Symbols / HLI Stock $158.00 -0.17% Houlihan Lokey, Inc.

Financial Services • Capital Markets • United States • NYQ
HLI (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Scott Joseph Adelson
Exch · Country NYQ · United States
Market Cap 11.03B
Enterprise Value 10.47B
Income 447.78M
Sales 2.65B
FCF (ttm)
Book/sh 32.92
Cash/sh 15.14
Employees 2,702
Insider 10d
IPO Aug 13, 2015
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 36.41%
P/E 24.27
Forward P/E 18.53
PEG
P/S 4.16
P/B 4.80
P/C
EV/EBITDA
EV/Sales 3.95
Quick Ratio 1.49
Current Ratio 1.49
Debt/Eq 21.67
LT Debt/Eq
EPS (ttm) 6.51
EPS next Y 8.53
EPS Growth 22.30%
Revenue Growth 13.00%
EPS Gr Q/Q 22.30%
Rev Gr Q/Q
Earnings (next) 2026-05-06
Earnings (prior) 2026-01-28
ROA 12.08%
ROE 20.47%
ROIC
Gross Margin 94.63%
Oper. Margin 24.87%
Profit Margin 16.91%
Shs Outstand 54.45M
Shs Float 53.86M
Insider Own 0.13%
Instit Own 101.67%
Short Float 2.28%
Short Ratio 1.82
Short Interest 1.24M
52W High 211.78
vs 52W High -25.39%
52W Low 134.41
vs 52W Low 17.55%
Beta 1.01
Impl. Vol. 59.12%
Rel Volume 0.36
Avg Volume 614.60K
Volume 222.62K
Target (mean) $174.50
Tgt Median $171.50
Tgt Low $153.00
Tgt High $200.00
# Analysts 8
Recom Hold
Prev Close $158.27
Price $158.00
Change -0.17%
About

Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). The CF segment offers general financial advisory services; and advises public and private institutions, including financial sponsors on buy-side and sell-side M&A transactions, debt and equity financings in both the private and public markets, and other corporate finance transactions. The FR segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. This segment also provides a range of advisory services, such as structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; liability management transactions; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The FVA segment provides valuation services to companies; debt and equity interests comprising illiquid investments; and other assets and liabilities. This segment also offers fairness opinions in connection with M&A and other transactions; solvency opinions in connection with corporate spin-offs and dividend recapitalizations; and other types of financial opinions, as well as provides dispute resolution services. It serves corporations, financial sponsors, and government agencies. Houlihan Lokey, Inc. was incorporated in 1972 and is headquartered in Los Angeles, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$158.00
Low
$153.00
High
$200.00
Mean
$174.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Morgan Stanley Overweight → Overweight $193
2026-04-01 main Goldman Sachs Buy → Buy $184
2026-03-12 main UBS Neutral → Neutral $163
2026-03-12 main Goldman Sachs Buy → Buy $210
2026-01-29 main BMO Capital Outperform → Outperform $211
2026-01-29 main Keefe, Bruyette & Woods Outperform → Outperform $214
2026-01-08 main Keefe, Bruyette & Woods Outperform → Outperform $218
2026-01-06 main Morgan Stanley Overweight → Overweight $215
2025-12-17 main Keefe, Bruyette & Woods Outperform → Outperform $228
2025-10-13 main Keefe, Bruyette & Woods Outperform → Outperform $226
2025-10-09 init Deutsche Bank — → Hold $210
2025-10-03 init BMO Capital — → Outperform $230
2025-09-08 main Morgan Stanley Overweight → Overweight $213
2025-07-14 up Keefe, Bruyette & Woods Market Perform → Outperform $232
2025-07-11 main Wells Fargo Overweight → Overweight $209
2025-06-23 main Morgan Stanley Overweight → Overweight $192
2025-05-12 main Keefe, Bruyette & Woods Market Perform → Market Perform $185
2025-05-08 main Wells Fargo Overweight → Overweight $185
2025-04-08 main Wells Fargo Overweight → Overweight $170
2025-04-07 main Morgan Stanley Overweight → Overweight $156
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 CRAIN CHRISTOPHER MADISON General Counsel 500 $143.40 $71,700
2026-04-01 CRAIN CHRISTOPHER MADISON General Counsel 500
2026-02-06 SCHRIESHEIM ROBERT A Director 5,000 $170.86 $854,300
2026-01-02 CRAIN CHRISTOPHER MADISON General Counsel 500 $174.17 $87,085
2026-01-02 CRAIN CHRISTOPHER MADISON General Counsel 500
2025-12-05 GOLD IRWIN N Chairman of the Board 5,000 $0.00 $0
2025-12-05 GOLD IRWIN N Chairman of the Board 5,000
2025-11-26 CRAIN CHRISTOPHER MADISON General Counsel 1,200 $0.00 $0
2025-11-26 CRAIN CHRISTOPHER MADISON General Counsel 1,200
2025-11-10 BEISER SCOTT L. Chairman of the Board 8,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
2,389.42
+24.81%
1,914.40
+5.80%
1,809.45
-20.29%
2,269.96
Operating Revenue
2,389.42
+24.81%
1,914.40
+5.80%
1,809.45
-20.29%
2,269.96
Cost Of Revenue
1,469.49
+24.81%
1,177.36
+5.80%
1,112.81
-21.00%
1,408.63
Reconciled Cost Of Revenue
1,469.49
+24.81%
1,177.36
+5.80%
1,112.81
-21.00%
1,408.63
Gross Profit
919.92
+24.81%
737.05
+5.80%
696.64
-19.12%
861.32
Operating Expense
363.60
+7.59%
337.95
+5.67%
319.83
+28.72%
248.46
Selling General And Administration
188.48
+1.71%
185.32
+29.69%
142.90
+11.81%
127.81
General And Administrative Expense
188.48
+1.71%
185.32
+29.69%
142.90
+11.81%
127.81
Other Gand A
110.60
+1.24%
109.25
+25.48%
87.06
+8.75%
80.06
Other Operating Expenses
133.85
+7.86%
124.09
+4.54%
118.71
+64.61%
72.11
Total Expenses
1,833.10
+20.97%
1,515.31
+5.77%
1,432.64
-13.55%
1,657.09
Operating Income
556.32
+39.40%
399.10
+5.91%
376.81
-38.52%
612.86
Total Operating Income As Reported
501.54
+38.22%
362.86
+6.18%
341.74
-44.24%
612.86
EBITDA
597.59
+39.74%
427.63
-1.70%
435.03
-34.23%
661.40
Normalized EBITDA
652.37
+40.64%
463.87
-1.33%
470.10
-28.92%
661.40
Reconciled Depreciation
41.27
+44.62%
28.54
-50.99%
58.22
+19.95%
48.54
EBIT
556.32
+39.40%
399.10
+5.91%
376.81
-38.52%
612.86
Total Unusual Items
-54.78
-51.18%
-36.23
-3.32%
-35.07
Total Unusual Items Excluding Goodwill
-54.78
-51.18%
-36.23
-3.32%
-35.07
Special Income Charges
-54.78
-51.18%
-36.23
-3.32%
-35.07
Restructuring And Mergern Acquisition
54.78
+51.18%
36.23
+3.32%
35.07
Net Income
399.71
+42.60%
280.30
+10.26%
254.22
-41.93%
437.75
Pretax Income
531.34
+36.05%
390.54
+20.54%
324.00
-46.35%
603.94
Other Income Expense
-24.99
-192.03%
-8.56
+83.80%
-52.81
-491.62%
-8.93
Other Non Operating Income Expenses
29.79
+7.63%
27.68
+256.04%
-17.74
-98.72%
-8.93
Tax Provision
131.62
+19.40%
110.24
+57.99%
69.78
-57.87%
165.61
Tax Rate For Calcs
0.00
-12.06%
0.00
+31.16%
0.00
-21.53%
0.00
Tax Effect Of Unusual Items
-13.58
-32.95%
-10.22
-35.52%
-7.54
0.00
Net Income Including Noncontrolling Interests
399.71
+42.60%
280.30
+10.26%
254.22
-42.00%
438.32
Net Income From Continuing Operation Net Minority Interest
399.71
+42.60%
280.30
+10.26%
254.22
-41.93%
437.75
Net Income From Continuing And Discontinued Operation
399.71
+42.60%
280.30
+10.26%
254.22
-41.93%
437.75
Net Income Continuous Operations
399.71
+42.60%
280.30
+10.26%
254.22
-42.00%
438.32
Minority Interests
0.00
0.00
+100.00%
-0.57
Normalized Income
440.90
+43.94%
306.32
+8.72%
281.75
-35.64%
437.75
Net Income Common Stockholders
399.71
+42.60%
280.30
+10.26%
254.22
-41.93%
437.75
Diluted EPS
5.82
+41.61%
4.11
+3.27%
3.98
-37.91%
6.41
Basic EPS
6.08
+39.45%
4.36
+2.59%
4.25
-36.94%
6.74
Basic Average Shares
65.72
+2.16%
64.34
+1.55%
63.36
-2.48%
64.97
Diluted Average Shares
68.66
+0.73%
68.16
+0.85%
67.59
-0.99%
68.26
Diluted NI Availto Com Stockholders
399.71
+42.60%
280.30
+10.26%
254.22
-41.93%
437.75
Depreciation Amortization Depletion Income Statement
41.27
+44.62%
28.54
-50.99%
58.22
+19.95%
48.54
Depreciation And Amortization In Income Statement
41.27
+44.62%
28.54
-50.99%
58.22
+19.95%
48.54
Rent And Landing Fees
77.88
+2.37%
76.08
+36.25%
55.84
+16.95%
47.75
Rent Expense Supplemental
77.88
+2.37%
76.08
+36.25%
55.84
+16.95%
47.75
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
3,819.71
+20.47%
3,170.76
+6.80%
2,968.81
+2.84%
2,886.81
Current Assets
1,557.99
+35.02%
1,153.92
+11.40%
1,035.83
-4.34%
1,082.85
Cash Cash Equivalents And Short Term Investments
1,138.34
+56.19%
728.80
+1.13%
720.69
-13.55%
833.70
Cash And Cash Equivalents
971.01
+34.63%
721.24
+0.95%
714.44
-14.30%
833.70
Other Short Term Investments
167.33
+2111.58%
7.57
+20.98%
6.25
Receivables
415.09
-2.22%
424.50
+34.86%
314.77
+26.52%
248.78
Accounts Receivable
257.33
+28.90%
199.63
+9.67%
182.03
+26.38%
144.03
Gross Accounts Receivable
271.17
+30.12%
208.40
+9.22%
190.80
+24.72%
152.98
Allowance For Doubtful Accounts Receivable
-13.84
-57.90%
-8.77
+0.07%
-8.77
+2.02%
-8.95
Other Receivables
157.76
-17.84%
192.01
+66.90%
115.05
+9.83%
104.75
Taxes Receivable
0.00
-100.00%
32.86
+85.70%
17.69
0.00
Restricted Cash
4.57
+638.61%
0.62
+65.95%
0.37
+0.00%
0.37
Total Non Current Assets
2,261.72
+12.14%
2,016.84
+4.34%
1,932.98
+7.15%
1,803.96
Net PPE
512.02
+6.51%
480.73
+13.86%
422.22
+88.39%
224.12
Gross PPE
592.55
+7.93%
549.03
+12.00%
490.22
+71.65%
285.58
Accumulated Depreciation
-80.53
-17.90%
-68.31
-0.46%
-67.99
-10.62%
-61.47
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
51.42
+22.57%
41.95
+32.79%
31.59
-14.64%
37.01
Other Properties
381.17
+5.27%
362.08
+3.02%
351.47
+85.85%
189.11
Leases
159.96
+10.32%
145.00
+35.31%
107.16
+80.21%
59.46
Goodwill And Other Intangible Assets
1,497.26
+13.01%
1,324.94
+2.62%
1,291.15
-2.02%
1,317.78
Goodwill
1,284.59
+13.93%
1,127.50
+3.65%
1,087.78
+1.62%
1,070.44
Other Intangible Assets
212.67
+7.71%
197.44
-2.92%
203.37
-17.77%
247.33
Investments And Advances
28.30
-7.04%
30.44
-1.98%
31.05
-71.55%
109.14
Non Current Deferred Assets
92.78
+3.01%
90.06
-14.18%
104.94
+10.14%
95.28
Non Current Deferred Taxes Assets
92.78
+3.01%
90.06
-14.18%
104.94
+10.14%
95.28
Other Non Current Assets
131.37
+44.87%
90.68
+8.45%
83.61
+45.04%
57.65
Total Liabilities Net Minority Interest
1,644.83
+23.30%
1,334.01
-1.59%
1,355.52
-6.07%
1,443.11
Current Liabilities
1,128.46
+29.21%
873.34
-5.07%
919.99
-21.36%
1,169.81
Payables And Accrued Expenses
1,080.24
+28.57%
840.20
-4.45%
879.30
-22.94%
1,141.06
Payables
143.62
+25.80%
114.17
+0.66%
113.42
-39.49%
187.46
Accounts Payable
137.23
+20.20%
114.17
+0.66%
113.42
-10.12%
126.19
Current Accrued Expenses
936.62
+29.01%
726.03
-5.20%
765.88
-19.69%
953.60
Total Tax Payable
6.40
0.00
0.00
-100.00%
61.27
Income Tax Payable
6.40
0.00
0.00
-100.00%
61.27
Current Deferred Liabilities
48.22
+45.49%
33.14
-18.57%
40.70
+41.53%
28.75
Current Deferred Revenue
48.22
+45.49%
33.14
-18.57%
40.70
+41.53%
28.75
Total Non Current Liabilities Net Minority Interest
516.37
+12.09%
460.67
+5.77%
435.52
+59.36%
273.29
Long Term Debt And Capital Lease Obligation
438.19
+5.48%
415.41
+10.82%
374.87
+89.68%
197.63
Long Term Debt
0.54
Long Term Capital Lease Obligation
438.19
+5.48%
415.41
+10.82%
374.87
+90.20%
197.09
Non Current Deferred Liabilities
8.78
+17.04%
7.50
+1279.60%
0.54
-31.05%
0.79
Non Current Deferred Taxes Liabilities
8.78
+17.04%
7.50
+1279.60%
0.54
-31.05%
0.79
Other Non Current Liabilities
69.40
+83.85%
37.75
-37.20%
60.11
-19.72%
74.87
Stockholders Equity
2,174.88
+18.41%
1,836.75
+13.85%
1,613.30
+11.75%
1,443.70
Common Stock Equity
2,174.88
+18.41%
1,836.75
+13.85%
1,613.30
+11.75%
1,443.70
Capital Stock
0.07
+1.45%
0.07
+0.00%
0.07
+1.47%
0.07
Common Stock
0.07
+1.45%
0.07
+0.00%
0.07
+1.47%
0.07
Share Issued
69.84
+1.08%
69.10
+0.59%
68.69
+1.75%
67.50
Ordinary Shares Number
69.84
+1.08%
69.10
+0.59%
68.69
+1.75%
67.50
Additional Paid In Capital
843.35
+13.99%
739.87
+15.07%
642.97
+13.85%
564.76
Retained Earnings
1,394.74
+19.88%
1,163.42
+12.62%
1,033.07
+12.02%
922.22
Gains Losses Not Affecting Retained Earnings
-63.28
+4.99%
-66.61
-6.04%
-62.81
-44.91%
-43.35
Other Equity Adjustments
-63.28
+4.99%
-66.61
-6.04%
-62.81
-44.91%
-43.35
Total Equity Gross Minority Interest
2,174.88
+18.41%
1,836.75
+13.85%
1,613.30
+11.75%
1,443.70
Total Capitalization
2,174.88
+18.41%
1,836.75
+13.85%
1,613.30
+11.71%
1,444.24
Working Capital
429.54
+53.09%
280.58
+142.21%
115.84
+233.21%
-86.96
Invested Capital
2,174.88
+18.41%
1,836.75
+13.85%
1,613.30
+11.71%
1,444.24
Total Debt
438.19
+5.48%
415.41
+10.82%
374.87
+89.68%
197.63
Capital Lease Obligations
438.19
+5.48%
415.41
+10.82%
374.87
+90.20%
197.09
Net Tangible Assets
677.62
+32.40%
511.81
+58.88%
322.14
+155.81%
125.93
Tangible Book Value
677.62
+32.40%
511.81
+58.88%
322.14
+155.81%
125.93
Held To Maturity Securities
28.30
-7.04%
30.44
-1.98%
31.05
Investmentin Financial Assets
28.30
-7.04%
30.44
-1.98%
31.05
-71.55%
109.14
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
848.61
+158.36%
328.46
+141.03%
136.27
-81.50%
736.60
Cash Flow From Continuing Operating Activities
848.61
+158.36%
328.46
+141.03%
136.27
-81.50%
736.60
Net Income From Continuing Operations
399.71
+42.60%
280.30
+10.26%
254.22
-42.00%
438.32
Depreciation Amortization Depletion
41.27
+44.62%
28.54
-50.99%
58.22
+19.95%
48.54
Depreciation
21.94
+23.39%
17.78
+34.20%
13.25
-9.25%
14.60
Amortization Cash Flow
19.33
+79.73%
10.75
-76.09%
44.97
+32.51%
33.94
Depreciation And Amortization
41.27
+44.62%
28.54
-50.99%
58.22
+19.95%
48.54
Amortization Of Intangibles
19.33
+79.73%
10.75
-76.09%
44.97
+32.51%
33.94
Other Non Cash Items
36.26
+60.89%
22.54
-21.59%
28.74
-25.57%
38.61
Stock Based Compensation
168.44
+1.11%
166.59
+6.15%
156.94
+70.81%
91.88
Provisionand Write Offof Assets
9.26
+27.48%
7.26
+12.99%
6.43
+72.92%
3.72
Deferred Tax
-0.96
-104.68%
20.47
+694.02%
-3.45
+95.15%
-71.07
Deferred Income Tax
-0.96
-104.68%
20.47
+694.02%
-3.45
+95.15%
-71.07
Unrealized Gain Loss On Investment Securities
-1.45
-65.41%
-0.88
-123.80%
3.68
-12.96%
4.23
Change In Working Capital
196.07
+199.85%
-196.37
+46.71%
-368.51
-302.06%
182.38
Change In Receivables
-21.93
+78.35%
-101.31
-105.33%
-49.34
-253.40%
32.16
Changes In Account Receivables
-55.70
-133.75%
-23.83
+36.87%
-37.74
-367.14%
14.13
Change In Payables And Accrued Expense
236.12
+392.41%
-80.75
+73.54%
-305.16
-326.86%
134.51
Change In Accrued Expense
210.25
+597.42%
-42.27
+77.70%
-189.53
-225.75%
150.72
Change In Payable
25.87
+167.22%
-38.48
+66.72%
-115.62
-613.33%
-16.21
Change In Account Payable
-13.37
+42.36%
-23.19
+27.56%
-32.01
-221.59%
-9.96
Change In Other Working Capital
15.08
+299.52%
-7.56
-163.27%
11.94
+1379.93%
0.81
Change In Other Current Assets
-33.19
-391.33%
-6.76
+73.97%
-25.96
-274.27%
14.89
Investing Cash Flow
-265.06
-276.47%
-70.41
-2243.74%
-3.00
+98.90%
-273.91
Cash Flow From Continuing Investing Activities
-265.06
-276.47%
-70.41
-2243.74%
-3.00
+98.90%
-273.91
Net PPE Purchase And Sale
-39.70
+40.51%
-66.73
-31.54%
-50.73
-484.46%
-8.68
Purchase Of PPE
-39.70
+40.51%
-66.73
-31.54%
-50.73
-484.46%
-8.68
Capital Expenditure
-39.70
+40.51%
-66.73
-31.54%
-50.73
-484.46%
-8.68
Net Investment Purchase And Sale
-156.17
-86861.67%
0.18
-99.74%
68.15
-28.83%
95.76
Purchase Of Investment
-250.48
-2120.93%
-11.28
+41.35%
-19.23
+81.07%
-101.56
Sale Of Investment
94.31
+723.05%
11.46
-86.89%
87.38
-55.72%
197.32
Net Business Purchase And Sale
-69.19
-1694.29%
-3.86
+81.12%
-20.43
+94.34%
-361.00
Purchase Of Business
-69.19
-1694.29%
-3.86
+81.12%
-20.43
+94.34%
-361.00
Financing Cash Flow
-329.07
-31.32%
-250.59
-4.21%
-240.46
+47.62%
-459.06
Cash Flow From Continuing Financing Activities
-329.07
-31.32%
-250.59
-4.21%
-240.46
+47.62%
-459.06
Net Issuance Payments Of Debt
0.00
0.00
+100.00%
-3.03
-981.07%
-0.28
Repayment Of Debt
0.00
0.00
+100.00%
-3.03
-981.07%
-0.28
Long Term Debt Payments
0.00
0.00
+100.00%
-3.03
-981.07%
-0.28
Net Long Term Debt Issuance
0.00
0.00
+100.00%
-3.03
-981.07%
-0.28
Net Common Stock Issuance
-52.51
-110.46%
-24.95
+48.72%
-48.66
+84.04%
-304.79
Common Stock Payments
-52.51
-110.46%
-24.95
+48.72%
-48.66
+84.04%
-304.79
Common Stock Dividend Paid
-165.22
-11.29%
-148.45
-5.75%
-140.38
-22.28%
-114.81
Cash Dividends Paid
-165.22
-11.29%
-148.45
-5.75%
-140.38
-22.28%
-114.81
Repurchase Of Capital Stock
-52.51
-110.46%
-24.95
+48.72%
-48.66
+84.04%
-304.79
Net Other Financing Charges
-111.34
-44.26%
-77.18
-59.49%
-48.39
-23.51%
-39.18
Changes In Cash
254.48
+3308.08%
7.47
+106.97%
-107.19
-3052.98%
3.63
Effect Of Exchange Rate Changes
-0.76
-77.88%
-0.42
+96.48%
-12.06
+28.12%
-16.78
Beginning Cash Position
721.85
+0.99%
714.81
-14.30%
834.07
-1.55%
847.22
End Cash Position
975.58
+35.15%
721.85
+0.99%
714.81
-14.30%
834.07
Free Cash Flow
808.91
+209.07%
261.73
+205.96%
85.54
-88.25%
727.92
Interest Paid Supplemental Data
1.36
+135.41%
0.58
-90.19%
5.90
+490.40%
1.00
Income Tax Paid Supplemental Data
93.31
-11.18%
105.06
-32.99%
156.79
-35.22%
242.03
Change In Income Tax Payable
39.23
+356.62%
-15.29
+81.71%
-83.61
-1236.89%
-6.25
Change In Tax Payable
39.23
+356.62%
-15.29
+81.71%
-83.61
-1236.89%
-6.25
Common Stock Issuance
0.00
0.00
Issuance Of Capital Stock
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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