--- title: "Howard Hughes Holdings Metrics Guide" description: "Howard Hughes Holdings Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/howard-hughes-holdings-inc/financial-metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Howard Hughes Holdings Inc. Financial Metrics Guide ## Direct Answer > Howard Hughes Holdings Inc. reported revenue of $1.5 billion for the fiscal year ended December 31, 2025, with an operating margin of 22.5% and net income of $124 million, according to its SEC filings. Revenue fell 15.8% from the prior year. ## What Are Howard Hughes Holdings Inc.'s Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $1.5 billion | $1.8 billion | $909 million | $1.5 billion | | Operating income | $332 million | $560 million | $216 million | $424 million | | Operating margin | 22.5% | 32.0% | 23.8% | 28.5% | | Net income | $124 million | $197 million | -$552 million | $185 million | | Net margin | 8.4% | 11.3% | -60.7% | 12.4% | | Operating cash flow | $462 million | $397 million | -$258 million | $325 million | | Capital expenditures | $45 million | $48 million | $40 million | $43 million | | Free cash flow | $418 million | $349 million | -$299 million | $282 million | Operating margin narrowed by 9.5 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $418 million against net income of $124 million; cash generation covered reported earnings. ![Bar chart of Howard Hughes Holdings Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $1.5 billion, operating income $332 million and net income $124 million.](https://www.getswoopr.com/images/charts/howard-hughes-holdings-inc-metrics-revenue-profit.webp) *Howard Hughes Holdings Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Howard Hughes Holdings Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 22.5% and net margin was 8.4%.](https://www.getswoopr.com/images/charts/howard-hughes-holdings-inc-metrics-margins.webp) *Howard Hughes Holdings Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Howard Hughes Holdings Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $462 million, capital expenditures was $45 million, free cash flow was $418 million.](https://www.getswoopr.com/images/charts/howard-hughes-holdings-inc-metrics-cash-flow.webp) *Howard Hughes Holdings Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Howard Hughes Holdings Inc.'s Balance Sheet Show? | Cash and cash equivalents | $1.5 billion | | --- | --- | | Long-term debt | $5.1 billion | | Total assets | $10.6 billion | | Total liabilities | $6.8 billion | | Shareholders' equity | $3.8 billion | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Howard Hughes Holdings Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-009710 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Howard Hughes Holdings Inc.'s revenue in fiscal 2025? Howard Hughes Holdings Inc. reported revenue of $1.5 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Howard Hughes Holdings Inc.'s operating margin? Howard Hughes Holdings Inc.'s operating margin was 22.5% in fiscal 2025: operating income of $332 million on revenue of $1.5 billion. ### How much free cash flow did Howard Hughes Holdings Inc. generate? Operating cash flow of $462 million less capital expenditures of $45 million gives free cash flow of $418 million for fiscal 2025. ## References - [SEC EDGAR: Howard Hughes Holdings Inc. Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/1981792/000162828026009710/hhh-20251231.htm) - [SEC EDGAR: Howard Hughes Holdings Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1981792&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Howard Hughes Holdings Inc. company dossier](https://www.getswoopr.com/stocks/companies/howard-hughes-holdings-inc/) - [Howard Hughes Holdings Inc. financial metrics](https://www.getswoopr.com/stocks/companies/howard-hughes-holdings-inc/financial-metrics/) - [Howard Hughes Holdings Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/howard-hughes-holdings-inc/risks-monitoring/) - [Howard Hughes Holdings Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/howard-hughes-holdings-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) [Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) Swoopr's editorial team produces independent investment education content. 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