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

145.23 1.99 −1.35%
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) Return on invested capital

Alert me on Return on invested capital

Houlihan Lokey, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 22.0%, down 6.6 percentage points from fiscal 2026 (28.6%). Over the past ten years it has ranged from 10.9% (fiscal 2015) to 62.8% (fiscal 2022); the current reading is higher than 75% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 28.6% 2.48
FY2025 26.1% 5.17
FY2024 20.9% (2.85)
FY2023 23.8% (39.01)
FY2022 62.8% 15.29
FY2021 47.5% 23.90
FY2020 23.6% 1.28
FY2019 22.3% (1.43)
FY2018 23.7% (18.94)
FY2017 42.7% 28.61

Against its own ten years

Low 10.9% High 62.8%
Ten-year median 23.8%
Current reading's percentile 75

Return on invested capital against peers

Company Return on invested capital
HLI Houlihan Lokey, Inc. 22.0%
XP XP Inc. compare 20.5%
JEF Jefferies Financial Group Inc. compare 8.20%
FUTU Futu Holdings Limited Sponsored ADR compare 0.00%
EVR Evercore Inc compare 0.00%
VIRT Virtu Financial, Inc. compare 0.00%
SF Stifel Financial Corporation compare 0.00%
IREN IREN Limited compare −5.53%
BMNR BitMine Immersion Technologies, Inc. compare −49.7%
Capital Markets industry median 0.00%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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