HLI
$130.33+2.57%
Houlihan Lokey Inc.Stock · FinancialsRussell 1000 · 0.01% of IWBRussell 3000 · 0.01% of IWVUS Stock Market · 0.01% of VTI
HLI financial statements
The full income statement, balance sheet, and cash-flow statement for Houlihan Lokey Inc. (HLI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 68.5M2024-09 68.4M2024-12 68.8M2025-03 69.0M2025-06 68.9M2025-09 68.6M2025-12 68.4M2026-03 69.9M2026-06 69.9M+2.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Revenue | 2.62B+9.5% | 2.39B+24.8% | 1.91B+5.8% | 1.81B-20.3% | 2.27B+48.8% | |
| Gross profit | — | 772M+35.2% | 571M+2.5% | 557M-30.0% | 795M+52.5% | |
| 2.09B+10.8% | 1.89B+22.4% | 1.54B+5.0% | 1.47B-11.4% | 1.66B+48.3% | ||
| Amortization of intangibles | 15.1M-22.0% | 19.3M+79.7% | 10.8M-76.1% | 45.0M+32.5% | 33.9M+715.6% | |
| Provision for credit losses | 7.66M-17.3% | 9.26M+27.5% | 7.26M+13.0% | 6.43M+72.9% | 3.72M-49.0% | |
| Operating income | 527M+4.9% | 503M+34.7% | 373M+9.2% | 342M-44.2% | 613M+50.2% | |
| Other non-operating income | 35.2M+22.5% | 28.8M+66.2% | 17.3M+197.6% | -17.7M-98.7% | -8.93M-933.4% | |
| Pre-tax income | 562M+5.8% | 531M+36.1% | 391M+20.5% | 324M-46.4% | 604M+47.6% | |
| Income tax | 138M+4.9% | 132M+19.4% | 110M+58.0% | 69.8M-57.9% | 166M+71.7% | |
| 426M+6.5% | 400M+42.6% | 280M+10.3% | 254M-41.9% | 438M+40.0% | ||
| Net income to non-controlling interest | -1.52M | 0.00 | 0.00 | 0.00-100.0% | 573K | |
| $6.22+6.9% | $5.82+41.6% | $4.11+9.3% | $3.76-41.3% | $6.41+40.9% | ||
| EPS (basic) | $6.40+5.3% | $6.08+39.4% | $4.36+8.7% | $4.01-40.5% | $6.74+41.9% | |
| Weighted-avg shares (basic) | 66.5M+1.3% | 65.7M+2.2% | 64.3M+1.5% | 63.4M-2.5% | 65.0M-1.2% | |
| Weighted-avg shares (diluted) | 68.4M-0.3% | 68.7M+0.7% | 68.2M+0.8% | 67.6M-1.0% | 68.3M-0.6% | |
| Dividends per share | $2.54+5.7% | $2.41+10.5% | $2.18+4.9% | $2.08+23.5% | $1.68+25.5% | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Cash & equivalents | 1.19B+22.5% | 971M+34.6% | 721M+1.0% | 714M-14.3% | 834M-1.6% | |
| 4.31B+12.8% | 3.82B+20.5% | 3.17B+6.8% | 2.97B+2.8% | 2.89B+19.0% | ||
| Property, plant & equipment | 143M-4.3% | 149M+9.3% | 137M+54.7% | 88.3M+69.3% | 52.2M+12.5% | |
| Operating lease right-of-use | 407M+12.2% | 363M+5.4% | 344M+3.0% | 334M+94.2% | 172M+13.1% | |
| Goodwill | 1.40B+8.7% | 1.28B+13.9% | 1.13B+3.7% | 1.09B+1.6% | 1.07B+59.5% | |
| Deferred tax assets | — | 92.8M+3.0% | 90.1M-14.2% | 105M+10.1% | 95.3M+236.3% | |
| Deferred revenue | — | 48.2M+45.5% | 33.1M-18.6% | 40.7M+41.5% | 28.8M+3.2% | |
| 1.86B+12.8% | 1.64B+23.3% | 1.33B-1.6% | 1.36B-6.1% | 1.44B+38.4% | ||
| Operating lease liability (total) | 492M+12.3% | 438M+5.5% | 415M+10.8% | 375M+90.2% | 197M+12.9% | |
| Deferred tax liabilities | — | 8.78M+17.0% | 7.50M+1279.6% | 544K-31.1% | 789K+1417.3% | |
| 2.34B+7.7% | 2.17B+18.4% | 1.84B+13.9% | 1.61B+11.7% | 1.44B+4.3% | ||
| Additional paid-in capital | 746M-11.5% | 843M+14.0% | 740M+15.1% | 643M+13.8% | 565M-29.7% | |
| Retained earnings | 1.65B+17.9% | 1.39B+19.9% | 1.16B+12.6% | 1.03B+12.0% | 922M+53.7% | |
| Accumulated other comprehensive income | -49.0M+22.6% | -63.3M+5.0% | -66.6M-6.0% | -62.8M-44.9% | -43.3M-114.8% | |
| Total equity incl. non-controlling | 2.34B+7.7% | 2.17B+18.4% | 1.84B+13.9% | 1.61B+11.7% | 1.44B+4.3% | |
| Total liabilities & equity | 4.31B+12.8% | 3.82B+20.5% | 3.17B+6.8% | 2.97B+2.8% | 2.89B+19.0% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 704M-17.0% | 849M+158.4% | 328M+141.0% | 136M-81.5% | 737M+27.0% | ||
| Depreciation & amortization | 42.6M+3.3% | 41.3M+44.6% | 28.5M-51.0% | 58.2M+20.0% | 48.5M+218.7% | |
| Intangible amortization | 15.1M-22.0% | 19.3M+79.7% | 10.8M-76.1% | 45.0M+32.5% | 33.9M+715.6% | |
| Deferred income taxes | -25.1M-2524.5% | -957K-104.7% | 20.5M+694.0% | -3.45M+95.2% | -71.1M-234.6% | |
| Change in receivables | -32.6M-158.6% | 55.7M+133.8% | 23.8M-36.9% | 37.7M+367.1% | -14.1M-142.9% | |
| 2.18M+100.8% | -265M-276.5% | -70.4M-2243.7% | -3.00M+98.9% | -274M-174.6% | ||
| Capital expenditure | 22.3M-43.8% | 39.7M-40.5% | 66.7M+31.5% | 50.7M+484.5% | 8.68M-38.6% | |
| Free cash flow | 682M-15.7% | 809M+209.1% | 262M+206.0% | 85.5M-88.2% | 728M+28.7% | |
| Acquisitions | 2.54M-96.3% | 69.2M+1694.3% | 3.86M-81.1% | 20.4M-94.3% | 361M+2794.9% | |
| Purchases of investments | 263M+5.1% | 250M+2120.9% | 11.3M-41.4% | 19.2M-81.1% | 102M-74.1% | |
| Sales/maturities of investments | 290M+207.9% | 94.3M+723.0% | 11.5M-86.9% | 87.4M-55.7% | 197M-38.0% | |
| -493M-49.8% | -329M-31.3% | -251M-4.2% | -240M+47.6% | -459M-1611.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 175M+234.1% | 52.5M+110.5% | 25.0M-48.7% | 48.7M-84.0% | 305M+198.2% | |
| Dividends paid | 174M+5.3% | 165M+11.3% | 148M+5.7% | 140M+22.3% | 115M+24.8% | |
| Other financing activities | 0.00-100.0% | 710K+21.0% | 587K+3.0% | 570K+19.5% | 477K+43.2% | |
| FX effect on cash | 4.93M+751.6% | -756K-77.9% | -425K+96.5% | -12.1M+28.1% | -16.8M-227.0% | |
| Net change in cash | 218M-14.0% | 254M+3503.0% | 7.04M+105.9% | -119M-806.6% | -13.2M-102.8% | |
| Interest paid | — | 1.36M+135.4% | 579K-90.2% | 5.90M+490.4% | 1.00M+1.1% | |
| Income taxes paid | 187M+100.7% | 93.3M-11.2% | 105M-33.0% | 157M-35.2% | 242M+447.6% | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Market cap | 10.0B-9.9% | 11.1B+28.0% | 8.70B+60.4% | 5.42B-8.5% | 5.92B+29.3% | |
| P/E | 23.6×-15.4% | 27.9×-19.6% | 34.6×+62.4% | 21.3×+57.6% | 13.5×-7.6% | |
| P/S | 3.8×-17.7% | 4.7×-4.4% | 4.9×+62.7% | 3.0×+14.8% | 2.6×-13.1% | |
| P/B | 4.3×-16.3% | 5.1×-3.1% | 5.3×+57.2% | 3.4×-18.1% | 4.1×+23.9% | |
| P/FCF | 14.7×+6.9% | 13.8×-58.9% | 33.5×-47.1% | 63.4×+678.9% | 8.1×+0.5% | |
| Earnings yield | 4.2%+18.2% | 3.6%+24.3% | 2.9%-38.4% | 4.7%-36.6% | 7.4%+8.3% | |
| FCF yield | 6.8%-6.5% | 7.3%+143.4% | 3.0%+89.2% | 1.6%-87.2% | 12.3%-0.5% | |
| Dividend yield | 1.8%+18.8% | 1.5%-12.3% | 1.7%-28.4% | 2.4%+23.9% | 1.9%-4.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HLI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HLI filings on SEC EDGAR → Not investment advice.