Houlihan Lokey (HLI) Depreciation and Depletion (2014 - 2025)

Houlihan Lokey's Depreciation and Depletion history runs 12 years deep, the most recent figure standing at $7.0 million for Q4 2025.

• In Q4 2025, Depreciation and Depletion rose 27.17% year-over-year to $7.0 million; the TTM figure through Dec 2025 stood at $27.0 million (up 22.77% YoY), while the FY2025 annual figure was $21.9 million, up 23.39% from the prior year.
• Depreciation and Depletion was $7.0 million for Q4 2025 at Houlihan Lokey, down from $7.7 million in the prior quarter.
• In the past five years, Depreciation and Depletion ranged from a high of $7.7 million in Q3 2025 to a low of $2.7 million in Q3 2021.
• Historically, Depreciation and Depletion has averaged $4.6 million across 5 years, with a median of $4.4 million in 2021.
• The sharpest annual moves came in 2021 and 2024: Depreciation and Depletion slumped 66.14% in 2021, then soared 84.61% in 2024.
• A 5-year view of Depreciation and Depletion shows it stood at $4.6 million in 2021, then sank by 37.46% to $2.9 million in 2022, then jumped by 76.37% to $5.1 million in 2023, then gained by 7.81% to $5.5 million in 2024, then climbed by 27.17% to $7.0 million in 2025.
• The last three Depreciation and Depletion figures came in at $7.0 million (Q4 2025), $7.7 million (Q3 2025), and $6.5 million (Q2 2025), per Business Quant data.