Positive context积极背景
Stocks股票 / Financials / HLI
Houlihan Lokey · Financials
HLI US listed · USD美股 · 美元
Houlihan Lokey, Inc. is an American multinational independent investment bank and financial services company, and the No.侯利汉·洛基公司是一家美国跨国独立投资银行和金融服务公司，排名第一。
Financials
S&P 400标普400中盘
Financial金融股
$131.31
Regular quote常规时段报价
-$1.93 · -1.45%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
Pre-market盘前
·
52w low52周低 $120high高 $202
Lagging — relative weakness落后 — 相对弱势
A daily turn fired off a real pullback, but the cycle count is stretched well past its usual window — treat it as an unconfirmed new cycle and buy on…日线已在一次真实回调后转向，但周期天数已远超通常窗口——应视为未确认的新周期，请在确认后买入（更高低点站稳 + 周线转向），而非此处。
As of 2026-10-26截至 2026-10-26
Company news公司新闻
The latest reporting最新报道
One story, with the reporting behind it.将同一事件汇总，保留各来源报道。
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14）
53
Neutral zone中性区域
vs 50-day average相对50日均线
+0.8% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
-9.6% below下方
Long trend down长期向下
Volatility波动率
67th percentile第67百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-294
Estimates being cut预期下调
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 -3.8%
Financials财务数据
fiscal years财年Revenue营业收入
$2.6B2026
20212026
5-yr growth5年复合增速 11.4%
Earnings per share每股收益
$6.222026
20212026
5-yr growth5年复合增速 6.5%
Free cash flow自由现金流
$681.8M2026
20212026
Operating margin营业利润率
20.1%
Net margin净利率
16.2%
FCF margin自由现金流利润率
26.9%
Balance-sheet quality财务体质 3/5
Return on equity股本回报率 20%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-2.09
Debt coming due到期债务
FY2021 10-KIn the 12-month bucket following fiscal period end 2021-03-31, it reported $1.9M due — about 3% of its disclosed principal.在财年期末 2021-03-31 之后12个月的区间内，已披露到期本金为 $1.9M，约占其披露本金的 3%。
All maturity buckets are measured from fiscal period end 2021-03-31, not from today.所有到期区间均从财年期末 2021-03-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$1.9M
Year 2第2年
$17.7M
Year 3第3年
$16.8M
Year 4第4年
$6.5M
Year 5第5年
$0
After year 55年以后
$12.9M
Cash reported at 2026-03-31: $1189454000.截至 2026-03-31 披露的现金：$1189454000。 Operating cash flow exceeded or equaled equipment spending over 2025-04-01 to 2026-03-31; no cash burn to measure.在 2025-04-01 至 2026-03-31 期间，经营现金流不低于设备支出，无可衡量的现金消耗。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001302215-21-000027, period ending报告期截至 2021-03-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-26T08:02:20.285675+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Annual period年度区间 2025-04-01 — 2026-03-31 · USD · 10-K · 0001302215-26-000053 · Filed提交日期 2026-05-22.
Cache acquired缓存获取时间: 2026-09-26T08:02:20.285675+00:00 · Evaluated as of评估截至 2026-10-26.
- Reported operating cash flow已披露经营活动现金流: $704131000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $22312000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $681819000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
BUY ZONE → BOTTOMING买入区 → 筑底中
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$0.7M net (1 buyers, 2 sellers)-$0.7M 净值（1 买家，2 卖家）
Signal history信号历史
engine events引擎事件
BOTTOMING → BUY ZONE筑底中 → 买入区
BUY. A new cycle low likely formed 7 day(s) ago (2026-10-14 @ 124.78): swing low in, price back above the 10-day average — and the weekly timeframe agrees买入。新的周期低点可能已在 7 天前形成 （2026-10-14 @ 124.78）：摆动低点已现，价格重新站上 10 日均线——且周线周期也一致确认
Oct 19, 2026
BUY ZONE → BOTTOMING买入区 → 筑底中
BUY SETUP买入预备
Oct 14, 2026
HLI broke down vs the marketHLI 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $124.78.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$124.78。
Oct 12, 2026
HLI daily MACD crossed upHLI 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $130.38.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$130.38。
Oct 9, 2026
BOTTOMING → BUY ZONE筑底中 → 买入区
BUY买入
Oct 8, 2026
NEARING A LOW → BOTTOMING接近低点 → 筑底中
BUY SETUP买入预备
Oct 5, 2026
HLI StochRSI turned up from oversoldHLI StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $126.90.StochRSI重回20上方 — 下行动量趋缓的最早预警。$126.90。
Oct 2, 2026
HLI broke down vs the marketHLI 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $126.37.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$126.37。
Showing the last 15 of显示最近15条，共 270 signals条信号
Company profile公司档案
Houlihan Lokey, Inc. is an American multinational independent investment bank and financial services company, and the No.侯利汉·洛基公司是一家美国跨国独立投资银行和金融服务公司，排名第一。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Above market高于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
7/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
42/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
21/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
9/100 — weaker than most弱于多数
Rank in sector行业内排名
#256 / 262
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +1.4% | -0.4% |
| 1 Month近1月 | +1.1% | -1.0% |
| 3 Months近3月 | -6.4% | +3.1% |
| 6 Months近6月 | -16.5% | +7.0% |
| Year to date年初至今 | -24.9% | +12.1% |
| 1 Year近1年 | -32.5% | +14.4% |
| 3 Years近3年 | +39.6% | +86.0% |
Trading information交易信息
Beta vs market贝塔
0.72
Volatility rank波动率分位
67th pctile
Off 52-week high距52周高点
-34.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | 20262026 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.5B | $2.3B | $1.8B | $1.9B | $2.4B | $2.6B |
| EPS每股收益 | $4.55 | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 |
| Free cash flow自由现金流 | $566M | $728M | $86M | $262M | $809M | $682M |
| Gross margin毛利率 | 34.2% | 35.0% | 30.8% | 29.8% | 32.3% | — |
| Net margin净利率 | 20.5% | 19.3% | 14.0% | 14.6% | 16.7% | 16.3% |
| FCF margin自由现金流利润率 | 37.1% | 32.1% | 4.7% | 13.7% | 33.9% | 26.0% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$2.6B
Net income净利润
$424M
Operating cash flow经营现金流
$704M
Total assets总资产
$3.9B
Shareholder equity股东权益
$2.2B
Buybacks股票回购
$175M
Returns & growth回报与增长
Return on equity股本回报率
19.5%
Return on assets资产回报率
10.8%
Profit growth利润增速
+6.0%
Asset growth资产增速
+13.3%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Pricing power: gross margin −1.9pts over 5 years定价能力：毛利率 5 年下降 1.9 个百分点
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
53
RSI (2-day)RSI（2日）
53
vs 20-day average相对20日均线
+2.3%
vs 50-day average相对50日均线
+0.8%
vs 200-day average相对200日均线
-9.6%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
12/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $1.35 | $1.64 | -17.7% |
| Mar 2026 | $1.63 | $1.84 | -11.4% |
| Dec 2025 | $1.94 | $1.85 | +4.9% |
| Sep 2025 | $1.84 | $1.69 | +8.9% |
Estimate revisions预期修正
Analysts covering覆盖分析师
5
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-8.8%
Net upgrades, 30 days净上调（30天）
-3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$0.7M
Insider buyers vs sellers内部人买家vs卖家
1 : 2
Days to cover回补天数
2.6
Short interest change空头变化
-7.0%
Recent fund flows近期基金流向
SPDR S&P Capital MarketsSPDR S&P Capital Markets
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Aug · 100%
Weakest month最弱月份
Mar · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +0.1% | 3 |
| Feb2月 | 33% | -2.5% | 3 |
| Mar3月 | 0% | -6.4% | 3 |
| Apr4月 | 67% | +1.5% | 3 |
| May5月 | 67% | +6.1% | 3 |
| Jun6月 | 67% | +0.2% | 3 |
| Jul7月 | 67% | +5.9% | 3 |
| Aug8月 | 100% | +4.6% | 3 |
| Sep9月 | 50% | +1.5% | 4 |
| Oct10月 | 50% | +4.2% | 4 |
| Nov11月 | 67% | +7.6% | 3 |
| Dec12月 | 33% | -0.3% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。