HHH
Howard Hughes Holdings Inc.
Real Estate • CIK: 0001981792
Loading...
Market Cap
$4.44B
P/E (TTM)
38.4x
Rev Growth (TTM)
-15.8%
Net Margin (TTM)
8.4%
FCF Yield (TTM)
10.4%
FCF Margin (TTM)
31.3%
Cash Flow Health
Free Cash Flow5/8 positive
TTM$462M
Q4 '25
$360M+141%
Q3 '25
$150M-16%
FCF Margin
TTM31.3%
Q4 '2557.7%+50%
Sector: 13.8%Above Avg
OCF Margin31.3%
OCF/NI3.73x
CapEx Coverage–
FCF Yield10.4%
FCF Growth (2Y)–
Cash Conversion Cycle
30 days
DSO: 30+DIO: –−DPO: –
Capital Allocation & Returns
Total Shareholder Yield
TTM0.0%
Div Yield0.0%
Insufficient data
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$462.4M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
–
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
–
Asset Turnover
0.15x
8Q: 0.13x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Fixed Asset Turn
0.38x
8Q:0.30x
+25.5%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $1.5B | $624.4M↑60.0% | $390.2M↑49.6% | $260.9M↑30.9% | $199.3M↓79.7% | $983.6M↑200.7% | $327.1M↑15.4% | $283.5M↑81.1% | $156.5M |
Operating Income | $331.5M | $26.2M↓86.2% | $189.6M↑179.4% | $67.9M↑41.6% | $47.9M↓81.6% | $260.5M↑31.3% | $198.3M↑124.2% | $88.5M↑601.6% | $12.6M |
Net Income | $123.9M | $6.0M↓95.0% | $119.5M↑1084.1% | $-12.1M↓215.3% | $10.5M↓93.3% | $156.3M↑114.8% | $72.8M↑245.0% | $21.1M↑140.2% | $-52.5M |
Operating Cash Flow | $462.4M | $360.3M↑140.6% | $149.8M↓15.5% | $177.3M↑178.8% | $-224.9M↓166.7% | $337.1M↑35.8% | $248.3M↑1516.0% | $-17.5M↑89.8% | $-171.2M |
Free Cash Flow | $462.4M | $360.3M↑140.6% | $149.8M↓15.5% | $177.3M↑178.8% | $-224.9M↓166.7% | $337.1M↑35.8% | $248.3M↑1516.0% | $-17.5M↑89.8% | $-171.2M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
38.4x
Volatile
8Q: 46.8x+70546%
Valuation Lenses
Earnings
38.4x
vs – sector
Cash Flow
6.3x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
–P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$4.44B
EV$2.91B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
53/100
Average
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
3.7%
8Q:–
Return on Invested Capital (ROIC)
–
8Q:–
vs Sector:0.1%
Earnings Quality
Cash Conversion
3.73x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin–
Capital Efficiency
Invested Capital Turnover–
Working Capital
Cash Conversion Cycle30 days
Growth Quality & Momentum
Low Quality
Growth Quality Score
34/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
-15.8%
OpInc Growth YoY
-90.0%
EPS Growth YoY
-47.5%
FCF 3Y CAGR
N/A
Growth Quality Analysis
⚠Sustainability Index: 3.0/10 - Growth sustainability concerns
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
—
Operating
—
Net
8.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+22.9 pts
FCF: 31.3% | Net: 8.4%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $2.10B
Interest Coverage
–
+Net cash position: $2.10B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis