# Houlihan Lokey, Inc. (HLI) · Edgar & Edgarette company card

> Houlihan Lokey (HLI) grew revenue 9.5% in FY2026 to $2.6 billion, operating margin 20.1% against a 20.8% median for investment advice, equity 54.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1302215 · fiscal year ended 2026-03-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HLI) · [JSON](https://www.pops4.com/boards/company/HLI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $2.6B |
| Revenue growth, 1 year | 9.5% |
| Revenue growth per year | 3.6% |
| Operating margin | 20.1% (prior year 21.0%) |
| Net margin | 16.3% |
| Operating cash flow | $704M |
| Capital spending | $22M |
| Free cash flow | $682M |
| Cash | $1.2B |
| Long-term debt | — |
| Total assets | $4.3B |
| Total equity | $2.3B |
| Equity ÷ assets | 54.4% |
| Return on equity | 18.2% |
| Dividend per share | $0.3 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±27%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $2.6B (FY2026). Experience: revenue up 9.5% on the year, up 3.6% a year over 4 years; operating margin 20.1%, down from 21.0%. Soundness: equity 54.4% of assets, return on equity 18.2%, payout 40.9% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.2B and $3.8B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.8B to $4.6B. A statistical range, not company guidance. Against peers (22 filers, $50M+ revenue, investment advice): operating margin 20.1% against a 20.8% median; growth 9.5% against 7.5%.

Range logged 2026-09-24, receipt 53414fde07252889, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-10-05 ([filing](https://www.sec.gov/Archives/edgar/data/1302215/000119312526414411/0001193125-26-414411-index.htm))

## Recent filings

- 10-Q · filed 2026-10-30 · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000130221526000074/0001302215-26-000074-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000130221526000071/0001302215-26-000071-index.htm)
- 8-K · filed 2026-10-05 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000119312526414411/0001193125-26-414411-index.htm)
- 8-K · filed 2026-09-22 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000119312526398130/0001193125-26-398130-index.htm)
- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000119312526385184/0001193125-26-385184-index.htm)
- 8-K · filed 2026-08-13 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1302215/000119312526349634/0001193125-26-349634-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001302215.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1302215

## Cite

POPS4, Edgar & Edgarette: Houlihan Lokey, Inc. (HLI) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/HLI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.