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) Gross margin

Alert me on 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

Against its own ten years

Low 64.3% High 69.2%
Ten-year median 67.0%
Current reading's percentile 49

Gross margin against peers

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

The full definition of Gross margin →

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