Lazard vs Virtu Financial
Lazard and Virtu Financial are similar in size: $3.19bn and $3.63bn of revenue in their latest fiscal years. Virtu Financial grew faster (26.2% against 1.5%). Virtu Financial kept more of each dollar of sales as profit: a net margin of 12.9% against 7.4%. Virtu Financial carries less debt relative to equity (130.7% against 195.6%).
| Latest fiscal year | LazardLAZ, 2025 | Virtu FinancialVIRT, 2025 |
|---|---|---|
| Revenue | $3.19bn | $3.63bn |
| Revenue growth | 1.5% | 26.2% |
| Net income | $237m | $468m |
| Operating margin | 10.3% | — |
| Net margin | 7.4% | 12.9% |
| Return on equity | 31.5% | 58.4% |
| Free cash flow | $487m | $496m |
| Cash | $1.47bn | $1.06bn |
| Total debt | $1.70bn | $2.07bn |
| Debt to equity | 195.6% | 130.7% |
| Dividend per share | $2.00 | — |
| Dividend yield | 4.6% | — |
| Share buybacks | $91.0m | $1.6m |
| Employees | 3,309 | 1,027 |
| Market value | $4.11bn | $4.65bn |
| Price vs our value range | — | — |
| Moat score | 51 (Moderate) | 71 (Strong) |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 19 sales |