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Saturday 7 November 2026
Export HIW’s income statement to Excel — free account
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
31.46
0.26
−0.82%
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Highwoods Properties, Inc. (HIW) Operating margin
Highwoods Properties, Inc.'s operating margin over the twelve months to 30 September 2026 was 25.8%, up 0.9 percentage points from fiscal 2025 (24.9%). Over the past ten years it has ranged from 22.8% (fiscal 2024) to 30.2% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Reit Office industry median of 17.8% and above the Real Estate sector median of 16.6%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 24.9% | 2.11 |
| FY2024 | 22.8% | (3.95) |
| FY2023 | 26.7% | 2.27 |
| FY2022 | 24.5% | (5.72) |
| FY2021 | 30.2% | 0.23 |
| FY2020 | 30.0% | 5.08 |
| FY2019 | 24.9% | (3.91) |
| FY2018 | 28.8% | 0.76 |
| FY2017 | 28.0% | 1.54 |
| FY2016 | 26.5% | 1.81 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 26.2% | (0.23) |
| Jun 2026 | 26.5% | 2.20 |
| Mar 2026 | 24.3% | (1.84) |
| Dec 2025 | 26.1% | 4.23 |
| 43 more quarters | Free account |
Against its own ten years
Low 22.8%
High 30.2%
Ten-year median
26.5%
Current reading's percentile
42
Operating margin against peers
| Company | Operating margin |
|---|---|
| CDP COPT Defense Properties compare | 30.2% |
| HIW Highwoods Properties, Inc. | 25.8% |
| CUZ Cousins Properties Incorporated compare | 23.8% |
| KRC Kilroy Realty Corporation compare | 22.9% |
| DEI Douglas Emmett, Inc. compare | 18.8% |
| ARE Alexandria Real Estate Equities, Inc. compare | 17.8% |
| PDM Piedmont Realty Trust, Inc. compare | 13.8% |
| VNO Vornado Realty Trust compare | 8.91% |
| SLG SL Green Realty Corporation compare | 6.58% |
| Reit Office industry median | 17.8% |
| Real Estate sector median | 16.6% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on HIW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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