Howard Hughes Holdings Inc. (HHH)
Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States. It operates through three segments: Operating Assets, MPC, and Strategic Developments. The Operating Assets segment acquires or develops retail, office, and multifamily properties, as well as invests in other real estate properties. The MPC segment plans, develops, and sells land in large scale and long term community development projects to homebuilders and developers. The Strategic Developments segment develops residential condominium and commercial property projects, as well as various other properties. The company was founded in 2010 and is headquartered in The Woodlands, Texas.
- Symbol
- HHH
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Market cap
- $3.94B
- 52 week range
- 60.09 - 91.07
Valuation
- Share price
- $63.75 (close of 2026-09-23)
- P/E (TTM)
- 13.09x
- Price to book
- 0.98x
- Price to free cash flow
- 5.01x
- Enterprise value
- $6.73B
- Book value per share
- $67.62
Price performance
| Period | Change |
|---|
| 1 day | -2.82% |
| 5 days | +1.92% |
| 1 month | -4.14% |
| 3 months | -5.16% |
| 6 months | -0.65% |
| Year to date | -20.08% |
| 1 year | -20.88% |
| 3 years | -10.00% |
| 5 years | -25.34% |
| 10 years | -42.16% |
| All time | +76.01% |
Profitability and growth
- Return on equity
- 3.22%
- Return on invested capital
- 3.92%
- Return on assets
- 1.16%
- Gross margin
- 30.77%
- Net margin
- 8.40%
- EBITDA margin
- 34.90%
- Revenue growth
- -15.75%
- Net income growth
- -37.33%
- Free cash flow growth
- 16.59%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 19.96%
- Net debt to EBITDA
- 3.61x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.47B
- Cost of revenue
- $1.02B
- Gross profit
- $453.75M
- EBITDA
- $514.75M
- Net income
- $123.90M
- Earnings per share
- $2.22
- Shares outstanding
- 55.72M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.47B | $453.75M | $123.90M | $2.22 |
| 2024-12-31 | $1.75B | $651.67M | $197.70M | $3.98 |
| 2023-12-31 | $908.75M | $302.89M | $-551.77M | $-11.13 |
| 2022-12-31 | $1.49B | $506.01M | $184.53M | $3.65 |
| 2021-12-31 | $1.43B | $323.86M | $48.92M | $0.98 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 30.77% | 8.40% | 3.22% | 3.92% |
| 2024-12-31 | 37.22% | 11.29% | 6.96% | 6.50% |
| 2023-12-31 | 33.33% | -60.72% | -18.04% | 2.50% |
| 2022-12-31 | 33.97% | 12.39% | 5.12% | 4.39% |
| 2021-12-31 | 22.68% | 3.43% | 1.32% | 7.91% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.47B | $5.11B |
| 2024-12-31 | $596.08M | $5.13B |
| 2023-12-31 | $629.71M | $5.30B |
| 2022-12-31 | $610.21M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $462.37M | $19.80M |
| 2024-12-31 | $396.59M | $16.01M |
| 2023-12-31 | $-258.48M | $16.39M |
| 2022-12-31 | $325.25M | $11.89M |
| 2021-12-31 | $-283.96M | $9.88M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-09
- Consensus EPS estimate
- $1.36
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-19 | - | - |
| 2025-11-10 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-26 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- howardhughes.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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