Houlihan Lokey (HLI) Enterprise Value (2014 - 2025)
Houlihan Lokey (HLI) posted quarterly Enterprise Value of -$1.1 billion for Q4 2025, down 32.17% year-over-year from -$1.6 billion in Q4 2024, and down 14.39% on a QoQ basis from -$923.6 million in Q3 2025.
Houlihan Lokey (HLI) Enterprise Value (2014 - 2025) Analysis & Trends
Houlihan Lokey (HLI) has reported Enterprise Value for 12 consecutive years, with -$1.1 billion the latest figure, recorded in Q4 2025.
- In Q4 2025, Enterprise Value fell 32.17% year-over-year to -$1.1 billion; the TTM figure through Dec 2025 stood at -$1.1 billion (down 32.17% YoY), while the FY2025 annual figure was -$971.0 million, down 34.63% from the prior year.
- Enterprise Value came in at -$1.1 billion for Q4 2025 at Houlihan Lokey, down from -$923.6 million in the prior quarter.
- The five-year high for Enterprise Value was -$449.7 million in Q2 2024, with the low at -$1.1 billion in Q4 2021.
- Average Enterprise Value over 5 years is -$730.7 million, with a median of -$751.7 million recorded in 2021.
- Across the five-year window, Enterprise Value plunged 122.64% in 2021 and jumped 48.1% in 2022, its largest moves.
- Year by year, Enterprise Value stood at -$1.1 billion in 2021, then soared by 48.1% to -$549.4 million in 2022, then declined by 1.11% to -$555.5 million in 2023, then sank by 43.89% to -$799.3 million in 2024, then sank by 32.17% to -$1.1 billion in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$1.1 billion, -$923.6 million, and -$793.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -133.53 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -937.55 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -44.98 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -2.16 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | -4.64 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | -1.02 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | -1.25 Bn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | -1.52 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -2.21 Bn |
| 10 | Houlihan Lokey | 9.19 Bn | 8.14 Bn | 697.95 Mn | -1.06 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.06 Bn |
| Sep 30, 2025 | -923.58 Mn |
| Jun 30, 2025 | -793.82 Mn |
| Mar 31, 2025 | -971.01 Mn |
| Dec 31, 2024 | -799.34 Mn |
| Sep 30, 2024 | -691.41 Mn |
| Jun 30, 2024 | -449.70 Mn |
| Mar 31, 2024 | -721.24 Mn |
| Dec 31, 2023 | -555.53 Mn |
| Sep 30, 2023 | -493.93 Mn |
| Jun 30, 2023 | -456.12 Mn |
| Mar 31, 2023 | -714.44 Mn |
| Dec 31, 2022 | -549.42 Mn |
| Sep 30, 2022 | -503.81 Mn |
| Jun 30, 2022 | -488.95 Mn |
| Mar 31, 2022 | -833.70 Mn |
| Dec 31, 2021 | -1.06 Bn |
| Sep 30, 2021 | -923.01 Mn |
| Jun 30, 2021 | -782.19 Mn |
| Mar 31, 2021 | -846.85 Mn |