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Houlihan Lokey HLI Debt-to-assets

Debt-to-assets at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
-0.2×
Evercore logo
EvercoreEVR
0.3×0.0×
Jefferies Financial Group logo
Jefferies Financial GroupJEF
0.3×0.0×
CBRE Group logo
CBRE GroupCBRE
0.3×0.0×
Jones Lang LaSalle logo
Jones Lang LaSalleJLL
0.2×0.0×
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
0.4×0.0×

Other financials

Income statement

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Revenue$635.6M-4.6%
Gross profit$230.7M+15.9%
Operating income$125.1M-11.3%
Net income$99.8M-18.1%
EPS (diluted)$1.48-16.4%

Balance sheet

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Cash & equivalents$1.2B+22.5%
Total debt$492.1M+12.3%
Total assets$4.3B+12.8%

Cash flow

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Operating cash flow$293.0M-18.2%
CapEx$6.3M-56.8%
Free cash flow$286.8M-16.6%

Valuation

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Market cap$9.72B-11.5%
Enterprise value$9.02B-13.6%
P/E22.8×-4.7×
P/S3.7×-0.9×

Profitability

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Gross margin32.8%+1.4pp
Operating margin20.1%-0.9pp
Net margin16.3%-0.5pp
FCF margin26%-7.8pp

Returns & leverage

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Return on equity9.5%

Where this comes from

Calculated from Houlihan Lokey’s reported figures.

Based on the most recent quarter.

The official record: Houlihan Lokey’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Houlihan Lokey's debt-to-assets?
Houlihan Lokey (HLI) reported debt-to-assets of 0.1× in Q1 2026.
How has Houlihan Lokey's debt-to-assets changed year-over-year?
Houlihan Lokey's debt-to-assets decreased by 0.4% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Houlihan Lokey's debt-to-assets?
Over 5 years (2021 to 2026), Houlihan Lokey's debt-to-assets has grown at a 9.7% compound annual growth rate (CAGR), from 0.1× to 0.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.