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Futu Holdings vs Houlihan Lokey

Futu Holdings and Houlihan Lokey are similar in size: $2.93bn and $2.62bn of revenue in their latest fiscal years. Futu Holdings grew faster (68.3% against 9.5%). Futu Holdings kept more of each dollar of sales as profit: a net margin of 49.6% against 16.3%. Futu Holdings carries less debt relative to equity (0.0% against 0.0%).

Latest fiscal yearFutu HoldingsFUTU, 2025Houlihan LokeyHLI, 2026
Revenue $2.93bn $2.62bn
Revenue growth 68.3% 9.5%
Net income $1.45bn $426m
Operating margin 61.6% 20.1%
Net margin 49.6% 16.3%
Return on equity 33.3% 18.8%
Free cash flow $5.23bn $682m
Cash $1.34bn $1.19bn
Total debt $0 $0
Debt to equity 0.0% 0.0%
Dividend per share — —
Dividend yield 1.9% 1.9%
Share buybacks — $175m
Employees — 2,600
Market value $14.54bn $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.