Houlihan Lokey (HLI) FCF Margin (2014 - 2025)

Houlihan Lokey (HLI) has reported FCF Margin for 12 consecutive years, with 30.27% the latest figure, recorded in Q4 2025.

• In Q4 2025, FCF Margin fell 1098.0% year-over-year to 30.27%; the TTM figure through Dec 2025 stood at 27.9% (down 232.0% YoY), while the FY2025 annual figure was 33.85%, up 2018.0% from the prior year.
• FCF Margin came in at 30.27% for Q4 2025 at Houlihan Lokey, down from 48.95% in the prior quarter.
• The five-year high for FCF Margin was 61.54% in Q4 2021, with the low at 67.48% in Q2 2022.
• Average FCF Margin over 5 years is 19.76%, with a median of 27.26% recorded in 2022.
• Across the five-year window, FCF Margin jumped 3169 bps in 2021 and slumped 4463 bps in 2022, its largest moves.
• Year by year, FCF Margin stood at 61.54% in 2021, then tumbled by 73 bps to 16.91% in 2022, then retreated by 1 bps to 16.69% in 2023, then surged by 147 bps to 41.24% in 2024, then retreated by 27 bps to 30.27% in 2025.
• According to Business Quant data, FCF Margin over the past three periods registered 30.27%, 48.95%, and 23.92% for Q4 2025, Q3 2025, and Q2 2025 respectively.