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Lazard (LAZ) Financials

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$38.65 -1.22 (-3.06%)
Closing price 03:59 PM Eastern
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$38.64 -0.01 (-0.03%)
As of 04:37 PM Eastern
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Annual Income Statements for Lazard

Annual Income Statements for Lazard

This table shows Lazard's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 1,973 388 254 527 287 402 528 358 -75 280
Consolidated Net Income / (Loss)		 6.56 394 260 532 298 403 543 392 -57 287
Net Income / (Loss) Continuing Operations		 993 394 260 532 298 403 543 392 -57 287
Total Pre-Tax Income 		-17 517 825 681 393 502 724 517 -80 386
Total Operating Income		 -17 517 825 681 393 502 724 517 -80 386
Total Gross Profit		 1,085 1,043 1,185 1,370 1,104 1,096 1,378 1,199 647 1,137
Total Revenue		 2,405 2,384 2,698 2,885 2,667 2,647 3,274 2,855 2,593 3,140
Operating Revenue		 2,405 2,384 2,698 2,885 2,667 2,647 3,274 2,855 2,593 3,140
Total Cost of Revenue		 1,320 1,341 1,513 1,515 1,563 1,551 1,896 1,656 1,946 2,003
Operating Cost of Revenue		 1,320 1,341 1,513 1,515 1,563 1,551 1,896 1,656 1,946 2,003
Total Operating Expenses		 1,102 526 360 689 711 594 654 682 727 750
Selling, General & Admin Expense		 149 87 92 291 260 239 270 286 352 331
Marketing Expense		 - 83 89 109 115 42 43 83 99 99
Other Operating Expenses / (Income)		 866 320 169 306 317 311 342 313 276 320
Total Other Income / (Expense), net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income Tax Expense		 -1,010 124 566 148 95 99 181 124 -23 100
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.56 5.99 6.26 5.32 11 0.23 14 35 18 6.80
Basic Earnings per Share		 $7.87 $3.11 $2.09 $4.43 $2.57 $3.69 $4.90 $3.68 ($0.90) $2.93
Weighted Average Basic Shares Outstanding		 125.37M 124.77M 121.57M 119.01M 110.19M 106.86M 106.04M 95.66M 88.99M 93.14M
Diluted Earnings per Share		 $7.40 $2.92 $1.91 $4.06 $2.44 $3.54 $4.63 $3.51 ($0.90) $2.68
Weighted Average Diluted Shares Outstanding		 133.24M 132.63M 132.48M 129.77M 116.08M 113.48M 113.67M 101.00M 88.99M 102.39M
Weighted Average Basic & Diluted Shares Outstanding		 134.22M 137.85M 141.04M 149.53M 121.79M 121.23M 126.25M 140.49M 138.11M 135.63M
Cash Dividends to Common per Share		 $2.35 $2.69 $2.81 $3.03 $2.35 $1.88 $1.88 $1.94 $2.00 $2.00

Quarterly Income Statements for Lazard

This table shows Lazard's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 106 42 -22 -124 7.14 64 36 50 108 86
Consolidated Net Income / (Loss)		 123 57 -15 -120 6.77 71 40 52 116 78
Net Income / (Loss) Continuing Operations		 123 57 -15 -120 6.77 71 40 52 116 78
Total Pre-Tax Income 		158 73 -37 -110 -4.86 72 55 64 161 107
Total Operating Income		 158 73 -37 -110 -4.86 72 55 64 161 107
Total Gross Profit		 325 257 112 90 179 267 235 255 342 305
Total Revenue		 746 732 562 662 543 826 785 708 807 839
Operating Revenue		 746 732 562 662 543 826 785 708 807 839
Total Cost of Revenue		 421 475 450 572 365 559 551 453 465 534
Operating Cost of Revenue		 421 475 450 572 365 559 551 453 465 534
Total Operating Expenses		 167 184 149 200 183 195 180 192 181 198
Selling, General & Admin Expense		 70 83 89 91 82 90 77 84 74 95
Marketing Expense		 20 27 23 29 21 27 24 25 22 29
Other Operating Expenses / (Income)		 77 74 37 81 80 77 80 82 85 74
Income Tax Expense		 35 16 -22 10 -12 0.40 14 12 45 29
Net Income / (Loss) Attributable to Noncontrolling Interest		 17 15 6.97 3.64 -0.37 7.93 4.47 2.14 8.20 -8.01
Basic Earnings per Share		 $1.11 $0.52 ($0.27) ($1.41) $0.07 $0.71 $0.38 $0.53 $1.13 $0.89
Weighted Average Basic Shares Outstanding		 93.28M 95.66M 87.59M 88.73M 89.43M 88.99M 91.26M 92.89M 93.63M 93.14M
Diluted Earnings per Share		 $1.06 $0.48 ($0.27) ($1.41) $0.06 $0.72 $0.35 $0.49 $1.02 $0.82
Weighted Average Diluted Shares Outstanding		 98.87M 101.00M 87.59M 88.73M 94.31M 88.99M 99.35M 100.63M 103.48M 102.39M
Weighted Average Basic & Diluted Shares Outstanding		 139.62M 140.49M 138.87M 138.66M 138.12M 138.11M 135.33M 135.36M 135.06M 135.63M

Annual Cash Flow Statements for Lazard

This table details how cash moves in and out of Lazard's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 66 51 684 -73 192 -34 861 -791 -1,414 384
Net Cash From Operating Activities		 887 633 1,029 699 678 576 866 834 165 743
Net Cash From Continuing Operating Activities		 887 633 1,029 699 678 576 866 834 165 743
Net Income / (Loss) Continuing Operations		 993 394 260 532 298 403 543 392 -57 287
Consolidated Net Income / (Loss)		 993 394 260 532 298 403 543 392 -57 287
Depreciation Expense		 33 33 31 34 36 35 38 42 43 36
Amortization Expense		 326 377 369 356 385 413 394 406 430 448
Non-Cash Adjustments To Reconcile Net Income		 383 -9.52 -203 0.03 66 -0.44 100 59 71 -56
Changes in Operating Assets and Liabilities, net		 -848 -162 571 -223 -107 -275 -209 -67 -322 27
Net Cash From Investing Activities		 -26 -38 -27 -46 -42 -63 -39 -56 -38 134
Net Cash From Continuing Investing Activities		 -26 -38 -27 -46 -42 -63 -39 -56 -38 134
Purchase of Property, Plant & Equipment		 -27 -39 -28 -50 -43 -64 -40 -50 -28 -45
Acquisitions		 - - - - - - 0.00 0.00 -11 -17
Purchase of Investments		 - - - - - - - 0.00 0.00 -98
Sale of Property, Plant & Equipment		 0.68 1.10 0.75 3.38 0.51 1.35 0.64 0.57 0.49 196
Sale and/or Maturity of Investments		 - - - - - - - 0.00 0.00 100
Other Investing Activities, net		 - - - - - 0.00 0.00 -7.50 0.00 -0.99
Net Cash From Financing Activities		 -747 -480 -319 -726 -444 -547 196 -1,382 -1,571 -440
Net Cash From Continuing Financing Activities		 -747 -480 -319 -726 -444 -547 196 -1,382 -1,571 -440
Repayment of Debt		 -511 -103 0.00 -256 -256 - - 0.00 0.00 -399
Repurchase of Common Equity		 -173 -300 -307 -553 -495 -95 -406 -692 -688 -60
Payment of Dividends		 -307 -338 -347 -373 -268 -199 -207 -214 -179 -181
Issuance of Debt		 396 297 0.00 491 492 - - 0.00 0.00 396
Issuance of Common Equity		 0.28 0.09 0.00 1.71 1.77 0.42 575 0.51 2.08 2.41
Other Financing Activities, net		 -153 -35 335 -38 81 -253 234 -477 -706 -199
Effect of Exchange Rate Changes		 -49 - - - - - -162 -186 30 -53

Quarterly Cash Flow Statements for Lazard

This table details how cash moves in and out of Lazard's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -263 -323 -1,483 24 -173 218 -20 -120 429 96
Net Cash From Operating Activities		 435 314 -411 201 33 342 -90 176 294 363
Net Cash From Continuing Operating Activities		 435 314 -411 201 33 342 -90 176 294 363
Net Income / (Loss) Continuing Operations		 123 57 -15 -120 6.77 71 40 52 116 78
Consolidated Net Income / (Loss)		 123 57 -15 -120 6.77 71 40 52 116 78
Depreciation Expense		 11 10 11 11 11 11 9.13 9.19 8.97 9.00
Amortization Expense		 121 73 108 142 104 76 121 137 119 71
Non-Cash Adjustments To Reconcile Net Income		 14 13 16 25 18 12 16 17 -97 8.67
Changes in Operating Assets and Liabilities, net		 167 161 -531 144 -106 171 -277 -38 147 196
Net Cash From Investing Activities		 -13 -24 -15 -7.28 -7.26 -8.65 -6.61 -103 209 34
Net Cash From Continuing Investing Activities		 -13 -24 -15 -7.28 -7.26 -8.65 -6.61 -103 209 34
Purchase of Property, Plant & Equipment		 -5.29 -25 -4.61 -7.38 -7.52 -8.79 -6.62 -6.44 -18 -15
Sale of Property, Plant & Equipment		 0.06 0.30 0.00 0.10 0.25 0.14 0.01 1.92 194 0.12
Sale and/or Maturity of Investments		 - - - - - - - - - 50
Net Cash From Financing Activities		 -539 -781 -1,072 -172 -177 -150 98 -193 -112 -234
Net Cash From Continuing Financing Activities		 -539 -781 -1,072 -172 -177 -150 98 -193 -112 -234
Repayment of Debt		 - - 0.00 - - - -233 - - -166
Repurchase of Common Equity		 -237 -80 -685 -0.17 -2.95 - -22 -19 -3.11 -16
Payment of Dividends		 -64 -48 -45 -45 -44 -44 -45 -46 -47 -43
Issuance of Debt		 - - 0.00 - - - 396 0.01 - -0.05
Issuance of Common Equity		 0.18 0.13 0.05 0.13 1.07 0.83 0.18 0.05 1.76 0.42
Other Financing Activities, net		 -238 -654 -343 -126 -130 -107 2.29 -128 -63 -9.56
Effect of Exchange Rate Changes		 -146 168 16 1.81 -23 36 -22 -0.95 38 -68

Annual Balance Sheets for Lazard

This table presents Lazard's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 4,478 4,557 4,929 4,997 5,640 5,972 7,147 5,853 4,636 4,794
Total Current Assets		 1,556 1,723 1,972 1,748 1,769 2,012 3,142 2,426 2,234 2,564
Cash & Equivalents		 1,132 1,159 1,484 1,247 1,232 1,390 1,465 1,235 971 1,308
Short-Term Investments		 - - - - - - 1,007 699 702 615
Accounts Receivable		 424 564 488 501 537 622 669 492 561 641
Plant, Property, & Equipment, net		 207 209 205 213 220 258 250 250 233 160
Total Noncurrent Assets		 2,715 2,624 2,752 3,036 3,651 3,703 3,755 3,177 2,169 2,070
Goodwill		 327 382 391 375 374 384 380 377 395 394
Noncurrent Deferred & Refundable Income Taxes		 1,131 1,076 650 598 587 538 435 408 497 480
Other Noncurrent Operating Assets		 1,257 1,167 1,710 2,063 2,690 2,780 2,940 2,392 1,277 1,197
Total Liabilities & Shareholders' Equity		 4,478 4,557 4,929 4,997 5,640 5,972 7,147 5,853 4,636 4,794
Total Liabilities		 3,110 3,263 3,670 4,027 4,958 4,972 5,494 4,594 4,066 4,029
Total Current Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Liabilities		 3,110 3,263 3,670 4,027 4,958 4,972 5,494 4,594 4,066 4,029
Long-Term Debt		 989 1,189 1,190 1,434 1,680 1,683 1,685 1,688 1,690 1,687
Noncurrent Deferred & Payable Income Tax Liabilities		 11 9.17 9.41 5.57 3.51 1.04 1.83 3.92 3.86 1.08
Noncurrent Employee Benefit Liabilities		 570 542 594 585 603 735 972 736 781 845
Other Noncurrent Operating Liabilities		 1,531 1,523 1,876 2,002 2,672 2,554 2,835 2,166 1,590 1,496
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - 0.00 575 583 88 80
Total Equity & Noncontrolling Interests		 1,367 1,294 1,259 970 682 999 1,078 675 482 685
Total Preferred & Common Equity		 1,313 1,236 1,200 917 610 912 975 556 424 636
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,313 1,236 1,200 917 610 912 975 556 424 636
Common Stock		 601 690 789 752 42 137 146 169 248 329
Retained Earnings		 1,124 1,134 1,080 1,196 1,194 1,295 1,561 1,677 1,403 1,472
Accumulated Other Comprehensive Income / (Loss)		 -234 -314 -233 -274 -294 -238 -224 -296 -290 -327
Other Equity Adjustments		 -177 -274 -438 -757 -332 -282 -507 -993 -937 -838
Noncontrolling Interest		 54 58 59 53 72 88 103 119 58 49

Quarterly Balance Sheets for Lazard

This table presents Lazard's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 6,208 4,568 4,603 4,296 4,587 4,527 4,820
Total Current Assets		 2,210 1,848 1,916 1,817 2,004 2,090 2,383
Cash & Equivalents		 1,000 597 698 653 923 848 1,166
Short-Term Investments		 639 742 690 658 621 688 688
Accounts Receivable		 571 510 528 506 460 555 529
Plant, Property, & Equipment, net		 219 246 237 230 228 221 158
Total Noncurrent Assets		 3,779 2,474 2,450 2,249 2,356 2,217 2,278
Goodwill		 376 394 395 394 394 394 395
Noncurrent Deferred & Refundable Income Taxes		 391 368 524 508 506 508 527
Other Noncurrent Operating Assets		 3,013 1,712 1,531 1,347 1,456 1,315 1,357
Total Liabilities & Shareholders' Equity		 6,208 4,568 4,603 4,296 4,587 4,527 4,820
Total Liabilities		 4,952 3,970 4,103 3,794 4,050 3,932 4,056
Total Current Liabilities		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Liabilities		 4,952 3,970 4,103 3,794 4,050 3,932 4,056
Long-Term Debt		 1,687 1,688 1,689 1,690 1,851 1,852 1,853
Noncurrent Deferred & Payable Income Tax Liabilities		 8.96 4.79 6.58 5.38 2.18 3.94 2.17
Noncurrent Employee Benefit Liabilities		 531 443 602 497 496 550 634
Other Noncurrent Operating Liabilities		 2,725 1,834 1,806 1,602 1,700 1,526 1,567
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 578 89 84 82 88 81 84
Total Equity & Noncontrolling Interests		 677 508 416 420 449 514 680
Total Preferred & Common Equity		 561 451 360 361 393 459 624
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 561 451 360 361 393 459 624
Common Stock		 128 95 169 204 136 220 285
Retained Earnings		 1,682 1,605 1,431 1,389 1,385 1,383 1,438
Accumulated Other Comprehensive Income / (Loss)		 -334 -283 -282 -293 -304 -306 -272
Other Equity Adjustments		 -915 -966 -958 -938 -824 -837 -827
Noncontrolling Interest		 117 57 56 58 56 56 56

Annual Metrics and Ratios for Lazard

This table displays calculated financial ratios and metrics derived from Lazard's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 1.77% -0.88% 13.18% 6.93% -7.55% -0.76% 23.69% -12.79% -9.17% 21.08%
EBITDA Growth		 -60.00% 170.92% 32.12% -12.68% -24.00% 16.86% 21.63% -16.50% -59.32% 121.83%
EBIT Growth		 -103.20% 3,213.48% 59.52% -17.53% -42.32% 27.87% 44.15% -28.60% -115.47% 583.35%
NOPAT Growth		 -102.68% 3,483.98% -34.00% 104.91% -44.09% 35.26% 34.73% -27.66% -114.26% 612.25%
Net Income Growth		 -98.49% 5,902.32% -34.00% 104.91% -44.09% 35.26% 34.73% -27.66% -114.60% 600.30%
EPS Growth		 131.25% -60.54% -34.59% 112.57% -39.90% 45.08% 30.79% -24.19% -125.64% 397.78%
Operating Cash Flow Growth		 20.55% -28.70% 62.68% -32.07% -3.02% -15.05% 50.38% -3.71% -80.26% 351.12%
Free Cash Flow Firm Growth		 -192.06% 163.08% 103.52% -44.97% -4.14% -26.40% 303.86% -74.67% 50.76% -6.83%
Invested Capital Growth		 61.50% 7.30% -27.06% 19.92% -2.44% 14.41% -33.00% 16.98% -42.07% -9.90%
Revenue Q/Q Growth		 -1.81% 4.42% -0.50% 0.42% 1.49% 6.22% 3.62% -8.96% 3.76% 0.42%
EBITDA Q/Q Growth		 -13.06% 4.44% 17.38% -16.13% -5.95% 21.42% 29.58% -32.42% 0.45% 3.42%
EBIT Q/Q Growth		 -138.10% 3.50% 32.33% -22.90% -8.68% 24.41% 7.55% -27.41% -1.58% 10.02%
NOPAT Q/Q Growth		 -101.15% -6.27% -44.92% 58.56% -10.29% 40.09% 3.14% -28.21% -1.58% 2.43%
Net Income Q/Q Growth		 -99.35% 169.52% -44.92% 58.56% -10.29% 40.09% 3.14% -28.21% 20.11% 2.43%
EPS Q/Q Growth		 -1.46% -6.71% -45.43% 60.47% -7.92% 37.74% 4.51% -28.22% 21.05% 3.88%
Operating Cash Flow Q/Q Growth		 5.63% -5.16% -0.94% 13.64% -6.62% -6.35% 18.03% -14.24% 19.85% 2.95%
Free Cash Flow Firm Q/Q Growth		 -191.04% -9.13% 0.79% 56.49% -6.49% -30.08% 650.32% -81.05% 0.28% -13.02%
Invested Capital Q/Q Growth		 -9.29% -8.45% -25.99% -18.63% -19.67% -4.31% -57.82% -22.32% -33.30% -30.73%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 45.12% 43.76% 43.92% 47.49% 41.38% 41.41% 42.09% 41.98% 24.96% 36.20%
EBITDA Margin		 14.24% 38.92% 45.44% 37.10% 30.50% 35.92% 35.32% 33.82% 15.15% 27.75%
Operating Margin		 -0.69% 21.71% 30.60% 23.60% 14.72% 18.97% 22.11% 18.10% -3.08% 12.31%
EBIT Margin		 -0.69% 21.71% 30.60% 23.60% 14.72% 18.97% 22.11% 18.10% -3.08% 12.31%
Profit (Net Income) Margin		 0.27% 16.52% 9.63% 18.46% 11.16% 15.21% 16.57% 13.75% -2.21% 9.13%
Tax Burden Percent		 -39.46% 76.08% 31.48% 78.21% 75.81% 80.20% 74.95% 75.94% 71.67% 74.19%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 23.92% 68.52% 21.79% 24.19% 19.81% 25.05% 24.06% 0.00% 25.81%
Return on Invested Capital (ROIC)		 -1.16% 30.79% 22.70% 50.15% 26.03% 33.26% 50.28% 41.78% -7.00% 51.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 -27.17% 30.79% 22.70% 50.15% 26.03% 33.26% 50.28% 41.78% -5.83% 51.41%
Return on Net Nonoperating Assets (RNNOA)		 1.78% -1.20% -2.34% -2.38% 10.02% 14.66% -9.37% -14.83% 0.73% -8.44%
Return on Equity (ROE)		 0.61% 29.59% 20.36% 47.77% 36.05% 47.91% 40.91% 26.96% -6.27% 42.96%
Cash Return on Invested Capital (CROIC)		 -48.20% 23.75% 54.00% 32.03% 28.50% 19.81% 89.80% 26.13% 46.27% 61.83%
Operating Return on Assets (OROA)		 -0.43% 11.46% 17.41% 13.72% 7.38% 8.65% 11.04% 7.95% -1.52% 8.20%
Return on Assets (ROA)		 0.17% 8.72% 5.48% 10.73% 5.60% 6.94% 8.27% 6.04% -1.09% 6.08%
Return on Common Equity (ROCE)		 0.58% 28.35% 19.43% 45.37% 33.33% 43.37% 29.10% 14.18% -3.36% 34.12%
Return on Equity Simple (ROE_SIMPLE)		 0.50% 31.85% 21.66% 58.07% 48.81% 44.17% 55.63% 70.53% -13.52% 45.06%
Net Operating Profit after Tax (NOPAT)		 -12 394 260 532 298 403 543 392 -56 287
NOPAT Margin		 -0.48% 16.52% 9.63% 18.46% 11.16% 15.21% 16.57% 13.75% -2.16% 9.13%
Net Nonoperating Expense Percent (NNEP)		 26.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.17% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 16.61% -2.58% 12.09%
Cost of Revenue to Revenue		 54.88% 56.24% 56.08% 52.51% 58.62% 58.59% 57.91% 58.02% 75.04% 63.80%
SG&A Expenses to Revenue		 6.18% 3.64% 3.41% 10.07% 9.73% 9.02% 8.24% 10.02% 13.57% 10.54%
R&D to Revenue		 3.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 45.81% 22.05% 13.33% 23.90% 26.65% 22.44% 19.98% 23.88% 28.04% 23.89%
Earnings before Interest and Taxes (EBIT)		 -17 517 825 681 393 502 724 517 -80 386
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 342 928 1,226 1,070 814 951 1,156 965 393 871
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.83
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.38
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.19
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.61
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.92%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.06%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12.82
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.16
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.78
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.54
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.66
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.73 0.92 0.95 1.48 2.46 1.68 1.02 1.34 2.97 2.21
Long-Term Debt to Equity		 0.73 0.92 0.95 1.48 2.46 1.68 1.02 1.34 2.97 2.21
Financial Leverage		 -0.07 -0.04 -0.10 -0.05 0.38 0.44 -0.19 -0.35 -0.13 -0.16
Leverage Ratio		 3.65 3.39 3.72 4.45 6.44 6.91 4.95 4.46 5.74 7.07
Compound Leverage Factor		 3.65 3.39 3.72 4.45 6.44 6.91 4.95 4.46 5.74 7.07
Debt to Total Capital		 42.20% 47.88% 48.60% 59.65% 71.13% 62.74% 50.48% 57.28% 74.79% 68.81%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.20% 47.88% 48.60% 59.65% 71.13% 62.74% 50.48% 57.28% 74.79% 68.81%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.28% 2.33% 2.41% 2.21% 3.03% 3.27% 20.30% 23.84% 6.46% 5.24%
Common Equity to Total Capital		 55.52% 49.79% 48.99% 38.13% 25.83% 33.99% 29.21% 18.89% 18.75% 25.95%
Debt to EBITDA		 2.92 1.28 0.97 1.34 2.06 1.77 1.46 1.75 4.30 1.94
Net Debt to EBITDA		 -0.39 0.03 -0.24 0.18 0.55 0.31 -0.68 -0.25 0.04 -0.27
Long-Term Debt to EBITDA		 2.92 1.28 0.97 1.34 2.06 1.77 1.46 1.75 4.30 1.94
Debt to NOPAT		 -85.82 3.02 4.58 2.69 5.64 4.18 3.11 4.30 -30.20 5.88
Net Debt to NOPAT		 11.49 0.08 -1.13 0.35 1.50 0.73 -1.45 -0.63 -0.30 -0.82
Long-Term Debt to NOPAT		 -85.82 3.02 4.58 2.69 5.64 4.18 3.11 4.30 -30.20 5.88
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.02
Noncontrolling Interest Sharing Ratio		 5.48% 4.20% 4.58% 5.04% 7.56% 9.47% 28.86% 47.40% 46.40% 20.58%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Quick Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -481 304 618 340 326 240 969 245 370 345
Operating Cash Flow to CapEx		 3,418.99% 1,680.08% 3,822.86% 1,512.77% 1,604.70% 915.06% 2,217.53% 1,704.16% 592.16% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.62 0.53 0.57 0.58 0.50 0.46 0.50 0.44 0.49 0.67
Accounts Receivable Turnover		 5.30 4.82 5.13 5.83 5.13 4.57 5.07 4.92 4.93 5.23
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 11.19 11.45 13.02 13.79 12.32 11.09 12.90 11.42 10.75 15.98
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 68.87 75.65 71.17 62.58 71.09 79.94 71.99 74.23 74.07 69.81
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 68.87 75.65 71.17 62.58 71.09 79.94 71.99 74.23 74.07 69.81
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,234 1,324 965 1,158 1,130 1,292 866 1,013 587 529
Invested Capital Turnover		 2.41 1.86 2.36 2.72 2.33 2.19 3.03 3.04 3.24 5.63
Increase / (Decrease) in Invested Capital		 470 90 -358 192 -28 163 -426 147 -426 -58
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,780
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,888
Book Value per Share		 $9.80 $9.07 $8.60 $6.48 $5.06 $7.57 $7.95 $3.99 $3.07 $4.71
Tangible Book Value per Share		 $7.36 $6.27 $5.79 $3.83 $1.96 $4.38 $4.86 $1.28 $0.21 $1.80
Total Capital		 2,366 2,482 2,449 2,404 2,361 2,682 3,338 2,947 2,260 2,452
Total Debt		 998 1,189 1,190 1,434 1,680 1,683 1,685 1,688 1,690 1,687
Total Long-Term Debt		 998 1,189 1,190 1,434 1,680 1,683 1,685 1,688 1,690 1,687
Net Debt		 -134 30 -293 188 448 293 -787 -246 17 -236
Capital Expenditures (CapEx)		 26 38 27 46 42 63 39 49 28 -151
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 424 564 488 501 537 622 669 492 561 641
Debt-free Net Working Capital (DFNWC)		 1,556 1,723 1,972 1,748 1,769 2,012 3,142 2,426 2,234 2,564
Net Working Capital (NWC)		 1,556 1,723 1,972 1,748 1,769 2,012 3,142 2,426 2,234 2,564
Net Nonoperating Expense (NNE)		 -18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.34 0.00
Net Nonoperating Obligations (NNO)		 -134 30 -293 188 448 293 -787 -246 17 -236
Total Depreciation and Amortization (D&A)		 359 410 400 390 421 449 432 449 473 485
Debt-free, Cash-free Net Working Capital to Revenue		 17.62% 23.67% 18.08% 17.38% 20.15% 23.50% 20.45% 17.23% 21.62% 20.40%
Debt-free Net Working Capital to Revenue		 64.70% 72.29% 73.08% 60.59% 66.33% 76.01% 95.97% 84.96% 86.14% 81.65%
Net Working Capital to Revenue		 64.70% 72.29% 73.08% 60.59% 66.33% 76.01% 95.97% 84.96% 86.14% 81.65%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $7.87 $3.11 $2.09 $4.43 $2.57 $3.69 $4.90 $3.68 ($0.90) $2.93
Adjusted Weighted Average Basic Shares Outstanding		 125.37M 124.77M 121.57M 119.01M 110.19M 106.86M 106.04M 95.66M 88.99M 93.14M
Adjusted Diluted Earnings per Share		 $7.40 $2.92 $1.91 $4.06 $2.44 $3.54 $4.63 $3.51 ($0.90) $2.68
Adjusted Weighted Average Diluted Shares Outstanding		 133.24M 132.63M 132.48M 129.77M 116.08M 113.48M 113.67M 101.00M 88.99M 102.39M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 134.22M 137.85M 141.04M 149.53M 121.79M 121.23M 126.25M 140.49M 138.11M 135.63M
Normalized Net Operating Profit after Tax (NOPAT)		 -12 394 578 532 298 403 543 392 -56 287
Normalized NOPAT Margin		 -0.48% 16.52% 21.42% 18.46% 11.16% 15.21% 16.57% 13.75% -2.16% 9.13%
Pre Tax Income Margin		 -0.69% 21.71% 30.60% 23.60% 14.72% 18.97% 22.11% 18.10% -3.08% 12.31%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 4,680.29% 85.92% 133.40% 69.97% 90.08% 49.53% 38.22% 54.51% -312.14% 63.07%
Augmented Payout Ratio		 7,314.41% 162.17% 251.45% 173.80% 256.24% 73.18% 113.08% 230.75% -1,512.59% 83.83%

Quarterly Metrics and Ratios for Lazard

This table displays calculated financial ratios and metrics derived from Lazard's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 1.17% -27.74% -21.54% 0.25% -27.23% 12.83% 39.79% 6.90% 48.65% 1.61%
EBITDA Growth		 60.32% -74.72% -68.34% -83.63% -62.21% 1.12% 124.39% 395.54% 164.18% 18.18%
EBIT Growth		 2.05% -72.74% -123.12% -187.47% -103.07% -1.70% 247.77% 157.82% 3,418.65% 48.94%
NOPAT Growth		 6.30% -72.99% -121.37% -184.07% -102.77% 25.29% 255.62% 167.56% 3,515.84% 9.51%
Net Income Growth		 6.30% -72.99% -112.56% -231.34% -94.48% 25.29% 364.65% 143.24% 1,614.42% 9.51%
EPS Growth		 12.77% -74.19% -125.71% -253.26% -94.34% 50.00% 229.63% 134.75% 1,600.00% 13.89%
Operating Cash Flow Growth		 9.15% -30.59% -92.67% -32.69% -92.29% 8.68% 78.13% -12.32% 777.09% 6.22%
Free Cash Flow Firm Growth		 248.57% -114.10% 1,802.75% -43.07% -51.72% 653.20% -89.60% -111.54% -44.71% -72.58%
Invested Capital Growth		 -36.48% 16.98% -59.71% -42.60% -32.53% -42.07% -10.88% 13.96% -13.25% -9.90%
Revenue Q/Q Growth		 12.98% -1.95% -23.22% 17.87% -17.99% 52.03% -4.88% -9.87% 14.04% 3.91%
EBITDA Q/Q Growth		 12.00% -45.87% -47.35% -48.72% 158.60% 44.84% 16.83% 13.24% 37.86% -35.20%
EBIT Q/Q Growth		 25.67% -53.75% -150.48% -198.11% 95.59% 1,580.28% -24.11% 16.64% 153.28% -33.57%
NOPAT Q/Q Growth		 33.98% -53.53% -145.29% -198.11% 95.59% 2,202.83% -43.74% 29.41% 123.11% -32.58%
Net Income Q/Q Growth		 33.98% -53.53% -126.63% -692.00% 105.63% 955.42% -43.74% 29.41% 123.11% -32.58%
EPS Q/Q Growth		 15.22% -54.72% -156.25% -422.22% 104.26% 1,100.00% -51.39% 40.00% 108.16% -19.61%
Operating Cash Flow Q/Q Growth		 45.52% -27.67% -230.89% 148.85% -83.34% 920.05% -126.34% 295.85% 66.66% 23.54%
Free Cash Flow Firm Q/Q Growth		 -4.03% -110.32% 1,632.95% -62.50% -18.62% 18.25% -71.18% -141.63% 489.80% -41.37%
Invested Capital Q/Q Growth		 -6.50% -22.32% -6.43% -15.54% 9.90% -33.30% 43.94% 8.01% -16.34% -30.73%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 43.61% 35.12% 19.92% 13.60% 32.87% 32.28% 29.87% 36.08% 42.36% 36.30%
EBITDA Margin		 38.79% 21.42% 14.69% 6.39% 20.15% 19.19% 23.57% 29.62% 35.80% 22.33%
Operating Margin		 21.19% 9.99% -6.57% -16.62% -0.89% 8.71% 6.95% 8.99% 19.96% 12.76%
EBIT Margin		 21.19% 9.99% -6.57% -16.62% -0.89% 8.71% 6.95% 8.99% 19.96% 12.76%
Profit (Net Income) Margin		 16.45% 7.80% -2.70% -18.18% 1.25% 8.66% 5.12% 7.35% 14.38% 9.33%
Tax Burden Percent		 77.65% 78.02% 41.16% 109.36% -139.47% 99.44% 73.72% 81.79% 72.05% 73.12%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.35% 21.98% 0.00% 0.00% 0.00% 0.56% 26.28% 18.21% 27.95% 26.88%
Return on Invested Capital (ROIC)		 30.74% 23.70% -7.53% -28.65% -1.43% 28.07% 16.10% 24.58% 54.75% 52.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 30.74% 23.70% -5.69% -58.23% 3.34% 28.07% 16.10% 24.58% 54.75% 52.54%
Return on Net Nonoperating Assets (RNNOA)		 6.00% -8.41% -3.07% -8.97% 0.81% -3.52% 9.32% 13.88% 16.31% -8.63%
Return on Equity (ROE)		 36.74% 15.29% -10.60% -37.61% -0.62% 24.55% 25.42% 38.45% 71.06% 43.91%
Cash Return on Invested Capital (CROIC)		 77.19% 26.13% 100.66% 58.16% 33.80% 46.27% 11.30% 6.87% 48.26% 61.83%
Operating Return on Assets (OROA)		 10.27% 4.39% -3.11% -7.94% -0.43% 4.31% 4.27% 5.64% 13.70% 8.50%
Return on Assets (ROA)		 7.98% 3.43% -1.28% -8.68% 0.59% 4.28% 3.15% 4.61% 9.87% 6.21%
Return on Common Equity (ROCE)		 18.82% 8.04% -6.44% -21.27% -0.33% 13.16% 18.91% 28.76% 55.33% 34.87%
Return on Equity Simple (ROE_SIMPLE)		 97.52% 0.00% 56.78% 12.30% -19.85% 0.00% -0.48% 37.18% 44.84% 0.00%
Net Operating Profit after Tax (NOPAT)		 123 57 -26 -77 -3.40 71 40 52 116 78
NOPAT Margin		 16.45% 7.80% -4.60% -11.63% -0.63% 8.66% 5.12% 7.35% 14.38% 9.33%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -1.84% 29.59% -4.77% 0.00% 0.00% 0.00% 0.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.41% - - - 3.29% - - - 3.30%
Cost of Revenue to Revenue		 56.39% 64.88% 80.08% 86.40% 67.13% 67.72% 70.13% 63.92% 57.64% 63.70%
SG&A Expenses to Revenue		 9.41% 11.40% 15.78% 13.67% 15.16% 10.96% 9.77% 11.93% 9.19% 11.38%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 22.42% 25.12% 26.49% 30.22% 33.77% 23.57% 22.93% 27.09% 22.40% 23.54%
Earnings before Interest and Taxes (EBIT)		 158 73 -37 -110 -4.86 72 55 64 161 107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 290 157 83 42 109 158 185 210 289 187
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 14.37 11.14 10.92 10.83
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 78.97 29.69 28.38
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 2.00 1.78 2.18 2.19
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.67 26.52 24.61
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.22% 2.65% 2.98% 3.92%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.06% 3.77% 4.06%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 7.22 6.10 9.12 12.82
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 2.16 1.94 2.23 2.16
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 12.31 8.39 8.26 7.78
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 528.87 30.03 19.81 17.54
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.61 24.86 23.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 12.54 12.06 9.64 9.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 60.20 94.58 17.55 19.66
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.34 1.34 2.82 3.38 3.37 2.97 3.45 3.11 2.42 2.21
Long-Term Debt to Equity		 1.34 1.34 2.82 3.38 3.37 2.97 3.45 3.11 2.42 2.21
Financial Leverage		 0.20 -0.35 0.54 0.15 0.24 -0.13 0.58 0.56 0.30 -0.16
Leverage Ratio		 4.61 4.46 5.33 5.95 5.98 5.74 8.07 8.34 7.20 7.07
Compound Leverage Factor		 4.61 4.46 5.33 5.95 5.98 5.74 8.07 8.34 7.20 7.07
Debt to Total Capital		 57.33% 57.28% 73.85% 77.18% 77.12% 74.79% 77.52% 75.68% 70.79% 68.81%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 57.33% 57.28% 73.85% 77.18% 77.12% 74.79% 77.52% 75.68% 70.79% 68.81%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 23.62% 23.84% 6.41% 6.37% 6.39% 6.46% 6.04% 5.58% 5.36% 5.24%
Common Equity to Total Capital		 19.05% 18.89% 19.75% 16.45% 16.49% 18.75% 16.44% 18.74% 23.85% 25.95%
Debt to EBITDA		 1.18 1.75 2.14 2.96 4.32 4.30 3.74 2.79 2.20 1.94
Net Debt to EBITDA		 0.03 -0.25 0.44 0.53 0.97 0.04 0.62 0.48 0.00 -0.27
Long-Term Debt to EBITDA		 1.18 1.75 2.14 2.96 4.32 4.30 3.74 2.79 2.20 1.94
Debt to NOPAT		 3.09 4.30 6.59 38.14 -30.66 -30.20 -982.72 10.86 6.62 5.88
Net Debt to NOPAT		 0.09 -0.63 1.37 6.80 -6.87 -0.30 -163.26 1.86 0.00 -0.82
Long-Term Debt to NOPAT		 3.09 4.30 6.59 38.14 -30.66 -30.20 -982.72 10.86 6.62 5.88
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.00 2.44 2.44 2.78 2.83
Noncontrolling Interest Sharing Ratio		 48.78% 47.40% 39.27% 43.45% 47.53% 46.40% 25.62% 25.21% 22.14% 20.58%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Quick Ratio		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 871 -90 1,379 517 421 498 143 -60 233 136
Operating Cash Flow to CapEx		 8,308.99% 1,297.57% -8,924.47% 2,760.93% 461.08% 3,947.26% -1,361.98% 3,893.97% 0.00% 2,458.69%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.48 0.44 0.47 0.48 0.48 0.49 0.62 0.63 0.69 0.67
Accounts Receivable Turnover		 5.61 4.92 4.62 4.86 4.64 4.93 5.81 5.29 6.04 5.23
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 13.46 11.42 10.91 11.54 11.15 10.75 11.90 12.52 16.11 15.98
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 65.07 74.23 79.03 75.03 78.65 74.07 62.82 69.03 60.43 69.81
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 65.07 74.23 79.03 75.03 78.65 74.07 62.82 69.03 60.43 69.81
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,304 1,013 948 800 880 587 845 912 763 529
Invested Capital Turnover		 1.87 3.04 1.64 2.46 2.29 3.24 3.14 3.34 3.81 5.63
Increase / (Decrease) in Invested Capital		 -749 147 -1,405 -594 -424 -426 -103 112 -117 -58
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 6,097 5,562 6,958 6,780
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 5,645 5,108 6,820 6,888
Book Value per Share		 $4.97 $3.99 $3.21 $2.59 $2.61 $3.07 $4.30 $3.39 $4.61 $4.71
Tangible Book Value per Share		 $1.64 $1.28 $0.41 ($0.25) ($0.24) $0.21 ($0.02) $0.48 $1.70 $1.80
Total Capital		 2,943 2,947 2,286 2,188 2,191 2,260 2,388 2,447 2,617 2,452
Total Debt		 1,687 1,688 1,688 1,689 1,690 1,690 1,851 1,852 1,853 1,687
Total Long-Term Debt		 1,687 1,688 1,688 1,689 1,690 1,690 1,851 1,852 1,853 1,687
Net Debt		 48 -246 350 301 378 17 308 317 -1.29 -236
Capital Expenditures (CapEx)		 5.23 24 4.61 7.28 7.26 8.65 6.61 4.53 -177 15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 571 492 510 528 506 561 460 555 529 641
Debt-free Net Working Capital (DFNWC)		 2,210 2,426 1,848 1,916 1,817 2,234 2,004 2,090 2,383 2,564
Net Working Capital (NWC)		 2,210 2,426 1,848 1,916 1,817 2,234 2,004 2,090 2,383 2,564
Net Nonoperating Expense (NNE)		 0.00 0.00 -11 43 -10 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 48 -246 350 301 378 17 308 317 -1.29 -236
Total Depreciation and Amortization (D&A)		 131 84 119 152 114 87 131 146 128 80
Debt-free, Cash-free Net Working Capital to Revenue		 18.21% 17.23% 18.88% 19.54% 20.25% 21.62% 16.32% 19.38% 16.93% 20.40%
Debt-free Net Working Capital to Revenue		 70.48% 84.96% 68.43% 70.90% 72.71% 86.14% 71.13% 73.00% 76.23% 81.65%
Net Working Capital to Revenue		 70.48% 84.96% 68.43% 70.90% 72.71% 86.14% 71.13% 73.00% 76.23% 81.65%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.11 $0.52 ($0.27) ($1.41) $0.07 $0.71 $0.38 $0.53 $1.13 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 93.28M 95.66M 87.59M 88.73M 89.43M 88.99M 91.26M 92.89M 93.63M 93.14M
Adjusted Diluted Earnings per Share		 $1.06 $0.48 ($0.27) ($1.41) $0.06 $0.72 $0.35 $0.49 $1.02 $0.82
Adjusted Weighted Average Diluted Shares Outstanding		 98.87M 101.00M 87.59M 88.73M 94.31M 88.99M 99.35M 100.63M 103.48M 102.39M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 139.62M 140.49M 138.87M 138.66M 138.12M 138.11M 135.33M 135.36M 135.06M 135.63M
Normalized Net Operating Profit after Tax (NOPAT)		 123 57 -26 -77 -3.40 71 40 52 116 78
Normalized NOPAT Margin		 16.45% 7.80% -4.60% -11.63% -0.63% 8.66% 5.12% 7.35% 14.38% 9.33%
Pre Tax Income Margin		 21.19% 9.99% -6.57% -16.62% -0.89% 8.71% 6.95% 8.99% 19.96% 12.76%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 39.87% 54.51% 80.90% 455.67% -254.25% -312.14% -9,512.47% 105.33% 65.11% 63.07%
Augmented Payout Ratio		 173.79% 230.75% 549.37% 2,717.33% -1,324.11% -1,512.59% -10,846.39% 130.99% 80.80% 83.83%

Frequently Asked Questions About Lazard's Financials

When does Lazard's financial year end?

According to the most recent income statement we have on file, Lazard's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Lazard's net income changed over the last 9 years?

Over the last 9 years, Lazard's net income changed from $6.56 million in 2015 to $286.71 million in 2024, a change of 4,271.2%.

What is Lazard's operating income?
Lazard's total operating income in 2024 was $386.47 million, based on the following breakdown:
  • Total Gross Profit: $1.14 billion
  • Total Operating Expenses: $750.22 million
How has Lazard revenue changed over the last 9 years?

Over the last 9 years, Lazard's total revenue changed from $2.40 billion in 2015 to $3.14 billion in 2024, a change of 30.6%.

How much debt does Lazard have?

Lazard's total liabilities were at $4.03 billion at the end of 2024, a 0.9% decrease from 2023, and a 29.5% increase since 2015.

How much cash does Lazard have?

In the past 9 years, Lazard's cash and equivalents has ranged from $971.32 million in 2023 to $1.48 billion in 2017, and is currently $1.31 billion as of their latest financial filing in 2024.

How has Lazard's book value per share changed over the last 9 years?

Over the last 9 years, Lazard's book value per share changed from 9.80 in 2015 to 4.71 in 2024, a change of -51.9%.


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This page (NYSE:LAZ) was last updated on 4/25/2025 by MarketBeat.com Staff
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