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Side-by-side financial comparison of Hamilton Lane INC (HLNE) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
Hamilton Lane INC is the larger business by last-quarter revenue ($198.6M vs $151.1M, roughly 1.3× STURM RUGER & CO INC). On growth, Hamilton Lane INC posted the faster year-over-year revenue change (18.0% vs 3.6%). Hamilton Lane INC produced more free cash flow last quarter ($72.4M vs $12.3M). Over the past eight quarters, Hamilton Lane INC's revenue compounded faster (6.0% CAGR vs 5.1%).
Hamilton Lane Incorporated is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investments to its clients.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
HLNE vs RGR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $198.6M | $151.1M |
| Net Profit | $58.4M | — |
| Gross Margin | — | 17.8% |
| Operating Margin | 60.5% | 2.3% |
| Net Margin | 29.4% | — |
| Revenue YoY | 18.0% | 3.6% |
| Net Profit YoY | 10.2% | — |
| EPS (diluted) | — | $0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $198.6M | $151.1M | ||
| Q3 25 | $190.9M | $126.8M | ||
| Q2 25 | $176.0M | $132.5M | ||
| Q1 25 | $198.0M | $135.7M | ||
| Q4 24 | $168.3M | $145.8M | ||
| Q3 24 | $150.0M | $122.3M | ||
| Q2 24 | $196.7M | $130.8M | ||
| Q1 24 | $176.7M | $136.8M |
| Q4 25 | $58.4M | — | ||
| Q3 25 | $70.9M | $1.6M | ||
| Q2 25 | $53.7M | $-17.2M | ||
| Q1 25 | $50.5M | $7.8M | ||
| Q4 24 | $53.0M | — | ||
| Q3 24 | $55.0M | $4.7M | ||
| Q2 24 | $59.0M | $8.3M | ||
| Q1 24 | $48.4M | $7.1M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | 60.5% | 2.3% | ||
| Q3 25 | 61.6% | -2.7% | ||
| Q2 25 | 54.2% | -15.6% | ||
| Q1 25 | 44.6% | 6.2% | ||
| Q4 24 | 53.6% | 7.8% | ||
| Q3 24 | 51.4% | 3.1% | ||
| Q2 24 | 54.3% | 6.9% | ||
| Q1 24 | 55.0% | 5.5% |
| Q4 25 | 29.4% | — | ||
| Q3 25 | 37.1% | 1.2% | ||
| Q2 25 | 30.5% | -13.0% | ||
| Q1 25 | 25.5% | 5.7% | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 36.7% | 3.9% | ||
| Q2 24 | 30.0% | 6.3% | ||
| Q1 24 | 27.4% | 5.2% |
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-1.05 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.47 | ||
| Q1 24 | — | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $92.5M |
| Total DebtLower is stronger | $279.5M | — |
| Stockholders' EquityBook value | $877.4M | $283.8M |
| Total Assets | $2.2B | $342.0M |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | — | $101.4M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | — | $105.6M | ||
| Q1 24 | — | $115.3M |
| Q4 25 | $279.5M | — | ||
| Q3 25 | $285.6M | — | ||
| Q2 25 | $288.6M | — | ||
| Q1 25 | $290.3M | — | ||
| Q4 24 | $292.0M | — | ||
| Q3 24 | $195.0M | — | ||
| Q2 24 | $195.6M | — | ||
| Q1 24 | $196.2M | — |
| Q4 25 | $877.4M | $283.8M | ||
| Q3 25 | $825.8M | $279.6M | ||
| Q2 25 | $758.8M | $289.3M | ||
| Q1 25 | $717.3M | $321.5M | ||
| Q4 24 | $649.3M | $319.6M | ||
| Q3 24 | $606.6M | $314.9M | ||
| Q2 24 | $566.4M | $321.5M | ||
| Q1 24 | $525.2M | $332.0M |
| Q4 25 | $2.2B | $342.0M | ||
| Q3 25 | $2.0B | $342.3M | ||
| Q2 25 | $1.8B | $349.5M | ||
| Q1 25 | $1.7B | $379.0M | ||
| Q4 24 | $1.6B | $384.0M | ||
| Q3 24 | $1.4B | $373.5M | ||
| Q2 24 | $1.4B | $376.7M | ||
| Q1 24 | $1.3B | $385.0M |
| Q4 25 | 0.32× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.37× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.1M | $15.5M |
| Free Cash FlowOCF − Capex | $72.4M | $12.3M |
| FCF MarginFCF / Revenue | 36.5% | 8.2% |
| Capex IntensityCapex / Revenue | 0.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $606.5M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.1M | $15.5M | ||
| Q3 25 | $118.9M | $12.9M | ||
| Q2 25 | $128.9M | $14.7M | ||
| Q1 25 | $300.8M | $11.1M | ||
| Q4 24 | $64.4M | $20.0M | ||
| Q3 24 | $117.4M | $9.4M | ||
| Q2 24 | $79.7M | $18.7M | ||
| Q1 24 | $120.9M | $7.3M |
| Q4 25 | $72.4M | $12.3M | ||
| Q3 25 | $117.8M | $7.0M | ||
| Q2 25 | $127.6M | $9.1M | ||
| Q1 25 | $288.7M | $10.0M | ||
| Q4 24 | $58.8M | $16.4M | ||
| Q3 24 | $115.8M | $2.6M | ||
| Q2 24 | $78.2M | $10.1M | ||
| Q1 24 | $109.8M | $5.6M |
| Q4 25 | 36.5% | 8.2% | ||
| Q3 25 | 61.7% | 5.5% | ||
| Q2 25 | 72.5% | 6.9% | ||
| Q1 25 | 145.8% | 7.4% | ||
| Q4 24 | 34.9% | 11.2% | ||
| Q3 24 | 77.2% | 2.1% | ||
| Q2 24 | 39.8% | 7.7% | ||
| Q1 24 | 62.1% | 4.1% |
| Q4 25 | 0.8% | 2.1% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.8% | 4.2% | ||
| Q1 25 | 6.1% | 0.8% | ||
| Q4 24 | 3.3% | 2.5% | ||
| Q3 24 | 1.0% | 5.5% | ||
| Q2 24 | 0.8% | 6.6% | ||
| Q1 24 | 6.3% | 1.3% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.68× | 8.15× | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 5.96× | 1.43× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 2.14× | 1.98× | ||
| Q2 24 | 1.35× | 2.27× | ||
| Q1 24 | 2.50× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLNE
| Management And Advisory Fee Revenue Specialized Funds | $98.5M | 50% |
| Incentive Fee Revenue Specialized Funds | $39.4M | 20% |
| Management And Advisory Fee Revenue Customized Separate Accounts | $36.1M | 18% |
| Management And Advisory Fee Revenue Reporting And Other | $9.3M | 5% |
| Incentive Fee Revenue Customized Separate Accounts | $5.9M | 3% |
| Management And Advisory Fee Revenue Advisory | $4.8M | 2% |
| Management And Advisory Fee Revenue Fund Reimbursement Revenue | $3.9M | 2% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
