Houlihan Lokey (HLI) Equity Ratio (2015 - 2025)

Houlihan Lokey (HLI) posted quarterly Equity Ratio of 0.58 for Q4 2025, down 2.66% year-over-year from 0.6 in Q4 2024, and down 1.63% on a QoQ basis from 0.59 in Q3 2025.

Houlihan Lokey (HLI) Equity Ratio (2015 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported Equity Ratio for 11 consecutive years, with 0.58 the latest figure, recorded in Q4 2025.

  • In Q4 2025, Equity Ratio fell 2.66% year-over-year to 0.58; the TTM figure through Dec 2025 stood at 0.58 (down 2.66% YoY), while the FY2025 annual figure was 0.57, down 1.71% from the prior year.
  • Equity Ratio came in at 0.58 for Q4 2025 at Houlihan Lokey, down from 0.59 in the prior quarter.
  • The five-year high for Equity Ratio was 0.62 in Q2 2024, with the low at 0.02 in Q1 2023.
  • Average Equity Ratio over 5 years is 0.3, with a median of 0.32 recorded in 2022.
  • Across the five-year window, Equity Ratio sank 339427.58% in 2023 and soared 10418486.18% in 2024, its largest moves.
  • Year by year, Equity Ratio stood at 0.0 in 2021, then advanced by 20.71% to 0.0 in 2022, then decreased by 14.72% to 0.0 in 2023, then jumped by 10418486.18% to 0.6 in 2024, then dropped by 2.66% to 0.58 in 2025.
  • According to Business Quant data, Equity Ratio over the past three periods registered 0.58, 0.59, and 0.62 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 0.07
2 Goldman Sachs 309.79 Bn -627.76 Bn - 0.06
3 Schwab Charles 167.21 Bn 122.24 Bn - 0.10
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 0.18
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 0.21
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 0.30
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 0.88
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 0.04
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 0.37
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 0.58

Historic Data

Download Data
DateValue
Dec 31, 2025 0.58
Sep 30, 2025 0.59
Jun 30, 2025 0.62
Mar 31, 2025 0.57
Dec 31, 2024 0.60
Sep 30, 2024 0.61
Jun 30, 2024 0.62
Mar 31, 2024 0.58
Dec 31, 2023 0.00
Sep 30, 2023 0.00
Jun 30, 2023 0.00
Mar 31, 2023 -0.02
Dec 31, 2022 0.00
Sep 30, 2022 0.39
Jun 30, 2022 0.00
Mar 31, 2022 0.00
Dec 31, 2021 0.00
Sep 30, 2021 0.61
Jun 30, 2021 0.00
Mar 31, 2021 0.25