Houlihan Lokey (HLI) Net Income (2014 - 2025)
Houlihan Lokey (HLI) posted Net Income of $116.5 million for Q4 2025, up 4.26% on a QoQ basis from $111.8 million in Q3 2025, and up 22.29% year-over-year from $95.3 million in Q4 2024.
Analysis
Houlihan Lokey (HLI) Net Income (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported Net Income for 12 years, with the latest figure at $116.5 million in Q4 2025.
- On a quarterly basis, Net Income rose 22.29% year-over-year to $116.5 million in Q4 2025; TTM through Dec 2025 was $448.2 million, a 24.91% increase from a year earlier, with the FY2025 full-year figure at $399.7 million, up 42.6% from the prior year.
- Net Income was $116.5 million for Q4 2025 at Houlihan Lokey, up from $111.8 million in the prior quarter.
- The five-year high for Net Income was $174.3 million in Q4 2021, with the low at $59.7 million in Q1 2023.
- Average Net Income over 5 years is $89.9 million, with a median of $87.4 million recorded in 2021.
- The sharpest annual moves came in 2021 and 2022: Net Income jumped 131.37% in 2021, then plunged 63.83% in 2022.
- Over 5 years, Net Income stood at $174.3 million in 2021, then slumped by 63.83% to $63.1 million in 2022, then increased by 12.29% to $70.8 million in 2023, then soared by 34.6% to $95.3 million in 2024, then climbed by 22.29% to $116.5 million in 2025.
- The last three Net Income figures came in at $116.5 million (Q4 2025), $111.8 million (Q3 2025), and $98.0 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Evercore | 10.14 Bn | 8.05 Bn | 975.67 Mn | 106.50 Mn |
| 2 | Jefferies Financial | 9.74 Bn | -5.67 Bn | 3.09 Bn | 249.95 Mn |
| 3 | Houlihan Lokey | 9.07 Bn | 7.99 Bn | - | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - | -8,222.00 |
| 5 | PJT Partners | 5.75 Bn | 5.81 Bn | 481.98 Mn | 81.29 Mn |
| 6 | Moelis | 5.25 Bn | 5.17 Bn | - | 55.13 Mn |
| 7 | Piper Sandler Companies | 4.88 Bn | 4.77 Bn | - | 70.10 Mn |
| 8 | Lazard | 3.95 Bn | 2.96 Bn | - | -8.80 Mn |
| 9 | BRBI BR Partners | 3.50 Bn | 3.38 Bn | 16.77 Mn | 9.57 Mn |
| 10 | Perella Weinberg Partners | 1.40 Bn | 1.59 Bn | - | 6.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 116.55 Mn |
| Sep 30, 2025 | 111.78 Mn |
| Jun 30, 2025 | 98.00 Mn |
| Mar 31, 2025 | 121.92 Mn |
| Dec 31, 2024 | 95.30 Mn |
| Sep 30, 2024 | 93.55 Mn |
| Jun 30, 2024 | 88.94 Mn |
| Mar 31, 2024 | 81.08 Mn |
| Dec 31, 2023 | 70.80 Mn |
| Sep 30, 2023 | 67.03 Mn |
| Jun 30, 2023 | 61.39 Mn |
| Mar 31, 2023 | 59.66 Mn |
| Dec 31, 2022 | 63.05 Mn |
| Sep 30, 2022 | 60.73 Mn |
| Jun 30, 2022 | 70.78 Mn |
| Mar 31, 2022 | 65.17 Mn |
| Dec 31, 2021 | 174.31 Mn |
| Sep 30, 2021 | 112.88 Mn |
| Jun 30, 2021 | 85.96 Mn |
| Mar 31, 2021 | 99.37 Mn |