Houlihan Lokey (HLI) Equity Average (2014 - 2025)

Houlihan Lokey's Equity Average history runs 12 years deep, the most recent figure standing at $2.3 billion for Q4 2025.

• In Q4 2025, Equity Average rose 12.46% year-over-year to $2.3 billion; the TTM figure through Dec 2025 stood at $2.3 billion (up 12.46% YoY), while the FY2025 annual figure was $2.0 billion, up 126.14% from the prior year.
• Equity Average was $2.3 billion for Q4 2025 at Houlihan Lokey, up from $2.2 billion in the prior quarter.
• In the past five years, Equity Average ranged from a high of $2.3 billion in Q4 2025 to a low of -$31.4 million in Q1 2023.
• Historically, Equity Average has averaged $920.3 million across 5 years, with a median of $604.7 million in 2021.
• The sharpest annual moves came in 2023 and 2024: Equity Average slumped 179517.14% in 2023, then jumped 5851534.78% in 2024.
• A 5-year view of Equity Average shows it stood at $718.9 million in 2021, then tumbled by 31.75% to $490.6 million in 2022, then plunged by 99.99% to $34500.0 in 2023, then surged by 5851534.78% to $2.0 billion in 2024, then gained by 12.46% to $2.3 billion in 2025.
• The last three Equity Average figures came in at $2.3 billion (Q4 2025), $2.2 billion (Q3 2025), and $2.2 billion (Q2 2025), per Business Quant data.