Stock Analysis
Houlihan Lokey, Inc.HLI
P/E 22.29×· 5Y range 11.07–45.84×· 30th percentile of history
Sector: Financial Services · Industry: Investment Advice
AnalystsBuy14 analystsP/E 22.3× sits at the 30th percentile of its 5.059548254620124-year history.
Cash covers 151% of debt · Q1 2027.
PMP Verdict
High quality, fairly valued
Strengths
- Quality90
- Financial Health81
Risks
- Growth31
Strong fundamentals at a reasonable valuation.
Bull Case
- ✓Altman Z 4.7 — safe-zone balance sheet
- ✓ROE 17.2% — efficient capital deployment
- ✓Interest coverage 1833.2× — debt well covered
What's happening with HLI
Profile
Strong earnings quality, financial health, profitability and moat; growth lags behind.
How is each axis scored?
- Valuation72/100 · Moderate
- P/E vs own history (30th pct)20/25
- FCF yield (5.4%)20/25
- P/S (3.6x)20/25
- EV/EBIT (17.1x)12/25
- Growth31/100 · Weak
- Revenue CAGR (3.6%)6/25
- Net income CAGR (-0.7%)0/25
- EPS CAGR 5Y (-0.8%)0/25
- Fwd implied growth (32.5%)25/25
- Profitability80/100 · Strong
- ROIC (19.3%)20/25
- ROE (17.2%)20/25
- Net margin (16.1%)20/25
- Operating margin (20.4%)20/25
- Financial Health81/100 · Strong
- Altman Z (4.72)25/25
- Current ratio (0.98)6/25
- Interest coverage (1833.2x)25/25
- Net cash / debt (Net cash)25/25
- Quality90/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-7.05)25/25
- FCF conversion (119%)25/25
- Margin stability (σ 3.7%)25/25
- Moat75/100 · Strong
- ROIC >12% years (9/9 yrs)25/25
- Median gross margin (n/a)0/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 14.0%)25/25
Risk Flags
- ⚠SBC 8.1% of revenue — real dilution cost
About Houlihan Lokey, Inc.
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. Show more
The firm serves corporations, institutions, and governments world-wide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. The Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.
Headquarters: LOS ANGELES, CA · Employees: 2,800 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
72B+P/E (TTM)22.3xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 11.1x–45.8x · 30th pct
P/FCF10.8xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield5.4%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -1.2%–17.9% · 49th pct
P/S (TTM)3.59xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 2.2x–6.7x · 30th pct
EV/EBIT17.1xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 15.5x–18.7x · 69th pct
EV/Sales3.3xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E16.8xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.83xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.75B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.04%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio45.0%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
80AROIC19.3%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE17.2%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA10.3%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin16.1%A
Grade A: HighNet Income / Revenue
Operating Margin20.4%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin—
Gross Profit / Revenue
FCF Margin19.2%A
Grade A: HighFCF / Revenue
True FCF Margin11.1%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
31DRevenue CAGR3.6%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-0.7%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-0.8%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth32.5%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+1.7%B
Grade B: FlatShare count change over 5Y
SBC / Net Income50.2%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue8.1%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
81AAltman Z-Score4.72A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.98xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.98xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage1833.2xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.21xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt1.51xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-7.05A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion119.3%A
Grade A: StrongFCF / Net Income
Margin Stability3.7%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue0.6%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.64xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Reichert Thomas Filed | Reichert Thomas | Grant / award | +925 | |
CRAIN CHRISTOPHER M Filed | CRAIN CHRISTOPHER M | SellC | -1000 | |
CRAIN CHRISTOPHER M Filed | CRAIN CHRISTOPHER M | SellOpen market sale | -1000 | |
CRAIN CHRISTOPHER M Filed | CRAIN CHRISTOPHER M | BuyC | +1.0K | |
ALLEY J LINDSEY Filed | ALLEY J LINDSEY | BuyOpen market buy | +4.0K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
CRAIN CHRISTOPHER M Filed | CRAIN CHRISTOPHER M | SellZ | -3197 | |
CRAIN CHRISTOPHER M Filed | CRAIN CHRISTOPHER M | Grant / award | +3.2K | |
Adelson Scott Joseph Filed | Adelson Scott Joseph | SellZ | -17274 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
75B+ROIC >12% Years9/9 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor14.0%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$5.81
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$10.66
Cash & short-term investments per share (Finnhub)
Book Value / Share$32.26
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$493.00M
Total debt obligations (short + long term)
Cash & Equiv.$745.00M
Cash and short-term investments
Net Debt$-252.00MA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$2.37B
Shareholders' equity (book value)
Asset / Liability2.75xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$9.05B
Current Market Capitalization
Beta0.94B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Houlihan Lokey, Inc. (HLI)
HLI is up 0.81% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Houlihan Lokey, Inc.. Altman Z-Score of 4.72 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -7.05 suggests a low likelihood of earnings manipulation.
- Houlihan Lokey, Inc. converts about 19% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- At a valuation score of 72/100, HLI trades near the cheapest end of its own historical range (P/E 22.3).
- The stock currently yields 2.0% in dividends.
See how HLI ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all HLI moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Regular | 124.23 | -4.09% | -2.75 |
| Oct 14 | After-hours | 124.95 | -3.54% | -2.37 |
| Oct 9 | Regular | 130.07 | +3.62% | 2.69 |
| Oct 9 | After-hours | 130.16 | +3.69% | 2.73 |
Frequently Asked Questions about HLI
What is the current Houlihan Lokey, Inc. (HLI) stock price?
HLI is trading at $129.55 at the last market close, up 0.81% on the session. PreMarketPrice tracks HLI pre-market, intraday and after-hours prices.
Is HLI stock a buy right now?
PreMarketPrice's quantitative model rates Houlihan Lokey, Inc.'s financial health at 81/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is HLI stock overvalued?
Houlihan Lokey, Inc. trades at a trailing P/E of 22.3 and our valuation score rates it 72/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Houlihan Lokey, Inc. report earnings?
No confirmed earnings date is currently scheduled for HLI. The Earnings section lists recent reports and updates as dates are announced.
What sector does Houlihan Lokey, Inc. operate in?
Houlihan Lokey, Inc. operates in the Financial Services sector, within the Investment Advice industry. The Related Stocks section lists sector peers for comparison.
What does Houlihan Lokey, Inc. do?
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting.
About Houlihan Lokey, Inc. (HLI) Stock
Houlihan Lokey, Inc. (HLI) is a US-listed stock operating in the Financial Services sector, specifically the Investment Advice industry. As of the latest update, Houlihan Lokey, Inc. is trading at $129.55, up 0.81% on the day with a market capitalization of $9.1 billion. The financial health score for HLI is 81/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for HLI stock.
HLI Stock Analysis & Key Metrics
On PreMarketPrice, you can track Houlihan Lokey, Inc. (HLI) across multiple dimensions:
- Pre-market price & movement: Real-time HLI stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for HLI with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Houlihan Lokey, Inc. across multiple reporting periods.
- Financial health score: A composite score of 81/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for HLI.
- Sector peers: Compare HLI against 6 other financial services stocks on key financial metrics.
Is HLI a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Houlihan Lokey, Inc. (HLI) as an investment. The financial health score of 81/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Houlihan Lokey, Inc. (HLI) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.