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Howard Hughes HHH Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Operating margin22.5%-9.5pp32%+8.2pp23.8%
Net margin8.4%-2.9pp11.3%+72.0pp-60.7%
EBITDA margin34.9%-7.4pp42.3%-2.9pp45.2%
Free cash flow margin28.3%+8.4pp19.9%
Returns
Return on equity3.8%-3.1pp6.9%+23.7pp-16.9%
Return on assets1.2%-0.9pp2.1%+7.9pp-5.8%
Return on invested capital11.2%-9.9pp21.2%+13.3pp7.9%
Efficiency
Asset turnover0.1×0.0×0.2×+0.1×0.1×
Leverage
Debt-to-equity0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×
Net debt / EBITDA-2.8×-2.0×-0.8×+1.8×-2.6×
Interest coverage-1.4×3.4×+2.0×1.4×
Valuation
Market capitalization$4.74B+22.8%$3.86B-9.1%$4.24B+12.7%$3.77B-32.0%
Enterprise value$3.27B+0.2%$3.27B+2.2%$3.2B+17.5%$2.72B
Price / earnings38.2×+18.7×19.5×
Price / sales3.2×+1.0×2.2×-2.5×4.7×
Price / book1.3×-0.1×1.4×0.0×1.4×+0.4×1.1×-0.4×
EV / EBITDA6.4×+1.9×4.4×-3.4×7.8×
EV / sales2.2×+0.4×1.9×-1.7×3.5×
Free cash flow yield8.8%-0.2pp9%
Earnings yield2.6%-2.5pp5.1%+18.1pp-13%

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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.