HLI
Houlihan Lokey, Inc.
HLI has lower modeled downside risk, despite its lower overall score.
SOFI
SoFi Technologies, Inc.
SOFI has the edge over HLI overall, supported by stronger fundamentals and stronger valuation.
HLI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
HLI's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like HLI.
SOFI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SOFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SOFI.
HLI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $101 | -29% |
| Forward | 18x | $143 | — |
| Fair | 22x | $134 | -6.7% |
| Current | 24x | $143 | — |
| Expensive | 32x | $193 | +34% |
Historical ranges are pointers, not guarantees.
HLI's PE is in its fair range at 24x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
SOFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $15.63 | — |
| Current | 28x | $15.63 | — |
| Cheap | 33x | $18.24 | +17% |
| Fair | 43x | $23.82 | +52% |
| Expensive | 53x | $29.74 | +90% |
Historical ranges are pointers, not guarantees.
SOFI has the edge over HLI in the historical PE scenario, which offers more potential upside but is not a forecast.
HLI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HLI, with profitability improving.
SOFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for SOFI, with profitability improving.
HLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.11 | +36% |
| Q3 2026 | $5.96 | -3.9% |
| Q2 2026 | $5.95 | +0.2% |
| Q1 2026 | $6.22 | +6.9% |
| Q4 2025 | $6.51 | +24% |
| Q3 2025 | $6.20 | +27% |
| Q2 2025 | $5.94 | +32% |
| Q1 2025 | $5.82 | +42% |
| Q4 2024 | $5.24 | +35% |
HLI has the edge over SOFI on earnings, with more consistent year-over-year improvement.
SOFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | +47% |
| Q3 2026 | $0.56 | 0% |
| Q2 2026 | $0.49 | -2% |
| Q1 2026 | $0.45 | +4.7% |
| Q4 2025 | $0.39 | 0% |
| Q3 2025 | $0.56 | +367% |
| Q2 2025 | $0.50 | +$0.72 |
| Q1 2025 | $0.43 | +$0.72 |
| Q4 2024 | $0.39 | +$0.75 |
SOFI earned $0.56 per share over the past year, about the same as the year before.
HLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $692M | +4.9% |
| Q2 2026 | $511M | -16% |
| Q1 2026 | $635.6M | -4.6% |
| Q4 2025 | $717.1M | +13% |
| Q3 2025 | $659.5M | +15% |
| Q2 2025 | $605.3M | +18% |
| Q1 2025 | $666.4M | +28% |
| Q4 2024 | $634.4M | +24% |
HLI's revenue fell from its 2021 peak and has held roughly level since: $692M last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -0.7 points |
| Q2 2026 | 15% | +0.4 points |
| Q1 2026 | 20% | -1.2 points |
| Q4 2025 | 22% | +1 points |
| Q3 2025 | 23% | +0.2 points |
| Q2 2025 | 15% | -3.8 points |
| Q1 2025 | 21% | +1.2 points |
| Q4 2024 | 21% | +2.6 points |
HLI's operating margin was 22% last quarter, down 0.7 points from the same quarter a year ago.
SOFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +44% |
| Q2 2026 | $1.2B | +43% |
| Q1 2026 | $1.1B | +43% |
| Q4 2025 | $1B | +40% |
| Q3 2025 | $961.6M | +38% |
| Q2 2025 | $854.9M | +43% |
| Q1 2025 | $771.8M | +20% |
| Q4 2024 | $734.1M | +19% |
SOFI has the edge over HLI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +7.5 points |
| Q2 2026 | 17% | +3.6 points |
| Q1 2026 | 18% | +7.8 points |
| Q4 2025 | 18% | +9.9 points |
| Q3 2025 | 15% | +6.3 points |
| Q2 2025 | 13% | +11 points |
| Q1 2025 | 10% | -4.3 points |
| Q4 2024 | 8.2% | -0.2 points |
SOFI has the edge over HLI on profitability, with a higher operating margin.
HLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $240M | -26% |
| Q2 2026 | -$342M | -$197.2M |
| Q1 2026 | $286.8M | -17% |
| Q4 2025 | $217M | -17% |
| Q3 2025 | $322.8M | +16% |
| Q2 2025 | -$144.8M | -$69.4M |
| Q1 2025 | $343.9M | +61% |
| Q3 2024 | $278.7M | +148% |
HLI has the edge over SOFI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SOFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.1B | -$1.7B |
| Q2 2026 | -$4B | -$2.5B |
| Q1 2026 | -$2.4B | -$2.4B |
| Q4 2025 | -$1.1B | -$815.2M |
| Q3 2025 | -$1.4B | -$149M |
| Q2 2025 | -$1.5B | -$1B |
| Q1 2025 | -$31.1M | -104% |
| Q4 2024 | -$242.4M | +$39.9M |
SOFI's free cash flow was −$10.5B over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like SOFI.
HLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -600K shares |
| 1 year | -2.3% | -1.6M shares |
| 3 years | -1.3% | -867K shares |
| 5 years | -2.3% | -1.6M shares |
| Available history | +2.1% | +1.4M shares |
HLI has the edge over SOFI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $50M |
| Q1 2026 | $50M |
| Q4 2025 | $87.9M |
| Q3 2025 | $29.7M |
| Q2 2025 | $7.8M |
| Q1 2025 | $52.2M |
| Q4 2024 | $86,000 |
HLI spent $238M buying back its own shares over the past year, up 165% from the year before.
SOFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +5.8M shares |
| 1 year | +5.2% | +66.8M shares |
| 3 years | +43% | +407M shares |
| 5 years | +272% | +993M shares |
SOFI has 1.4B diluted shares, up 5.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
HLI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -1.6x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
HLI has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HLI.
SOFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.8x | Net Cash |
| Q4 2025 | -6.5x | Net Cash |
| Q3 2025 | -5.2x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -4.9x | Net Cash |
| Q4 2024 | -5.8x | Net Cash |
SOFI has the edge over HLI on leverage, with a lower net debt burden relative to earnings.
HLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 68.0 | Neutral |
HLI's weekly RSI is 54 (neutral) and its Stochastic is 68 (neutral).
SOFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 41.5 | Neutral |
SOFI's weekly RSI is 43 (neutral) and its Stochastic is 41 (neutral).
HLI PE vs Financial Services Sector
| Metric | HLI | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 13x | 85% above |
| PE % | 57 | 63 | 6 pts below |
HLI has the edge over SOFI on valuation relative to its sector.
SOFI PE vs Financial Services Sector
| Metric | SOFI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 2 | 61 | 59 pts below |
SOFI is trading at 28x earnings, a 114% premium to the Financial Services sector's median of 13x.
HLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $134.2 | 6.9% above |
| 20 week MA | $134.0 | 7.1% above |
| 50 week MA | $149.1 | 3.8% below |
| 100 week MA | $164.4 | 13% below |
| 200 week MA | $143.2 | 0.2% above |
HLI has the edge over SOFI on trend strength, trading above more of its moving averages.
SOFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 0.7% below |
| 20 week MA | $17.0 | 7.8% below |
| 50 week MA | $18.9 | 17% below |
| 100 week MA | $18.9 | 17% below |
| 200 week MA | $13.5 | 16% above |
SOFI has fallen below most of its moving averages, though it's still 16% above its 200-week average.
HLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.9 | $67.2 | +37% |
| 2021 | $67.2 | $103.6 | +54% |
| 2022 | $103.6 | $89.2 | -14% |
| 2023 | $89.2 | $119.9 | +35% |
| 2024 | $119.9 | $174.3 | +45% |
| 2025 | $174.3 | $178.5 | +2.4% |
| 2026 YTD | $178.5 | $143.4 | -20% |
HLI has the edge over SOFI on returns for 2026, with the stronger performance.
SOFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $15.1 | +22% |
| 2022 | $15.1 | $4.61 | -69% |
| 2023 | $4.61 | $9.95 | +116% |
| 2024 | $9.95 | $16.0 | +61% |
| 2025 | $16.0 | $27.1 | +69% |
| 2026 YTD | $27.1 | $15.6 | -42% |
SOFI's yearly returns have swung widely, from +116% in 2023 to −69% in 2022. It's down 42% so far in 2026.