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| Date | Value |
|---|---|
| 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% |