Houlihan Lokey, Inc.: Business Overview, Financials & Competitive Analysis
Houlihan Lokey, Inc. scores 8/10 on the AskCyborg Cyborg Score (Strong). Market leadership with exceptional earnings consistency and strong revenue growth positions HLI for sustained premium valuations despite elevated M&A activity. Houlihan Lokey beat Wall Street's revenue expectations in Q4 2025 with sales up 13% year-on-year to $717.1 million and non-GAAP profit 3.6% above consensus estimates. HLI shares have outperformed.
What is Houlihan Lokey, Inc.'s industry? Houlihan Lokey, Inc. (hl.com) operates in Investment Banking and Financial Advisory. AskCyborg classifies Houlihan Lokey, Inc. under Investment Banking and Financial Advisory in its company registry.
Houlihan Lokey is an investment banking company providing merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The f...
Cyborg Score thesis
Market leadership with exceptional earnings consistency and strong revenue growth positions HLI for sustained premium valuations...
Read the full analyst-debate transcript →Get the Latest Houlihan Lokey, Inc. Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeHoulihan Lokey, Inc. Overview
Pro stress-test →Houlihan Lokey is an investment banking company providing merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The firm is ranked the No. 1 investment bank for global M&A transactions for the past two years, No. 1 M&A advisor for the past 10 years in the U.S., and No. 1 global restructuring advisor for the past 11 years.
Strategic Profile
Pro stress-test →Its Corporate Finance division has particular strength in sell-side advisory for mid-cap transactions—a segment often underserved by larger investment banks. The firm's competitive edge is rooted in its independence, its focus on the middle market, and its dominance in highly technical, complex advisory work.
Competitive Landscape
Pro stress-test →Houlihan Lokey competes with other independent investment banks like Lazard, Evercore, and PJT Partners, as well as the investment banking divisions of larger financial institutions such as Goldman Sachs, Morgan Stanley, and JPMorgan Chase. As an independent mid-market specialist, HLI differentiates through technical expertise and personalized senior-level client engagement.
Industry Context
Houlihan Lokey, Inc. operates in Investment Banking and Financial Advisory.
Key facts
Founded: 1972 · Headquarters: Los Angeles, US · Employees: 2,702 · Revenue: $2.39B · Market cap: $12.6B