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Hamilton Lane vs Virtus Investment Partners: HLNE and VRTS compared
Hamilton Lane is the larger company: $204M of revenue in its latest quarter (Q2 FY27) against $201M for Virtus Investment Partners (Q2 2026). Hamilton Lane is growing faster (+7% against -4% a year earlier). Hamilton Lane is more profitable, with an operating margin of 87.4% against 13.6%.
Where the money goes: HLNE and VRTS
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.
Virtus Investment Partners (VRTS) · Q2 2026
Virtus Investment Partners, Q2 2026: revenue $201M (-4% year over year), operating margin 13.6%, net earnings $45.3M, operating cash flow $57.4M. The chart follows the revenue to costs, profit and cash.
| Hamilton Lane (HLNE) | Virtus Investment Partners (VRTS) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $204M | $201M |
| Revenue growth, Y/Y | +7% | -4% |
| Operating margin | 87.4% | 13.6% |
| Net earnings | $77.5M | $45.3M |
| Net margin | 37.9% | 22.5% |
| Operating cash flow | $28.1M | $57.4M |
| Free cash flow | $22.8M | $56.1M |
| Market value | $5.6B | $833M |
| P/E | 19.9× | 7.2× |
| Analysts’ mean target | $125.00 | $129.75 |
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%)
Virtus Investment Partners
- Investment management fees: $171M (85%)
- Administration and shareholder service fees: $17.3M (9%)
- Distribution and service fees: $11.8M (6%)
- Other income and fees: $1.4M (1%)
Questions
Which is bigger, Hamilton Lane or Virtus Investment Partners?
Hamilton Lane is the larger company: $204M of revenue in its latest quarter (Q2 FY27) against $201M for Virtus Investment Partners (Q2 2026).
Is Hamilton Lane or Virtus Investment Partners growing faster?
Hamilton Lane is growing faster (+7% against -4% a year earlier).
Which is more profitable, Hamilton Lane or Virtus Investment Partners?
Hamilton Lane is more profitable, with an operating margin of 87.4% against 13.6%.
More: Hamilton Lane earnings · how Hamilton Lane makes money · Virtus Investment Partners earnings · how Virtus Investment Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.