 | 11.00 | 7.70 | 11.98 | 15.21 | 8.49 | 9.12 | 10.21 | 6.20 | 8.61 | 8.81 |
| — | +7.2% | -36.7% | +29.6% | -15.6% | +17.3% | +145.3% | -1.4% | +3.5% | +51.1% | +18.7% | +29.4% | -14.3% | |
| P/B Ratio | 4.60 | 5.52 | 6.34 | 7.78 | 6.60 | 9.35 | 11.38 | 9.07 | 9.08 | 9.81 | 6.24 | 6.71 | 6.92 |
| — | -41.0% | -44.2% | -14.2% | -27.4% | -4.7% | +82.3% | +35.0% | +31.2% | +51.4% | +56.1% | +42.7% | +23.0% | |
| P/FCF | 13.64 | 24.64 | 15.29 | 15.17 | 36.24 | 34.30 | 19.69 | 21.34 | 76.36 | — | 16.33 | 13.76 | 84.71 |
| — | -28.2% | -22.3% | -28.9% | -52.5% | — | +20.6% | +55.1% | -9.9% | — | +91.8% | -9.6% | +160.7% | |
| EV / EBITDA | 13.31 | 24.30 | 22.93 | 24.50 | 17.94 | 25.96 | 32.96 | 18.46 | 20.17 | 22.42 | 13.40 | 19.63 | 20.31 |
| — | -6.4% | -30.4% | +32.7% | -11.1% | +15.8% | +146.0% | -6.0% | -0.7% | +52.0% | +14.4% | +31.9% | -9.9% | |
| EV / EBIT | 13.70 | 21.88 | 15.53 | 19.61 | 16.80 | 21.57 | 28.73 | 15.47 | 16.75 | 19.54 | 11.23 | 15.79 | 14.70 |
| — | +1.4% | -46.0% | +26.8% | +0.3% | +10.4% | +156.0% | -2.0% | +14.0% | -20.8% | +0.8% | +14.1% | -8.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Hamilton Lane Incorporated's operating margin was 47.5% in Q3 2026, up 5.7 pp QoQ and up 2.5 pp YoY. The trailing four-quarter average of 43.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 16.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.8% | 89.0% | 70.8% | 69.6% | 67.3% | 76.4% | 71.4% | 69.0% | 76.4% | 71.4% | 69.0% | 70.9% | 70.9% |
| — | +16.4% | -0.9% | +0.9% | -12.0% | +7.0% | +3.6% | -2.7% | +7.8% | -0.9% | -4.0% | -1.5% | -17.3% | |
| Operating Margin | 44.4% | 47.5% | 41.8% | 43.7% | 42.4% | 45.0% | 44.8% | 45.6% | 45.0% | 44.8% | 45.6% | 43.9% | 43.7% |
| — | +5.5% | -6.8% | -4.0% | -5.7% | +0.5% | -1.7% | +3.7% | +2.9% | -2.5% | +0.1% | -4.8% | -4.6% | |
| Net Margin | 30.5% | 21.9% | 37.1% | 30.5% | 25.5% | 31.5% | 36.7% | 30.0% | 31.5% | 36.7% | 30.0% | 24.8% | 27.6% |
| — | -30.5% | +1.3% | +1.9% | -19.0% | -14.1% | +22.3% | +20.9% | +14.2% | +381.7% | +31.8% | +0.3% | +101.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.2% | 2.5% | 6.6% | 5.6% | 5.7% | 6.4% | 7.1% | 8.3% | 8.1% | 7.8% | 8.3% | 5.1% | 5.6% |
| — | -60.6% | -7.9% | -32.9% | -30.6% | -18.6% | -13.8% | +63.7% | +44.7% | +438.4% | +86.2% | +14.5% | +200.7% | |
| ROA | 14.7% | 1.5% | 3.7% | 3.1% | 3.1% | 3.5% | 3.9% | 4.5% | 4.3% | 4.3% | 4.6% | 2.6% | 2.7% |
| — | -57.3% | -4.7% | -31.0% | -28.0% | -18.0% | -14.7% | +68.4% | +55.6% | +456.4% | +81.0% | +4.7% | +155.6% | |
| ROIC | 21.2% | 3.5% | 4.0% | 4.4% | 5.0% | 4.9% | 4.8% | 6.8% | 6.1% | 5.1% | 6.8% | 4.6% | 4.4% |
| — | -29.4% | -16.2% | -36.5% | -18.6% | -4.3% | -28.9% | +48.5% | +38.9% | +10.6% | +38.9% | +1.2% | +24.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 3159.9% YoY to 67.31x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | — | 0.38 | 0.37 | 0.40 | 0.43 | 0.34 | 0.37 | 0.41 | 0.44 | 0.36 | 0.43 | 0.51 |
| — | — | +10.0% | -1.4% | -2.1% | -3.4% | -3.7% | -14.3% | -20.0% | -15.6% | +4.0% | +10.6% | +48.1% | |
| Debt / EBITDA | 1.13 | — | 5.31 | 4.60 | 4.27 | 4.74 | 3.95 | 2.99 | 3.52 | 3.98 | 3.03 | 4.91 | 5.71 |
| — | — | +34.4% | +54.0% | +21.2% | +18.9% | +30.5% | -39.2% | -38.3% | -13.7% | -20.9% | +4.8% | +8.2% | |
| Current Ratio | 1.68 | 67.31 | 39.60 | 1.60 | 1.68 | 2.06 | 1.54 | 1.36 | 1.04 | 1.19 | 1.51 | 1.02 | 0.87 |
| — | +3159.9% | +2479.5% | +18.3% | +61.5% | +73.1% | +1.9% | +33.0% | +19.6% | +16.8% | -32.6% | -48.9% | -52.9% | |
| Quick Ratio | 1.68 | 67.31 | 39.60 | 1.60 | 1.68 | 2.06 | 1.54 | 1.36 | 1.04 | 1.19 | 1.51 | 1.02 | 0.87 |
| — | +3159.9% | +2479.5% | +18.3% | +61.5% | +73.1% | +1.9% | +33.0% | +19.6% | +16.8% | -32.6% | -48.9% | -52.9% | |
| Interest Coverage | 23.74 | 17.57 | 20.81 | 19.96 | 22.03 | 19.59 | 24.85 | 30.41 | 19.59 | 24.85 | 30.41 | 18.97 | 19.04 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 41 years · Updated daily
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Hamilton Lane Incorporated's current P/E is 16.4x. The average P/E over the last 4 quarters is 34.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Hamilton Lane Incorporated's current operating margin is 44.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Hamilton Lane Incorporated's business trajectory between earnings reports.