Lazard Ltd
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 in 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 … Read more
Lazard Ltd (LAZ) - Net Assets
Latest net assets as of December 2025: $989.13 Million USD
Based on the latest financial reports, Lazard Ltd (LAZ) has net assets worth $989.13 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.94 Billion) and total liabilities ($3.95 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $989.13 Million |
| % of Total Assets | 20.02% |
| Annual Growth Rate | 1.85% |
| 5-Year Change | -40.16% |
| 10-Year Change | -23.55% |
| Growth Volatility | 71.19 |
Lazard Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Lazard Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lazard Ltd (2002–2025)
The table below shows the annual net assets of Lazard Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $989.13 Million | +29.33% |
| 2024-12-31 | $764.78 Million | +34.20% |
| 2023-12-31 | $569.86 Million | -54.73% |
| 2022-12-31 | $1.26 Billion | -23.84% |
| 2021-12-31 | $1.65 Billion | +65.39% |
| 2020-12-31 | $999.43 Million | +46.64% |
| 2019-12-31 | $681.57 Million | -29.74% |
| 2018-12-31 | $970.09 Million | -23.02% |
| 2017-12-31 | $1.26 Billion | -2.60% |
| 2016-12-31 | $1.29 Billion | -5.38% |
| 2015-12-31 | $1.37 Billion | +77.69% |
| 2014-12-31 | $769.47 Million | +22.14% |
| 2013-12-31 | $630.00 Million | -3.31% |
| 2012-12-31 | $651.54 Million | -24.84% |
| 2011-12-31 | $866.86 Million | +8.89% |
| 2010-12-31 | $796.12 Million | +52.19% |
| 2009-12-31 | $523.10 Million | +67.79% |
| 2008-12-31 | $311.75 Million | +153.22% |
| 2007-12-31 | $123.11 Million | +166.60% |
| 2006-12-31 | $-184.86 Million | +75.64% |
| 2005-12-31 | $-758.94 Million | -235.64% |
| 2004-12-31 | $559.52 Million | +4.44% |
| 2003-12-31 | $535.73 Million | -17.44% |
| 2002-12-31 | $648.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lazard Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 148810700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.49 Billion | 170.33% |
| Common Stock | $1.12 Million | 0.13% |
| Other Comprehensive Income | $-271.51 Million | -31.08% |
| Total Equity | $873.65 Million | 100.00% |
Lazard Ltd Competitors by Market Cap
The table below lists competitors of Lazard Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ryan Specialty Group Holdings Inc
NYSE:RYAN
|
$3.94 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
$3.94 Billion |
|
E Ink Holdings
TWO:8069
|
$3.95 Billion |
|
Nissan Chemical Corporation
PINK:NNCHF
|
$3.95 Billion |
|
Kymera Therapeutics Inc
NASDAQ:KYMR
|
$3.93 Billion |
|
Allete Inc
NYSE:ALE
|
$3.93 Billion |
|
ORLA MINING (NEW)
F:O8M
|
$3.93 Billion |
|
TongKun Group Co Ltd
SHG:601233
|
$3.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lazard Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 636,240,000 to 873,655,000, a change of 237,415,000 (37.3%).
- Net income of 236,831,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 55,233,000.
- Other factors decreased equity by 54,649,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $236.83 Million | +27.11% |
| Other Comprehensive Income | $55.23 Million | +6.32% |
| Other Changes | $-54.65 Million | -6.26% |
| Total Change | $- | 37.32% |
Book Value vs Market Value Analysis
This analysis compares Lazard Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.16x to 4.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $18.79 | $40.52 | x |
| 2002-12-31 | $17.30 | $40.52 | x |
| 2003-12-31 | $14.29 | $40.52 | x |
| 2004-12-31 | $10.26 | $40.52 | x |
| 2005-12-31 | $-23.18 | $40.52 | x |
| 2006-12-31 | $-5.44 | $40.52 | x |
| 2007-12-31 | $1.13 | $40.52 | x |
| 2008-12-31 | $1.97 | $40.52 | x |
| 2009-12-31 | $4.54 | $40.52 | x |
| 2010-12-31 | $4.71 | $40.52 | x |
| 2011-12-31 | $5.28 | $40.52 | x |
| 2012-12-31 | $4.40 | $40.52 | x |
| 2013-12-31 | $4.19 | $40.52 | x |
| 2014-12-31 | $5.28 | $40.52 | x |
| 2015-12-31 | $9.86 | $40.52 | x |
| 2016-12-31 | $9.32 | $40.52 | x |
| 2017-12-31 | $9.07 | $40.52 | x |
| 2018-12-31 | $7.07 | $40.52 | x |
| 2019-12-31 | $5.25 | $40.52 | x |
| 2020-12-31 | $8.03 | $40.52 | x |
| 2021-12-31 | $8.58 | $40.52 | x |
| 2022-12-31 | $5.51 | $40.52 | x |
| 2023-12-31 | $4.76 | $40.52 | x |
| 2024-12-31 | $6.21 | $40.52 | x |
| 2025-12-31 | $8.22 | $40.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lazard Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.43%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 5.66x
- Recent ROE (27.11%) is below the historical average (39.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 43.39% | 0.00% | 0.00x | 5.07x | $235.31 Million |
| 2002 | 45.84% | 0.00% | 0.00x | 3.79x | $232.56 Million |
| 2003 | 46.74% | 20.30% | 0.38x | 6.08x | $196.81 Million |
| 2004 | 64.18% | 22.56% | 0.31x | 9.09x | $208.49 Million |
| 2005 | 0.00% | 11.03% | 0.68x | 0.00x | $230.55 Million |
| 2006 | 0.00% | 6.23% | 0.47x | 0.00x | $117.02 Million |
| 2007 | 220.42% | 8.08% | 0.50x | 54.60x | $148.01 Million |
| 2008 | 1.25% | 0.20% | 0.54x | 11.42x | $-21.92 Million |
| 2009 | -36.65% | -8.51% | 0.49x | 8.85x | $-165.78 Million |
| 2010 | 26.82% | 8.83% | 0.58x | 5.25x | $109.74 Million |
| 2011 | 24.09% | 9.18% | 0.62x | 4.24x | $102.30 Million |
| 2012 | 14.80% | 4.24% | 0.67x | 5.24x | $27.34 Million |
| 2013 | 28.60% | 7.78% | 0.68x | 5.38x | $104.19 Million |
| 2014 | 60.51% | 18.12% | 0.70x | 4.74x | $356.66 Million |
| 2015 | 75.10% | 41.11% | 0.53x | 3.42x | $855.03 Million |
| 2016 | 31.37% | 16.30% | 0.52x | 3.69x | $264.10 Million |
| 2017 | 21.11% | 9.42% | 0.55x | 4.10x | $133.48 Million |
| 2018 | 57.49% | 18.36% | 0.57x | 5.45x | $435.44 Million |
| 2019 | 46.97% | 10.81% | 0.47x | 9.29x | $225.50 Million |
| 2020 | 44.14% | 15.24% | 0.44x | 6.55x | $311.28 Million |
| 2021 | 54.15% | 16.16% | 0.46x | 7.33x | $430.54 Million |
| 2022 | 64.25% | 12.65% | 0.48x | 10.52x | $301.87 Million |
| 2023 | -17.81% | -2.96% | 0.55x | 10.94x | $-117.85 Million |
| 2024 | 43.99% | 9.07% | 0.64x | 7.53x | $216.29 Million |
| 2025 | 27.11% | 7.43% | 0.64x | 5.66x | $149.47 Million |
Industry Comparison
This section compares Lazard Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lazard Ltd (LAZ) | $989.13 Million | 43.39% | 4.00x | $3.94 Billion |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |