Houlihan Lokey (HLI) Financial Ratios: P/E, ROE & More

Houlihan Lokey (HLI) Financial Ratios

For fiscal 2026 (fiscal year ended Mar 31, 2026), Houlihan Lokey had a P/E ratio of 23.54 (down from 28.34), return on equity of 18.3% (down from 19.9%), debt-to-equity of 0.20 (unchanged) and a current ratio of 1.35 (up from 1.34). A current ratio of 1.35 means current assets exceed current liabilities. Its dividend yield was 1.66% with a payout ratio of 40.9%.

Houlihan Lokey Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Valuation Ratios
P/E Ratio	23.54	28.34	31.61	23.62	13.51	14.62
Forward P/E	17.28	23.71	23.96	17.45	13.38	16.70
P/S Ratio	3.83	4.74	4.63	3.32	2.61	2.97
P/B Ratio	4.09	5.21	4.82	3.72	4.10	3.28
Price/Tangible Book	13.50	16.72	17.31	18.64	46.97	3.30
Price/FCF	14.70	14.01	33.85	70.18	8.13	8.02
Price/OCF	14.23	13.35	26.97	44.06	8.03	7.82
PEG Ratio	1.68	1.68	1.73	1.73	1.73	1.73
Enterprise Value Ratios
EV/Revenue	-	-	-	-	-	2.40
EV/EBITDA	-	-	-	-	-	8.63
EV/EBIT	-	-	-	-	-	8.96
EV/FCF	-	-	-	-	-	6.46
Profitability & Returns
Return on Equity (ROE)	18.33%	19.93%	16.25%	16.63%	31.01%	26.42%
Return on Assets (ROA)	10.44%	11.44%	9.13%	8.68%	16.50%	15.21%
Return on Invested Capital (ROIC)	16.79%	17.20%	13.51%	16.45%	27.98%	46.50%
Return on Capital Employed (ROCE)	-	-	-	-	-	29.32%
Leverage & Solvency Ratios
Debt/Equity	0.20	0.20	0.23	0.23	0.14	0.13
Debt/EBITDA	-	-	-	-	-	0.41
Debt/FCF	0.72	0.54	1.59	4.38	0.27	0.31
Liquidity Ratios
Current Ratio	1.35	1.34	1.35	1.15	0.94	1.58
Quick Ratio	1.35	1.33	1.35	1.15	0.94	1.30
Efficiency Ratios
Asset Turnover	0.64	0.68	0.62	0.62	0.85	0.74
Yield & Distribution Ratios
Earnings Yield	4.25%	3.53%	3.16%	4.23%	7.40%	6.84%
FCF Yield	6.80%	7.14%	2.95%	1.43%	12.31%	12.47%
Dividend Yield	1.66%	1.41%	1.72%	2.43%	1.96%	2.10%
Payout Ratio	40.88%	41.33%	52.96%	55.22%	26.23%	29.42%
Buyback Yield	0.33%	-0.73%	-0.85%	0.99%	0.60%	-4.48%
Total Return	1.99%	0.67%	0.87%	3.41%	2.56%	-2.38%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Houlihan Lokey Financial Ratios

What is Houlihan Lokey's P/E ratio?

Houlihan Lokey's P/E ratio was 23.54 for fiscal 2026 (period ended Mar 31, 2026). It was 28.34 a year earlier.

What is Houlihan Lokey's return on equity?

Houlihan Lokey's return on equity (ROE) was 18.3% for fiscal 2026 (period ended Mar 31, 2026). It was 19.9% a year earlier.

What is Houlihan Lokey's debt-to-equity ratio?

Houlihan Lokey's debt-to-equity ratio was 0.20 for fiscal 2026 (period ended Mar 31, 2026). It was 0.20 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition