Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025)
Houlihan Lokey (HLI) recorded quarterly EBITDA Margin of 16.19% in Q4 2025, up 9.27% quarter-over-quarter from 14.82% in Q3 2025, and up 876.0% on a YoY basis from 1.66% in Q4 2024.
Houlihan Lokey (HLI) EBITDA Margin (2014 - 2025) Analysis & Trends
Houlihan Lokey's EBITDA Margin history runs 12 years deep, the most recent figure standing at 16.19% for 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 was 16.19% for Q4 2025 at Houlihan Lokey, up from 14.82% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 24.09% in Q2 2025 to a low of 6.57% in Q3 2022.
- Historically, EBITDA Margin has averaged 16.69% across 5 years, with a median of 17.6% in 2022.
- The sharpest annual moves came in 2022 and 2024: EBITDA Margin sank 1331 bps in 2022, then surged 1163 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 19.34% in 2021, then retreated by 1 bps to 19.11% in 2022, then slipped by 1 bps to 18.86% in 2023, then tumbled by 61 bps to 7.43% in 2024, then surged by 118 bps to 16.19% in 2025.
- The last three EBITDA Margin figures came in at 16.19% (Q4 2025), 14.82% (Q3 2025), and 24.09% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | - | 14.74% |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 47.66% |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 110.52% |
| 10 | Houlihan Lokey | 9.39 Bn | 8.33 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% |