Houlihan Lokey(US:HLI)2021-08-04 15:24Financial Performance & Growth - Houlihan Lokey's revenue has shown strong growth, with a 17% compound annual growth rate (CAGR) from fiscal year 2016 to 2021[57] - The company's adjusted pre-tax margin has been consistently strong, reaching 28.4% in 2021[16] - In CY 2020, Houlihan Lokey raised approximately $9 billion across 52 transactions in capital markets[43] - For the three months ended June 30, 2021, revenues reached $372.722 million[67] Business Segments - Corporate Finance accounted for 55% of the company's revenue, Financial Restructuring 32%, and Financial and Valuation Advisory 13% based on revenues for the last twelve months (LTM) ended June 30, 2021[28] - Corporate Finance's LTM 6/30/21 revenues were $925 million, Financial Restructuring's were $545 million, and Financial and Valuation Advisory's were $217 million[36] - The company served over 1,000 clients annually[7, 26] Market Position - Houlihan Lokey is a top U S M&A advisor, ranking number one by the number of U S M&A deals in CY 2020 with 210 deals[20] - The company is also a top global restructuring advisor, leading in global distressed debt and bankruptcy restructuring deals in CY 2020 with 106 deals[23] - Houlihan Lokey is the number one global M&A fairness opinion advisor over the past 20 years[24] Employee & Culture - The average tenure of the management team is 32 years[7, 11, 18] - More than 68% of Managing Directors reached their positions through internal promotions[18]