Lazard Inc（LAZ）の財務LAZLazard Inc

Lazard, Inc. (LAZ) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Asset Management, accounting for 54.2% of total sales, equivalent to $409.76M. Other significant revenue streams include Financial Advisory and Corporate. Understanding this composition is critical for investors evaluating how LAZ navigates market cycles within the Investment Management & Fund Operators industry.

Evaluating the bottom line, Lazard, Inc. maintains a gross margin of 96.96%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -1.48%, while the net margin is 1.85%. These profitability ratios, combined with a Return on Equity (ROE) of 26.45%, provide a clear picture of how effectively LAZ converts its operational activities into shareholder value.

In the context of the broader market, LAZ competes directly with industry leaders such as PJT and MIAX. With a market capitalization of $3.55B, it holds a leading position in the sector. When comparing efficiency, LAZ's gross margin of 96.96% stands against PJT's N/A and MIAX's 37.83%. Such benchmarking helps identify whether Lazard, Inc. is trading at a premium or discount relative to its financial performance.

Lazard's Q2 2026 earnings report showed a net income of only $5 million, a 91% decline from the previous year, despite a slight revenue increase of 1% year-over-year to $808 million. The gross margin remains high at 96.96%, indicating strong operational efficiency, but the overall profitability is concerning.