YOLFTbeta
Lazard Ltd

Lazard Ltd

LAZ · NYSE · Financial Services / Capital Markets

40.40USD-0.47 (-1.15%)

Price History

Full chart

Market Stats

Previous Close40.87
Open41.00
Day Range39.97 – 41.50
52-Week Range35.16 – 57.45
Volume1.08M
Market Cap3.49B
P/E (TTM)17.63
Forward P/E10.39
EPS2.03
Dividend Yield5.45%
Beta1.42
50-Day Avg41.91
200-Day Avg45.88

About

Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers and retail; financial institutions; financial sponsors; healthcare and life sciences; industrials; media, entertainment, and sports; power, energy, and infrastructure; real estate; technology; and telecom and digital infrastructure. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Peter R. Orszag
  • Employees3.28K
  • Headquarters30 Rockefeller Plaza, New York, NY, United States, 10112, USA
  • Websitehttps://www.lazard.com

Leadership

  • Mr. Peter R. OrszagCEO & Chairman · b. 1969
  • Ms. Alexandra SotoChief Operating Officer · b. 1968
  • Mr. Christian A. WeidemanGeneral Counsel · b. 1976
  • Mr. Christopher Edward Geroge HogbinChief Executive Officer of Lazard Asset Management LLC
  • Mr. Raymond J. McGuirePresident & Co-Head of Financial Advisory in North America · b. 1957
  • Mr. Tracy Lyle FarrChief Financial Officer · b. 1984
  • Mr. Michael GathyMD & Chief Accounting Officer
  • Mr. Pierre TattevinManaging Director · b. 1957
  • Ms. Shannon HoustonGlobal Head of Communications & Marketing
  • Mr. David S. KurtzVice Chairman of U.S. Investment Banking & Head of Global Restructuring

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue--1.23B1.09B1.30B1.49B1.92B1.56B1.53B1.98B1.91B1.99B2.06B2.36B2.40B2.38B2.69B2.87B2.65B2.64B3.27B2.83B2.55B3.09B3.19B
Growth (%)----11.25%+18.87%+14.76%+28.40%-18.80%-1.71%+29.51%-3.89%+4.36%+3.62%+14.45%+1.77%-0.88%+13.13%+6.73%-7.68%-0.38%+23.75%-13.54%-9.71%+20.98%+3.25%
Cost of Revenue--780.04M899.61M787.89M979.36M1.28B1.28B1.45B1.19B1.17B1.35B1.28B1.31B1.32B1.34B1.51B1.51B1.56B1.55B1.90B1.66B1.95B2.00B2.17B
Gross Profit--453.51M1.27B513.55M514.20M633.49M273.96M83.27M787.94M736.08M636.88M781.49M1.04B1.08B1.04B1.18B1.36B1.09B1.09B1.37B1.17B605.13M1.08B1.01B
Gross Margin--36.76%116.39%39.46%34.43%33.03%17.59%5.44%39.75%38.64%32.04%37.94%44.28%45.00%43.64%43.77%47.25%41.03%41.29%41.99%41.38%23.72%35.09%31.79%
Operating Expense--203.13M986.10M171.19M186.99M215.19M248.82M265.50M544.29M500.58M512.99M564.69M524.59M1.10B520.43M352.37M676.21M695.08M588.28M648.56M652.34M685.09M696.62M597.67M
Operating Income305.78M297.45M250.38M288.21M342.36M327.21M418.30M25.14M-182.23M243.65M235.50M123.89M216.81M519.47M-16.62M517.46M825.45M680.77M392.70M502.14M723.85M516.85M-79.96M386.47M415.32M
Operating Margin--20.30%26.32%26.31%21.91%21.81%1.61%-11.91%12.29%12.36%6.23%10.52%22.03%-0.69%21.76%30.68%23.71%14.81%19.01%22.15%18.29%-3.13%12.52%13.03%
EBITDA305.78M297.45M250.38M336.76M315.70M347.45M593.66M190.46M-46.81M371.94M362.12M244.66M341.05M622.89M73.14M636.26M919.98M757.45M527.87M619.66M842.99M640.77M40.90M511.27M449.41M
EBITDA Margin--20.30%30.76%24.26%23.26%30.96%12.23%-3.06%18.76%19.01%12.31%16.56%26.42%3.05%26.75%34.19%26.38%19.91%23.46%25.79%22.68%1.60%16.57%14.10%
Net Income305.78M297.45M250.38M246.97M143.49M92.98M155.04M3.14M-130.24M174.98M174.92M84.31M160.21M427.28M986.37M387.70M253.58M527.13M286.50M402.46M528.06M357.52M-75.48M279.91M236.83M
Net Income Margin--20.30%22.56%11.03%6.23%8.08%0.20%-8.51%8.83%9.18%4.24%7.78%18.12%41.11%16.30%9.42%18.36%10.81%15.24%16.16%12.65%-2.96%9.07%7.43%
R&D---------0000000.220.30.240.150.190.220.180.03--
R&D as % of Total Revenue---------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense00039.55M78.36M104.25M137.11M139.90M107.89M97.71M90.13M81.56M79.38M62.57M51.16M50.29M53.52M58.48M80.19M80.63M80.77M81.52M77.67M88.07M87.62M
Interest Expense % of Total Revenue--0.00%3.61%6.02%6.98%7.15%8.98%7.05%4.93%4.73%4.10%3.85%2.65%2.13%2.11%1.99%2.04%3.02%3.05%2.47%2.89%3.04%2.85%2.75%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.57B2.46B3.26B3.50B1.91B3.21B3.84B2.86B3.14B3.42B3.08B2.99B3.01B3.35B4.49B4.56B4.93B5.00B5.66B5.97B7.15B5.85B4.64B4.79B4.94B
Total Liabilities-1.81B2.72B2.94B2.67B3.39B3.72B2.55B2.62B2.63B2.22B2.34B2.38B2.58B3.12B3.26B3.67B4.03B4.98B4.97B5.49B4.59B4.07B4.03B3.95B
Total Equity704.70M648.91M535.73M384.80M-870.67M-240.35M70.34M250.58M355.39M652.40M726.14M569.66M630.00M769.47M1.37B1.29B1.26B970.09M609.99M911.77M1.65B1.26B423.76M636.24M873.65M
Cash--315.82M273.67M492.31M969.48M1.06B909.71M917.33M1.57B1.29B850.19M841.48M1.07B1.13B1.16B1.48B1.25B1.23B1.39B1.47B1.23B971.32M1.31B1.50B
Total Debt---422.32M1.25B1.31B1.76B1.09B1.24B1.23B1.08B1.08B1.05B1.05B2.73B1.71B1.51B1.71B2.32B2.29B2.34B2.35B2.18B2.19B2.58B
Net Debt---148.66M753.62M343.02M708.78M354.87M200.37M-316.48M93.14M244.52M206.87M-18.23M-133.73M29.82M-293.45M187.72M1.09B899.83M772.73M966.63M1.20B884.32M1.07B

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow206.52M426.28M893.60M238.04M71.73M505.89M244.78M168.80M397.80M481.91M526.70M736.02M887.30M632.60M1.03B699.04M677.95M575.93M866.08M833.98M164.66M742.83M537.18M
Investing Cash Flow53.98M-10.30M3.88M-8.19M-222.82M-151.93M-96.56M411.73M-45.28M-84.93M-54.55M-20.10M-25.95M-37.65M-26.92M-46.21M-42.25M-62.94M-39.06M-56.44M-38.32M134.07M-78.28M
Financing Cash Flow--469.89M-697.70M229.89M243.27M-437.01M-165.56M-277.89M-552.36M-563.22M-487.07M-435.37M-746.80M-486.95M-740.39M-726.10M-444.05M-547.35M195.84M-1.38B-1.57B-439.67M-467.34M
Capital Expenditure56.23M19.01M7.82M8.19M14.53M18.51M11.91M13.38M46.44M89.30M60.96M22.18M26.63M38.75M27.67M49.59M42.76M64.29M39.70M49.51M28.30M45.50M31.95M
Free Cash Flow-407.27M885.79M229.85M57.20M487.38M232.86M155.42M351.36M392.61M465.73M713.83M860.67M562.54M987.77M649.45M635.20M511.64M826.38M784.47M136.37M697.33M505.23M
Dividends Paid--593.88M13.48M18.31M100.64M33.45M50.58M70.57M135.11M121.62M146.24M290.68M336.14M341.45M359.64M254.92M196.60M195.94M181.88M173.07M179.02M186.58M
FCF to OCF-95.54%99.13%96.56%79.75%96.34%95.13%92.07%88.33%81.47%88.43%96.99%97.00%88.92%95.98%92.91%93.69%88.84%95.42%94.06%82.82%93.88%94.05%
Dividend Paid to FCF--67.05%5.86%32.00%20.65%14.37%32.55%20.09%34.41%26.11%20.49%33.77%59.75%34.57%55.38%40.13%38.42%23.71%23.18%126.92%25.67%36.93%

Earnings

Report DateJun 15, 2005Aug 10, 2005Nov 9, 2005Feb 8, 2006May 9, 2006Aug 2, 2006Nov 1, 2006Feb 7, 2007May 8, 2007Aug 1, 2007Oct 31, 2007Jan 30, 2008May 6, 2008Jul 30, 2008Oct 29, 2008Feb 4, 2009Apr 28, 2009Jul 29, 2009Oct 28, 2009Feb 3, 2010Apr 27, 2010Jul 28, 2010Oct 27, 2010Feb 2, 2011Apr 27, 2011Jul 28, 2011Oct 27, 2011Feb 6, 2012Apr 27, 2012Jul 26, 2012Oct 25, 2012Feb 7, 2013Apr 26, 2013Jul 25, 2013Oct 24, 2013Feb 5, 2014May 1, 2014Jul 24, 2014Oct 23, 2014Feb 5, 2015Apr 23, 2015Jul 23, 2015Oct 22, 2015Feb 2, 2016Apr 21, 2016Jul 28, 2016Oct 27, 2016Feb 2, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Feb 1, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Feb 5, 2019Apr 25, 2019Jul 25, 2019Oct 31, 2019Jan 30, 2020Apr 30, 2020Jul 31, 2020Oct 29, 2020Feb 5, 2021Apr 30, 2021Jul 30, 2021Oct 29, 2021Feb 3, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Feb 2, 2023Apr 28, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024Apr 25, 2024Jul 25, 2024Oct 31, 2024Jan 30, 2025Apr 25, 2025Jul 24, 2025Oct 23, 2025Jan 29, 2026May 1, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate0.250.330.370.490.470.500.460.620.620.500.650.950.480.510.470.430.310.130.370.450.350.400.420.640.460.520.430.380.230.290.220.340.320.340.370.610.540.570.641.070.700.770.900.870.640.580.750.990.790.800.750.901.040.920.930.930.690.680.760.820.660.370.460.970.890.880.951.430.880.860.810.810.260.110.160.360.550.350.390.520.230.400.440.690.510.420.60
EPS Actual0.310.320.520.570.510.590.340.780.470.530.731.040.140.540.440.50-0.260.340.41-0.460.460.390.460.760.430.480.390.010.330.250.260.610.280.450.460.810.610.640.671.290.770.980.930.920.500.610.851.130.830.980.851.121.261.100.860.940.870.730.760.910.580.670.671.660.871.280.981.921.050.921.050.69-0.260.240.100.660.660.520.380.780.560.520.560.800.420.12-
Surprise24.00%-3.03%40.54%16.33%8.51%18.00%-26.09%25.81%-24.19%6.00%12.31%9.47%-70.83%5.88%-6.38%16.28%-183.87%161.54%10.81%-202.22%31.43%-2.50%9.52%18.75%-6.52%-7.69%-9.30%-97.37%43.48%-13.79%18.18%79.41%-12.50%32.35%24.32%32.79%12.96%12.28%4.69%20.56%10.00%27.27%3.33%5.75%-21.88%5.17%13.33%14.14%5.06%22.50%13.33%24.44%21.15%19.57%-7.53%1.08%26.09%7.35%0.00%10.98%-12.12%81.08%45.65%71.13%-2.25%45.45%3.16%34.27%19.32%6.98%29.63%-14.81%-200.00%118.18%-37.50%83.33%20.00%48.57%-2.56%50.00%143.48%30.00%27.27%15.94%-17.65%-71.43%-
Timing-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market--Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap3.49B
Enterprise Value4.44B
Trailing P/E17.63
Forward P/E10.39
PEG Ratio1.00
Price / Sales1.09
Price / Book3.90
EPS2.03
Book Value9.38
Revenue (TTM)3.20B
Gross Profit (TTM)2.86B
Profit Margin7.09%
Operating Margin4.83%
Return on Equity25.67%
Return on Assets5.46%
Shares Outstanding97.45M
Shares Float96.50M
Beta1.42
Dividend Yield5.45%
Dividend Rate2.00
Payout Ratio105.26%

Analyst Ratings

Hold
Based on 8 analystsTarget 47.38
  • Strong Buy
    2
  • Buy
    1
  • Hold
    3
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
105.50%
Insiders
0.90%
Retail / Other
0.00%

Top Institutional Holders

  • FMR Inc
    10.61M10.89%
  • T. Rowe Price Associates, Inc.
    9.60M9.85%
  • BlackRock Inc
    7.58M7.78%
  • Ariel Investments, LLC
    5.76M5.91%
  • Vanguard Capital Management, LLC
    4.96M5.09%
  • Vanguard Portfolio Management, LLC
    4.95M5.08%
  • Geode Capital Management, LLC
    2.46M2.53%
  • Capital Research Global Investors
    2.24M2.30%
  • Ameriprise Financial Inc
    2.15M2.21%
  • Fisher Asset Management, LLC
    2.15M2.20%
  • Dimensional Fund Advisors, Inc.
    2.07M2.13%
  • State Street Corp
    1.88M1.93%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.80M6.97%
  • T. Rowe Price Mid-Cap Value
    4.41M4.53%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.56M3.66%
  • Fidelity Low-Priced Stock
    2.88M2.96%
  • Vanguard Small Cap Index
    2.57M2.64%
  • iShares Select Dividend ETF
    2.37M2.43%
  • Ariel Fund Investor
    2.37M2.43%
  • American Funds SMALLCAP World A
    2.18M2.24%

Dividends

20264×
0.50Nov 2, 20260.50Aug 3, 20260.50May 11, 20260.50Feb 9, 2026
20254×
0.50Nov 3, 20250.50Aug 4, 20250.50May 5, 20250.50Feb 10, 2025
20244×
0.50Nov 8, 20240.50Aug 5, 20240.50May 3, 20240.50Feb 9, 2024
20234×
0.50Nov 3, 20230.50Aug 4, 20230.50May 5, 20230.50Feb 10, 2023
20224×
0.50Nov 4, 20220.50Aug 5, 20220.47May 6, 20220.47Feb 11, 2022
20214×
0.47Nov 5, 20210.47Aug 6, 20210.47May 7, 20210.47Feb 18, 2021