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

	TTM Q4 '26	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25
Profitability
Operating margin	20.1%-0.4pp	20.5%+0.3pp	20.2%+0.1pp	20.1%-1.0pp	21%-0.1pp
Net margin	16.3%-0.6pp	16.9%+0.3pp	16.6%+0.2pp	16.5%-0.3pp	16.7%+0.7pp
EBITDA margin	21.8%-0.6pp	22.4%+0.2pp	22.2%+0.2pp	22%-0.8pp	22.8%+0.1pp
Free cash flow margin	26%-1.9pp	27.9%-2.6pp	30.5%+0.7pp	29.8%-4.1pp	33.9%+3.6pp
Returns
Return on assets	10.5%-1.6pp	12.1%-0.1pp	12.2%-0.5pp	12.6%+1.2pp	11.4%+0.3pp
Efficiency
Asset turnover	0.6×-0.1×	0.7×0.0×	0.7×0.0×	0.8×+0.1×	0.7×0.0×
Leverage
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-1.2×-0.3×	-0.9×-0.1×	-0.9×-0.2×	-0.6×+0.3×	-1×-0.3×
Valuation
Market capitalization	$10.02B-17.9%	$12.21B-15.5%	$14.44B+15.0%	$12.55B+10.8%	$11.33B-7.0%
Enterprise value	$9.33B-19.9%	$11.65B-16.5%	$13.95B+14.3%	$12.2B+13.0%	$10.8B-8.7%
Price / earnings	23.5×-3.7×	27.3×-6.6×	33.8×+3.1×	30.7×+2.4×	28.3×-5.6×
Price / sales	3.8×-0.8×	4.6×-1.0×	5.6×+0.6×	5.1×+0.3×	4.7×-0.7×
EV / EBITDA	16.4×-3.3×	19.6×-4.8×	24.5×+2.1×	22.3×+2.5×	19.9×-3.4×
EV / sales	3.6×-0.8×	4.4×-1.0×	5.4×+0.5×	4.9×+0.4×	4.5×-0.7×
Free cash flow yield	6.8%+0.7pp	6.1%+0.6pp	5.4%-0.5pp	5.9%-1.2pp	7.1%+1.6pp
Earnings yield	4.2%+0.6pp	3.7%+0.7pp	3%-0.3pp	3.3%-0.3pp	3.5%+0.6pp
Dividend yield	1.7%+0.3pp	1.4%+0.2pp	1.2%-0.1pp	1.3%-0.1pp	1.5%+0.1pp
PEG ratio	3.6×+2.5×	1.1×-0.1×	1.2×+0.3×	0.9×+0.3×	0.7×-0.2×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Houlihan Lokey.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.