stockrowLazard, Inc.
Lazard, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 1.54% from fiscal 2024.
- Revenue
- +8.84%
- EPS
- −62.0%
- Free cash flow
- +9.21%
- Total debt
- +0.18%
Quarter to September 2026, against a year earlier
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Lazard, Inc. (LAZ) Debt to equity
Lazard, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.8×, down 0.1× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 0.7× (fiscal 2015) to 3.5× (fiscal 2023); the current reading is higher than 64% of that period. That is above the Capital Markets industry median of 0.1× and above the Financial sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.9× | (24.72%) |
| FY2024 | 2.5× | (29.75%) |
| FY2023 | 3.5× | 40.28% |
| FY2022 | 2.5× | 59.84% |
| FY2021 | 1.6× | (7.15%) |
| FY2020 | 1.7× | (31.67%) |
| FY2019 | 2.5× | 66.67% |
| FY2018 | 1.5× | 56.36% |
| FY2017 | 0.9× | 2.93% |
| FY2016 | 0.9× | 25.81% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.8× | (3.78%) |
| Jun 2026 | 1.9× | (3.51%) |
| Mar 2026 | 1.9× | 3.92% |
| Dec 2025 | 1.9× | (3.01%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| PJT PJT Partners Inc. compare | 0.0× |
| PIPR Piper Sandler Companies compare | 0.0× |
| MC Moelis & Company compare | 0.0× |
| MIAX Miami International Holdings, Inc. compare | 0.0× |
| FIGR Figure Technology Solutions, Inc. compare | 0.7× |
| GLXY Galaxy Digital Inc. compare | 1.1× |
| BGC BGC Group, Inc. compare | 1.4× |
| LAZ Lazard, Inc. | 1.8× |
| MRX Marex Group PLC compare | 5.0× |
| Capital Markets industry median | 0.1× |
| Financial sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on LAZ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement