Houlihan Lokey (HLI) vs Victory Capital (VCTR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Victory Capital (VCTR) has outperformed Houlihan Lokey (HLI) over the past year, gaining 68.3% versus a loss of 35.6%. Over five years, VCTR leads with a +203.4% price change compared with +23.6% for HLI. Houlihan Lokey is the larger company by market cap ($8.75 billion vs $6.88 billion), about 1.3 times the size, while Victory Capital is growing revenue faster (+46.2% vs +9.5%).
On valuation, Victory Capital trades at a lower forward P/E (13.0x vs 14.4x for Houlihan Lokey). Houlihan Lokey offers the higher dividend yield (2.00% vs 1.76%). Victory Capital converts more of its revenue into profit, with a net margin of 25.3% versus 16.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HLI | VCTR |
|---|---|---|
| Share price | $125.22 | $111.85 |
| Market cap | $8.75B | $6.88B |
| 1-day change | -2.13% | -1.76% |
| YTD return | -28.11% | +77.29% |
| 1-year return | -35.56% | +68.30% |
| 5-year return | +23.61% | +203.36% |
| P/E ratio (TTM) | 21.01 | 20.83 |
| Forward P/E | 14.35 | 13.05 |
| EPS (TTM) | $5.96 | $5.37 |
| Dividend yield | 2.00% | 1.76% |
| Annual dividend | $2.50 | $1.97 |
| Revenue (latest FY) | $2.62B | $1.31B |
| Revenue growth (YoY) | +9.55% | +46.19% |
| Net income (latest FY) | $425.70M | $330.06M |
| Operating margin | 20.13% | 36.63% |
| Net margin | 16.26% | 25.27% |
| 52-week high | $204.18 | $123.55 |
| 52-week low | $112.83 | $57.03 |
| Distance from 52-week high | -38.67% | -9.47% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +23.38% | +6.10% |
| Average volume | 904.42K | 633.13K |
| Shares outstanding | 54.20M | 61.51M |
| Employees | 2,800 | 699 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- VCTR has outperformed HLI by 103.9 percentage points over the past year.
- Victory Capital is more profitable, keeping 25.3 cents of every revenue dollar as net income versus 16.3 cents for Houlihan Lokey.
- Victory Capital grew revenue faster in its latest fiscal year (+46.19% vs +9.55%).
About Houlihan Lokey
HLI stock →Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA).
Finance · Investment Managers · 2,800 employees
About Victory Capital
VCTR stock →Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
Finance · Investment Managers · 699 employees
HLI vs VCTR FAQ
Which is bigger, Houlihan Lokey or Victory Capital?
Houlihan Lokey (HLI) is larger, with a market capitalization of $8.75B compared with $6.88B for Victory Capital (VCTR).
Which stock has performed better over the past year, HLI or VCTR?
VCTR returned +68.30% over the past 12 months, compared with -35.56% for HLI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HLI or VCTR?
VCTR has the lower trailing P/E at 20.8, versus 21.0 for HLI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Houlihan Lokey or Victory Capital?
Houlihan Lokey has the higher yield at 2.00%, compared with 1.76% for Victory Capital.
Are Houlihan Lokey and Victory Capital in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.