Houlihan Lokey Future Growth

Future criteria checks 3/6

Houlihan Lokey is forecast to grow earnings and revenue by 12.7% and 10.5% per annum respectively. EPS is expected to grow by 10.6% per annum. Return on equity is forecast to be 32.2% in 3 years.

Key information

12.7%

Earnings growth rate

10.59%

EPS growth rate

Capital Markets earnings growth	13.3%
Revenue growth rate	10.5%
Future return on equity	32.16%
Analyst coverage	Good
Last updated	10 Jul 2025

Recent future growth updates

The Houlihan Lokey, Inc. (NYSE:HLI) Full-Year Results Are Out And Analysts Have Published New Forecasts

May 18

Recent updates

Houlihan Lokey, Inc.'s (NYSE:HLI) Shareholders Might Be Looking For Exit

Jul 03

Houlihan Lokey (NYSE:HLI) Is Increasing Its Dividend To $0.60

May 21

The Houlihan Lokey, Inc. (NYSE:HLI) Full-Year Results Are Out And Analysts Have Published New Forecasts

May 18

Revisiting Houlihan Lokey's Successful Rotation And Thesis

May 13

Houlihan Lokey: We've Seen Plenty Of Upside, But I Say This One Is A 'Hold'

Oct 31

Triago Acquisition And Tactical Expansion Set To Fuel Revenue And Reshape The Corporate Finance Landscape

Aug 23 Acquisition of Triago and strategic hiring are set to expand Houlihan Lokey's market reach and operational efficiency across multiple segments.

Earnings and Revenue Growth Forecasts

NYSE:HLI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2028	3,256	N/A	N/A	N/A	3
3/31/2027	2,985	515	N/A	N/A	7
3/31/2026	2,632	447	N/A	N/A	8
3/31/2025	2,389	400	809	849	N/A
12/31/2024	2,243	359	678	716	N/A
9/30/2024	2,120	334	502	551	N/A
6/30/2024	2,012	308	336	398	N/A
3/31/2024	1,914	280	262	328	N/A
12/31/2023	1,839	259	268	341	N/A
9/30/2023	1,784	251	260	331	N/A
6/30/2023	1,807	245	219	281	N/A
3/31/2023	1,809	254	86	136	N/A
12/31/2022	1,836	260	-70	-37	N/A
9/30/2022	2,268	370	400	424	N/A
6/30/2022	2,316	423	537	549	N/A
3/31/2022	2,270	438	728	737	N/A
12/31/2021	2,299	472	934	945	N/A
9/30/2021	1,948	417	691	701	N/A
6/30/2021	1,687	353	593	605	N/A
3/31/2021	1,525	313	566	580	N/A
12/31/2020	1,327	272	469	484	N/A
9/30/2020	1,122	203	260	273	N/A
6/30/2020	1,120	187	265	282	N/A
3/31/2020	1,159	184	267	288	N/A
12/31/2019	1,147	170	224	243	N/A
9/30/2019	1,112	165	204	222	N/A
6/30/2019	1,114	172	221	234	N/A
3/31/2019	1,084	159	218	224	N/A
12/31/2018	1,037	152	N/A	202	N/A
9/30/2018	998	169	N/A	199	N/A
6/30/2018	965	163	N/A	193	N/A
3/31/2018	963	172	N/A	251	N/A
12/31/2017	975	168	N/A	241	N/A
9/30/2017	963	141	N/A	281	N/A
6/30/2017	908	128	N/A	259	N/A
3/31/2017	870	108	N/A	252	N/A
12/31/2016	796	97	N/A	200	N/A
9/30/2016	755	86	N/A	109	N/A
6/30/2016	726	74	N/A	50	N/A
3/31/2016	694	70	N/A	12	N/A
12/31/2015	696	72	N/A	37	N/A
9/30/2015	687	73	N/A	120	N/A
6/30/2015	685	81	N/A	157	N/A
3/31/2015	681	80	N/A	197	N/A
12/31/2014	670	74	N/A	214	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLI's forecast earnings growth (12.7% per year) is above the savings rate (2.9%).

Earnings vs Market: HLI's earnings (12.7% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: HLI's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLI's revenue (10.5% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: HLI's revenue (10.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HLI's Return on Equity is forecast to be high in 3 years time (32.2%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/10 21:46
End of Day Share Price	2025/07/10 00:00
Earnings	2025/03/31
Annual Earnings	2025/03/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 15 analysts. 8 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
Michael Needham	BofA Global Research
James Mitchell	Buckingham Research Group Inc.
Devin Ryan	Citizens JMP Securities, LLC

Houlihan Lokey Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

The Houlihan Lokey, Inc. (NYSE:HLI) Full-Year Results Are Out And Analysts Have Published New Forecasts

Price target decreased by 9.2% to US$171

Price target increased by 8.8% to US$121

Recent updates

Houlihan Lokey, Inc.'s (NYSE:HLI) Shareholders Might Be Looking For Exit

Co-Chairman & Chairman of the Board exercised options and sold US$914k worth of stock

Houlihan Lokey Appoints Craig Rogowski as Managing Director

Upcoming dividend of US$0.60 per share

Co-Chairman & Director exercised options and sold US$1.4m worth of stock

Houlihan Lokey (NYSE:HLI) Is Increasing Its Dividend To $0.60

The Houlihan Lokey, Inc. (NYSE:HLI) Full-Year Results Are Out And Analysts Have Published New Forecasts

Revisiting Houlihan Lokey's Successful Rotation And Thesis

Fourth quarter dividend of US$0.60 announced

Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat

Houlihan Lokey, Inc. Declares Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on June 15, 2025

Houlihan Lokey, Inc. Appoints Andy Hull as Managing Director and Head of Midstream in Its Oil & Gas Group

Houlihan Lokey, Inc. to Report Q4, 2025 Results on May 07, 2025

Houlihan Lokey, Inc. Appoints Billy Goldstein as Managing Director in Its Technology Group

Price target decreased by 9.2% to US$171

Upcoming dividend of US$0.57 per share

Houlihan Lokey, Inc. Announces Appointment of Carle Felton as Managing Director in Its Capital Markets Group

Now 20% overvalued

Houlihan Lokey, Inc. Announces Angela Hu Joins as Managing Director in the Financial Sponsors Group

Third quarter dividend of US$0.57 announced

Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Bill Scheuerer Joins Houlihan Lokey, Inc. as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. Appoints Riccardo Cazzoli Consumer Group as Managing Director

Houlihan Lokey, Inc. to Report Q3, 2025 Results on Jan 28, 2025

Co-Chairman & Chairman of the Board exercised options and sold US$953k worth of stock

Co-Chairman & Chairman of the Board exercised options and sold US$953k worth of stock

Upcoming dividend of US$0.57 per share

Houlihan Lokey, Inc. Appoints Brad Boggess as Managing Director in Its Capital Markets Group

MD & CFO exercised options and sold US$2.3m worth of stock

Houlihan Lokey, Inc. Appoints Nana Kyei as Managing Director

Second quarter dividend of US$0.57 announced

Houlihan Lokey, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2024

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

Houlihan Lokey, Inc. (NYSE:HLI) acquired Prytania Solutions Limited.

Houlihan Lokey: We've Seen Plenty Of Upside, But I Say This One Is A 'Hold'

Houlihan Lokey Appoints Clinton Miyazono as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. to Report Q2, 2025 Results on Oct 30, 2024

High number of new directors

Houlihan Lokey, Inc. Appoints Joy Sioufi as Managing Director

Upcoming dividend of US$0.57 per share

Triago Acquisition And Tactical Expansion Set To Fuel Revenue And Reshape The Corporate Finance Landscape

Houlihan Lokey, Inc. Appoints Geoff Rhizor as Managing Director

Co-Chairman & Director exercised options and sold US$1.3m worth of stock

Houlihan Lokey, Inc. (NYSE:HLI) agreed to acquire Waller Helms Advisors for approximately $180 million.

Houlihan Lokey, Inc. Announces Andrew Atherton Joins Fintech Group as a Managing Director

First quarter dividend of US$0.57 announced

First quarter 2025 earnings: EPS exceeds analyst expectations

Houlihan Lokey, Inc. Declares Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on September 15, 2024

Houlihan Lokey: Out Too Early, But Still A Hold

Houlihan Lokey, Inc., Annual General Meeting, Sep 18, 2024

Houlihan Lokey, Inc. to Report Q1, 2025 Results on Jul 30, 2024

Co-Executive Chairman notifies of intention to sell stock

Houlihan Lokey, Inc. Appoints Kenny Kraft as Consumer, Food & Retail Group as Managing Director

Co-President notifies of intention to sell stock

Upcoming dividend of US$0.57 per share

Houlihan Lokey, Inc. Appoints Vieri Betti Guaraldi as Managing Director in Its Capital Markets Group

Houlihan Lokey: Leader Of The Restructuring League Expected To Grow More

Fourth quarter dividend increased to US$0.57

Houlihan Lokey, Inc. Declares A Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on June 15, 2024

Full year 2024 earnings: EPS misses analyst expectations

Houlihan Lokey, Inc. Hires Scott Kirkby as Managing Director, European Financial Services and Technology Team

Houlihan Lokey, Inc. Appoints Erik Kistler as Managing Director

Houlihan Lokey, Inc. Announces Directorate Appointments

Houlihan Lokey, Inc. to Report Q4, 2024 Results on May 08, 2024

Houlihan Lokey, Inc. Appoints Ashish Patel as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc Announces Management Appointments

Houlihan Lokey, Inc. Appoints Abhishek Jain as a Managing Director in its Transaction Advisory Services Practice

Houlihan Lokey, Inc. Appoints Val Shapiro to its Financial Sponsors Group as Managing Director

Brent Shepherd Joins as Managing Director in its Capital Markets Group of Houlihan Lokey, Inc

Houlihan Lokey, Inc. Announces Chief Executive Officer Changes

Upcoming dividend of US$0.55 per share

Third quarter dividend of US$0.55 announced