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Coincheck Group vs Houlihan Lokey

Coincheck Group is the larger business, with $3.19bn of revenue in fiscal 2026 against $2.62bn for Houlihan Lokey (1.2 times as much). Coincheck Group grew faster (26.8% against 9.5%). Houlihan Lokey kept more of each dollar of sales as profit: a net margin of 16.3% against -0.4%. Houlihan Lokey carries less debt relative to equity (0.0% against 12.7%).

Latest fiscal yearCoincheck GroupCNCK, 2026Houlihan LokeyHLI, 2026
Revenue $3.19bn $2.62bn
Revenue growth 26.8% 9.5%
Net income −$12.2m $426m
Operating margin — 20.1%
Net margin -0.4% 16.3%
Return on equity -11.7% 18.8%
Free cash flow −$4.6m $682m
Cash $59.5m $1.19bn
Total debt $17.3m $0
Debt to equity 12.7% 0.0%
Dividend per share — —
Dividend yield — 1.9%
Share buybacks — $175m
Employees — 2,600
Market value $210m $9.81bn
Price vs our value range — —
Moat score — 77 (Strong)
Insider trades, 12 months 0 buys, 0 sales 1 buys, 5 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.