In fiscal 2025, which ended Dec 31, 2025, Howard Hughes Holdings Inc. reported revenue of $1.5 billion, down 15.8% from the year before. Net income was $123.9 million, a profit margin of 8.4%. Operating income came to $331.5 million, an operating margin of 22.5%. Diluted earnings per share were $2.21. Over the twelve months ended Jun 30, 2026, revenue was $2.4 billion and net income was $292.1 million.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
|---|---|---|---|---|
| Revenue |
2,373
+34.0%
|
1,475
-15.8%
|
1,751
+92.6%
|
909
|
| Selling, general and administrative |
127
+21.5%
|
122
+33.2%
|
92
+5.9%
|
87
|
| Other operating income (expense) |
12
-90.4%
|
14
-88.0%
|
115
+283.6%
|
30
|
| Operating income |
506
-11.9%
|
332
-40.8%
|
560
+159.0%
|
216
|
| Interest expense |
173
+1.1%
|
170
+3.0%
|
165
|
—
|
| Pretax income |
381
+15.2%
|
161
-55.8%
|
365
+232.7%
|
110
|
| Income tax |
91
+24.5%
|
38
-53.1%
|
80
+203.5%
|
26
|
| Net income |
292
|
124
-37.3%
|
198
|
—
|
| Basic EPS |
4.96
|
2.22
-44.2%
|
3.98
+135.8%
|
-11.13
|
| Diluted EPS |
4.93
|
2.21
-44.2%
|
3.96
+135.6%
|
-11.12
|
| Weighted average shares, basic |
59
+15.2%
|
56
+12.1%
|
50
+0.2%
|
50
|
| Weighted average shares, diluted |
59
+15.6%
|
56
+12.3%
|
50
+0.6%
|
50
|
| Other measures | ||||
| Depreciation and amortization |
199
+11.5%
|
183
+1.9%
|
180
+6.6%
|
169
|
| EBITDA |
705
-6.4%
|
515
-30.4%
|
740
+92.2%
|
385
|
| Interest coverage |
2.93x
|
1.95x
|
3.39x
|
—
|
| Margins | ||||
| Operating margin |
21.32%
|
22.48%
|
31.98%
|
23.79%
|
| Pretax margin |
16.04%
|
10.95%
|
20.87%
|
12.09%
|
| Profit margin |
12.31%
|
8.40%
|
11.29%
|
—
|
| EBITDA margin |
29.71%
|
34.90%
|
42.25%
|
42.36%
|
| Effective tax rate |
23.79%
|
23.30%
|
21.94%
|
24.05%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- HHH (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- The Woodlands, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1981792
Other Real Estate Investment Trusts companies
- Welltower Inc. WELL
- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Source: SEC EDGAR filings. This is company-reported data, not investment advice.