The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

HLI

Concerning the House

Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). The CF segment offers general financial advisory services; and advises public and private institutions, including financial sponsors on buy-side and sell-side M&A transactions, debt and equity financings in both the private and public markets, and other corporate finance transactions. The FR segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. This segment also provides a range of advisory services, such as structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; liability management transactions; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The FVA segment provides valuation services to companies; debt and equity interests comprising illiquid investments; and other assets and liabilities. This segment also offers fairness opinions in connection with mergers and acquisitions and other transactions; solvency opinions in connection with corporate spin-offs and dividend recapitalizations; other types of financial opinions; and diligence, tax, transaction accounting, and other financial advisory services, as well as dispute resolution services. It serves corporations, financial sponsors, and government agencies. Houlihan Lokey, Inc. was incorporated in 1972 and is headquartered in Los Angeles, California.

United States · hl.com

The Long Run

FY 2016–2025 · 10 years

LineLatestCAGRTrend
Revenue$2.39B+14.1%
Gross profit$772.31M+20.1%
Operating income$341.74M+39.2%
Net income$399.71M+26.4%
Cash from ops$328.46M+7.9%
Quotation

$132.21

+8.79 (+7.1%)

52w hi$206.68
52w lo$123.39
Vol872.04K
As ofAug 13
The Verdict

Hold

Our score -0.04

Short-0.05
Medium-0.01
Long-0.10

computed 2026-08-12

By the Numbers

Houlihan Lokey, Inc.

Financial Services · Capital Markets

Market cap$9.24B
Enterprise value$8.48B
Trailing P/E22.22x
Forward P/E15.02x
EV / EBITDA
P / S (ttm)3.66x
Profit margin16.1%
Return on equity17.8%
Revenue growth-15.5%
Earnings growth-19.0%
Debt / equity20.85
Risk Metrics
Beta vs SPX0.98
Corr SPX0.54
Annual vol29.8%
Annual ret-0.6%
Sharpe-0.02
Max DD-41.0%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.13
Sector+0.08
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$123.59$132.31$123.50$132.21872.04K
Aug 12$125.45$125.97$123.15$123.42761.60K
Aug 11$124.70$126.70$124.05629.21K
Aug 10$127.58$128.13$122.19$123.391.77M
Aug 7$127.81$130.11$127.23$129.00570.20K