Houlihan Lokey Financial Ratios
NYSE: HLIFinanceInvestment ManagersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Houlihan Lokey ratio analysis
Houlihan Lokey earned a net margin of 16.3% in FY 2026, down from 16.7% a year earlier. Return on equity reached 18.2%, meaning Houlihan Lokey generated 0.18 dollars of profit for every dollar of shareholders' equity. At the end of FY 2026, HLI traded at 22.7 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 13.9 to 31.2, with a median of 20.9.
Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Houlihan Lokey financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 22.72 | 25.15 | 31.19 | 23.27 | 13.88 | 15.08 | 20.74 | 18.95 | 17.15 | 21.13 |
| Price / sales | 3.59 | 4.03 | 4.31 | 3.06 | 2.55 | 2.96 | 3.11 | 2.63 | 2.89 | 2.41 |
| Price / book | 4.02 | 4.42 | 4.49 | 3.44 | 4.01 | 3.26 | 3.67 | 3.20 | 3.27 | 2.90 |
| Gross margin | — | 32.3% | 29.8% | 30.8% | 35.0% | 34.2% | 27.8% | 28.2% | 28.8% | 27.7% |
| Operating margin | 20.1% | 21.0% | 19.5% | 18.9% | 27.0% | 26.8% | 19.8% | 20.2% | 22.3% | 20.9% |
| Net margin | 16.3% | 16.7% | 14.6% | 14.0% | 19.3% | 20.5% | 15.9% | 14.7% | 17.9% | 12.4% |
| Free cash flow margin | 26.0% | 33.9% | 13.7% | 4.7% | 32.1% | 37.1% | 23.0% | 20.1% | 25.2% | 27.2% |
| Return on equity (ROE) | 18.2% | 18.4% | 15.3% | 15.8% | 30.3% | 22.6% | 18.7% | 17.9% | 20.2% | 14.9% |
| Return on assets (ROA) | 9.9% | 10.5% | 8.8% | 8.6% | 15.2% | 12.9% | 11.0% | 11.2% | 12.1% | 7.8% |
| Debt / equity | — | — | — | — | — | 0.04 | 0.04 | 0.03 | 0.01 | 0.04 |
| Revenue growth | 9.5% | 24.8% | 5.8% | -20.3% | 48.8% | 31.6% | 6.9% | 12.6% | 10.5% | — |
| EPS growth | 6.9% | 41.6% | 9.3% | -41.3% | 40.9% | 62.5% | 15.7% | -6.9% | 59.5% | 48.2% |