Houlihan Lokey, Inc. (HLI) Earnings History
Annual and quarterly earnings data from 2013 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 38.5% | 21.0% | 16.7% |
| 2024 | 38.5% | 19.0% | 14.6% |
| 2023 | 38.5% | 18.9% | 14.0% |
| 2022 | 37.9% | 27.0% | 19.3% |
| 2021 | 36.3% | 26.8% | 20.5% |
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Houlihan Lokey, Inc. (HLI) Earnings Overview
As of February 28, 2026, Houlihan Lokey, Inc. (HLI) reported trailing twelve-month net income of $448M, reflecting +0.4% year-over-year growth. The company earned $6.54 per diluted share over the past four quarters, with a net profit margin of 0.2%.
Looking at the long-term picture, HLI's 5-year EPS compound annual growth rate (CAGR) stands at +15.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $438M in fiscal 2022.
Houlihan Lokey, Inc. maintains positive profitability with a gross margin of 0.4%, operating margin of 0.2%, and net margin of 0.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including GS ($16.67B net income, 0.1% margin), MS ($16.18B net income, 0.1% margin), EVR ($528M net income, 0.1% margin), HLI has outperformed on profitability metrics. Compare HLI vs GS →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
13 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $400M | +42.6% | $502M | $5.82 | 16.7% | 21.0% |
| 2024 | $280M | +10.3% | $363M | $4.11 | 14.6% | 19.0% |
| 2023 | $254M | -41.9% | $342M | $3.76 | 14.0% | 18.9% |
| 2022 | $438M | +40.0% | $613M | $6.41 | 19.3% | 27.0% |
| 2021 | $313M | +70.2% | $408M | $4.55 | 20.5% | 26.8% |
| 2020 | $184M | +15.5% | $230M | $2.80 | 15.9% | 19.8% |
| 2019 | $159M | -7.6% | $219M | $2.42 | 14.7% | 20.2% |
| 2018 | $172M | +59.0% | $214M | $2.60 | 17.9% | 22.3% |
| 2017 | $108M | +55.4% | $182M | $1.63 | 12.4% | 20.9% |
| 2016 | $70M | -12.7% | $126M | $1.10 | 10.1% | 18.2% |
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Start ComparisonFrequently Asked Questions
Is HLI growing earnings?
HLI EPS of $6.54 reflects slowing growth at +0.4%, below the 5-year CAGR of +15.8%. TTM net income is $448M. Expansion rate has moderated.
What are HLI's profit margins?
Houlihan Lokey, Inc. net margin is +0.2%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are HLI's earnings?
HLI earnings data spans 2013-2025. The current earnings trend is +0.4% YoY. Historical data enables comparison across business cycles.