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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 has reported Gross Margin over the past 12 years, most recently 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 for Q4 2025 was 97.33% at Houlihan Lokey, roughly flat from 97.78% in the prior quarter.
  • Over five years, Gross Margin peaked at 99.2% in Q2 2021 and troughed at 93.86% in Q1 2022.
  • A 5-year average of 96.96% and a median of 97.09% in 2023 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: tumbled -401bps in 2022 and later soared 406bps in 2023.
  • Year by year, Gross Margin stood at 97.99% in 2021, then dropped by -2bps to 95.61% in 2022, then grew by 1bps to 96.62% in 2023, then increased by 1bps to 97.34% in 2024, then dropped by 0bps to 97.33% in 2025.
  • Business Quant data shows Gross Margin for HLI at 97.33% in Q4 2025, 97.78% in Q3 2025, and 96.51% in Q2 2025.