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| Date | Value |
|---|---|
| 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 |