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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |