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Houlihan Lokey HLI Free cash flow margin

Free cash flow margin at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
-108.3%
Lazard logo
LazardLAZ
15.5%-3.7pp
Evercore logo
EvercoreEVR
34.5%+11.6pp
PJT Partners logo
PJT PartnersPJT
34%+1.1pp
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
24.7%
FTI Consulting logo
FTI ConsultingFCN
4.3%-0.4pp

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

Returns & leverage

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Return on equity9.5%

Where this comes from

Calculated from Houlihan Lokey’s reported figures.

Based on trailing twelve months.

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

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053

FAQ

What is Houlihan Lokey's free cash flow margin?
Houlihan Lokey (HLI) reported free cash flow margin of 26% in Q1 2026.
How has Houlihan Lokey's free cash flow margin changed year-over-year?
Houlihan Lokey's free cash flow margin decreased by 23.1% year-over-year, from 33.9% to 26%.
What is the long-term trend for Houlihan Lokey's free cash flow margin?
Over 4 years (2021 to 2026), Houlihan Lokey's free cash flow margin has grown at a -8.5% compound annual growth rate (CAGR), from 37.1% to 26%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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