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Houlihan Lokey HLI Shares (Diluted)

Shares (Diluted) at other companies

Goldman Sachs Group logo
Goldman Sachs GroupGS
304.9M-4.2%
Lazard logo
LazardLAZ
107.3M+2.3%
Evercore logo
EvercoreEVR
41.1M-0.2%
Moelis & Company logo
Moelis & CompanyMC
79.5M+1.2%
PJT Partners logo
PJT PartnersPJT
28.5M-34.4%
Perella Weinberg Partners logo
Perella Weinberg PartnersPWP
101.2M+33.4%

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

Reported directly by Houlihan Lokey in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

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

Filed
May 22, 2026, 4:43 PM EDT
Fiscal year
FY2026
Accession
0001302215-26-000053
(In thousands, except share and per share data)Year Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Net income attributable to Houlihan Lokey, Inc.$425,697$399,711$280,301
Attributable to Houlihan Lokey, Inc. common stockholders:
Weighted average shares of common stock outstanding:
Basic66,547,76865,724,47364,337,975
Fully diluted68,434,89668,658,34768,159,390
Earnings per share (Note 13)
Basic$6.40$6.08$4.36
Fully diluted$6.22$5.82$4.11

Item 8. Financial Statements and Supplementary Data

FAQ

What is Houlihan Lokey's shares (diluted)?
Houlihan Lokey (HLI) reported shares (diluted) of 68.4M in Q1 2026.
How has Houlihan Lokey's shares (diluted) changed year-over-year?
Houlihan Lokey's shares (diluted) decreased by 0.3% year-over-year, from 68.7M to 68.4M.
What is the long-term trend for Houlihan Lokey's shares (diluted)?
Over 4 years (2022 to 2026), Houlihan Lokey's shares (diluted) has grown at a 0.0% compound annual growth rate (CAGR), from 273.8M to 274.3M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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