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
Vol787.30K
As of25 Sep 2026

The Verdict

Hold

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/E21.69x
Forward P/E14.69x
P / S (ttm)3.57x
Profit margin16.1%
Return on equity17.8%
Revenue growth-15.5%
Earnings growth-19.0%
Debt / equity20.85

Layer Breakdown

LayerRawContribution
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.

United States · hl.com

Risk Metrics

Beta vs SPX0.98
Corr SPX0.53
Annual vol29.8%
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
Analysts8
Strong Buy2
Buy2
Hold5
Sell1
Strong Sell0

Recent rating actions

2026-05-07Keefe, Bruyette & Woods→ Outperform
2026-04-09Morgan Stanley→ Overweight
2026-04-01Goldman Sachs→ Buy
2026-03-12UBS→ Neutral
2026-03-12Goldman Sachs→ Buy
2026-01-29Keefe, Bruyette & Woods→ Outperform

Material Events

DateEvent8-K
2026-08-13Other Material Event, Exhibitsread
2026-07-30Earnings Release, Exhibitsread
2026-05-07Earnings Release, Exhibitsread
2026-02-25Other Material Event, Exhibitsread
2026-01-29Officer / Director Changeread
2026-01-29Earnings Release, Exhibitsread
2025-12-30Material Agreement, Exhibitsread
2025-10-31Earnings Release, Exhibitsread
2025-10-06Officer / Director Changeread
2025-09-19Shareholder Voteread
2025-08-21Material Agreement, Material Obligation…read
2025-07-30Earnings Release, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-03ALLEY J LINDSEYChief Financial OfficerBuy4.02K$500.57K
2026-05-21BEISER SCOTT LCO-CHAIRMANC6.26K—
2026-05-21BEISER SCOTT LCO-CHAIRMANSell6.26K$941.38K
2026-05-21Walker Cyrus D.Grant996—
2026-05-21Bassey Ekpedeme MGrant797—
2026-05-21Zucker Gillian BethGrant996—
2026-05-21ZUBER PAUL ANDREWGrant797—

Flow & Concentration

Insider 180d net-$440.81K
Insider buys / sells1 / 1
Insider biasNeutral
13F holders10
Top-5 share91.6%
HHI2,264 (moderate)

Top Holders

HolderValueShares
State Street Corp$234.65M1.75M
Citadel Advisors$165.71M1.24M
Fidelity / FMR LLC$92.66M690.81K
AQR Capital Management$65.22M486.24K
Millennium Management$50.42M375.87K
Capital Research / Capital World$43.11M321.44K
Renaissance Technologies$10.19M76.00K
Bridgewater Associates$2.15M16.01K
Norges Bank (Norway sovereign)$12.07K90
T. Rowe Price Group$6.97K51.97K

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

DateFormDoc
2026-08-138-Kview
2026-08-054view
2026-07-3110-Qview
2026-07-308-Kview
2026-07-24DEF 14Aview
2026-07-24DEFA14Aview
2026-07-24ARSview
2026-05-2210-Kview
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-224view
2026-05-214view
2026-05-214view
2026-05-214view

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%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$127.48$129.71$126.78$129.07787.30K
Sep 24$129.83$130.74$125.34$127.491.30M
Sep 23$130.12$131.22$127.96$129.94522.30K
Sep 22$133.98$135.46$127.52$130.97850.40K
Sep 21$132.65$134.10$131.01$132.61877.00K

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