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LAZ

Neutral signalScored 2026-08-31 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.

Research, not advice.

À propos

Lazard Inc

Nom
Lazard Inc
Secteur
Financial Services
Industrie
Financial - Capital Markets
Bourse
NYSE
Capitalisation
$3.7B
Employés
3,309
PDG
Peter R. Orszag
Site web
https://www.lazard.com
Marché
AUBBGCFFINMCNNIPIPR

Lazard, Inc. operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers and retail; financial institutions; financial sponsors; healthcare and life sciences; industrials; media, entertainment, and sports; power, energy, and infrastructure; real estate; technology; and telecom and digital infrastructure. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

VENTE TOTALE: 125 000 titres (~5 440 037,50 $ US)

Insiders
Orszag Peter Richard
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$5,440,038

Avg sell (VWAP, 90d window) $43.52 vs last close —

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

$5,440,038 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.

Last activity
2026-08-25
Last synced
2026-08-31 10:14:36 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-08-25 Orszag Peter Richard Sell · S · 10b5-1 125,000 $43.52 $5,440,038 Form 4

Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

No STOCK Act disclosures for this company in this window.

Recent trades

DateRepresentativeTypeAmount
2025-06-23James French HillSale$50,001 - $100,000
2025-03-31Jefferson ShreveSale$15,001 - $50,000

Signal

Neutral signalScored 2026-08-31 Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.

The 0-100 score behind this signal and the full written analysis are part of Plus. See plans.

Neutral signal Drivers: fundamentals. Insiders: neutral. Moteurs : fondamentaux. Initiés : neutre.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Unavailable or mixed. – Insider: neutral. All sales (≈ $5.4M) were pre-planned Rule 10b5-1 trades, excluded from the score. No open-market buys or discretionary sales. – Initiés : neutre. Toutes les ventes (≈ $5.4M) sont sous plan 10b5-1 préétabli, exclues du score. Aucun achat ni vente discrétionnaire.
  • Congress Unavailable or mixed. No purchase disclosures in the stored window
  • Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
  • Timing Unavailable or mixed. No stored price series
  • Financial indicators Supports a bullish reading. Current ratio 29.35 · operating margin 13%

Market snapshot

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin31.8%35.1%23.7%41.4%42.0%
Ebit Margin13.0%15.4%-0.1%21.2%24.6%
Ebitda Margin14.1%16.6%1.6%22.7%25.8%
Operating Profit Margin13.0%12.5%-3.1%18.3%22.1%
Pretax Profit Margin10.3%12.5%-3.1%18.3%22.1%
Continuous Operations Profit Margin7.9%9.3%-2.2%13.9%16.6%
Net Profit Margin7.4%9.1%-3.0%12.7%16.2%
Bottom Line Profit Margin7.2%8.8%-3.1%12.5%16.1%
Current Ratio29.3462.9182.2192.1052.100
Quick Ratio29.3462.9182.2192.2442.100
Solvency Ratio0.0690.079-0.0080.0870.103
Cash Ratio18.6381.4590.9410.7890.680
Price To Earnings Ratio19.98417.570-38.6679.4218.904
Price To Earnings Growth Ratio-1.171-0.0410.311-0.3780.272
Forward Price To Earnings Growth Ratio-1.171-0.0410.311-0.3780.272
Price To Earnings Diluted Ratio22.37819.209-38.6679.8779.423
Price To Earnings Diluted Growth Ratio-1.176-0.0480.308-0.4080.306
Price To Book Ratio5.4187.5367.3085.9604.744
Price To Sales Ratio1.4861.5541.2141.1741.416
Price To Free Cash Flow Ratio9.3696.87622.7114.2285.598
Price To Operating Cash Flow Ratio8.8126.45518.8083.9775.342
Debt To Assets Ratio0.5220.4570.4690.3760.313
Debt To Equity Ratio2.9503.4465.1343.9562.295
Debt To Capital Ratio0.7470.7750.8370.7980.696
Long Term Debt To Capital Ratio0.7050.7260.8000.7520.633
Financial Leverage Ratio5.6557.53510.94010.5177.329
Working Capital Turnover Ratio1.5912.0731.7091.3791.699
Operating Cash Flow Ratio6.6590.8280.1590.5330.402
Operating Cash Flow Sales Ratio0.1690.2410.0650.2950.265
Free Cash Flow Operating Cash Flow Ratio0.9410.9390.8280.9410.954
Debt Service Coverage Ratio2.2154.6730.8186.3348.192
Interest Coverage Ratio4.7404.388-1.0296.3408.962
Short Term Operating Cash Flow Coverage Ratio6.6590.0000.0000.0000.000
Operating Cash Flow Coverage Ratio0.2080.3390.0760.3790.387
Capital Expenditure Coverage Ratio16.81516.3275.81916.84421.817
Dividend Paid And Capex Coverage Ratio2.4583.3090.8183.6043.675
Dividend Payout Ratio0.7880.640-2.2930.5090.371
Enterprise Value Multiple12.92311.108105.1536.6856.405

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 31.8% ▼-3.3% ▼-3.0%
Ebit Margin 13.0% ▼-2.4% ▼-1.8%
Ebitda Margin 14.1% ▼-2.5% ▼-2.0%
Operating Profit Margin 13.0% ▲0.5% ▲0.5%
Pretax Profit Margin 10.3% ▼-2.2% ▼-1.7%
Continuous Operations Profit Margin 7.9% ▼-1.4% ▼-1.2%
Net Profit Margin 7.4% ▼-1.6% ▼-1.0%
Bottom Line Profit Margin 7.2% ▼-1.6% ▼-1.1%
Current Ratio 29.346 ▲26.428 ▲21.608
Quick Ratio 29.346 ▲26.428 ▲21.581
Solvency Ratio 0.069 ▼-0.010 ▲0.003
Cash Ratio 18.638 ▲17.179 ▲14.136
Price To Earnings Ratio 19.983 ▲2.414 ▲16.541
Price To Earnings Growth Ratio -1.171 ▼-1.130 ▼-0.969
Forward Price To Earnings Growth Ratio -1.171 ▼-1.130 ▼-0.969
Price To Earnings Diluted Ratio 22.378 ▲3.169 ▲17.934
Price To Earnings Diluted Growth Ratio -1.176 ▼-1.128 ▼-0.972
Price To Book Ratio 5.418 ▼-2.118 ▼-0.775
Price To Sales Ratio 1.486 ▼-0.068 ▲0.117
Price To Free Cash Flow Ratio 9.369 ▲2.493 ▼-0.387
Price To Operating Cash Flow Ratio 8.812 ▲2.357 ▲0.133
Debt To Assets Ratio 0.522 ▲0.064 ▲0.094
Debt To Equity Ratio 2.950 ▼-0.496 ▼-0.606
Debt To Capital Ratio 0.747 ▼-0.028 ▼-0.024
Long Term Debt To Capital Ratio 0.706 ▼-0.021 ▼-0.018
Financial Leverage Ratio 5.655 ▼-1.880 ▼-2.740
Working Capital Turnover Ratio 1.591 ▼-0.482 ▼-0.100
Operating Cash Flow Ratio 6.659 ▲5.831 ▲4.943
Operating Cash Flow Sales Ratio 0.169 ▼-0.072 ▼-0.038
Free Cash Flow Operating Cash Flow Ratio 0.941 ▲0.002 ▲0.020
Debt Service Coverage Ratio 2.216 ▼-2.457 ▼-2.231
Interest Coverage Ratio 4.740 ▲0.352 ▲0.060
Short Term Operating Cash Flow Coverage Ratio 6.659 ▲6.659 ▲5.327
Operating Cash Flow Coverage Ratio 0.208 ▼-0.130 ▼-0.069
Capital Expenditure Coverage Ratio 16.815 ▲0.489 ▲1.291
Dividend Paid And Capex Coverage Ratio 2.458 ▼-0.850 ▼-0.315
Dividend Payout Ratio 0.788 ▲0.148 ▲0.785
Enterprise Value Multiple 12.923 ▲1.816 ▼-15.531

Key metrics

MetricTrend20252024202320222021
Market cap$4.73B$4.79B$3.10B$3.32B$4.63B
Enterprise value$5.81B$5.68B$4.30B$4.28B$5.40B
EV / Sales1.82x1.84x1.69x1.52x1.65x
EV / Op. cash flow10.81x7.64x26.12x5.14x6.23x
EV / Free cash flow11.49x8.14x31.54x5.46x6.53x
EV / EBITDA12.92x11.11x105.15x6.68x6.41x
Net debt / EBITDA2.39x1.73x29.44x1.51x0.92x
Current ratio29.35x2.92x2.22x2.10x2.10x
Income quality2.33x2.72x-2.18x2.12x1.60x
Graham number$22$21—$22$32
Graham net-net-$16-$20-$25-$23-$19
Tax burden72.3%72.4%94.4%69.2%73.0%
Interest burden78.9%81.4%3500.7%86.4%90.0%
Working capital$2.29B$1.72B$1.26B$1.73B$2.37B
Invested capital$3.26B$2.71B$2.29B$2.79B$3.46B
Return on assets4.8%5.8%-1.6%6.1%7.4%
Operating ROA8.5%8.2%-1.5%8.0%11.0%
Return on tangible assets5.2%6.4%-1.8%6.5%7.8%
Return on equity27.1%44.0%-17.8%64.2%54.1%
Return on invested capital8.8%7.4%-1.6%9.2%10.9%
Return on capital employed8.5%9.9%-2.2%12.1%14.5%
Earnings yield5.0%5.8%-2.4%10.8%11.4%
Free cash flow yield10.7%14.5%4.4%23.7%17.9%
Capex / Op. cash flow5.9%6.1%17.2%5.9%4.6%
Capex / Depreciation93.4%125.4%6.0%48.1%35.3%
Capex / Sales1.0%1.5%1.1%1.8%1.2%
SG&A / Sales3.7%13.8%16.9%13.6%11.6%
R&D / Sales0.0%0.0%0.0%0.0%0.0%
Stock comp / Sales0.0%14.5%9.8%14.4%12.1%
Intangibles / Total assets8.0%8.2%8.5%6.4%5.3%
Days sales outstanding103d95d119d84d95d
Days payables outstanding0d0d0d0d0d
Operating cycle103d95d119d36d95d
Cash conversion cycle103d95d119d36d95d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▼-1.3%EV / Sales ▼-0.9%EV / EBITDA ▲+16.3%EV / Op. cash flow ▲+3.167Earnings yield ▼-0.008Graham number ▲+0.642
Profitability
Return on equity ▼-0.169Return on assets ▼-0.010Return on invested capital ▲+0.014Return on capital employed ▼-0.014Operating ROA ▲+0.003Income quality ▼-0.394Tax burden ▼-0.001
Efficiency
Days sales outstanding ▲+8.189Days payables outstanding n/aOperating cycle ▲+8.189Cash conversion cycle ▲+8.189Capex / Sales ▼-0.005R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+26.428Net debt / EBITDA ▲+0.661Working capital ▲+566398000.000Invested capital ▲+553334000.000Intangibles / Total assets ▼-0.002

Change over 5 years

Valuation
Market cap ▲+2.3%EV / Sales ▲+10.3%EV / EBITDA ▲+101.8%EV / Op. cash flow ▲+4.578Earnings yield ▼-0.064Graham number ▼-9.968
Profitability
Return on equity ▼-0.270Return on assets ▼-0.026Return on invested capital ▼-0.021Return on capital employed ▼-0.060Operating ROA ▼-0.025Income quality ▲+0.730Tax burden ▼-0.007
Efficiency
Days sales outstanding ▲+7.342Days payables outstanding n/aOperating cycle ▲+7.342Cash conversion cycle ▲+7.342Capex / Sales ▼-0.002R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+27.246Net debt / EBITDA ▲+1.474Working capital ▼-82641000.000Invested capital ▼-202420000.000Intangibles / Total assets ▲+0.027

Employee count

Peer market caps

Recent news