Lazard, Inc. (LAZ)

From the record

Lazard, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Lazard, Inc.'s 10 filed years say what it did: revenue went from $2.4 billion in fiscal 2016 to $3.2 billion in fiscal 2025, up 3.3% a year; it rose in 5 of 9 years; the deepest fall was 21% from fiscal 2021 to fiscal 2023; net income was positive in 9 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Lazard, Inc.'s diluted share count grew about 1.7% a year, and dividends and buybacks returned about 55% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 5 sales (5 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Lazard, Inc. earned about 26 cents of profit for every dollar of shareholders' money. Leverage: it owed about 82 cents per dollar of assets, and net share issuance: its share count grew 3.9% over the year (the filed statements).

From the record

Lazard, Inc.'s standing among 43 graded names in its industry family: revenue of $3.2 billion in fiscal 2025 ranks in the top 30% by size; a net margin of 7.4% ranks in the bottom 27%; revenue growth of 3.7% a year over the last 3 filed years ranks in the bottom 32% (its annual reports).

From the record

Lazard, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Orszag, Peter Richard (CEO & Chairman, as filed), filing under that title since 2023-11-21, 3 years (bottom 21% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 5%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Lazard, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.5 billion against debt of $1.7 billion leaves -4.4% of its assets as net cash, bottom 26% of its family; cash from operations less capital spending is 15.3% of revenue (bottom 41%) (its annual report).

From the record

Lazard, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 3.7% a year over the last three filed years against 3.3% over all 10, speeding up (top 35% of its family); the newest year grew 1.5% (bottom 26%); capital spending grew -13.6% a year (bottom 28%) (its annual reports). Lazard, Inc. reported 2 lines of business in fiscal 2025: Financial Advisory at $1.8 billion, Asset Management at $1.3 billion. 2 of 2 grew in the latest filed year, and the largest line is 59% of revenue (its annual report).

From the record

Lazard, Inc.'s newest year against its own record: revenue of $3.2 billion in fiscal 2025 came in 3.2% below the $3.3 billion its prior three years' pace pointed to (bottom 42% of its family); net income of $237 million against a prior three-year average of $187 million (bottom 40%); a net margin of 7.4% against 6.2% before (bottom 45%) (its annual reports).