Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025)

Houlihan Lokey (HLI) posted quarterly EBITDA Margin of 16.19% for Q4 2025, up 876.0% year-over-year from 1.66% in Q4 2024, and up 9.27% on a QoQ basis from 14.82% in Q3 2025.

Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported EBITDA Margin for 12 consecutive years, with 16.19% the latest figure, recorded in Q4 2025.

  • In Q4 2025, EBITDA Margin rose 876.0% year-over-year to 16.19%; the TTM figure through Dec 2025 stood at 19.06% (up 450.0% YoY), while the FY2025 annual figure was 16.87%, up 242.0% from the prior year.
  • EBITDA Margin came in at 16.19% for Q4 2025 at Houlihan Lokey, up from 14.82% in the prior quarter.
  • The five-year high for EBITDA Margin was 24.09% in Q2 2025, with the low at 6.57% in Q3 2022.
  • Average EBITDA Margin over 5 years is 16.69%, with a median of 17.6% recorded in 2022.
  • Across the five-year window, EBITDA Margin slumped 1331 bps in 2022 and surged 1163 bps in 2024, its largest moves.
  • Year by year, EBITDA Margin stood at 19.34% in 2021, then dropped by 1 bps to 19.11% in 2022, then fell by 1 bps to 18.86% in 2023, then plunged by 61 bps to 7.43% in 2024, then surged by 118 bps to 16.19% in 2025.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 16.19%, 14.82%, and 24.09% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 95.15%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 136.81%
3 Schwab Charles 167.21 Bn 122.24 Bn - 61.80%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 124.07%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 11.84%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 47.66%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 110.52%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -176.07%
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 16.19%

Historic Data

Download Data
DateValue
Dec 31, 2025 16.19%
Sep 30, 2025 14.82%
Jun 30, 2025 24.09%
Mar 31, 2025 21.76%
Dec 31, 2024 7.43%
Sep 30, 2024 21.73%
Jun 30, 2024 16.74%
Mar 31, 2024 13.18%
Dec 31, 2023 18.86%
Sep 30, 2023 10.10%
Jun 30, 2023 15.48%
Mar 31, 2023 15.03%
Dec 31, 2022 19.11%
Sep 30, 2022 6.57%
Jun 30, 2022 11.58%
Mar 31, 2022 18.47%
Dec 31, 2021 19.34%
Sep 30, 2021 19.89%
Jun 30, 2021 23.50%
Mar 31, 2021 19.95%