Friday 6 November 2026 Export HLI’s income statement to Excel — free account

Houlihan Lokey, Inc.

HLI Financial Capital Markets

Houlihan Lokey, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.6 billion, up 9.55% from fiscal 2025.

Revenue: +4.85%
EPS: −1.80%
Free cash flow: −25.7%

Quarter to September 2026, against a year earlier

148.20 5.86 −3.80%

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Market cap: $10.2B
P/E: 24.5×
Fwd P/E: 18.2×
Dividend yield: 1.75%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Sep '26	Jun '26	Mar '26	Dec '25	Older periods
P/E ratio Full definition →	20.85	22.02	22.48	25.88	+8 more quarters Free account
P/S ratio Full definition →	3.29	3.53	3.65	4.38
P/FCF ratio Full definition →	20.94	18.40	14.02	15.71
P/Operating CF Full definition →	33.39	(26.55)	32.62	53.22
P/B ratio Full definition →	3.65	3.96	4.08	5.06
Price to Tangible BV Full definition →	13.48	13.60	12.88	14.48
EV/Sales Full definition →	—	3.24	3.20	3.98
EV/EBITDA Full definition →	—	14.87	14.69	17.79
EV/Operating CF Full definition →	—	16.35	11.89	13.71
EV/FCF Full definition →	—	16.86	12.27	14.28
Quick Ratio Full definition →	1.28	1.36	1.17	1.28
Current Ratio Full definition →	1.28	1.36	1.17	1.28
Net Debt/EBITDA Full definition →	(5.10)	(8.66)	(8.92)	(6.24)
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.66	0.70	0.64	0.71
Operating CF/Net income Full definition →	2.31	(4.31)	2.93	1.87
Capex/Depreciation Full definition →	(1.20)	(0.75)	(0.78)	(0.12)
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.42	0.43	0.37	0.38
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(0.06)	(0.06)	(0.06)	(0.03)
Graham Number Full definition →	68.72	68.17	71.13	72.20
Earnings Yield Full definition →	4.80%	4.54%	4.45%	3.86%
Free Cash Flow Yield Full definition →	4.78%	5.44%	7.13%	6.37%
Revenue per Share Full definition →	10.39	7.68	9.55	10.76
Operating CF per Share Full definition →	3.78	(5.05)	4.40	3.27
Capex per Share Full definition →	(0.18)	(0.09)	(0.09)	(0.02)
Free Cash Flow per Share Full definition →	3.60	(5.14)	4.31	3.26
Cash per Share Full definition →	12.57	11.20	17.87	15.86
Shareholders Equity per Share Full definition →	34.64	33.91	35.19	34.42
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00
Book value per Share Full definition →	34.64	33.91	35.19	34.42
Free Cash Flow Full definition →	240.00	(342.00)	286.78	217.04
Working Capital Full definition →	245.00	258.00	204.00	278.57
Capital Expenditures Full definition →	(12.00)	(6.00)	(6.25)	(1.06)
Net Current Asset Value Full definition →	(546.00)	(493.00)	(550.00)	(375.63)
EV/EBIT Full definition →	—	15.87	15.88	19.43
Capex to Sales Full definition →	0.02	0.01	0.01	0.00
Price to Operating Income Full definition →	16.24	17.32	18.14	21.38
Other line items
Average Receivables Full definition →	268.08	222.32	242.66	188.78
Average Payables Full definition →	105.43	113.80	136.61	115.39
Average Assets Full definition →	3,884.18	3,617.40	4,064.35	3,706.26
Average Common Equity Full definition →	2,276.95	2,216.41	2,258.44	2,187.15

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Columns are period end dates · fundamentals updated 5 Nov 2026

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