Houlihan Lokey (HLI) EBT (2014 - 2025)
Houlihan Lokey (HLI) recorded quarterly EBT of $169.6 million in Q4 2025, up 5.99% quarter-over-quarter from $160.1 million in Q3 2025, and up 16.9% on a YoY basis from $145.1 million in Q4 2024.
Houlihan Lokey (HLI) EBT (2014 - 2025) Analysis & Trends
Houlihan Lokey's EBT history runs 12 years deep, the most recent figure standing at $169.6 million for 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 was $169.6 million for Q4 2025 at Houlihan Lokey, up from $160.1 million in the prior quarter.
- In the past five years, EBT ranged from a high of $249.0 million in Q4 2021 to a low of $75.8 million in Q2 2022.
- Historically, EBT has averaged $120.9 million across 5 years, with a median of $105.2 million in 2021.
- The sharpest annual moves came in 2021 and 2022: EBT jumped 146.34% in 2021, then sank 66.42% in 2022.
- A 5-year view of EBT shows it stood at $249.0 million in 2021, then tumbled by 66.42% to $83.6 million in 2022, then gained by 22.68% to $102.6 million in 2023, then surged by 41.48% to $145.1 million in 2024, then rose by 16.9% to $169.6 million in 2025.
- The last three EBT figures came in at $169.6 million (Q4 2025), $160.1 million (Q3 2025), and $98.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -65.54 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 7.01 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 6.49 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.19 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 411.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 1.29 Bn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 484.58 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 302.92 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 56.69 Mn |
| 10 | Houlihan Lokey | 9.13 Bn | 8.07 Bn | 697.95 Mn | 169.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |