Houlihan Lokey Inc. | Large-cap | Financial Services
$191.39
-0.17%
| Houlihan Lokey Stock Comparison:
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TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 666.4M
Gross Profit 256.6M 38.50%
Operating Income 159.9M 23.99%
Net Income 121.9M 18.29%

Balance Sheet Metrics

Total Assets 3.8B
Total Liabilities 1.6B
Shareholders Equity 2.2B
Debt to Equity 0.76

Cash Flow Metrics

Operating Cash Flow 102.3M
Free Cash Flow 343.9M

Revenue & Profitability Trend

Houlihan Lokey Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i2.4B1.9B1.8B2.3B1.5B
Cost of Goods Sold i1.5B1.2B1.1B1.4B971.2M
Gross Profit i919.9M700.8M661.6M861.3M554.3M
Gross Margin % i38.5%36.6%36.6%37.9%36.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i188.5M185.3M142.9M127.8M95.6M
Other Operating Expenses i133.8M124.1M118.7M72.1M35.3M
Total Operating Expenses i322.3M309.4M261.6M199.9M130.9M
Operating Income i556.3M362.9M341.7M612.9M408.2M
Operating Margin % i23.3%19.0%18.9%27.0%26.8%
Non-Operating Items
Interest Income i-----
Interest Expense i-----
Other Non-Operating Income-25.0M27.7M-17.7M-8.9M1.1M
Pre-tax Income i531.3M390.5M324.0M603.9M409.2M
Income Tax i131.6M110.2M69.8M165.6M96.5M
Effective Tax Rate % i24.8%28.2%21.5%27.4%23.6%
Net Income i399.7M280.3M254.2M438.3M312.8M
Net Margin % i16.7%14.6%14.0%19.3%20.5%
Key Metrics
EBITDA i652.4M391.4M400.0M661.4M423.4M
EPS (Basic) i$6.08$4.36$4.01$6.74$4.75
EPS (Diluted) i$5.82$4.11$3.76$6.41$4.55
Basic Shares Outstanding i6572447364337975633584086497028765785042
Diluted Shares Outstanding i6572447364337975633584086497028765785042

Income Statement Trend

Houlihan Lokey Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i971.0M721.2M714.4M833.7M846.9M
Short-term Investments i167.3M7.6M6.3M--
Accounts Receivable i257.3M199.6M182.0M144.0M108.4M
Inventory i-----
Other Current Assets-----
Total Current Assets i1.6B1.2B1.0B1.1B1.1B
Non-Current Assets
Property, Plant & Equipment i381.2M362.1M351.5M189.1M167.9M
Goodwill i2.8B2.5B2.4B2.4B1.5B
Intangible Assets i212.7M197.4M203.4M247.3M195.2M
Long-term Investments-----
Other Non-Current Assets224.1M180.7M188.6M152.9M79.1M
Total Non-Current Assets i2.3B2.0B1.9B1.8B1.4B
Total Assets i3.8B3.2B3.0B2.9B2.4B
Liabilities
Current Liabilities
Accounts Payable i137.2M114.2M113.4M126.2M67.5M
Short-term Debt i-----
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i1.1B873.3M920.0M1.2B812.1M
Non-Current Liabilities
Long-term Debt i438.2M415.4M374.9M197.6M175.3M
Deferred Tax Liabilities i8.8M7.5M544.0K789.0K52.0K
Other Non-Current Liabilities69.4M37.8M60.1M74.9M55.0M
Total Non-Current Liabilities i516.4M460.7M435.5M273.3M230.4M
Total Liabilities i1.6B1.3B1.4B1.4B1.0B
Equity
Common Stock i70.0K69.0K69.0K68.0K68.0K
Retained Earnings i1.4B1.2B1.0B922.2M600.1M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i2.2B1.8B1.6B1.4B1.4B
Key Metrics
Total Debt i438.2M415.4M374.9M197.6M175.3M
Working Capital i429.5M280.6M115.8M-87.0M261.7M

Balance Sheet Composition

Houlihan Lokey Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i399.7M280.3M254.2M438.3M312.8M
Depreciation & Amortization i41.3M28.5M58.2M48.5M15.2M
Stock-Based Compensation i168.4M166.6M156.9M91.9M62.4M
Working Capital Changes i-53.4M-138.8M-95.4M37.9M-121.5M
Operating Cash Flow i591.3M379.6M399.3M584.2M270.9M
Investing Activities
Capital Expenditures i-39.7M-66.7M-50.7M-8.7M-14.1M
Acquisitions i-69.2M-3.9M-20.4M-361.0M-12.5M
Investment Purchases i-250.5M-11.3M-19.2M-101.6M-391.6M
Investment Sales i94.3M11.5M87.4M197.3M318.4M
Investing Cash Flow i-265.1M-70.4M-3.0M-273.9M-99.7M
Financing Activities
Share Repurchases i-52.5M-25.0M-48.7M-304.8M-102.2M
Dividends Paid i-165.2M-148.5M-140.4M-114.8M-92.0M
Debt Issuance i-----
Debt Repayment i00-3.0M-280.0K-4.2M
Financing Cash Flow i-329.1M-250.6M-240.5M-459.1M-26.8M
Free Cash Flow i808.9M261.7M85.5M727.9M565.7M
Net Change in Cash i-2.8M58.6M155.8M-148.8M144.3M

Cash Flow Trend

Houlihan Lokey Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 33.66
Forward P/E 28.61
Price to Book 6.19
Price to Sales 5.72
PEG Ratio 28.61

Profitability Ratios

Profit Margin 16.73%
Operating Margin 23.84%
Return on Equity 19.93%
Return on Assets 11.44%

Financial Health

Current Ratio 1.22
Debt to Equity 20.15
Beta 0.84

Per Share Data

EPS (TTM) $5.73
Book Value per Share $31.14
Revenue per Share $36.35

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
hli13.7B33.666.1919.93%16.73%20.15
Morgan Stanley 230.3B16.272.3812.14%22.49%416.64
Goldman Sachs 224.5B16.132.1112.76%28.40%532.26
Charles Schwab 177.9B26.324.4111.32%33.68%110.20
Interactive Brokers 110.2B34.325.9322.39%14.87%114.68
Robinhood Markets 94.2B61.0111.8821.43%48.77%118.06

Financial data is updated regularly. All figures are in the company's reporting currency.