Highwoods Properties, Inc.

HIW Real Estate Reit Office

Highwoods Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $806.1 million, down 2.39% from fiscal 2024.

Revenue
+8.13%
EPS
+157.4%
Free cash flow
+289.7%
Total debt
+3.15%

Quarter to September 2026, against a year earlier

31.46 0.26 −0.82%
Market cap
$3.5B
P/E
18.4×
Fwd P/E
18.1×
Dividend yield
6.36%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Highwoods Properties, Inc. (HIW) EV/FCF

Alert me on EV/FCF

As of 6 November 2026, Highwoods Properties, Inc. (HIW) trades at a EV/FCF of 120×. Over the past ten years it has ranged from −130× (August 2015) to 312× (July 2023); the current reading is higher than 88% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −68.7× —
FY2024 24.6× 13.17%
FY2023 21.7× (69.73%)
FY2022 71.7× 155.14%
FY2021 28.1× 110.68%
FY2020 13.3× —
FY2019 −32.5× —
FY2018 107× 133.82%
FY2017 45.9× 250.87%
FY2016 13.1× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 115× —
Jun 2026 −61.8× —
Mar 2026 −16.7× —
Dec 2025 −68.7× —
43 more quarters

Against its own ten years

Low −130× High 312×
Ten-year median 27.1×
Current reading's percentile 85

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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