Houlihan Lokey (HLI) Payout Ratio (2014 - 2025)
Houlihan Lokey (HLI) posted Payout Ratio of 0.35 for Q4 2025, down 5.54% on a QoQ basis from 0.37 in Q3 2025, and down 10.27% year-over-year from 0.39 in Q4 2024.
Analysis
Houlihan Lokey (HLI) Payout Ratio (2014 - 2025) Analysis & Trends
Houlihan Lokey has reported Payout Ratio for 12 years, with the latest figure at 0.35 in Q4 2025.
- On a quarterly basis, Payout Ratio fell 10.27% year-over-year to 0.35 in Q4 2025; TTM through Dec 2025 was 0.39, a 14.44% decrease from a year earlier, with the FY2025 full-year figure at 0.41, down 21.96% from the prior year.
- Payout Ratio was 0.35 for Q4 2025 at Houlihan Lokey, down from 0.37 in the prior quarter.
- The five-year high for Payout Ratio was 0.68 in Q2 2023, with the low at 0.16 in Q4 2021.
- Average Payout Ratio over 5 years is 0.44, with a median of 0.43 recorded in 2022.
- The sharpest annual moves came in 2021 and 2022: Payout Ratio sank 44.82% in 2021, then surged 239.74% in 2022.
- Over 5 years, Payout Ratio stood at 0.16 in 2021, then soared by 239.74% to 0.54 in 2022, then dropped by 7.62% to 0.5 in 2023, then retreated by 22.53% to 0.39 in 2024, then fell by 10.27% to 0.35 in 2025.
- The last three Payout Ratio figures came in at 0.35 (Q4 2025), 0.37 (Q3 2025), and 0.54 (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jefferies Financial | 11.33 Bn | -4.12 Bn | 3.09 Bn |
| 2 | Evercore | 10.94 Bn | 8.53 Bn | 975.67 Mn |
| 3 | Houlihan Lokey | 9.09 Bn | 7.90 Bn | - |
| 4 | Cluster Group Holdings | 8.00 Bn | 8.00 Bn | - |
| 5 | Piper Sandler Companies | 5.16 Bn | 4.85 Bn | - |
| 6 | Moelis | 4.85 Bn | 4.65 Bn | - |
| 7 | PJT Partners | 4.61 Bn | 3.99 Bn | 481.98 Mn |
| 8 | Lazard | 4.25 Bn | 3.15 Bn | - |
| 9 | BRBI BR Partners | 3.58 Bn | 3.46 Bn | 16.77 Mn |
| 10 | Oppenheimer Holdings | 1.32 Bn | -246.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.35 |
| Sep 30, 2025 | 0.37 |
| Jun 30, 2025 | 0.54 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.41 |
| Jun 30, 2024 | 0.58 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.50 |
| Sep 30, 2023 | 0.53 |
| Jun 30, 2023 | 0.68 |
| Mar 31, 2023 | 0.54 |
| Dec 31, 2022 | 0.54 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.16 |
| Sep 30, 2021 | 0.25 |
| Jun 30, 2021 | 0.36 |
| Mar 31, 2021 | 0.22 |