LazardLAZ -4.30%83 Net Margin % is 13.08% as of Mar. 2026, which is 12% above its 10-year median of 11.73. GuruFocus rates LAZ with a GF Score™ of 83/100 and a GF Value™ of $46.48 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 774 Capital Markets companies, Lazard ranks worse than 58.01% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Lazard's Net Income for the
three
months ended in Mar. 2026 was $101 Mil. Lazard's Revenue for the
three
months ended in Mar. 2026 was $772 Mil. Therefore, Lazard's net margin for the quarter that ended in Mar. 2026 was 13.08%.
The historical rank and industry rank for Lazard's Net Margin % or its related term are showing as below:
LAZ'
s Net Margin % Range Over the Past 10 Years
Min: -2.96 Med: 11.73 Max: 18.36
Current: 8.5
LAZ's Net Margin % is ranked worse than 58.01% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs LAZ: 8.50
Lazard (NYSE:LAZ) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Lazard Net Margin % Related Terms
Lazard Net Margin % Historical Data
* Premium members only.
The historical data trend for Lazard's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, Lazard's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lazard Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Lazard's Net Margin % distribution charts can be found below:
* The bar in red indicates where Lazard's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lazard (LAZ) has a Net Margin % of 13.08% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Lazard and its competitors. This is 12% above median its historical median of 11.73. According to the industry distribution chart, Lazard ranks #449 out of 774 companies in the Capital Markets industry, placing it in the top 58%.
Is Lazard's Net Margin % too high?
Lazard's current Net Margin % of 13.08% is 12% above median its 10-year median of 11.73. The Capital Markets industry median Net Margin % is 14.31. Lazard's value of 13.08% is 8.6% below this industry median. Based on the distribution chart, Lazard ranks #449 out of 774 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Lazard has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lazard's Net Margin % compare to CLSK and MKTX?
According to the Capital Markets industry distribution chart, Lazard ranks #449 out of 774 companies for Net Margin %. This places Lazard in the lower half of its industry. The industry median Net Margin % is 14.31. Lazard's value of 13.08% is 8.6% below this benchmark. While the company's 10-year median is 11.73 vs. the industry median of 14.31, Lazard has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lazard's current Net Margin % of 13.08% is 8.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Lazard and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lazard's current Net Margin % is 13.08%, which is 12% above median its own 10-year median of 11.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lazard stock overvalued right now?
Based on GuruFocus' analysis, Lazard (LAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.48, compared to a current price of $40.49 — trading 12.9% below its estimated fair value. The current Net Margin % is 13.08%, which is 12% above median its 10-year median of 11.73 and 8.6% below the Capital Markets industry median of 14.31. Lazard's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Lazard (LAZ), the current Net Margin % is 13.08% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lazard (LAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Lazard stock appears to be undervalued.
The current stock price of $40.49 is trading 12.9% below its estimated GF Value™ of $46.48.
GuruFocus considers Lazard to be Modestly Undervalued.
Key valuation signals for LAZ:
Net Margin %: 13.08% (12% above median its 10-year median of 11.73)
GF Value™: $46.48 vs. price of $40.49 (12.9% below fair value)
Industry Position: 8.6% below the Capital Markets median (#449 of 774)
No single metric tells the full story. See the LAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lazard Inc is a financial advisory and asset management firm with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Geographically, the company earns key revenue in the Americas, EMEA then Asia-Pacific.
83GF Score
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