Growth Metrics

Houlihan Lokey (HLI) Net Margin (2016 - 2025)

Houlihan Lokey's Net Margin history spans 12 years, with the latest figure at 16.25% for Q4 2025.

  • For Q4 2025, Net Margin rose 123.0% year-over-year to 16.25%; the TTM value through Dec 2025 reached 16.91%, up 91.0%, while the annual FY2025 figure was 16.73%, 209.0% up from the prior year.
  • Net Margin reached 16.25% in Q4 2025 per HLI's latest filing, down from 16.95% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 24.95% in Q1 2022 to a low of 12.41% in Q3 2022.
  • Average Net Margin over 5 years is 16.99%, with a median of 16.26% recorded in 2024.
  • Peak YoY movement for Net Margin: surged 511bps in 2022, then crashed -1154bps in 2023.
  • A 5-year view of Net Margin shows it stood at 19.61% in 2021, then decreased by -30bps to 13.81% in 2022, then increased by 0bps to 13.85% in 2023, then increased by 8bps to 15.02% in 2024, then grew by 8bps to 16.25% in 2025.
  • Per Business Quant, the three most recent readings for HLI's Net Margin are 16.25% (Q4 2025), 16.95% (Q3 2025), and 16.11% (Q2 2025).