Houlihan Lokey (HLI) Invested Capital (2014 - 2025)

Houlihan Lokey's Invested Capital history runs 12 years deep, the most recent figure standing at $2.3 billion for Q4 2025.

• In Q4 2025, Invested Capital rose 10.25% year-over-year to $2.3 billion; the TTM figure through Dec 2025 stood at $2.3 billion (up 10.25% YoY), while the FY2025 annual figure was $2.2 billion, up 18.41% from the prior year.
• Invested Capital was $2.3 billion for Q4 2025 at Houlihan Lokey, up from $2.2 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $2.3 billion in Q4 2025 to a low of -$62.8 million in Q1 2023.
• Historically, Invested Capital has averaged $977.7 million across 5 years, with a median of $790.6 million in 2021.
• The sharpest annual moves came in 2023 and 2024: Invested Capital tumbled 349066.67% in 2023, then jumped 12238376.47% in 2024.
• A 5-year view of Invested Capital shows it stood at $17000.0 in 2021, then climbed by 5.88% to $18000.0 in 2022, then declined by 5.56% to $17000.0 in 2023, then surged by 12238376.47% to $2.1 billion in 2024, then climbed by 10.25% to $2.3 billion in 2025.
• The last three Invested Capital figures came in at $2.3 billion (Q4 2025), $2.2 billion (Q3 2025), and $2.2 billion (Q2 2025), per Business Quant data.