Stocks · Real Estate · Real Estate - Development
Howard Hughes Holdings Inc. HHH
$71.04 -1.42% Close, Oct 2, 2026 · NYSE · Market cap $4.24B
Strong growthInexpensive vs sector
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to 18.0% from 32.4% a year earlier.
- Revenue over the last four quarters was $2.37B, up 34.0% from a year earlier, accelerating from -15.7% a quarter earlier.
- Net debt is 3.7× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 16%
- EPS growth (TTM, YoY)Bottom 47%
- FCF growth (TTM, YoY)Top 19%
- Revenue growth, 3-year CAGRBottom 17%
- Revenue growth accelerationTop 2%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 33%
- Gross marginBottom 23%
- Operating marginBottom 40%
- Cash conversion (OCF / net income)Top 30%
- Accruals (lower is better)Bottom 49%
- Net debt / EBITDA (lower is better)Top 19%
- Interest coverTop 26%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 17%
- Free-cash-flow yieldTop 11%
- EBITDA / enterprise valueTop 12%
- Sales / enterprise valueTop 14%
- P/E vs own 5-year history (lower is better)Top 34%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 14%
- 6-month returnTop 16%
- 1-year return vs S&P 500Bottom 34%
- Distance from 52-week highBottom 44%
- Trend checklist (0–4)Top 8%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 19%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 8%
- Upside to consensus price targetTop 46%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 17%
- Maximum drawdown, 3 yearsTop 41%
- Beta vs S&P 500 (lower is better)Bottom 20%
- Net debt / EBITDA (lower is better)Top 19%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -15.7% | 34.0% | ↑ |
| EPS growth (YoY) | -61.0% | 7.6% | ↑ |
| Gross margin | 43.2% | 17.4% | ↓ |
| Operating margin | 32.4% | 18.0% | ↓ |
| FCF margin | 29.7% | 32.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 34.0% | -15.7% | ↑ | Top 16% |
| EPS growth (TTM, YoY) | 7.6% | -61.0% | ↑ | Bottom 47% |
| Gross margin | 17.4% | 43.2% | ↓ | Bottom 23% |
| Operating margin | 18.0% | 32.4% | ↓ | Bottom 40% |
| Net margin | 12.3% | 12.8% | ↓ | — |
| Free-cash-flow margin | 32.6% | 29.7% | ↑ | — |
| Return on invested capital | 2.3% | — | Bottom 33% | |
| Revenue growth, 3-year CAGR | -0.3% | — | Bottom 17% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.73×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +113.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.73×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.01%
- Shareholder yield
- 0.01%
- Share count change, 1 year
- +6.9%
- Share count change, 3-year CAGR
- +6.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +53.9%
- Average 2-day reaction, last 8
- +1.0%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $87.50
- Target vs current price
- +23.2%
- Analysts with a rating
- 5
- Share rating Buy or Strong Buy
- 80%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +170.2% | +0.1% | +2.1% | -3.9% | — |
| May 7, 2026 | +75.0% | -0.9% | +0.1% | +1.8% | +1.6% |
| Feb 19, 2026 | -67.7% | -0.9% | -12.4% | -24.5% | -22.1% |
| Nov 10, 2025 | +38.4% | +11.3% | +7.3% | +5.5% | -0.1% |
| Aug 6, 2025 | -56.4% | -0.1% | +4.6% | +10.6% | +14.0% |
| May 7, 2025 | +61.5% | +0.1% | +4.4% | -1.5% | -1.4% |
| Feb 26, 2025 | -6.3% | -1.8% | +1.7% | +0.3% | -12.0% |
| Nov 4, 2024 | +630.0% | +0.6% | +11.9% | +13.5% | +1.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $2.68 | $0.99 | +170.2% | $1.12B |
| May 7, 2026 | $0.14 | $0.08 | +75.0% | $235.9M |
| Feb 19, 2026 | $0.10 | $0.31 | -67.7% | $624.4M |
| Nov 10, 2025 | $2.02 | $1.46 | +38.4% | $390.2M |
| Aug 6, 2025 | $0.44 | $1.01 | -56.4% | $260.9M |
| May 7, 2025 | $0.21 | $0.13 | +61.5% | $199.3M |
| Feb 26, 2025 | $3.25 | $3.47 | -6.3% | $983.6M |
| Nov 4, 2024 | $1.46 | $0.20 | +630.0% | $327.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.4× | 24.2× | 19th | Top 17% |
| P/E (forward) | 20.5× | — | — | — |
| EV / EBITDA | 9.3× | — | — | Top 12% |
| EV / Sales | 2.97× | — | — | Top 14% |
| Free-cash-flow yield | 18.25% | — | — | Top 11% |
| Earnings yield | 6.95% | — | — | Top 17% |
P/E over the past five years
Range 11.1× – 92.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -16.7%
- Earnings per share growth (TTM)
- +7.6%
- Change in P/E multiple
- -11.7%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 6
- Days above the 200-day average
- 5
- 50-day average slope (20 days)
- -3.2%
- 200-day average slope (20 days)
- -2.8%
- Distance from 50-day average
- +7.9%
- Distance from 200-day average
- +2.1%
- RSI (14)
- 60.0
- Relative volume
- 0.74×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 36.8%
- Volatility vs own 5-year history
- 85th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.88
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -20.9%
- Maximum drawdown, 3 years
- -33.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 7, 2021 | Oct 12, 2022 | -51.6% | 361 days | Not yet recovered |
| Feb 12, 2021 | Mar 4, 2021 | -10.2% | 13 days | 28 days (Apr 14, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.24B
- P/E (TTM)
- 14.4
- EPS, diluted (TTM)
- $4.94
- Revenue (TTM)
- $2.37B
- 52-week range
- $60.09 – $91.07
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.43B | $1.49B | $1.02B | $1.75B | $1.47B |
| Gross profit | $510.7M | $642.1M | $434.0M | $732.0M | $276.1M |
| Operating income | $241.9M | $424.2M | -$528.2M | $559.9M | $253.5M |
| Net income | $56.1M | $184.5M | -$551.8M | $197.7M | $123.9M |
| EPS (diluted) | $1.03 | $3.65 | -$11.13 | $3.96 | $2.10 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $327.1M | $983.6M | $199.3M | $260.9M | $390.2M | $624.4M | $235.9M | $1.12B |
| Net income | $72.8M | $156.3M | $10.5M | -$12.1M | $119.5M | $6.0M | $8.2M | $158.4M |
| EPS (diluted) | $1.46 | $3.14 | $0.21 | -$0.22 | $2.02 | $0.10 | $0.14 | $2.68 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$284.0M | $325.3M | -$248.2M | $400.9M | $462.4M |
| Capital expenditure | -$1.8M | -$2.0M | -$47.6M | -$50.1M | -$3.5M |
| Free cash flow | -$285.8M | $323.3M | -$295.7M | $350.9M | $458.9M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$81.1M | -$403.9M | $0 | $9.8M | -$3.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.68B
- Total assets
- $15.91B
- Total liabilities
- $10.88B
- Total debt
- $5.46B
- Net debt
- $2.82B
- Shareholders’ equity
- $4.96B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 1, 2024 | $3.50 | — |
| Nov 28, 2011 | $0.02 | Dec 19, 2011 |
| Nov 3, 2011 | $0.01 | Nov 17, 2011 |
| Aug 29, 2011 | $0.02 | Sep 19, 2011 |
| May 26, 2011 | $0.02 | Jun 17, 2011 |
| Mar 15, 2011 | $0.01 | Apr 4, 2011 |
| Mar 4, 2011 | $3.52 | Mar 24, 2011 |
| Feb 24, 2011 | $0.02 | Mar 17, 2011 |
Short interest
- Shares sold short
- 3,963,251
- Days to cover
- 7.11
- Change vs previous report
- +11.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 1, 2024
- 1,049-for-1,000