COMP <GO>
HLI vs MORN // FREE CASH FLOW YIELD
Houlihan Lokey Inc. (NYSE) VS. Morningstar Inc. (NASDAQ) • 15-METRIC TALLY: HLI 5
— MORN 7
▲ FREE CASH FLOW YIELD LEADER: HLI
LAST: $146.44 (+6.12%) • MKT CAP: $9.64B
fcf-yield
7.00%
LAST: $238.73 (+5.54%) • MKT CAP: $8.39B
fcf-yield
5.36%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (HLI VS. MORN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | HLI | MORN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 21.60% | 22.90% | -1.30 | MORN | /roic <GO> |
| EV/EBITDA & P/E Valuation | 17.2x | 13.6x | +3.60 | MORN | /valuation <GO> |
| Free Cash Flow Yield ACTIVE | 7.00% | 5.36% | +1.64 | HLI | /fcf-yield <GO> |
| Operating Margin | 20.10% | 21.50% | -1.40 | MORN | /operating-margins <GO> |
| Net Profit Margin | 16.20% | 16.80% | -0.60 | MORN | /net-margins <GO> |
| Revenue Growth (YoY) | 9.50% | 7.50% | +2.00 | HLI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 1.79% | 0.93% | +0.86 | HLI | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 7/9 | +2.00 | HLI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 60.1 | 64.4 | -4.30 | MORN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.91 | 1.06 | -0.15 | MORN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.4x | 18.7x | +2.70 | MORN | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $9.64B | $8.39B | $1.25B | HLI | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | HLI REV | MORN REV | HLI GROSS % | MORN GROSS % | HLI FCF | MORN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.62B | $2.45B | — | 61.0% | $681.8M | $442.6M |
| FY 2024 | $2.39B | $2.28B | 32.3% | 60.6% | $808.9M | $448.9M |
| FY 2023 | $1.91B | $2.04B | — | — | $242.3M | $224.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
HLI // BETA 0.91
MORN // BETA 1.06