Last 48 quarters of trend data · Financial Services · Investment Banks & Brokerages
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.25 | 34.84 | 234.04 | 11.67 | 26.98 | 19.69 | 23.07 | 19.33 | 16.09 | 12.35 | 19.48 | 29.91 | 13.38 | 119.64 | — | — | 19.70 | 7.51 | 8.81 | 8.21 | 5.86 |
| — | +76.9% | +914.6% | -39.6% | +67.7% | +59.5% | +18.4% | -35.4% | +20.2% | -89.7% | — | — | -32.1% | +1493.7% | — | — | +235.9% | -38.4% | -15.9% | -43.4% | -9.1% | |
| P/S Ratio | 1.14 | 1.20 | 1.39 | 1.51 | 1.44 | 1.89 | 1.60 | 1.78 | 1.70 | 1.69 | 1.43 | 1.38 | 1.03 | 1.43 | 1.12 | 1.37 | 1.17 | 1.09 | 1.31 | 1.35 | 1.24 |
| — | -36.2% | -12.9% | -15.1% | -15.3% | +11.5% | +12.0% | +29.2% | +64.5% | +18.6% | +27.2% | +0.9% | -11.7% | +30.3% | -14.3% | +1.7% | -5.2% | -39.4% | -16.2% | -29.6% | -10.9% | |
| P/B Ratio | 4.12 | 3.70 | 4.98 | 4.76 | 5.28 | 5.84 | 5.79 | 6.20 | 7.14 | 6.82 | 6.46 | 7.75 | 5.80 | 5.83 | 5.68 | 4.85 | 2.59 | 2.51 | 2.37 | 2.42 | 2.96 |
| — | -36.6% | -14.0% | -23.3% | -26.0% | -14.4% | -10.4% | -20.0% | +23.1% | +16.9% | +13.6% | +59.7% | +123.6% | +132.8% | +139.4% | +100.7% | -12.5% | -24.8% | -30.4% | -30.9% | -39.2% | |
| P/FCF | 5.37 | 3.13 | 5.47 | — | 3.27 | 4.47 | 33.12 | — | 3.92 | 3.28 | 5.66 | — | 2.48 | 28.15 | 3.67 | — | 2.82 | 1.83 | 2.85 | — | 2.79 |
| — | -30.0% | -83.5% | — | -16.7% | +35.9% | +485.5% | — | +58.0% | -88.3% | +54.3% | — | -11.9% | +1436.0% | +28.8% | — | +0.9% | -44.7% | -71.5% | — | -33.4% | |
| EV / EBITDA | 13.71 | 15.54 | 30.88 | 12.61 | 13.55 | 16.00 | 15.39 | 23.08 | 13.69 | 9.44 | 18.43 | 21.80 | 13.64 | 193.40 | — | — | 12.66 | 6.41 | 8.47 | 7.47 | 5.09 |
| — | -2.8% | +100.6% | -45.3% | -1.1% | +69.5% | -16.5% | +5.9% | +0.4% | -95.1% | — | — | +7.8% | +2915.2% | — | — | +148.5% | -32.3% | -7.1% | -32.2% | -19.7% | |
| EV / EBIT | 11.58 | 15.54 | 36.93 | 12.61 | 14.64 | 14.06 | 13.70 | 19.22 | 12.28 | 8.74 | 15.55 | 18.43 | 12.30 | 77.33 | — | — | 11.42 | 6.10 | 7.88 | 6.99 | 4.91 |
| — | +10.5% | +169.5% | -34.4% | +19.2% | +61.0% | -11.9% | +4.2% | -0.2% | -88.7% | — | — | +7.7% | +1168.6% | — | — | +132.7% | -31.4% | -8.4% | -32.0% | -19.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7% | 97.6% | 100.0% | 37.4% | 22.5% | 35.8% | 36.7% | 35.7% | 36.2% | 42.5% | 36.1% | 29.6% | 29.1% | 32.6% | 12.5% | 18.7% | 34.7% | 44.2% | 46.1% | 45.8% | 45.6% |
| — | +172.9% | +172.5% | +4.6% | -37.9% | -15.8% | +1.7% | +20.5% | +24.5% | +30.3% | +188.1% | +58.0% | -16.2% | -26.2% | -72.8% | -59.1% | -23.9% | -0.2% | +15.8% | +8.9% | +7.2% | |
| Operating Margin | 13.4% | 8.7% | 4.7% | 14.0% | 11.9% | 12.8% | 11.8% | 8.6% | 13.3% | 20.9% | 9.5% | 7.2% | 9.0% | -0.9% | -17.4% | -7.0% | 10.5% | 22.0% | 19.8% | 23.0% | 27.1% |
| — | -32.4% | -60.6% | +62.7% | -11.0% | -38.8% | +25.0% | +18.5% | +48.3% | +2308.8% | +154.3% | +203.9% | -14.3% | -104.3% | -187.9% | -130.2% | -61.3% | +1.7% | -2.1% | +13.0% | +9.2% | |
| Net Margin | 7.6% | 3.6% | 0.6% | 13.5% | 5.5% | 9.6% | 7.0% | 9.5% | 10.8% | 14.0% | 7.4% | 4.7% | 8.0% | 1.4% | -19.6% | -4.2% | 6.1% | 14.7% | 15.0% | 16.4% | 21.2% |
| — | -62.5% | -91.5% | +42.1% | -48.9% | -31.4% | -5.2% | +99.9% | +35.2% | +906.3% | +137.8% | +213.4% | +30.9% | -90.5% | -230.6% | -125.5% | -71.4% | -1.7% | +0.2% | +24.0% | -1.9% |
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 27.0% | 3.0% | 0.5% | 10.4% | 5.1% | 7.8% | 6.9% | 8.1% | 11.3% | 15.9% | 8.8% | 6.5% | 11.9% | 1.4% | -22.6% | -2.4% | 3.4% | 8.0% | 6.5% | 7.1% | 13.1% |
| — | -61.7% | -92.5% | +28.8% | -54.6% | -50.9% | -21.7% | +24.8% | -4.9% | +1013.0% | +139.0% | +370.5% | +252.2% | -82.1% | -448.8% | -133.5% | -74.3% | +13.6% | -22.5% | -0.4% | -38.5% | |
| ROA | 4.9% | 0.7% | 0.1% | 2.2% | 1.0% | 1.6% | 1.3% | 1.3% | 1.8% | 2.3% | 1.1% | 0.8% | 1.4% | 0.2% | -2.7% | -0.4% | 0.7% | 1.6% | 1.4% | 1.6% | 3.0% |
| — | -58.1% | -91.2% | +64.3% | -42.0% | -32.4% | +15.8% | +72.5% | +26.1% | +1338.9% | +140.5% | +282.2% | +102.6% | -90.2% | -292.1% | -126.2% | -76.8% | +0.3% | -27.9% | +13.5% | -8.7% | |
| ROIC | 9.5% | 1.7% | 0.9% | 2.3% | 2.4% | 2.3% | 2.3% | 1.4% | 2.6% | 4.0% | 1.6% | 1.5% | 2.0% | -0.1% | -3.0% | -0.9% | 1.6% | 3.4% | 2.6% | 3.1% | 5.2% |
| — | -26.7% | -60.7% | +68.5% | -8.8% | -42.3% | +42.0% | -4.6% | +32.6% | +3020.9% | +154.5% | +265.1% | +25.1% | -104.0% | -217.5% | -128.3% | -69.7% | +9.2% | -23.4% | +8.7% | +2.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.61 | 2.06 | 2.38 | 2.27 | 2.61 | 2.30 | 2.54 | 2.99 | 2.87 | 3.11 | 3.99 | 4.32 | 3.82 | 4.35 | 4.40 | 3.68 | 1.75 | 1.74 | 1.57 | 1.44 | 1.35 |
| — | -10.4% | -6.2% | -24.3% | -9.1% | -26.1% | -36.4% | -30.7% | -24.9% | -28.6% | -9.2% | +17.4% | +118.3% | +149.6% | +179.5% | +155.5% | +29.2% | +20.9% | +5.3% | -8.4% | -40.9% | |
| Debt / EBITDA | 5.73 | 28.08 | 47.88 | 19.23 | 22.17 | 21.26 | 21.70 | 34.75 | 18.92 | 13.95 | 32.61 | 36.40 | 26.31 | 379.02 | — | — | 26.33 | 12.95 | 16.15 | 13.07 | 8.04 |
| — | +32.1% | +120.7% | -44.7% | +17.2% | +52.3% | -33.5% | -4.5% | -28.1% | -96.3% | — | — | -0.1% | +2825.9% | — | — | +227.6% | -4.9% | +26.1% | -17.1% | -20.2% | |
| Current Ratio | 29.35 | 2.66 | 2.83 | — | 29.35 | 2.27 | 3.64 | 4.60 | 2.92 | 5.09 | 3.88 | 3.00 | 2.22 | 2.82 | 2.63 | 2.27 | 2.10 | 2.19 | 1.96 | 2.03 | 2.10 |
| — | +17.0% | -22.2% | — | +905.6% | -55.5% | -6.2% | +53.2% | +31.5% | +80.7% | +47.9% | +32.0% | +5.4% | +28.8% | +34.0% | +11.8% | +0.2% | -5.8% | -20.0% | -11.7% | +16.3% | |
| Quick Ratio | 29.35 | 2.66 | 2.83 | — | 29.35 | 2.27 | 3.64 | 4.60 | 2.92 | 5.09 | 3.88 | 3.00 | 2.22 | 2.82 | 2.63 | 2.27 | 2.10 | 2.19 | 1.96 | 2.03 | 2.10 |
| — | +17.0% | -22.2% | — | +905.6% | -55.5% | -6.2% | +53.2% | +31.5% | +80.7% | +47.9% | +32.0% | +5.4% | +28.8% | +34.0% | +11.8% | +0.2% | -5.8% | -20.0% | -11.7% | +16.3% | |
| Interest Coverage | 4.74 | 3.47 | 1.67 | 4.93 | 4.75 | 5.18 | 5.40 | 3.59 | 5.83 | 8.15 | 3.81 | 3.63 | 4.64 | 0.75 | -4.68 | -0.95 | 4.76 | 9.03 | 6.96 | 8.55 | 14.11 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying LAZ stock.
Lazard Inc's current P/E is 22.2x. The average P/E over the last 4 quarters is 76.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Lazard Inc's current operating margin is 13.4%. Margins have been compressing 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 Lazard Inc's business trajectory between earnings reports.