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Houlihan Lokey (HLI)

NYSE Financials Investment Banking & Brokerage S&P MidCap 400
$145.86
-1.36 (-0.92%)
Close of Nov 06, 2026 · end-of-day data
Source: Houlihan Lokey's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$872.09M$963.36M$1.08B$1.16B$1.53B$2.27B$1.81B$1.91B$2.39B$2.62B
Gross profit$241.47M$277.60M$305.99M$322.55M$521.37M$795.29M$557.08M$571.07M$772.31M—
Operating income$182.00M$214.41M$219.10M$229.60M$408.16M$612.86M$341.74M$373.23M$502.57M$527.02M
Pre-tax income$178.49M$217.84M$224.32M$235.65M$409.23M$603.94M$324.00M$390.54M$531.34M$562.26M
Income tax$70.14M$45.55M$65.21M$51.85M$96.46M$165.61M$69.78M$110.24M$131.62M$138.09M
Net income$108.34M$172.28M$159.11M$183.79M$312.77M$437.75M$254.22M$280.30M$399.71M$425.70M
EBITDA$190.85M$222.32M$233.57M$246.89M$423.38M$661.40M$399.96M$401.77M$543.84M$569.65M
EPS (basic)$1.77$2.76$2.56$2.96$4.75$6.74$4.01$4.36$6.08$6.40
EPS (diluted)$1.63$2.60$2.42$2.80$4.55$6.41$3.76$4.11$5.82$6.22
Diluted shares66.58M66.32M65.85M65.73M68.67M68.26M67.59M68.16M68.66M68.43M
Gross margin27.7%28.8%28.2%27.8%34.2%35.0%30.8%29.8%32.3%—
Operating margin20.9%22.3%20.2%19.8%26.8%27.0%18.9%19.5%21.0%20.1%
Net margin12.4%17.9%14.7%15.9%20.5%19.3%14.0%14.6%16.7%16.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$300.31M$206.72M$285.75M$380.37M$846.85M$833.70M$714.44M$721.24M$971.01M$1.19B
Goodwill$519.49M$528.89M$594.81M$618.46M$671.07M$1.07B$1.09B$1.13B$1.28B$1.40B
Total assets$1.39B$1.42B$1.43B$1.68B$2.43B$2.89B$2.97B$3.17B$3.82B$4.31B
Long-term debt$32.56M$11.86M$31.19M$36.70M$55.86M—————
Total debt$32.56M$11.86M$31.19M$36.70M$55.86M—————
Total liabilities$655.25M$566.03M$534.58M$692.62M$1.04B$1.44B$1.36B$1.33B$1.64B$1.86B
Shareholders' equity$726.62M$852.81M$891.33M$984.38M$1.38B$1.44B$1.61B$1.84B$2.17B$2.34B

Cash flow

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$252.02M$250.65M$224.27M$287.67M$579.84M$736.60M$136.27M$328.46M$848.61M$704.13M
Capital expenditures$14.42M$7.72M$6.73M$20.72M$14.15M$8.68M$50.73M$66.73M$39.70M$22.31M
Free cash flow$237.60M$242.93M$217.55M$266.95M$565.69M$727.92M$85.54M$261.73M$808.91M$681.82M
Investing cash flow-$1.65M-$218.58M$6.46M-$33.14M-$99.75M-$273.91M-$3.00M-$70.41M-$265.06M$2.18M
Financing cash flow$80.17M-$225.31M-$236.14M-$152.14M-$26.82M-$459.06M-$240.46M-$250.59M-$329.07M-$492.94M
Dividends paid$55.29M$52.08M$66.93M$80.66M$92.01M$114.81M$140.38M$148.45M$165.22M$174.04M
Share buybacks$0$18.07M$69.56M$29.64M$102.22M$304.79M$48.66M$24.95M$52.51M$175.43M
Stock-based compensation$39.36M$47.11M$56.56M$64.34M$62.42M$91.88M$156.94M$166.59M$168.44M$201.30M
Depreciation & amortization$8.85M$7.91M$14.47M$17.29M$15.23M$48.54M$58.22M$28.54M$41.27M$42.63M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.