← HOULIHAN LOKEY, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $872.1m |
$963.4m
+10.47%
|
$1.1b
+12.56%
|
$1.2b
+6.91%
|
$1.5b
+31.58%
|
$2.3b
+48.81%
|
$1.8b
-20.29%
|
$1.9b
+5.80%
|
$2.4b
+24.81%
|
$2.6b
+9.55%
|
$2.5b
-3.59%
|
|
| Cost of Revenue | $630.6m |
$685.8m
+8.75%
|
$778.4m
+13.51%
|
$836.8m
+7.51%
|
$1.0b
+19.99%
|
$1.5b
+46.87%
|
$1.3b
-15.07%
|
$1.3b
+7.26%
|
$1.6b
+20.38%
|
— | $1.6b | |
| Gross Profit | $241.5m |
$277.6m
+14.96%
|
$306.0m
+10.23%
|
$322.5m
+5.41%
|
$521.4m
+61.64%
|
$795.3m
+52.54%
|
$557.1m
-29.95%
|
$571.1m
+2.51%
|
$772.3m
+35.24%
|
— | $971.7m | |
| Labor and Related Expense | $582.2m | $636.6m | $692.1m | $737.8m | $971.2m | $1.4b | $1.1b | $1.2b | $1.5b | $1.6b | — | |
| Amortization of Intangible Assets | $3.1m | $1.7m | $6.0m | $1.7m | $4.2m | $33.9m | $45.0m | $10.8m | $19.3m | $15.1m | — | |
| Operating Lease, Expense | $27.1m | $28.6m | $38.7m | $44.7m | $39.2m | $47.7m | $55.8m | $76.1m | $77.9m | $79.8m | — | |
| Other operating expenses | $15.5m | $13.8m | $32.2m | $39.5m | $28.8m | $49.6m | $67.6m | $58.8m | $68.9m | $73.0m | — | |
| Operating Expenses | $690.1m | $748.9m | $864.9m | $929.8m | $1.1b | $1.7b | $1.5b | $1.6b | $1.9b | $2.1b | $1.9b | |
| Operating Income (Loss) | $182.0m |
$214.4m
+17.83%
|
$219.5m
+2.37%
|
$229.6m
+4.59%
|
$408.2m
+77.77%
|
$612.9m
+50.15%
|
$341.7m
-44.24%
|
$362.9m
+6.18%
|
$501.5m
+38.22%
|
$527.0m
+5.08%
|
$581.5m
+10.34%
|
|
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $671k | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | $5.1m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($3.8m) | $3.2m | $609k | — | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($3.5m) | $3.4m | $4.8m | $6.0m | $1.1m | ($8.9m) | ($17.7m) | $27.7m | $29.8m | $35.2m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $363.2m | $550.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $178.5m | $217.8m | $224.3m | $235.6m | $409.2m | $603.9m | $324.0m | $390.5m | $531.3m | $562.3m | $550.3m | |
| Provision for income taxes | $70.1m | $45.6m | $65.2m | $51.9m | $96.5m | $165.6m | $69.8m | $110.2m | $131.6m | $138.1m | — | |
| Current Income Tax Expense (Benefit) | $76.2m | $52.1m | $75.9m | $61.5m | $117.7m | $236.7m | $73.2m | $89.8m | $132.6m | $163.2m | $146.1m | |
| Net Income (Loss) Attributable to Parent | $108.3m |
$172.3m
+59.02%
|
$159.1m
-7.65%
|
$183.8m
+15.52%
|
$312.8m
+70.18%
|
$437.8m
+39.96%
|
$254.2m
-41.93%
|
$280.3m
+10.26%
|
$399.7m
+42.60%
|
$425.7m
+6.50%
|
$405.7m
-4.70%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | $0 | — | $0 | $0 | $573k | $0 | $0 | $0 | ($1.5m) | $405.7m | |
| Earnings Per Share, Basic | $1.77 | $2.76 | $2.56 | $2.96 | $4.75 | $6.74 | $4.01 | $4.36 | $6.08 | $6.40 | $6.10 | |
| Earnings Per Share, Diluted | $1.63 | $2.60 | $2.42 | $2.80 | $4.55 | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 | $5.95 | |
| Basic (in shares) | $61.1m | $62.5m | $62.2m | $62.2m | $65.8m | $65.0m | $63.4m | $64.3m | $65.7m | $66.5m | $66.6m | |
| Fully diluted (in shares) | $66.6m | $66.3m | $65.8m | $65.7m | $68.7m | $68.3m | $67.6m | $68.2m | $68.7m | $68.4m | — | |
| Weighted Average Number of Shares Outstanding, Basic | 61.1m | 62.5m | 62.2m | 62.2m | 65.8m | 65.0m | 63.4m | 64.3m | 65.7m | 66.5m | 66.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 66.6m | 66.3m | 65.8m | 65.7m | 68.7m | 68.3m | 67.6m | 68.2m | 68.7m | 68.4m | 68.1m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | $54.8m | $73.6m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $8.9m | $7.9m | $14.5m | $17.3m | $15.2m | $48.5m | $58.2m | $28.5m | $41.3m | $42.6m | $34.6m | |
| Other Cost and Expense, Operating | $15.5m | $13.8m | $32.2m | $39.5m | $28.8m | $49.6m | $67.6m | $58.8m | $68.9m | $73.0m | — | |
| Employee compensation and benefits | $582.2m | $636.6m | $692.1m | $737.8m | $971.2m | $1.4b | $1.1b | $1.2b | $1.5b | $1.6b | — | |
| Acquisition related compensation and benefits | — | — | — | — | — | — | $35.1m | $36.2m | $54.8m | $73.6m | — | |
| Travel, meals, and entertainment | $21.7m | $26.4m | $42.9m | $41.9m | $6.5m | $22.5m | $51.1m | $65.3m | $64.9m | $72.4m | — | |
| Rent | $27.1m | $28.6m | $38.7m | $44.7m | $39.2m | $47.7m | $55.8m | $76.1m | $77.9m | $79.8m | $82.8m | |
| Depreciation and amortization | $8.9m | $7.9m | $14.5m | $17.3m | $15.2m | $48.5m | $58.2m | $28.5m | $41.3m | $42.6m | $34.6m | |
| Information technology and communications | $17.6m | $18.5m | $21.5m | $26.9m | $31.6m | $41.7m | $54.1m | $60.2m | $69.4m | $76.2m | — | |
| Professional fees | $13.1m | $17.1m | $23.0m | $21.7m | $24.7m | $38.3m | $32.9m | $49.1m | $41.2m | $45.1m | — | |
| Revaluation of acquisition contingent consideration | — | — | — | — | — | — | — | ($10.4m) | ($1.0m) | $17.9m | — | |
| Other (income) expense, net | ($3.5m) | ($3.4m) | ($4.8m) | ($6.0m) | ($1.1m) | $8.9m | $17.7m | ($27.7m) | ($29.8m) | ($35.2m) | ($31.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.