Houlihan Lokey, Inc. (HLI) stock
Close on Nov 12, 2026Market cap $9.96BP/E 24.0Yield –
Houlihan Lokey, Inc. saw revenue fall 0.4% to $2.56B over the twelve months to Sep 30, 2026. Operating income fell 0.1% to $517.88M, moving the operating margin from 20.2% to 20.3%. Free cash flow was $401.82M, down 48.7% from a year earlier. At the latest close the market valued the company at $9.96B, 24.0 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $9.96B
- P/E ratio
- 24.0
- Price to sales
- 3.90
- Price to book
- 4.32
- Dividend yield
- –
- Free cash flow yield
- 4.04%
Fundamentals
- Revenue
- $2.56B
- Net income
- $403.38M
- EPS, diluted
- $5.97
- Free cash flow
- $401.82M
- Book value per share
- $34.43
- Diluted shares
- 67M
Trading
- Next earnings
- Jan 28, 2027 (estimated, after the close)
- Previous close
- $146.17
- Open
- $146.24
- Day's range
- $142.91 – $146.49
- Volume
- 558,725
- Average volume (20 days)
- 791,624
- Index membership
- S&P MidCap 400 (since Feb 2024), Russell 1000 (since Jun 2023), Russell 3000
- Beta (5 years)
- 0.87
- 52-week range
- $112.83 – $195.06
- RSI (14 days)
- 56.2
- Volatility (1 year)
- 31.0%
- Relative volume
- 0.64×
- WACC
- 9.2%
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2015, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | HLI | S&P 500 | Difference | HLI per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +10.0% | -2.7% | +12.7 pts | ||
| 3 months | +16.8% | -1.7% | +18.6 pts | ||
| Year to date | -16.5% | +11.9% | −28.4 pts | ||
| 1 year | -20.9% | +12.0% | −32.9 pts | ||
| 3 years | +46.5% | +78.2% | −31.6 pts | +13.6% | +21.2% |
| 5 years | +33.0% | +73.2% | −40.2 pts | +5.9% | +11.6% |
| 10 years | +620.0% | +309.6% | +310.4 pts | +21.8% | +15.1% |
Fourteen years at a glance
Fiscal years 2013 to 2026 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Houlihan Lokey filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Results
- Results
- Results
About Houlihan Lokey
Investment Advice
Houlihan Lokey, Inc. is an independent global investment bank providing financial advisory services across three primary business segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. Corporate Finance specializes in sell-side and buy-side mergers and acquisitions, primarily for mid-cap transactions, alongside capital solutions and financing advisory. Financial Restructuring advises on out-of-court recapitalizations and formal bankruptcy proceedings for distressed situations. The Financial and Valuation Advisory group offers valuation opinions, financial consulting, tax analyses, and dispute resolution services. The firm serves corporations ranging from closely held businesses to large multinational enterprises, as well as financial sponsors, government agencies, boards, and creditor groups.
Company profile, executives and historyHoulihan Lokey stock: common questions
What is Houlihan Lokey's stock price?
HLI closed at $143.43 on Nov 12, 2026, down 1.87% on the day. Over the past 52 weeks it traded between $112.83 and $195.06.
What is Houlihan Lokey's market cap?
Houlihan Lokey was worth $9.96B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is HLI's P/E ratio?
HLI trades at 24.0 times earnings, based on diluted earnings per share of $5.97 over the twelve months to Sep 30, 2026.
How much revenue does Houlihan Lokey make?
Houlihan Lokey reported revenue of $2.56B for the twelve months to Sep 30, 2026, down 0.4% from a year earlier.
Does Houlihan Lokey pay a dividend?
No. Houlihan Lokey has not paid a cash dividend over the last twelve months.
When does Houlihan Lokey report earnings next?
Houlihan Lokey is expected to report Q3 FY2027 results on Jan 28, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has HLI stock performed over the past year?
Including dividends, HLI returned -20.9% over the past year, against +12.0% for the S&P 500.
How many HLI shares are sold short?
2M shares were sold short at the latest FINRA report, 6.11% of the float, or 2.9 days of average trading volume.
Who are Houlihan Lokey's competitors?
Companies most similar to Houlihan Lokey by business, industry and size include PJT, LAZ, EVR, RILY, FHI.
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