Hamilton Lane (HLNE) vs Morningstar (MORN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Morningstar (MORN) has outperformed Hamilton Lane (HLNE) over the past year, losing 9.9% versus a loss of 27.9%. Over five years, HLNE leads with a -6.1% price change compared with -25.5% for MORN. Morningstar is the larger company by market cap ($7.67 billion vs $5.74 billion), about 1.3 times the size.
On valuation, Hamilton Lane trades at a lower forward P/E (11.6x vs 14.6x for Morningstar). Hamilton Lane offers the higher dividend yield (2.59% vs 0.96%). Hamilton Lane converts more of its revenue into profit, with a net margin of 32.8% versus 15.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HLNE | MORN |
|---|---|---|
| Share price | $85.67 | $204.45 |
| Market cap | $5.74B | $7.67B |
| 1-day change | +0.01% | +0.84% |
| YTD return | -36.21% | -5.92% |
| 1-year return | -27.92% | -9.89% |
| 5-year return | -6.05% | -25.50% |
| P/E ratio (TTM) | 13.06 | 19.29 |
| Forward P/E | 11.63 | 14.60 |
| EPS (TTM) | $6.56 | $10.60 |
| Dividend yield | 2.59% | 0.96% |
| Annual dividend | $2.22 | $1.96 |
| Revenue (latest FY) | $758.99M | $2.45B |
| Revenue growth (YoY) | +6.46% | +7.49% |
| Net income (latest FY) | $249.18M | $374.20M |
| Gross margin | — | 61.03% |
| Operating margin | — | 21.53% |
| Net margin | 32.83% | 15.30% |
| 52-week high | $155.66 | $227.51 |
| 52-week low | $71.88 | $141.49 |
| Distance from 52-week high | -44.96% | -10.14% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +51.02% | +15.76% |
| Average volume | 661.06K | 337.13K |
| Shares outstanding | 43.35M | 37.51M |
| Employees | 800 | 10,973 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MORN has outperformed HLNE by 18.0 percentage points over the past year.
- Morningstar trades at a higher earnings multiple (19.3x vs 13.1x trailing P/E).
- Hamilton Lane offers a meaningfully higher dividend yield (2.59% vs 0.96%).
- Hamilton Lane is more profitable, keeping 32.8 cents of every revenue dollar as net income versus 15.3 cents for Morningstar.
About Hamilton Lane
HLNE stock →Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets.
Finance · Investment Managers · 800 employees
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 employees
HLNE vs MORN FAQ
Which is bigger, Hamilton Lane or Morningstar?
Morningstar (MORN) is larger, with a market capitalization of $7.67B compared with $5.74B for Hamilton Lane (HLNE).
Which stock has performed better over the past year, HLNE or MORN?
MORN returned -9.89% over the past 12 months, compared with -27.92% for HLNE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HLNE or MORN?
HLNE has the lower trailing P/E at 13.1, versus 19.3 for MORN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Hamilton Lane or Morningstar?
Hamilton Lane has the higher yield at 2.59%, compared with 0.96% for Morningstar.
Are Hamilton Lane and Morningstar in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.