Howard Hughes Holdings Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Howard Hughes Holdings Inc. has an operating margin of 32.0%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 23.8% the prior year.
Howard Hughes Holdings Inc.'s revenue surged 92.6% year-over-year to $1.8B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Howard Hughes Holdings Inc. has a moderate D/E ratio of 1.85. This balance of debt and equity financing earns a leverage score of 43/100.
Howard Hughes Holdings Inc. generates a 7.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100.
Howard Hughes Holdings Inc. passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Howard Hughes Holdings Inc. generates $2.01 in operating cash flow ($396.6M OCF vs $197.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Howard Hughes Holdings Inc. earns $3.4 in operating income for every $1 of interest expense ($559.9M vs $164.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Howard Hughes Holdings Inc. (HHH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Howard Hughes Holdings Inc. generated $1.8B in revenue in fiscal year 2024. This represents an increase of 92.6% from the prior year.
Howard Hughes Holdings Inc.'s EBITDA was $739.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 92.2% from the prior year.
Howard Hughes Holdings Inc. reported $197.7M in net income in fiscal year 2024. This represents an increase of 135.8% from the prior year.
Howard Hughes Holdings Inc. earned $3.96 per diluted share (EPS) in fiscal year 2024. This represents an increase of 135.6% from the prior year.
Howard Hughes Holdings Inc. held $596.1M in cash against $5.1B in long-term debt as of fiscal year 2024.
Howard Hughes Holdings Inc. had 50M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Howard Hughes Holdings Inc.'s operating margin was 32.0% in fiscal year 2024, reflecting core business profitability. This is up 8.2 percentage points from the prior year.
Howard Hughes Holdings Inc.'s net profit margin was 11.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 72.0 percentage points from the prior year.
Howard Hughes Holdings Inc.'s ROE was 7.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Howard Hughes Holdings Inc. spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
HHH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $390.2M+49.6% | $260.9M+30.9% | $199.3M-79.7% | $983.6M+200.7% | $327.1M+15.4% | $283.5M+81.1% | $156.5M-50.0% | $313.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $28.3M-18.1% | $34.6M+54.0% | $22.4M-1.7% | $22.8M-8.2% | $24.9M+11.2% | $22.4M+3.0% | $21.7M+1.9% | $21.3M |
| Operating Income | $189.6M+179.4% | $67.9M+41.6% | $47.9M-81.6% | $260.5M+31.3% | $198.3M+124.2% | $88.5M+601.6% | $12.6M-88.0% | $105.1M |
| Interest Expense | $43.9M+0.4% | $43.7M+6.3% | $41.1M+3.8% | $39.6M-9.6% | $43.8M+10.6% | $39.6M-5.5% | $41.9M-9.5% | $46.3M |
| Income Tax | $38.9M+1118.0% | -$3.8M-211.2% | $3.4M-94.5% | $62.9M+517.4% | $10.2M-24.7% | $13.5M+308.3% | -$6.5M-120.5% | $31.7M |
| Net Income | $119.5M+1084.1% | -$12.1M-215.3% | $10.5M-93.3% | $156.3M+114.8% | $72.8M+245.0% | $21.1M+140.2% | -$52.5M-253.0% | $34.3M |
| EPS (Diluted) | $2.02+1018.2% | $-0.22-204.8% | $0.21-93.3% | $3.12+113.7% | $1.46+247.6% | $0.42+139.6% | $-1.06-253.6% | $0.69 |
HHH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.7B+3.9% | $10.3B+10.9% | $9.3B+0.8% | $9.2B-2.4% | $9.4B-4.7% | $9.9B+2.8% | $9.6B+0.6% | $9.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.5B+1.1% | $1.4B+191.9% | $493.7M-17.2% | $596.1M+48.8% | $400.7M-7.5% | $433.4M-5.9% | $460.7M-26.8% | $629.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $125.0M+2.9% | $121.5M+0.8% | $120.5M+14.6% | $105.2M+3.9% | $101.3M-7.7% | $109.7M-1.3% | $111.1M+9.6% | $101.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.9B+4.2% | $6.6B+2.4% | $6.4B+1.0% | $6.4B-5.8% | $6.8B-1.6% | $6.9B+3.7% | $6.6B+1.6% | $6.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | $5.1B | N/A | N/A | N/A | $5.3B |
| Total Equity | $3.8B+3.4% | $3.6B+30.7% | $2.8B+0.4% | $2.8B+6.2% | $2.6B-12.0% | $3.0B+0.8% | $2.9B-1.5% | $3.0B |
| Retained Earnings | -$68.1M+63.7% | -$187.6M-6.9% | -$175.5M+5.7% | -$186.0M+45.7% | -$342.3M+17.5% | -$415.1M+4.8% | -$436.2M-13.7% | -$383.7M |
HHH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $149.8M-15.5% | $177.3M+178.8% | -$224.9M-166.7% | $337.1M+35.8% | $248.3M+1516.0% | -$17.5M+89.8% | -$171.2M-269.1% | $101.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$39.4M+33.3% | -$59.1M+7.1% | -$63.6M-16.7% | -$54.5M+30.2% | -$78.1M+17.4% | -$94.6M-28.4% | -$73.6M+10.6% | -$82.4M |
| Financing Cash Flow | $64.6M-92.3% | $842.6M+557.9% | $128.1M+162.5% | -$204.8M-32.0% | -$155.2M-223.2% | $126.0M+50.7% | $83.6M-15.0% | $98.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
HHH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 48.6%+22.6pp | 26.0%+2.0pp | 24.1%-2.4pp | 26.5%-34.1pp | 60.6%+29.4pp | 31.2%+23.1pp | 8.1%-25.5pp | 33.6% |
| Net Margin | 30.6%+35.3pp | -4.7%-9.9pp | 5.3%-10.6pp | 15.9%-6.3pp | 22.2%+14.8pp | 7.4%+41.0pp | -33.5%-44.5pp | 11.0% |
| Return on Equity | 3.2% | N/A | 0.4%-5.3pp | 5.6%+2.9pp | 2.8%+2.1pp | 0.7% | N/A | 1.1% |
| Return on Assets | 1.1%+1.2pp | -0.1%-0.2pp | 0.1%-1.6pp | 1.7%+0.9pp | 0.8%+0.6pp | 0.2%+0.8pp | -0.5%-0.9pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.82+0.0 | 1.81-0.5 | 2.31+0.5 | 1.85-0.7 | 2.58+0.3 | 2.31+0.1 | 2.25+0.5 | 1.77 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Howard Hughes Holdings Inc.'s annual revenue?
Howard Hughes Holdings Inc. (HHH) reported $1.8B in total revenue for fiscal year 2024. This represents a 92.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Howard Hughes Holdings Inc.'s revenue growing?
Howard Hughes Holdings Inc. (HHH) revenue grew by 92.6% year-over-year, from $908.8M to $1.8B in fiscal year 2024.
Is Howard Hughes Holdings Inc. profitable?
Yes, Howard Hughes Holdings Inc. (HHH) reported a net income of $197.7M in fiscal year 2024, with a net profit margin of 11.3%.
What is Howard Hughes Holdings Inc.'s earnings per share (EPS)?
Howard Hughes Holdings Inc. (HHH) reported diluted earnings per share of $3.96 for fiscal year 2024. This represents a 135.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Howard Hughes Holdings Inc.'s EBITDA?
Howard Hughes Holdings Inc. (HHH) had EBITDA of $739.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Howard Hughes Holdings Inc. have?
As of fiscal year 2024, Howard Hughes Holdings Inc. (HHH) had $596.1M in cash and equivalents against $5.1B in long-term debt.
What is Howard Hughes Holdings Inc.'s operating margin?
Howard Hughes Holdings Inc. (HHH) had an operating margin of 32.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Howard Hughes Holdings Inc.'s net profit margin?
Howard Hughes Holdings Inc. (HHH) had a net profit margin of 11.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Howard Hughes Holdings Inc.'s return on equity (ROE)?
Howard Hughes Holdings Inc. (HHH) has a return on equity of 7.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Howard Hughes Holdings Inc.'s operating cash flow?
Howard Hughes Holdings Inc. (HHH) generated $396.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Howard Hughes Holdings Inc.'s total assets?
Howard Hughes Holdings Inc. (HHH) had $9.2B in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Howard Hughes Holdings Inc. have outstanding?
Howard Hughes Holdings Inc. (HHH) had 50M shares outstanding as of fiscal year 2024.
What is Howard Hughes Holdings Inc.'s debt-to-equity ratio?
Howard Hughes Holdings Inc. (HHH) had a debt-to-equity ratio of 1.85 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Howard Hughes Holdings Inc.'s return on assets (ROA)?
Howard Hughes Holdings Inc. (HHH) had a return on assets of 2.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Howard Hughes Holdings Inc.'s Piotroski F-Score?
Howard Hughes Holdings Inc. (HHH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Howard Hughes Holdings Inc.'s earnings high quality?
Howard Hughes Holdings Inc. (HHH) has an earnings quality ratio of 2.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Howard Hughes Holdings Inc. cover its interest payments?
Howard Hughes Holdings Inc. (HHH) has an interest coverage ratio of 3.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Howard Hughes Holdings Inc.?
Howard Hughes Holdings Inc. (HHH) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.