Hamilton Lane
HLNE · Asset Management & Custody Banks
$82.27
3.6%SEI Investments
SEIC · Asset Management & Custody Banks
$102.30
2.1%The short version
- SEI Investments is the larger business, with $2.3B of revenue in fiscal 2025 against $759M for Hamilton Lane, about 3.0 times as much.
- SEI Investments grew revenue faster (8.1%, against 6.5%).
- Hamilton Lane turned more of its sales into free cash flow (55.2% FCF margin, against 25.5% FCF margin).
| Latest fiscal year | HLNE · FY26 | SEIC · FY25 |
|---|---|---|
| Size | ||
| Market cap | — | $12.6B |
| Revenue | $759M | $2.3B |
| Free cash flow | $419M | $585M |
| Net income | $249M | $715M |
| Growth | ||
| Revenue growth | 6.5% | 8.1% |
| 5-year growth | 17.3% | 6.4% |
| Share count change | — | −3.5% |
| Profitability | ||
| Gross margin | — | 35.2% |
| Operating margin | — | 27.3% |
| Net margin | 32.8% | 31.1% |
| FCF margin | 55.2% | 25.5% |
| Return on capital | 34.5% | — |
| Return on equity | 30.5% | 30.4% |
| Balance sheet | ||
| Net debt | −$93.5M | — |
| Net debt / EBITDA | −0.2x | — |
| Dividends and buybacks | $87.7M | $752M |
| Valuation & quality | ||
| P/E | — | 18.0x |
| Piotroski F-score | — | — |
FY17
HLNE $180M
SEIC $1.5B
FY18
HLNE $244M
SEIC $1.6B
FY19
HLNE $252M
SEIC $1.6B
FY20
HLNE $274M
SEIC $1.7B
FY21
HLNE $342M
SEIC $1.9B
FY22
HLNE $368M
SEIC $2.0B
FY23
HLNE $529M
SEIC $1.9B
FY24
HLNE $554M
SEIC $2.1B
FY25
HLNE $713M
SEIC $2.3B
FY26
HLNE $759M
SEIC —
HLNE
SEIC
FY17
HLNE —
SEIC 26.0%
FY18
HLNE —
SEIC 27.2%
FY19
HLNE —
SEIC 27.9%
FY20
HLNE —
SEIC 26.5%
FY21
HLNE —
SEIC 28.9%
FY22
HLNE —
SEIC 23.9%
FY23
HLNE —
SEIC 22.1%
FY24
HLNE —
SEIC 26.0%
FY25
HLNE —
SEIC 27.3%
FY26
HLNE —
SEIC —
HLNE
SEIC
FY17
HLNE $80.4M
SEIC $434M
FY18
HLNE $94.4M
SEIC $559M
FY19
HLNE $106M
SEIC $502M
FY20
HLNE $114M
SEIC $434M
FY21
HLNE $170M
SEIC $607M
FY22
HLNE $161M
SEIC $527M
FY23
HLNE $222M
SEIC $422M
FY24
HLNE $110M
SEIC $590M
FY25
HLNE $289M
SEIC $585M
FY26
HLNE $419M
SEIC —
HLNE
SEIC
FY17
HLNE —
SEIC —
FY18
HLNE —
SEIC —
FY19
HLNE —
SEIC —
FY20
HLNE —
SEIC —
FY21
HLNE 52.3%
SEIC —
FY22
HLNE 53.0%
SEIC —
FY23
HLNE 31.6%
SEIC —
FY24
HLNE 33.2%
SEIC —
FY25
HLNE 38.4%
SEIC —
FY26
HLNE 34.5%
SEIC —
HLNE
SEIC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.