Houlihan Lokey (HLI) EV to CFO (2015 - 2025)
Houlihan Lokey (HLI) posted EV to CFO of 50.91 for Q4 2025, up 22.92% on a QoQ basis from 41.42 in Q3 2025, and up 27.13% year-over-year from 40.05 in Q4 2024.
Powered by 
Analysis
Houlihan Lokey (HLI) EV to CFO (2015 - 2025) Analysis & Trends
Houlihan Lokey has reported EV to CFO for 11 years, with the latest figure at 50.91 in Q4 2025.
- On a quarterly basis, EV to CFO rose 27.13% year-over-year to 50.91 in Q4 2025; TTM through Dec 2025 was 14.4, a 3.08% decrease from a year earlier, with the FY2025 full-year figure at 12.15, down 50.96% from the prior year.
- EV to CFO was 50.91 for Q4 2025 at Houlihan Lokey, up from 41.42 in the prior quarter.
- The five-year high for EV to CFO was 75.55 in Q1 2022, with the low at 128.98 in Q2 2024.
- Average EV to CFO over 5 years is 13.66, with a median of 31.17 recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: EV to CFO surged 483.79% in 2022, then slumped 196.17% in 2024.
- Over 5 years, EV to CFO stood at 10.26 in 2021, then surged by 432.81% to 54.64 in 2022, then soared by 30.01% to 71.04 in 2023, then tumbled by 43.63% to 40.05 in 2024, then grew by 27.13% to 50.91 in 2025.
- The last three EV to CFO figures came in at 50.91 (Q4 2025), 41.42 (Q3 2025), and 84.29 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Evercore | 11.52 Bn | 9.43 Bn | 975.67 Mn |
| 2 | Jefferies Financial | 11.24 Bn | -4.17 Bn | 3.09 Bn |
| 3 | Houlihan Lokey | 9.53 Bn | 8.45 Bn | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - |
| 5 | PJT Partners | 6.94 Bn | 6.99 Bn | 481.98 Mn |
| 6 | Moelis | 6.06 Bn | 5.99 Bn | - |
| 7 | Piper Sandler Companies | 5.20 Bn | 5.09 Bn | - |
| 8 | Lazard | 4.97 Bn | 3.99 Bn | - |
| 9 | BRBI BR Partners | 3.49 Bn | 3.38 Bn | 16.77 Mn |
| 10 | Perella Weinberg Partners | 1.81 Bn | 2.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 50.91 |
| Sep 30, 2025 | 41.42 |
| Jun 30, 2025 | -84.29 |
| Mar 31, 2025 | 28.76 |
| Dec 31, 2024 | 40.05 |
| Sep 30, 2024 | 33.57 |
| Jun 30, 2024 | -128.98 |
| Mar 31, 2024 | 36.11 |
| Dec 31, 2023 | 71.04 |
| Sep 30, 2023 | 47.27 |
| Jun 30, 2023 | -43.55 |
| Mar 31, 2023 | 20.28 |
| Dec 31, 2022 | 54.64 |
| Sep 30, 2022 | 50.26 |
| Jun 30, 2022 | -16.21 |
| Mar 31, 2022 | 75.55 |
| Dec 31, 2021 | 10.26 |
| Sep 30, 2021 | 24.16 |
| Jun 30, 2021 | -50.98 |
| Mar 31, 2021 | 12.94 |