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Side-by-side financial comparison of Hamilton Lane INC (HLNE) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $198.6M, roughly 1.7× Hamilton Lane INC). Hamilton Lane INC runs the higher net margin — 29.4% vs -18.0%, a 47.4% gap on every dollar of revenue. On growth, Hamilton Lane INC posted the faster year-over-year revenue change (18.0% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $72.4M). Over the past eight quarters, Hamilton Lane INC's revenue compounded faster (6.0% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
HLNE vs WH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $198.6M | $334.0M |
| Net Profit | $58.4M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 60.5% | — |
| Net Margin | 29.4% | -18.0% |
| Revenue YoY | 18.0% | -76.3% |
| Net Profit YoY | 10.2% | -170.6% |
| EPS (diluted) | — | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $198.6M | $334.0M | ||
| Q3 25 | $190.9M | $382.0M | ||
| Q2 25 | $176.0M | $397.0M | ||
| Q1 25 | $198.0M | $316.0M | ||
| Q4 24 | $168.3M | $336.0M | ||
| Q3 24 | $150.0M | $396.0M | ||
| Q2 24 | $196.7M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $58.4M | $-60.0M | ||
| Q3 25 | $70.9M | $105.0M | ||
| Q2 25 | $53.7M | $87.0M | ||
| Q1 25 | $50.5M | $61.0M | ||
| Q4 24 | $53.0M | $85.0M | ||
| Q3 24 | $55.0M | $102.0M | ||
| Q2 24 | $59.0M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 60.5% | -11.4% | ||
| Q3 25 | 61.6% | 46.6% | ||
| Q2 25 | 54.2% | 37.8% | ||
| Q1 25 | 44.6% | 35.4% | ||
| Q4 24 | 53.6% | 38.4% | ||
| Q3 24 | 51.4% | 43.2% | ||
| Q2 24 | 54.3% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 29.4% | -18.0% | ||
| Q3 25 | 37.1% | 27.5% | ||
| Q2 25 | 30.5% | 21.9% | ||
| Q1 25 | 25.5% | 19.3% | ||
| Q4 24 | 31.5% | 25.3% | ||
| Q3 24 | 36.7% | 25.8% | ||
| Q2 24 | 30.0% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | — | $-0.77 | ||
| Q3 25 | — | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | — | $1.29 | ||
| Q2 24 | — | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $64.0M |
| Total DebtLower is stronger | $279.5M | — |
| Stockholders' EquityBook value | $877.4M | $468.0M |
| Total Assets | $2.2B | $4.2B |
| Debt / EquityLower = less leverage | 0.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $279.5M | $2.5B | ||
| Q3 25 | $285.6M | $2.6B | ||
| Q2 25 | $288.6M | $2.5B | ||
| Q1 25 | $290.3M | $2.5B | ||
| Q4 24 | $292.0M | $2.4B | ||
| Q3 24 | $195.0M | $2.4B | ||
| Q2 24 | $195.6M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $877.4M | $468.0M | ||
| Q3 25 | $825.8M | $583.0M | ||
| Q2 25 | $758.8M | $570.0M | ||
| Q1 25 | $717.3M | $579.0M | ||
| Q4 24 | $649.3M | $650.0M | ||
| Q3 24 | $606.6M | $583.0M | ||
| Q2 24 | $566.4M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.6B | $4.2B | ||
| Q3 24 | $1.4B | $4.2B | ||
| Q2 24 | $1.4B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.32× | 5.37× | ||
| Q3 25 | 0.35× | 4.43× | ||
| Q2 25 | 0.38× | 4.44× | ||
| Q1 25 | 0.40× | 4.29× | ||
| Q4 24 | 0.45× | 3.72× | ||
| Q3 24 | 0.32× | 4.19× | ||
| Q2 24 | 0.35× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $72.4M | $168.0M |
| FCF MarginFCF / Revenue | 36.5% | 50.3% |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $606.5M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $74.1M | $152.0M | ||
| Q3 25 | $118.9M | $86.0M | ||
| Q2 25 | $128.9M | $70.0M | ||
| Q1 25 | $300.8M | $59.0M | ||
| Q4 24 | $64.4M | $134.0M | ||
| Q3 24 | $117.4M | $79.0M | ||
| Q2 24 | $79.7M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $72.4M | $136.0M | ||
| Q3 25 | $117.8M | $75.0M | ||
| Q2 25 | $127.6M | $58.0M | ||
| Q1 25 | $288.7M | $52.0M | ||
| Q4 24 | $58.8M | $109.0M | ||
| Q3 24 | $115.8M | $71.0M | ||
| Q2 24 | $78.2M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 36.5% | 40.7% | ||
| Q3 25 | 61.7% | 19.6% | ||
| Q2 25 | 72.5% | 14.6% | ||
| Q1 25 | 145.8% | 16.5% | ||
| Q4 24 | 34.9% | 32.4% | ||
| Q3 24 | 77.2% | 17.9% | ||
| Q2 24 | 39.8% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 4.8% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 0.8% | 3.0% | ||
| Q1 25 | 6.1% | 2.2% | ||
| Q4 24 | 3.3% | 7.4% | ||
| Q3 24 | 1.0% | 2.0% | ||
| Q2 24 | 0.8% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.68× | 0.82× | ||
| Q2 25 | 2.40× | 0.80× | ||
| Q1 25 | 5.96× | 0.97× | ||
| Q4 24 | 1.22× | 1.58× | ||
| Q3 24 | 2.14× | 0.77× | ||
| Q2 24 | 1.35× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
