SuperworthHoulihan Lokey profit margin HLI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- 16.1%
- Operating margin, 12 months
- 20.4%
- Net margin on a year earlier
- −0.4 pts
- Peer median
- 16.1%
Over the twelve months to Jun 30, 2026, Houlihan Lokey kept 16.1% of its revenue as net profit, with an operating margin of 20.4%.
Five years earlier its net margin was 20.9%.
The median for 10 asset managers of a similar size is 16.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2026 | 16.3% | 20.1% |
| FY2025 | 16.7% | 21.0% |
| FY2024 | 14.6% | 19.0% |
| FY2023 | 14.0% | 18.9% |
| FY2022 | 19.3% | 27.0% |
| FY2021 | 20.5% | 26.8% |
| FY2020 | 15.9% | 19.8% |
| FY2019 | 14.7% | 20.2% |
| FY2018 | 17.9% | 22.3% |
| FY2017 | n/a | n/a |
| FY2016 | n/a | n/a |
| FY2015 | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 16.1% | −0.4 pts | 20.4% | |
| Q4 FY26 | 16.3% | −0.5 pts | 20.1% | |
| Q3 FY26 | 16.9% | +0.9 pts | 20.5% | |
| Q2 FY26 | 16.6% | +0.9 pts | 20.2% | |
| Q1 FY26 | 16.5% | +1.2 pts | 20.1% | |
| Q4 FY25 | 16.7% | +2.1 pts | 21.0% | |
| Q3 FY25 | 16.0% | +1.9 pts | 20.7% | |
| Q2 FY25 | 15.8% | +1.7 pts | 20.0% | |
| Q1 FY25 | 15.3% | +1.7 pts | 19.1% | |
| Q4 FY24 | 14.6% | +0.6 pts | 19.0% | |
| Q3 FY24 | 14.1% | −0.1 pts | 19.1% | |
| Q2 FY24 | 14.1% | −2.3 pts | 19.0% |
Against its peers
Companies in Asset Management nearest Houlihan Lokey's size, closest first, today.
| Company | Profit margin |
|---|---|
| HLIHoulihan Lokey | 16.1% |
| EVREvercore | 15.7% |
| AMGAffiliated Managers | 37.7% |
| IDCCInterDigital | 38.3% |
| MORNMorningstar | 16.4% |
| VCTRVictory Capital | 29.6% |
| CGCarlyle | 10.1% |
| DLBDolby Laboratories | 16.7% |
| OWLBlue OWL Capital | 2.7% |
| BENFranklin Resources | 8.7% |
| TPGTPG | 4.7% |
| Peer median | 16.1% |
Where Houlihan Lokey ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Houlihan Lokey
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.