Friday 6 November 2026 Export LAZ’s income statement to Excel — free account

Lazard, Inc.

LAZ Financial Capital Markets

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

Dividend growth 5 yrs

38.89 1.77 −4.35%

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Market cap: $3.8B
P/E: 22.0×
Fwd P/E: 22.9×
Dividend yield: 5.14%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Lazard, Inc. (LAZ) Price to free cash flow

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As of 5 November 2026, Lazard, Inc. (LAZ) trades at a price to free cash flow of 5.7×. Over the past ten years it has ranged from 3.1× (October 2022) to 33.5× (December 2023); the current reading is higher than 27% of that period. That is below the Capital Markets industry median of 9.3× and below the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/LAZ/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Lazard, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LAZ/metrics/price-to-free-cash-flow">Lazard, Inc. (LAZ) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	9.7×	81.03%
FY2024	5.4×	(77.16%)
FY2023	23.5×	450.56%
FY2022	4.3×	(23.74%)
FY2021	5.6×	(36.52%)
FY2020	8.8×	27.22%
FY2019	6.9×	2.94%
FY2018	6.7×	(27.37%)
FY2017	9.3×	6.09%
FY2016	8.7×	33.30%

Period	Price to free cash flow	Change
Sep 2026	5.3×	(17.17%)
Jun 2026	6.4×	(24.46%)
Mar 2026	8.5×	(12.52%)
Dec 2025	9.7×	(17.60%)
43 more quarters	Free account

Against its own ten years

Low 3.1× High 33.5×

Ten-year median 7.0×

Current reading's percentile 27

Company	Price to free cash flow
GLXY Galaxy Digital Inc. compare	n/m
FIGR Figure Technology Solutions, Inc. compare	n/m
MRX Marex Group PLC compare	2.0×
LAZ Lazard, Inc.	5.7×
PJT PJT Partners Inc. compare	6.2×
PIPR Piper Sandler Companies compare	9.3×
MC Moelis & Company compare	10.2×
BGC BGC Group, Inc. compare	13.2×
MIAX Miami International Holdings, Inc. compare	16.3×
Capital Markets industry median	9.3×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Lazard, Inc. (LAZ) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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