Houlihan Lokey (HLI) Goodwill & Intangibles (2015 - 2025)
Houlihan Lokey (HLI) posted quarterly Goodwill & Intangibles of $1.5 billion for Q4 2025, down 0.67% year-over-year from $1.5 billion in Q4 2024, and little changed on a QoQ basis from $1.5 billion in Q3 2025.
Houlihan Lokey (HLI) Goodwill & Intangibles (2015 - 2025) Analysis & Trends
Houlihan Lokey (HLI) has reported Goodwill & Intangibles for 11 consecutive years, with $1.5 billion the latest figure, recorded in Q4 2025.
- In Q4 2025, Goodwill & Intangibles fell 0.67% year-over-year to $1.5 billion; the TTM figure through Dec 2025 stood at $1.5 billion (down 0.67% YoY), while the FY2025 annual figure was $1.5 billion, up 13.01% from the prior year.
- Goodwill & Intangibles came in at $1.5 billion for Q4 2025 at Houlihan Lokey, roughly flat from $1.5 billion in the prior quarter.
- The five-year high for Goodwill & Intangibles was $1.5 billion in Q4 2024, with the low at $607.9 million in Q3 2022.
- Average Goodwill & Intangibles over 5 years is $1.2 billion, with a median of $1.3 billion recorded in 2022.
- Across the five-year window, Goodwill & Intangibles plunged 31.24% in 2022 and soared 111.09% in 2023, its largest moves.
- Year by year, Goodwill & Intangibles stood at $667.3 million in 2021, then soared by 89.65% to $1.3 billion in 2022, then rose by 4.98% to $1.3 billion in 2023, then increased by 13.09% to $1.5 billion in 2024, then retreated by 0.67% to $1.5 billion in 2025.
- According to Business Quant data, Goodwill & Intangibles over the past three periods registered $1.5 billion, $1.5 billion, and $1.5 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 | 1.49 Bn |
| Sep 30, 2025 | 1.49 Bn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 1.50 Bn |
| Dec 31, 2024 | 1.50 Bn |
| Sep 30, 2024 | 1.37 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Mar 31, 2024 | 1.32 Bn |
| Dec 31, 2023 | 1.33 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 1.29 Bn |
| Mar 31, 2023 | 1.29 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 607.85 Mn |
| Jun 30, 2022 | 625.16 Mn |
| Mar 31, 2022 | 1.32 Bn |
| Dec 31, 2021 | 667.30 Mn |
| Sep 30, 2021 | 883.96 Mn |
| Jun 30, 2021 | 866.04 Mn |
| Mar 31, 2021 | 866.22 Mn |