FN2 Earnings Intelligence
Houlihan Lokey, Inc. cash flow
Houlihan Lokey, Inc. (HLI) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | 3/31/2026 | 3/31/2027 est. | 3/31/2028 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $833.7 | $714.4 | $721.2 | $971 | $1,189.5 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $2,270 | $1,809.4 | $1,914.4 | $2,389.4 | $2,617.5 | $2,718.3 | $3,127.7 |
| % Growth | 48.8% | -20.3% | 5.8% | 24.8% | 9.5% | 3.9% | 15.1% |
| Gross Profit | $795.3 | $557.1 | $571.1 | $772.3 | $853.9 | - | - |
| % Margin | 35.0% | 30.8% | 29.8% | 32.3% | 32.6% | - | - |
| EBITDA | $661.4 | $400 | $391.4 | $542.8 | $569.7 | - | - |
| % Margin | 29.1% | 22.1% | 20.4% | 22.7% | 21.8% | - | - |
| Net Income | $437.8 | $254.2 | $280.3 | $399.7 | $425.7 | - | - |
| % Margin | 19.3% | 14.0% | 14.6% | 16.7% | 16.3% | - | - |
| Diluted EPS | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 | $7.28 | $8.70 |
| % Growth | 40.9% | -41.3% | 9.3% | 41.6% | 6.9% | 17.0% | 19.6% |
| Operating Cash Flow | $736.6 | $136.3 | $328.5 | $848.6 | $704.1 | - | - |
| CapEx | $8.7 | $50.7 | $66.7 | $39.7 | $22.3 | - | - |
| Free Cash Flow | $727.9 | $85.5 | $261.7 | $808.9 | $681.8 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | 3/31/2026 | 3/31/2027 est. | 3/31/2028 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $2,270 | $1,809.4 | $1,914.4 | $2,389.4 | $2,617.5 | $2,718.3 | $3,127.7 |
| Gross Profit | $795.3 | $557.1 | $571.1 | $772.3 | $853.9 | - | - |
| EBITDA | $661.4 | $400 | $391.4 | $542.8 | $569.7 | - | - |
| Net Income | $437.8 | $254.2 | $280.3 | $399.7 | $425.7 | - | - |
| Diluted EPS | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 | $7.28 | $8.70 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $833.7 | $714.4 | $721.2 | $971 | $1,189.5 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $736.6 | $136.3 | $328.5 | $848.6 | $704.1 |
| Capital Expenditure | $8.7 | $50.7 | $66.7 | $39.7 | $22.3 |
| Free Cash Flow | $727.9 | $85.5 | $261.7 | $808.9 | $681.8 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 3/31/2022 | 3/31/2023 | 3/31/2024 | 3/31/2025 | 3/31/2026 |
|---|---|---|---|---|---|
| Revenue Growth | 48.8% | -20.3% | 5.8% | 24.8% | 9.5% |
| Gross Margin | 35.0% | 30.8% | 29.8% | 32.3% | 32.6% |
| EBITDA Margin | 29.1% | 22.1% | 20.4% | 22.7% | 21.8% |
| Net Margin | 19.3% | 14.0% | 14.6% | 16.7% | 16.3% |
| FCF Margin | 32.1% | 4.7% | 13.7% | 33.9% | 26.0% |
| Diluted EPS Growth | 40.9% | -41.3% | 9.3% | 41.6% | 6.9% |
Get the HLI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.