Houlihan Lokey (HLI) EBIT (2014 - 2025)
Houlihan Lokey (HLI) posted EBIT of $160.7 million for Q4 2025, up 6.2% on a QoQ basis from $151.3 million in Q3 2025, and up 18.1% year-over-year from $136.1 million in Q4 2024.
Analysis
Houlihan Lokey (HLI) EBIT (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported EBIT for 12 years, with the latest figure at $160.7 million in Q4 2025.
- On a quarterly basis, EBIT rose 18.1% year-over-year to $160.7 million in Q4 2025; TTM through Dec 2025 was $542.1 million, a 16.78% increase from a year earlier, with the FY2025 full-year figure at $501.5 million, up 38.22% from the prior year.
- EBIT was $160.7 million for Q4 2025 at Houlihan Lokey, up from $151.3 million in the prior quarter.
- The five-year high for EBIT was $249.3 million in Q4 2021, with the low at $73.3 million in Q2 2023.
- Average EBIT over 5 years is $118.1 million, with a median of $100.7 million recorded in 2022.
- The sharpest annual moves came in 2021 and 2022: EBIT jumped 152.82% in 2021, then plunged 66.23% in 2022.
- Over 5 years, EBIT stood at $249.3 million in 2021, then slumped by 66.23% to $84.2 million in 2022, then increased by 14.69% to $96.5 million in 2023, then jumped by 40.98% to $136.1 million in 2024, then gained by 18.1% to $160.7 million in 2025.
- The last three EBIT figures came in at $160.7 million (Q4 2025), $151.3 million (Q3 2025), and $90.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 132.05 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 1.20 Bn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | -8,222.00 |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 97.78 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 72.83 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 101.17 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | 37.60 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 34.22 Mn |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 5.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 160.73 Mn |
| Sep 30, 2025 | 151.34 Mn |
| Jun 30, 2025 | 90.00 Mn |
| Mar 31, 2025 | 140.03 Mn |
| Dec 31, 2024 | 136.10 Mn |
| Sep 30, 2024 | 130.67 Mn |
| Jun 30, 2024 | 94.74 Mn |
| Mar 31, 2024 | 102.70 Mn |
| Dec 31, 2023 | 96.54 Mn |
| Sep 30, 2023 | 90.28 Mn |
| Jun 30, 2023 | 73.35 Mn |
| Mar 31, 2023 | 90.62 Mn |
| Dec 31, 2022 | 84.17 Mn |
| Sep 30, 2022 | 89.37 Mn |
| Jun 30, 2022 | 77.57 Mn |
| Mar 31, 2022 | 98.61 Mn |
| Dec 31, 2021 | 249.26 Mn |
| Sep 30, 2021 | 157.32 Mn |
| Jun 30, 2021 | 107.68 Mn |
| Mar 31, 2021 | 140.28 Mn |