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

Houlihan Lokey's Equity Ratio history runs 12 years deep, the most recent figure standing at 0.58 for 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 was 0.58 for Q4 2025 at Houlihan Lokey, down from 0.59 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.62 in Q2 2024 to a low of 0.02 in Q1 2023.
• Historically, Equity Ratio has averaged 0.3 across 5 years, with a median of 0.32 in 2022.
• The sharpest annual moves came in 2023 and 2024: Equity Ratio plunged 339427.58% in 2023, then soared 10418486.18% in 2024.
• A 5-year view of Equity Ratio shows it stood at 0.0 in 2021, then increased by 20.71% to 0.0 in 2022, then declined by 14.72% to 0.0 in 2023, then jumped by 10418486.18% to 0.6 in 2024, then retreated by 2.66% to 0.58 in 2025.
• The last three Equity Ratio figures came in at 0.58 (Q4 2025), 0.59 (Q3 2025), and 0.62 (Q2 2025), per Business Quant data.