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Howard Hughes HHH Builder price participation — Revenues from contracts with customers

Other product segments

Master Planned Communities land sales
$99.57M+39.0%
Other revenues
$10.98M
Condominium rights and unit sales
$3.13M+816%

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GRBKHomebuilders — Total revenues
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MTHHomebuilding — Revenue
$1.12B-17.7%

Other financials

Income statement

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Revenue$235.9M+18.4%
Operating income$50.7M+5.7%
Net income$8.2M-21.9%
EPS (diluted)$0.14-33.3%

Balance sheet

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Cash & equivalents$2.5B+197%
Total debt$4.8M-11.9%
Total equity$3.8B+35.7%
Total assets$11.2B+21.1%

Cash flow

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Operating cash flow-$229.4M-2.0%
CapEx$14.8M+9.8%
Free cash flow-$244.2M-2.4%

Valuation

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Market cap$3.99B+1.0%
Enterprise value$1.5B-55.6%
P/E32.8×+17.7×
P/S2.6×+0.4×

Profitability

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Operating margin22.1%-11.1pp
Net margin8%-6.5pp
FCF margin27.2%+11.1pp

Returns & leverage

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Return on equity3.7%-5.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Howard Hughes in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Howard Hughes’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Howard Hughes's builder price participation — revenues from contracts with customers?
Howard Hughes (HHH) reported builder price participation — revenues from contracts with customers of $8.68M in Q1 2026.
How has Howard Hughes's builder price participation — revenues from contracts with customers changed year-over-year?
Howard Hughes's builder price participation — revenues from contracts with customers decreased by 6.5% year-over-year, from $9.29M to $8.68M.
What is the long-term trend for Howard Hughes's builder price participation — revenues from contracts with customers?
Over 3 years (2021 to 2025), Howard Hughes's builder price participation — revenues from contracts with customers has grown at a 5.1% compound annual growth rate (CAGR), from $45.14M to $52.34M.
What does builder price participation — revenues from contracts with customers mean?
This metric represents revenue generated from contractual arrangements where the company receives a share of the proceeds from homebuilders selling properties within the company's master-planned communities. It reflects the company's ability to capture upside from residential development activity beyond initial land sales. This revenue stream is a key indicator of the underlying demand for housing and the effectiveness of the company's land monetization strategy.