Houlihan Lokey (HLI) Depreciation & Amortization (CF) (2014 - 2025)
Houlihan Lokey (HLI) posted Depreciation & Amortization (CF) of $8.3 million for Q4 2025, down 19.39% on a QoQ basis from $10.3 million in Q3 2025, and down 13.22% year-over-year from $9.6 million in Q4 2024.
Analysis
Houlihan Lokey (HLI) Depreciation & Amortization (CF) (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported Depreciation & Amortization (CF) for 12 years, with the latest figure at $8.3 million in Q4 2025.
- On a quarterly basis, Depreciation & Amortization (CF) fell 13.22% year-over-year to $8.3 million in Q4 2025; TTM through Mar 2026 was $34.6 million, a 16.19% decrease from a year earlier, with the FY2025 full-year figure at $41.3 million, up 44.62% from the prior year.
- Depreciation & Amortization (CF) was $8.3 million for Q4 2025 at Houlihan Lokey, down from $10.3 million in the prior quarter.
- The five-year high for Depreciation & Amortization (CF) was $20.1 million in Q4 2021, with the low at $3.9 million in Q1 2021.
- Average Depreciation & Amortization (CF) over 5 years is $10.8 million, with a median of $8.6 million recorded in 2024.
- The sharpest annual moves came in 2021 and 2023: Depreciation & Amortization (CF) surged 408.33% in 2021, then plunged 68.18% in 2023.
- Over 5 years, Depreciation & Amortization (CF) stood at $20.1 million in 2021, then sank by 33.96% to $13.3 million in 2022, then sank by 49.78% to $6.7 million in 2023, then surged by 43.62% to $9.6 million in 2024, then declined by 13.22% to $8.3 million in 2025.
- The last three Depreciation & Amortization (CF) figures came in at $8.3 million (Q4 2025), $10.3 million (Q3 2025), and $16.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation & Amortization (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | - |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 40.97 Mn |
| 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 | 4.34 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 4.20 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | - |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 7.37 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 505,403.25 |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 5.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.30 Mn |
| Sep 30, 2025 | 10.29 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 15.41 Mn |
| Dec 31, 2024 | 9.56 Mn |
| Sep 30, 2024 | 7.44 Mn |
| Jun 30, 2024 | 8.86 Mn |
| Mar 31, 2024 | 8.26 Mn |
| Dec 31, 2023 | 6.66 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.53 Mn |
| Mar 31, 2023 | 6.35 Mn |
| Dec 31, 2022 | 13.26 Mn |
| Sep 30, 2022 | 19.48 Mn |
| Jun 30, 2022 | 19.14 Mn |
| Mar 31, 2022 | 19.95 Mn |
| Dec 31, 2021 | 20.07 Mn |
| Sep 30, 2021 | 4.34 Mn |
| Jun 30, 2021 | 4.17 Mn |
| Mar 31, 2021 | 3.94 Mn |