What is Highwoods Pptys Inc's earnings per share (EPS)?

Highwoods Pptys Inc (HIW) reported diluted earnings per share of $1.45 for fiscal year 2025. This represents a 54.3% 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.

Highwoods Pptys Inc (HIW) Financials

HIW

Trailing 12 months to March 31, 2026

Revenue $819.8M +0.6% YoY

Net Income $96.0M -45.8% YoY

EPS (Diluted) $0.84 -47.5% YoY

Operating Cash Flow $375.7M -0.5% YoY

Market Cap $3.4B as of Sep 5, 2026

Price / Sales 4.2x on $819.8M revenue, trailing 12 months to March 31, 2026

Price / Earnings 35.8x on $96.0M net income, trailing 12 months to March 31, 2026

Price / Book 1.5x on $2.4B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HIW SEC filings page.

Highwoods Pptys Inc (HIW) reported $819.8M in revenue over the twelve months to Mar 31, 2026, up 0.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI HIW FY2025 2026-08-30

Highwoods operates with stable property earnings, but rising leverage and reinvestment increasingly shape shareholder cash economics.

The core operating engine has been comparatively steady: operating margin moved from 69.2% in FY2021 to 67.6% in FY2025. Meanwhile, interest expense rose from $85.9M to $152.4M. That financing burden helps explain the earnings gap: net margin fell to 12.6% in FY2024 even as operating margin remained 67.0%. It recovered to 20.2% in FY2025, but remained below FY2021's 42.1%, so the rebound was not a return to the earlier profit structure.

Debt-to-equity rose from 1.2x in FY2021 to 1.6x in FY2025. Liabilities reached $3.84B against $2.38B of equity, indicating asset growth has relied more on creditors than retained capital.

Operating cash flow was $359M in FY2025 versus $217M of dividends, so operations funded distributions but not the full investment program. Investing cash flow was -$441M while financing cash flow was $91M, indicating investment outpaced operating cash and was partly bridged externally.

Financial Health Signals

Financial Health Score 60/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Highwoods Pptys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Highwoods Pptys Inc scores 83/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Highwoods Pptys Inc scores 38/100 on it among other REITs.

Leverage

Not available for Highwoods Pptys Inc, and counted as zero in the overall score.

Interest Cov.

Highwoods Pptys Inc's operating income of $544.7M covered its interest expense of $152.4M 3.57 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Highwoods Pptys Inc scores 83/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Highwoods Pptys Inc scores 83/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Highwoods Pptys Inc scores 75/100 on it among other REITs.

Piotroski F-Score Partial

4/6

Highwoods Pptys Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.21x

For every $1 of reported earnings, Highwoods Pptys Inc generates $2.21 in operating cash flow ($359.2M OCF vs $162.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.57x

Highwoods Pptys Inc earns $3.57 in operating income for every $1 of interest expense ($544.7M vs $152.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$214.0M

YoY+6.8%

QoQ+5.3%

5Y CAGR+3.1%

Highwoods Pptys Inc generated $214.0M in revenue in Q1 2026. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 5.3%.

EBITDA

$220.5M

YoY+6.6%

QoQ+4.2%

5Y CAGR+3.2%

Highwoods Pptys Inc's EBITDA was $220.5M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.6% from the same quarter a year earlier. Against the prior quarter it is up 4.2%.

Net Income

$33.4M

YoY-66.6%

QoQ+12.3%

5Y CAGR-10.1%

10Y CAGR-22.9%

Highwoods Pptys Inc reported $33.4M in net income in Q1 2026. This represents a decrease of 66.6% from the same quarter a year earlier. Against the prior quarter it is up 12.3%.

EPS (Diluted)

$0.29

YoY-68.1%

QoQ+11.5%

5Y CAGR-11.0%

10Y CAGR-24.0%

Highwoods Pptys Inc earned $0.29 per diluted share (EPS) in Q1 2026. This represents a decrease of 68.1% from the same quarter a year earlier. Against the prior quarter it is up 11.5%.

Cash & Balance Sheet

Cash & Debt

$32.4M

YoY+61.3%

QoQ+18.5%

5Y CAGR-8.0%

10Y CAGR+25.5%

Highwoods Pptys Inc held $32.4M in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding

110M

YoY+2.3%

QoQ+0.3%

5Y CAGR+1.2%

10Y CAGR+1.2%

Highwoods Pptys Inc had 110M shares outstanding in Q1 2026. This represents an increase of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Operating Margin

66.8%

YoY-0.8pp

QoQ-0.4pp

5Y CAGR-2.7pp

Highwoods Pptys Inc's operating margin was 66.8% in Q1 2026, reflecting core business profitability. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Net Margin

15.6%

YoY-34.3pp

QoQ+1.0pp

5Y CAGR-15.3pp

Highwoods Pptys Inc's net profit margin was 15.6% in Q1 2026, showing the share of revenue converted to profit. This is down 34.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Return on Equity

1.4%

YoY-2.7pp

QoQ+0.2pp

5Y CAGR-1.0pp

10Y CAGR-20.4pp

Highwoods Pptys Inc's ROE was 1.4% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Gross Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

HIW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HIW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$819.8M	$806.1M-2.4%	$825.9M-1.0%	$834.0M+0.6%	$828.9M+7.9%	$768.0M+4.2%	$736.9M+0.1%	$736.0M+2.2%	$720.0M+2.5%	$702.7M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$41.3M	$40.3M-3.8%	$41.9M-2.2%	$42.9M+1.4%	$42.3M+4.2%	$40.6M-1.2%	$41.0M-6.9%	$44.1M+10.2%	$40.0M+0.9%	$39.6M+3.9%	$38.2M+1.4%	$37.6M+6.8%	$35.3M-3.1%	$36.4M-2.7%	$37.4M+4.6%	$35.7M
Operating Income	$552.3M	$544.7M-1.6%	$553.7M-2.0%	$565.2M-0.7%	$569.1M+7.1%	$531.6M+5.2%	$505.1M+3.6%	$487.5M+2.1%	$477.6M+2.5%	$465.8M+7.2%	$434.5M+11.8%	$388.7M+11.1%	$350.0M+9.1%	$320.8M+4.1%	$308.3M+12.3%	$274.6M
EBITDA	N/A	$839.7M-1.5%	$852.7M-1.4%	$864.6M+0.9%	$856.7M+8.3%	$790.8M+5.9%	$746.7M+0.6%	$742.0M+4.9%	$707.6M+2.0%	$693.7M+6.0%	$654.7M+10.8%	$590.6M+11.3%	$530.6M+9.7%	$483.8M+6.4%	$454.7M+13.1%	$402.1M
Interest Expense	$157.5M	$152.4M+3.6%	$147.2M+7.7%	$136.7M+29.7%	$105.4M+22.8%	$85.9M+6.0%	$81.0M-0.8%	$81.6M+14.3%	$71.4M+3.4%	$69.1M-9.8%	$76.6M-10.9%	$86.1M+1.1%	$85.1M-7.4%	$91.9M-4.4%	$96.1M+0.6%	$95.5M
Net Income	$96.0M	$162.7M+56.0%	$104.3M-31.1%	$151.3M-7.7%	$164.0M-49.3%	$323.3M-9.7%	$357.9M+152.6%	$141.7M-20.2%	$177.6M-7.3%	$191.7M-64.6%	$541.1M+434.4%	$101.3M-12.7%	$116.0M-11.5%	$131.1M+55.6%	$84.2M+75.6%	$48.0M
EPS (Basic)	N/A	$1.45+54.3%	$0.94-32.4%	$1.39-6.7%	$1.49-50.0%	$2.98-10.2%	$3.32+155.4%	$1.30-20.7%	$1.64-7.9%	$1.78-66.4%	$5.30+430.0%	$1.00-16.7%	$1.20-16.7%	$1.44+41.2%	$1.02+88.9%	$0.54
EPS (Diluted)	$0.84	$1.45+54.3%	$0.94-32.4%	$1.39-6.7%	$1.49-50.0%	$2.98-10.2%	$3.32+155.4%	$1.30-20.7%	$1.64-7.9%	$1.78-66.4%	$5.30+430.0%	$1.00-16.0%	$1.19-17.4%	$1.44+41.2%	$1.02+88.9%	$0.54
Diluted Shares (Avg)	N/A	111M+2.1%	108M+0.5%	108M+0.2%	108M+0.5%	107M+0.3%	107M+0.3%	106M+0.2%	106M+0.6%	106M+4.1%	101M+4.1%	97M+3.8%	94M+5.6%	89M+11.5%	80M+4.6%	76M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$214.0M+6.8%	$203.4M-1.1%	$201.8M-1.2%	$200.6M-2.0%	$200.4M-5.2%	$205.5M-0.6%	$204.3M-1.3%	$204.7M-1.2%
SG&A Expenses	$13.4M+7.8%	$8.5M-15.9%	$9.0M-9.1%	$10.3M+10.3%	$12.5M-0.3%	$10.1M-16.7%	$9.9M+11.6%	$9.4M-0.2%
Operating Income	$142.9M+5.6%	$136.6M+1.9%	$135.8M-2.0%	$136.9M-2.3%	$135.3M-3.9%	$134.1M-2.4%	$138.6M-0.9%	$140.2M-0.6%
EBITDA	$220.5M+6.6%	$211.6M+2.4%	$209.7M-3.7%	$211.6M-1.1%	$206.8M-3.6%	$206.6M-4.5%	$217.7M+1.4%	$213.9M-1.0%
Interest Expense	$41.7M+13.8%	$39.7M+6.4%	$38.5M+2.7%	$37.7M+4.9%	$36.6M+0.2%	$37.3M+5.6%	$37.5M+9.4%	$35.9M+5.4%
Net Income	$33.4M-66.6%	$29.7M+1029.4%	$13.7M-11.4%	$19.2M-70.3%	$100.0M+267.5%	-$3.2M-108.1%	$15.5M-33.2%	$64.8M+47.6%
EPS (Basic)	$0.29-68.1%	$0.26+750.0%	$0.12-14.3%	$0.17-71.2%	$0.91+264.0%	-$0.04-111.1%	$0.14-33.3%	$0.59+47.5%
EPS (Diluted)	$0.29-68.1%	$0.26+750.0%	$0.12-14.3%	$0.17-71.2%	$0.91+264.0%	-$0.04-111.1%	$0.14-33.3%	$0.59+47.5%
Diluted Shares (Avg)	112M+2.0%	N/A	111M+2.2%	110M+1.7%	110M+1.7%	N/A	108M+0.3%	108M+0.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.

HIW Balance Sheet

HIW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$6.3B+4.1%	$6.0B+0.4%	$6.0B-1.0%	$6.1B+6.5%	$5.7B+9.3%	$5.2B+1.4%	$5.1B+9.9%	$4.7B+1.1%	$4.6B+1.4%	$4.6B+1.7%	$4.5B+12.2%	$4.0B+5.0%	$3.8B+13.6%	$3.4B+5.3%	$3.2B
Cash & Equivalents	$27.4M+22.1%	$22.4M-10.8%	$25.1M+17.6%	$21.4M-7.8%	$23.2M-78.8%	$109.3M+1050.2%	$9.5M+152.2%	$3.8M+15.2%	$3.3M-93.4%	$49.5M+882.7%	$5.0M-43.0%	$8.8M-13.3%	$10.2M-26.1%	$13.8M+23.2%	$11.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$28.3M-0.1%	$28.3M+0.7%	$28.1M+10.3%	$25.5M+82.0%	$14.0M-49.1%	$27.5M+17.6%	$23.4M-9.9%	$26.0M+6.4%	$24.4M+40.4%	$17.4M-40.3%	$29.1M-40.1%	$48.6M+83.7%	$26.4M+14.5%	$23.1M-23.3%	$30.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.8B+6.7%	$3.6B+2.4%	$3.5B+0.5%	$3.5B+13.4%	$3.1B+12.6%	$2.7B-3.2%	$2.8B+22.8%	$2.3B+2.8%	$2.2B-0.9%	$2.3B-17.4%	$2.7B+18.2%	$2.3B+5.3%	$2.2B+6.9%	$2.1B-1.1%	$2.1B
Total Equity	$2.4B+0.8%	$2.4B-3.0%	$2.4B-1.8%	$2.5B0.0%	$2.5B+6.0%	$2.3B+8.5%	$2.2B-4.2%	$2.2B+1.2%	$2.2B+3.9%	$2.1B+33.4%	$1.6B+4.5%	$1.5B+3.8%	$1.5B+27.3%	$1.2B+18.1%	$982.2M
Retained Earnings	-$870.1M-7.3%	-$810.6M-16.1%	-$698.0M-10.2%	-$633.2M-9.2%	-$579.6M+15.5%	-$686.2M+17.5%	-$831.8M-8.1%	-$769.3M-2.9%	-$747.3M+0.3%	-$749.4M+26.8%	-$1.0B-6.9%	-$957.4M-4.0%	-$920.4M-2.6%	-$897.4M-6.1%	-$845.9M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$6.6B+8.6%	$6.3B+4.1%	$6.1B+1.9%	$6.1B+1.5%	$6.1B+1.0%	$6.0B+0.4%	$6.0B+0.1%	$6.0B-0.9%
Cash & Equivalents	$32.4M+61.3%	$27.4M+22.1%	$26.3M+11.0%	$21.2M-21.5%	$20.1M+22.4%	$22.4M-10.8%	$23.6M+39.9%	$27.0M+58.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$29.8M+3.5%	$28.3M-0.1%	$30.3M+16.3%	$27.8M-8.5%	$28.8M-16.4%	$28.3M+0.7%	$26.1M+2.0%	$30.4M+48.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$4.0B+10.7%	$3.8B+6.7%	$3.7B+2.7%	$3.6B+3.4%	$3.6B+1.3%	$3.6B+2.4%	$3.6B+1.9%	$3.5B0.0%
Total Equity	$2.4B-1.7%	$2.4B+0.8%	$2.4B+0.9%	$2.4B-1.7%	$2.4B+0.3%	$2.4B-3.0%	$2.4B-3.8%	$2.4B-2.3%
Retained Earnings	-$893.7M-16.5%	-$870.1M-7.3%	-$843.8M-12.0%	-$802.6M-12.3%	-$767.0M-5.8%	-$810.6M-16.1%	-$753.4M-10.3%	-$715.0M-9.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

HIW Cash Flow Statement

HIW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$375.7M	$359.2M-11.0%	$403.6M+4.3%	$387.0M-8.3%	$421.8M+1.7%	$414.6M+15.7%	$358.2M-2.1%	$365.8M+2.0%	$358.6M+1.7%	$352.5M+15.3%	$305.8M+5.9%	$288.9M+8.2%	$266.9M+4.1%	$256.4M+32.6%	$193.4M-1.0%	$195.4M
Depreciation & Amortization	N/A	$295.0M-1.4%	$299.0M-0.1%	$299.4M+4.1%	$287.6M+10.9%	$259.3M+7.3%	$241.6M-5.1%	$254.5M+10.7%	$230.0M+0.9%	$227.8M+3.5%	$220.1M+9.0%	$201.9M+11.8%	$180.6M+10.9%	$162.9M+11.3%	$146.4M+14.8%	$127.5M
Stock-Based Compensation	N/A	$8.2M+2.6%	$8.0M+14.5%	$7.0M-7.5%	$7.6M-12.7%	$8.6M+39.2%	$6.2M-13.5%	$7.2M-3.8%	$7.5M+11.6%	$6.7M+7.1%	$6.3M-9.2%	$6.9M-0.8%	$6.9M+0.6%	$6.9M-9.4%	$7.6M+24.9%	$6.1M
Investing Cash Flow	-$753.6M	-$440.7M-45.7%	-$302.4M-78.2%	-$169.7M+72.4%	-$614.8M-113.7%	-$287.7M-359.9%	$110.7M+118.2%	-$607.4M-98.0%	-$306.7M-53.1%	-$200.3M-192.6%	$216.3M+133.1%	-$654.2M-99.3%	-$328.2M+8.0%	-$356.6M-49.3%	-$238.8M-10.8%	-$215.5M
Financing Cash Flow	$391.0M	$90.8M+191.7%	-$99.0M+51.8%	-$205.4M-209.3%	$187.9M+166.0%	-$284.9M+3.2%	-$294.3M-219.5%	$246.2M+289.3%	-$130.1M+8.7%	-$142.5M+69.4%	-$465.2M-228.7%	$361.5M+503.3%	$59.9M-38.0%	$96.6M+101.2%	$48.0M+181.2%	$17.1M
Dividends Paid	$217.9M	$216.7M+2.1%	$212.4M+0.6%	$211.0M+0.4%	$210.2M+2.9%	$204.2M+2.4%	$199.3M+1.2%	$196.9M+2.9%	$191.3M+5.8%	$180.8M+8.4%	$166.9M+4.1%	$160.3M+4.0%	$154.2M+5.6%	$146.0M+13.5%	$128.7M+4.8%	$122.7M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$62.8M+35.7%	$99.7M-3.9%	$96.7M-0.8%	$116.5M-10.3%	$46.3M-36.0%	$103.7M+0.9%	$97.5M-5.4%	$130.0M+12.6%
Depreciation & Amortization	$77.5M+8.6%	$75.0M+3.4%	$73.9M-6.6%	$74.7M+1.3%	$71.4M-3.1%	$72.5M-8.2%	$79.1M+5.8%	$73.7M-1.7%
Stock-Based Compensation	$6.5M+29.9%	N/A	$1.2M+20.0%	$1.3M+18.2%	$5.0M+2.8%	N/A	$1.0M+25.0%	$1.1M+37.5%
Investing Cash Flow	-$340.2M-1150.2%	-$201.3M-106.5%	-$157.2M-5.5%	-$54.9M-1059.8%	-$27.2M+55.9%	-$97.5M-151.7%	-$149.0M-137.3%	$5.7M-10.0%
Financing Cash Flow	$286.9M+2260.8%	$102.9M+1681.1%	$62.3M+28.0%	-$61.1M+51.6%	-$13.3M+11.5%	-$6.5M+87.8%	$48.6M+216.1%	-$126.2M-4.2%
Dividends Paid	$55.0M+2.1%	$55.0M+2.8%	$54.0M+2.0%	$53.9M+1.7%	$53.8M+1.8%	$53.5M+1.2%	$53.0M+0.3%	$53.0M+0.5%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.

HIW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HIW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	67.6%+0.5pp	67.0%-0.7pp	67.8%-0.9pp	68.7%-0.6pp	69.2%+0.7pp	68.5%+2.3pp	66.2%-0.1pp	66.3%0.0pp	66.3%	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.2%+7.6pp	12.6%-5.5pp	18.1%-1.6pp	19.8%-22.3pp	42.1%-6.5pp	48.6%+29.3pp	19.3%-5.4pp	24.7%-2.6pp	27.3%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	6.8%+2.4pp	4.4%-1.8pp	6.2%-0.4pp	6.6%-6.4pp	13.1%-2.3pp	15.3%+8.7pp	6.6%-1.3pp	7.9%-0.7pp	8.6%-16.7pp	25.3%+19.0pp	6.3%-1.2pp	7.6%-1.3pp	8.9%+1.6pp	7.3%+2.4pp	4.9%
Return on Assets	2.6%+0.9pp	1.7%-0.8pp	2.5%-0.2pp	2.7%-3.0pp	5.7%-1.2pp	6.9%+4.1pp	2.8%-1.0pp	3.8%-0.4pp	4.2%-7.7pp	11.9%+9.6pp	2.3%-0.6pp	2.9%-0.5pp	3.4%+0.9pp	2.5%+1.0pp	1.5%
Debt-to-Equity	1.61+0.1x	1.52+0.1x	1.440.0x	1.41+0.2x	1.24+0.1x	1.17-0.1x	1.32+0.3x	1.030.0x	1.010.0x	1.06-0.7x	1.71+0.2x	1.510.0x	1.49-0.3x	1.78-0.3x	2.12
Asset Turnover	0.130.0x	0.140.0x	0.140.0x	0.140.0x	0.130.0x	0.140.0x	0.140.0x	0.150.0x	0.15	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Margin	66.8%-0.8pp	67.2%+1.9pp	67.3%-0.5pp	68.3%-0.2pp	67.5%+0.9pp	65.2%-1.2pp	67.8%+0.3pp	68.5%+0.5pp
Net Margin	15.6%-34.3pp	14.6%+16.2pp	6.8%-0.8pp	9.6%-22.1pp	49.9%+37.0pp	-1.6%-20.6pp	7.6%-3.6pp	31.6%+10.5pp
Return on Equity	1.4%-2.7pp	1.3%+1.4pp	0.6%-0.1pp	0.8%-1.9pp	4.2%+3.0pp	-0.1%-1.8pp	0.7%-0.3pp	2.7%+0.9pp
Return on Assets	0.5%-1.1pp	0.5%+0.5pp	0.2%0.0pp	0.3%-0.8pp	1.7%+1.2pp	-0.1%-0.7pp	0.3%-0.1pp	1.1%+0.4pp
Debt-to-Equity	1.68+0.2x	1.61+0.1x	1.550.0x	1.52+0.1x	1.490.0x	1.52+0.1x	1.52+0.1x	1.450.0x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Highwoods Pptys Inc HIW	FY2025	$806.1M	$162.7M	20.2%	$3.4B	60/100
Copt Defense Properties CDP	FY2025	$763.9M	$159.5M	20.9%	$4.0B	50/100
Douglas Emmett Inc DEI	FY2025	$1.0B	$16.3M	1.6%	$1.9B	44/100
Cousins Pptys Inc CUZ	FY2025	$993.8M	$40.5M	4.1%	$4.8B	71/100
Kilroy Rlty Corp KRC	FY2025	$1.1B	$303	0.0%	$4.3B	34/100
Sl Green Rlty SLG	FY2025	$1.0B	-$96.9M	-9.7%	$3.9B	27/100

Where Highwoods Pptys Inc Ranks

Frequently Asked Questions

What is Highwoods Pptys Inc's annual revenue?

Highwoods Pptys Inc (HIW) reported $806.1M in total revenue for fiscal year 2025. This represents a -2.4% 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 Highwoods Pptys Inc's revenue growing?

Highwoods Pptys Inc (HIW) revenue declined by 2.4% year-over-year, from $825.9M to $806.1M in fiscal year 2025.

Is Highwoods Pptys Inc profitable?

Yes, Highwoods Pptys Inc (HIW) reported a net income of $162.7M in fiscal year 2025, with a net profit margin of 20.2%.

What is Highwoods Pptys Inc's EBITDA?

Highwoods Pptys Inc (HIW) had EBITDA of $839.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Highwoods Pptys Inc's operating margin?

Highwoods Pptys Inc (HIW) had an operating margin of 67.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Highwoods Pptys Inc's net profit margin?

Highwoods Pptys Inc (HIW) had a net profit margin of 20.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Highwoods Pptys Inc's return on equity (ROE)?

Highwoods Pptys Inc (HIW) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Highwoods Pptys Inc's operating cash flow?

Highwoods Pptys Inc (HIW) generated $359.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Highwoods Pptys Inc's total assets?

Highwoods Pptys Inc (HIW) had $6.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Highwoods Pptys Inc have outstanding?

Highwoods Pptys Inc (HIW) had 110M shares outstanding as of fiscal year 2025.

What is Highwoods Pptys Inc's debt-to-equity ratio?

Highwoods Pptys Inc (HIW) had a debt-to-equity ratio of 1.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Highwoods Pptys Inc's return on assets (ROA)?

Highwoods Pptys Inc (HIW) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Highwoods Pptys Inc's P/E ratio?

Highwoods Pptys Inc (HIW) trades at 35.8x earnings, its market capitalization divided by net income of $96.0M net income, trailing 12 months to March 31, 2026. The market capitalization is $3.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Highwoods Pptys Inc's price-to-sales ratio?

Highwoods Pptys Inc (HIW) trades at 4.2x sales, its market capitalization divided by revenue of $819.8M revenue, trailing 12 months to March 31, 2026. The market capitalization is $3.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Highwoods Pptys Inc's Piotroski F-Score?

Highwoods Pptys Inc (HIW) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Highwoods Pptys Inc's earnings high quality?

Highwoods Pptys Inc (HIW) has an earnings quality ratio of 2.21x, 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 Highwoods Pptys Inc cover its interest payments?

Highwoods Pptys Inc (HIW) has an interest coverage ratio of 3.57x, 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 Highwoods Pptys Inc?

Highwoods Pptys Inc (HIW) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.