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
DateValue
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