What is Houlihan Lokey's depreciation?

Houlihan Lokey (HLI) reported depreciation of $6.99M in Q4 2025.

How has Houlihan Lokey's depreciation changed year-over-year?

Houlihan Lokey's depreciation increased by 27.2% year-over-year, from $5.5M to $6.99M.

What is the long-term trend for Houlihan Lokey's depreciation?

Over 3 years (2022 to 2025), Houlihan Lokey's depreciation has grown at a 14.5% compound annual growth rate (CAGR), from $14.6M to $21.94M.

Houlihan Lokey HLI Depreciation

Depreciation at other companies

Jones Lang LaSalleJLL

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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:Depreciation.

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 depreciation?: Houlihan Lokey (HLI) reported depreciation of $6.99M in Q4 2025.
How has Houlihan Lokey's depreciation changed year-over-year?: Houlihan Lokey's depreciation increased by 27.2% year-over-year, from $5.5M to $6.99M.
What is the long-term trend for Houlihan Lokey's depreciation?: Over 3 years (2022 to 2025), Houlihan Lokey's depreciation has grown at a 14.5% compound annual growth rate (CAGR), from $14.6M to $21.94M.