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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×
Lazard logo
LazardLAZ
3.1×+0.4×
Evercore logo
EvercoreEVR
-0.2×-0.5×
Moelis & Company logo
Moelis & CompanyMC
0.7×-0.1×
PJT Partners logo
PJT PartnersPJT
0.3×-0.5×
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
2.3×

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

Calculated from Houlihan Lokey’s reported figures.

Based on the most recent quarter.

The source filing: Houlihan Lokey’s 10-K, filed May 22, 2026. Open the filing →

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053

FAQ

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?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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