Howard Hughes HHH Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 22.1%-11.1pp | 22.5%-9.5pp | 30.9%-6.6pp | 32.4%+5.4pp | 33.2%+11.6pp | |
| Net margin | 8%-6.5pp | 8.4%-2.9pp | 15%+7.9pp | 12.8%+68.0pp | 14.5%+80.3pp | |
| Returns | ||||||
| Return on equity | 3.7%-5.4pp | 3.8%-3.1pp | 8.6%+5.9pp | 6.9%+23.4pp | 9.1%+26.9pp | |
| Return on invested capital | 15.6%-6.9pp | 11.2%-9.9pp | 23.8%+5.9pp | 22.3%— | 22.6%— | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.2×+0.1× | 0.2×— | 0.2×— | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -4.8×-3.7× | -2.8×-2.0× | -2.6×-1.1× | -2.4×-0.6× | -1.1×+1.0× | |
| Valuation | ||||||
| Market capitalization | $3.77B+1.0% | $4.74B+22.8% | $4.88B+26.9% | $3.96B+23.2% | $3.73B+3.6% | |
| Price / earnings | 31×+16.7× | 38.2×+18.7× | 17.8×-33.0× | 17.4×— | 14.3×— | |
| Price / sales | 2.5×+0.4× | 3.2×+1.0× | 2.7×-0.9× | 2.2×-1.0× | 2.1×-2.0× | |
| Price / book | 1×-0.3× | 1.3×-0.1× | 1.3×-0.2× | 1.1×0.0× | 1.3×+0.1× | |
| EV / EBITDA | 2.5×-1.3× | 6.4×+1.9× | 3.9×-1.1× | 2.9×-2.5× | 3.7×-3.7× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Howard Hughes's ratios come from?
- Every ratio is computed from Howard Hughes's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
