US · USD

HLI

Houlihan Lokey Inc

$127.94+0.82% ($1.04)Updated 10/6/26, 5:00 PM

Day's range: $127.50 – $129.53
Day's volume: $84.1M
52-week range: $122.74 – $198.78

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HLI in numbers

Dividend yield (12m): 2.03%

The 12-month dividend yield of HLI is 2.03%, above its 5-year average of 1.67%.

HLI price history

10/07/202510/06/2026

Compare with

HLI risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-25.78%	+23.89%	+29.11%
Volatility (annualized)	19.76%	21.97%	24.83%
Largest drawdown	-27.59%	-38.14%	-38.14%
Positive months	3/12	19/36	31/60

How much did investing in HLI return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,291.05 today.

Value today in HLI: $1,291.05

Return over the period: +29.11%

Return per year: +5.32%

In the S&P 500: $1,712.05

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

HLI fundamentals

Efficiency

Gross margin—
EBITDA margin21.79%
Operating margin20.42%
Net margin16.03%
Asset turnover0.68

Profitability

ROE17.94%
ROA10.88%
ROIC16.80%
Payout—

Growth

Revenue CAGR (5 years)8.38%
Earnings CAGR (5 years)—
Revenue growth (year)—
Earnings growth (year)—
Revenue growth (quarter)—
Earnings growth (quarter)—

What is HLI's fair price?

Two classic value formulas, with today's numbers. The current price is $127.94.

Graham's fair price: —; HLI's earnings per share and book value per share are not available, so the formula cannot be computed.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $34.83; 72.77% below the price

$2.09 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

HLI's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2026	2025	2024	2023	2022	2021	2020	2019
Dividend yield	1.56%	1.36%	1.30%	1.82%	2.32%	1.56%	1.90%	2.46%
ROE	18.10%	18.39%	—	—	—	—	—	—
ROIC	16.98%	17.38%	—	—	—	—	—	—
Gross margin	—	32.32%	29.83%	30.79%	35.04%	34.18%	27.82%	28.22%
EBITDA margin	21.76%	22.76%	20.99%	22.10%	29.14%	27.75%	21.30%	21.54%
Net margin	16.20%	16.74%	14.63%	14.04%	19.30%	20.50%	15.85%	—
Net debt/EBITDA	—	—	—	—	—	-1.87	-1.39	-1.09

HLI's financial statements

Line	2026	2025	2024	2023	2022	2021
Net revenue	$2.6B	$2.4B	$1.9B	$1.8B	$2.3B	$1.5B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	$772.3M	$571.1M	$557.1M	$795.3M	$521.4M
EBITDA	$569.7M	$543.8M	$401.8M	$400M	$661.4M	$423.4M
EBIT	$527M	$502.6M	$373.2M	$341.7M	$612.9M	$408.2M
Financial result	$35.2M	$28.8M	$17.3M	-$17.7M	-$8.9M	$1.1M
Income before tax	$562.3M	$531.3M	$390.5M	$324M	$603.9M	$409.2M
Income tax	-$138.1M	-$131.6M	-$110.2M	-$69.8M	-$165.6M	-$96.5M
Net income	$424M	$400M	$280M	$254M	$438M	$312.8M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does HLI pay dividends?

Dividend yield per year

1.76%2017
2.74%2018
2.46%2019
1.90%2020
1.56%2021
2.32%2022
1.82%2023
1.30%2024
1.36%2025
1.56%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/31/2026	09/15/2026	$0.70
Dividend	05/29/2026	06/15/2026	$0.70
Dividend	02/27/2026	03/15/2026	$0.60
Dividend	11/28/2025	12/15/2025	$0.60
Dividend	09/01/2025	09/15/2025	$0.60
Dividend	05/30/2025	06/15/2025	$0.60
Dividend	02/28/2025	03/15/2025	$0.57
Dividend	11/29/2024	12/15/2024	$0.57
Dividend	09/02/2024	09/15/2024	$0.57
Dividend	05/31/2024	06/15/2024	$0.57
Dividend	02/28/2024	03/15/2024	$0.55
Dividend	11/29/2023	12/15/2023	$0.55

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/30/2023	09/15/2023	$0.55
Dividend	05/31/2023	06/15/2023	$0.55
Dividend	02/28/2023	03/15/2023	$0.53
Dividend	11/30/2022	12/15/2022	$0.53
Dividend	08/31/2022	09/15/2022	$0.53
Dividend	05/31/2022	06/15/2022	$0.53
Dividend	02/28/2022	03/15/2022	$0.43
Dividend	11/30/2021	12/15/2021	$0.43
Dividend	08/31/2021	09/15/2021	$0.43
Dividend	05/31/2021	06/15/2021	$0.43
Dividend	02/26/2021	03/15/2021	$0.33
Dividend	11/30/2020	12/15/2020	$0.33
Dividend	08/31/2020	09/15/2020	$0.33
Dividend	06/03/2020	06/15/2020	$0.31
Dividend	03/03/2020	03/16/2020	$0.31
Dividend	12/03/2019	12/16/2019	$0.31
Dividend	09/03/2019	09/16/2019	$0.31
Dividend	05/30/2019	06/14/2019	$0.31
Dividend	02/28/2019	03/15/2019	$0.27
Dividend	11/29/2018	12/14/2018	$0.27
Dividend	08/29/2018	09/15/2018	$0.27
Dividend	05/31/2018	06/15/2018	$0.27
Dividend	02/28/2018	03/15/2018	$0.20
Dividend	11/30/2017	12/15/2017	$0.20
Dividend	08/29/2017	09/15/2017	$0.20
Dividend	05/30/2017	06/15/2017	$0.20
Dividend	02/28/2017	03/15/2017	$0.20
Dividend	11/30/2016	12/15/2016	$0.17

About Houlihan Lokey

Sector: Finance, insurance and real estate

Questions about HLI

How much is HLI today?

HLI is at $127.94 (0.82% on the day), last traded on 10/06/2026.

How much did HLI pay in dividends in 2025?

HLI paid $2.37 per share in 2025, a dividend yield of 1.36%.

How much did HLI return in 12 months?

HLI returned -25.78% in 12 months, with annualized volatility of 19.76% and a largest drawdown of -27.59%.