Lazard Financial Ratios
NYSE: LAZFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lazard ratio analysis
Lazard earned a net margin of 7.4% in FY 2025, down from 8.9% a year earlier. Return on equity reached 27.2%, meaning Lazard generated 0.27 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 1.94 versus 2.65 the year before.
At the end of FY 2025, LAZ traded at 22.9 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 9.4 to 27.5, with a median of 14.1. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Lazard financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 22.92 | 18.46 | — | 9.88 | 9.42 | 11.95 | 16.57 | 9.47 | 27.49 | 14.07 |
| Price / sales | 1.52 | 1.47 | 1.19 | 1.16 | 1.41 | 1.71 | 1.67 | 1.59 | 2.37 | 2.15 |
| Price / book | 5.58 | 7.24 | 7.31 | 5.96 | 4.74 | 4.96 | 7.30 | 4.99 | 5.32 | 4.15 |
| Operating margin | 10.3% | 12.3% | -3.1% | 18.1% | 22.1% | 19.0% | 14.7% | 23.6% | 30.6% | 21.7% |
| Net margin | 7.4% | 8.9% | -2.9% | 12.5% | 16.1% | 15.2% | 10.7% | 18.3% | 9.4% | 16.3% |
| Free cash flow margin | 15.3% | 22.2% | 5.3% | 27.5% | 25.2% | 19.3% | 23.8% | 22.5% | 37.1% | 24.9% |
| Return on equity (ROE) | 27.2% | 44.0% | -17.8% | 64.2% | 54.1% | 44.1% | 47.0% | 57.5% | 21.1% | 31.4% |
| Return on assets (ROA) | 4.8% | 5.8% | -1.6% | 6.1% | 7.4% | 6.7% | 5.1% | 10.5% | 5.1% | 8.5% |
| Debt / equity | 1.94 | 2.65 | 3.99 | 3.03 | 1.73 | 1.85 | 2.75 | 1.56 | 0.99 | 0.96 |
| Revenue growth | 1.5% | 21.1% | -9.2% | -12.8% | 23.7% | -0.8% | -7.6% | 6.9% | 13.2% | -0.9% |
| EPS growth | -19.0% | — | -125.6% | -24.2% | 30.8% | 45.1% | -39.9% | 112.6% | -34.6% | -60.5% |