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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 (HLI) has 12 years of Operating Margin data on record, last reported at 22.41% in Q4 2025.

  • For Q4 2025, Operating Margin rose 96.0% year-over-year to 22.41%; the TTM value through Dec 2025 reached 20.43%, down 26.0%, 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.
  • Across five years, Operating Margin topped out at 29.28% in Q3 2021 and bottomed at 14.83% in Q2 2025.
  • Average Operating Margin over 5 years is 21.5%, with a median of 20.63% recorded in 2025.
  • Peak YoY movement for Operating Margin: surged 872bps in 2021, then crashed -1102bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 28.04% in 2021, then plummeted by -34bps to 18.44% in 2022, then increased by 2bps to 18.89% in 2023, then grew by 14bps to 21.45% in 2024, then grew by 4bps to 22.41% in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Margin were 22.41% in Q4 2025, 22.95% in Q3 2025, and 14.83% in Q2 2025.