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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%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Houlihan Lokey, Inc. (HLI) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Houlihan Lokey, Inc. (HLI) trades at a price to free cash flow of 24.6×. Over the past ten years it has ranged from 0.0× (March 2023) to 638× (April 2016); the current reading is higher than 82% of that period. That is above the Capital Markets industry median of 9.3× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 14.0× 6.83%
FY2025 13.1× (58.35%)
FY2024 31.5× (51.38%)
FY2023 64.8× 726.92%
FY2022 7.8× 1.32%
FY2021 7.7× (36.26%)
FY2020 12.1× (9.17%)
FY2019 13.4× 18.98%
FY2018 11.2× 26.75%
FY2017 8.9× (98.59%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 20.9× 13.82%
Jun 2026 18.4× 31.25%
Mar 2026 14.0× (10.76%)
Dec 2025 15.7× (10.53%)
43 more quarters

Against its own ten years

Low 0.0× High 638×
Ten-year median 13.8×
Current reading's percentile 82

Price to free cash flow against peers

Company Price to free cash flow
IREN IREN Limited compare n/m
BMNR BitMine Immersion Technologies, Inc. compare n/m
FUTU Futu Holdings Limited Sponsored ADR compare 1.7×
JEF Jefferies Financial Group Inc. compare 2.3×
XP XP Inc. compare 3.2×
EVR Evercore Inc compare 6.9×
VIRT Virtu Financial, Inc. compare 9.8×
HLI Houlihan Lokey, Inc. 24.6×
SF Stifel Financial Corporation compare 38.5×
Capital Markets industry median 9.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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