Houlihan Lokey (HLI) Capital Expenditures (2014 - 2025)

Houlihan Lokey (HLI) posted quarterly Capital Expenditures of $639000.0 for Q4 2025, down 83.4% year-over-year from $3.8 million in Q4 2024, and down 73.63% on a QoQ basis from $2.4 million in Q3 2025.

Houlihan Lokey (HLI) Capital Expenditures (2014 - 2025) Analysis & Trends

Houlihan Lokey has reported Capital Expenditures for 12 years, with the latest figure at $639000.0 in Q4 2025.

  • Capital Expenditures for Q4 2025 came in at $639000.0, down 83.4% year-over-year; the trailing twelve-month figure through Dec 2025 was $30.5 million (down 18.42% YoY), and the FY2025 annual result was $39.7 million, down 40.51% from the prior year.
  • Capital Expenditures eased to $639000.0 in Q4 2025, from $2.4 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $23.3 million in Q3 2023 and troughed at $639000.0 in Q4 2025.
  • A 5-year average of $9.3 million and a median of $10.7 million in 2024 frame the typical range for Capital Expenditures.
  • The widest annual swing landed in 2023, when Capital Expenditures soared 1594.94%; it then slumped 83.4% in 2025.
  • A 5-year view of Capital Expenditures shows it stood at $5.1 million in 2021, then surged by 174.04% to $13.8 million in 2022, then advanced by 12.49% to $15.6 million in 2023, then sank by 75.29% to $3.8 million in 2024, then slumped by 83.4% to $639000.0 in 2025.
  • Per Business Quant data, the three most recent Capital Expenditures figures were $639000.0 in Q4 2025, $2.4 million in Q3 2025, and $13.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 819.00 Mn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 502.00 Mn
3 Schwab Charles 220.55 Bn 135.80 Bn - 140.00 Mn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 12.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 949.16 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 26.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 199.45 Mn
10 Houlihan Lokey 6.95 Bn 5.88 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 639,000.00
Dec 31, 2025 639,000.00
Sep 30, 2025 2.24 Mn
Sep 30, 2025 2.24 Mn
Jun 30, 2025 13.19 Mn
Jun 30, 2025 13.19 Mn
Mar 31, 2025 14.48 Mn
Mar 31, 2025 14.48 Mn
Dec 31, 2024 3.85 Mn
Dec 31, 2024 3.85 Mn
Sep 30, 2024 10.50 Mn
Sep 30, 2024 10.50 Mn
Jun 30, 2024 10.87 Mn
Jun 30, 2024 10.87 Mn
Mar 31, 2024 12.22 Mn
Mar 31, 2024 12.22 Mn
Dec 31, 2023 15.58 Mn
Dec 31, 2023 15.58 Mn
Sep 30, 2023 23.27 Mn
Sep 30, 2023 23.27 Mn