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
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