Houlihan Lokey (HLI) EV to EBIT (2015 - 2025)
Houlihan Lokey (HLI) posted EV to EBIT of 68.95 for Q4 2025, down 22.58% on a QoQ basis from 89.05 in Q3 2025, and down 11.75% year-over-year from 78.12 in Q4 2024.
Analysis
Houlihan Lokey (HLI) EV to EBIT (2015 - 2025) Analysis & Trends
Houlihan Lokey has reported EV to EBIT for 11 years, with the latest figure at 68.95 in Q4 2025.
- On a quarterly basis, EV to EBIT fell 11.75% year-over-year to 68.95 in Q4 2025; TTM through Dec 2025 was 20.44, a 10.75% decrease from a year earlier, with the FY2025 full-year figure at 20.55, down 8.33% from the prior year.
- EV to EBIT was 68.95 for Q4 2025 at Houlihan Lokey, down from 89.05 in the prior quarter.
- The five-year high for EV to EBIT was 123.63 in Q2 2025, with the low at 22.71 in Q4 2021.
- Average EV to EBIT over 5 years is 64.5, with a median of 70.04 recorded in 2023.
- The sharpest annual moves came in 2021 and 2022: EV to EBIT tumbled 41.8% in 2021, then jumped 160.22% in 2022.
- Over 5 years, EV to EBIT stood at 22.71 in 2021, then surged by 160.22% to 59.1 in 2022, then rose by 25.63% to 74.25 in 2023, then rose by 5.22% to 78.12 in 2024, then declined by 11.75% to 68.95 in 2025.
- The last three EV to EBIT figures came in at 68.95 (Q4 2025), 89.05 (Q3 2025), and 123.63 (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 | 68.95 |
| Sep 30, 2025 | 89.05 |
| Jun 30, 2025 | 123.63 |
| Mar 31, 2025 | 73.62 |
| Dec 31, 2024 | 78.12 |
| Sep 30, 2024 | 74.31 |
| Jun 30, 2024 | 87.82 |
| Mar 31, 2024 | 79.22 |
| Dec 31, 2023 | 74.25 |
| Sep 30, 2023 | 71.12 |
| Jun 30, 2023 | 79.30 |
| Mar 31, 2023 | 53.28 |
| Dec 31, 2022 | 59.10 |
| Sep 30, 2022 | 47.86 |
| Jun 30, 2022 | 58.08 |
| Mar 31, 2022 | 49.39 |
| Dec 31, 2021 | 22.71 |
| Sep 30, 2021 | 32.28 |
| Jun 30, 2021 | 42.65 |
| Mar 31, 2021 | 25.15 |