HHH
$69.11+3.61%
Howard Hughes Holdings Inc.Stock · Real EstateUS REITs · 0.1% of VNQRussell 1000 · 0.003% of IWBUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
HHH financial statements
The full income statement, balance sheet, and cash-flow statement for Howard Hughes Holdings Inc. (HHH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 50.2M2024-09 50.1M2024-12 50.4M2025-03 50.4M2025-06 59.4M2025-09 59.4M2025-12 59.6M2026-03 59.6M2026-06 59.7M+18.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.47B-15.8% | 1.75B+92.6% | 909M-39.0% | 1.49B+4.3% | 1.43B+104.1% | |
| Selling, general & administrative | 122M+33.2% | 91.8M+5.9% | 86.7M+6.0% | 81.8M-0.3% | 82.0M-25.1% | |
| General & administrative | 122M+33.2% | 91.8M+5.9% | 86.7M+6.0% | 81.8M-0.3% | 82.0M-25.1% | |
| Selling & marketing | — | — | — | — | 10.3M+26.3% | |
| Provision for credit losses | 3.41M+784.2% | -499K-106.0% | 8.27M+24235.3% | 34.0K+101.7% | -2.03M-109.5% | |
| Operating income | 332M-40.8% | 560M+159.0% | 216M-49.0% | 424M+75.4% | 242M+302.3% | |
| Interest expense | 170M+3.0% | 165M+5.1% | 157M+41.5% | 111M-14.7% | 130M-1.7% | |
| Interest & investment income | 47.0M+85.4% | 25.3M-0.6% | 25.5M+567.9% | 3.82M+3468.2% | 107K-95.5% | |
| Equity-method income | 1.77M+130.4% | -5.83M-122.6% | 25.8M+18.7% | 21.7M+320.5% | -9.85M-103.6% | |
| Pre-tax income | 161M-55.8% | 365M+232.7% | 110M-67.2% | 335M+422.7% | 64.1M+655.6% | |
| Income tax | 37.6M-53.1% | 80.2M+203.5% | 26.4M-67.9% | 82.2M+442.4% | 15.2M+30.0% | |
| 124M-37.3% | 198M+135.8% | -552M-399.0% | 185M+228.9% | 56.1M+1868.0% | ||
| Income from continuing operations | 124M-56.6% | 285M+241.9% | 83.4M-67.0% | 253M | — | |
| Discontinued operations | 0.00+100.0% | -88.2M+86.1% | -635M-832.7% | -68.1M | — | |
| Net income to non-controlling interest | -54.0K+92.4% | -711K-392.6% | 243K+135.9% | 103K+101.4% | -7.18M-131.2% | |
| Net income to common | — | — | -552M-399.0% | 185M+228.9% | 56.1M+314.5% | |
| $2.21-44.2% | $3.96+135.6% | -$11.12-404.7% | $3.65+254.4% | $1.03+306.0% | ||
| EPS (basic) | $2.22-44.2% | $3.98+135.8% | -$11.13-404.9% | $3.65+254.4% | $1.03+306.0% | |
| Weighted-avg shares (basic) | 55.7M+12.1% | 49.7M+0.2% | 49.6M-1.9% | 50.5M-7.5% | 54.6M+3.9% | |
| Weighted-avg shares (diluted) | 56.0M+12.3% | 49.9M+0.6% | 49.6M-1.9% | 50.6M-7.5% | 54.6M+4.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.47B+146.4% | 596M-5.3% | 630M+3.2% | 610M-27.6% | 843M-16.9% | |
| Short-term investments | 0.00 | — | — | — | — | |
| 10.6B+15.5% | 9.21B-3.8% | 9.58B-0.3% | 9.60B+0.2% | 9.58B+4.8% | ||
| Operating lease right-of-use | 5.23M-9.9% | 5.81M+6.3% | 5.46M-88.4% | 46.9M-17.7% | 57.0M+1.4% | |
| Goodwill | 2.34M | 0.00 | — | 0.00-100.0% | 1.31M+0.0% | |
| Intangible assets | 34.7M | — | — | — | 44.2M | |
| Accounts payable | 3.30M | — | — | — | — | |
| 6.80B+6.7% | 6.37B-2.3% | 6.52B+8.7% | 6.00B+2.5% | 5.85B+8.4% | ||
| Long-term debt | 5.11B-0.3% | 5.13B-3.3% | 5.30B+11.7% | 4.75B+3.4% | 4.59B+7.1% | |
| Operating lease liability (total) | 4.87M-10.8% | 5.46M+1.8% | 5.36M-89.6% | 51.3M-26.0% | 69.4M+0.6% | |
| Deferred tax liabilities | 164M+15.7% | 142M+68.6% | 84.3M-66.9% | 254M+24.2% | 205M+9.2% | |
| Other non-current liabilities | 27.9M | — | — | — | — | |
| 3.78B+36.0% | 2.78B-7.2% | 2.99B-15.5% | 3.54B-4.6% | 3.71B-0.1% | ||
| Common stock | 659K+16.4% | 566K+0.2% | 565K+0.2% | 564K+0.2% | 563K+0.2% | |
| Additional paid-in capital | 4.46B+24.7% | 3.58B-10.3% | 3.99B+0.4% | 3.97B+0.3% | 3.96B+0.3% | |
| Retained earnings | -62.1M+66.6% | -186M+51.5% | -384M-328.3% | 168M+1121.4% | -16.5M+77.3% | |
| Treasury stock | 620M+0.6% | 617M+0.5% | 614M+0.4% | 611M+177.7% | 220M+80.3% | |
| Accumulated other comprehensive income | -1.83M-192.8% | 1.97M+54.7% | 1.27M-87.7% | 10.3M+171.5% | -14.5M+62.5% | |
| Non-controlling interest | 66.8M+1.9% | 65.5M-0.8% | 66.1M+0.7% | 65.6M+9620.4% | 675K+60.7% | |
| Total equity incl. non-controlling | 3.84B+35.2% | 2.84B-7.1% | 3.06B-15.2% | 3.61B-2.8% | 3.71B-0.1% | |
| Total liabilities & equity | 10.6B+15.5% | 9.21B-3.8% | 9.58B-0.3% | 9.60B+0.2% | 9.58B+4.8% | |
| Common shares issued | 65.9M+16.4% | 56.6M+0.2% | 56.5M+0.5% | 56.2M+0.1% | 56.2M+0.2% | |
| Common shares outstanding | 59.4M+18.5% | 50.1M+0.2% | 50.0M+0.5% | 49.8M-7.9% | 54.1M-1.6% | |
| Shares outstanding (cover) | 59.6M+18.3% | 50.4M+0.3% | 50.3M+0.9% | 49.8M-7.9% | 54.1M-1.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 462M+16.6% | 397M+253.4% | -258M-179.5% | 325M+214.5% | -284M-289.7% | ||
| Depreciation & amortization | 183M+1.9% | 180M+6.6% | 169M+9.1% | 155M-24.6% | 205M-5.7% | |
| Share-based compensation | 19.8M+23.7% | 16.0M-2.4% | 16.4M+37.8% | 11.9M+20.3% | 9.88M+65.2% | |
| Deferred income taxes | 23.6M-61.7% | 61.5M+721.7% | -9.90M-117.7% | 55.8M+439.1% | 10.4M-4.4% | |
| Change in receivables | 18.2M+121.7% | -83.8M+28.6% | -117M-41.8% | -82.8M | — | |
| -219M+27.2% | -301M+10.5% | -336M-52.3% | -221M-317.5% | 101M+123.7% | ||
| Capital expenditure | 44.8M-6.7% | 47.9M+19.2% | 40.2M-6.9% | 43.2M+20.3% | 35.9M-9.9% | |
| Free cash flow | 418M+19.8% | 349M+216.7% | -299M-205.9% | 282M+188.2% | -320M-183.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 1.46M | 0.00 | 0.00 | — | — | |
| 855M+668.9% | -150M-127.4% | 549M+346.9% | -222M-242.3% | 156M-86.1% | ||
| Long-term debt issued | 760M-0.2% | 761M+12.4% | 677M-45.2% | 1.24B-49.0% | 2.42B+72.6% | |
| Long-term debt repaid | 782M-3.1% | 808M+447.0% | 148M-86.1% | 1.06B-50.3% | 2.14B+146.6% | |
| Common stock issued | 863M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 404M+397.8% | 81.1M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 1.10B+2113.9% | -54.6M-18.9% | -45.9M+61.0% | -118M-346.5% | -26.4M-104.2% | |
| Interest paid | 283M-5.2% | 298M+24.3% | 240M+16.6% | 206M+12.6% | 183M+1.8% | |
| Income taxes paid | — | 3.94M-62.8% | 10.6M-57.5% | 25.0M+1296.0% | 1.79M+174.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.76B+22.7% | 3.88B-5.1% | 4.08B+12.3% | 3.64B-30.7% | 5.25B+26.5% | |
| P/E | 38.4×+95.8% | 19.6× | — | 14.8×-84.1% | 93.5× | |
| P/S | 3.2×+45.6% | 2.2×-48.0% | 4.3×+126.4% | 1.9×-48.8% | 3.7×-38.0% | |
| P/B | 1.3×-9.8% | 1.4×+1.3% | 1.4×+32.1% | 1.0×-26.3% | 1.4×+26.7% | |
| P/FCF | 11.4×+2.4% | 11.1× | — | — | — | |
| Earnings yield | 2.6%-48.9% | 5.1% | — | 6.7%+530.5% | 1.1% | |
| FCF yield | 8.8%-2.4% | 9.0% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by The Howard Hughes Corporation until Aug 11, 2023 and by Howard Hughes Holdings Inc. since.
About this data
Source: HHH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HHH filings on SEC EDGAR → Not investment advice.