Compare
Lazard, Inc. vs Houlihan Lokey, Inc. vs Morningstar, Inc. vs Invesco Ltd.
| Latest fiscal year | Lazard, Inc. LAZ | Houlihan Lokey, Inc. HLI | Morningstar, Inc. MORN | Invesco Ltd. IVZ |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2026-03-31 | 2025-12-31 | 2025-12-31 |
| Revenue | $3.10B | $2.62B | $2.45B | $6.38B |
| Revenue growth (YoY) | +1.5% | +9.5% | +7.5% | +5.1% |
| Gross margin | n/a | n/a | 61.0% (computed) | n/a |
| Operating margin | 10.6% | 20.1% | 21.5% | -10.9% |
| Net margin | 7.6% | 16.2% | 15.3% | -2.7% |
| Net income | $236.83M | $424.17M | $374.20M | -$174.80M |
| EPS (Diluted) | $2.17 | $6.22 | $8.87 | -$1.60 |
| Operating cash flow | $519.33M | $704.13M | $589.70M | $1.53B |
| Free cash flow | $487.38M | $681.82M | $442.60M | $1.44B |
| Cash & equivalents | $1.47B | $1.19B | $474.50M | $1.04B |
| Total assets | $4.94B | $4.31B | $3.59B | $27.09B |
| Total liabilities | $3.95B | $1.86B | $2.37B | $14.09B |
| Shareholders' equity | $910.75M | $2.34B | $1.22B | $12.93B |
| Return on year-end equity | 26.0% | 18.1% | 30.6% | -1.4% |
| Shares outstanding | n/a | n/a | 39.74M | 444.00M |
Revenue, most recent five fiscal years
| Fiscal year | Lazard, Inc. | Houlihan Lokey, Inc. | Morningstar, Inc. | Invesco Ltd. |
|---|---|---|---|---|
| Latest | $3.10B Ended 2025-12-31 | $2.62B Ended 2026-03-31 | $2.45B Ended 2025-12-31 | $6.38B Ended 2025-12-31 |
| 1 year earlier | $3.05B Ended 2024-12-31 | $2.39B Ended 2025-03-31 | $2.28B Ended 2024-12-31 | $6.07B Ended 2024-12-31 |
| 2 years earlier | $2.52B Ended 2023-12-31 | $1.91B Ended 2024-03-31 | $2.04B Ended 2023-12-31 | $5.72B Ended 2023-12-31 |
| 3 years earlier | $2.77B Ended 2022-12-31 | $1.81B Ended 2023-03-31 | $1.87B Ended 2022-12-31 | $6.05B Ended 2022-12-31 |
| 4 years earlier | $3.19B Ended 2021-12-31 | $2.27B Ended 2022-03-31 | $1.70B Ended 2021-12-31 | $6.89B Ended 2021-12-31 |