Houlihan Lokey (HLI) EV to CFO (2015 - 2026)
Houlihan Lokey's (HLI) EV to CFO stood at 18.83 in fiscal Q2 2027 (quarter ended Sep 30, 2026), up 14.1% from 16.50 a year earlier and up 7.7% from the prior quarter.
Powered by 
Analysis
Houlihan Lokey (HLI) EV to CFO (2015 - 2026) Analysis & Trends
On a TTM basis, Houlihan Lokey's EV to CFO came in at 11.83 as of Sep 30, 2026, down 11.4% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 12.65, up 4.2% from FY2025.
- Across earlier fiscal years, EV to CFO came in at 12.15 in FY2025 (-51.0%), 24.77 in FY2024 (-30.1%), 35.43 in FY2023 (+435.9%) and 6.61 in FY2022 (+8.7%).
- The fiscal Q2 2027 figure is the highest quarterly EV to CFO since fiscal Q1 2025.
- On a year-over-year basis, EV to CFO has increased for three consecutive quarters, with an average decline of 10.1% 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 17.48 (Q1 2027), 12.65 (Q4 2026) and 14.40 (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - |
| 10 | Houlihan Lokey | 9.82 Bn | 5.99 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.83 |
| Jun 30, 2026 | 17.48 |
| Mar 31, 2026 | 12.65 |
| Dec 31, 2025 | 14.40 |
| Sep 30, 2025 | 16.50 |
| 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 |
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();