Houlihan Lokey (HLI) Stock Overview
An investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for HLI from our risk checks.
HLI Community Fair Values
Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Houlihan Lokey, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$140.77 |
| 52 Week High | US$211.78 |
| 52 Week Low | US$133.83 |
| Beta | 0.95 |
| 1 Month Change | -7.16% |
| 3 Month Change | 0.25% |
| 1 Year Change | -18.62% |
| 3 Year Change | 49.98% |
| 5 Year Change | 74.13% |
| Change since IPO | 528.44% |
Recent News & Updates
Analysis Article • 21h
Houlihan Lokey (HLI) Stock Could Be 18.4% Undervalued After Strong Operating Momentum
Operational momentum behind Houlihan Lokey’s recent stock move Houlihan Lokey (HLI) has drawn fresh attention after recent coverage highlighted strong revenue and earnings per share growth, rising market share, and steady gains in tangible book value over the last two years. See our latest analysis for Houlihan Lokey. At a share price of $140.77, Houlihan Lokey’s recent 7 day share price return of 2.09% sits against a 30 day share price decline of 7.16% and a year to date share price decline...
Narrative Update • Jun 11
HLI: Active Advisory Mandates And Buybacks Will Support Future Upside Potential
Analysts have trimmed their price target on Houlihan Lokey by $2.00 to $172.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Houlihan Lokey's stock is reported to be down 21.1% over the past six months, recently trading at $139.43, after softer quarterly results raised concerns for some investors, according to recent coverage.
Narrative Update • May 28
HLI: Acquisition Pipeline And Buybacks Will Support Future Shareholder Returns
Analysts are maintaining their $200.00 price target for Houlihan Lokey, citing relatively steady assumptions on fair value, growth, margins, discount rate, and future P/E as the basis for their view. What's in the News GoPro, Inc.Recent updates
Analysis Article • 21h
Houlihan Lokey (HLI) Stock Could Be 18.4% Undervalued After Strong Operating Momentum
Operational momentum behind Houlihan Lokey’s recent stock move Houlihan Lokey (HLI) has drawn fresh attention after recent coverage highlighted strong revenue and earnings per share growth, rising market share, and steady gains in tangible book value over the last two years. See our latest analysis for Houlihan Lokey. At a share price of $140.77, Houlihan Lokey’s recent 7 day share price return of 2.09% sits against a 30 day share price decline of 7.16% and a year to date share price decline...Narrative Update • Jun 11
HLI: Active Advisory Mandates And Buybacks Will Support Future Upside Potential
Analysts have trimmed their price target on Houlihan Lokey by $2.00 to $172.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Houlihan Lokey's stock is reported to be down 21.1% over the past six months, recently trading at $139.43, after softer quarterly results raised concerns for some investors, according to recent coverage.Narrative Update • May 28
HLI: Acquisition Pipeline And Buybacks Will Support Future Shareholder Returns
Analysts are maintaining their $200.00 price target for Houlihan Lokey, citing relatively steady assumptions on fair value, growth, margins, discount rate, and future P/E as the basis for their view. What's in the News GoPro, Inc.Narrative Update • May 14
HLI: Acquisition Pipeline And Buybacks Will Support Future Upside Potential
Analysts have revised their price target for Houlihan Lokey from $242.55 to $200.00, reflecting updated views on fair value that incorporate slightly different assumptions for growth, margins, discount rate and future P/E. What's in the News Management highlighted that the acquisition pipeline is described as "as active as it has ever been," with a focus on deals that are viewed as accretive to shareholders and supported by balance sheet flexibility (Fiscal Year and Q4 2026 earnings call).Narrative Update • Apr 30
HLI: Steady Assumptions And Advisory Mandate Will Support Future Upside Potential
Analysts have kept their Houlihan Lokey price target steady at $174.50, pointing to only small tweaks in inputs such as the discount rate and assumed future P/E multiple rather than a change in their overall view of the stock. What's in the News Investcorp Credit Management BDC, Inc.Seeking Alpha • Apr 22
Houlihan Lokey: Restructuring Countercyclical, But Efficient Alternatives Exist
Summary Houlihan Lokey faces headwinds from declining M&A volumes and delayed sponsor activity, despite its strong restructuring franchise. Piper Sandler is also positioned tactically, benefiting from higher interest income and brokerage revenues amid market volatility. PIPR trades at a roughly 10% discount to HLI on a PE basis, with a 19x multiple versus HLI’s 21x, offering more defensible income streams. While HLI’s restructuring remains a bright spot, there are tactical equivalents at discounts to HLI in PIPR, but all of them are in the way of the dealmaking snag. Read the full article on Seeking AlphaNarrative Update • Apr 15
HLI: Share Buybacks And Reset Assumptions Will Shape Balanced Future Upside Potential
Analysts have reset their price target for Houlihan Lokey from about $211 to roughly $175, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News From October 1, 2025 to December 31, 2025, Houlihan Lokey repurchased 417,930 shares for US$74.97 million, accounting for 0.6% of shares covered under its existing program (Key Developments).
Narrative Update • Apr 01
HLI: Completed Buyback Program Will Support A More Constructive Outlook
Analysts are keeping their $163.00 price target for Houlihan Lokey unchanged, citing only small adjustments in their discount rate, revenue growth, profit margin, and future P/E assumptions rather than any major shift in the investment case. What's in the News Between October 1, 2025 and December 31, 2025, Houlihan Lokey repurchased 417,930 shares for US$74.97 million, equal to 0.6% of shares under its existing buyback program (Key Developments).Narrative Update • Mar 18
HLI: Share Repurchases And Data Platform Will Support A Constructive Outlook
Analysts have trimmed their price target for Houlihan Lokey from $174 to $163. Updated assumptions for revenue growth, profit margins, fair value and future P/E now reflect a more measured outlook for the business.Narrative Update • Mar 04
HLI: Data Platform And Buybacks Will Shape A Measured Future Outlook
Analysts have inched their price target for Houlihan Lokey up by $1 to $174, tying this modest move to updated assumptions that include a slightly lower discount rate, a small adjustment to revenue growth expectations, a marginally higher profit margin, and a modestly lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Houlihan Lokey repurchased 417,930 shares, representing 0.6% of shares, for a total of US$74.97 million under its existing buyback program (Key Developments).Narrative Update • Feb 17
HLI: Share Repurchases Will Support Future Upside In My View
Analysts have nudged their price target on Houlihan Lokey slightly higher, reflecting small adjustments to their fair value estimate, discount rate, revenue growth outlook, profit margin assumptions and future P/E expectations. What's in the News Houlihan Lokey repurchased 418,000 shares from October 1, 2025 to December 31, 2025 for a total of $76.62 million, representing 0.6% of shares under its existing buyback program (Key Developments).Analysis Article • Feb 07
Analysts Are Updating Their Houlihan Lokey, Inc. (NYSE:HLI) Estimates After Its Third-Quarter Results
It's been a good week for Houlihan Lokey, Inc. ( NYSE:HLI ) shareholders, because the company has just released its...Narrative Update • Feb 03
HLI: Share Repurchases And Higher Margin Outlook Will Support Future Upside
Analysts have adjusted their price target for Houlihan Lokey to about $242 from $232, citing updated assumptions around fair value, profit margins, the discount rate, and a lower future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Houlihan Lokey repurchased 418,000 shares for US$76.62 million, representing 0.6% of its shares.Narrative Update • Jan 20
HLI: Data Platform And Buybacks Will Support A Balanced Future Outlook
Analysts have kept their fair value estimate for Houlihan Lokey steady at US$173.00. The updated price target reflects slightly adjusted assumptions for the discount rate, revenue growth, profit margins and a modestly lower future P/E multiple.Narrative Update • Jan 05
HLI: Share Repurchases And Credit Data Expansion Will Support A Steady Outlook
Analysts kept their fair value estimate for Houlihan Lokey broadly unchanged at US$173.00, citing only minor adjustments to discount rate assumptions, revenue growth expectations, profit margins, and future P/E inputs that did not materially shift their overall price target view. What's in the News Completed share repurchases of 209,707 shares, representing 0.3% of outstanding shares, for US$42.61 million between July 1, 2025 and September 30, 2025 under the existing buyback program (Key Developments).Narrative Update • Dec 17
HLI: Share Buybacks And Private Credit Platform Will Shape A Balanced Outlook
Analysts have modestly raised their price target on Houlihan Lokey from $166 to $173 per share, citing slightly firmer long term valuation multiples, despite a marginally softer outlook for revenue growth and profit margins. What's in the News Completed a share repurchase of 1,020,873 shares, about 1.46% of outstanding stock, for $145.11 million under the buyback program announced on May 13, 2022 (Key Developments).Narrative Update • Dec 03
HLI: Share Buyback Completion Will Drive Stronger Future Upside Potential
Narrative Update Analysts have modestly raised their price target on Houlihan Lokey, reflecting slightly higher long term revenue growth expectations and a marginally richer future earnings multiple that together support an updated fair value assessment of approximately $210.86 per share. What's in the News Completed a share repurchase of 1,020,873 shares, representing 1.46% of shares outstanding, for a total of $145.11 million under the May 13, 2022 buyback program, including 209,707 shares repurchased in the most recent quarter for $42.61 million (company filing) Launched the Houlihan Lokey Private Credit DataBank, a proprietary analytics platform covering more than 60,000 private credit loan valuations and over 200 standardized data fields per loan.Narrative Update • Nov 19
HLI: Share Buyback Completion Will Support Further Upside Potential
Narrative Update on Houlihan Lokey: Analyst Price Target Adjustment Analysts have slightly lowered their price target for Houlihan Lokey from $214.57 to $210.86, citing incremental shifts in discount rate, profit margin, and valuation metrics. Revenue growth expectations remain stable.Narrative Update • Nov 02
HLI: Expanding Profit Margins And Buybacks Will Drive Long Term Gains
Analysts have raised their price target for Houlihan Lokey from $211.14 to $214.57, citing improved profit margin expectations even though revenue growth forecasts are slightly lower. What's in the News At its annual general meeting on September 17, 2025, Houlihan Lokey ratified the appointment of KPMG LLP as its independent registered public accounting firm for the fiscal year ending March 31, 2026 (Company Filing).Narrative Update • Oct 18
Global Advisory Expansion Will Create Long Term Opportunities
Houlihan Lokey's analyst price target has been modestly revised downward, decreasing by $0.36 to $211.14. Analysts have slightly adjusted assumptions for fair value, discount rate, and profit margin projections.Narrative Update • Oct 04
Global Advisory Expansion Will Create Long Term Opportunities
Analysts have raised their price target for Houlihan Lokey from $207.80 to $211.50, citing modest updates to growth forecasts and profitability metrics. What's in the News At the 2025 Annual General Meeting held on September 17, Houlihan Lokey ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2026 (Client Announcements).Narrative Update • Sep 09
Global Advisory Expansion Will Create Long Term Opportunities
The modest increase in Houlihan Lokey’s consensus price target to $207.80 is primarily supported by a slightly higher future P/E multiple, while revenue growth forecasts remain stable. What's in the News From April 1 to June 30, 2025, Houlihan Lokey repurchased 0 shares for $0 million.Analysis Article • Jul 03
Houlihan Lokey, Inc.'s (NYSE:HLI) Shareholders Might Be Looking For Exit
Houlihan Lokey, Inc.'s ( NYSE:HLI ) price-to-earnings (or "P/E") ratio of 32x might make it look like a strong sell...Shareholder Returns
| HLI | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 2.1% | 1.1% | 1.4% |
| 1Y | -18.6% | 11.7% | 25.7% |
Return vs Industry: HLI underperformed the US Capital Markets industry which returned 11.7% over the past year.
Return vs Market: HLI underperformed the US Market which returned 25.7% over the past year.
Price Volatility
| HLI volatility | |
|---|---|
| HLI Average Weekly Movement | 3.8% |
| Capital Markets Industry Average Movement | 3.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: HLI has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HLI's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 2,800 | Scott Adelson | hl.com |
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). The CF segment offers general financial advisory services; and advises public and private institutions, including financial sponsors on buy-side and sell-side M&A transactions, debt and equity financings in both the private and public markets, and other corporate finance transactions.
Houlihan Lokey, Inc. Fundamentals Summary
| HLI fundamental statistics | |
|---|---|
| Market cap | US$9.72b |
| Earnings (TTM) | US$425.70m |
| Revenue (TTM) | US$2.62b |
22.8x
P/E Ratio3.7x
P/S RatioIs HLI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HLI income statement (TTM) | |
|---|---|
| Revenue | US$2.62b |
| Cost of Revenue | US$148.60m |
| Gross Profit | US$2.47b |
| Other Expenses | US$2.04b |
| Earnings | US$425.70m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.16 |
| Gross Margin | 94.32% |
| Net Profit Margin | 16.26% |
| Debt/Equity Ratio | 0% |
How did HLI perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield38%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/21 05:00 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Houlihan Lokey, Inc. is covered by 17 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brennan Hawken | BMO Capital Markets Equity Research |
| Michael Anthony Needham | BofA Global Research |
| Devin Ryan | Citizens JMP Securities, LLC |