Houlihan Lokey HLI
NYSE HLI
$130.49 -2.20 (-1.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Houlihan Lokey (HLI) Price to Sales (2015 - 2025)

Houlihan Lokey (HLI) posted Price to Sales of 16.93 for Q4 2025, down 22.48% on a QoQ basis from 21.84 in Q3 2025, and down 6.06% year-over-year from 18.02 in Q4 2024.

Analysis

Houlihan Lokey (HLI) Price to Sales (2015 - 2025) Analysis & Trends

Houlihan Lokey has reported Price to Sales for 11 years, with the latest figure at 16.93 in Q4 2025.

  • On a quarterly basis, Price to Sales fell 6.06% year-over-year to 16.93 in Q4 2025; TTM through Dec 2025 was 4.58, a 10.04% decrease from a year earlier, with the FY2025 full-year figure at 4.72, up 2.03% from the prior year.
  • Price to Sales was 16.93 for Q4 2025 at Houlihan Lokey, down from 21.84 in the prior quarter.
  • The five-year high for Price to Sales was 21.84 in Q1 2022, with the low at 7.56 in Q4 2021.
  • Average Price to Sales over 5 years is 15.03, with a median of 15.1 recorded in 2023.
  • The sharpest annual moves came in 2022 and 2023: Price to Sales jumped 149.92% in 2022, then tumbled 42.93% in 2023.
  • Over 5 years, Price to Sales stood at 7.56 in 2021, then surged by 60.06% to 12.1 in 2022, then climbed by 24.87% to 15.11 in 2023, then climbed by 19.25% to 18.02 in 2024, then retreated by 6.06% to 16.93 in 2025.
  • The last three Price to Sales figures came in at 16.93 (Q4 2025), 21.84 (Q3 2025), and 19.7 (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Evercore 10.14 Bn 8.05 Bn 975.67 Mn
2 Jefferies Financial 9.74 Bn -5.67 Bn 3.09 Bn
3 Houlihan Lokey 9.07 Bn 7.99 Bn -
4 Cluster Group Holdings 8.00 Bn 8.00 Bn -
5 PJT Partners 5.75 Bn 5.81 Bn 481.98 Mn
6 Moelis 5.25 Bn 5.17 Bn -
7 Piper Sandler Companies 4.88 Bn 4.77 Bn -
8 Lazard 3.95 Bn 2.96 Bn -
9 BRBI BR Partners 3.50 Bn 3.38 Bn 16.77 Mn
10 Perella Weinberg Partners 1.40 Bn 1.59 Bn -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 16.93
Sep 30, 2025 21.84
Jun 30, 2025 19.70
Mar 31, 2025 16.93
Dec 31, 2024 18.02
Sep 30, 2024 18.09
Jun 30, 2024 17.08
Mar 31, 2024 17.02
Dec 31, 2023 15.11
Sep 30, 2023 14.81
Jun 30, 2023 15.09
Mar 31, 2023 12.46
Dec 31, 2022 12.10
Sep 30, 2022 9.77
Jun 30, 2022 11.93
Mar 31, 2022 21.84
Dec 31, 2021 7.56
Sep 30, 2021 11.17
Jun 30, 2021 14.42
Mar 31, 2021 8.74