Howard Hughes Holdings Inc. income statement
In fiscal 2025, Howard Hughes Holdings Inc. reported revenue of $1.47bn, down 15.8% on the year before, operating income of $332m (a 22.5% margin) and net income of $124m, or $2.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1,428 | 1,489 | 909 | 1,751 | 1,475 | 2,373 |
| General and administrative | 82 | 82 | 87 | 92 | 122 | 127 |
| Operating income | 242 | 424 | 216 | 560 | 332 | 506 |
| Interest expense | 130 | 111 | 157 | 165 | 170 | 173 |
| Provision for credit losses | −2 | 0 | 8 | −0 | 3 | 4 |
| Income before tax | 64 | 335 | 110 | 365 | 161 | 381 |
| Income tax | 15 | 82 | 26 | 80 | 38 | 91 |
| Net income | 56 | 185 | −552 | 198 | 124 | 292 |
| Diluted EPS | $1.03 | $3.65 | −$11.12 | $3.96 | $2.21 | $4.93 |
| Diluted shares (average) | 55m | 51m | 50m | 50m | 56m | 59m |
| EBITDA | 447 | 579 | 385 | 740 | 515 | 705 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 327 | 216 | 199 | 261 | 390 | 624 | 236 | 1,122 |
| General and administrative | 25 | 23 | 22 | 35 | 28 | 37 | 26 | 36 |
| Operating income | 97 | −39 | 48 | 68 | 190 | 26 | 51 | 240 |
| Interest expense | 44 | 42 | 41 | 44 | 44 | 41 | 42 | 46 |
| Provision for credit losses | −0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Income before tax | 107 | 225 | 14 | −16 | 158 | 5 | 11 | 207 |
| Income tax | 10 | 63 | 3 | −4 | 39 | −1 | 3 | 50 |
| Net income | 73 | 156 | 11 | −12 | 120 | 6 | 8 | 158 |
| Diluted EPS | $1.46 | $3.12 | $0.21 | −$0.22 | $2.02 | $0.06 | $0.14 | $2.68 |
| EBITDA | 141 | 6 | 93 | 112 | 236 | 74 | 99 | 296 |
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