Howard Hughes Holdings (HHH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Howard Hughes Holdings

NYSE•Real Estate•Real Estate - Development

$62.09-0.46(-0.01%)Pre-market

Market Cap

$3.55B

P/E

12.2x

P/S

1.5x

P/B

0.9x

Howard Hughes Holdings Inc., together with its subsidiaries, develops master planned communities (MPCs) in the United States. It operates through three segments: Operating Assets, MPC, and Strategic Developments. The Operating Assets segment acquires or develops retail, office, and multifamily properties, as well as invests in other real estate properties. The MPC segment plans, develops, and sells land in large scale and long term community development projects to homebuilders and developers. The Strategic Developments segment develops residential condominium and commercial property projects, as well as various other properties. The company was founded in 2010 and is headquartered in The Woodlands, Texas.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability15/25

Growth20/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.2x5y range 12.2x – 113.3x

Currently below its 8-quarter median.

P/S · 1.5x5y range 1.5x – 3.2x

Currently below its 9-quarter median.

P/B · 0.9x5y range 0.9x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 33.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.55B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.37B
Q. Revenue: $1.12B
TTM EBITDA: $705.01M
TTM Op. Income: $505.99M
Q. Op. Income: $239.59M
TTM Net Income: $292.10M
Q. Net Income: $158.37M
EPS: $2.68
Shares Out.: $59.00M

$2.37B in TTM revenue grew 37.8% YoY, reaching $1.12B last quarter. TTM EBITDA of $705.01M and TTM operating income of $505.99M show growth is flowing through to the bottom line. TTM net income of $292.10M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 26.4%
Op. Margin: 21.3%
Net Margin: 14.1%

Op. margin of 21.3% is down 4.7% YoY — costs are rising relative to revenue. Net margin at 14.1% Over the past year, operating margin is down 18% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.2x
P/S Ratio: 1.5x
P/B Ratio: 0.9x

At 12.2x P/E, the stock trades below typical market levels. P/S of 1.5x and P/B of 0.9x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.91B
Cash: $2.65B
Long-Term Debt: N/A
Book Value: $3.96B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $506.54M
TTM Free Cash Flow: $740.40M
FCF Margin: 31.2%
FCF / Net Income: 2.5

TTM FCF of $740.40M on $506.54M in operating cash flow. The FCF / Net Income ratio of 2.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 38% — an improving trend.