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 919M vs 243M combined for tracked competitors (79.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+19.9% annualized vs trailing 12 months), vs holding steady (+0.6%) for its tracked peer group.
- Growth: Hamilton Lane Incorporated generated 54.0% revenue growth year over year in Q1 2026, vs 7.1% for its tracked competitors combined.
- Profitability: Its 45.4% net margin compares with 34.6% for the peer group.
- Scale: Hamilton Lane Incorporated ranks #54 of 91 companies by market capitalization in the Investment Services industry, holding 0.2% of industry market cap.
- Peer revenue share: Hamilton Lane Incorporated accounted for 81.8% of combined revenue among its tracked peer group, up from 75.8% a year earlier.
- Peer differentiation: Revenue per employee of $1.31M compares with $0.39M for the peer group (3.4x).
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, Q1 2026
Hamilton Lane Incorporated reported revenue growth of 54.03 % year on year in Q1 2026, above its competitors' combined revenue growth of 7.05 %.
With a net margin of 45.36 %, Hamilton Lane Incorporated achieved higher profitability than its competitors (34.61 %).
Hamilton Lane Incorporated generated 81.81 % of the combined sales of its peer group, up from 75.77 % a year earlier.
Hamilton Lane Incorporated vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Hamilton Lane Incorporated and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Hamilton Lane Incorporated | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Hamilton Lane Incorporated's competitor groups requires a Commercial License.
For context: the Investment Services industry grew revenue -2.0% year over year, combined, vs 54.0% for Hamilton Lane Incorporated. Hamilton Lane Incorporated's share of combined industry revenue moved from 0.07% to 0.11%, a gain of 0.04 percentage points.
Hamilton Lane Incorporated's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Hamilton Lane Incorporated | Yes | Yes | Yes | No |
| 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) | 14.30 % (1 of 7) |
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 tracked 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 | - | 918.58 |
| Financial Institutions Inc | 788.67 | 243.46 |
| Evergreen Corporation | 0.04 | - |
| SUBTOTAL | 788.71 | 1,162.04 |
Sources: Hamilton Lane Incorporated's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
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 SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Azenta Inc | Named by the company | 85% |
| Two | Named by the company | 85% |
| Evergreen Corporation | Named by the company | 85% |
| Financial Institutions Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Hamilton Lane Incorporated's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
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 | - | 1,312,254 | 622,191 |
| Financial Institutions Inc | 789 | 385,837 | 130,945 |
| Evergreen Corporation | 0 | - | - |
| PEERS TOTAL | 789 | 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 #54 of 88 companies by market capitalization in its industry, holding 0.16 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 607, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Morgan Stanley | 305,186 | 13.29 % |
| 2 | The Goldman Sachs Group Inc | 282,278 | 12.29 % |
| 3 | Blackrock Inc | 177,737 | 7.74 % |
| 4 | Schwab Charles Corp | 171,118 | 7.45 % |
| 5 | Futu Holdings Ltd | 1,234 | 5.2% |
| 6 | Robinhood Markets Inc | 1,234 | 5.2% |
| 7 | Cme Group Inc | 1,234 | 5.2% |
| 8 | Blackstone Inc | 1,234 | 5.2% |
| 9 | Kkr and co inc | 1,234 | 5.2% |
| 10 | Intercontinental Exchange Inc | 1,234 | 5.2% |
| 54 | Hamilton Lane Incorporated | 3,572 | 0.16 % |
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 2026-09-28.
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 |
|---|---|---|---|
| 49 | Federated Hermes Inc | 4,141 | 11.51 % |
| 50 | Lazard Inc | 3,841 | -33.05 % |
| 51 | Cohen and Steers Inc | 3,829 | 11.23 % |
| 52 | Wisdomtree Inc | 3,793 | 71.67 % |
| 53 | Miami International Holdings Inc | 1,234 | 12.3% |
| 54 | Hamilton Lane Incorporated | 3,572 | -43.56 % |
| 55 | Stepstone Group Inc | 1,234 | 12.3% |
| 56 | Acadian Asset Management Inc | 1,234 | 12.3% |
| 57 | Alliancebernstein Holding L p | 1,234 | 12.3% |
| 58 | Digitalbridge Group Inc | 1,234 | 12.3% |
| 59 | Noah Holdings Ltd | 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 2026-09-28. 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 (78 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 61.67 % (avg) | - |
| Operating Margin | 73.39 % | industry median | +37.3 pp |
| EBITDA Margin | 57.41 % | 19.52 % (avg) | +37.9 pp |
| Capital Intensity (Capex / Revenue) | - | 2.93 % (avg) | - |
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 SEC filings.| Metric | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 126.71 % | 21.54 % | -9.17 % | 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 % | 20.53 % | 29.51 % | 22.89 % |
| P/E | 164.9x | 49.3x | 31.2x | 23.3x | 32.7x | 32.6x | 24.4x |
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
Every company in Hamilton Lane Incorporated's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Hamilton Lane Incorporated is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
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
Relative market share (vs Hamilton Lane Incorporated's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Hamilton Lane Incorporated falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 9.2% (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 607 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Hamilton Lane Incorporated's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Hamilton Lane Incorporated's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Hamilton Lane Incorporated's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
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 37.3 points above the industry median.
- Return on equity 17.4 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+19.9% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
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 | 5.93 | 3.41 | 0.22 |
| 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 | Q2 2026 | +54.0 % | +62.0 % |
| Financial Institutions Inc | Q2 2026 | +7.0 % | +20.8 % |
| Evergreen Corporation | Q1 2025 | - | -90.0 % |
| PEERS TOTAL | +42.6 % | +53.1 % |
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 | Q2 2026 | - | +34.0 % |
| 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 | 20.46% | 19.50% | 33.24% |
| 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 | 14.56 | - |
| Financial Institutions Inc | 9.67 | 3.24 |
| Evergreen Corporation | 0.13 | - |
| PEERS AVERAGE | 1.52 | 0.68 |
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.