Houlihan Lokey (HLI) Goodwill (2015 - 2025)

Houlihan Lokey (HLI) posted quarterly Goodwill of $1.3 billion for Q4 2025, up 0.98% year-over-year from $1.3 billion in Q4 2024, and little changed on a QoQ basis from $1.3 billion in Q3 2025.

Houlihan Lokey (HLI) Goodwill (2015 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported Goodwill for 11 consecutive years, with $1.3 billion the latest figure, recorded in Q4 2025.

  • In Q4 2025, Goodwill rose 0.98% year-over-year to $1.3 billion; the TTM figure through Dec 2025 stood at $1.3 billion (up 0.98% YoY), while the FY2025 annual figure was $1.3 billion, up 13.93% from the prior year.
  • Goodwill came in at $1.3 billion for Q4 2025 at Houlihan Lokey, roughly flat from $1.3 billion in the prior quarter.
  • The five-year high for Goodwill was $1.3 billion in Q2 2025, with the low at $393.3 million in Q3 2022.
  • Average Goodwill over 5 years is $983.2 million, with a median of $1.1 billion recorded in 2023.
  • Across the five-year window, Goodwill sank 42.11% in 2022 and surged 176.65% in 2023, its largest moves.
  • Year by year, Goodwill stood at $403.8 million in 2021, then jumped by 162.67% to $1.1 billion in 2022, then grew by 6.41% to $1.1 billion in 2023, then increased by 13.44% to $1.3 billion in 2024, then climbed by 0.98% to $1.3 billion in 2025.
  • According to Business Quant data, Goodwill over the past three periods registered $1.3 billion, $1.3 billion, and $1.3 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn -
2 Goldman Sachs 309.79 Bn -627.76 Bn -
3 Schwab Charles 167.21 Bn 122.24 Bn -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn -
7 Tradeweb Markets 21.59 Bn 20.34 Bn -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.29 Bn
Sep 30, 2025 1.29 Bn
Jun 30, 2025 1.30 Bn
Mar 31, 2025 1.28 Bn
Dec 31, 2024 1.28 Bn
Sep 30, 2024 1.18 Bn
Jun 30, 2024 1.18 Bn
Mar 31, 2024 1.13 Bn
Dec 31, 2023 1.13 Bn
Sep 30, 2023 1.09 Bn
Jun 30, 2023 1.09 Bn
Mar 31, 2023 1.09 Bn
Dec 31, 2022 1.06 Bn
Sep 30, 2022 393.25 Mn
Jun 30, 2022 394.21 Mn
Mar 31, 2022 1.07 Bn
Dec 31, 2021 403.81 Mn
Sep 30, 2021 679.32 Mn
Jun 30, 2021 671.95 Mn
Mar 31, 2021 671.07 Mn