NYSE$HLI

Houlihan Lokey Inc. · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Houlihan Lokey's Q4 2024 financial performance reflected revenue growth and strategic expense management.

Houlihan Lokey reported a strong fourth quarter with revenues of $520 million, a 17% increase compared to the same quarter last year. Diluted EPS stood at $1.18, and adjusted diluted EPS was $1.27. The company's diversified business model and stability contributed to these results. The board also announced an increase in the quarterly dividend to $0.57 per share.

  • Revenues for the fourth quarter reached $520 million, a 17% increase year-over-year.
  • Diluted EPS for the quarter was reported at $1.18, while adjusted diluted EPS was $1.27.
  • Corporate Finance revenues increased by 12%, Financial Restructuring revenues increased by 29%, and Financial and Valuation Advisory revenues increased by 14%.
  • The company's Board of Directors increased the quarterly cash dividend to $0.57 per share.

Headline financials

Total Revenue

$520M

Previous: $445M+17.0%
EPS (adj)

$1.27

Previous: $1.11+14.4%
CF Closed Transactions

121

Previous: 140-13.6%
CF Managing Directors

223

Previous: 217+2.8%
FR Closed Transactions

35

Previous: 38-7.9%
FR Managing Directors

54

Previous: 57-5.3%
FVA Fee Events

1.0K

Previous: 957+7.1%
FVA Managing Directors

39

Previous: 39+0.0%
Capital Expenditures

$12.2M

Previous: $19.1M-36.0%
Net Income

$81.1M

Previous: $74.7M+8.6%
Operating Income

$103M

Previous: $90.6M+13.3%
Gross Profit

$125M

Previous: $162M-22.9%

Revenue & EPS history

Houlihan Lokey · Revenue · Quarterly

$520M

Q4 2024+17%vs Q4 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Houlihan Lokey · $467M total across 3 segments · Q2 2024

  • Corporate Finance
    $282M-10.6%
  • Financial Restructuring
    $115M+17.4%
  • Financial & Valuation Advisory
    $70.6M-8.1%

Forward guidance

Houlihan Lokey enters fiscal year 2025 with business momentum and a talented workforce but remains realistic about the pace of recovery in the M&A environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

63%

30 / 48 earnings

Positive

+12.2%

Q2 2022

Best reaction

-10.7%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.3%+1.5%-5.6%
Q3 2026-6.6%-0.7%-3.0%
Q2 2026-10.7%-10.0%-12.0%
Q4 2025+6.8%+8.7%+7.9%
Q3 2025-2.3%-1.9%-5.8%
Q2 2025+3.6%+2.2%+13.4%
Q1 2025+1.7%-1.5%+4.5%
Q4 2024+0.3%+1.3%-2.7%
Q3 2024+5.9%+3.7%+6.2%
Q2 2024+1.5%+3.7%+9.4%
Q1 2024-8.3%-7.2%-5.5%
Q4 2023+6.1%+1.6%+7.1%
Q3 2023-0.2%+3.2%-2.9%
Q2 2023+9.3%+10.8%+21.5%
Q1 2023+2.5%+1.7%-3.0%
Q4 2022+2.9%+6.3%-2.5%
Q3 2022+7.4%+3.2%-7.8%
Q2 2022+12.2%+17.8%+11.9%
Q1 2022-5.1%-3.5%+1.0%
Q4 2021+5.3%+10.7%+18.1%
Q3 2021-3.7%-1.2%-5.6%
Q2 2021-0.4%-1.6%+3.3%
Q1 2021-1.6%-2.2%+6.1%
Q4 2020-2.1%-0.4%-8.4%
Q3 2020+7.4%+8.6%+2.0%
Q2 2020-0.4%+1.0%+2.0%
Q1 2020+6.2%+4.1%-3.4%
Q4 2019+1.9%-1.9%-4.2%
Q3 2019+1.9%+1.0%+5.0%
Q2 2019+0.5%+5.4%+4.6%
Q1 2019-6.6%-6.5%-10.0%
Q4 2018+5.3%+4.1%+7.6%
Q3 2018-2.8%-7.8%-9.5%
Q2 2018+4.5%+0.5%+6.0%
Q1 2018+5.1%+1.1%-2.0%
Q4 2017+6.3%+1.9%-1.0%
Q3 2017+5.1%+4.7%+3.5%
Q2 2017-2.8%-3.7%+19.5%
Q1 2016-0.5%+0.7%-4.4%
Q1 2017+2.3%+7.9%+4.9%
Q4 2014-2.4%-5.9%-2.3%
Q4 2016+0.1%
Q3 2015-1.1%
Q3 2016+0.4%
Q1 2015+0.5%
Q2 2015+0.5%
Q4 2015+0.5%
Q2 2016-0.8%

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