Houlihan Lokey (HLI) EV to CFO (2015 - 2025)
Houlihan Lokey's (HLI) EV to CFO stood at 14.40 in fiscal Q3 2026 (quarter ended Dec 31, 2025), down 3.1% from 14.86 a year earlier and down 12.7% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) EV to CFO (2015 - 2025) Analysis & Trends
On a TTM basis, Houlihan Lokey's EV to CFO came in at 10.91 as of Dec 31, 2025, down 11.0% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 12.15, down 51.0% from FY2024.
- Across earlier fiscal years, EV to CFO came in at 24.77 in FY2024 (-30.1%), 35.43 in FY2023 (+435.9%), 6.61 in FY2022 (+8.7%) and 6.09 in FY2021 (-38.8%).
- Quarterly EV to CFO has ranged from 5.99 in fiscal Q3 2022 to 35.43 in fiscal Q4 2023 over the past five years.
- On a year-over-year basis, EV to CFO has declined for six consecutive quarters, with an average decline of 20.0% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 435.9% in fiscal Q4 2023, against a decline of 51.0% in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 16.49 (Q2 2026), 14.24 (Q1 2026) and 12.15 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.72 Bn | 4.75 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 14.40 |
| Sep 30, 2025 | 16.49 |
| Jun 30, 2025 | 14.24 |
| Mar 31, 2025 | 12.15 |
| Dec 31, 2024 | 14.86 |
| Sep 30, 2024 | 17.62 |
| Jun 30, 2024 | 20.93 |
| Mar 31, 2024 | 24.77 |
| Dec 31, 2023 | 21.00 |
| Sep 30, 2023 | 19.37 |
| Jun 30, 2023 | 20.72 |
| Mar 31, 2023 | 35.43 |
| Sep 30, 2022 | 10.10 |
| Jun 30, 2022 | 8.21 |
| Mar 31, 2022 | 6.61 |
| Dec 31, 2021 | 5.99 |
| Sep 30, 2021 | 7.24 |
| Jun 30, 2021 | 7.59 |
| Mar 31, 2021 | 6.09 |
| Dec 31, 2020 | 7.93 |
API Access
Houlihan Lokey EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();