Houlihan Lokey, Inc.

Houlihan Lokey, Inc.

HLIยทNYSE

$138.43

-1.4%
Financial ServicesFinancial - Capital Markets

Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as advise financial sponsors on various transactions. The Financial Restructuring segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. It also provides a range of advisory services, including structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The Financial and Valuation Advisory segment offers valuations of various assets, such as companies, illiquid debt and equity securities, and intellectual property. It also provides fairness opinions in connection with M&A and other transactions, and solvency opinions in connection with corporate spin-offs and dividend recapitalizations; and other types of financial opinions. In addition, this segment offers dispute resolution services. It serves corporations, institutions, and governments. The company was incorporated in 1972 and is headquartered in Los Angeles, California with offices in the United States, Europe, the Middle East, and the Asia-Pacific region.

At a Glance

Live Snapshot
Market Cap$9.56B
EPS6.4000
P/E Ratio21.63
Earnings Date08/04/2026
3Y+45.0%
5Y+72.0%
10Y+200.0%
3Y+67.0%
5Y+36.0%
10Y+293.0%
3Y+15.0%
5Y+195.0%
10Y+6177.0%
Houlihan Lokey, Inc.

Houlihan Lokey, Inc. Profit Bridge

HLI ยท NYSE
Revenue2.62B
Cost of Goods Sold (1.76B)
Gross Profit855.50M
Operating Expenses (328.49M)
Operating Income527.02M
Interest Expense (0.00)
Other Income/Expense35.25M
Pretax Income562.26M
Income Tax (138.09M)
Net Income425.70M
Net Income
425.70M

Profitability Analysis

Gross Margin

32.7%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

20.1%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

16.3%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

24.6%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Houlihan Lokey, Inc. Income Statement

HLI โ€ข NYSE

Houlihan Lokey, Inc. Income StatementMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013
REVENUE
2.6B
2.4B
1.9B
1.8B
2.3B
1.5B
1.2B
1.1B
963.4M
872.1M
693.8M
680.9M
592.5M
520.3M
GROSS PROFIT
(1.8B)
(1.5B)
(1.2B)
(1.1B)
(1.4B)
(971.2M)
(737.8M)
(692.1M)
(636.6M)
(582.2M)
(461.6M)
(475.1M)
(414.9M)
(0.0)
855.5M
919.9M
737M
696.6M
861.3M
554.3M
421.6M
392.3M
326.7M
289.8M
232.2M
205.8M
177.5M
520.3M
OPERATING INCOME
(328.5M)
(418.4M)
(374.2M)
(354.9M)
(248.5M)
(146.1M)
(192M)
(173.2M)
(112.3M)
(107.9M)
(105.8M)
(77.1M)
(74.7M)
(423.8M)
(45.1M)
(188.5M)
(185.3M)
(142.9M)
(127.8M)
(95.6M)
(93.3M)
(83.2M)
(64.2M)
(57.8M)
(63.2M)
(43.8M)
(38.1M)
(372.6M)
527M
501.5M
362.9M
341.7M
612.9M
408.2M
229.6M
219.1M
214.4M
182M
126.4M
128.7M
102.8M
95.4M
PRE-TAX INCOME
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
4.2M
0.0
0.0
(283.3M)
(229.9M)
(188.9M)
(212M)
(120.6M)
(50.5M)
(98.7M)
(90M)
(48.2M)
(50.1M)
(42.6M)
(33.3M)
(36.6M)
(0.0)
35.2M
29.8M
27.7M
-17.7M
-8.9M
1.1M
6M
5.2M
3.4M
-3.5M
-770K
3.5M
2.5M
2.9M
562.3M
531.3M
390.5M
324M
603.9M
409.2M
235.6M
224.3M
217.8M
178.5M
125.6M
132.1M
105.3M
98.3M
NET INCOME
(138.1M)
(131.6M)
(110.2M)
(69.8M)
(165.6M)
(96.5M)
(51.9M)
(65.2M)
(45.6M)
(70.1M)
(55.9M)
(52.2M)
(43.9M)
(39.4M)
425.7M
399.7M
280.3M
254.2M
437.8M
312.8M
183.8M
159.1M
172.3M
108.3M
69.7M
79.9M
61.3M
59M

SEC Filings

HLI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-K

10-K 2026 FY

FY

May 22, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 03, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 29, 2026
January 28, 2026
2026
8-K

8-K 2026

N/A

January 29, 2026
January 24, 2026
2026
8-K

8-K 2025

N/A

December 30, 2025
December 30, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 31, 2025
October 30, 2025
2025
8-K

8-K 2025

N/A

October 06, 2025
September 30, 2025
2025
Showing 1 to 10 of 159 filings