Houlihan Lokey (HLI) EBIT Margin (2014 - 2025)
Houlihan Lokey (HLI) recorded quarterly EBIT Margin of 22.41% in Q4 2025, down 2.33% quarter-over-quarter from 22.95% in Q3 2025, and up 96.0% on a YoY basis from 11.44% in Q4 2024.
Houlihan Lokey (HLI) EBIT Margin (2014 - 2025) Analysis & Trends
Houlihan Lokey's EBIT Margin history runs 12 years deep, the most recent figure standing at 22.41% for Q4 2025.
- In Q4 2025, EBIT Margin rose 96.0% year-over-year to 22.41%; the TTM figure through Dec 2025 stood at 20.46% (down 23.0% YoY), while the FY2025 annual figure was 20.99%, up 204.0% from the prior year.
- EBIT Margin was 22.41% for Q4 2025 at Houlihan Lokey, down from 22.95% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 37.75% in Q1 2022 to a low of 14.83% in Q2 2025.
- Historically, EBIT Margin has averaged 22.35% across 5 years, with a median of 20.69% in 2023.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin jumped 974 bps in 2022, then sank 1738 bps in 2023.
- A 5-year view of EBIT Margin shows it stood at 28.04% in 2021, then slumped by 34 bps to 18.44% in 2022, then advanced by 2 bps to 18.89% in 2023, then grew by 14 bps to 21.45% in 2024, then grew by 4 bps to 22.41% in 2025.
- The last three EBIT Margin figures came in at 22.41% (Q4 2025), 22.95% (Q3 2025), and 14.83% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 95.15% |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 136.81% |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 61.80% |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 139.66% |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 46.50% |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 108.11% |
| 10 | Houlihan Lokey | 9.39 Bn | 8.33 Bn | 697.95 Mn | 22.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 22.41% |
| Sep 30, 2025 | 22.95% |
| Jun 30, 2025 | 14.83% |
| Mar 31, 2025 | 21.01% |
| Dec 31, 2024 | 21.45% |
| Sep 30, 2024 | 22.73% |
| Jun 30, 2024 | 18.45% |
| Mar 31, 2024 | 19.73% |
| Dec 31, 2023 | 18.89% |
| Sep 30, 2023 | 19.33% |
| Jun 30, 2023 | 17.64% |
| Mar 31, 2023 | 20.38% |
| Dec 31, 2022 | 18.44% |
| Sep 30, 2022 | 18.26% |
| Jun 30, 2022 | 18.53% |
| Mar 31, 2022 | 37.75% |
| Dec 31, 2021 | 28.04% |
| Sep 30, 2021 | 29.28% |
| Jun 30, 2021 | 28.89% |
| Mar 31, 2021 | 28.02% |