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Lazard (LAZ)
NYSE:LAZ
US Market

Lazard (LAZ) Ratios

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Lazard Ratios

LAZ's free cash flow for Q4 2025 was $0.22. For the 2025 fiscal year, LAZ's free cash flow was decreased by $ and operating cash flow was $0.12. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
29.35 29.35 2.92 2.22 2.10
Quick Ratio
29.35 29.35 2.92 2.22 2.24
Cash Ratio
18.64 18.64 1.46 0.94 0.79
Solvency Ratio
0.07 0.07 0.08 >-0.01 0.09
Operating Cash Flow Ratio
6.48 6.66 0.83 0.16 0.53
Short-Term Operating Cash Flow Coverage
6.48 6.66 0.00 0.00 0.00
Net Current Asset Value
$ -1.58B$ -1.58B$ -1.41B$ -1.78B$ -1.30B
Leverage Ratios
Debt-to-Assets Ratio
0.52 0.52 0.46 0.47 0.38
Debt-to-Equity Ratio
2.95 2.95 3.45 5.13 3.96
Debt-to-Capital Ratio
0.75 0.75 0.78 0.84 0.80
Long-Term Debt-to-Capital Ratio
0.71 0.71 0.73 0.80 0.75
Financial Leverage Ratio
5.66 5.66 7.53 10.94 10.52
Debt Service Coverage Ratio
2.22 2.22 4.67 0.82 6.33
Interest Coverage Ratio
4.00 4.74 4.39 -1.03 6.34
Debt to Market Cap
0.57 0.46 0.35 0.55 0.51
Interest Debt Per Share
26.92 27.34 24.49 25.32 23.86
Net Debt to EBITDA
2.39 2.39 1.73 29.44 1.51
Profitability Margins
Gross Profit Margin
31.17%31.79%35.09%23.72%41.38%
EBIT Margin
13.15%13.03%15.38%-0.09%21.18%
EBITDA Margin
14.23%14.10%16.57%1.60%22.68%
Operating Profit Margin
11.09%13.03%12.52%-3.13%18.29%
Pretax Profit Margin
10.37%10.28%12.52%-3.13%18.29%
Net Profit Margin
7.50%7.43%9.07%-2.96%12.65%
Continuous Operations Profit Margin
7.95%7.88%9.29%-2.25%13.89%
Net Income Per EBT
72.29%72.29%72.43%94.40%69.17%
EBT Per EBIT
93.52%78.88%100.00%100.00%100.00%
Return on Assets (ROA)
4.79%4.79%5.84%-1.63%6.11%
Return on Equity (ROE)
30.96%27.11%43.99%-17.81%64.25%
Return on Capital Employed (ROCE)
7.21%8.55%9.92%-2.22%12.05%
Return on Invested Capital (ROIC)
7.39%8.76%7.36%-1.59%9.15%
Return on Tangible Assets
5.21%5.21%6.36%-1.78%6.53%
Earnings Yield
6.08%5.00%5.84%-2.44%10.78%
Efficiency Ratios
Receivables Turnover
3.52 3.55 3.86 3.07 4.33
Payables Turnover
0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 -7.60
Fixed Asset Turnover
7.65 5.49 5.18 3.99 4.15
Asset Turnover
0.64 0.64 0.64 0.55 0.48
Working Capital Turnover Ratio
1.87 1.59 2.07 1.71 1.38
Cash Conversion Cycle
103.77 102.84 94.65 119.04 36.32
Days of Sales Outstanding
103.77 102.84 94.65 119.04 84.32
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 -48.00
Days of Payables Outstanding
0.00 0.00 0.00 0.00 0.00
Operating Cycle
103.77 102.84 94.65 119.04 36.32
Cash Flow Ratios
Operating Cash Flow Per Share
5.28 5.51 7.98 1.85 8.72
Free Cash Flow Per Share
5.25 5.18 7.49 1.53 8.20
CapEx Per Share
0.04 0.33 0.49 0.32 0.52
Free Cash Flow to Operating Cash Flow
0.99 0.94 0.94 0.83 0.94
Dividend Paid and CapEx Coverage Ratio
2.75 2.46 3.31 0.82 3.60
Capital Expenditure Coverage Ratio
146.10 16.82 16.33 5.82 16.84
Operating Cash Flow Coverage Ratio
0.20 0.21 0.34 0.08 0.38
Operating Cash Flow to Sales Ratio
0.17 0.17 0.24 0.06 0.30
Free Cash Flow Yield
13.92%10.67%14.54%4.40%23.65%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
16.66 19.99 17.13 -41.03 9.28
Price-to-Sales (P/S) Ratio
1.20 1.49 1.55 1.21 1.17
Price-to-Book (P/B) Ratio
4.52 5.42 7.54 7.31 5.96
Price-to-Free Cash Flow (P/FCF) Ratio
7.28 9.37 6.88 22.71 4.23
Price-to-Operating Cash Flow Ratio
7.54 8.81 6.45 18.81 3.98
Price-to-Earnings Growth (PEG) Ratio
-1.19 -1.17 -0.04 0.33 -0.37
Price-to-Fair Value
4.52 5.42 7.54 7.31 5.96
Enterprise Value Multiple
10.80 12.92 11.11 105.15 6.68
Enterprise Value
4.81B 5.81B 5.68B 4.30B 4.28B
EV to EBITDA
10.69 12.92 11.11 105.15 6.68
EV to Sales
1.52 1.82 1.84 1.69 1.52
EV to Free Cash Flow
9.25 11.50 8.14 31.54 5.46
EV to Operating Cash Flow
9.19 10.81 7.65 26.12 5.14
Tangible Book Value Per Share
6.00 6.09 3.99 1.97 9.21
Shareholders’ Equity Per Share
8.82 8.96 6.83 4.76 5.82
Tax and Other Ratios
Effective Tax Rate
0.23 0.23 0.26 0.28 0.24
Revenue Per Share
31.89 32.69 33.14 28.67 29.54
Net Income Per Share
2.39 2.43 3.01 -0.85 3.74
Tax Burden
0.72 0.72 0.72 0.94 0.69
Interest Burden
0.79 0.79 0.81 35.01 0.86
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.08 0.00 0.11 0.13 0.11
Stock-Based Compensation to Revenue
0.11 0.00 0.15 0.00 0.14
Income Quality
2.13 2.33 2.72 -2.18 2.12
Currency in USD