Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025)

Houlihan Lokey (HLI) posted Change in Acquisitions & Divestments of -$46.1 million for Q4 2025, down 360.56% on a QoQ basis from $17.7 million in Q3 2025, and down 204.17% year-over-year from $44.3 million in Q4 2024.

Analysis

Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025) Analysis & Trends

Houlihan Lokey has reported Change in Acquisitions & Divestments for 8 years, with the latest figure at -$46.1 million in Q4 2025.

  • On a quarterly basis, Change in Acquisitions & Divestments fell 204.17% year-over-year to -$46.1 million in Q4 2025; TTM through Dec 2025 was $293.0 million, a 430.21% increase from a year earlier, with the FY2025 full-year figure at $94.3 million, up 723.05% from the prior year.
  • Change in Acquisitions & Divestments was -$46.1 million for Q4 2025 at Houlihan Lokey, down from $17.7 million in the prior quarter.
  • The five-year high for Change in Acquisitions & Divestments was $277.0 million in Q2 2025, with the low at -$46.1 million in Q4 2025.
  • Average Change in Acquisitions & Divestments over 5 years is $38.1 million, with a median of $5.1 million recorded in 2023.
  • The sharpest annual moves came in 2024 and 2025: Change in Acquisitions & Divestments jumped 59709.46% in 2024, then sank 204.17% in 2025.
  • Over 5 years, Change in Acquisitions & Divestments stood at $2.6 million in 2021, then plunged by 97.06% to $76000.0 in 2022, then decreased by 2.63% to $74000.0 in 2023, then surged by 59709.46% to $44.3 million in 2024, then tumbled by 204.17% to -$46.1 million in 2025.
  • The last three Change in Acquisitions & Divestments figures came in at -$46.1 million (Q4 2025), $17.7 million (Q3 2025), and $277.0 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn
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
6 Moelis 5.25 Bn 5.17 Bn -
7 Piper Sandler Companies 4.88 Bn 4.77 Bn -
8 Lazard 3.95 Bn 2.96 Bn -
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 -46.10 Mn
Sep 30, 2025 17.69 Mn
Jun 30, 2025 277.00 Mn
Mar 31, 2025 44.44 Mn
Dec 31, 2024 44.26 Mn
Sep 30, 2024 1.59 Mn
Jun 30, 2024 4.02 Mn
Mar 31, 2024 5.40 Mn
Dec 31, 2023 74,000.00
Sep 30, 2023 2.66 Mn
Jun 30, 2023 3.33 Mn
Mar 31, 2023 4.78 Mn
Dec 31, 2022 76,000.00
Sep 30, 2022 7.64 Mn
Jun 30, 2022 74.89 Mn
Mar 31, 2022 2.40 Mn
Dec 31, 2021 2.59 Mn
Sep 30, 2021 12.37 Mn
Jun 30, 2021 179.97 Mn
Mar 31, 2021 122.82 Mn