Houlihan Lokey, Inc.
HLIFinancial Statements
Income Statement (Annual)
Amounts in millions
2025
3/31/2025
Revenue
2,389
Cost of Revenue
1,469
Gross Profit
920
Gross Margin
38.5%
Operating Income
502
Operating Margin
21.0%
Net Income
400
Net Margin
16.7%
EPS (Basic)
$6.08
EPS (Diluted)
$5.82
EBITDA
598
EBITDA Margin
25.0%
2024
3/31/2024
Revenue
1,914
Cost of Revenue
1,177
Gross Profit
737
Gross Margin
38.5%
Operating Income
363
Operating Margin
19.0%
Net Income
280
Net Margin
14.6%
EPS (Basic)
$4.36
EPS (Diluted)
$4.11
EBITDA
428
EBITDA Margin
22.3%
2023
3/31/2023
Revenue
1,809
Cost of Revenue
1,113
Gross Profit
697
Gross Margin
38.5%
Operating Income
342
Operating Margin
18.9%
Net Income
254
Net Margin
14.0%
EPS (Basic)
$4.01
EPS (Diluted)
$3.76
EBITDA
435
EBITDA Margin
24.0%
2022
3/31/2022
Revenue
2,270
Cost of Revenue
1,409
Gross Profit
861
Gross Margin
37.9%
Operating Income
613
Operating Margin
27.0%
Net Income
438
Net Margin
19.3%
EPS (Basic)
$6.74
EPS (Diluted)
$6.41
EBITDA
661
EBITDA Margin
29.1%
2021
3/31/2021
Revenue
1,525
Cost of Revenue
971
Gross Profit
554
Gross Margin
36.3%
Operating Income
408
Operating Margin
26.8%
Net Income
313
Net Margin
20.5%
EPS (Basic)
$4.75
EPS (Diluted)
$4.55
EBITDA
423
EBITDA Margin
27.8%