Houlihan Lokey (HLI) EV to FCF (2015 - 2025)
Houlihan Lokey's (HLI) EV to FCF came in at 15.00 for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 4.4% from 15.68 a year earlier and down 12.8% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) EV to FCF (2015 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, EV to FCF at Houlihan Lokey was 11.36, down 12.2% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 12.74, down 59.0% from FY2024.
- In prior fiscal years, Houlihan Lokey's EV to FCF was 31.09 in FY2024 (-44.9%), 56.45 in FY2023 (+743.6%), 6.69 in FY2022 (+7.3%) and 6.24 in FY2021 (-41.8%).
- Quarterly EV to FCF has run from a low of 6.06 in fiscal Q3 2022 to a high of 56.45 in fiscal Q4 2023 over five years.
- On a year-over-year basis, EV to FCF has declined in each of the last eight quarters, with an average decline of 28.6% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was fiscal Q4 2023, with growth of 743.6%; the weakest was fiscal Q4 2025, with a decline of 59.0%.
- According to Business Quant data, EV to FCF for the three prior fiscal quarters was 17.20 (Q2 2026), 15.05 (Q1 2026) and 12.74 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.34 Bn | 98.43 Bn | - |
| 2 | Intercontinental Exchange | 91.82 Bn | 85.56 Bn | - |
| 3 | Robinhood Markets | 86.60 Bn | 67.63 Bn | - |
| 4 | Nasdaq | 57.82 Bn | 55.25 Bn | 1.50 Bn |
| 5 | Interactive Brokers | 36.86 Bn | 13.98 Bn | - |
| 6 | Cboe Global Markets | 34.46 Bn | 26.12 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.75 Bn | 17.77 Bn | - |
| 8 | LPL Financial Holdings | 25.43 Bn | 20.74 Bn | - |
| 9 | Circle Internet | 21.21 Bn | 15.09 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.95 Bn | 4.99 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 15.00 |
| Sep 30, 2025 | 17.20 |
| Jun 30, 2025 | 15.05 |
| Mar 31, 2025 | 12.74 |
| Dec 31, 2024 | 15.68 |
| Sep 30, 2024 | 19.35 |
| Jun 30, 2024 | 24.80 |
| Mar 31, 2024 | 31.09 |
| Dec 31, 2023 | 26.78 |
| Sep 30, 2023 | 24.74 |
| Jun 30, 2023 | 26.58 |
| Mar 31, 2023 | 56.45 |
| Sep 30, 2022 | 10.70 |
| Jun 30, 2022 | 8.39 |
| Mar 31, 2022 | 6.69 |
| Dec 31, 2021 | 6.06 |
| Sep 30, 2021 | 7.35 |
| Jun 30, 2021 | 7.75 |
| Mar 31, 2021 | 6.24 |
| Dec 31, 2020 | 8.18 |
API Access
Houlihan Lokey EV to FCF 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-fcf&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();