Hamilton Lane Incorporated's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Hamilton Lane Incorporated (HLNE) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Hamilton Lane Incorporated vs Its Competitors
- TTM: Trailing 12-month revenue of 909M vs -M combined for its competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-10.1% annualized vs trailing 12 months).
- Scale: Hamilton Lane Incorporated ranks #52 of 90 companies by market capitalization in the Investment Services industry, holding 0.2% of industry market cap.
- Peer revenue share: Hamilton Lane Incorporated accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $1.30M compares with $0.39M for the peer group (3.4x).
- Structure: Hamilton Lane Incorporated reports the following subsidiaries: Hamilton Lane Credit Income Fund, Hamilton Lane Private Assets Fund, Hamilton Lane Private Secondary Fund, HL Scope RIC LLC.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HLNE Sales vs. its Competitors, Q2 2026
Hamilton Lane Incorporated generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
API endpoints for this dataset
For context: the Investment Services industry grew revenue -3.0% year over year, combined, vs -4.3% for Hamilton Lane Incorporated. Hamilton Lane Incorporated's share of combined industry revenue moved from 0.08% to 0.08%, a gain of 0.00 percentage points.
Hamilton Lane Incorporated's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Hamilton Lane Incorporated | Yes | Yes | Yes | Yes |
| Competitors combined (2) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HLNE Stock Performance relative to its Competitors
HLNE Stock Performance relative to High-Confidence Competitors
HLNE Stock Performance relative to Similar-Size Competitors
HLNE Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Financial Institutions Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Hamilton Lane Incorporated's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Hamilton Lane Incorporated's Comment on Competition and Industry Peers
Publicly Traded Peers of Hamilton Lane Incorporated
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Hamilton Lane Incorporated |
- | 909.42 |
 Financial Institutions Inc |
802.03 | 243.46 |
 Evergreen Corporation |
0.04 | - |
| SUBTOTAL | 802.07 | 1,152.88 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Hamilton Lane Incorporated versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Hamilton Lane Incorporated's Competitors Named by the Company
Competitive relationships identified from Hamilton Lane Incorporated reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Azenta Inc | Company report | 85% |
| Evergreen Corporation | Company report | 85% |
| Financial Institutions Inc | Company report | 85% |
| Two | Company report | 85% |
Company report basis, confidence, active dates and source counts for Hamilton Lane Incorporated's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Hamilton Lane Incorporated's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Hamilton Lane Incorporated | - | 1,299,166 | 584,880 |
| Financial Institutions Inc | 802 | 385,837 | 130,945 |
| Evergreen Corporation | 0 | - | - |
| PEERS TOTAL | 802 | 385,837 | 132,559 |
Hamilton Lane Incorporated's Position in Industry Market Structure
Market-capitalization share and concentration across all 88 companies in Hamilton Lane Incorporated's industry classification, broader than the peer set above. Market cap in millions of $.Hamilton Lane Incorporated ranks #52 of 88 companies by market capitalization in its industry, holding 0.17 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 585, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Morgan Stanley | 292,838 | 12.69 % |
| 2 | The Goldman Sachs Group Inc | 272,289 | 11.80 % |
| 3 | Blackrock Inc | 198,619 | 8.60 % |
| 4 | Schwab Charles Corp | 160,110 | 6.94 % |
| 5 | Futu Holdings Ltd | 1,234 | 5.2% |
| 6 | Cme Group Inc | 1,234 | 5.2% |
| 7 | Intercontinental Exchange Inc | 1,234 | 5.2% |
| 8 | Blackstone Inc | 1,234 | 5.2% |
| 9 | Kkr and co inc | 1,234 | 5.2% |
| 10 | Brookfield Asset Management Ltd | 1,234 | 5.2% |
| 52 | Hamilton Lane Incorporated | 3,934 | 0.17 % |
Market cap and industry share for the rest of Hamilton Lane Incorporated's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Hamilton Lane Incorporated's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 47 | Piper Sandler Companies | 4,788 | -16.23 % |
| 48 | Federated Hermes Inc | 4,701 | 31.07 % |
| 49 | Moelis and Co | 4,620 | -7.64 % |
| 50 | Lazard Inc | 4,192 | -21.19 % |
| 51 | Stepstone Group Inc | 1,234 | 12.3% |
| 52 | Hamilton Lane Incorporated | 3,934 | -17.98 % |
| 53 | Miami International Holdings Inc | 1,234 | 12.3% |
| 54 | Cohen and Steers Inc | 1,234 | 12.3% |
| 55 | Acadian Asset Management Inc | 1,234 | 12.3% |
| 56 | Alliancebernstein Holding L p | 1,234 | 12.3% |
| 57 | Wisdomtree Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Hamilton Lane Incorporated's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Hamilton Lane Incorporated's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Investment Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (142 companies). See the full Investment Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 20.94 % (avg) | -20.9 pp |
| Operating Margin | 63.40 % | industry median | +23.3 pp |
| EBITDA Margin | 64.84 % | 22.61 % (avg) | +42.2 pp |
| Capital Intensity (Capex / Revenue) | 1.15 % | 3.66 % (avg) | -2.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Hamilton Lane Incorporated's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 126.71 % | 21.54 % | -4.59 % | 40.78 % | 16.21 % |
| Operating Margin | 42.79 % | -4.10 % | 48.00 % | 66.70 % | 79.00 % | 88.22 % | 81.42 % |
| Return on Invested Capital | - | -1.02 % | 19.52 % | 20.23 % | 20.85 % | 29.51 % | 22.60 % |
| P/E | 164.9x | 49.3x | 31.2x | 23.3x | 29.6x | 34.1x | 22.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Hamilton Lane Incorporated's Strategic Group Map
Hamilton Lane Incorporated is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Hamilton Lane Incorporated's trailing-12-month revenue growth of 19.0% and operating margin of 63.4% compares with an average of 17.2% growth and 63.2% margin across its 8 closest peers by combined growth, margin and ROIC -- Hamilton Lane Incorporated sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Hamilton Lane Incorporated's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Hamilton Lane Incorporated falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 9.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Hamilton Lane Incorporated's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 585 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.15 % vs industry average 3.66 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Hamilton Lane Incorporated's dedicated Suppliers and Customers pages, not here.
Hamilton Lane Incorporated's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Hamilton Lane Incorporated falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Hamilton Lane Incorporated's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 23.3 points above the industry median.
- Return on equity 8.2 points above the industry aggregate.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-10.1% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Hamilton Lane Incorporated's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Hamilton Lane Incorporated | 4.21 | 3.41 | 0.18 |
| Financial Institutions Inc | 0.01 | 1.33 | 0.37 |
| Evergreen Corporation | 0.00 | 0.01 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Hamilton Lane Incorporated's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Hamilton Lane Incorporated | Q3 2026 | -4.3 % | -25.2 % |
| Financial Institutions Inc | Q2 2026 | +7.0 % | +20.8 % |
| Evergreen Corporation | Q1 2025 | - | -90.0 % |
| PEERS TOTAL | -1.9 % | -19.0 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Hamilton Lane Incorporated's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Hamilton Lane Incorporated | Q3 2026 | - | +385.6 % |
| Financial Institutions Inc | Q2 2026 | +21.3 % | -46.9 % |
| Evergreen Corporation | Q1 2025 | - | - |
Hamilton Lane Incorporated's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Hamilton Lane Incorporated | 17.67% | 17.03% | 27.24% |
| Financial Institutions Inc | 1.31% | 3.75% | 13.09% |
| Evergreen Corporation | 2.14% | 2.47% | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Hamilton Lane Incorporated's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Hamilton Lane Incorporated | 16.43 | - |
| Financial Institutions Inc | 9.96 | 3.29 |
| Evergreen Corporation | 0.13 | - |
| PEERS AVERAGE | 1.63 | 0.70 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.