Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on Sales

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

Houlihan Lokey has reported Operating Margin over the past 12 years, most recently at 22.41% for Q4 2025.

  • For Q4 2025, Operating Margin rose 96.0% year-over-year to 22.41%; the TTM value through Dec 2025 reached 20.46%, down 23.0%, while the annual FY2025 figure was 20.99%, 204.0% up from the prior year.
  • Operating Margin for Q4 2025 was 22.41% at Houlihan Lokey, down from 22.95% in the prior quarter.
  • Over five years, Operating Margin peaked at 37.75% in Q1 2022 and troughed at 14.83% in Q2 2025.
  • A 5-year average of 22.35% and a median of 20.69% in 2023 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: skyrocketed 974bps in 2022 and later plummeted -1738bps in 2023.
  • Year by year, Operating Margin stood at 28.04% in 2021, then crashed by -34bps to 18.44% in 2022, then grew by 2bps to 18.89% in 2023, then rose by 14bps to 21.45% in 2024, then rose by 4bps to 22.41% in 2025.
  • Business Quant data shows Operating Margin for HLI at 22.41% in Q4 2025, 22.95% in Q3 2025, and 14.83% in Q2 2025.