What is the 13F Pro Quality Score for HLI?

13F Pro ranks HOULIHAN LOKEY, INC. (HLI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HLI's current score at https://13fpro.ai/company/HLI (free sign-up required for the full ranking).

Where does 13F Pro source HLI data?

All HOULIHAN LOKEY, INC. fundamentals and ownership data come directly from SEC EDGAR. HOULIHAN LOKEY, INC. files with the SEC under CIK 1302215. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HLI in?

HOULIHAN LOKEY, INC. (HLI) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives HLI's revenue?

Per HOULIHAN LOKEY, INC.'s latest 10-Q filed with the SEC on 2026-07-31, the biggest revenue drivers are: United States ($364M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/HLI.

What are HLI's largest expenses?

HOULIHAN LOKEY, INC.'s latest 10-Q reports these as the largest expense items: Compensation ($328M, -16% YoY); Non-compensation ($105M, -15% YoY); Corporate expenses ($76M, -22% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2027 (quarter ended June 30, 2026).

How often is HLI research updated on 13F Pro?

HLI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HOULIHAN LOKEY, INC.(HLI)Stock Analysis

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13F Pro Quality Score

67.8/100

Rank #342 of 2,961 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

65.2/100

Profitability

73.7/100

Balance Sheet

87.8/100

Earnings Quality

51.7/100

Free Cash Flow

71.7/100

Institutional Flow

71.7/100

Revenue Scale

66.8/100

Dilution Risk

19.4/100

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Why HLI Scores 68/100

exact factor attribution · 2026-09-11

HLI's composite is driven by capital efficiency and profitability, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Capital efficiency

+5.0 pts

88th pct

Profitability

+4.7 pts

74th pct

Revenue growth

+4.0 pts

65th pct

Scale

+3.4 pts

67th pct

Free cash flow

+3.3 pts

72th pct

Institutional flow

+1.4 pts

72th pct

Earnings growth

+1.2 pts

68th pct

Earnings quality

+0.2 pts

52th pct

Shareholder dilution

-2.0 pts

19th pct

Latest change (2026-08-02): 67 → 69 · ↑ Revenue growth 44→55

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

HLI Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for HOULIHAN LOKEY, INC. (HLI), a Financials sector company. 13F Pro's AI-powered ranking engine scores HLI at 67.8/100 on a 32-signal composite quality model, placing it at rank #342 of 2,961 stocks — the top 25% of the AI-ranked universe. HLI scores in the top quartile across balance sheet strength (87.8). Shareholder dilution risk is elevated at 19.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), HOULIHAN LOKEY, INC. reports quarterly revenue of $511.0M, net income of $78.0M, an operating margin of 15.3%. Top institutional holders of HLI by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. HLI trades on the NYSE exchange and files with the SEC under CIK 1302215. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HLI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HOULIHAN LOKEY, INC. directly from SEC EDGAR. HOULIHAN LOKEY, INC.'s 13F Pro composite quality score has ranged between 49 and 79 since 2021, currently 67.8 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about HOULIHAN LOKEY, INC.

Quirks, history, and lore behind HLI — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on the NYSE · headquartered in Los Angeles, California.
2
The Numbers
Annual revenues in the range of $2 billion, with a workforce of roughly 2,500 professionals spread across offices on multiple continents.
3
The History
Founded in 1972, it spent decades as a quietly elite independent advisory firm before going public on the NYSE in 2015.
4
The Secret
Unlike bulge-bracket rivals, it has no trading desk and no balance sheet risk — pure advice, pure fees, no drama.
5
The Lore
It is the world's #1 advisor on restructuring and distressed deals — when a company is going belly-up, this is the firm everyone calls.
6
The Giveaway
Its name sounds like a fancy law firm from 1890, its ticker is HLI, and it has quietly become the most powerful independent investment bank you've probably never heard of.

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What's Driving HLI's Business? Latest 10-Q Breakdown

✓ 40/40 datapoints verified

AI-extracted from HOULIHAN LOKEY, INC.'s 10-Q filed 2026-07-31 — Q1 FY2027 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenues fell 16% to $511 million as Corporate Finance dropped 24% on lower average transaction fees, cutting net income to $78 million from $98 million.

Biggest Revenue Drivers

United States$364M

Revenues by geography; U.S. down from $422M a year ago

Biggest Revenue Drivers

Total revenue: $511M-16% YoY

United States$364M

Revenues by geography; U.S. down from $422M a year ago

Largest Expense Items

Compensation$328M-16% YoY

Primarily a result of the decrease in revenues versus the same quarter last year

Non-compensation$105M-15% YoY

Lower revaluation of acquisition contingent consideration and depreciation/amortization, partly offset by higher professional fees

Corporate expenses$76M-22% YoY

Decrease in revaluation of acquisition contingent consideration and in depreciation and amortization

Professional fees$17M

Increased from $12 million in the prior-year quarter

Margins: Compensation Ratio improved slightly to 64.3% from 64.9%, but operating income fell 13% to $78 million as revenue declined faster than costs could adjust.

Watch Items from the Filing

Corporate Finance revenue fell 24% to $303 million and segment profit fell 30% to $89 million, despite Managing Directors rising 7% to 260.
Financial Restructuring closed transactions fell 34% to 23 from 35; management attributes the reduction to timing of transaction closings.
International revenues fell to $147 million from $183 million; $546 million of cash and equivalents sits in foreign subsidiaries.
Effective tax rate rose to 10% from 1% on decreased stock-based compensation deductions; excess tax benefits fell to $14 million from $31 million.
Unrecognized compensation cost of $497 million on unvested awards, up from $436 million, to be recognized over approximately 2.0 years.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$511.0M

Net Income

Q2 2026

$78.0M

Free Cash Flow

Q2 2026

$-342.0M

Operating Margin

Q2 2026

15.3%

ROIC

Q2 2026

13.8%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.5% YoY

$2.62BFY 2026

FY23 $1.81BFY24 $1.91BFY25 $2.39BFY26 $2.62B

Net Income

+6.5% YoY

$425.7MFY 2026

FY23 $254.2MFY24 $280.3MFY25 $399.7MFY26 $425.7M

Operating Income

+4.9% YoY

$527.0MFY 2026

FY23 $341.7MFY24 $373.2MFY25 $502.6MFY26 $527.0M

EPS (Diluted)

+6.9% YoY

$6.22FY 2026

FY23 $3.76FY24 $4.11FY25 $5.82FY26 $6.22

Total Assets

+12.8% YoY

$4.31BFY 2026

FY23 $2.97BFY24 $3.17BFY25 $3.82BFY26 $4.31B

Total Debt

—FY 2026

FY23 —FY24 —FY25 —FY26 —

Op. Cash Flow

-17.0% YoY

$704.1MFY 2026

FY23 $136.3MFY24 $328.5MFY25 $848.6MFY26 $704.1M

Free Cash Flow

-15.7% YoY

$681.8MFY 2026

FY23 $85.5MFY24 $261.7MFY25 $808.9MFY26 $681.8M

Metric	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$2.62B +9.5%	$2.39B +24.8%	$1.91B +5.8%	$1.81B -20.3%	$2.27B +48.8%	$1.53B
Net Income	$425.7M +6.5%	$399.7M +42.6%	$280.3M +10.3%	$254.2M -41.9%	$437.8M +40.0%	$312.8M
Operating Income	$527.0M +4.9%	$502.6M +34.7%	$373.2M +9.2%	$341.7M -44.2%	$612.9M +50.2%	$408.2M
EPS (Diluted)	$6.22 +6.9%	$5.82 +41.6%	$4.11 +9.3%	$3.76 -41.3%	$6.41 +40.9%	$4.55
Total Assets	$4.31B +12.8%	$3.82B +20.5%	$3.17B +6.8%	$2.97B +2.8%	$2.89B +19.0%	$2.43B
Total Debt	—	—	—	—	—	$55.9M
Operating Cash Flow	$704.1M -17.0%	$848.6M +158.4%	$328.5M +141.0%	$136.3M -81.5%	$736.6M +27.0%	$579.8M
Free Cash Flow	$681.8M -15.7%	$808.9M +209.1%	$261.7M +206.0%	$85.5M -88.2%	$727.9M +28.7%	$565.7M

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Available Research

13F Pro tracks comprehensive data for HOULIHAN LOKEY, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HLI

BlackRock, Inc.
$702.9M5,240,406 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$372.1M2,774,115 sh
VANGUARD CAPITAL MANAGEMENT LLC
$327.2M2,439,724 sh
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
$325.5M2,426,619 sh
EARNEST PARTNERS LLC
$291.4M2,172,720 sh
ROYAL BANK OF CANADA
$267.2M1,992,096 sh
STATE STREET CORP
$234.7M1,749,472 sh
MORGAN STANLEY
$226.7M1,690,245 sh
GEODE CAPITAL MANAGEMENT, LLC
$185.7M1,383,912 sh
BANK OF MONTREAL /CAN/
$174.5M1,300,687 sh

Fund	Value	Shares
BlackRock, Inc.	$702.9M	5,240,406
VANGUARD PORTFOLIO MANAGEMENT LLC	$372.1M	2,774,115
VANGUARD CAPITAL MANAGEMENT LLC	$327.2M	2,439,724
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	$325.5M	2,426,619
EARNEST PARTNERS LLC	$291.4M	2,172,720
ROYAL BANK OF CANADA	$267.2M	1,992,096
STATE STREET CORP	$234.7M	1,749,472
MORGAN STANLEY	$226.7M	1,690,245
GEODE CAPITAL MANAGEMENT, LLC	$185.7M	1,383,912
BANK OF MONTREAL /CAN/	$174.5M	1,300,687

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Is HLI a good stock to buy?

13F Pro's AI-powered analysis of HOULIHAN LOKEY, INC. (HLI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HLI are available on the HLI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. HLI is classified as a mid company.

Which hedge funds own HLI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HLI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HOULIHAN LOKEY, INC.'s investment landscape.