HLI
Houlihan Lokey Inc
NYSE: HLI · FINANCIAL SERVICES · CAPITAL MARKETS
$154.75
-0.80% today
Updated 2026-04-30
Market cap
$11.13B
P/E ratio
24.50
P/S ratio
4.20x
EPS (TTM)
$6.51
Dividend yield
1.48%
52W range
$134 – $210
Volume
0.6M
Houlihan Lokey Inc (HLI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $520.28M | $592.45M | $680.87M | $693.76M | $872.09M | $963.36M | $1.08B | $1.16B | $1.53B | $2.27B | $1.81B | $1.91B | $2.39B |
| Revenue growth (YoY) | — | +13.9% | +14.9% | +1.9% | +25.7% | +10.5% | +12.6% | +6.9% | +31.6% | +48.8% | -20.3% | +5.8% | +24.8% |
| Cost of revenue | — | $414.92M | $475.10M | $461.61M | $582.24M | $636.63M | $692.07M | $737.76M | $971.20M | $1.41B | $1.11B | $1.18B | $1.47B |
| Gross profit | $520.28M | $177.53M | $205.77M | $232.16M | $289.85M | $326.73M | $392.31M | $421.61M | $554.26M | $861.32M | $696.64M | $737.05M | $919.92M |
| Gross margin | 100.0% | 30.0% | 30.2% | 33.5% | 33.2% | 33.9% | 36.2% | 36.4% | 36.3% | 37.9% | 38.5% | 38.5% | 38.5% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| SG&A | — | $38.06M | $43.83M | $63.16M | $57.80M | $64.16M | $83.22M | $93.30M | $95.56M | $127.81M | $142.90M | $185.32M | $188.48M |
| Operating income | $95.39M | $102.85M | $128.65M | $126.40M | $182.00M | $214.41M | $219.10M | $229.60M | $408.16M | $612.86M | $341.74M | $362.86M | $501.54M |
| Operating margin | 18.3% | 17.4% | 18.9% | 18.2% | 20.9% | 22.3% | 20.2% | 19.8% | 26.8% | 27.0% | 18.9% | 19.0% | 21.0% |
| EBITDA | $2.96M | $108.89M | $134.16M | $133.90M | $190.85M | $222.32M | $233.57M | $246.89M | $423.38M | $661.40M | $435.03M | $427.63M | $597.59M |
| EBITDA margin | 0.6% | 18.4% | 19.7% | 19.3% | 21.9% | 23.1% | 21.5% | 21.3% | 27.8% | 29.1% | 24.0% | 22.3% | 25.0% |
| EBIT | $98.36M | $102.85M | $128.65M | $126.40M | $182.00M | $214.41M | $219.10M | $229.60M | $408.16M | $612.86M | $376.81M | $399.10M | $556.32M |
| Interest expense | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $640000.00 | $571000.00 | $547000.00 | $9.50M | $2.74M | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $58.97M | $61.32M | $79.88M | $69.74M | $108.34M | $172.28M | $159.11M | $183.79M | $312.77M | $437.75M | $254.22M | $280.30M | $399.71M |
| Net income growth (YoY) | — | +4.0% | +30.3% | -12.7% | +55.4% | +59.0% | -7.6% | +15.5% | +70.2% | +40.0% | -41.9% | +10.3% | +42.6% |
| Profit margin | 11.3% | 10.4% | 11.7% | 10.1% | 12.4% | 17.9% | 14.7% | 15.9% | 20.5% | 19.3% | 14.0% | 14.6% | 16.7% |