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 360.56% on a QoQ basis from $17.7 million in Q3 2025.
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.
- Change in Acquisitions & Divestments for Q4 2025 came in at -$46.1 million, down 204.17% year-over-year; the trailing twelve-month figure through Dec 2025 was $293.0 million (up 430.21% YoY), and the FY2025 annual result was $94.3 million, up 723.05% from the prior year.
- Change in Acquisitions & Divestments fell to -$46.1 million in Q4 2025, from $17.7 million in the prior quarter.
- Over five years, Change in Acquisitions & Divestments peaked at $277.0 million in Q2 2025 and troughed at -$46.1 million in Q4 2025.
- A 5-year average of $38.1 million and a median of $5.1 million in 2023 frame the typical range for Change in Acquisitions & Divestments.
- The widest annual swing landed in 2024, when Change in Acquisitions & Divestments soared 59709.46%; it then sank 204.17% in 2025.
- A 5-year view of Change in Acquisitions & Divestments shows it stood at $2.6 million in 2021, then slumped by 97.06% to $76000.0 in 2022, then fell by 2.63% to $74000.0 in 2023, then soared by 59709.46% to $44.3 million in 2024, then sank by 204.17% to -$46.1 million in 2025.
- Per Business Quant data, the three most recent Change in Acquisitions & Divestments figures were -$46.1 million in Q4 2025, $17.7 million in Q3 2025, and $277.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn |
| 10 | Houlihan Lokey | 8.58 Bn | 7.39 Bn | - |
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 |