What is Houlihan Lokey's market cap?

Houlihan Lokey (HLI) has a market capitalization of $9.9B and trades on NYSE.

What is Houlihan Lokey's revenue and profitability?

Houlihan Lokey generated $2.6B in trailing twelve-month revenue with net income of $425.7M, representing a net margin of 16.3%. Gross margin stands at 32.8%, with free cash flow of $681.8M. These figures are based on the Q1 2026 filing.

Who are Houlihan Lokey's competitors?

Houlihan Lokey's key competitors include Lazard, Moelis & Company, PJT Partners, and others. These companies compete in similar markets and product categories.

Who does Houlihan Lokey partner with?

Houlihan Lokey's notable partners include LSEG.

What subsidiaries does Houlihan Lokey have?

Houlihan Lokey's subsidiaries include Houlihan Lokey Capital, Inc., Houlihan Lokey Financial Advisors, Inc., Houlihan Lokey UK Limited, and others.

Where is Houlihan Lokey headquartered?

Houlihan Lokey is headquartered in United States of America and employs approximately 2,601 people. It has been publicly traded since 2015.

Houlihan Lokey

HLI

Houlihan Lokey is a leading global independent investment bank specializing in mergers and acquisitions, capital markets, financial restructuring, and valuation advisory services.

Market cap

$9.87B-26.7%

Revenue$2.6B+9.6%

Net income$425.7M+6.5%

Free cash flow$681.8M-15.7%

EPS (diluted)$6.23+6.9%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q4 2026 report

May 6, 2026

Revenue$635.6MMiss by $43.6M EPS$1.63Miss by $0.16

Read the full report

Next report

Jul 29, 2026 (Today)

Revenue estimate$602.4M

EPS estimate$1.64

Financials

Q4 2026

Income statement

See full

Revenue$635.6M-4.6%

Operating income$125.1M-11.3%

Net income$99.8M-18.1%

EPS (diluted)$1.48-16.4%

Balance sheet

See full

Cash & equivalents$1.2B+22.5%

Total debt$492.1M+12.3%

Total assets$4.3B+12.8%

Cash flow

See full

Operating cash flow$293.0M-18.2%

CapEx$6.3M-56.8%

Free cash flow$286.8M-16.6%

Valuation & ratios

Valuation

See full

Market cap$9.87B-26.7%

Enterprise value$9.17B-30.6%

P/E23.2×-10.0×

P/S3.8×-1.7×

Profitability

See full

Operating margin20.1%-0.9pp

Net margin16.3%-0.5pp

FCF margin26%-7.8pp

Segments

By segment

See full

Corporate Finance$436.2M+14.3%

Financial Restructuring$132.2M-2.9%

Financial and Valuation Advisory$86.1M—

Competitors

By market cap

Goldman Sachs Group$309.24B+39.3%

Evercore$13.2B+12.5%

Jefferies Financial Group$13.0B+9.3%

Houlihan Lokey$9.9B-27.2%

Moelis & Company$5.0B-4.7%

PJT Partners$4.4B-2.2%

Lazard$4.2B-17.5%

Perella Weinberg Partners$1.2B-10.2%

By revenue growth

Evercore+45.7%

PJT Partners+22.9%

Jefferies Financial Group+21.4%

Goldman Sachs Group+17.8%

Houlihan Lokey+9.6%

Lazard+5.7%

Perella Weinberg Partners-30.3%

By net margin

Goldman Sachs Group31.68%+4.0pp

Houlihan Lokey16.26%-0.5pp

Evercore15.79%+1.5pp

PJT Partners10.58%+0.1pp

Jefferies Financial Group10.35%+1.1pp

Lazard7.05%-3.1pp

Perella Weinberg Partners2.85%+9.8pp

Profile

Houlihan Lokey is a leading global independent investment bank specializing in mergers and acquisitions, capital markets, financial restructuring, and valuation advisory services. The firm provides conflict-free strategic advice to a diverse client base including corporations, financial sponsors, and government agencies. Its value proposition is built on deep industry expertise and a collaborative, employee-owned culture that integrates product and sector knowledge across its global platform.

Competitive position

A leading global independent investment bank with a dominant position in mid-cap M&A and a top-tier global financial restructuring practice.

GeographiesUnited States, Europe, Middle East, Asia-Pacific

Customer segmentsMid-cap Corporations, Fortune Global 500, Financial Sponsors, Government Agencies

Business modelProfessional Services, Advisory-based Fee Model

SuppliersJunior and Senior Financial Professionals, University Recruitment Pipelines, Proprietary Market Data, Regulatory Licenses

CustomersCorporate Boards, Private Equity Firms, Hedge Funds, Creditor Committees, Institutional Investors

CountryUnited States of America

Listed2015

Employees2.6K

CEOScott Joseph Adelson

SectorFinancial Services

IndustryFinancial - Capital Markets

Websitehl.com

FilingsSEC EDGAR

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Questions, answered.

What is Houlihan Lokey's market cap?: Houlihan Lokey (HLI) has a market capitalization of $9.9B and trades on NYSE.
What is Houlihan Lokey's revenue and profitability?: Houlihan Lokey generated $2.6B in trailing twelve-month revenue with net income of $425.7M, representing a net margin of 16.3%. Gross margin stands at 32.8%, with free cash flow of $681.8M. These figures are based on the Q1 2026 filing.
Who are Houlihan Lokey's competitors?: Houlihan Lokey's key competitors include Lazard, Moelis & Company, PJT Partners, and others. These companies compete in similar markets and product categories.
Who does Houlihan Lokey partner with?: Houlihan Lokey's notable partners include LSEG.
What subsidiaries does Houlihan Lokey have?: Houlihan Lokey's subsidiaries include Houlihan Lokey Capital, Inc., Houlihan Lokey Financial Advisors, Inc., Houlihan Lokey UK Limited, and others.
Where is Houlihan Lokey headquartered?: Houlihan Lokey is headquartered in United States of America and employs approximately 2,601 people. It has been publicly traded since 2015.