Houlihan Lokey (HLI) Restructuring Costs (2023 - 2025)
Houlihan Lokey (HLI) posted Restructuring Costs of $17.6 million for Q4 2025, little changed on a QoQ basis from $17.6 million in Q3 2025, and up 37.29% year-over-year from $12.8 million in Q4 2024.
Analysis
Houlihan Lokey (HLI) Restructuring Costs (2023 - 2025) Analysis & Trends
Houlihan Lokey has reported Restructuring Costs for 3 years, with the latest figure at $17.6 million in Q4 2025.
- On a quarterly basis, Restructuring Costs rose 37.29% year-over-year to $17.6 million in Q4 2025; TTM through Dec 2025 was $76.9 million, a 76.66% increase from a year earlier, with the FY2025 full-year figure at $54.8 million, up 51.18% from the prior year.
- Restructuring Costs was $17.6 million for Q4 2025 at Houlihan Lokey, roughly flat from $17.6 million in the prior quarter.
- The five-year high for Restructuring Costs was $21.0 million in Q2 2025, with the low at $7.0 million in Q3 2024.
- Average Restructuring Costs over 3 years is $13.9 million, with a median of $13.5 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Restructuring Costs slipped 24.66% in 2024, then surged 150.64% in 2025.
- Over 3 years, Restructuring Costs stood at $9.7 million in 2023, then surged by 32.02% to $12.8 million in 2024, then jumped by 37.29% to $17.6 million in 2025.
- The last three Restructuring Costs figures came in at $17.6 million (Q4 2025), $17.6 million (Q3 2025), and $21.0 million (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 | 17.57 Mn |
| Sep 30, 2025 | 17.64 Mn |
| Jun 30, 2025 | 21.00 Mn |
| Mar 31, 2025 | 20.69 Mn |
| Dec 31, 2024 | 12.80 Mn |
| Sep 30, 2024 | 7.04 Mn |
| Jun 30, 2024 | 14.25 Mn |
| Mar 31, 2024 | 9.45 Mn |
| Dec 31, 2023 | 9.69 Mn |
| Sep 30, 2023 | 9.34 Mn |