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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |