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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,647 | $3,274 | $2,855 | $2,593 | $3,140 |
| Gross Profit | $583 | $805 | $598 | -$2 | $475 |
| Operating Income | $502 | $724 | $517 | -$80 | $386 |
| Net Income | $402 | $528 | $358 | -$75 | $280 |
Over the five-year period, LAZARD, INC. exhibited notable fluctuations in its financial performance. In 2020, the firm generated approximately 2647 million USD in revenue, with robust margins reflected in a 583 million USD gross profit and 402 million USD net income. The upward trend continued in 2021 when revenue jumped nearly 24% to 3274 million USD, accompanied by increases in gross profit (805 million USD) and operating income (724 million USD). However, 2022 marked a reversal with revenue declining to about 2855 million USD and corresponding decreases in gross profit and net income. The dramatic shift occurred in 2023, when the company reported a revenue decline to approximately 2593 million USD, and more critically, experienced a negative gross profit (-2 million USD) along with negative operating (-80 million USD) and net income (-75 million USD). This substantial year-over-year downturn suggests significant disruption—possibly from unfavorable market conditions or operational challenges—that impacted the cost structure or pricing strategy. In 2024, while revenue recovered to nearly 3140 million USD and returned to positive profitability metrics, with gross profit, operating income (386 million USD), and net income (280 million USD), the levels have not fully rebounded to their pre-2023 peaks. This recovery indicates a potential realignment in operations or cost management practices; however, the magnitude of the 2023 decline raises concerns about the company’s ability to sustain margins in a competitive financial advisory and asset management industry. Overall, despite the partial rebound, the observed volatility suggests that LAZARD, INC. needs to strengthen its operational resilience and monitor market dynamics closely to ensure long-term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.