Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) Gross Profit (2014 - 2025)

Houlihan Lokey (HLI) posted Gross Profit of $698.0 million for Q4 2025, up 8.25% on a QoQ basis from $644.8 million in Q3 2025, and up 13.02% year-over-year from $617.5 million in Q4 2024.

Analysis

Houlihan Lokey (HLI) Gross Profit (2014 - 2025) Analysis & Trends

Houlihan Lokey has reported Gross Profit for 12 years, with the latest figure at $698.0 million in Q4 2025.

  • On a quarterly basis, Gross Profit rose 13.02% year-over-year to $698.0 million in Q4 2025; TTM through Dec 2025 was $2.6 billion, a 18.34% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, up 25.05% from the prior year.
  • Gross Profit was $698.0 million for Q4 2025 at Houlihan Lokey, up from $644.8 million in the prior quarter.
  • The five-year high for Gross Profit was $870.9 million in Q4 2021, with the low at $245.2 million in Q1 2022.
  • Average Gross Profit over 5 years is $517.3 million, with a median of $495.4 million recorded in 2023.
  • The sharpest annual moves came in 2021 and 2022: Gross Profit soared 93.45% in 2021, then tumbled 49.97% in 2022.
  • Over 5 years, Gross Profit stood at $870.9 million in 2021, then sank by 49.89% to $436.4 million in 2022, then grew by 13.15% to $493.9 million in 2023, then gained by 25.04% to $617.5 million in 2024, then advanced by 13.02% to $698.0 million in 2025.
  • The last three Gross Profit figures came in at $698.0 million (Q4 2025), $644.8 million (Q3 2025), and $585.0 million (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn
3 Houlihan Lokey 9.07 Bn 7.99 Bn -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn -
5 PJT Partners 5.75 Bn 5.81 Bn 481.98 Mn
6 Moelis 5.25 Bn 5.17 Bn -
7 Piper Sandler Companies 4.88 Bn 4.77 Bn -
8 Lazard 3.95 Bn 2.96 Bn -
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 697.95 Mn
Sep 30, 2025 644.79 Mn
Jun 30, 2025 585.00 Mn
Mar 31, 2025 651.03 Mn
Dec 31, 2024 617.52 Mn
Sep 30, 2024 554.93 Mn
Jun 30, 2024 497.00 Mn
Mar 31, 2024 509.61 Mn
Dec 31, 2023 493.86 Mn
Sep 30, 2023 452.26 Mn
Jun 30, 2023 399.89 Mn
Mar 31, 2023 435.49 Mn
Dec 31, 2022 436.45 Mn
Sep 30, 2022 467.14 Mn
Jun 30, 2022 402.75 Mn
Mar 31, 2022 245.15 Mn
Dec 31, 2021 870.92 Mn
Sep 30, 2021 524.55 Mn
Jun 30, 2021 369.73 Mn
Mar 31, 2021 490.00 Mn