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Side-by-side financial comparison of HOULIHAN LOKEY, INC. (HLI) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $717.1M, roughly 2.0× HOULIHAN LOKEY, INC.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 16.3%, a 1.4% gap on every dollar of revenue. On growth, HOULIHAN LOKEY, INC. posted the faster year-over-year revenue change (13.0% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $217.0M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% CAGR vs 17.4%).
Houlihan Lokey, Inc. is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital solutions, restructuring and distressed M&A, fairness opinions, and financial and valuation advisory. A...
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
HLI vs LOGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $717.1M | $1.4B |
| Net Profit | $116.5M | $251.0M |
| Gross Margin | 32.2% | 43.2% |
| Operating Margin | 22.4% | 20.1% |
| Net Margin | 16.3% | 17.7% |
| Revenue YoY | 13.0% | 6.1% |
| Net Profit YoY | 22.3% | 25.4% |
| EPS (diluted) | $1.70 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $717.1M | $1.4B | ||
| Q3 25 | $659.5M | $1.2B | ||
| Q2 25 | $605.3M | $1.1B | ||
| Q1 25 | $666.4M | $1.0B | ||
| Q4 24 | $634.4M | $1.3B | ||
| Q3 24 | $575.0M | $1.1B | ||
| Q2 24 | $513.6M | $1.1B | ||
| Q1 24 | $520.5M | $1.0B |
| Q4 25 | $116.5M | $251.0M | ||
| Q3 25 | $111.8M | $170.7M | ||
| Q2 25 | $97.5M | $146.0M | ||
| Q1 25 | $121.9M | $144.1M | ||
| Q4 24 | $95.3M | $200.1M | ||
| Q3 24 | $93.5M | $145.5M | ||
| Q2 24 | $88.9M | $141.8M | ||
| Q1 24 | $81.1M | $167.6M |
| Q4 25 | 32.2% | 43.2% | ||
| Q3 25 | 33.8% | 43.4% | ||
| Q2 25 | 31.0% | 41.7% | ||
| Q1 25 | 33.9% | 43.1% | ||
| Q4 24 | 31.4% | 42.9% | ||
| Q3 24 | 33.0% | 43.6% | ||
| Q2 24 | 30.6% | 42.8% | ||
| Q1 24 | 30.3% | 43.2% |
| Q4 25 | 22.4% | 20.1% | ||
| Q3 25 | 22.9% | 16.1% | ||
| Q2 25 | 14.8% | 14.1% | ||
| Q1 25 | 20.9% | 10.5% | ||
| Q4 24 | 21.5% | 17.5% | ||
| Q3 24 | 22.7% | 14.4% | ||
| Q2 24 | 18.6% | 14.1% | ||
| Q1 24 | 19.7% | 12.9% |
| Q4 25 | 16.3% | 17.7% | ||
| Q3 25 | 17.0% | 14.4% | ||
| Q2 25 | 16.1% | 12.7% | ||
| Q1 25 | 18.3% | 14.3% | ||
| Q4 24 | 15.0% | 14.9% | ||
| Q3 24 | 16.3% | 13.0% | ||
| Q2 24 | 17.3% | 13.0% | ||
| Q1 24 | 15.6% | 16.6% |
| Q4 25 | $1.70 | $1.69 | ||
| Q3 25 | $1.63 | $1.15 | ||
| Q2 25 | $1.42 | $0.98 | ||
| Q1 25 | $1.76 | $0.94 | ||
| Q4 24 | $1.39 | $1.32 | ||
| Q3 24 | $1.37 | $0.95 | ||
| Q2 24 | $1.30 | $0.92 | ||
| Q1 24 | $1.18 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $2.3B |
| Total Assets | $3.9B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $923.6M | $1.4B | ||
| Q2 25 | $793.8M | $1.5B | ||
| Q1 25 | $971.0M | $1.5B | ||
| Q4 24 | $799.3M | $1.5B | ||
| Q3 24 | $691.4M | $1.4B | ||
| Q2 24 | $449.7M | $1.5B | ||
| Q1 24 | $721.2M | $1.5B |
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.8B | $2.2B | ||
| Q1 24 | $1.8B | $2.2B |
| Q4 25 | $3.9B | $4.1B | ||
| Q3 25 | $3.8B | $3.7B | ||
| Q2 25 | $3.5B | $3.7B | ||
| Q1 25 | $3.8B | $3.5B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $3.2B | $3.6B | ||
| Q2 24 | $2.9B | $3.7B | ||
| Q1 24 | $3.2B | $3.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $217.7M | $480.5M |
| Free Cash FlowOCF − Capex | $217.0M | $465.6M |
| FCF MarginFCF / Revenue | 30.3% | 32.8% |
| Capex IntensityCapex / Revenue | 0.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.87× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $738.9M | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.7M | $480.5M | ||
| Q3 25 | $325.0M | $228.8M | ||
| Q2 25 | $-131.6M | $125.0M | ||
| Q1 25 | $358.4M | $129.7M | ||
| Q4 24 | $265.5M | $370.9M | ||
| Q3 24 | $289.2M | $166.0M | ||
| Q2 24 | $-64.5M | $176.0M | ||
| Q1 24 | $225.3M | $239.1M |
| Q4 25 | $217.0M | $465.6M | ||
| Q3 25 | $322.8M | $212.3M | ||
| Q2 25 | $-144.8M | $108.8M | ||
| Q1 25 | $343.9M | $116.9M | ||
| Q4 24 | $261.7M | $356.6M | ||
| Q3 24 | $278.7M | $151.5M | ||
| Q2 24 | $-75.4M | $161.4M | ||
| Q1 24 | $213.1M | $228.8M |
| Q4 25 | 30.3% | 32.8% | ||
| Q3 25 | 49.0% | 17.9% | ||
| Q2 25 | -23.9% | 9.5% | ||
| Q1 25 | 51.6% | 11.6% | ||
| Q4 24 | 41.2% | 26.6% | ||
| Q3 24 | 48.5% | 13.6% | ||
| Q2 24 | -14.7% | 14.8% | ||
| Q1 24 | 40.9% | 22.6% |
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 2.2% | 1.4% | ||
| Q1 25 | 2.2% | 1.3% | ||
| Q4 24 | 0.6% | 1.1% | ||
| Q3 24 | 1.8% | 1.3% | ||
| Q2 24 | 2.1% | 1.3% | ||
| Q1 24 | 2.3% | 1.0% |
| Q4 25 | 1.87× | 1.91× | ||
| Q3 25 | 2.91× | 1.34× | ||
| Q2 25 | -1.35× | 0.86× | ||
| Q1 25 | 2.94× | 0.90× | ||
| Q4 24 | 2.79× | 1.85× | ||
| Q3 24 | 3.09× | 1.14× | ||
| Q2 24 | -0.73× | 1.24× | ||
| Q1 24 | 2.78× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
