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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's Operating Margin history spans 12 years, with the latest figure 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 reached 22.41% in Q4 2025 per HLI's latest filing, down from 22.95% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 37.75% in Q1 2022 to a low of 14.83% in Q2 2025.
  • Average Operating Margin over 5 years is 22.35%, with a median of 20.69% recorded in 2023.
  • Peak YoY movement for Operating Margin: surged 974bps in 2022, then tumbled -1738bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 28.04% in 2021, then tumbled by -34bps to 18.44% in 2022, then rose by 2bps to 18.89% in 2023, then increased by 14bps to 21.45% in 2024, then increased by 4bps to 22.41% in 2025.
  • Per Business Quant, the three most recent readings for HLI's Operating Margin are 22.41% (Q4 2025), 22.95% (Q3 2025), and 14.83% (Q2 2025).