Hamilton Lane Inc key statistics and ratios

In fiscal 2026, Hamilton Lane Inc had return on equity of 30.5%, a net margin of 32.8% and debt equal to 30.4% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hamilton Lane Inc: financial ratios, annual
Fiscal year	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Net margin	—	7.1%	13.3%	22.2%	28.7%	39.7%	20.6%	25.4%	30.5%	32.8%	32.1%
Free-cash-flow margin	44.7%	38.7%	42.1%	41.7%	49.6%	43.8%	42.0%	19.8%	40.5%	55.2%	42.7%
Return on equity	—	25.0%	35.6%	45.9%	49.9%	49.9%	28.6%	30.0%	35.0%	30.5%	29.8%
Return on assets	—	6.5%	10.3%	14.6%	12.2%	12.0%	9.0%	11.7%	14.7%	12.5%	11.4%
Asset turnover	0.75	0.91	0.77	0.66	0.42	0.30	0.43	0.46	0.48	0.38	0.35
Debt to equity	140.4%	107.3%	64.4%	48.3%	68.5%	61.6%	51.4%	37.4%	40.5%	30.4%	29.2%
Effective tax rate	0.4%	23.9%	23.6%	9.9%	12.6%	21.2%	22.8%	19.3%	13.4%	16.2%	15.8%
Capital spending as % of revenue	0.7%	0.9%	2.1%	0.7%	5.5%	2.3%	0.9%	2.0%	1.7%	0.8%	0.7%
Free cash flow ÷ net income	—	544.6%	316.5%	188.1%	172.9%	110.3%	203.3%	77.9%	132.8%	168.2%	133.0%
Dividends ÷ net income	—	54.8%	55.6%	47.8%	40.5%	34.0%	66.4%	46.4%	35.0%	35.2%	32.6%
Dividends and buybacks ÷ free cash flow	0.0%	10.1%	17.6%	25.4%	23.4%	30.8%	32.6%	59.6%	26.3%	20.9%	24.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Hamilton Lane Inc: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Net margin	36.7%	31.5%	25.5%	30.5%	37.1%	29.4%	34.2%	29.2%
Free-cash-flow margin	77.2%	34.9%	18.1%	72.5%	61.7%	36.5%	52.3%	27.4%
Debt to equity	32.1%	45.0%	40.5%	38.0%	34.6%	31.9%	30.4%	29.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: HLNE vs VRTS AAMI vs HLNE HLNE vs WT APAM vs HLNE

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

Figures from Hamilton Lane Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hamilton Lane Inc.