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

38.89 0.36 +0.93%
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

Lazard, Inc. (LAZ) Return on invested capital

Alert me on Return on invested capital

Lazard, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 14.2%, down 7.9 percentage points from fiscal 2025 (22.1%). Over the past ten years it has ranged from −5.27% (fiscal 2023) to 378.3% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 22.1% (9.60)
FY2024 31.7% 36.93
FY2023 −5.27% (5.27)
FY2022 0.00% 0.00
FY2021 0.00% (276.88)
FY2020 276.9% 276.88
FY2019 0.00% (378.31)
FY2018 378.3% 378.31
FY2017 0.00% (36.96)
FY2016 37.0% 38.24

Against its own ten years

Low −5.27% High 378.3%
Ten-year median 0.00%
Current reading's percentile 64

Return on invested capital against peers

Company Return on invested capital
MC Moelis & Company compare 41.8%
MIAX Miami International Holdings, Inc. compare 21.2%
FIGR Figure Technology Solutions, Inc. compare 14.9%
LAZ Lazard, Inc. 14.2%
BGC BGC Group, Inc. compare 10.2%
PIPR Piper Sandler Companies compare 0.00%
PJT PJT Partners Inc. compare 0.00%
MRX Marex Group PLC compare 0.00%
GLXY Galaxy Digital Inc. compare −7.30%
Capital Markets industry median 0.00%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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