Inside the research
Houlihan Lokey, Inc.
HLI Research profile · latest available data
Price overview
$129.07
▲ +1.58 (+1.2%)
| 52w hi | $202.65 |
|---|---|
| 52w lo | $122.74 |
| Vol | 787.30K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.29
| Short | -0.26 |
|---|---|
| Medium | -0.31 |
| Long | -0.30 |
computed 2026-09-27
Key fundamentals
Houlihan Lokey, Inc.
Financial Services · Capital Markets
| Market cap | $9.02B |
|---|---|
| Enterprise value | $8.88B |
| Trailing P/E | 21.69x |
| Forward P/E | 14.69x |
| P / S (ttm) | 3.57x |
| Profit margin | 16.1% |
| Return on equity | 17.8% |
| Revenue growth | -15.5% |
| Earnings growth | -19.0% |
| Debt / equity | 20.85 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.12 | |
| Sector | +0.02 | |
| Technical | -0.24 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.98 |
|---|---|
| Corr SPX | 0.53 |
| Annual vol | 29.8% |
| Annual ret | -6.4% |
| Sharpe | -0.22 |
| Max DD | -41.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $172.25 |
|---|---|
| High / Low | $200.00 / $155.00 |
| Median | $169.00 |
| Analysts | 8 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 2 | |
| Hold | 5 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | Keefe, Bruyette & Woods | → Outperform |
| 2026-04-09 | Morgan Stanley | → Overweight |
| 2026-04-01 | Goldman Sachs | → Buy |
| 2026-03-12 | UBS | → Neutral |
| 2026-03-12 | Goldman Sachs | → Buy |
| 2026-01-29 | Keefe, Bruyette & Woods | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-13 | Other Material Event, Exhibits | read |
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-02-25 | Other Material Event, Exhibits | read |
| 2026-01-29 | Officer / Director Change | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
| 2025-12-30 | Material Agreement, Exhibits | read |
| 2025-10-31 | Earnings Release, Exhibits | read |
| 2025-10-06 | Officer / Director Change | read |
| 2025-09-19 | Shareholder Vote | read |
| 2025-08-21 | Material Agreement, Material Obligation… | read |
| 2025-07-30 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-03 | ALLEY J LINDSEY | Chief Financial Officer | Buy | 4.02K | $500.57K |
| 2026-05-21 | BEISER SCOTT L | CO-CHAIRMAN | C | 6.26K | — |
| 2026-05-21 | BEISER SCOTT L | CO-CHAIRMAN | Sell | 6.26K | $941.38K |
| 2026-05-21 | Walker Cyrus D. | Grant | 996 | — | |
| 2026-05-21 | Bassey Ekpedeme M | Grant | 797 | — | |
| 2026-05-21 | Zucker Gillian Beth | Grant | 996 | — | |
| 2026-05-21 | ZUBER PAUL ANDREW | Grant | 797 | — |
Flow & Concentration
| Insider 180d net | -$440.81K |
|---|---|
| Insider buys / sells | 1 / 1 |
| Insider bias | Neutral |
| 13F holders | 10 |
| Top-5 share | 91.6% |
| HHI | 2,264 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $234.65M | 1.75M |
| Citadel Advisors | $165.71M | 1.24M |
| Fidelity / FMR LLC | $92.66M | 690.81K |
| AQR Capital Management | $65.22M | 486.24K |
| Millennium Management | $50.42M | 375.87K |
| Capital Research / Capital World | $43.11M | 321.44K |
| Renaissance Technologies | $10.19M | 76.00K |
| Bridgewater Associates | $2.15M | 16.01K |
| Norges Bank (Norway sovereign) | $12.07K | 90 |
| T. Rowe Price Group | $6.97K | 51.97K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.93% |
|---|---|
| $ / share (TTM) | $1.20 |
| 5y CAGR | +13.1% |
Annual dividend per share
| 2021 | $1.62 |
|---|---|
| 2022 | $2.02 |
| 2023 | $2.18 |
| 2024 | $2.26 |
| 2025 | $2.37 |
| 2026 | $0.60 |
SEC Filings
The Long Run
FY 2016–2025 · 10 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $127.48 | $129.71 | $126.78 | $129.07 | 787.30K |
| Sep 24 | $129.83 | $130.74 | $125.34 | $127.49 | 1.30M |
| Sep 23 | $130.12 | $131.22 | $127.96 | $129.94 | 522.30K |
| Sep 22 | $133.98 | $135.46 | $127.52 | $130.97 | 850.40K |
| Sep 21 | $132.65 | $134.10 | $131.01 | $132.61 | 877.00K |
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