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Hamilton Lane Inc.

HLNE Financial Asset Management

Hamilton Lane Inc.’s revenue for fiscal 2026 (year ended March 2026) was $759.0 million, up 6.46% from fiscal 2025. In the quarter to June 2026, revenue grew 56.5%, EPS grew 49.2%, free cash flow fell 40.9% and total debt fell 4.98%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

81.84 1.66 −1.99%
Market cap
$4.6B
P/E
12.3×
Fwd P/E
12.3×
Dividend yield
2.79%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 19.51
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — 5 — — 1 3 — — — —
Sell — — — — — — — — — — — —
Insider Ownership 21.66%

Capital & Financial Ratios $m

Market Cap 4,610.00
Revenue 858.37
Net Income 435.53
Free Cash Flow 366.83
Net Debt (75.53)
Current Ratio 3.49
Debt/Equity 0.16
P/E ratio 12.34
Fwd P/E 12.30
P/S ratio 3.96
P/B ratio 2.01
Past 5Y EPS Growth 16.07% (at or above 15%: strong)
This Y EPS Growth 20.35% (at or above 15%: strong)
Next Y EPS Growth 2.60%
Next Y revenue growth 24.97% (at or above 10%: strong)
Next 5Y EPS Growth 12.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 0.50%
10-year low 10-year high
P/S against its own 10 years 17.38%
10-year low 10-year high
P/B against its own 10 years 0.46%
10-year low 10-year high

Dividends

Payout Ratio 0.35
Annual Dividend Rate 2.28
Annual Dividend Yield 2.79%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 2.19
0.54
0.60
0.60
2025 2.11
0.49
0.54
0.54
0.54
2024 1.92
0.45
0.49
0.49
0.49
2023 1.74
0.40
0.45
0.45
0.45
2022 1.55
0.35
0.40
0.40
0.40
2021 1.36
0.31
0.35
0.35
0.35
2020 1.21
0.28
0.31
0.31
0.31
2019 1.04
0.21
0.28
0.28
0.28
2018 0.81
0.18
0.21
0.21
0.21
2017 0.53
0.18
0.18
0.18
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 120 284 372 350
Receivables 108 181 152 228
Inventory — — — —
Other 8 16 24 24
247 492 561 612
2024 2025 2026 Q'26
Payables 22 26 28 30
ST’ Debt — — — —
Other 0 1 15 31
82 102 154 176

Compound Annual Growth %

10y 5y 3y
Sales 15.43% 17.31% 12.80%
Cash Flow 14.56% 17.69% 23.32%
Earnings 15.87% 20.51% 31.68%
Book Value 0.00% 36.09% 36.69%

Revenue $m

Jun Sep Dec Mar Year
’26 275 — — — —
’26 176 191 199 194 759
’25 197 150 168 198 713
’24 125 127 125 177 554
’23 136 153 127 113 529
’22 79 96 92 101 368
’21 70 84 85 103 342
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 77 — — — —
’26 129 119 74 103 425
’25 80 117 64 39 301
’24 58 78 (36) 22 121
’23 61 95 58 13 227
’22 32 52 69 17 170
’21 47 42 58 40 188
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 75 — — — —
’26 128 (75) 72 101 419
’25 78 96 81 36 291
’24 55 16 21 21 113
’23 59 94 57 12 222
’22 28 49 67 16 161
’21 46 41 51 30 169
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 1.93 — — — —
’26 1.28 1.69 1.37 1.57 5.92
’25 1.47 1.37 1.32 1.23 5.41
’24 0.81 1.11 0.51 1.26 3.69
’23 0.91 0.97 0.31 0.82 3.01
’22 0.78 1.41 1.40 0.39 3.98
’21 0.11 0.66 0.96 1.00 2.81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 17.32 30.52 34.79 36.27 74.11 55.81 62.47 103.42 111.98 71.88

Analyst estimates 2027–2029

Powerpack
High 36.01 54.59 64.64 84.55 116.00 105.23 116.98 203.72 179.19 155.66
People
People Employees 290 340 370 400 450 540 600 700 760 785
Revenue/emp, $m 0.62 0.72 0.68 0.69 0.76 0.68 0.88 0.79 0.94 0.97
Income, $m
Income, $m Revenue 180 244 252 274 342 368 529 554 713 759
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 75 140 130 141 193 314 243 282 362 463
EBT margin, % 41.57 57.22 51.38 51.36 56.55 85.26 45.88 50.86 50.81 60.99
Net income 74 106 99 127 169 247 187 227 314 388
Depreciation 2 2 3 3 4 5 7 8 9 10
Per share, $
Per share, $ Revenue 10.11 13.25 10.58 9.76 10.31 10.08 14.27 14.63 17.86 18.24
Earnings 0.03 0.94 1.41 2.17 2.82 4.02 3.05 3.72 5.45 5.99
Cash flow 4.59 5.25 4.68 4.14 5.68 4.64 6.11 3.19 7.54 10.21
Capex (0.07) (0.12) (0.23) (0.22) (0.59) (0.23) (0.13) (0.21) (0.25) (0.14)
Free cash flow 4.52 5.13 4.46 3.92 5.08 4.41 5.99 2.99 7.28 10.07
Book value 4.87 7.39 7.12 8.45 9.48 12.64 15.49 17.86 23.14 35.25
Shares, m 18 18 24 28 33 37 37 38 40 42
Valuation, ×
Valuation, × P/E 622.33 40.57 30.82 25.61 32.32 19.23 24.18 30.00 27.33 16.59
P/S 1.85 2.76 4.17 5.67 8.59 7.67 5.19 7.61 8.32 5.45
P/B 3.83 4.94 6.19 6.54 9.34 6.12 4.77 6.23 6.42 2.82
EV/Sales 2.13 2.90 4.24 5.75 8.81 7.93 5.37 7.75 8.33 5.33
EV/FCF 4.75 7.49 10.07 13.77 17.75 18.72 13.10 37.93 20.38 17.70
Cash, $m
Cash, $m Operating cash flow 82 97 112 116 188 170 227 121 301 425
Capex (1) (2) (5) (6) (20) (9) (5) (8) (10) (6)
Free cash flow 80 94 106 110 169 161 222 113 291 419
Balance, $m
Balance, $m Working capital 0 38 38 63 51 61 114 165 391 407
Total debt 84 84 71 75 163 171 214 196 290 278
Net debt 50 35 19 21 73 95 97 77 7 (93)
Shareholders’ equity 87 136 170 237 314 461 574 676 924 1,467
Returns, %
Returns, % ROA 0.28 6.49 10.26 14.58 12.18 12.01 8.96 11.68 14.68 12.47
ROIC 34.77 44.98 34.45 28.13 25.15 19.04 22.35 20.42 21.26 14.79
ROE (4.84) 15.57 21.96 29.88 35.54 37.64 21.07 22.53 27.18 20.85
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Hamilton Lane Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BXSL Blackstone Secured Lending Fund $5.6B 18.8× 11.4× −7.06% (below 0%: shrinking) −94.12% (below 0%: shrinking) +353.76% (above 0%: growing) 100.00% 85.77% Compare
MAAS Maase Inc. - Sponsored ADR $5.5B — (loss-making) — (loss-making) −60.12% (below 0%: shrinking) +62.50% (above 0%: growing) +82.86% (above 0%: growing) 0.00% 0.00% Compare
STEP StepStone Group Inc. $5.2B — (loss-making) 3.9× +4.01% (above 0%: growing) n/m −1,113.70% (below 0%: shrinking) 100.00% (54.06%) Compare
OBDC Blue Owl Capital Corporation $5.1B 18.1× 12.1× −17.39% (below 0%: shrinking) −51.85% (below 0%: shrinking) −45.84% (below 0%: shrinking) 100.00% 74.72% Compare
MAIN Main Street Capital Corporation $5.1B 10.8× 15.2× +3.89% (above 0%: growing) +15.33% (above 0%: growing) +13.70% (above 0%: growing) 100.00% 87.20% Compare
HASI HA Sustainable Infrastructure Capital, Inc. $4.7B 55.2× 29.3× +40.97% (above 0%: growing) +25.00% (above 0%: growing) −14.48% (below 0%: shrinking) 100.00% 80.56% Compare
HLNE Hamilton Lane Inc. $4.6B 12.3× 12.3× +56.48% (above 0%: growing) +49.23% (above 0%: growing) −40.94% (below 0%: shrinking) 100.00% 45.93%
OTF Blue Owl Technology Finance Corp. $4.3B 11.4× 26.7× +5.81% (above 0%: growing) −23.26% (below 0%: shrinking) +22.79% (above 0%: growing) 100.00% 82.00% Compare
FHI Federated Hermes, Inc. $4.2B 10.4× 11.3× +18.34% (above 0%: growing) +18.97% (above 0%: growing) +342.66% (above 0%: growing) 100.00% 26.43% Compare
Median of peers $5.1B 14.7× 12.1× +3.95% +15.33% +18.25% 100.00% 77.64%

All 120 Asset Management stocks →

Hamilton Lane Inc. (HLNE) key facts

  • Strength: Hamilton Lane Inc.’s revenue for fiscal 2026 (year ended March 2026) was $759.0 million, up 6.46% from fiscal 2025.
  • Strength: Net income was $387.7 million, or $5.99 per share (basic), a net margin of 32.8%.
  • Hamilton Lane Inc. (HLNE) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, HLNE traded at $81.84, a market capitalization of $4.6 billion.
  • At that price the stock trades at 12.3× trailing-twelve-month earnings and 4.0× sales; its P/E is higher than 1% of its own readings over the past ten years.
  • Hamilton Lane Inc. pays an annual dividend of $2.28 per share, a yield of 2.79%, with a payout ratio of 34.8%.
  • Return on equity was 20.9% and debt-to-equity 0.16.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/HLNE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com