What does operating segments — gross profit mean?

The profit a business segment makes after accounting for direct service delivery costs.

How do you interpret operating segments — gross profit?

An increase indicates improved margins and cost control, while a decrease suggests rising delivery costs or pricing pressure.

How does operating segments — gross profit compare across companies?

Comparable to segment-level gross margins or contribution margins reported by peer financial services and advisory companies.

Houlihan Lokey HLI Operating Segments — Gross Profit

Discontinued — last reported Q4 '18

Similar metrics at other companies

SEICOperating Segments — Gross Profit

$131.26M+21.4%

SCIOperating Segments — Gross Profit

$180.55M+6.8%

SANMOperating Segments — Gross Profit

$117.29M-13.9%

MODOperating Segments — Gross Profit

$96.3M+11.1%

ROP

ROPOperating Segments — Gross Profit

$810.6M+8.0%

TPX

TPXOperating Segments — Gross Profit

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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:GrossProfit.

The official record: Houlihan Lokey’s 10-K, filed May 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — gross profit mean?: The profit a business segment makes after accounting for direct service delivery costs.
How do you interpret operating segments — gross profit?: An increase indicates improved margins and cost control, while a decrease suggests rising delivery costs or pricing pressure.
How does operating segments — gross profit compare across companies?: Comparable to segment-level gross margins or contribution margins reported by peer financial services and advisory companies.