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HLI logoHoulihan Lokey, Inc. (HLI) Earnings History

Annual and quarterly earnings data from 2013 to 2025

TTM Net Income
$448M
Profitable
TTM EPS
$6.54
Diluted
YoY EPS Growth
+41.6%
Excellent
Net Margin
16.7%
Profitability
Operating Margin21.0%
Gross Margin38.5%
ROE19.9%
ROA11.4%
Highest Annual Net Income$438M (2022)
Highest Quarterly EPS$2.54 (Q3 2022)
Consecutive Profitable Years13 years
Q3 2026
Net Income$117M
EPS$1.70
QoQ Growth+4.3%Solid

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HLI EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
+41.6%
Excellent
3-Year
-3.2%
Slow
5-Year
+15.8%
Strong
10-Year
+16.0%
Strong

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

HLI Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202538.5%21.0%16.7%
202438.5%19.0%14.6%
202338.5%18.9%14.0%
202237.9%27.0%19.3%
202136.3%26.8%20.5%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Houlihan Lokey, Inc. (HLI) Earnings Overview

As of May 7, 2026, Houlihan Lokey, Inc. (HLI) reported trailing twelve-month net income of $448M, reflecting +41.6% year-over-year growth. The company earned $6.54 per diluted share over the past four quarters, with a net profit margin of 16.7%.

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 industry-leading profitability with a gross margin of 38.5%, operating margin of 21.0%, and net margin of 16.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →

Compared to peers including EVR ($592M net income, 15.3% margin), PJT ($187M net income, 10.5% margin), LAZ ($237M net income, 7.4% margin), HLI has outperformed on profitability metrics. Compare HLI vs EVR →

HLI Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
HLI logoHLICurrent
$448M$6.5416.7%19.9%+41.6%—
EVR logoEVR
$592M$13.8215.3%27.8%+54.7%
PJT logoPJT
$187M$4.3110.5%18.9%+35.8%
LAZ logoLAZ
$237M$2.207.4%27.0%-19.0%
MC logoMC
$233M$2.9315.4%40.2%+65.2%
PWP logoPWP
$20M$0.194.7%14.5%+145.1%
Best in group
Lowest in group

HLI Historical Earnings Data (2013–2025)

13 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$400M+42.6%$502M$5.8216.7%21.0%
2024$280M+10.3%$363M$4.1114.6%19.0%
2023$254M-41.9%$342M$3.7614.0%18.9%
2022$438M+40.0%$613M$6.4119.3%27.0%
2021$313M+70.2%$408M$4.5520.5%26.8%
2020$184M+15.5%$230M$2.8015.9%19.8%
2019$159M-7.6%$219M$2.4214.7%20.2%
2018$172M+59.0%$214M$2.6017.9%22.3%
2017$108M+55.4%$182M$1.6312.4%20.9%
2016$70M-12.7%$126M$1.1010.1%18.2%

Full HLI Stock Analysis

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HLI — Frequently Asked Questions

Quick answers to the most common questions about buying HLI stock.

Is HLI growing earnings?

HLI EPS is $6.54, with earnings growth accelerating to +41.6%. This exceeds the 5-year CAGR of +15.8%. TTM net income reached $448M.

What are HLI's profit margins?

Houlihan Lokey, Inc. net margin is +16.7%, with operating margin at +21.0%. Above-average margins indicate pricing power.

How consistent are HLI's earnings?

HLI earnings data spans 2013-2025. The accelerating earnings trend is +41.6% YoY. Historical data enables comparison across business cycles.

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HLI Earnings Over Time (2014–2025)

Net income and EPS trends