Houlihan Lokey (HLI) Capital Expenditures (2014 - 2025)
Houlihan Lokey (HLI) posted Capital Expenditures of $639000.0 for Q4 2025, down 73.63% on a QoQ basis from $2.4 million in Q3 2025, and down 83.4% year-over-year from $3.8 million in Q4 2024.
Analysis
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.
- On a quarterly basis, Capital Expenditures fell 83.4% year-over-year to $639000.0 in Q4 2025; TTM through Dec 2025 was $30.5 million, a 18.42% decrease from a year earlier, with the FY2025 full-year figure at $39.7 million, down 40.51% from the prior year.
- Capital Expenditures was $639000.0 for Q4 2025 at Houlihan Lokey, down from $2.4 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.
- The sharpest annual moves came in 2023 and 2025: Capital Expenditures jumped 1594.94% in 2023, then slumped 83.4% in 2025.
- Over 5 years, Capital Expenditures stood at $5.1 million in 2021, then jumped by 174.04% to $13.8 million in 2022, then grew by 12.49% to $15.6 million in 2023, then tumbled by 75.29% to $3.8 million in 2024, then plunged by 83.4% to $639000.0 in 2025.
- The last three Capital Expenditures figures came in at $639000.0 (Q4 2025), $2.4 million (Q3 2025), and $13.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 10.73 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 48.00 Mn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | - |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 10.58 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 13.67 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 7.79 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 3.93 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | - |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 1.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 639,000.00 |
| Sep 30, 2025 | 2.42 Mn |
| Jun 30, 2025 | 13.00 Mn |
| Mar 31, 2025 | 14.48 Mn |
| Dec 31, 2024 | 3.85 Mn |
| Sep 30, 2024 | 10.50 Mn |
| Jun 30, 2024 | 10.87 Mn |
| Mar 31, 2024 | 12.22 Mn |
| Dec 31, 2023 | 15.58 Mn |
| Sep 30, 2023 | 23.27 Mn |
| Jun 30, 2023 | 15.65 Mn |
| Mar 31, 2023 | 19.09 Mn |
| Dec 31, 2022 | 13.85 Mn |
| Sep 30, 2022 | 13.31 Mn |
| Jun 30, 2022 | 4.49 Mn |
| Mar 31, 2022 | 1.13 Mn |
| Dec 31, 2021 | 5.05 Mn |
| Sep 30, 2021 | 1.10 Mn |
| Jun 30, 2021 | 1.40 Mn |
| Mar 31, 2021 | 3.15 Mn |