Houlihan Lokey (HLI) Price to FCF (2015 - 2025)
Houlihan Lokey's Price to FCF came in at 16.43 for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 2.6% from 16.86 a year earlier and down 10.6% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Price to FCF (2015 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Houlihan Lokey's Price to FCF was 13.94, down 58.8% from FY2024.
- Going back by fiscal year, Price to FCF was 33.84 in FY2024 (-47.8%), 64.80 in FY2023 (+726.9%), 7.84 in FY2022 (+1.3%) and 7.73 in FY2021 (-36.3%).
- The five-year range for quarterly Price to FCF is 7.19 (fiscal Q3 2022) to 64.80 (fiscal Q4 2023).
- Year-over-year, Price to FCF has declined for eight consecutive quarters, with an average decline of 28.9% over the last eight quarters.
- The fastest year-over-year change in Price to FCF over five years came in fiscal Q4 2023 (growth of 726.9%), and the weakest in fiscal Q4 2025 (a decline of 58.8%).
- Business Quant data shows HLI's Price to FCF at 18.38 (Q2 2026), 16.12 (Q1 2026) and 13.94 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.11 Bn | 98.21 Bn | - |
| 2 | Intercontinental Exchange | 92.08 Bn | 85.82 Bn | - |
| 3 | Robinhood Markets | 87.20 Bn | 68.24 Bn | - |
| 4 | Nasdaq | 57.66 Bn | 55.09 Bn | 1.48 Bn |
| 5 | Interactive Brokers | 36.60 Bn | 13.71 Bn | - |
| 6 | Cboe Global Markets | 35.19 Bn | 26.85 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.93 Bn | 17.94 Bn | - |
| 8 | LPL Financial Holdings | 25.27 Bn | 20.59 Bn | - |
| 9 | Circle Internet | 21.71 Bn | 15.59 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.73 Bn | 4.77 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 16.43 |
| Sep 30, 2025 | 18.38 |
| Jun 30, 2025 | 16.12 |
| Mar 31, 2025 | 13.94 |
| Dec 31, 2024 | 16.86 |
| Sep 30, 2024 | 20.73 |
| Jun 30, 2024 | 26.14 |
| Mar 31, 2024 | 33.84 |
| Dec 31, 2023 | 28.85 |
| Sep 30, 2023 | 26.64 |
| Jun 30, 2023 | 28.67 |
| Mar 31, 2023 | 64.80 |
| Sep 30, 2022 | 11.96 |
| Jun 30, 2022 | 9.30 |
| Mar 31, 2022 | 7.84 |
| Dec 31, 2021 | 7.19 |
| Sep 30, 2021 | 8.68 |
| Jun 30, 2021 | 9.06 |
| Mar 31, 2021 | 7.73 |
| Dec 31, 2020 | 9.53 |
API Access
Houlihan Lokey Price to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-fcf&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "ticker": "HLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-fcf&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();