Houlihan Lokey (HLI) Return on Assets [ROA] (2015 - 2025)
Houlihan Lokey's Return on Assets [ROA] came in at 11.60% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 0.87 percentage points from 10.73% a year earlier but down 0.08 percentage points from the prior quarter.
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Analysis
Houlihan Lokey (HLI) Return on Assets [ROA] (2015 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Houlihan Lokey's Return on Assets [ROA] was 11.44%, up 2.30 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of -0.41 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Assets [ROA] was 9.13% in FY2024 (+0.45 pp), 8.68% in FY2023 (-7.82 pp), 16.50% in FY2022 (+1.25 pp) and 15.25% in FY2021 (+3.40 pp).
- The five-year range for quarterly Return on Assets [ROA] is 8.63% (fiscal Q1 2024) to 18.50% (fiscal Q2 2022).
- Year-over-year, Return on Assets [ROA] has increased for eight consecutive quarters, with an average year-over-year change of +1.20 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in fiscal Q2 2022 (a gain of 7.02 percentage points), and the weakest in fiscal Q3 2023 (a drop of 7.47 percentage points).
- Business Quant data shows HLI's Return on Assets [ROA] at 11.68% (Q2 2026), 11.14% (Q1 2026) and 10.96% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.93 Bn | 98.03 Bn | - | 2.16% |
| 2 | Intercontinental Exchange | 91.85 Bn | 85.66 Bn | - | 2.32% |
| 3 | Robinhood Markets | 86.83 Bn | 67.92 Bn | - | 4.08% |
| 4 | Nasdaq | 57.69 Bn | 55.13 Bn | 1.48 Bn | 7.61% |
| 5 | Interactive Brokers | 37.07 Bn | 30.53 Bn | - | 2.10% |
| 6 | Cboe Global Markets | 34.37 Bn | 26.02 Bn | 731.60 Mn | 12.48% |
| 7 | Tradeweb Markets | 28.54 Bn | 21.25 Bn | - | 12.30% |
| 8 | LPL Financial Holdings | 25.11 Bn | 20.43 Bn | - | 5.21% |
| 9 | Circle Internet | 20.23 Bn | 14.11 Bn | 288.85 Mn | 0.57% |
| 10 | Houlihan Lokey | 9.26 Bn | 5.41 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.60% |
| Sep 30, 2025 | 11.68% |
| Jun 30, 2025 | 11.14% |
| Mar 31, 2025 | 10.96% |
| Dec 31, 2024 | 10.73% |
| Sep 30, 2024 | 10.86% |
| Jun 30, 2024 | 10.07% |
| Mar 31, 2024 | 9.15% |
| Dec 31, 2023 | 9.02% |
| Sep 30, 2023 | 9.15% |
| Jun 30, 2023 | 8.63% |
| Mar 31, 2023 | 9.01% |
| Dec 31, 2022 | 10.02% |
| Sep 30, 2022 | 15.00% |
| Jun 30, 2022 | 15.90% |
| Mar 31, 2022 | 14.78% |
| Dec 31, 2021 | 17.49% |
| Sep 30, 2021 | 18.50% |
| Jun 30, 2021 | 15.42% |
| Mar 31, 2021 | 13.76% |
API Access
Houlihan Lokey Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=HLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=HLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();