What are Houlihan Lokey's profit margins?

Houlihan Lokey (HLI) runs a 32.8% gross margin and a 20.1% operating margin, with a 16.3% net margin.

Where do Houlihan Lokey's ratios come from?

Every ratio is computed from Houlihan Lokey's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Houlihan Lokey HLI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Profitability
Operating margin	20.1%-0.9pp	20.5%-0.7pp	20.2%-0.3pp	20.1%+0.4pp	21%+1.5pp
Net margin	16.3%-0.5pp	16.9%+0.9pp	16.6%+0.9pp	16.5%+1.2pp	16.7%+2.1pp
Efficiency
Asset turnover	0.6×0.0×	0.7×0.0×	0.7×0.0×	0.8×+0.1×	0.7×+0.1×
Leverage
Net debt / EBITDA	-1.2×-0.2×	-0.9×-0.2×	-0.9×-0.3×	-0.6×-0.6×	-1×-0.2×
Valuation
Market capitalization	$10.02B-11.5%	$12.21B+0.2%	$14.44B+31.4%	$12.55B+35.7%	$11.33B+27.9%
Price / earnings	23.5×-4.8×	27.3×-6.7×	33.8×+1.0×	30.7×+0.7×	28.3×-3.3×
Price / sales	3.8×-0.9×	4.6×-0.8×	5.6×+0.4×	5.1×+0.5×	4.7×+0.1×
EV / EBITDA	16.4×-3.5×	19.6×-3.6×	24.5×+1.5×	22.3×+0.6×	19.9×-1.4×
Dividend yield	1.7%+0.3pp	1.4%+0.1pp	1.2%-0.3pp	1.3%-0.4pp	1.5%-0.2pp

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Questions, answered.

What are Houlihan Lokey's profit margins?: Houlihan Lokey (HLI) runs a 32.8% gross margin and a 20.1% operating margin, with a 16.3% net margin.
Where do Houlihan Lokey's ratios come from?: Every ratio is computed from Houlihan Lokey's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.