Houlihan Lokey (HLI) Price to Sales (2015 - 2025)
Houlihan Lokey's Price to Sales came in at 4.58 for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 10.0% from 5.10 a year earlier and down 18.3% from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Price to Sales (2015 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Houlihan Lokey's Price to Sales was 4.72, up 2.0% from FY2024.
- Price to Sales has increased in each of the last three fiscal years.
- Going back by fiscal year, Price to Sales was 4.63 in FY2024 (+51.0%), 3.06 in FY2023 (+21.9%), 2.51 in FY2022 (-12.4%) and 2.87 in FY2021 (+2.7%).
- The fiscal Q3 2026 figure represents the lowest quarterly Price to Sales since fiscal Q1 2025.
- Year-over-year, Price to Sales increased in seven of the last eight quarters, with growth averaging 17.6%.
- The fastest year-over-year change in Price to Sales over five years came in fiscal Q2 2024 (growth of 83.9%), and the weakest in fiscal Q1 2023 (a decline of 32.3%).
- Business Quant data shows HLI's Price to Sales at 5.61 (Q2 2026), 4.81 (Q1 2026) and 4.72 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 110.79 Bn | 98.88 Bn | - |
| 2 | Intercontinental Exchange | 92.42 Bn | 86.16 Bn | - |
| 3 | Robinhood Markets | 86.87 Bn | 67.91 Bn | - |
| 4 | Nasdaq | 57.75 Bn | 55.18 Bn | 1.48 Bn |
| 5 | Interactive Brokers | 36.27 Bn | 13.38 Bn | - |
| 6 | Cboe Global Markets | 35.30 Bn | 26.96 Bn | 731.60 Mn |
| 7 | Tradeweb Markets | 25.95 Bn | 17.97 Bn | - |
| 8 | LPL Financial Holdings | 25.14 Bn | 20.46 Bn | - |
| 9 | Circle Internet | 21.72 Bn | 15.59 Bn | 288.85 Mn |
| 10 | Houlihan Lokey | 8.71 Bn | 4.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.58 |
| Sep 30, 2025 | 5.61 |
| Jun 30, 2025 | 4.81 |
| Mar 31, 2025 | 4.72 |
| Dec 31, 2024 | 5.10 |
| Sep 30, 2024 | 4.91 |
| Jun 30, 2024 | 4.36 |
| Mar 31, 2024 | 4.63 |
| Dec 31, 2023 | 4.20 |
| Sep 30, 2023 | 3.88 |
| Jun 30, 2023 | 3.47 |
| Mar 31, 2023 | 3.06 |
| Dec 31, 2022 | 3.01 |
| Sep 30, 2022 | 2.11 |
| Jun 30, 2022 | 2.16 |
| Mar 31, 2022 | 2.51 |
| Dec 31, 2021 | 2.92 |
| Sep 30, 2021 | 3.08 |
| Jun 30, 2021 | 3.19 |
| Mar 31, 2021 | 2.87 |
API Access
Houlihan Lokey Price to Sales 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-sales&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();