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 | 333.21 Bn | 173.07 Bn | - | 819.00 Mn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 502.00 Mn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 185.00 Mn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 12.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 18.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 199.45 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 18.90 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 20.16 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | Houlihan Lokey | 8.58 Bn | 7.39 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |