HOULIHAN LOKEY, INC. (HLI) Free cash flow
- Free cash flow · 12 months (USD): Value $484.82M; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value 19.21%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $484.82M | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $500.13M − $15.31M ≈ $484.82M |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | 19.21% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $484.82M ÷ $2.52B × 100 ≈ 19.21% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $500.13M | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 1.24× | Operating cash flow / net income. Period ending 2026-06-30. $500.13M ÷ $404.00M ≈ 1.24× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 500.13M USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | 15.31M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | 484.82M USD | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 2.52B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 404.00M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $484.82M | (m) | $500.13M | $15.31M | (m) | $2.52B | (m) | $404.00M | (m) | (m) | 19.21% | 1.24× |
| 2026-03-31 | $681.82M | (m) | $704.13M | $22.31M | (m) | $2.62B | (m) | $425.70M | (m) | (m) | 26.05% | 1.65× |
| 2025-12-31 | $738.94M | (m) | $769.48M | $30.54M | (m) | $2.65B | (m) | $447.78M | (m) | (m) | 27.90% | 1.72× |
| 2025-09-30 | $783.56M | (m) | $817.31M | $33.75M | (m) | $2.57B | (m) | $426.54M | (m) | (m) | 30.54% | 1.92× |
| 2025-06-30 | $739.48M | (m) | $781.49M | $42.01M | (m) | $2.48B | (m) | $408.30M | (m) | (m) | 29.80% | 1.91× |
| 2025-03-31 | $808.91M | (m) | $848.61M | $39.70M | (m) | $2.39B | (m) | $399.71M | (m) | (m) | 33.85% | 2.12× |
| 2024-12-31 | $678.09M | (m) | $715.53M | $37.44M | (m) | $2.24B | (m) | $358.87M | (m) | (m) | 30.23% | 1.99× |
| 2024-09-30 | $501.75M | (m) | $550.92M | $49.17M | (m) | $2.12B | (m) | $334.37M | (m) | (m) | 23.67% | 1.65× |
| 2024-06-30 | $335.57M | (m) | $397.51M | $61.95M | (m) | $2.01B | (m) | $307.85M | (m) | (m) | 16.68% | 1.29× |
| 2024-03-31 | $261.73M | (m) | $328.46M | $66.73M | (m) | $1.91B | (m) | $280.30M | (m) | (m) | 13.67% | 1.17× |
| 2023-12-31 | $267.70M | (m) | $341.30M | $73.59M | (m) | $1.84B | (m) | $258.88M | (m) | (m) | 14.56% | 1.32× |
| 2023-09-30 | $259.58M | (m) | $331.44M | $71.86M | (m) | $1.78B | (m) | $251.13M | (m) | (m) | 14.55% | 1.32× |
| 2023-06-30 | $218.82M | (m) | $280.73M | $61.90M | (m) | $1.81B | (m) | $244.83M | (m) | (m) | 12.11% | 1.15× |
| 2023-03-31 | $85.54M | (m) | $136.27M | $50.73M | (m) | $1.81B | (m) | $254.22M | (m) | (m) | 4.73% | 0.54× |
| 2022-12-31 | $-70.18M | (m) | $-37.41M | $32.77M | (m) | $1.84B | (m) | $259.74M | (m) | (m) | -3.82% | -0.14× |
| 2022-09-30 | $399.59M | (m) | $423.57M | $23.98M | (m) | $2.27B | (m) | $370.42M | (m) | (m) | 17.62% | 1.14× |
| 2022-06-30 | $536.91M | (m) | $548.68M | $11.76M | (m) | $2.32B | (m) | $422.57M | (m) | (m) | 23.18% | 1.30× |
| 2022-03-31 | $727.92M | (m) | $736.60M | $8.68M | (m) | $2.27B | (m) | $437.75M | (m) | (m) | 32.07% | 1.68× |
| 2021-12-31 | $934.09M | (m) | $944.79M | $10.70M | (m) | $2.30B | (m) | (m) | (m) | (m) | 40.62% | (m) |
| 2021-09-30 | $691.18M | (m) | $701.28M | $10.10M | (m) | $1.95B | (m) | (m) | (m) | (m) | 35.47% | (m) |
| 2021-06-30 | $592.93M | (m) | $604.98M | $12.06M | (m) | $1.69B | (m) | (m) | (m) | (m) | 35.15% | (m) |
| 2021-03-31 | $565.69M | (m) | $579.84M | $14.15M | (m) | $1.53B | (m) | (m) | (m) | (m) | 37.08% | (m) |
| 2020-12-31 | $469.34M | (m) | $484.10M | $14.75M | (m) | $1.33B | (m) | (m) | (m) | (m) | 35.36% | (m) |
| 2020-09-30 | $260.21M | (m) | $273.20M | $12.99M | (m) | $1.12B | (m) | (m) | (m) | (m) | 23.17% | (m) |
| 2020-06-30 | $264.86M | (m) | $281.64M | $16.77M | (m) | $1.12B | (m) | (m) | (m) | (m) | 23.65% | (m) |
| 2020-03-31 | $266.95M | (m) | $287.67M | $20.72M | (m) | $1.16B | (m) | $183.79M | (m) | (m) | 23.03% | 1.57× |
| 2019-12-31 | $223.81M | (m) | $242.97M | $19.16M | (m) | $1.15B | (m) | (m) | (m) | (m) | 19.49% | (m) |
| 2019-09-30 | $203.75M | (m) | $221.56M | $17.81M | (m) | $1.11B | (m) | (m) | (m) | (m) | 18.31% | (m) |
| 2019-06-30 | $220.90M | (m) | $234.04M | $13.14M | (m) | $1.11B | (m) | (m) | (m) | (m) | 19.82% | (m) |
| 2019-03-31 | $217.55M | (m) | $224.27M | $6.73M | (m) | $1.08B | (m) | (m) | (m) | (m) | 20.06% | (m) |
| 2018-12-31 | $195.92M | (m) | $202.00M | $6.07M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-09-30 | $193.40M | (m) | $198.78M | $5.39M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | $187.10M | (m) | $192.63M | $5.52M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | $242.93M | (m) | $250.65M | $7.72M | (m) | (m) | (m) | $172.28M | (m) | (m) | (m) | 1.45× |
| 2017-12-31 | $210.40M | (m) | $218.17M | $7.77M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-09-30 | $246.51M | (m) | $258.39M | $11.88M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | $225.90M | (m) | $236.09M | $10.19M | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | $214.84M | (m) | $229.26M | $14.42M | (m) | (m) | (m) | $108.34M | (m) | (m) | (m) | 2.12× |
| 2016-12-31 | $184.21M | (m) | $201.64M | $17.43M | (m) | (m) | (m) | $97.05M | (m) | (m) | (m) | 2.08× |
| 2016-09-30 | $96.25M | (m) | $111.16M | $14.90M | (m) | (m) | (m) | $85.73M | (m) | (m) | (m) | 1.30× |
| 2016-06-30 | $36.36M | (m) | $52.23M | $15.87M | (m) | (m) | (m) | $74.11M | (m) | (m) | (m) | 0.70× |
| 2016-03-31 | $4.13M | (m) | $13.52M | $9.38M | (m) | (m) | (m) | $69.74M | (m) | (m) | (m) | 0.19× |
| 2015-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | $80.57M | (m) | (m) | (m) | (m) |
| 2015-03-31 | $191.84M | (m) | $196.51M | $4.67M | (m) | (m) | (m) | $79.88M | (m) | (m) | (m) | 2.46× |
| 2014-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | $162.77M | (m) | $165.01M | $2.24M | (m) | (m) | (m) | $61.32M | (m) | (m) | (m) | 2.69× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.