Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025)
Houlihan Lokey (HLI) posted quarterly Change in Acquisitions & Divestments of -$46.1 million for Q4 2025, down 204.17% year-over-year from $44.3 million in Q4 2024, and down 355.46% on a QoQ basis from $18.0 million in Q3 2025.
Houlihan Lokey (HLI) Change in Acquisitions & Divestments (2018 - 2025) Analysis & Trends
Houlihan Lokey (HLI) has reported Change in Acquisitions & Divestments for 8 consecutive years, with -$46.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Change in Acquisitions & Divestments fell 204.17% year-over-year to -$46.1 million; the TTM figure through Dec 2025 stood at $293.0 million (up 430.21% YoY), while the FY2025 annual figure was $94.3 million, up 723.05% from the prior year.
- Change in Acquisitions & Divestments came in at -$46.1 million for Q4 2025 at Houlihan Lokey, down from $18.0 million in the prior quarter.
- The five-year high for Change in Acquisitions & Divestments was $276.6 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.
- Across the five-year window, Change in Acquisitions & Divestments soared 59709.46% in 2024 and tumbled 204.17% in 2025, its largest moves.
- Year by year, Change in Acquisitions & Divestments stood at $2.6 million in 2021, then slumped by 97.06% to $76000.0 in 2022, then dropped by 2.63% to $74000.0 in 2023, then jumped by 59709.46% to $44.3 million in 2024, then sank by 204.17% to -$46.1 million in 2025.
- According to Business Quant data, Change in Acquisitions & Divestments over the past three periods registered -$46.1 million, $18.0 million, and $276.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn |
| 10 | Houlihan Lokey | 9.19 Bn | 8.14 Bn | 697.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -46.10 Mn |
| Dec 31, 2025 | -46.10 Mn |
| Sep 30, 2025 | 18.05 Mn |
| Sep 30, 2025 | 18.05 Mn |
| Jun 30, 2025 | 276.65 Mn |
| Jun 30, 2025 | 276.65 Mn |
| Mar 31, 2025 | 44.44 Mn |
| Mar 31, 2025 | 44.44 Mn |
| Dec 31, 2024 | 44.26 Mn |
| Dec 31, 2024 | 44.26 Mn |
| Sep 30, 2024 | 1.59 Mn |
| Sep 30, 2024 | 1.59 Mn |
| Jun 30, 2024 | 4.02 Mn |
| Jun 30, 2024 | 4.02 Mn |
| Mar 31, 2024 | 5.40 Mn |
| Mar 31, 2024 | 5.40 Mn |
| Dec 31, 2023 | 74,000.00 |
| Dec 31, 2023 | 74,000.00 |
| Sep 30, 2023 | 2.66 Mn |
| Sep 30, 2023 | 2.66 Mn |