GuruFocus·6d ago
Houlihan Lokey Expands Footprint in South FloridaHoulihan Lokey, Inc. (NYSE: HLI), the global investment bank, announced today that it has opened a new office in West Palm Beach, Florida. The new location refle
Houlihan Lokey's 100% fee-based revenue model, with total revenue peaking at $717.1M in 2026Q3, demonstrates strong growth potential, but quarterly volatility in provision expenses (ranging from $8.0M to $441.0M) and efficiency ratios (10.6% to 76.2%) undersco...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue is entirely fee-based, with total revenue growing from $520.5M in 2024Q4 to a peak of $717.1M in 2026Q3, though EPS declined 19.0% year-over-year in 2027Q1 to $1.15, reflecting volatile provision expenses.
Houlihan Lokey has demonstrated significant revenue and earnings growth, with fiscal year 2025 revenue increasing by 24.80% year-over-year to $2.39 billion and earnings rising by 42.60% to $399.71 million. Analysts project continued growth, with EPS expected to grow at an average yearly rate of 16.34% and revenue by 13.02% in the coming years.
The company's business model combines corporate finance (cyclical) with financial restructuring (countercyclical), allowing it to perform well in various economic conditions. This diversification provides a 'natural hedge,' enabling HLI to generate revenue even when M&A activity slows down.
Houlihan Lokey is a leading M&A advisor in the United States, particularly in the middle-market segment (transactions under $1 billion), which accounts for a vast majority of global deal activity. This focus positions them to capture significant deal volume.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $1.35-17.7% vs $1.64 | $511M-15.2% vs $602M |
Q2 2026 May 6, 2026 | $1.63-8.9% vs $1.79 | $636M-6.4% vs $679M |
Q1 2026 Jan 28, 2026 | $1.94+4.9% vs $1.85 | $717M+2.9% vs $697M |
Q4 2025 Oct 30, 2025 | $1.84+9.5% vs $1.68 | $659M+1.2% vs $652M |
Houlihan Lokey, Inc. (NYSE: HLI), the global investment bank, announced today that it has opened a new office in West Palm Beach, Florida. The new location refle
NEW YORK--(BUSINESS WIRE)--Houlihan Lokey has opened an office in West Palm Beach, Florida, expanding its market coverage and breadth of services in South Florida.
NEW YORK--(BUSINESS WIRE)--Emil Fajersson has joined Houlihan Lokey's Equity Capital Solutions team to help lead GP-led secondaries advisory in North America.
Houlihan Lokey flags rising private-credit stress among smaller borrowers, even as defaults stay low and fundamentals remain supportive.
Benchmark HLI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Houlihan Lokey, Inc. (HLI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $130.97 | $9.15B | 21.06 | 9.55% | 16.26% | 18.4% | 1.94% | |
| $263.20 | $10.18B | 18.73 | 29.41% | 15.74% | 45.81% | — | |
| $150.23 | $3.88B | 22.49 | 14.77% | 10.58% | 20.72% | — | |
| $36.60 | $3.57B | 16.87 | 3.36% | 6.89% | 23.85% | — | |
| $58.88 | $4.36B | 20.03 | 26.98% | 14.5% | 35.63% | — | |
| $13.34 | $1.35B | 24.25 | -14.48% | 3.22% | 9.31% | — |
Houlihan Lokey, Inc. (HLI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Houlihan Lokey, Inc. (HLI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
May 7, 2026·SEC
Feb 25, 2026·SEC
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Houlihan Lokey, Inc. (HLI) stock FAQ — growth, dividends, profitability & financials explained
Houlihan Lokey, Inc. (HLI) grew revenue by 9.5% over the past year. This is steady growth.
Yes, Houlihan Lokey, Inc. (HLI) is profitable, generating $406.2M in net income for fiscal year 2026 (16.3% net margin).
Yes, Houlihan Lokey, Inc. (HLI) pays a dividend with a yield of 1.94%. This makes it attractive for income-focused investors.
Houlihan Lokey, Inc. (HLI) has a return on equity (ROE) of 18.4%. This is reasonable for most industries.
Houlihan Lokey, Inc. (HLI) has an efficiency ratio of 74.7%. This is higher than peers, suggesting room for cost optimization.
