HLNENasdaqInvestment AdviceFiscal year ends March 31
Hamilton Lane INC
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$82.26+0.42 (+0.51%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2026
Net margin
32.8%+4.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.5% | +12.8% | +17.3% | – | |
| Net income | +14.6% | +31.7% | +20.5% | – | |
| Free cash flow | +45.2% | +23.6% | +19.8% | +14.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 49.9% | 30.5% | |
| Return on assets | – | 12.2% | 12.5% | |
| Capex to revenue | 0.7% | 5.5% | 0.8% |
Where the cash went
Fiscal 2022 to 2026, five years combined
Hamilton Lane generated $1.24B from operations and spent $393.50M on capital expenditure, dividends and share buybacks. 11% of that went back into the business.
Generated
$1.24B
Used
$393.50M
Capital expenditure$42.35M11%Dividends$351.15M89%Share buybacks$5.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin32.8%
×Asset turnover0.38×
×Equity multiplier2.45×
=Return on equity, FY202630.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 32.8% | 0.38× | 2.45× | 30.5% |
| FY2025 | 30.5% | 0.48× | 2.38× | 35.0% |
| FY2024 | 25.4% | 0.46× | 2.56× | 30.0% |
| FY2023 | 20.6% | 0.43× | 3.19× | 28.6% |
| FY2022 | 39.7% | 0.30× | 4.16× | 49.9% |
| FY2021 | 28.7% | 0.42× | 4.10× | 49.9% |
| FY2020 | 22.2% | 0.66× | 3.15× | 45.9% |
| FY2019 | 13.3% | 0.77× | 3.47× | 35.6% |
| FY2018 | 7.1% | 0.91× | 3.86× | 25.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 5 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$249.18M
- Cash generatingOperating cash flow above zero$424.92M
- Return on assets improvedROA up on the prior year17.1% → 14.7%
- Earnings backed by cashOperating cash flow above net income$424.92M vs $249.18M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.56 → 0.45