profit from every $100 of sales.
$0$100
Houlihan Lokey
$142.84-0.41% today
-20.8% in 1 year
1-year low $123.391-year high $192.07
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2026.
0%20% a year
You pay $23.29 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Houlihan Lokey sold, what it kept, and what it did with the cash.
Sales went from $1.81 billion in 2023 to $2.62 billion in 2026, with $426 million of profit last year.
SalesProfit
Houlihan Lokey handed back 51% of the cash it generated last year.
Buybacks $175M$174M
Free cash flow 2026$682M
Bought back its own shares$175M
Paid as dividends$174M
Cash vs. debt$1.2B vs. $492M
Houlihan Lokey vs. similar companies
Houlihan Lokey grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Houlihan Lokey | 23.3× · Fair price | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.4× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 141.6× · Very expensive |
AI analysis
An AI analyst reads Houlihan Lokey's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 1,525 | 2,270 | 1,809 | 1,914 | 2,389 | 2,618 | |
| – | – | 697 | 737 | 920 | 1,008 | |
| – | – | 377 | 399 | 556 | 619 | |
| – | – | 435 | 428 | 598 | 661 | |
| 313 | 438 | 254 | 280 | 400 | 426 | |
| 4.55 | 6.41 | 3.98 | 4.11 | 5.82 | 6.22 | |
| – | – | 38.5% | 38.5% | 38.5% | 38.5% | |
| – | – | 20.8% | 20.8% | 23.3% | 23.6% | |
| 20.5% | 19.3% | 14.0% | 14.6% | 16.7% | 16.3% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Total assets | 2,426 | 2,887 | 2,969 | 3,171 | 3,820 | 4,309 |
| Cash | 847 | 834 | 714 | 721 | 971 | 1,189 |
| Total debt | – | – | 375 | 415 | 438 | 492 |
| Total liabilities | 1,043 | 1,443 | 1,356 | 1,334 | 1,645 | 1,856 |
| 1,384 | 1,444 | 1,613 | 1,837 | 2,175 | 2,342 | |
| 69 | 68 | 68 | 68 | 69 | 68 | |
| – | – | 15.0% | 14.0% | 16.8% | 17.2% | |
| 22.6% | 30.3% | 15.8% | 15.3% | 18.4% | 18.2% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 580 | 737 | 136 | 328 | 849 | 704 | |
| 14 | 9 | 51 | 67 | 40 | 22 | |
| 566 | 728 | 86 | 262 | 809 | 682 | |
| Dividends paid | 92 | 115 | 140 | 148 | 165 | 174 |
| 102 | 305 | 49 | 25 | 53 | 175 | |
| 62 | 92 | 157 | 167 | 168 | 201 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 23.3×
- 17.0×
- 3.61
- 4.4×
- 3.8×
- 4.3%
- 1.6%
Profitability
- 16.3%
- 17.7%
- 16.2%
- 18.8%
- 9.9%
Growth
- +11.4%
- +6.5%
- +13.1%
- +0.4%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 10%of 848
Top 48%of 728
Bottom 21%of 880
Top 38%of 878
Top 45%of 932
What analysts expect
- Average price target
- $200.00
- Range
- $193.00 – $211.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 1.63 | 1.79 | −8.9% |
| Jan 28, 2026 | 1.94 | 1.85 | +4.9% |
| Oct 30, 2025 | 1.84 | 1.68 | +9.5% |
| Jul 29, 2025 | 2.14 | 1.68 | +27.4% |
| May 7, 2025 | 1.96 | 1.62 | +21.0% |
| Jan 28, 2025 | 1.64 | 1.50 | +9.3% |
| Oct 30, 2024 | 1.46 | 1.31 | +11.5% |
| Jul 30, 2024 | 1.22 | 1.21 | +0.8% |
1.6%of the share price, paid each year
On $1,000 invested$16a year at today's yield, before tax
+13.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.15 in 2015 → $2.37 in 2025
How safe it looks
40.9% of its profit
Room to growStretchedMore than it earns: 25.5%
News
Houlihan Lokey expects fiscal 2027 adjusted tax rate of 26%-28% as restructuring outlook extends into fiscal 2028Seeking Alpha · Oct 28, 2026Houlihan Lokey Non-GAAP EPS of $1.85 beats by $0.20, revenue of $692M beats by $60.39MSeeking Alpha · Oct 28, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
66Pass
Benjamin Graham
52No pass
Philip Fisher
62Pass
Peter Lynch
33No pass
Joel Greenblatt
43No pass
Charlie Munger
66Pass
Terry Smith
62Pass
Questions about Houlihan Lokey
Is Houlihan Lokey a good stock to buy?
A solid business at a fair price. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Houlihan Lokey AI analysis
What does Houlihan Lokey do?
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. It is in Capital Markets, based in Los Angeles, CA, United States, with 2,800 employees.
Does Houlihan Lokey pay a dividend?
Yes. At today's price the dividend is 1.6% a year, about 41% of its yearly profit. In 2026 it paid out $174 million in dividends.
Is Houlihan Lokey stock halal?
Yes. Houlihan Lokey passes our halal screen: its business is permitted and its debt is 5% of its market value, under the 30% limit. How we check
How has Houlihan Lokey stock done over the past year?
Down 20.8% over the past twelve months, to $142.84. It traded between $123.39 and $192.07 and is 25.6% below its high.
Who are Houlihan Lokey's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with Houlihan Lokey's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.