Houlihan Lokey Inc

Houlihan Lokey Inc

HLI · NYSE · Financial Services / Capital Markets

142.84USD-0.59 (-0.41%)

Price History

Full chart

Market Stats

Previous Close143.43
Open145.37
Day Range142.09 – 147.36
52-Week Range112.24 – 205.20
Volume401.21K
Market Cap8.91B
P/E (TTM)21.43
Forward P/E15.02
EPS5.95
Dividend Yield2.20%
Beta0.97
50-Day Avg132.51
200-Day Avg151.02

About

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. The FR segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. This segment also provides a range of advisory services, such as structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; liability management transactions; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The FVA segment provides valuation services to companies; debt and equity interests comprising illiquid investments; and other assets and liabilities. This segment also offers fairness opinions in connection with mergers and acquisitions and other transactions; solvency opinions in connection with corporate spin-offs and dividend recapitalizations; other types of financial opinions; and diligence, tax, transaction accounting, and other financial advisory services, as well as dispute resolution services. It serves corporations, financial sponsors, and government agencies. Houlihan Lokey, Inc. was incorporated in 1972 and is headquartered in Los Angeles, California.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Scott Joseph Adelson
  • Employees2.80K
  • Headquarters10250 Constellation Boulevard, Los Angeles, CA, United States, 90067, USA
  • Websitehttps://hl.com

Leadership

  • Mr. Paul Eric SiegertCo-Chairman & Global Co-Head of Financial Restructuring Group · b. 1966
  • Mr. Scott Joseph AdelsonCEO & Director · b. 1961
  • Mr. J. Lindsey AlleyMD & CFO · b. 1967
  • Mr. Jeffrey WerbalowskySenior Managing Director
  • Mr. James Francis LavelleMD & Head of Corporate Coverage and Industrials · b. 1964
  • Mr. Matthew R. NiemannManaging Director · b. 1964
  • Mr. Jay NovakMD and Head of The Consumer, Food & Retail Group
  • Mr. Ranon KentMD & Global Head of Business Services Group
  • Mr. John George MavredakisGlobal Head of the Financial Sponsors Group & Senior MD · b. 1958
  • Mr. John-Paul HansonMD, Head of Oil & Gas Group and Co-Head of the Energy Group

Financials

Income Statement

Currency: USD2013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue520.28M592.45M680.87M693.76M872.09M963.36M1.08B1.16B1.53B2.27B1.81B1.91B2.39B2.62B
Growth (%)-+13.87%+14.92%+1.89%+25.70%+10.47%+12.56%+6.91%+31.58%+48.81%-20.29%+5.80%+24.81%+9.55%
Cost of Revenue-414.92M475.10M461.61M582.24M636.63M692.07M737.76M971.20M1.41B1.11B1.18B1.47B42.63M
Gross Profit520.28M177.53M205.77M232.16M289.85M326.73M392.31M421.61M554.26M861.32M696.64M737.05M919.92M2.57B
Gross Margin100.00%29.97%30.22%33.46%33.24%33.92%36.18%36.37%36.33%37.94%38.50%38.50%38.50%98.37%
Operating Expense424.89M74.68M77.12M105.76M107.85M112.32M173.22M192.00M146.10M248.46M354.90M374.19M418.38M1.96B
Operating Income95.39M102.85M128.65M126.40M182.00M214.41M219.10M229.60M408.16M612.86M341.74M362.86M501.54M618.53M
Operating Margin18.33%17.36%18.90%18.22%20.87%22.26%20.20%19.80%26.76%27.00%18.89%18.95%20.99%23.63%
EBITDA5.36M108.89M134.16M133.90M190.85M222.32M233.57M246.89M423.38M661.40M435.03M427.63M597.59M604.90M
EBITDA Margin1.03%18.38%19.70%19.30%21.88%23.08%21.54%21.30%27.75%29.14%24.04%22.34%25.01%23.11%
Net Income58.97M61.32M79.88M69.74M108.34M172.28M159.11M183.79M312.77M437.75M254.22M280.30M399.71M425.70M
Net Income Margin11.33%10.35%11.73%10.05%12.42%17.88%14.67%15.85%20.50%19.28%14.05%14.64%16.73%16.26%
R&D---00.20.230.210.20.270.270.180.2--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense-00000640.00K571.00K547.00K9.50M2.74M---
Interest Expense % of Total Revenue-0.00%0.00%0.00%0.00%0.00%0.06%0.05%0.04%0.42%0.15%---

Balance Sheet

Currency: USD2013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets923.71M1.06B1.23B1.07B1.38B1.42B1.42B1.68B2.43B2.89B2.97B3.17B3.82B4.31B
Total Liabilities195.83M346.29M403.96M417.33M651.92M566.03M531.73M692.62M1.04B1.44B1.36B1.33B1.64B1.86B
Total Equity629.24M711.94M822.70M653.55M730.46M852.81M891.33M984.38M1.38B1.44B1.61B1.84B2.17B2.34B
Cash68.39M109.42M88.66M166.17M300.31M206.72M285.75M380.37M846.85M833.70M714.44M721.24M971.01M1.19B
Total Debt---76.62M37.50M21.83M36.47M158.89M175.33M197.63M374.87M415.41M438.19M492.11M
Net Debt-68.39M-109.42M-88.66M-89.55M-267.75M-194.86M-277.09M-221.48M-671.52M-636.07M-339.57M-305.82M-532.82M-697.35M

Cash Flow

Currency: USD2013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow128.44M165.01M196.51M13.52M229.26M250.65M224.27M287.67M579.84M736.60M136.27M328.46M848.61M704.13M
Investing Cash Flow-120.09M-121.98M-213.46M179.55M-1.65M-218.58M6.46M-33.14M-99.75M-273.91M-3.00M-70.41M-265.06M2.18M
Financing Cash Flow-66.03M-3.26M-1.53M-116.01M102.92M-225.31M-236.14M-152.14M-26.82M-459.06M-240.46M-250.59M-329.07M-492.94M
Capital Expenditure6.84M2.24M4.67M9.38M14.42M7.72M6.73M20.72M14.15M8.68M50.73M66.73M39.70M22.31M
Free Cash Flow121.60M162.77M191.84M4.13M214.84M242.93M217.55M266.95M565.69M727.92M85.54M261.73M808.91M681.82M
Dividends Paid62.37M1.07M2.17M114.30M55.29M52.08M66.93M80.66M92.01M114.81M140.38M148.45M165.22M174.04M
FCF to OCF94.68%98.64%97.62%30.58%93.71%96.92%97.00%92.80%97.56%98.82%62.77%79.68%95.32%96.83%
Dividend Paid to FCF51.29%0.66%1.13%2764.80%25.74%21.44%30.76%30.21%16.26%15.77%164.11%56.72%20.42%25.53%

Earnings

Report DateNov 3, 2015Feb 8, 2016May 18, 2016Aug 2, 2016Nov 1, 2016Feb 1, 2017May 9, 2017Jul 25, 2017Oct 24, 2017Jan 29, 2018May 9, 2018Jul 26, 2018Oct 25, 2018Jan 29, 2019May 8, 2019Jul 25, 2019Oct 24, 2019Feb 3, 2020May 12, 2020Jul 28, 2020Oct 29, 2020Jan 28, 2021May 11, 2021Aug 3, 2021Oct 28, 2021Feb 8, 2022May 12, 2022Jul 28, 2022Oct 27, 2022Jan 31, 2023May 9, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024May 8, 2024Jul 30, 2024Oct 30, 2024Jan 28, 2025May 7, 2025Jul 29, 2025Oct 30, 2025Jan 28, 2026May 6, 2026Jul 29, 2026Oct 29, 2026
EPS Estimate0.260.490.450.320.360.500.460.420.420.610.580.600.650.700.690.550.700.770.770.570.550.981.141.111.172.171.270.941.031.120.931.021.031.141.231.201.311.521.621.681.681.871.791.641.60
EPS Actual0.280.470.430.350.370.570.590.500.560.690.650.550.700.770.860.670.700.880.960.560.751.771.511.191.712.901.301.101.191.141.110.891.111.221.271.221.461.641.962.141.841.941.631.35-
Surprise7.69%-4.08%-4.44%9.38%2.78%14.00%28.26%19.05%33.33%13.11%12.07%-8.33%7.69%10.00%24.64%21.82%0.00%14.29%24.68%-1.75%36.36%80.61%32.46%7.21%46.15%33.64%2.36%17.02%15.53%1.79%19.35%-12.75%7.77%7.02%3.25%1.67%11.45%7.89%20.99%27.38%9.52%3.74%-8.94%-17.68%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap8.91B
Enterprise Value8.82B
Trailing P/E21.43
Forward P/E15.02
PEG Ratio6.54
Price / Sales3.53
Price / Book4.03
EPS5.95
Book Value32.26
Revenue (TTM)2.52B
Gross Profit (TTM)2.37B
Profit Margin16.08%
Operating Margin18.40%
Return on Equity17.79%
Return on Assets11.17%
Shares Outstanding54.20M
Shares Float54.03M
Beta0.97
Dividend Yield2.20%
Dividend Rate2.80
Payout Ratio38.46%

Analyst Ratings

Hold
Based on 9 analystsTarget 153.50
  • Strong Buy
    2
  • Buy
    2
  • Hold
    4
  • Strong Sell
    1

Ownership Breakdown

Institutions
105.46%
Insiders
0.20%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    5.28M7.56%
  • Vanguard Portfolio Management, LLC
    2.78M3.98%
  • Kayne Anderson Rudnick Investment Management LLC
    2.64M3.78%
  • Vanguard Capital Management, LLC
    2.42M3.46%
  • Earnest Partners LLC
    2.23M3.19%
  • Royal Bank of Canada
    1.75M2.51%
  • State Street Corp
    1.69M2.42%
  • Morgan Stanley - Brokerage Accounts
    1.59M2.28%
  • Geode Capital Management, LLC
    1.35M1.93%
  • Bank of Montreal
    1.30M1.86%
  • Citadel Advisors Llc
    1.23M1.76%
  • BMO Capital Markets Corp.
    1.15M1.65%
  • Mayflower Financial Advisors, LLC
    1.12M1.61%
  • BAMCO Inc
    1.06M1.52%
  • Bank of America Corp
    950.87K1.36%
  • Fiduciary Management, Inc. of Milwaukee
    938.41K1.34%
  • Wellington Management Company LLP
    929.76K1.33%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    1.90M2.72%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.72M2.47%
  • Vanguard Small Cap Index
    1.25M1.79%

Dividends

20263×
0.70Sep 1, 20260.70Jun 1, 20260.60Mar 2, 2026
20254×
0.60Dec 1, 20250.60Sep 2, 20250.60Jun 2, 20250.57Mar 3, 2025
20244×
0.57Dec 2, 20240.57Sep 3, 20240.57Jun 3, 20240.55Feb 29, 2024
20234×
0.55Nov 30, 20230.55Aug 31, 20230.55Jun 1, 20230.53Mar 1, 2023
20224×
0.53Dec 1, 20220.53Sep 1, 20220.53Jun 1, 20220.43Mar 1, 2022
20214×
0.43Dec 1, 20210.43Sep 1, 20210.43Jun 1, 20210.33Mar 1, 2021
20201×
0.33Dec 1, 2020