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 71.45% on a QoQ basis from $2.2 million in Q3 2025.

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

Houlihan Lokey (HLI) has reported Capital Expenditures for 12 consecutive years, with $639000.0 the latest figure, recorded in Q4 2025.

  • In Q4 2025, Capital Expenditures fell 83.4% year-over-year to $639000.0; the TTM figure through Dec 2025 stood at $30.5 million (down 18.42% YoY), while the FY2025 annual figure was $39.7 million, down 40.51% from the prior year.
  • Capital Expenditures came in at $639000.0 for Q4 2025 at Houlihan Lokey, down from $2.2 million in the prior quarter.
  • The five-year high for Capital Expenditures was $23.3 million in Q3 2023, with the low at $639000.0 in Q4 2025.
  • Average Capital Expenditures over 5 years is $9.3 million, with a median of $10.7 million recorded in 2024.
  • Across the five-year window, Capital Expenditures soared 1594.94% in 2023 and plunged 83.4% in 2025, its largest moves.
  • Year by year, Capital Expenditures stood at $5.1 million in 2021, then soared by 174.04% to $13.8 million in 2022, then rose 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.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $639000.0, $2.2 million, and $13.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 754.00 Mn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 565.00 Mn
3 Schwab Charles 167.21 Bn 122.24 Bn - 140.00 Mn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 9.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 165.76 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 254,000.00
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 9.36 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 1.22 Bn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 639,000.00

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