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%
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

Houlihan Lokey, Inc. (HLI) Net margin

Alert me on Net margin

Houlihan Lokey, Inc.'s net margin over the twelve months to 30 September 2026 was 15.8%, down 0.5 percentage points from fiscal 2026 (16.3%). Over the past ten years it has ranged from 10.1% (fiscal 2016) to 20.5% (fiscal 2021); the current reading is higher than 67% of that period. That is above the Capital Markets industry median of −0.34% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 16.3% (0.47)
FY2025 16.7% 2.09
FY2024 14.6% 0.59
FY2023 14.1% (5.23)
FY2022 19.3% (1.22)
FY2021 20.5% 4.65
FY2020 15.9% 1.18
FY2019 14.7% (3.21)
FY2018 17.9% 5.46
FY2017 12.4% 2.37

Quarterly newest first

Period Net margin Change (points)
Sep 2026 15.8% 0.49
Jun 2026 15.3% (0.50)
Mar 2026 15.8% (0.49)
Dec 2025 16.3% (0.57)
43 more quarters

Against its own ten years

Low 10.1% High 20.5%
Ten-year median 15.3%
Current reading's percentile 49

Net margin against peers

Company Net margin
FUTU Futu Holdings Limited Sponsored ADR compare 43.0%
XP XP Inc. compare 27.8%
SF Stifel Financial Corporation compare 15.9%
HLI Houlihan Lokey, Inc. 15.8%
EVR Evercore Inc compare 15.6%
VIRT Virtu Financial, Inc. compare 12.7%
JEF Jefferies Financial Group Inc. compare 10.1%
IREN IREN Limited compare −99.4%
BMNR BitMine Immersion Technologies, Inc. compare −14,335.1%
Capital Markets industry median −0.34%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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