Lazard, Inc.

Lazard, Inc.

35.70
USD
-1.96
(-5.20%)
2.71EPS
15.05P/E
4.17BMarket Cap
Feb 04Next Earn

Total Valuation

USD

As of March 31, 2026, Lazard Inc carries a market capitalization of 4.17B, placing it among publicly traded companies globally. Its enterprise value stands at 5.18B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap4.17B
Enterprise Value5.18B

Important Dates

Lazard Inc's next confirmed earnings release is scheduled for February 4, 2027.

Earnings Date2/4/2027

Share Statistics

As of March 31, 2026, Lazard Inc has 98.44M shares outstanding.

Shares Outstanding98.44M

Valuation Ratios

As of March 31, 2026, Lazard Inc trades at a trailing price-to-earnings ratio of 15.05. The price-to-sales ratio is 1.28, and the price-to-book ratio stands at 4.73.

PE Ratio15.05
PS Ratio1.28
PB Ratio4.73
P/TBV Ratio8.57
P/FCF Ratio9.10
P/OCF Ratio8.07

Enterprise Valuation

As of March 31, 2026, Lazard Inc trades at an EV/EBITDA multiple of 13.07 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 1.59 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 14.28 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Lazard Inc trades at an EV/FCF ratio of 9.11, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 5.18B versus a market cap of 4.17B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales1.59
EV / EBITDA13.07
EV / EBIT14.28
EV / FCF9.11

Financial Position

As of March 31, 2026, Lazard Inc maintains a current ratio of 5.61, meaning it holds 5.6x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 226.59, indicating elevated leverage, while an interest coverage ratio of 4.43 demonstrates adequate ability to service its debt obligations.

Current Ratio5.61
Quick Ratio5.60
Debt / Equity226.59
Debt / EBITDA5.46
Interest Coverage4.43

Financial Efficiency

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Over the twelve months ended March 31, 2026, Lazard Inc posted a return on equity (ROE) of 37.37, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 9.55 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 6.55, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 11.14, useful for judging operating efficiency across full business cycles. The company generates approximately 992,714.24 in revenue per employee across its workforce of 3,286.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)37.37
Return on Assets (ROA)6.55
Return on Invested Capital (ROIC)9.55
Return on Capital Employed (ROCE)11.14
Revenue Per Employee992,714.24
Employee Count3,286.00

Taxes

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Over the twelve months ended March 31, 2026, Lazard Inc recorded 72.94M in income tax expense. That works out to an effective tax rate of 20.12, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 362.54M, leaving 277.37M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax72.94M
Effective Tax Rate20.12

Stock Price Statistics

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As of the close on October 22, 2026, Lazard Inc's stock has declined approximately 29.59% over the past 52 weeks. The 50-day moving average sits at 40.04, while the 200-day moving average is 45.78.

52-Week Price Change-29.59%
50-Day Moving Average40.04
200-Day Moving Average45.78

Income Statement

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Over the twelve months ended March 31, 2026, Lazard Inc generated 3.26B in revenue and converted that into 277.37M in net income, yielding earnings per share of 2.71. EBITDA reached 396.10M, while operating income came in at 417.22M.

Revenue3.26B
Gross Profit1.12B
Operating Income417.22M
Pretax Income362.54M
Net Income277.37M
EBITDA396.10M
EBIT362.54M
Earnings Per Share (EPS)2.71

Balance Sheet

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As of March 31, 2026, Lazard Inc holds 1.23B in cash and equivalents against 2.16B in total debt, resulting in a net debt position of 668.14M. Total book value stands at 881.30M, with working capital of 1.65B providing operational flexibility.

Cash & Cash Equivalents1.23B
Total Debt2.16B
Net Debt668.14M
Equity (Book Value)881.30M
Book Value Per Share8.95
Working Capital1.65B

Cash Flow

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Lazard Inc produced 517.58M in operating cash flow over the twelve months ended March 31, 2026. After subtracting -20.31M in capital expenditures, free cash flow totaled 497.28M - equivalent to 5.05 per share.

Operating Cash Flow517.58M
Capital Expenditures-20.31M
Free Cash Flow497.28M
FCF Per Share5.05

Margins

Over the twelve months ended March 31, 2026, Lazard Inc posted a gross margin of 34.18, reflecting its pricing power and cost economics. The operating margin of 12.79 and net profit margin of 8.50 provide insight into operational efficiency.

Gross Margin34.18
Operating Margin12.79
Pretax Margin11.11
Profit Margin8.50
EBITDA Margin12.14

Dividends & Yields

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Over the twelve months ended March 31, 2026, Lazard Inc paid dividends of 1.91 per share. The dividend payout ratio of 62.48 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 10.98, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 10.20, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Lazard Inc shareholders.

Dividend Per Share1.91
Payout Ratio62.48
Shareholder Yield10.20
FCF Yield10.98

Scores

As of March 31, 2026, Lazard Inc has an Altman Z-Score of 3.05, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score3.05