Houlihan Lokey (HLI) EV to EBITDA (2015 - 2025)
Houlihan Lokey's (HLI) EV to EBITDA came in at 18.72 for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 12.3% from 21.34 a year earlier and down 21.0% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) EV to EBITDA (2015 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, EV to EBITDA at Houlihan Lokey was 14.18, down 19.5% year-over-year; for FY2025 (ended Mar 31, 2025), it was 18.99, down 8.6% from FY2024.
- In prior fiscal years, Houlihan Lokey's EV to EBITDA was 20.79 in FY2024 (+72.2%), 12.07 in FY2023 (+63.9%), 7.36 in FY2022 (-11.6%) and 8.33 in FY2021 (-28.0%).
- The fiscal Q3 2026 figure stands as the lowest quarterly EV to EBITDA since fiscal Q2 2024.
- On a year-over-year basis, EV to EBITDA increased in six of the last eight quarters, with growth averaging 16.5%.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was fiscal Q2 2024, with growth of 139.7%; the weakest was fiscal Q2 2022, with a decline of 34.7%.
- According to Business Quant data, EV to EBITDA for the three prior fiscal quarters was 23.70 (Q2 2026), 20.41 (Q1 2026) and 18.99 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.59 Bn | 4.63 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 18.72 |
| Sep 30, 2025 | 23.70 |
| Jun 30, 2025 | 20.41 |
| Mar 31, 2025 | 18.99 |
| Dec 31, 2024 | 21.34 |
| Sep 30, 2024 | 21.30 |
| Jun 30, 2024 | 20.04 |
| Mar 31, 2024 | 20.79 |
| Dec 31, 2023 | 18.99 |
| Sep 30, 2023 | 17.28 |
| Jun 30, 2023 | 15.18 |
| Mar 31, 2023 | 12.07 |
| Dec 31, 2022 | 11.80 |
| Sep 30, 2022 | 7.21 |
| Jun 30, 2022 | 6.97 |
| Mar 31, 2022 | 7.36 |
| Dec 31, 2021 | 8.24 |
| Sep 30, 2021 | 8.75 |
| Jun 30, 2021 | 9.39 |
| Mar 31, 2021 | 8.33 |
API Access
Houlihan Lokey EV to EBITDA 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-ebitda&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();