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

Houlihan Lokey (HLI) posted quarterly Invested Capital of $2.3 billion for Q4 2025, up 10.25% year-over-year from $2.1 billion in Q4 2024, and up 2.09% on a QoQ basis from $2.2 billion in Q3 2025.

Houlihan Lokey (HLI) Invested Capital (2014 - 2025) Analysis & Trends

Houlihan Lokey (HLI) has reported Invested Capital for 12 consecutive years, with $2.3 billion the latest figure, recorded in 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 came in at $2.3 billion for Q4 2025 at Houlihan Lokey, up from $2.2 billion in the prior quarter.
  • The five-year high for Invested Capital was $2.3 billion in Q4 2025, with the low at -$62.8 million in Q1 2023.
  • Average Invested Capital over 5 years is $977.7 million, with a median of $790.6 million recorded in 2021.
  • Across the five-year window, Invested Capital plunged 349066.67% in 2023 and jumped 12238376.47% in 2024, its largest moves.
  • Year by year, Invested Capital stood at $17000.0 in 2021, then rose by 5.88% to $18000.0 in 2022, then decreased by 5.56% to $17000.0 in 2023, then surged by 12238376.47% to $2.1 billion in 2024, then rose by 10.25% to $2.3 billion in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered $2.3 billion, $2.2 billion, and $2.2 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 486.95 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 122.78 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 49.23 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 6.75 Bn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 9.69 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 12.87 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 7.31 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 3.43 Bn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.94 Bn
10 Houlihan Lokey 9.19 Bn 8.14 Bn 697.95 Mn 2.29 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 2.29 Bn
Sep 30, 2025 2.25 Bn
Jun 30, 2025 2.18 Bn
Mar 31, 2025 2.17 Bn
Dec 31, 2024 2.08 Bn
Sep 30, 2024 1.96 Bn
Jun 30, 2024 1.83 Bn
Mar 31, 2024 1.84 Bn
Dec 31, 2023 17,000.00
Sep 30, 2023 52,000.00
Jun 30, 2023 51,000.00
Mar 31, 2023 -62.81 Mn
Dec 31, 2022 18,000.00
Sep 30, 2022 981.20 Mn
Jun 30, 2022 19,000.00
Mar 31, 2022 18,000.00
Dec 31, 2021 17,000.00
Sep 30, 2021 1.44 Bn
Jun 30, 2021 51,000.00
Mar 31, 2021 600.10 Mn