Houlihan Lokey Inc (HLI) - Net Assets
Based on the latest financial reports, Houlihan Lokey Inc (HLI) has net assets worth $2.25 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.79 Billion) and total liabilities ($1.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of Houlihan Lokey Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.25 Billion |
| % of Total Assets | 59.23% |
| Annual Growth Rate | 9.55% |
| 5-Year Change | 57.19% |
| 10-Year Change | 232.78% |
| Growth Volatility | 13.7 |
Houlihan Lokey Inc - Net Assets Trend (2013–2025)
This chart illustrates how Houlihan Lokey Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Houlihan Lokey Inc market capitalisation.
Annual Net Assets for Houlihan Lokey Inc (2013–2025)
The table below shows the annual net assets of Houlihan Lokey Inc from 2013 to 2025. Also explore Houlihan Lokey Inc (HLI) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $2.17 Billion | +18.41% |
| 2024-03-31 | $1.84 Billion | +13.85% |
| 2023-03-31 | $1.61 Billion | +11.75% |
| 2022-03-31 | $1.44 Billion | +4.35% |
| 2021-03-31 | $1.38 Billion | +40.55% |
| 2020-03-31 | $984.38 Million | +10.44% |
| 2019-03-31 | $891.33 Million | +4.52% |
| 2018-03-31 | $852.81 Million | +16.75% |
| 2017-03-31 | $730.46 Million | +11.77% |
| 2016-03-31 | $653.55 Million | -20.87% |
| 2015-03-31 | $825.89 Million | +15.52% |
| 2014-03-31 | $714.94 Million | -1.78% |
| 2013-03-31 | $727.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Houlihan Lokey Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4146.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.39 Billion | 64.13% |
| Common Stock | $70.00K | 0.00% |
| Other Comprehensive Income | $-63.28 Million | -2.91% |
| Other Components | $843.35 Million | 38.78% |
| Total Equity | $2.17 Billion | 100.00% |
Houlihan Lokey Inc Competitors by Market Cap
The table below lists competitors of Houlihan Lokey Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SARTORIUS AG UNSP.ADR 1/5
F:SRT4
|
$7.12 Billion |
|
Schaeffler India Limited
NSE:SCHAEFFLER
|
$7.13 Billion |
|
PSP SWISS ADR 1/5/SF1050
F:P7S0
|
$7.13 Billion |
|
XP Inc
F:XP9
|
$7.13 Billion |
|
ENN Energy Holdings Limited
F:XGH
|
$7.12 Billion |
|
ALPHA SE+H.ADR1/4/EO 390
F:ACBC
|
$7.11 Billion |
|
FRONTLINE PLC DL 1
F:HF6
|
$7.11 Billion |
|
Pilgrims Pride Corp
NASDAQ:PPC
|
$7.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Houlihan Lokey Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,836,750,000 to 2,174,877,000, a change of 338,127,000 (18.4%).
- Net income of 399,711,000 contributed positively to equity growth.
- Dividend payments of 165,217,000 reduced retained earnings.
- Share repurchases of 52,514,000 reduced equity.
- Other comprehensive income increased equity by 3,327,000.
- Other factors increased equity by 152,820,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $399.71 Million | +18.38% |
| Dividends Paid | $165.22 Million | -7.6% |
| Share Repurchases | $52.51 Million | -2.41% |
| Other Comprehensive Income | $3.33 Million | +0.15% |
| Other Changes | $152.82 Million | +7.03% |
| Total Change | $- | 18.41% |
Book Value vs Market Value Analysis
This analysis compares Houlihan Lokey Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.20x to 4.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | $10.70 | $130.55 | x |
| 2014-03-31 | $11.77 | $130.55 | x |
| 2015-03-31 | $13.61 | $130.55 | x |
| 2016-03-31 | $10.26 | $130.55 | x |
| 2017-03-31 | $10.91 | $130.55 | x |
| 2018-03-31 | $12.86 | $130.55 | x |
| 2019-03-31 | $13.54 | $130.55 | x |
| 2020-03-31 | $14.98 | $130.55 | x |
| 2021-03-31 | $20.15 | $130.55 | x |
| 2022-03-31 | $21.15 | $130.55 | x |
| 2023-03-31 | $23.87 | $130.55 | x |
| 2024-03-31 | $26.95 | $130.55 | x |
| 2025-03-31 | $31.68 | $130.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Houlihan Lokey Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.73%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.76x
- Recent ROE (18.38%) is above the historical average (16.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.37% | 11.33% | 0.56x | 1.47x | $-3.95 Million |
| 2014 | 8.61% | 10.35% | 0.56x | 1.49x | $-9.87 Million |
| 2015 | 9.71% | 11.73% | 0.55x | 1.49x | $-2.39 Million |
| 2016 | 10.71% | 10.05% | 0.65x | 1.64x | $4.62 Million |
| 2017 | 14.91% | 12.42% | 0.63x | 1.90x | $35.68 Million |
| 2018 | 20.20% | 17.88% | 0.68x | 1.66x | $87.00 Million |
| 2019 | 17.85% | 14.67% | 0.76x | 1.60x | $69.97 Million |
| 2020 | 18.67% | 15.85% | 0.69x | 1.70x | $85.35 Million |
| 2021 | 22.61% | 20.50% | 0.63x | 1.75x | $174.41 Million |
| 2022 | 30.32% | 19.28% | 0.79x | 2.00x | $293.38 Million |
| 2023 | 15.76% | 14.05% | 0.61x | 1.84x | $92.89 Million |
| 2024 | 15.26% | 14.64% | 0.60x | 1.73x | $96.63 Million |
| 2025 | 18.38% | 16.73% | 0.63x | 1.76x | $182.22 Million |
Industry Comparison
This section compares Houlihan Lokey Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $24,275,991
- Average return on equity (ROE) among peers: -92.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Houlihan Lokey Inc (HLI) | $2.25 Billion | 9.37% | 0.69x | $7.12 Billion |
| American Bitcoin Corp (ABTC) | $-574.00K | 0.00% | 0.00x | $242.45 Million |
| Abits Group Inc. (ABTS) | $-10.16K | 0.00% | 0.00x | $4.18 Million |
| Sphere 3D Corp (ANY) | $20.45 Million | -334.83% | 3.53x | $23.50 Million |
| Argo Blockchain PLC ADR (ARBK) | $27.19 Million | -15.14% | 0.01x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $9.85 Million | 15.02% | 5.53x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $3.04 Million | -226.15% | 1.08x | $32.63 Million |
| Solowin Holdings (AXG) | $4.73 Million | -23.16% | 1.60x | $294.68 Million |
| BGC Group Inc. (BGC) | $132.26 Million | -44.66% | 0.17x | $4.47 Billion |
| Big Digital Energy, Inc. (BGDE) | $30.38 Million | -192.68% | 1.79x | $32.65 Million |
| Bitfarms Ltd (BITF) | $15.45 Million | -105.45% | 2.35x | $1.21 Billion |
About Houlihan Lokey Inc
Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). The CF segment offers general financial advis… Read more