What does financial and valuation advisory — goodwill mean?

Represents the intangible asset value arising from the acquisition of businesses within the Financial and Valuation Advisory segment. It reflects the premium paid over the fair value of net identifiable assets, indicating expected future economic benefits from synergies or brand reputation.

Houlihan Lokey (HLI) Financial and Valuation Advisory — Goodwill

Screener

Other segment segments

Corporate Finance

$1.13B+10.8%

Financial Restructuring

$162.82M0.0%

Financial Advisory Services

$105.32M+1.8%

Similar metrics at other companies

LAZFinancial Advisory — Goodwill

$313.55M-0.1%

WHGAdvisory — Goodwill

$23.1M0.0%

JLLLeasing Advisory — Goodwill

$1.4B+1.1%

SCSCIntelisys & Advisory — Goodwill

$71.04M+2.0%

SEICInvestment Advisors — Goodwill

$253.25M+691%

BWINInsurance Advisory Solutions — Goodwill

$1.87B—

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:Goodwill.

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

Line item	April 1, 2025	Change	March 31, 2026
Corporate Finance (1)	$1,017,983	$110,015	$1,127,998
Financial Restructuring	162,815	—	162,815
Financial and Valuation Advisory (2)	103,791	1,253	105,044
Goodwill	$1,284,589	$111,268	$1,395,857

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's financial and valuation advisory — goodwill?: Houlihan Lokey (HLI) reported financial and valuation advisory — goodwill of $105.04M in Q1 2026.
What does financial and valuation advisory — goodwill mean?: Represents the intangible asset value arising from the acquisition of businesses within the Financial and Valuation Advisory segment. It reflects the premium paid over the fair value of net identifiable assets, indicating expected future economic benefits from synergies or brand reputation.