Houlihan Lokey (HLI) Free Cash Flow (2014 - 2025)

Houlihan Lokey has reported Free Cash Flow for 12 years, with the latest figure at $217.0 million in Q4 2025.

• On a quarterly basis, Free Cash Flow fell 17.05% year-over-year to $217.0 million in Q4 2025; TTM through Dec 2025 was $738.9 million, a 8.97% increase from a year earlier, with the FY2025 full-year figure at $808.9 million, up 209.07% from the prior year.
• Free Cash Flow was $217.0 million for Q4 2025 at Houlihan Lokey, down from $323.0 million in the prior quarter.
• The five-year high for Free Cash Flow was $547.0 million in Q4 2021, with the low at -$282.5 million in Q2 2022.
• Average Free Cash Flow over 5 years is $127.4 million, with a median of $160.8 million recorded in 2021.
• The sharpest annual moves came in 2022 and 2023: Free Cash Flow tumbled 208.76% in 2022, then jumped 245.84% in 2023.
• Over 5 years, Free Cash Flow stood at $547.0 million in 2021, then plunged by 85.89% to $77.2 million in 2022, then climbed by 10.52% to $85.3 million in 2023, then soared by 206.7% to $261.7 million in 2024, then slipped by 17.05% to $217.0 million in 2025.
• The last three Free Cash Flow figures came in at $217.0 million (Q4 2025), $323.0 million (Q3 2025), and -$145.0 million (Q2 2025), per Business Quant data.