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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |