Highwoods Properties, Inc.
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
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Highwoods Properties, Inc. (HIW) Gross margin
Highwoods Properties, Inc.'s gross margin over the twelve months to 30 September 2026 was 67.2%, down 0.4 percentage points from fiscal 2025 (67.6%). Over the past ten years it has ranged from 64.3% (fiscal 2015) to 69.2% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Reit Office industry median of 60.9% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 67.6% | 0.54 |
| FY2024 | 67.0% | (0.73) |
| FY2023 | 67.8% | (0.89) |
| FY2022 | 68.7% | (0.55) |
| FY2021 | 69.2% | 0.67 |
| FY2020 | 68.5% | 2.31 |
| FY2019 | 66.2% | (0.10) |
| FY2018 | 66.3% | 0.04 |
| FY2017 | 66.3% | 1.01 |
| FY2016 | 65.3% | 0.99 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 67.2% | (0.40) |
| Jun 2026 | 67.6% | 0.81 |
| Mar 2026 | 66.8% | (0.40) |
| Dec 2025 | 67.2% | (0.16) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CUZ Cousins Properties Incorporated compare | 68.4% |
| ARE Alexandria Real Estate Equities, Inc. compare | 67.7% |
| HIW Highwoods Properties, Inc. | 67.2% |
| KRC Kilroy Realty Corporation compare | 64.4% |
| DEI Douglas Emmett, Inc. compare | 62.6% |
| PDM Piedmont Realty Trust, Inc. compare | 60.1% |
| CDP COPT Defense Properties compare | 57.6% |
| VNO Vornado Realty Trust compare | 48.5% |
| SLG SL Green Realty Corporation compare | 47.1% |
| Reit Office industry median | 60.9% |
| Real Estate sector median | 62.8% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on HIW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement