What is Houlihan Lokey's free cash flow?

Houlihan Lokey (HLI) reported free cash flow of $286.78M in Q1 2026.

How has Houlihan Lokey's free cash flow changed year-over-year?

Houlihan Lokey's free cash flow decreased by 16.6% year-over-year, from $343.9M to $286.78M.

What is the long-term trend for Houlihan Lokey's free cash flow?

Over 3 years (2022 to 2026), Houlihan Lokey's free cash flow has grown at a -2.2% compound annual growth rate (CAGR), from $727.92M to $681.82M.

Houlihan Lokey HLI Free cash flow

Free cash flow at other companies

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-$32.43B+14.0%

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-$906M-48.5%

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Jefferies Financial GroupJEF

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Jones Lang LaSalleJLL

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LPL Financial HoldingsLPLA

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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%

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.

$293.0Mnet cash from operating−$6.3Mcapital expenditures=$286.78M

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 free cash flow?: Houlihan Lokey (HLI) reported free cash flow of $286.78M in Q1 2026.
How has Houlihan Lokey's free cash flow changed year-over-year?: Houlihan Lokey's free cash flow decreased by 16.6% year-over-year, from $343.9M to $286.78M.
What is the long-term trend for Houlihan Lokey's free cash flow?: Over 3 years (2022 to 2026), Houlihan Lokey's free cash flow has grown at a -2.2% compound annual growth rate (CAGR), from $727.92M to $681.82M.