Saturday 17 October 2026 Export HHH’s income statement to Excel — free account

Howard Hughes Holdings Inc.

Howard Hughes Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 15.8% from fiscal 2024. In the quarter to June 2026, revenue grew 330.2%, EPS grew 1,318.2%, free cash flow grew 363.1% and total debt rose 4.45%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

68.69 1.22 −1.75%

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Market cap: $4.2B
P/E: 13.9×
Fwd P/E: 21.6×
Dividend yield: —
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.14

Total sells 1.64

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	1	—	—	—	—	—	2	—
Sell	1	—	—	—	1	—	1	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 4,170.00

Revenue 2,372.93

Net Income 290.10

Free Cash Flow 788.64

Net Debt 552.96

Current Ratio 0.00

Debt/Equity 1.35

P/E ratio 13.88

Fwd P/E 21.60

P/S ratio 1.71

P/B ratio 1.00

Past 5Y EPS Growth —

This Y EPS Growth 67.52%

Next Y EPS Growth (12.84%)

Next Y revenue growth 70.66%

Next 5Y EPS Growth 50.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 12.72%

10-year low 10-year high

P/S against its own 10 years 3.83%

10-year low 10-year high

P/B against its own 10 years 17.40%

10-year low 10-year high

EV/Sales against its own 10 years 1.88%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,192	1,168	2,267	4,903
Receivables	652	569	594	1,520
Inventory	—	—	—	—
Other	—	—	—	—
	1,844	1,737	2,861	6,423

	2023	2024	2025	Q'26
Payables	1,054	1,094	1,518	1,436
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,054	1,094	1,518	1,436

Compound Annual Growth %

	10y	5y	3y
Sales	6.35%	16.09%	(0.33%)
Cash Flow	34.46%	0.00%	12.44%
Earnings	(0.22%)	0.00%	(12.44%)
Book Value	4.98%	0.68%	2.14%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	236	1,122	—	—	—
’25	199	261	390	624	1,475
’24	156	283	327	984	1,751
’23	196	223	228	261	909
’22	210	277	640	363	1,489
’21	191	212	219	806	1,428
’20	175	156	154	214	699

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(229)	507	—	—	—
’25	(225)	177	150	360	462
’24	(171)	(18)	248	337	397
’23	(144)	(106)	(109)	101	(258)
’22	(101)	6	311	110	325
’21	(85)	5	40	(244)	(284)
’20	(73)	(25)	(71)	97	(73)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(267)	620	—	—	—
’25	(288)	134	106	330	282
’24	(216)	(111)	193	306	171
’23	(219)	(210)	(111)	77	(463)
’22	(194)	(75)	205	157	93
’21	(130)	(43)	225	(326)	(274)
’20	(218)	(132)	(200)	69	(481)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.14	2.68	—	—	—
’25	0.21	(0.22)	2.02	0.10	2.21
’24	(1.06)	0.42	1.46	3.12	3.96
’23	(0.46)	(0.39)	(10.97)	0.69	(11.13)
’22	0.04	0.42	2.19	1.07	3.65
’21	(1.20)	0.09	0.07	2.09	1.03
’20	(2.88)	(0.61)	2.51	(0.12)	(0.50)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	75.62	99.74	85.33	87.53	33.46	72.57	48.52	62.36	56.24	61.41	Analyst estimates 2026–2028 Powerpack
	High	118.20	126.41	135.71	129.09	123.68	107.91	100.58	85.40	87.77	91.07
People
People	Employees	1,100	1,100	1,400	1,500	600	530	565	608	545	500
	Revenue/emp, $m	0.94	1.00	0.76	0.87	1.17	2.69	2.64	1.49	3.21	2.95
Income, $m
Income, $m	Revenue	1,035	1,100	1,065	1,301	699	1,428	1,489	909	1,751	1,475
	Gross margin, %	45.64	42.50	37.34	35.18	30.04	35.76	43.11	49.76	41.81	43.57
	EBT	321	121	73	104	8	64	335	110	365	161
	EBT margin, %	30.99	10.98	6.88	7.96	1.21	4.49	22.48	12.09	20.87	10.95
	Net income	202	167	58	74	(3)	49	185	(552)	197	124
	Depreciation	100	138	137	181	223	216	169	190	202	210
Per share, $
Per share, $	Revenue	26.21	26.60	24.74	30.15	13.32	26.15	29.49	18.33	35.24	26.47
	Earnings	5.12	4.07	1.32	1.71	(0.50)	1.03	3.65	(11.13)	3.96	2.22
	Cash flow	6.05	4.00	4.89	4.82	(1.39)	(5.20)	6.44	(5.21)	7.98	8.30
	Capex	(11.09)	(7.52)	(19.98)	(28.63)	(7.76)	0.18	(4.59)	(4.13)	(4.53)	(3.23)
	Free cash flow	(5.03)	(3.52)	(15.09)	(23.82)	(9.15)	(5.02)	1.85	(9.34)	3.45	5.06
	Book value	65.11	77.09	75.24	77.27	70.73	67.97	71.39	61.71	57.19	68.95
	Shares, m	39	41	43	43	53	55	51	50	50	56
Valuation, ×
Valuation, ×	P/E	20.58	32.06	70.50	70.69	0.00	92.41	19.52	0.00	19.52	37.63
	P/S	4.02	4.76	3.76	4.01	5.65	3.71	2.46	4.40	2.18	3.01
	P/B	1.62	1.64	1.24	1.56	1.06	1.43	1.02	1.31	1.34	1.16
	EV/Sales	5.98	6.48	6.07	6.68	10.00	6.07	4.75	8.76	4.44	4.94
	EV/FCF	(31.13)	(49.05)	(9.95)	(8.46)	(14.56)	(31.65)	75.72	(17.18)	45.39	25.83
Cash, $m
Cash, $m	Operating cash flow	239	166	211	208	(73)	(284)	325	(258)	397	462
	Capex	(438)	(311)	(860)	(1,235)	(408)	10	(232)	(205)	(225)	(180)
	Free cash flow	(199)	(145)	(649)	(1,027)	(481)	(274)	93	(463)	171	282
Balance, $m
Balance, $m	Working capital	254	646	184	296	775	718	977	790	643	1,343
	Total debt	2,691	2,858	3,181	4,096	4,287	4,591	4,747	5,147	5,127	5,110
	Net debt	2,025	1,894	2,457	3,476	3,044	3,375	3,402	3,955	3,959	2,843
	Shareholders’ equity	2,572	3,189	3,238	3,333	3,715	3,711	3,606	3,059	2,842	3,842
Returns, %
Returns, %	ROA	3.35	2.57	0.81	0.94	(0.30)	0.60	1.92	(5.75)	2.10	1.25
	ROIC	4.44	2.73	1.17	1.38	(1.11)	2.13	3.78	1.93	5.15	3.10
	ROE	8.20	5.85	1.77	2.25	(0.74)	1.51	5.04	(16.56)	6.70	3.71

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CIGI Colliers International Group Inc.	$4.6B	42.6×	49.4×	+16.68% (above 0%: growing)	+600.00% (above 0%: growing)	+285.13% (above 0%: growing)	40.39%	6.26%	Compare
CUZ Cousins Properties Incorporated	$4.5B	691×	145×	+11.83% (above 0%: growing)	+77.78% (above 0%: growing)	+811.42% (above 0%: growing)	68.47%	24.85%	Compare
EPR EPR Properties	$4.2B	17.7×	19.0×	+10.11% (above 0%: growing)	−12.09% (below 0%: shrinking)	−498.03% (below 0%: shrinking)	92.16%	54.59%	Compare
HHH Howard Hughes Holdings Inc.	$4.2B	13.9×	21.6×	+330.21% (above 0%: growing)	n/m	+363.10% (above 0%: growing)	37.28%	21.35%
KRC Kilroy Realty Corporation	$4.1B	24.4×	155×	−6.04% (below 0%: shrinking)	−70.69% (below 0%: shrinking)	−83.18% (below 0%: shrinking)	65.29%	23.99%	Compare
SKT Tanger Inc.	$4.1B	31.9×	35.3×	+11.15% (above 0%: growing)	+7.41% (above 0%: growing)	−86.16% (below 0%: shrinking)	70.92%	30.98%	Compare
APLE Apple Hospitality REIT, Inc.	$4.0B	23.0×	23.1×	+4.73% (above 0%: growing)	+3.70% (above 0%: growing)	+26.31% (above 0%: growing)	62.61%	21.90%	Compare
COLD Americold Realty Trust Inc.	$4.0B	— (loss-making)	— (loss-making)	+1.87% (above 0%: growing)	n/m	+63.81% (above 0%: growing)	32.08%	(43.42%)	Compare
JOE St. Joe Company (The)	$3.9B	32.0×	32.0×	+23.05% (above 0%: growing)	+39.22% (above 0%: growing)	+58.68% (above 0%: growing)	46.23%	34.49%	Compare
Median of peers	$4.1B	31.9×	35.3×	+10.63%	+7.41%	+42.50%	63.95%	24.42%

All 245 Real Estate stocks →

Howard Hughes Holdings Inc. (HHH) key facts

Concern: Howard Hughes Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 15.8% from fiscal 2024.
Howard Hughes Holdings Inc. (HHH) is a Real Estate Diversified company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, HHH traded at $68.69, a market capitalization of $4.2 billion.
Return on equity was 3.71% and debt-to-equity 1.35.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.