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Hamilton Lane vs Acadian Asset Management: HLNE and AAMI compared
Hamilton Lane is the larger company: $204M of revenue in its latest quarter (Q2 FY27) against $191M for Acadian Asset Management (Q3 2026). Acadian Asset Management is growing faster (+33% against +7% a year earlier). Hamilton Lane is more profitable, with an operating margin of 87.4% against 26.4%.
Where the money goes: HLNE and AAMI
Hamilton Lane (HLNE) · Q2 FY27
Hamilton Lane, Q2 FY27: revenue $204M (+7% year over year), operating margin 87.4%, net earnings $77.5M, operating cash flow $28.1M. The chart follows the revenue to costs, profit and cash.
Acadian Asset Management (AAMI) · Q3 2026
Acadian Asset Management, Q3 2026: revenue $191M (+33% year over year), operating margin 26.4%, net earnings $35.5M, operating cash flow $57.3M. The chart follows the revenue to costs, profit and cash.
| Hamilton Lane (HLNE) | Acadian Asset Management (AAMI) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $204M | $191M |
| Revenue growth, Y/Y | +7% | +33% |
| Operating margin | 87.4% | 26.4% |
| Net earnings | $77.5M | $35.5M |
| Net margin | 37.9% | 18.6% |
| Operating cash flow | $28.1M | $57.3M |
| Free cash flow | $22.8M | — |
| Market value | $5.6B | — |
| P/E | 19.9× | — |
| Analysts’ mean target | $125.00 | — |
Where the revenue comes from
Hamilton Lane
- Management and advisory fees: $164M (80%)
- Customized separate accounts: $34.0M (17%)
- Fund reimbursement revenue: $4.4M (2%)
- Distribution management: $1.7M (1%)
Questions
Which is bigger, Hamilton Lane or Acadian Asset Management?
Hamilton Lane is the larger company: $204M of revenue in its latest quarter (Q2 FY27) against $191M for Acadian Asset Management (Q3 2026).
Is Hamilton Lane or Acadian Asset Management growing faster?
Acadian Asset Management is growing faster (+33% against +7% a year earlier).
Which is more profitable, Hamilton Lane or Acadian Asset Management?
Hamilton Lane is more profitable, with an operating margin of 87.4% against 26.4%.
More: Hamilton Lane earnings · how Hamilton Lane makes money · Acadian Asset Management earnings · how Acadian Asset Management makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.