Hamilton Lane vs Blue Owl Capital
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KIRAβs take AI analyst
I put Hamilton Lane and Blue Owl Capital side by side, using each oneβs latest annual report. Here is what stands out:
- Blue Owl Capital is the larger business, with $2.9B of revenue in fiscal 2025 against $759M for Hamilton Lane, about 3.8 times as much.
- Blue Owl Capital grew revenue faster (25.0%, against 6.5%).
- Hamilton Lane turned more of its sales into free cash flow (55.2% FCF margin, against 41.8%).
- Hamilton Lane earned a higher return on the capital invested in it (34.5%, against 5.2%).
Who comes out ahead
Of the 7 measures where higher (or lower) is clearly better, how many each company leads.
Hamilton Lane
HLNE
5/7
Net marginFCF marginReturn on capitalReturn on equityNet debt / EBITDA
Blue Owl Capital
OWL
2/7
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | HLNE FY26 | OWL FY25 |
|---|---|---|
| Size | ||
| Market cap | β | $6.4B |
| Revenue | $759M | $2.9B |
| Free cash flow | $419M | $1.2B |
| Net income | $249M | $78.8M |
| Growth | ||
| Revenue growth | 6.5% | 25.0% |
| 5-year growth | 17.3% | 63.0% |
| Share count change | β | 18.5% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 32.8% | 2.8% |
| FCF margin | 55.2% | 41.8% |
| Return on capital | 34.5% | 5.2% |
| Return on equity | 30.5% | 3.6% |
| Balance sheet | ||
| Net debt | β$93.5M | $3.1B |
| Net debt / EBITDA | β0.2x | 3.5x |
| Dividends and buybacks | $87.7M | $600M |
| Valuation & quality | ||
| P/E | β | 77.8x |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.