Houlihan Lokey Inc (HLI) — Free Cash Flow Generation Index
Houlihan Lokey Inc (HLI) has a Free Cash Flow Generation Index of 0.99x as of September 2025. Free cash flow of $322.81 Million represents 1% of operating cash flow ($325.05 Million). Explore how much does Houlihan Lokey Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Houlihan Lokey Inc Free Cash Flow Generation Index (2013–2025)
Historical FCF Generation Index trend for Houlihan Lokey Inc across 13 annual periods. For the full cash flow conversion analysis, see Houlihan Lokey Inc cash conversion from operations.
Annual Free Cash Flow Generation for Houlihan Lokey Inc (2013–2025)
Year-by-year Free Cash Flow Generation Index for Houlihan Lokey Inc. Check HLI cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.95x | $808.91 Million | $848.61 Million | $39.70 Million | ▲ +19.6% |
| 2024 | 0.80x | $261.73 Million | $328.46 Million | $66.73 Million | ▲ +26.9% |
| 2023 | 0.63x | $85.54 Million | $136.27 Million | $50.73 Million | ▼ -36.5% |
| 2022 | 0.99x | $727.92 Million | $736.60 Million | $8.68 Million | ▲ +1.3% |
| 2021 | 0.98x | $565.69 Million | $579.84 Million | $14.15 Million | ▲ +5.1% |
| 2020 | 0.93x | $266.95 Million | $287.67 Million | $20.72 Million | ▼ -4.3% |
| 2019 | 0.97x | $217.55 Million | $224.27 Million | $6.73 Million | ▲ +0.1% |
| 2018 | 0.97x | $242.93 Million | $250.65 Million | $7.72 Million | ▲ +3.4% |
| 2017 | 0.94x | $214.84 Million | $229.26 Million | $14.42 Million | ▲ +206.4% |
| 2016 | 0.31x | $4.13 Million | $13.52 Million | $9.38 Million | ▼ -68.7% |
| 2015 | 0.98x | $191.84 Million | $196.51 Million | $4.67 Million | ▼ -1.0% |
| 2014 | 0.99x | $162.77 Million | $165.01 Million | $2.24 Million | ▲ +4.2% |
| 2013 | 0.95x | $121.60 Million | $128.44 Million | $6.84 Million | — |