Houlihan Lokey (HLI) EBT (2014 - 2025)

Houlihan Lokey (HLI) posted quarterly EBT of $169.6 million for Q4 2025, up 16.9% year-over-year from $145.1 million in Q4 2024, and up 5.99% on a QoQ basis from $160.1 million in Q3 2025.

Houlihan Lokey (HLI) EBT (2014 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported EBT for 12 consecutive years, with $169.6 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, EBT rose 16.9% year-over-year to $169.6 million; the TTM figure through Dec 2025 stood at $578.0 million (up 15.81% YoY), while the FY2025 annual figure was $531.3 million, up 36.05% from the prior year.
  • EBT came in at $169.6 million for Q4 2025 at Houlihan Lokey, up from $160.1 million in the prior quarter.
  • The five-year high for EBT was $249.0 million in Q4 2021, with the low at $75.8 million in Q2 2022.
  • Average EBT over 5 years is $120.9 million, with a median of $105.2 million recorded in 2021.
  • Across the five-year window, EBT jumped 146.34% in 2021 and slumped 66.42% in 2022, its largest moves.
  • Year by year, EBT stood at $249.0 million in 2021, then plunged by 66.42% to $83.6 million in 2022, then grew by 22.68% to $102.6 million in 2023, then surged by 41.48% to $145.1 million in 2024, then climbed by 16.9% to $169.6 million in 2025.
  • According to Business Quant data, EBT over the past three periods registered $169.6 million, $160.1 million, and $98.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 7.01 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 6.49 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.19 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 514.30 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 411.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 484.58 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 302.92 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 56.69 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.09 Mn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 169.65 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 169.65 Mn
Sep 30, 2025 160.05 Mn
Jun 30, 2025 98.05 Mn
Mar 31, 2025 150.26 Mn
Dec 31, 2024 145.12 Mn
Sep 30, 2024 136.09 Mn
Jun 30, 2024 99.87 Mn
Mar 31, 2024 118.04 Mn
Dec 31, 2023 102.58 Mn
Sep 30, 2023 93.57 Mn
Jun 30, 2023 76.35 Mn
Mar 31, 2023 80.30 Mn
Dec 31, 2022 83.61 Mn
Sep 30, 2022 84.27 Mn
Jun 30, 2022 75.82 Mn
Mar 31, 2022 90.69 Mn
Dec 31, 2021 249.01 Mn
Sep 30, 2021 156.47 Mn
Jun 30, 2021 107.78 Mn
Mar 31, 2021 139.80 Mn