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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 (HLI) has 12 years of Gross Margin data on record, last reported at 97.33% in 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.
  • Across five years, Gross Margin topped out at 99.2% in Q2 2021 and bottomed at 95.43% in Q3 2022.
  • Average Gross Margin over 5 years is 97.09%, with a median of 97.09% recorded in 2023.
  • Peak YoY movement for Gross Margin: crashed -299bps in 2022, then surged 142bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 97.99% in 2021, then decreased by -2bps to 95.61% in 2022, then increased by 1bps to 96.62% in 2023, then rose by 1bps to 97.34% in 2024, then decreased by 0bps to 97.33% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 97.33% in Q4 2025, 97.78% in Q3 2025, and 96.51% in Q2 2025.