HLNE - Hamilton Lane Incorporated
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$144.00
DETAILS
HIGH:
$179.00
LOW:
$102.00
MEDIAN:
$148.00
CONSENSUS:
$144.00
UPSIDE:
59.43%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 759.0 | 713.0 | 553.8 | 528.8 | 367.9 | 341.6 | 274.0 | 252.2 | 244.0 | 179.8 | 180.8 | 155.4 | 139.8 |
| Cost of Revenue | 299.6 | 208.2 | 166.4 | 149.3 | 108.4 | 136.3 | 85.8 | 99.0 | 82.9 | 72.1 | 92.1 | 60.2 | 56.0 |
| Gross Profit | 459.4 | 504.7 | 387.4 | 379.4 | 259.5 | 205.3 | 188.3 | 153.2 | 161.2 | 107.7 | 88.7 | 95.2 | 83.8 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 132.1 | 188.2 | 141.6 | 139.4 | 90.0 | 49.6 | 71.9 | 49.0 | 38.2 | 31.6 | 26.9 | 26.9 | 24.8 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 132.1 | 188.2 | 141.6 | 139.4 | 90.0 | 49.6 | 71.9 | 49.0 | 38.2 | 31.6 | 26.9 | 26.9 | 24.8 |
| Operating Income | |||||||||||||
| Operating Income | 327.3 | 316.6 | 245.8 | 240.0 | 169.6 | 155.7 | 116.4 | 104.2 | 123.0 | 76.1 | 61.8 | 68.4 | 59.1 |
| Interest Expense | (15.0) | 13.3 | 11.2 | 8.6 | 4.6 | 2.5 | 2.8 | 3.0 | 6.0 | 14.6 | 12.6 | 5.9 | 8.5 |
| Interest Income | 11.1 | 8.1 | 10.0 | 5.1 | 0.5 | 1.7 | 0.7 | 0.3 | 0.5 | 0.3 | 0.2 | 0.1 | 0.1 |
| Profitability | |||||||||||||
| EBITDA | 327.3 | 384.9 | 301.0 | 258.7 | 323.8 | 159.9 | 146.9 | 135.6 | 147.5 | 91.2 | 71.4 | 79.7 | 77.3 |
| EBIT | 0 | 375.6 | 292.8 | 251.2 | 318.3 | 155.7 | 143.6 | 132.6 | 145.6 | 89.3 | 69.4 | 77.9 | 75.4 |
| Income Before Tax | 462.9 | 362.3 | 281.7 | 242.6 | 313.7 | 193.2 | 140.7 | 129.6 | 139.6 | 74.8 | 56.7 | 72.0 | 66.9 |
| Income Tax Expense | 75.2 | 48.5 | 54.5 | 55.4 | 66.4 | 24.4 | 14.0 | 30.6 | 33.3 | 0.3 | 0.9 | 0.5 | (0.1) |
| Net Income | 249.2 | 217.4 | 140.9 | 109.1 | 146.0 | 98.0 | 60.8 | 33.6 | 17.3 | 0.6 | 0 | 0 | 62.5 |
| Per Share Data | |||||||||||||
| EPS (Basic) | 6.72 | 5.45 | 3.72 | 3.05 | 4.02 | 2.82 | 2.17 | 1.41 | 0.94 | 0.03 | 3.35 | 4.19 | 3.66 |
| EPS (Diluted) | 4.57 | 5.41 | 3.69 | 3.01 | 3.98 | 2.81 | 2.14 | 1.38 | 0.91 | 0.03 | 3.35 | 4.19 | 3.66 |
| Shares Outstanding | 37.1 | 40.2 | 37.9 | 37.1 | 36.5 | 33.2 | 28.1 | 23.8 | 18.4 | 17.8 | 17.1 | 17.1 | 17.1 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 361.0 | 277.3 | 114.6 | 111.7 | 72.2 | 87.3 | 50.1 | 49.4 | 47.6 | 32.3 | 68.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 197.6 | 116.4 | 56.4 | 53.7 | 31.7 | 33.0 | 22.9 | 18.2 | 15.4 | 14.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 6.3 | 5.0 | 4.8 | 280.0 | 279.0 | 3.1 | 2.2 | 1.8 | 1.8 | 1.8 |
| Total Current Assets | 361.0 | 492.5 | 247.1 | 182.7 | 412.8 | 404.2 | 93.2 | 79.3 | 69.8 | 52.2 | 86.6 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 61.4 | 99.0 | 95.4 | 90.8 | 94.5 | 87.7 | 17.0 | 8.1 | 4.8 | 4.1 | 4.6 |
| Goodwill | 0 | 9.6 | 9.6 | 9.6 | 9.6 | 3.9 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 2.9 | 4.6 | 6.3 | 12.6 | 7.9 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 761.1 | 632.3 | 588.0 | 513.8 | 373.6 | 207.7 | 154.5 | 137.3 | 120.1 | 102.7 |
| Other Non-Current Assets | 0 | 16.8 | 20.3 | 29.3 | 6.7 | 7.2 | 17.7 | 11.0 | 8.5 | 3.0 | 2.7 |
| Total Non-Current Assets | 61.4 | 1,197.9 | 1,024.1 | 957.8 | 882.1 | 732.3 | 380.3 | 281.3 | 224.0 | 188.5 | 110.0 |
| Total Assets | 2,304.9 | 1,690.4 | 1,271.2 | 1,140.5 | 1,294.9 | 1,136.5 | 473.5 | 360.6 | 293.8 | 240.6 | 196.6 |
| Current Liabilities | |||||||||||
| Account Payables | 5.7 | 5.5 | 4.5 | 4.6 | 2.8 | 2.2 | 2.0 | 2.6 | 1.7 | 1.4 | 0.6 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 5.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5.7 | 293.2 | 247.4 | 210.0 | 223.4 | 225.0 | 114.8 | 95.0 | 51.6 | 14.5 | 10.0 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 0 | 290.3 | 196.2 | 213.5 | 171.3 | 163.2 | 74.5 | 71.0 | 84.2 | 84.3 | 243.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 832.7 | 105.0 | 72.7 | 64.0 | 80.5 | 82.8 | 32.9 | 21.2 | 15.8 | 10.0 | 10.1 |
| Total Non-Current Liabilities | 832.7 | 473.3 | 347.9 | 356.3 | 334.0 | 321.3 | 121.3 | 95.9 | 106.2 | 139.5 | 298.5 |
| Total Liabilities | 838.4 | 766.5 | 595.2 | 566.4 | 557.5 | 546.3 | 236.1 | 190.9 | 157.7 | 154.0 | 308.6 |
| Stockholders' Equity | |||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0 |
| Retained Earnings | 614.7 | 455.5 | 316.7 | 243.8 | 185.1 | 87.5 | 47.1 | 17.7 | 4.5 | 0.6 | 0 |
| Accumulated Other Comprehensive Income | 1.2 | (0.1) | 0 | 0 | 0 | 0 | (0.1) | 0.0 | 0 | (0.3) | (0.8) |
| Total Stockholders' Equity | 915.2 | 717.3 | 525.2 | 415.4 | 346.9 | 238.1 | 154.8 | 110.2 | 78.4 | 60.0 | (123.3) |
| Total Liabilities & Equity | 1,753.6 | 1,690.4 | 1,271.2 | 1,140.5 | 1,294.9 | 1,136.5 | 473.5 | 360.6 | 293.8 | 240.6 | 196.6 |
| Debt Metrics | |||||||||||
| Total Debt | 0 | 368.3 | 275.2 | 292.4 | 253.6 | 238.5 | 84.7 | 71.0 | 84.2 | 84.3 | 243.3 |
| Net Debt | (361.0) | 91.0 | 160.6 | 180.6 | 181.4 | 151.1 | 34.6 | 21.6 | 36.6 | 52.0 | 174.7 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 387.7 | 313.8 | 227.2 | 187.2 | 247.3 | 168.8 | 126.8 | 99.0 | 106.3 | 74.4 | 55.9 |
| Depreciation & Amortization | 9.9 | 9.3 | 8.2 | 7.4 | 5.5 | 4.1 | 3.3 | 3.0 | 1.9 | 1.9 | 2.0 |
| Stock-Based Compensation | 50.9 | 31.4 | 12.1 | 9.9 | 7.4 | 7.1 | 7.2 | 6.4 | 5.5 | 4.7 | 3.7 |
| Change in Working Capital | 0 | (60.9) | (42.4) | (23.8) | (26.9) | 29.1 | (14.9) | (4.6) | (35.3) | (1.7) | 46.3 |
| Other Non-Cash Items | (52.0) | (4.9) | (101.0) | 25.4 | (87.7) | (28.0) | (13.9) | (13.8) | (4.7) | 2.3 | 0.6 |
| Operating Cash Flow | 424.9 | 300.8 | 120.9 | 226.6 | 169.5 | 188.2 | 116.4 | 111.6 | 96.7 | 81.7 | 109.2 |
| Investing Activities | |||||||||||
| Capital Expenditure | 0 | (12.2) | (11.1) | (4.7) | (8.5) | (19.6) | (6.2) | (5.4) | (2.3) | (1.3) | (0.9) |
| Acquisitions | 0 | (46.3) | 0 | (1.5) | (10.1) | (0.3) | 3.5 | 10.6 | (5.2) | 0 | 0 |
| Purchases of Investments | (449.8) | (89.8) | (64.2) | (121.6) | (92.2) | (436.4) | (57.7) | (46.0) | (30.3) | (24.2) | (18.2) |
| Sales/Maturities of Investments | 0 | 6.9 | 2.1 | 292.4 | 12.6 | 0.3 | 6.4 | 22.5 | 0 | 0 | 0 |
| Other Investing Activities | (45.0) | 23.8 | (49.0) | 13.3 | 27.7 | 34.3 | 4.0 | (0.9) | 16.1 | 8.8 | 21.6 |
| Investing Cash Flow | (494.8) | (117.6) | (122.2) | 177.9 | (70.5) | (421.8) | (49.9) | (19.2) | (21.8) | (16.7) | 2.5 |
| Financing Activities | |||||||||||
| Net Debt Issuance | 0 | 93.9 | (17.5) | 42.2 | 8.1 | 88.6 | 3.5 | (13.3) | (2.0) | (162.6) | 132.3 |
| Stock Repurchased | 0 | (253.9) | (3.5) | (280.5) | (3.5) | (6.0) | (5.9) | (5.4) | (6.5) | 0 | 0 |
| Dividends Paid | 0 | (119.8) | (109.3) | (135.9) | (97.3) | (74.0) | (76.4) | (69.3) | (46.5) | (80.5) | (67.8) |
| Other Financing Activities | 0 | 8.9 | (67.0) | 8.1 | (94.3) | (487.2) | 12.8 | (2.5) | (130.0) | (61.4) | (174.6) |
| Financing Cash Flow | 0 | (19.6) | 4.4 | (364.1) | (113.2) | 270.7 | (64.7) | (90.2) | (59.7) | (101.2) | (110.1) |
| Cash Position | |||||||||||
| Net Change in Cash | 0 | 164.0 | 3.1 | 40.4 | (14.2) | 37.2 | 1.6 | 2.2 | 15.2 | (36.2) | 1.6 |
| Cash at Beginning | 0 | 119.6 | 116.6 | 76.2 | 90.4 | 53.2 | 51.6 | 49.4 | 34.1 | 70.4 | 68.8 |
| Cash at End | 0 | 283.6 | 119.6 | 116.6 | 76.2 | 90.4 | 53.2 | 51.6 | 49.4 | 34.1 | 70.4 |
| Free Cash Flow | 424.9 | 288.7 | 109.8 | 221.8 | 161.0 | 168.5 | 110.2 | 106.3 | 94.4 | 80.4 | 108.3 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 759.0 | 713.0 | 553.8 | 528.8 | 367.9 | 341.6 | 274.0 | 252.2 | 244.0 | 179.8 | 180.8 | 155.4 | 139.8 |
| Gross Profit | 459.4 | 504.7 | 387.4 | 379.4 | 259.5 | 205.3 | 188.3 | 153.2 | 161.2 | 107.7 | 88.7 | 95.2 | 83.8 |
| Operating Income | 327.3 | 316.6 | 245.8 | 240.0 | 169.6 | 155.7 | 116.4 | 104.2 | 123.0 | 76.1 | 61.8 | 68.4 | 59.1 |
| Net Income | 249.2 | 217.4 | 140.9 | 109.1 | 146.0 | 98.0 | 60.8 | 33.6 | 17.3 | 0.6 | 0 | 0 | 62.5 |
| EPS (Diluted) | 4.57 | 5.41 | 3.69 | 3.01 | 3.98 | 2.81 | 2.14 | 1.38 | 0.91 | 0.03 | 3.35 | 4.19 | 3.66 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 361.0 | 277.3 | 114.6 | 111.7 | 72.2 | 87.3 | 50.1 | 49.4 | 47.6 | 32.3 | 68.6 | ||
| Total Assets | 2,304.9 | 1,690.4 | 1,271.2 | 1,140.5 | 1,294.9 | 1,136.5 | 473.5 | 360.6 | 293.8 | 240.6 | 196.6 | ||
| Total Debt | 0 | 368.3 | 275.2 | 292.4 | 253.6 | 238.5 | 84.7 | 71.0 | 84.2 | 84.3 | 243.3 | ||
| Stockholders' Equity | 915.2 | 717.3 | 525.2 | 415.4 | 346.9 | 238.1 | 154.8 | 110.2 | 78.4 | 60.0 | (123.3) | ||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 424.9 | 300.8 | 120.9 | 226.6 | 169.5 | 188.2 | 116.4 | 111.6 | 96.7 | 81.7 | 109.2 | ||
| Capital Expenditure | 0 | (12.2) | (11.1) | (4.7) | (8.5) | (19.6) | (6.2) | (5.4) | (2.3) | (1.3) | (0.9) | ||
| Free Cash Flow | 424.9 | 288.7 | 109.8 | 221.8 | 161.0 | 168.5 | 110.2 | 106.3 | 94.4 | 80.4 | 108.3 | ||