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
Efficiency
Asset turnover	0.6×-0.1×	0.7×0.0×	0.7×0.0×	0.8×+0.1×	0.7×0.0×
Leverage
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%
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×
Dividend yield	1.7%+0.3pp	1.4%+0.2pp	1.2%-0.1pp	1.3%-0.1pp	1.5%+0.1pp

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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.