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D&A at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
$509M-17.6%
Lazard logo
LazardLAZ
$7.37M-14.6%
Evercore logo
EvercoreEVR
$12.58M+95.0%
Moelis & Company logo
Moelis & CompanyMC
$3.49M+25.7%
PJT Partners logo
PJT PartnersPJT
$4.34M+32.3%
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
$5.83M+16.6%

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$8.96B-33.6%
Enterprise value$8.26B-37.2%
P/E21×-12.0×
P/S3.4×-2.0×

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

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The source filing: Houlihan Lokey’s 10-K, filed May 22, 2026.

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053
(In thousands, except share and per share data)Year Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Acquisition related compensation and benefits73,62154,77736,234
Travel, meals, and entertainment72,43164,91765,298
Rent79,81077,88276,079
Depreciation and amortization42,63441,27028,536
Information technology and communications76,17069,40060,168
Professional fees45,14341,20249,077
Other operating expenses73,02368,93358,796
Revaluation of acquisition contingent consideration17,895(1,023)(10,373)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's D&A?
Houlihan Lokey (HLI) reported D&A of $8.04M in Q1 2026.
How has Houlihan Lokey's D&A changed year-over-year?
Houlihan Lokey's D&A decreased by 47.8% year-over-year, from $15.41M to $8.04M.
What is the long-term trend for Houlihan Lokey's D&A?
Over 4 years (2022 to 2026), Houlihan Lokey's D&A has grown at a -3.2% compound annual growth rate (CAGR), from $48.54M to $42.63M.
What does D&A mean?
Non-cash expense representing the systematic allocation of tangible asset costs (depreciation) and intangible asset costs (amortization) over their useful lives.

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