# Houlihan Lokey, Inc. (HLI)

- Sector: Financials · Industry: Capital Markets
- SEC CIK: 0001302215 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001302215))
- Full page: https://inspectstocks.com/stocks/hli
- Data as of: price 2026-09-29; newest filing used 2026-07-31; latest fiscal period ended 2026-06-30

## Grade

**C+** on the growth-and-cash rubric, 3 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $2.5B | $1.8B |
| Revenue growing recently | failed | $2.5B | $2.6B |
| Free cash flow positive | passed | $484.8M |  |
| Free cash flow growing overall | passed | $484.8M | $218.8M |
| Free cash flow growing recently | failed | $484.8M | $681.8M |

Business quality (the + / − mark): 6 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 16.1% |  |
| Healthy profit margin | passed | 16.1% |  |
| Strong operating margin | passed | 20.4% |  |
| Good return on equity | passed | 17.3% |  |
| Debt under control | passed | 0.21 |  |
| Turns sales into cash | passed | 19.2% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $2.5B |
| Net income, trailing twelve months | $406.2M |
| Free cash flow, trailing twelve months | $484.8M |
| Net margin | 16.1% |
| Operating margin | 20.4% |
| Return on equity | 17.3% |
| Debt to equity | 0.21 |
| Diluted EPS, trailing twelve months | $5.96 |
| Share price | $127.45 |
| Market value | $8.6B |
| Price / earnings | 21.4x |
| Price / sales | 3.4x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/hli)
- [Financial statements](https://inspectstocks.com/stocks/hli/financials)
- [Competitors](https://inspectstocks.com/stocks/hli/peers)
- [Earnings](https://inspectstocks.com/stocks/hli/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.