Houlihan Lokey, Inc. HLI
- Market cap
- $8.9B
- P/E
- 21.2×
Follow HLI
Target Price Range
Analyst price targets
Free account| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29.51 | 34.32 | 36.25 | 42.86 | 63.38 | 74.18 | 83.92 | 112.17 | 137.99 | 112.83 |
Analyst estimates 2027–2029 Powerpack |
Low Price
|
||
| 46.99 | 53.20 | 50.00 | 71.00 | 119.89 | 122.62 | 123.51 | 192.10 | 211.78 | 195.06 |
High Price
|
|||
| 1,171 | 1,228 | 1,354 | 1,491 | 650 | 839 | 1,000 | 1,000 | 1,100 | 850 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 3 |
Revenue/Emp
|
|||
| 872 | 963 | 1,084 | 1,159 | 1,525 | 2,270 | 1,809 | 1,914 | 2,389 | 2,618 |
Revenue
|
|||
| 30.75% | 31.17% | 32.23% | 32.75% | 35.91% | 36.95% | 35.68% | 35.09% | 35.78% | 35.73% |
Gross Margin
|
|||
| 178 | 218 | 224 | 236 | 409 | 604 | 324 | 391 | 531 | 562 |
EBT
|
|||
| 20.47% | 22.61% | 20.69% | 20.33% | 26.83% | 26.61% | 17.91% | 20.40% | 22.24% | 21.48% |
EBT Margin
|
|||
| 108 | 172 | 159 | 184 | 313 | 438 | 254 | 280 | 400 | 424 |
Net Income
|
|||
| 9 | 8 | 14 | 17 | 15 | 49 | 58 | 29 | 41 | 43 |
Depreciation
|
|||
| 14.27 | 15.42 | 17.43 | 18.65 | 23.19 | 34.94 | 28.56 | 29.76 | 36.36 | 39.33 |
Revenue/Sh
|
|||
| 1.77 | 2.76 | 2.56 | 2.96 | 4.75 | 6.74 | 4.25 | 4.36 | 6.08 | 6.40 |
Earnings/Sh
|
|||
| 4.12 | 4.01 | 3.60 | 4.63 | 8.81 | 11.34 | 2.15 | 5.11 | 12.91 | 10.58 |
Cash Flow/Sh
|
|||
| (0.24) | (0.12) | (0.11) | (0.33) | (0.22) | (0.13) | (0.80) | (1.04) | (0.60) | (0.34) |
Capex/Sh
|
|||
| 3.89 | 3.89 | 3.50 | 4.30 | 8.60 | 11.20 | 1.35 | 4.07 | 12.31 | 10.25 |
Free CF/Sh
|
|||
| 11.89 | 13.65 | 14.33 | 15.84 | 21.03 | 22.22 | 25.46 | 28.55 | 33.09 | 35.20 |
Book Value/Sh
|
|||
| 61 | 62 | 62 | 62 | 66 | 65 | 63 | 64 | 66 | 67 |
Shares
|
|||
| 19.46 | 15.82 | 18.25 | 17.61 | 14.06 | 13.03 | 21.81 | 29.39 | 26.56 | 22.48 |
PE Ratio
|
|||
| 2.41 | 2.83 | 2.68 | 2.79 | 2.87 | 2.51 | 3.06 | 4.31 | 4.44 | 3.65 |
PS Ratio
|
|||
| 2.90 | 3.20 | 3.26 | 3.29 | 3.16 | 3.95 | 3.44 | 4.49 | 4.88 | 4.08 |
PB Ratio
|
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| 1.89 | 2.53 | 2.42 | 2.47 | 2.31 | 2.15 | 2.86 | 4.14 | 4.21 | 3.35 |
EV/Sales
|
|||
| 6.92 | 10.04 | 12.09 | 10.73 | 6.24 | 6.69 | 60.45 | 30.30 | 12.42 | 12.87 |
EV/FCF
|
|||
| 252 | 251 | 224 | 288 | 580 | 737 | 136 | 328 | 849 | 704 |
Op' Cash Flow
|
|||
| (14) | (8) | (7) | (21) | (14) | (9) | (51) | (67) | (40) | (22) |
Capex
|
|||
| 238 | 243 | 218 | 267 | 566 | 728 | 86 | 262 | 809 | 682 |
FCF
|
|||
| (22) | (145) | (111) | (8) | 171 | (163) | 35 | 114 | 154 | 205 |
Working Cap'
|
|||
| 33 | 12 | 9 | 5 | 1 | 1 | 343 | — | — | — |
Total Debt
|
|||
| (460) | (288) | (277) | (376) | (846) | (834) | (372) | (722) | (971) | (1,189) |
Net Debt
|
|||
| 727 | 853 | 891 | 984 | 1,384 | 1,444 | 1,613 | 1,837 | 2,175 | 2,342 |
Sh' Equity
|
|||
| 8.82% | 12.29% | 11.19% | 11.85% | 15.25% | 16.48% | 8.68% | 9.13% | 11.44% | 10.47% |
ROA
|
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| 42.68% | 23.74% | 22.31% | 23.59% | 47.49% | 62.78% | 17.20% | 20.92% | 26.09% | 28.57% |
ROIC
|
|||
| 15.73% | 21.82% | 18.24% | 19.60% | 26.42% | 30.97% | 16.63% | 16.25% | 19.93% | 18.85% |
ROE
|
|||
Houlihan Lokey, Inc. peers in Capital Markets
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| EVR Evercore Inc | $9.9B | 13.7× | Compare |
| GLXY Galaxy Digital Inc. | $9.9B | 0.0× | Compare |
| FUTU Futu Holdings Limited Sponsored ADR | $10.5B | 10.9× | Compare |
| SF Stifel Financial Corporation | $10.6B | 11.9× | Compare |
Houlihan Lokey, Inc. (HLI) key facts
- Houlihan Lokey, Inc. (HLI) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
- Houlihan Lokey, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.6 billion, up 9.55% from fiscal 2025.
- Net income was $424.2 million, or $6.40 per share (basic), a net margin of 16.3%.
- As of September 25, 2026, HLI traded at $129.07, a market capitalization of $8.9 billion.
- At that price the stock trades at 21.2× trailing-twelve-month earnings and 3.4× sales.
- Houlihan Lokey, Inc. pays an annual dividend of $2.20 per share, a yield of 1.76%, with a payout ratio of 59.0%.
- Return on equity was 18.9% and debt-to-equity 0.00.
Houlihan Lokey, Inc. (HLI) Latest News
22 Sep
Houlihan Lokey named Prabha Sipi Bhandari Chief Legal Officer, overseeing global legal and compliance and serving as corporate secretary and an Executive Officer. She succeeds Christopher Crain, who becomes Corporate Senior Advisor during the transition. Bhandari previously served as CLO, Chief Ethics Officer, and Secretary at Paychex, and held senior legal roles at AIG, Freddie Mac, Viacom, and 13 years at Deutsche Bank (Managing Director, General Counsel for Deutsche Bank Securities Inc., Global Head of M&A – Legal). She began her career at Davis Polk and clerked for the Fifth Circuit. She holds a B.S. from Cornell and a J.D. from NYU. CEO Scott Adelson praised her deep experience in M&A, governance, and regulatory matters as the firm grows globally. Crain will assist with the transition and later advise on non-legal matters. Bhandari’s global legal leadership could strengthen governance and risk management during Houlihan Lokey’s expansion, with potential mid-term benefits to performance.
16 Sep
Houlihan Lokey is expanding into GP-led secondaries to capture growth in private equity secondary markets amid rising demand for liquidity solutions. Strategic entry into GP-led secondaries represents a major move that could significantly boost revenue streams and competitive positioning.
11 Sep
Houlihan Lokey indicates growing financial difficulties among smaller private-credit borrowers. Rising stress among private-credit borrowers signals potential growth in restructuring advisory demand.
10 Sep
Stress among the smallest private credit borrowers has climbed more than tenfold since 2023 according to Houlihan Lokey findings. Rising small-borrower stress signals potential growth in Houlihan Lokey's private-credit advisory and restructuring mandates.
24 Aug
Houlihan Lokey reports Q2 earnings and faces buy, sell or hold analysis for its stock. Q2 earnings review can shift near-term investor sentiment and trading around HLI.
7 Aug
Houlihan Lokey (HLI) held its Q1 2027 earnings call covering financial results, performance metrics and forward outlook. Earnings call supplies quarterly results and guidance that can shift near-term valuation and sentiment.
3 Aug
Houlihan Lokey and Barclays lead financial services M&A advisory rankings for H1 2026. Top M&A advisory ranking directly strengthens Houlihan Lokey's deal pipeline and revenue outlook.
1 Aug
Houlihan Lokey (HLI) leads North American M&A deal volume in H1 2026. Leading regional M&A volume boosts Houlihan Lokey's reputation and deal pipeline.
30 Jul
Houlihan Lokey reported Q1 revenue of $514 million, up 25% year-over-year, with adjusted EPS at $1.45. Corporate finance and financial restructuring segments drove growth amid active M&A and debt markets. Management highlighted strong backlog and expects continued momentum into fiscal 2025. Quarterly results and guidance update investor views on near-term revenue and margins but do not signal structural change.
29 Jul
Houlihan Lokey (HLI) Q1 earnings show key metrics versus Wall Street estimates. Q1 earnings metric comparisons may affect short-term stock price movements.
Houlihan Lokey reported first quarter fiscal 2027 financial results. Quarterly earnings release supplies performance metrics that can shift near-term investor views without altering long-term strategy.
22 Jul
Analysts forecast Houlihan Lokey (HLI) will post lower earnings, flagging items investors should monitor ahead of the report. Expected earnings drop may pressure near-term stock price and investor sentiment.
1 Jul
Houlihan Lokey acquires Intrepid to expand energy advisory operations and capture sector growth. Acquisition of Intrepid represents major strategic expansion in energy advisory that strengthens competitive position and growth outlook.
30 Jun
Houlihan Lokey, Inc. (HLI) acquires Intrepid Financial Partners in a strategic expansion of its financial advisory and investment banking operations. Acquisition marks a major strategic move that expands Houlihan Lokey's platform and competitive reach.
24 Jun
Morningstar Indexes and Houlihan Lokey will launch a daily valued index suite for the Collateralized Loan Obligation market. New CLO index suite launch with Morningstar expands Houlihan Lokey's product offerings and market positioning in financial services.
4 Jun
Houlihan Lokey hires senior executive in Capital Solutions Group to expand GP-led secondaries capabilities into real estate. Single senior hire supports targeted expansion of secondaries platform into adjacent real estate segment.
3 Jun
Houlihan Lokey, Inc. (HLI) has three reasons supporting explosive upside potential. Three reasons for explosive upside indicate significant future performance gains for HLI.
2 Jun
GA Group launches dedicated Transaction Opinions Practice with elite leadership team to accelerate advisory expansion. Launch of specialized transaction opinions unit expands advisory capacity and competitive reach in financial services.
16 May
Houlihan Lokey’s Q1 earnings call highlighted five key analyst questions on financial performance, market conditions and strategic outlook. Earnings call insights may moderately shift short-term investor views on Houlihan Lokey’s results and guidance.
14 May
UBS trims price target on Houlihan Lokey (HLI) as the firm enters fiscal 2027 with a cautious outlook. UBS price target cut highlights cautious expectations for HLI's fiscal 2027 performance, impacting market sentiment moderately.
10 May
Houlihan Lokey reported Q4 earnings call highlights, covering financial results, revenue growth, deal activity, and outlook amid market challenges. Q4 earnings highlights detail financial performance and guidance that significantly shape HLI's stock trajectory and investor sentiment.
8 May
Houlihan Lokey, Inc. (HLI) missed EPS estimates by 9.3%. Analysts forecast future performance amid the earnings shortfall. EPS miss of 9.3% directly impacts financial results and could moderately affect stock sentiment and trajectory.
7 May
Houlihan Lokey (HLI) released Q4 2026 earnings call transcript detailing quarterly financial results, management discussion, and future outlook. Q4 earnings transcripts disclose critical financial metrics and guidance that drive significant shifts in investor sentiment and stock trajectory.
Houlihan Lokey, Inc. released Q4 2026 earnings call summary detailing financial results, strategic updates, and outlook. Q4 earnings call summary discloses financial performance and guidance, significantly impacting investor sentiment and stock trajectory.
6 May
Houlihan Lokey, Inc. (HLI) reported fiscal year and fourth quarter 2026 financial results. Fiscal year-end and quarterly earnings reports significantly impact HLI's financial performance perception and stock trajectory.
Houlihan Lokey (HLI) Q4 earnings key metrics compared to analyst estimates. Q4 earnings metrics versus estimates moderately influence HLI's financial performance perception and short-term market sentiment.
Houlihan Lokey (HLI) missed Q4 earnings and revenue estimates. Missing quarterly earnings and revenue estimates impacts financial performance and investor sentiment but is limited to one quarter.
Houlihan Lokey (NYSE:HLI) missed Q1 CY2026 revenue estimates. Missing Q1 CY2026 revenue estimates signals weaker financial performance, likely causing moderate short-term pressure on stock price and investor sentiment.
29 Apr
Houlihan Lokey, Inc. (HLI) Q4 earnings expected to decline ahead of report release. Expected Q4 earnings decline signals moderately noticeable pressure on financial performance and investor sentiment.
21 Apr
Goldman Sachs and Houlihan Lokey topped the M&A advisers list in Q1 2026. Topping the M&A advisers list alongside Goldman Sachs boosts HLI's reputation, deal pipeline, and investor sentiment significantly.