Hamilton Lane Incorporated (HLNE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hamilton Lane Incorporated

NasdaqGS•Financial Services•Asset Management

$88.30-1.58(-0.02%)After hours

Market Cap

$3.66B

P/E

13.3x

P/S

4.3x

P/B

3.9x

Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets. For primary and secondary fund of fund investments, the firm focuses to invest in private equity, buyout, special situations, credit, growth equity, middle market, mature, turnarounds, mezzanine and venture capital funds. The firm prefers to invest in disruptive technologies and innovative companies. It prefers to invest in space, engine, alternative energy resources, environmental & facilities services, households durables, leisure products, textiles, manufacturing services, water purification, online training service, healthcare services & technology, energy, industrials, commercial services, internet software & services, consumer discretionary, health care, real estate, information technology, tech-enabled businesses, financials, utilities, and consumer services. The firm prefers to invest in Africa/Middle East, Asia/Pacific, Europe, Southeast Asia, Korea, China, India, Latin America and Caribbean, United States of America, New York, Florida, Arizona, Nevada, New Mexico, Oregon, Washington, California and surrounding states, Australia, Japan, Brazil, United Kingdom, and Canada. The firm prefers to invest between $0.25 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake. Hamilton Lane Incorporated was founded in 1991 and is based in Philadelphia, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.

How this company scores

ExcellentMetricSide Score: 92/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability25/25

Growth23/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality23/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 13.3x5y range 13.3x – 63.9x

Currently below its 20-quarter median.

P/S · 4.3x5y range 4.3x – 15.9x

Currently below its 20-quarter median.

P/B · 3.9x5y range 3.9x – 19.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Share Dilution

Watch

Shares outstanding rose 4.5% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $3.66B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $858.37M
Q. Revenue: $275.33M
TTM EBITDA: $384.32M
TTM Op. Income: $374.44M
Q. Op. Income: $126.47M
TTM Net Income: $275.90M
Q. Net Income: $80.46M
EPS: $1.94
Shares Out.: $41.50M

$858.37M in TTM revenue grew 24.0% YoY, reaching $275.33M last quarter. TTM EBITDA of $384.32M and TTM operating income of $374.44M show growth is flowing through to the bottom line. TTM net income of $275.90M means revenue is converting into profit. Over the past year, TTM revenue is up 24% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 46.9%
Op. Margin: 45.9%
Net Margin: 29.2%

Op. margin of 45.9% is up 2.2% YoY — cost efficiency is improving. Net margin at 29.2% Over the past year, operating margin is up 5% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 13.3x
P/S Ratio: 4.3x
P/B Ratio: 3.9x

At 13.3x P/E, the stock trades below typical market levels. P/S of 4.3x and P/B of 3.9x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 5 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.54B
Cash: $349.73M
Long-Term Debt: $274.20M
Book Value: $939.28M
D/E Ratio: 0.3
Debt/EBITDA: 2.1

With $2.54B in assets and $274.20M in long-term debt, D/E is 0.3and book value is $939.28M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $77.15M
TTM Free Cash Flow: $366.83M
FCF Margin: 42.7%
FCF / Net Income: 1.3

TTM FCF of $366.83M on $77.15M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 9% — a weakening trend.