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Established in 1972, Houlihan Lokey, Inc. is a leading global independent investment bank with expertise in mergers and acquisitions ( M&A ), capital markets, financial restructurings and liability management, and financial and valuation advisory. Through our offices in the Americas, Europe, Asia, Australia, and the Middle East, we serve a diverse set of clients worldwide, including corporation…
20.13% operating margin is above average. ROIC at 14.28%.
Revenue grew 9.5%, steady but not accelerating. Free cash flow declined 16% despite revenue growth, conversion is weakening.
Free cash flow declined 16% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$2.62B
▲ +9.5% YoY
Net Income (TTM)
$426M
▲ +6.5% YoY
Op. Margin
20.13%
▼ -0.9pp YoY
ROIC
14.28%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$682M
▼ -15.7% YoY
Op. Cash Flow (TTM)
$704M
▼ -17.0% YoY
Net Debt
-$697M
Net Cash Position
Cash & Equiv.
$1.19B
5Y CAGR: +11.4%
5Y CAGR: +3.8%
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