Stocks · Financial Services · Investment - Banking & Investment Services
Houlihan Lokey, Inc. HLI
$126.90 +0.42% Close, Oct 5, 2026 · NYSE · Market cap $8.83B
Weak trend
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Over the past year the stock returned -37.0%, behind the S&P 500 by 52.7 percentage points.
- The stock is 37% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 31%
- EPS growth (TTM, YoY)Bottom 29%
- FCF growth (TTM, YoY)Bottom 14%
- Revenue growth, 3-year CAGRBottom 43%
- Revenue growth accelerationBottom 19%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 9%
- Gross marginBottom 23%
- Operating marginBottom 50%
- Cash conversion (OCF / net income)Top 45%
- Accruals (lower is better)Top 23%
- Net debt / EBITDA (lower is better)Top 22%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 40%
- Free-cash-flow yieldBottom 37%
- EBITDA / enterprise valueTop 47%
- Sales / enterprise valueBottom 46%
- P/E vs own 5-year history (lower is better)Top 30%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 7%
- 6-month returnBottom 10%
- 1-year return vs S&P 500Bottom 8%
- Distance from 52-week highBottom 10%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 22%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyTop 34%
- Upside to consensus price targetTop 21%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 20%
- Maximum drawdown, 3 yearsBottom 25%
- Beta vs S&P 500 (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Top 22%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.5% | 1.7% | ↓ |
| EPS growth (YoY) | 6.9% | 0.2% | ↓ |
| Gross margin | 38.5% | 50.8% | ↑ |
| Operating margin | 20.0% | 21.8% | ↑ |
| FCF margin | 29.8% | 19.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.7% | 9.5% | ↓ | Bottom 31% |
| EPS growth (TTM, YoY) | 0.2% | 6.9% | ↓ | Bottom 29% |
| Gross margin | 50.8% | 38.5% | ↑ | Bottom 23% |
| Operating margin | 21.8% | 20.0% | ↑ | Bottom 50% |
| Net margin | 16.1% | 16.5% | ↓ | — |
| Free-cash-flow margin | 19.2% | 29.8% | ↓ | — |
| Return on invested capital | 13.7% | — | Top 9% | |
| Revenue growth, 3-year CAGR | 13.1% | — | Bottom 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.23×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 8.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -45.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.42×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.07%
- Net buyback yield (TTM)
- 2.04%
- Shareholder yield
- 4.11%
- Share count change, 1 year
- -1.9%
- Share count change, 3-year CAGR
- -0.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- -3.1%
- Average 2-day reaction, last 8
- -0.6%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $163.60
- Target vs current price
- +28.9%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 60%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | -17.7% | -4.4% | -11.8% | -11.3% | — |
| May 6, 2026 | -8.9% | -2.0% | -0.4% | -7.8% | -16.4% |
| Jan 28, 2026 | +4.9% | +0.5% | -8.5% | -7.6% | -11.9% |
| Oct 30, 2025 | +9.5% | +0.5% | -9.6% | -11.7% | -9.4% |
| Jul 29, 2025 | +27.4% | -0.6% | +0.2% | +1.8% | +0.1% |
| May 7, 2025 | +21.0% | +0.8% | +9.5% | +6.8% | +16.5% |
| Jan 28, 2025 | +9.3% | +1.9% | +0.0% | -7.3% | -13.9% |
| Oct 30, 2024 | +11.5% | -1.2% | +2.8% | +14.0% | +10.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $1.35 | $1.64 | -17.7% | $511.0M |
| May 6, 2026 | $1.63 | $1.79 | -8.9% | $635.6M |
| Jan 28, 2026 | $1.94 | $1.85 | +4.9% | $717.1M |
| Oct 30, 2025 | $1.84 | $1.68 | +9.5% | $659.5M |
| Jul 29, 2025 | $2.14 | $1.68 | +27.4% | $605.3M |
| May 7, 2025 | $1.96 | $1.62 | +21.0% | $666.4M |
| Jan 28, 2025 | $1.64 | $1.50 | +9.3% | $634.4M |
| Oct 30, 2024 | $1.46 | $1.31 | +11.5% | $575.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 21.3× | 26.0× | 33th | Bottom 40% |
| P/E (forward) | 18.3× | — | — | — |
| EV / EBITDA | 14.4× | — | — | Top 47% |
| EV / Sales | 3.40× | — | — | Bottom 46% |
| Free-cash-flow yield | 5.49% | — | — | Bottom 37% |
| Earnings yield | 4.69% | — | — | Bottom 40% |
P/E over the past five years
Range 13.4× – 35.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -37.0%
- Earnings per share growth (TTM)
- +0.2%
- Change in P/E multiple
- -34.9%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.1%
- 200-day average slope (20 days)
- -2.9%
- Distance from 50-day average
- -3.0%
- Distance from 200-day average
- -15.0%
- RSI (14)
- 42.1
- Relative volume
- 0.69×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 35.8%
- Volatility vs own 5-year history
- 86th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.98
- Correlation with S&P 500
- 0.54
- Current drawdown from 1-year high
- -37.3%
- Maximum drawdown, 3 years
- -41.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 23, 2025 | Aug 10, 2026 | -41.0% | 220 days | Not yet recovered |
| Jan 12, 2022 | Jul 14, 2022 | -37.2% | 125 days | 358 days (Dec 14, 2023) |
| Nov 25, 2024 | Apr 8, 2025 | -25.7% | 90 days | 63 days (Jul 10, 2025) |
| Nov 11, 2021 | Dec 10, 2021 | -16.4% | 20 days | 22 days (Jan 12, 2022) |
| Jan 13, 2021 | Feb 26, 2021 | -12.0% | 30 days | 53 days (May 13, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $8.83B
- P/E (TTM)
- 21.3
- EPS, diluted (TTM)
- $5.95
- Revenue (TTM)
- $2.52B
- Dividend yield
- 2.05%
- 52-week range
- $112.83 – $205.36
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $2.27B | $1.81B | $1.91B | $2.39B | $2.62B |
| Gross profit | $861.3M | $696.6M | $737.0M | $919.9M | $2.57B |
| Operating income | $612.9M | $341.7M | $362.9M | $501.5M | $618.5M |
| Net income | $437.8M | $254.2M | $280.3M | $399.7M | $425.7M |
| EPS (diluted) | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $575.0M | $634.4M | $666.4M | $605.3M | $659.5M | $717.1M | $635.6M | $511.0M |
| Net income | $93.5M | $95.3M | $121.9M | $97.5M | $111.8M | $116.5M | $99.8M | $78.0M |
| EPS (diluted) | $1.37 | $1.39 | $1.76 | $1.42 | $1.63 | $1.70 | $1.47 | $1.15 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $736.6M | $136.3M | $328.5M | $848.6M | $704.1M |
| Capital expenditure | -$8.7M | -$50.7M | -$66.7M | -$39.7M | -$22.3M |
| Free cash flow | $727.9M | $85.5M | $261.7M | $808.9M | $681.8M |
| Dividends paid | -$114.8M | -$140.4M | -$148.5M | -$165.2M | -$174.0M |
| Net share buybacks | -$304.8M | -$48.7M | -$25.0M | -$52.5M | -$175.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $797.0M
- Total assets
- $3.72B
- Total liabilities
- $1.35B
- Total debt
- $493.0M
- Net debt
- -$252.0M
- Shareholders’ equity
- $2.25B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 1, 2026 | $0.70 | Sep 15, 2026 |
| Jun 1, 2026 | $0.70 | Jun 15, 2026 |
| Mar 2, 2026 | $0.60 | Mar 15, 2026 |
| Dec 1, 2025 | $0.60 | Dec 15, 2025 |
| Sep 2, 2025 | $0.60 | Sep 15, 2025 |
| Jun 2, 2025 | $0.60 | Jun 15, 2025 |
| Mar 3, 2025 | $0.57 | Mar 15, 2025 |
| Dec 2, 2024 | $0.57 | Dec 15, 2024 |
Short interest
- Shares sold short
- 2,588,193
- Days to cover
- 3.09
- Change vs previous report
- +1.9%
FINRA short interest, settlement date Sep 15, 2026.