How Howard Hughes Holdings makes money

Period

FY2025

How does Howard Hughes Holdings make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Howard Hughes Holdings Inc. · FY2025 · year ended 2025-12-31

Revenue$1.5BGross profit$1.5B · 100%Cost of revenue$0 · 0%Operating income$332M · 22%Operating expenses$1.1B · 78%SG&A$122M · 8%Other opex$1.0B · 69%Pre-tax income$162M · 11%Other expense$170M · 12%Net income$124M · 8%Income tax$38M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.