HOULIHAN LOKEY, INC.
Company Stats
- Market Cap
- $8.8B
- as of Sep 30, 2026
- Shares Outstanding
- 69.9M
- Free Float
- 53.0%
Income Statement
- Revenue
- $2.6B
- Operating Income
- $527.0M
- Net Income
- $425.7M
- EBITDA
- $569.7M
- Revenue Growth, 3Y
- 13.1%
- FCF Margin, 3Y Avg
- 24.5%
- FCF Margin, Worst Year
- 13.7%
Cash Flow
- Free Cash Flow
- $681.8M
- FCF Yield
- 7.7%
- Owner FCF Yield
- 5.4%
Balance Sheet
- Cash & Equivalents
- $1.2B
Returns & Capital
- Dividends Paid
- $174.0M
- Dividend Yield
- 2.0%
- Dividend Payout, 3Y Avg
- 45.1%
- Share Repurchases
- $175.4M
- Buyback Yield, 3Y Avg
- 1.0%
- SBC, 3Y Avg
- $178.8M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2026 | $2.6B | $681.8M | 26.0% |
| FY2025 | $2.4B | $808.9M | 33.9% |
| FY2024 | $1.9B | $261.7M | 13.7% |
| FY2023 | $1.8B | $85.5M | 4.7% |
| FY2022 | $2.3B | $727.9M | 32.1% |
Annual filing data through FY ended March 31, 2026; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back
Input Costs Squeeze Margins Even as Demand Holds Firm