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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on Sales

Houlihan Lokey (HLI) Gross Margin (2016 - 2025)

Houlihan Lokey's Gross Margin history spans 12 years, with the latest figure at 97.33% for Q4 2025.

  • For Q4 2025, Gross Margin changed 0.0% year-over-year to 97.33%; the TTM value through Dec 2025 reached 97.35%, up 22.0%, while the annual FY2025 figure was 97.12%, 19.0% up from the prior year.
  • Gross Margin reached 97.33% in Q4 2025 per HLI's latest filing, roughly flat from 97.78% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.2% in Q2 2021 to a low of 93.86% in Q1 2022.
  • Average Gross Margin over 5 years is 96.96%, with a median of 97.09% recorded in 2023.
  • Peak YoY movement for Gross Margin: crashed -401bps in 2022, then skyrocketed 406bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 97.99% in 2021, then fell by -2bps to 95.61% in 2022, then rose by 1bps to 96.62% in 2023, then grew by 1bps to 97.34% in 2024, then fell by 0bps to 97.33% in 2025.
  • Per Business Quant, the three most recent readings for HLI's Gross Margin are 97.33% (Q4 2025), 97.78% (Q3 2025), and 96.51% (Q2 2025).