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
DateValue
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