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Houlihan Lokey HLI Net debt / EBITDA

Net debt / EBITDA at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
-1.9×-3.7×
Evercore logo
EvercoreEVR
0.1×-0.4×
CBRE Group logo
CBRE GroupCBRE
3.3×0.0×
Jones Lang LaSalle logo
Jones Lang LaSalleJLL
-1.0×
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
2.2×+0.7×
Citizens Financial Group logo
Citizens Financial GroupCFG
-0×-0.1×

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

Calculated from Houlihan Lokey’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
Houlihan Lokey (HLI) reported net debt / EBITDA of -1.2× in Q1 2026.
How has Houlihan Lokey's net debt / EBITDA changed year-over-year?
Houlihan Lokey's net debt / EBITDA decreased by 25.0% year-over-year, from -1× to -1.2×.
What is the long-term trend for Houlihan Lokey's net debt / EBITDA?
Over 5 years (2021 to 2026), Houlihan Lokey's net debt / EBITDA has grown at a -5.1% compound annual growth rate (CAGR), from -1.6× to -1.2×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.