HOULIHAN LOKEY, INC.
HLI · Investment Advice · 587.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$14M (gross $25M, SBC $39M)
Reference price $150.26 · est. market cap ~$88.3B — last insider sale, 2026-05-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B78Houlihan Lokey — advisory leader (restructuring + M&A + valuation).
Strengths
- ROA 71st pct, strong FCF (77th) and cash (79th)
- Counter-cyclical restructuring practice balances M&A
Risks
- Deal-flow cyclicality
- Compensation-cost leverage
Notable findings
- BankruptcyOur clients include companies, bondholder groups, financial institutions, banks and other secured creditor groups, trade creditors, official Chapter 11 creditors’ committees, equity holders, acquirers 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $1.2B cash & investments
- Revenue declineRevenue -11.4% YoY
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
20.1%
Net margin
16.3%
Return on assets
9.9%
Revenue growth (QoQ)
-11.4%
Net-income growth
6.5%
Free cash flow
$682M
EBITDA
$570M
Cash & investments
$1.2B
Stock comp / revenue
7.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | BEISER SCOTT L | Conversion | 6.3K | — |
| 2026-05-21 | BEISER SCOTT L | Sell | 6.3K | $150.26 |
| 2026-05-21 | Walker Cyrus D. | Grant | 996 | — |
| 2026-05-21 | Bassey Ekpedeme M | Grant | 797 | — |
| 2026-05-21 | Zucker Gillian Beth | Grant | 996 | — |
| 2026-05-21 | ZUBER PAUL ANDREW | Grant | 797 | — |
| 2026-05-21 | SCHRIESHEIM ROBERT A | Grant | 1.1K | — |
| 2026-05-21 | Mund Ronald Scott | Grant | 476 | — |
| 2026-04-01 | CRAIN CHRISTOPHER M | Conversion | 500 | — |
| 2026-04-01 | CRAIN CHRISTOPHER M | Sell | 500 | $143.40 |
| 2026-02-06 | SCHRIESHEIM ROBERT A | Sell | 5.0K | $170.86 |
| 2026-01-02 | CRAIN CHRISTOPHER M | Conversion | 500 | — |
| 2026-01-02 | CRAIN CHRISTOPHER M | Sell | 500 | $174.17 |
| 2025-12-05 | GOLD IRWIN | Conversion | 5.0K | — |
| 2025-12-05 | GOLD IRWIN | Gift | 5.0K | — |
| 2025-11-26 | CRAIN CHRISTOPHER M | Conversion | 1.2K | — |
| 2025-11-26 | CRAIN CHRISTOPHER M | Gift | 1.2K | — |
| 2025-11-10 | BEISER SCOTT L | Conversion | 8.0K | — |
| 2025-11-10 | BEISER SCOTT L | Gift | 8.0K | — |
| 2025-10-01 | Mund Ronald Scott | Grant | 483 | — |
| 2025-09-16 | GOLD IRWIN | Conversion | 6.8K | — |
| 2025-09-16 | GOLD IRWIN | Sell | 6.8K | $202.75 |
| 2025-09-02 | CRAIN CHRISTOPHER M | Conversion | 500 | — |
| 2025-09-02 | CRAIN CHRISTOPHER M | Sell | 500 | $196.22 |
| 2025-08-27 | SIEGERT PAUL ERIC | Conversion | 40K | — |
| 2025-08-27 | SIEGERT PAUL ERIC | Sell | 40K | $199.95 |
| 2025-07-14 | Zucker Gillian Beth | Sell | 200 | $191.65 |
| 2025-06-30 | GOLD IRWIN | Sell | 5.0K | $182.81 |
| 2025-06-30 | GOLD IRWIN | Conversion | 5.0K | — |
| 2025-06-26 | GOLD IRWIN | Gift | 5.0K | — |
| 2025-06-24 | GOLD IRWIN | Conversion | 5.0K | — |
| 2025-06-13 | Zucker Gillian Beth | Sell | 200 | $174.37 |
| 2025-06-02 | CRAIN CHRISTOPHER M | Conversion | 500 | — |
| 2025-06-02 | CRAIN CHRISTOPHER M | Sell | 500 | $173.02 |
| 2025-05-22 | ZUBER PAUL ANDREW | Grant | 563 | — |
| 2025-05-22 | Walker Cyrus D. | Grant | 732 | — |
| 2025-05-22 | Bassey Ekpedeme M | Grant | 563 | — |
| 2025-05-22 | Zucker Gillian Beth | Grant | 732 | — |
| 2025-05-22 | KOSECOFF JACQUELINE B | Grant | 563 | — |
| 2025-05-22 | SCHRIESHEIM ROBERT A | Grant | 845 | — |
| 2025-05-19 | BEISER SCOTT L | Conversion | 8.0K | — |
| 2025-05-19 | BEISER SCOTT L | Sell | 8.0K | $178.71 |
| 2025-05-19 | BEISER SCOTT L | Conversion | 15K | — |
| 2025-05-19 | BEISER SCOTT L | Gift | 15K | — |
| 2025-05-13 | Zucker Gillian Beth | Sell | 200 | $178.46 |
| 2025-04-14 | Zucker Gillian Beth | Sell | 200 | $154.41 |
| 2025-03-13 | Zucker Gillian Beth | Sell | 200 | $158.27 |
| 2025-02-13 | Zucker Gillian Beth | Sell | 200 | $178.97 |
| 2025-01-13 | Zucker Gillian Beth | Sell | 200 | $165.63 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-22 | 2026-03-31 | 0001302215-26-000053 ↗ |
| 8-K | 2026-05-07 | 2026-05-06 | 0001302215-26-000014 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-072058 ↗ |
| 10-Q | 2026-02-03 | 2025-12-31 | 0001302215-26-000007 ↗ |
| 8-K | 2026-01-29 | 2026-01-24 | 0001193125-26-029644 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0001302215-26-000003 ↗ |
| 8-K | 2025-12-30 | 2025-12-30 | 0001193125-25-337079 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001302215-25-000111 ↗ |
| 8-K | 2025-10-31 | 2025-10-30 | 0001302215-25-000108 ↗ |
| 8-K | 2025-10-06 | 2025-09-30 | 0001193125-25-231919 ↗ |
| 8-K | 2025-09-19 | 2025-09-17 | 0001193125-25-209055 ↗ |
| 8-K | 2025-08-21 | 2025-08-20 | 0001193125-25-184314 ↗ |