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Side-by-side financial comparison of Hamilton Lane INC (HLNE) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $198.6M, roughly 1.6× Hamilton Lane INC). Hamilton Lane INC runs the higher net margin — 29.4% vs 5.7%, a 23.7% gap on every dollar of revenue. On growth, Hamilton Lane INC posted the faster year-over-year revenue change (18.0% vs 10.4%). Hamilton Lane INC produced more free cash flow last quarter ($72.4M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% CAGR vs 6.0%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
HLNE vs RVLV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $198.6M | $324.4M |
| Net Profit | $58.4M | $18.6M |
| Gross Margin | — | 53.3% |
| Operating Margin | 60.5% | 6.3% |
| Net Margin | 29.4% | 5.7% |
| Revenue YoY | 18.0% | 10.4% |
| Net Profit YoY | 10.2% | 50.4% |
| EPS (diluted) | — | $0.27 |
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 | $324.4M | ||
| Q3 25 | $190.9M | $295.6M | ||
| Q2 25 | $176.0M | $309.0M | ||
| Q1 25 | $198.0M | $296.7M | ||
| Q4 24 | $168.3M | $293.7M | ||
| Q3 24 | $150.0M | $283.1M | ||
| Q2 24 | $196.7M | $282.5M | ||
| Q1 24 | $176.7M | $270.6M |
| Q4 25 | $58.4M | $18.6M | ||
| Q3 25 | $70.9M | $21.2M | ||
| Q2 25 | $53.7M | $10.2M | ||
| Q1 25 | $50.5M | $11.8M | ||
| Q4 24 | $53.0M | $12.3M | ||
| Q3 24 | $55.0M | $11.0M | ||
| Q2 24 | $59.0M | $15.4M | ||
| Q1 24 | $48.4M | $10.9M |
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% | ||
| Q1 24 | — | 52.3% |
| Q4 25 | 60.5% | 6.3% | ||
| Q3 25 | 61.6% | 7.1% | ||
| Q2 25 | 54.2% | 5.8% | ||
| Q1 25 | 44.6% | 5.0% | ||
| Q4 24 | 53.6% | 3.9% | ||
| Q3 24 | 51.4% | 5.0% | ||
| Q2 24 | 54.3% | 5.8% | ||
| Q1 24 | 55.0% | 3.4% |
| Q4 25 | 29.4% | 5.7% | ||
| Q3 25 | 37.1% | 7.2% | ||
| Q2 25 | 30.5% | 3.3% | ||
| Q1 25 | 25.5% | 4.0% | ||
| Q4 24 | 31.5% | 4.2% | ||
| Q3 24 | 36.7% | 3.9% | ||
| Q2 24 | 30.0% | 5.4% | ||
| Q1 24 | 27.4% | 4.0% |
| Q4 25 | — | $0.27 | ||
| Q3 25 | — | $0.29 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | — | $0.18 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $292.3M |
| Total DebtLower is stronger | $279.5M | — |
| Stockholders' EquityBook value | $877.4M | $512.5M |
| Total Assets | $2.2B | $765.0M |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $292.3M | ||
| Q3 25 | — | $315.4M | ||
| Q2 25 | — | $310.7M | ||
| Q1 25 | — | $300.8M | ||
| Q4 24 | — | $256.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $244.7M | ||
| Q1 24 | — | $273.4M |
| 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 | $512.5M | ||
| Q3 25 | $825.8M | $490.2M | ||
| Q2 25 | $758.8M | $468.6M | ||
| Q1 25 | $717.3M | $453.4M | ||
| Q4 24 | $649.3M | $437.8M | ||
| Q3 24 | $606.6M | $420.8M | ||
| Q2 24 | $566.4M | $405.8M | ||
| Q1 24 | $525.2M | $389.9M |
| Q4 25 | $2.2B | $765.0M | ||
| Q3 25 | $2.0B | $751.3M | ||
| Q2 25 | $1.8B | $722.9M | ||
| Q1 25 | $1.7B | $713.9M | ||
| Q4 24 | $1.6B | $665.5M | ||
| Q3 24 | $1.4B | $670.9M | ||
| Q2 24 | $1.4B | $657.8M | ||
| Q1 24 | $1.3B | $650.0M |
| 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 | $-10.2M |
| Free Cash FlowOCF − Capex | $72.4M | $-13.3M |
| FCF MarginFCF / Revenue | 36.5% | -4.1% |
| Capex IntensityCapex / Revenue | 0.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.27× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $606.5M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.1M | $-10.2M | ||
| Q3 25 | $118.9M | $11.8M | ||
| Q2 25 | $128.9M | $12.6M | ||
| Q1 25 | $300.8M | $45.1M | ||
| Q4 24 | $64.4M | $3.9M | ||
| Q3 24 | $117.4M | $9.1M | ||
| Q2 24 | $79.7M | $-24.7M | ||
| Q1 24 | $120.9M | $38.4M |
| Q4 25 | $72.4M | $-13.3M | ||
| Q3 25 | $117.8M | $7.5M | ||
| Q2 25 | $127.6M | $10.4M | ||
| Q1 25 | $288.7M | $43.4M | ||
| Q4 24 | $58.8M | $2.1M | ||
| Q3 24 | $115.8M | $8.0M | ||
| Q2 24 | $78.2M | $-25.7M | ||
| Q1 24 | $109.8M | $36.7M |
| Q4 25 | 36.5% | -4.1% | ||
| Q3 25 | 61.7% | 2.5% | ||
| Q2 25 | 72.5% | 3.4% | ||
| Q1 25 | 145.8% | 14.6% | ||
| Q4 24 | 34.9% | 0.7% | ||
| Q3 24 | 77.2% | 2.8% | ||
| Q2 24 | 39.8% | -9.1% | ||
| Q1 24 | 62.1% | 13.5% |
| Q4 25 | 0.8% | 1.0% | ||
| Q3 25 | 0.6% | 1.5% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 6.1% | 0.6% | ||
| Q4 24 | 3.3% | 0.6% | ||
| Q3 24 | 1.0% | 0.4% | ||
| Q2 24 | 0.8% | 0.4% | ||
| Q1 24 | 6.3% | 0.6% |
| Q4 25 | 1.27× | -0.55× | ||
| Q3 25 | 1.68× | 0.56× | ||
| Q2 25 | 2.40× | 1.24× | ||
| Q1 25 | 5.96× | 3.82× | ||
| Q4 24 | 1.22× | 0.32× | ||
| Q3 24 | 2.14× | 0.83× | ||
| Q2 24 | 1.35× | -1.60× | ||
| Q1 24 | 2.50× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
