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Lazard has a storied history that can be traced back to 1848. The company's revenue is fairly evenly split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily driven by equities (over 80% of assets under management), has an international focus, and targets institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
2004
3.3K+
LTM Revenue $2.9B
LTM EBITDA $449M
$4.7B
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Lazard has a last 12-month revenue of $2.9B and a last 12-month EBITDA of $449M.
In the most recent fiscal year, Lazard achieved revenue of $3.1B and an EBITDA of $511M.
Lazard expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lazard valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.6B | $3.1B | XXX | XXX | XXX |
| Gross Profit | $1.1B | $494M | XXX | XXX | XXX |
| Gross Margin | 42% | 16% | XXX | XXX | XXX |
| EBITDA | $40.9M | $511M | XXX | XXX | XXX |
| EBITDA Margin | 2% | 17% | XXX | XXX | XXX |
| Net Profit | $358M | -$75.5M | XXX | XXX | XXX |
| Net Margin | 14% | -2% | XXX | XXX | XXX |
| Net Debt | $453M | $719M | XXX | XXX | XXX |
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As of March 14, 2025, Lazard's stock price is $45.
Lazard has current market cap of $4.0B, and EV of $4.7B.
See Lazard trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4.7B | $4.0B | XXX | XXX | XXX | XXX | $2.58 |
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Sign UpAs of March 14, 2025, Lazard has market cap of $4.0B and EV of $4.7B.
Lazard's trades at 1.6x LTM EV/Revenue multiple, and 10.4x LTM EBITDA.
Analysts estimate Lazard's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lazard and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $4.7B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 9.1x | XXX | XXX | XXX |
| P/E | 14.4x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 6.7x | XXX | XXX | XXX |
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Sign UpLazard's NTM/LTM revenue growth is 9%
Lazard's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Lazard's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lazard's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lazard and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1149% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 26% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 18% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ABN AMRO Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| ING Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Macquarie Group | XXX | XXX | XXX | XXX | XXX | XXX |
| National Australia Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lazard acquired XXX companies to date.
Last acquisition by Lazard was XXXXXXXX, XXXXX XXXXX XXXXXX . Lazard acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Lazard founded? | Lazard was founded in 2004. |
| Where is Lazard headquartered? | Lazard is headquartered in United States of America. |
| How many employees does Lazard have? | As of today, Lazard has 3.3K+ employees. |
| Who is the CEO of Lazard? | Lazard's CEO is Mr. Peter Richard Orszag. |
| Is Lazard publicy listed? | Yes, Lazard is a public company listed on NYS. |
| What is the stock symbol of Lazard? | Lazard trades under LAZ ticker. |
| When did Lazard go public? | Lazard went public in 2005. |
| Who are competitors of Lazard? | Similar companies to Lazard include e.g. ABN AMRO Bank, ING Group, Macquarie Group, National Australia Bank. |
| What is the current market cap of Lazard? | Lazard's current market cap is $4.0B |
| What is the current revenue of Lazard? | Lazard's last 12-month revenue is $2.9B. |
| What is the current EBITDA of Lazard? | Lazard's last 12-month EBITDA is $449M. |
| What is the current EV/Revenue multiple of Lazard? | Current revenue multiple of Lazard is 1.6x. |
| What is the current EV/EBITDA multiple of Lazard? | Current EBITDA multiple of Lazard is 10.4x. |
| What is the current revenue growth of Lazard? | Lazard revenue growth between 2023 and 2024 was 21%. |
| Is Lazard profitable? | Yes, Lazard is EBITDA-positive (as of the last 12 months). |
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