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Lazard vs Blue Owl Capital: LAZ and OWL compared
Lazard is the larger company: $836M of revenue in its latest quarter (Q3 2026) against $807M for Blue Owl Capital (Q3 2026). Blue Owl Capital is growing faster (+11% against +8% a year earlier). Blue Owl Capital is more profitable, with an operating margin of 18.3% against 6.5%.
Where the money goes: LAZ and OWL
Lazard (LAZ) · Q3 2026
Lazard, Q3 2026: revenue $836M (+8% year over year), operating margin 6.5%, net earnings $29.2M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.
Blue Owl Capital (OWL) · Q3 2026
Blue Owl Capital, Q3 2026: revenue $807M (+11% year over year), operating margin 18.3%, net earnings $20.0M, operating cash flow $609M. The chart follows the revenue to costs, profit and cash.
| Lazard (LAZ) | Blue Owl Capital (OWL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $836M | $807M |
| Revenue growth, Y/Y | +8% | +11% |
| Operating margin | 6.5% | 18.3% |
| Net earnings | $29.2M | $20.0M |
| Net margin | 3.5% | 2.5% |
| Operating cash flow | $316M | $609M |
| Free cash flow | $311M | $601M |
| Market value | $4.1B | $6.9B |
| P/E | 23.4× | 70.1× |
| Analysts’ mean target | $43.00 | $12.64 |
Where the revenue comes from
Blue Owl Capital
- Total Management and Other Fees, Net: $806M (100%)
- Performance revenues: $297K (0%)
Questions
Which is bigger, Lazard or Blue Owl Capital?
Lazard is the larger company: $836M of revenue in its latest quarter (Q3 2026) against $807M for Blue Owl Capital (Q3 2026).
Is Lazard or Blue Owl Capital growing faster?
Blue Owl Capital is growing faster (+11% against +8% a year earlier).
Which is more profitable, Lazard or Blue Owl Capital?
Blue Owl Capital is more profitable, with an operating margin of 18.3% against 6.5%.
More: Lazard earnings · how Lazard makes money · Blue Owl Capital earnings · how Blue Owl Capital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.