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
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