BX vs. HLI: Blackstone vs. Houlihan Lokey Stock Comparison

November 11, 2026

How do Blackstone (BX) and Houlihan Lokey (HLI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Blackstone (BX) and Houlihan Lokey (HLI) both belong to the Capital Markets industry, though BX is classified under Asset Management & Custody Banks while HLI falls under Investment Banking & Brokerage.

Company profile comparison for Blackstone (BX) and Houlihan Lokey (HLI)
Profile Item	BX	HLI
Name	Blackstone Inc.	Houlihan Lokey, Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Asset Management & Custody Banks	Investment Banking & Brokerage
Market Capitalization	148.61 billion USD	10.13 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 22, 2007	August 13, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HLI

GSPC

Blackstone (BX) vs. Houlihan Lokey (HLI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Blackstone (BX) and Houlihan Lokey (HLI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Blackstone (BX) and Houlihan Lokey (HLI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Total Return (1Y)	-11.29%	-16.23%
Total Return (3Y, Annualized)	12.22%	15.13%
Total Return (5Y, Annualized)	0.26%	6.74%

Risk Profile

Drawdown History

HLI

GSPC

Blackstone (BX) vs. Houlihan Lokey (HLI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Blackstone (BX) and Houlihan Lokey (HLI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Volatility (1Y, Annualized)	38.63%	31.00%
Beta (5Y)	1.50	0.87
Max Drawdown (5Y)	-49.29%	-40.30%
Avg. Volume (3M)	4.75M	816.85K

Risk-Adjusted Performance

Risk-Return Positioning

BX and HLI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Sharpe Ratio (1Y)	-0.40	-0.66
Sortino Ratio (1Y)	-0.57	-0.91

Profitability

ROE (TTM)

Blackstone (BX) at 32.38% sits in the top ROE quartile, while Houlihan Lokey (HLI) at 17.29% is closer to the peer norm — stronger capital efficiency for BX.

BX

Financial Services industry group

32.38%

Max: 44.78%
BX: 32.38%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

HLI

Financial Services industry group

17.29%

Max: 44.78%
Q3: 21.85%
HLI: 17.29%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Blackstone (BX) at 22.99% and Houlihan Lokey (HLI) at 15.80% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BX

Financial Services industry group

22.99%

Max: 62.84%
Q3: 28.05%
BX: 22.99%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

HLI

Financial Services industry group

15.80%

Max: 62.84%
Q3: 28.05%
HLI: 15.80%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Blackstone (BX) at 48.86% and Houlihan Lokey (HLI) at 24.42% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BX

Financial Services industry group

48.86%

Max: 107.33%
Q3: 55.90%
BX: 48.86%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

HLI

Financial Services industry group

24.42%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
HLI: 24.42%
Q1: 14.60%
Min: -44.34%

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
ROE (TTM)	32.38%	17.29%
ROA (TTM)	14.27%	10.38%
Net Margin (TTM)	22.99%	15.80%
Operating Margin (TTM)	48.86%	24.42%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Blackstone (BX) at 13.54% and Houlihan Lokey (HLI) at 9.55% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Blackstone (BX) at 6.91% and Houlihan Lokey (HLI) at 6.87% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Revenue Growth (YoY)	13.54%	9.55%
Revenue Growth (3Y CAGR)	20.27%	13.10%
EPS Growth (YoY)	6.91%	6.87%
EPS Growth (3Y CAGR)	17.92%	16.05%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Blackstone (BX) in Financial Services and Houlihan Lokey (HLI) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Blackstone (BX) in Financial Services and Houlihan Lokey (HLI) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Blackstone (BX) at 4.22% delivers top-quartile income for its industry, while Houlihan Lokey (HLI) at 1.77% pays a more typical yield — both are credible income propositions, BX the richer one.

BX

Financial Services industry group

4.22%

Max: 9.77%
BX: 4.22%
Q3: 3.92%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

HLI

Financial Services industry group

1.77%

Max: 9.77%
Q3: 3.92%
HLI: 1.77%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Blackstone (BX) reports payout ratio above 100% at 111.19%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Houlihan Lokey (HLI) reports 43.62%, ranking against industry peers normally.

BX

Financial Services industry group

111.19%

Max: 241.07%
BX: 111.19%
Q3: 97.36%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

HLI

Financial Services industry group

43.62%

Max: 241.07%
Q3: 97.36%
HLI: 43.62%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
Dividend Yield (TTM)	4.22%	1.77%
Dividend Payout Ratio (TTM)	111.19%	43.62%

Valuation

P/E Ratio (TTM)

Houlihan Lokey (HLI) at 24.47 is near its industry’s usual P/E ratio, while Blackstone (BX) at 26.61 sits in the richer quartile — BX needs stronger growth or earnings quality to justify the premium.

BX

Financial Services industry group

26.61

Max: 45.85
BX: 26.61
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

HLI

Financial Services industry group

24.47

Max: 45.85
Q3: 24.64
HLI: 24.47
Median: 15.37
Q1: 9.68
Min: 0.16

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Houlihan Lokey (HLI) at 3.96 prices around its industry’s typical P/S ratio, while Blackstone (BX) at 9.61 clears its benchmark range — BX looks notably rich on sales.

BX

Financial Services industry group

9.61

BX: 9.61
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

HLI

Financial Services industry group

3.96

Max: 9.23
Q3: 4.57
HLI: 3.96
Median: 2.72
Q1: 1.28
Min: -0.55

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Houlihan Lokey (HLI) at 4.39 sits in the upper P/B ratio quartile, and Blackstone (BX) at 10.81 prices even higher, above its industry range.

BX

Financial Services industry group

10.81

BX: 10.81
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

HLI

Financial Services industry group

4.39

Max: 7.79
HLI: 4.39
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Blackstone (BX) vs. Houlihan Lokey (HLI): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Blackstone (BX) and Houlihan Lokey (HLI)
Metric	BX	HLI
P/E Ratio (TTM)	26.61	24.47
P/S Ratio (TTM)	9.61	3.96
P/B Ratio (MRQ)	10.81	4.39
Free Cash Flow Yield (TTM)	--	--