HHH (Howard Hughes Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

HHH (Howard Hughes Holdings Inc.) Stock Financials & Earnings | Market Cap Arena

HHHHoward Hughes Holdings Inc.

Mkt Cap$4B

Real Estate·Real Estate - Diversified·🇺🇸 United States·NYSE

Revenue (TTM)$1.5B

Net Income (TTM)$124M

EPS (TTM)$2.11

Free Cash Flow (TTM)$457M

Gross Margin18.7%

Op. Margin17.2%

Net Margin8.4%

FCF Margin31.0%

P/S Ratio (TTM)2.7x

P/E Ratio (TTM)31.7x

YoY Rev Growth-15.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$196M	$82M	$15M
Q2 23	$223M	$79M	$630K
Q3 23	$228M	$126M	$59M
Q4 23	$313M	$182M	$105M
Q1 24	$156M	$77M	$13M
Q2 24	$283M	$161M	$88M
Q3 24	$327M	$177M	$198M
Q4 24	$984M	$332M	$261M
Q1 25	$199M	$108M	$48M
Q2 25	$261M	$149M	$68M
Q3 25	$390M	$204M	$190M
Q4 25	$624M	-$185M	-$52M

Valuation

Quarter	P/S	P/E
Q1 23	2.5x	24.6x
Q2 23	2.5x	33.0x
Q3 23	3.5x	—
Q4 23	4.1x	—
Q1 24	4.3x	—
Q2 24	4.0x	—
Q3 24	3.6x	51.9x
Q4 24	2.2x	19.9x
Q1 25	2.2x	15.1x
Q2 25	2.2x	17.3x
Q3 25	2.1x	14.3x
Q4 25	2.7x	31.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$144M	-$146M
Q2 23	-$106M	-$108M
Q3 23	-$112M	$31M
Q4 23	$101M	$100M
Q1 24	-$171M	-$172M
Q2 24	-$18M	-$37M
Q3 24	$249M	$239M
Q4 24	$337M	$336M
Q1 25	-$225M	-$225M
Q2 25	$177M	$177M
Q3 25	$150M	$149M
Q4 25	$360M	$356M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$2M
Q3 23	$143M
Q4 23	$2M
Q1 24	$462K
Q2 24	$19M
Q3 24	$10M
Q4 24	$1M
Q1 25	$283K
Q2 25	$197K
Q3 25	$676K
Q4 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-6.6%	-8.2%
Q2 23	-19.3%	+4.2%
Q3 23	-64.3%	-64.9%
Q4 23	-35.1%	-39.9%
Q1 24	-20.3%	-20.7%
Q2 24	+26.9%	-12.4%
Q3 24	+43.2%	-23.8%
Q4 24	+214.3%	+247.9%
Q1 25	+27.4%	+5.2%
Q2 25	-8.0%	-1.0%
Q3 25	+19.3%	+55.8%
Q4 25	-36.5%	-6.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	2.5%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$3M	1.2%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$844K	0.4%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$2M	0.3%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$24M	—
Q2 23	$20M	—
Q3 23	$22M	$1M
Q4 23	$21M	—
Q1 24	$22M	—
Q2 24	$22M	—
Q3 24	$25M	—
Q4 24	$23M	$177K
Q1 25	$22M	—
Q2 25	$35M	—
Q3 25	$28M	—
Q4 25	$37M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$418M	$0	$418M
Q2 23	$389M	$0	$389M
Q3 23	$492M	$0	$492M
Q4 23	$630M	$0	$630M
Q1 24	$463M	$0	$463M
Q2 24	$437M	$0	$437M
Q3 24	$401M	$0	$401M
Q4 24	$596M	$0	$596M
Q1 25	$494M	$0	$494M
Q2 25	$1.4B	$0	$1.4B
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.5B	$0	$1.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	49M	+0.3%
Q2 23	50M	+0.3%
Q3 23	50M	+0.1%
Q4 23	50M	-0.1%
Q1 24	50M	+0.2%
Q2 24	50M	+0.1%
Q3 24	50M	+0.0%
Q4 24	50M	+0.6%
Q1 25	50M	+0.3%
Q2 25	55M	+10.3%
Q3 25	59M	+6.9%
Q4 25	59M	+0.0%