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Houlihan Lokey HLI International — Revenue from Contract with Customer, Including Assessed Tax

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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%
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

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The official record: Houlihan Lokey’s 10-Q, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Houlihan Lokey's international — revenue from contract with customer, including assessed tax?
Houlihan Lokey (HLI) reported international — revenue from contract with customer, including assessed tax of $232.44M in Q4 2025.
How has Houlihan Lokey's international — revenue from contract with customer, including assessed tax changed year-over-year?
Houlihan Lokey's international — revenue from contract with customer, including assessed tax increased by 13.5% year-over-year, from $204.81M to $232.44M.
What does international — revenue from contract with customer, including assessed tax mean?
Total gross revenue from international client contracts, including any associated taxes.
How do you interpret international — revenue from contract with customer, including assessed tax?
Higher values indicate stronger client demand and effective service delivery in international markets, whereas lower values suggest reduced deal flow or pricing pressure.
How does international — revenue from contract with customer, including assessed tax compare across companies?
This aligns with standard revenue reporting requirements under IFRS or GAAP, allowing for direct comparison with the international revenue streams of global financial services firms.