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

Houlihan Lokey (HLI) recorded quarterly Change in Acquisitions & Divestments of -$46.1 million in Q4 2025, down 355.46% quarter-over-quarter from $18.0 million in Q3 2025, and down 204.17% on a YoY basis from $44.3 million in Q4 2024.

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

Houlihan Lokey's Change in Acquisitions & Divestments history runs 8 years deep, the most recent figure standing at -$46.1 million for 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 was -$46.1 million for Q4 2025 at Houlihan Lokey, down from $18.0 million in the prior quarter.
  • In the past five years, Change in Acquisitions & Divestments ranged from a high of $276.6 million in Q2 2025 to a low of -$46.1 million in Q4 2025.
  • Historically, Change in Acquisitions & Divestments has averaged $38.1 million across 5 years, with a median of $5.1 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Change in Acquisitions & Divestments soared 59709.46% in 2024, then slumped 204.17% in 2025.
  • A 5-year view of Change in Acquisitions & Divestments shows it stood at $2.6 million in 2021, then sank by 97.06% to $76000.0 in 2022, then retreated by 2.63% to $74000.0 in 2023, then jumped by 59709.46% to $44.3 million in 2024, then plunged 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), $18.0 million (Q3 2025), and $276.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn -
2 Morgan Stanley 328.23 Bn 194.70 Bn -
3 Goldman Sachs 313.22 Bn -624.33 Bn -
4 Schwab Charles 154.90 Bn 109.92 Bn -
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn
6 Interactive Brokers 38.41 Bn 49.00 Bn -
7 LPL Financial Holdings 23.13 Bn 22.10 Bn -
8 Tradeweb Markets 21.12 Bn 19.87 Bn -
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn
10 Houlihan Lokey 9.39 Bn 8.33 Bn 697.95 Mn

Historic Data

Download Data
DateValue
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