Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) EBT (2014 - 2025)

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

Analysis

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

Houlihan Lokey has reported EBT for 12 years, with the latest figure at $169.6 million in Q4 2025.

  • On a quarterly basis, EBT rose 16.9% year-over-year to $169.6 million in Q4 2025; TTM through Dec 2025 was $578.0 million, a 15.8% increase from a year earlier, with the FY2025 full-year figure at $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.
  • 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.
  • The sharpest annual moves came in 2021 and 2022: EBT surged 146.34% in 2021, then plunged 66.42% in 2022.
  • Over 5 years, EBT stood at $249.0 million in 2021, then slumped by 66.42% to $83.6 million in 2022, then advanced by 22.68% to $102.6 million in 2023, then soared by 41.48% to $145.1 million in 2024, then gained 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 Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn 147.59 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn 315.55 Mn
3 Houlihan Lokey 9.07 Bn 7.99 Bn - -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn - -8,222.00
5 PJT Partners 5.75 Bn 5.81 Bn 481.98 Mn 102.09 Mn
6 Moelis 5.25 Bn 5.17 Bn - 75.28 Mn
7 Piper Sandler Companies 4.88 Bn 4.77 Bn - 100.44 Mn
8 Lazard 3.95 Bn 2.96 Bn - 15.07 Mn
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn 8.25 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn - 6.08 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 169.65 Mn
Sep 30, 2025 160.05 Mn
Jun 30, 2025 98.00 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