HOULIHAN LOKEY, INC. HLI

Latest FY: 2026 Financial Services Capital Markets
Market Price $128.63
Market Cap $9.12B
P/E Ratio 20.68
Quick Peer Compare (Financial Services):
Revenue (FY 2026) ↑9.5% YoY
$2.62B
3-Yr CAGR: 13.1%
Net Income ↑6.5% YoY
$425.70M
Net Margin: 16.3%
Free Cash Flow ↓-15.7% YoY
$681.82M
FCF Yield: 7.47%
EPS (Diluted) ↑6.9% YoY
$6.22
Basic: $6.40
Return on Equity Efficiency
N/A
ROA: 9.9%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (HLI)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Op. Cash Flow Free Cash Flow FCF YoY
FY 2017 $241.5M $108.3M $1.63 $229.3M $214.8M
FY 2018 $277.6M $172.3M +59.0% $2.60 +59.5% $250.6M $242.9M +13.1%
FY 2019 $1,084.4M $306.0M $159.1M -7.6% $2.42 -6.9% $224.3M $217.5M -10.4%
FY 2020 $1,159.4M +6.9% $322.5M $183.8M +15.5% $2.80 +15.7% $287.7M $266.9M +22.7%
FY 2021 $1,525.5M +31.6% $521.4M $312.8M +70.2% $4.55 +62.5% $579.8M $565.7M +111.9%
FY 2022 $2,270.0M +48.8% $795.3M $437.8M +40.0% $6.41 +40.9% $736.6M $727.9M +28.7%
FY 2023 $1,809.4M -20.3% $557.1M $254.2M -41.9% $3.76 -41.3% $136.3M $85.5M -88.2%
FY 2024 $1,914.4M +5.8% $571.1M $280.3M +10.3% $4.11 +9.3% $328.5M $261.7M +206.0%
FY 2025 $2,389.4M +24.8% $772.3M $399.7M +42.6% $5.82 +41.6% $848.6M $808.9M +209.1%
FY 2026 $2,617.5M +9.5% $527.0M $425.7M +6.5% $6.22 +6.9% $704.1M $681.8M -15.7%
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Valuation

Market Price $128.63
Market Cap $9.12B
Enterprise Value N/A
P/E Ratio 20.68
P/B Ratio N/A
FCF Yield 7.47%
Dividend Yield N/A
Shares Outstanding 69,059,400
%

Profitability & Margins

Gross Margin 20.13%
Operating Margin 20.13%
Net Margin 16.26%
Return on Equity (ROE) N/A
Return on Assets (ROA) 9.88%
Asset Turnover 0.61x
Revenue 3-Yr CAGR 13.10%
🛡️

Financial Health & Liquidity

Current Ratio N/A
Cash Ratio N/A
Debt / Equity N/A
Debt / Assets N/A
Cash & Equivalents $1.19B
Total Debt N/A
Book Value / Share N/A
💧

Cash Flow Efficiency

Operating Cash Flow $704.13M
Capital Expenditures (CapEx) $22.31M
Free Cash Flow $681.82M
OCF / Revenue 26.90%
FCF / Revenue 26.05%
FCF 3-Yr CAGR 99.75%
🏷️

Per Share Metrics

EPS (Diluted) $6.22
EPS (Basic) $6.40
Dividends / Share N/A
Book Value / Share N/A
EPS YoY Growth 6.87%
🏛️

Balance Sheet (FY 2026)

Total Assets $4.31B
Total Liabilities $1.86B
Stockholders' Equity N/A
Current Assets N/A
Current Liabilities N/A