HHH Howard Hughes Holdings Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026
$71.04
· of 52w range
· above low
· to high
$60.0952w low
$91.0752w high
Market Cap (MRQ)
$4.24B
P/E (TTM)
14.1
EPS (TTM)
$5.04
Revenue (TTM)
$2.37B
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52W Range
$60–$91
Analyst Rating
BUY
Price Target
$90
P/E
14.1
ROE
7.7%
Net Profit Margin
12.3%
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HHH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$71.04
Market Cap (MRQ)
$4.24B
P/E (TTM)
14.1
EPS (TTM)
$5.04
Revenue (TTM)
$2.37B
ROE (TTM)
7.7%
52W Range
$60–$91
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Aug. 1, 2024 | 1049-for-1000 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.47B2021-12-31 → 2025-12-31
EPS$2.212021-12-31 → 2025-12-31
Net margin12.3%2023-12-31 → 2023-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | HHH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 14.15Y avg ≈16.1 | ≈16.1 | 11.8 | Overvalued | |
| P/S (TTM) | 1.8 | · | 1.2 | Overvalued | |
| P/B (MRQ) | 1.1 | · | 0.7 | Overvalued | |
| Price / Tangible Book (MRQ) | 1.35Y avg ≈1.3 | ≈1.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | HHH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 21.3% | · | -36.5% | Top tier | |
| Pretax Margin (TTM) | 16.0% | · | 4.7% | Top tier | |
| Net Profit Margin (TTM) | 12.3% | · | 6.7% | Top tier | |
| ROA (TTM) | 2.2% | · | -4.8% | Top tier | |
| ROE (TTM) | 7.7% | · | -9.3% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | HHH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -15.8%5Y avg ≈10.6% | ≈10.6% | · | · | |
| Revenue CAGR 3Y | -0.33% | · | · | · | |
| EPS YoY | -44.2% | · | · | · | |
| Net Income YoY | -37.3% | · | · | · | |
| EPS CAGR 3Y | -15.4% | · | · | · | |
| Net Income CAGR 3Y | -12.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | HHH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue / Employee | ≈$2.9M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
129.1%
Next Report
Nov 09, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 4, 2026 | $2.68 | $0.49 | 441.5% |
| March 31, 2026 | $0.14 | $0.08 | 73.3% | |
| Dec. 31, 2025 | $0.10 | $0.04 | 147.5% | |
| Sept. 30, 2025 | $2.02 | $1.15 | 75.4% | |
| June 30, 2025 | $0.65 | $0.84 | -22.8% | |
| March 31, 2025 | $0.21 | $0.13 | 59.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.75B | $909M | $1.49B | $1.43B | |
| SG&A Expense | $122M | $92M | $87M | $82M | $82M | |
| Operating Expenses | $1.16B | $1.31B | $723M | $1.10B | $1.21B | |
| Operating Income | $332M | $560M | $216M | $424M | $242M | |
| Interest Expense | · | · | $157M | $111M | $130M | |
| Interest Income | $47M | $25M | $26M | $4M | $107.0K | |
| Pretax Income | $161M | $365M | $110M | $335M | $64M | |
| Income Tax | $38M | $80M | $26M | $82M | $15M | |
| Net Income | $124M | $198M | $-552M | $185M | $49M | |
| EPS (Basic) | $2.22 | $3.98 | $-11.13 | $3.65 | $1.03 | |
| EPS (Diluted) | $2.21 | $3.96 | $-11.12 | $3.65 | $1.03 | |
| Shares (Basic) | 55,722,000 | 49,686,000 | 49,568,000 | 50,513,000 | 54,596,000 | |
| Shares (Diluted) | 56,046,000 | 49,912,000 | 49,616,000 | 50,558,000 | 54,649,000 | |
| EBITDA | · | · | $-528M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.47B | $596M | $630M | $610M | $843M | |
| Short-term Investments | $0 | · | · | · | · | |
| PP&E (Gross) | $4.03B | $3.84B | $3.65B | $4.25B | · | |
| Goodwill | $2M | $0 | · | · | · | |
| Intangibles | $35M | · | · | · | · | |
| Total Assets | $10.64B | $9.21B | $9.58B | $9.60B | · | |
| Accounts Payable | $3M | · | · | · | · | |
| Deferred Tax | $164M | $142M | $84M | $254M | · | |
| Other Non-current Liabilities | $28M | · | · | · | · | |
| Total Liabilities | $6.80B | $6.37B | $6.52B | $6.00B | · | |
| Long-term Debt | $5.11B | $5.13B | $5.30B | · | · | |
| Common Stock | $659.0K | $566.0K | $565.0K | $564.0K | · | |
| Retained Earnings | $-62M | $-186M | $-384M | $168M | · | |
| Treasury Stock | $620M | $617M | $614M | $611M | · | |
| AOCI | $-2M | $2M | $1M | $10M | · | |
| Stockholders' Equity | $3.78B | $2.78B | $2.99B | $3.54B | · | |
| Liabilities + Equity | $10.64B | $9.21B | $9.58B | $9.60B | · | |
| Shares Outstanding | 59,370,353 | 56,610,009 | 56,495,791 | 56,226,273 | 56,173,276 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $183M | $180M | $169M | $155M | $205M | |
| Stock-based Comp | $20M | $16M | $16M | $12M | $10M | |
| Deferred Tax | $24M | $62M | $-10M | $56M | $10M | |
| Operating Cash Flow | $462M | $397M | $-258M | $325M | $-284M | |
| Investing Cash Flow | $-219M | $-301M | $-336M | $-221M | $101M | |
| Debt Issued | $760M | $761M | $677M | $1.24B | $2.42B | |
| Net Debt Issued | · | · | $543M | · | · | |
| Stock Issued | $863M | $0 | $0 | · | · | |
| Stock Repurchased | · | $0 | $0 | $404M | $81M | |
| Net Stock Activity | · | · | $0 | · | · | |
| Financing Cash Flow | $855M | $-150M | $549M | $-222M | $156M | |
| Net Change in Cash | $1.10B | $-55M | $-46M | $-118M | $-26M | |
| Taxes Paid | · | $4M | $11M | $25M | $2M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | · | · | -51.6% | · | · | |
| Net Margin | · | · | -53.8% | · | · | |
| Pretax Margin | · | · | -69.8% | · | · | |
| EBITDA Margin | · | · | -51.6% | · | · | |
| ROA | · | · | -5.8% | · | · | |
| ROE | · | · | -16.9% | · | · | |
| ROIC | · | · | -13.6% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Interest Coverage | · | · | -3.4 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.1 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Book Value / Share | · | · | $59.81 | · | · | |
| Revenue / Share | · | · | $20.66 | · | · | |
| Cash Flow / Share | · | · | $-5.21 | · | · | |
| Cash / Share | · | · | $12.62 | · | · | |
| EPS (TTM) | $2.21 | $3.96 | $-11.12 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | -15.8% | 92.7% | -39.0% | 4.3% | · | |
| Revenue CAGR 3Y | -0.33% | 7.0% | · | · | · | |
| EPS YoY | -44.2% | · | · | 254.4% | · | |
| EPS CAGR 3Y | -15.4% | 56.7% | · | · | · | |
| Net Income YoY | -37.3% | · | · | 277.2% | · | |
| Net Income CAGR 3Y | -12.4% | 59.3% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $1.47B | $1.75B | $909M | · | · | |
| Net Income TTM | $124M | $198M | $-552M | · | · | |
| Market Cap | · | · | $4.08B | · | · | |
| P/E | 36.1 | 19.4 | -7.3 | · | · | |
| P/S | · | · | 4.5 | · | · | |
| P/B | · | · | 1.4 | · | · | |
| P / Tangible Book | 1.3 | 1.4 | 1.4 | · | · | |
| P / Cash Flow | · | · | -15.8 | · | · | |
| Earnings Yield | 2.8% | 5.1% | -13.6% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $236M | $624M | $390M | $261M | $199M | $984M | $327M | $283M | $156M | $261M | $228M | $186M | $182M | $363M | $640M | |
| SG&A Expense | $36M | $26M | $37M | $28M | $35M | $22M | $23M | $25M | $22M | $22M | $21M | $22M | $20M | $24M | $21M | $19M | |
| Operating Expenses | $896M | $185M | $580M | $218M | $196M | $164M | $738M | $222M | $195M | $150M | $125M | $185M | $221M | $191M | $196M | $484M | |
| Operating Income | $240M | $51M | $26M | $190M | $68M | $48M | $261M | $198M | $88M | $13M | $141M | $59M | $14M | $38M | $191M | $157M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $42M | · | $39M | · | $38M | · | $24M | |
| Interest Income | $14M | $15M | $15M | $15M | $10M | $6M | $6M | $5M | $6M | $8M | $9M | $8M | $5M | $4M | $3M | $995.0K | |
| Pretax Income | $207M | $11M | $5M | $158M | $-16M | $14M | $225M | $107M | $61M | $-28M | $125M | $43M | $-35M | $-24M | $162M | $142M | |
| Income Tax | $50M | $3M | $-897.0K | $39M | $-4M | $3M | $63M | $10M | $14M | $-7M | $32M | $11M | $-15M | $-1M | $40M | $34M | |
| Net Income | $158M | $8M | $6M | $120M | $-12M | $11M | $156M | $73M | $21M | $-52M | $34M | $-544M | $-19M | $-23M | $53M | $108M | |
| EPS (Basic) | $2.68 | $0.14 | $0.20 | $2.03 | $-0.22 | $0.21 | $3.15 | $1.46 | $0.42 | $-1.06 | $0.69 | $-10.97 | $-0.39 | $-0.46 | $1.06 | $2.19 | |
| EPS (Diluted) | $2.68 | $0.14 | $0.20 | $2.02 | $-0.22 | $0.21 | $3.12 | $1.46 | $0.42 | $-1.06 | $0.69 | $-10.96 | $-0.39 | $-0.46 | $1.06 | $2.19 | |
| Shares (Basic) | 58,996,000 | 58,973,000 | · | 58,829,000 | 55,329,000 | 49,765,000 | · | 49,697,000 | 49,687,000 | 49,663,000 | · | 49,616,000 | 49,581,000 | 49,455,000 | · | 49,445,000 | |
| Shares (Diluted) | 59,154,000 | 59,154,000 | · | 59,123,000 | 55,329,000 | 50,028,000 | · | 49,762,000 | 49,725,000 | 49,663,000 | · | 49,669,000 | 49,581,000 | 49,455,000 | · | 49,471,000 | |
| EBITDA | $240M | $51M | · | $190M | $68M | $48M | · | $198M | $65M | $-17M | · | $-627M | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.65B | $1.84B | $1.47B | $1.46B | $1.44B | $494M | $596M | $401M | $437M | $463M | $630M | $492M | · | · | $610M | · | |
| Short-term Investments | $28M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | $4.03B | $4.10B | $4.03B | $3.90B | $3.87B | $3.86B | $3.84B | $3.79B | $4.31B | $4.21B | · | $4.09B | · | · | · | · | |
| Goodwill | $282M | · | $2M | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Intangibles | $586M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $15.91B | $11.25B | $10.64B | $10.70B | $10.30B | $9.29B | $9.21B | $9.44B | $9.90B | $9.64B | · | $9.37B | · | · | · | · | |
| Accounts Payable | · | · | $3M | $3M | $500.0K | · | · | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $223M | $166M | $164M | $171M | $140M | $144M | $142M | $77M | $76M | $71M | · | $87M | · | · | · | · | |
| Other Non-current Liabilities | $31M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $10.88B | $7.40B | $6.80B | $6.86B | $6.59B | $6.43B | $6.37B | $6.76B | $6.87B | $6.62B | · | $6.34B | · | · | · | · | |
| Long-term Debt | · | · | $5.11B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $663.0K | $662.0K | $659.0K | $659.0K | $659.0K | $569.0K | $566.0K | $566.0K | $567.0K | $567.0K | · | $566.0K | · | · | · | · | |
| Retained Earnings | $104M | $-54M | $-62M | $-68M | $-188M | $-175M | $-186M | $-342M | $-415M | $-436M | · | $-418M | · | · | · | · | |
| Treasury Stock | $625M | $625M | $620M | $619M | $619M | $618M | $617M | $615M | $615M | $615M | · | $613M | · | · | · | · | |
| AOCI | $2M | $-2M | $-2M | $-1M | $-724.0K | $149.0K | $2M | $-1M | $4M | $4M | · | $8M | · | · | · | · | |
| Stockholders' Equity | $3.96B | $3.78B | $3.78B | $3.77B | $3.64B | $2.79B | $2.78B | $2.61B | $2.97B | $2.95B | · | $2.96B | · | · | · | · | |
| Liabilities + Equity | $15.91B | $11.25B | $10.64B | $10.70B | $10.30B | $9.29B | $9.21B | $9.44B | $9.90B | $9.64B | · | $9.37B | · | · | · | · | |
| Shares Outstanding | 59,657,062 | 59,630,969 | 59,370,353 | 59,387,488 | 59,363,221 | 50,397,250 | 50,116,150 | 50,132,370 | 50,236,422 | 50,243,739 | 56,495,791 | 50,114,936 | · | · | 56,226,273 | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $57M | $49M | $47M | $46M | $44M | $45M | $45M | $44M | $47M | $44M | $21M | $43M | $53M | $52M | $7M | $50M | |
| Stock-based Comp | $4M | $4M | $4M | $4M | $7M | $4M | $4M | $5M | $3M | $5M | $4M | $4M | $3M | $5M | $3M | · | |
| Deferred Tax | $37M | $2M | $-6M | $31M | $-4M | $2M | $33M | $41M | $24M | $-7M | $-16M | $24M | $-16M | $-2M | $40M | · | |
| Operating Cash Flow | $507M | $-229M | $360M | $150M | $177M | $-225M | $337M | $248M | $-18M | $-171M | $101M | $-109M | $-106M | $-144M | $110M | · | |
| Investing Cash Flow | $-314M | $-43M | $-57M | $-39M | $-59M | $-64M | $-54M | $-78M | $-95M | $-74M | $-82M | $-54M | $-106M | $-94M | $-65M | · | |
| Debt Issued | $109M | $1.45B | $159M | $218M | $250M | $133M | $285M | $137M | $250M | $89M | $233M | $243M | $169M | $32M | $660M | · | |
| Net Debt Issued | · | $695M | · | · | · | $121M | · | · | · | $85M | · | · | · | · | · | · | |
| Stock Issued | · | · | $0 | $-122.0K | · | · | $0 | $0 | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | |
| Financing Cash Flow | $684M | $665M | $-180M | $65M | $843M | $128M | $-205M | $-155M | $126M | $84M | $98M | $256M | $166M | $29M | $128M | · | |
| Net Change in Cash | $876M | $392M | $123M | $175M | $961M | $-160M | $78M | $15M | $14M | $-161M | $117M | $93M | $-46M | $-210M | $173M | · | |
| Taxes Paid | $9M | $200.0K | · | $2M | $8M | $-57.0K | · | $100.0K | $4M | $0 | · | $0 | · | · | $734.0K | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.3% | 21.5% | · | 48.6% | 26.0% | 24.1% | · | 60.6% | 20.4% | -9.8% | · | -233.4% | · | · | · | · | |
| Net Margin | 14.1% | 3.5% | · | 30.6% | -4.7% | 5.3% | · | 22.2% | 6.6% | -30.7% | · | -202.5% | · | · | · | · | |
| Pretax Margin | 18.4% | 4.5% | · | 40.6% | -6.1% | 7.2% | · | 32.6% | 8.6% | -40.7% | · | -256.4% | · | · | · | · | |
| EBITDA Margin | 21.3% | 21.5% | · | 48.6% | 26.0% | 24.1% | · | 60.6% | 20.4% | -9.8% | · | -233.4% | · | · | · | · | |
| ROA | 1.2% | 0.08% | · | 1.2% | -0.12% | 0.11% | · | 0.77% | 0.43% | -1.1% | · | -11.6% | · | · | · | · | |
| ROE | 4.2% | 0.25% | · | 3.8% | -0.37% | 0.37% | · | 2.6% | 1.4% | -3.6% | · | -36.7% | · | · | · | · | |
| ROIC | 4.6% | 1.0% | · | 3.8% | 1.4% | 1.3% | · | 6.9% | 1.7% | -0.43% | · | -16.7% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.4 | · | -16.3 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.1 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $66.39 | $63.44 | · | $63.44 | $61.40 | $55.32 | · | $52.15 | $59.13 | $58.65 | · | $59.14 | · | · | · | · | |
| Revenue / Share | $18.97 | $3.99 | · | $6.60 | $4.72 | $3.98 | · | $6.57 | $6.38 | $3.45 | · | $5.41 | · | · | · | · | |
| Cash Flow / Share | · | $-3.88 | · | · | · | $-4.50 | · | · | · | $-3.45 | · | · | · | · | · | · | |
| Cash / Share | $44.39 | $30.79 | · | $24.53 | $24.27 | $9.80 | · | $7.99 | $8.69 | $9.21 | · | $9.81 | · | · | · | · | |
| EPS (TTM) | $5.04 | $2.14 | · | $5.13 | $4.57 | $5.21 | · | $1.51 | $-10.91 | $-11.72 | · | $-10.75 | $2.40 | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.37B | $1.51B | · | $1.83B | $1.77B | $1.79B | · | $1.03B | $929M | $831M | · | $959M | $1.37B | · | · | · | |
| Net Income TTM | $292M | $122M | · | $274M | $227M | $261M | · | $76M | $-541M | $-582M | · | $-533M | $119M | · | · | · | |
| Market Cap | $4.26B | $3.77B | · | $4.88B | $4.01B | $3.73B | · | $3.88B | $3.10B | $3.48B | · | $3.54B | · | · | · | · | |
| P/E | 14.2 | 29.6 | · | 16.0 | 14.8 | 14.2 | · | 51.3 | -5.7 | -5.9 | · | -6.6 | 31.3 | · | · | · | |
| P/S | 1.8 | 2.5 | · | 2.7 | 2.3 | 2.1 | · | 3.8 | 3.3 | 4.2 | · | 3.7 | · | · | · | · | |
| P/B | 1.1 | 1.0 | · | 1.3 | 1.1 | 1.3 | · | 1.5 | 1.0 | 1.2 | · | 1.2 | · | · | · | · | |
| P / Tangible Book | 1.4 | 1.0 | · | 1.3 | 1.1 | 1.3 | · | 1.5 | 1.0 | 1.2 | · | 1.2 | · | · | · | · | |
| P / Cash Flow | · | -16.4 | · | · | · | -16.6 | · | · | · | -20.3 | · | · | · | · | · | · | |
| Earnings Yield | 7.0% | 3.4% | · | 6.2% | 6.8% | 7.0% | · | 1.9% | -17.7% | -16.9% | · | -15.2% | 3.2% | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $1.47B | $1.75B | $909M | $1.49B | $1.43B |
| Operating Margin % | · | · | -51.6% | · | · |
| Net Income | $124M | $198M | $-552M | $185M | $49M |
| Diluted EPS | $2.21 | $3.96 | $-11.12 | $3.65 | $1.03 |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 333 filers · $5.5B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
333
Value held
$5.5B
New positions
66
Exited positions
46
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 66 (+13 vs prior Q) | 46 (-28 vs prior Q) | 106 (+10 vs prior Q) | 88 (-4 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| PERSHING SQUARE INC. | $1,991,144,055 | 27,852,064 | 36.33% | Shares |
| Pershing Square Capital Management, L.P. | $1,192,581,569 | 18,852,064 | 21.76% | Shares |
| VANGUARD GROUP INC | $337,502,402 | 4,230,944 | 6.16% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $209,101,000 | 2,924,854 | 3.82% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $187,416,826 | 2,621,581 | 3.42% | Shares |
| BlackRock, Inc. | $115,766,146 | 1,619,333 | 2.11% | Shares |
| WELLS FARGO & COMPANY/MN | $106,818,055 | 1,494,168 | 1.95% | Shares |
| AMERICAN CENTURY COMPANIES INC | $101,889,836 | 1,425,232 | 1.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $97,349,863 | 1,361,727 | 1.78% | Shares |
| DONALD SMITH & CO., INC. | $71,690,815 | 1,002,809 | 1.31% | Shares |
| Long Focus Capital Management, LLC | $52,451,856 | 733,695 | 0.96% | Shares |
| Flat Footed LLC | $44,353,683 | 620,418 | 0.81% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $42,967,386 | 600,880 | 0.78% | Shares |
| Gotham Asset Management, LLC | $42,769,035 | 598,252 | 0.78% | Shares |
| STATE STREET CORP | $41,881,916 | 585,843 | 0.76% | Shares |
| Brandywine Global Investment Management, LLC | $41,875,341 | 524,951 | 0.76% | Shares |
| FRANKLIN RESOURCES INC | $40,400,786 | 565,125 | 0.74% | Shares |
| River Road Asset Management, LLC | $35,176,797 | 492,052 | 0.64% | Shares |
| MORGAN STANLEY | $28,469,191 | 398,224 | 0.52% | Shares |
| NORGES BANK | $26,137,959 | 365,617 | 0.48% | Shares |
| CITADEL ADVISORS LLC | $23,917,837 | 334,562 | 0.44% | Shares |
| JCP Investment Management, LLC | $22,455,009 | 314,100 | 0.41% | Shares |
| WELLS FARGO & COMPANY/MN | $22,404,966 | 313,400 | 0.41% | Put option |
| UBS Group AG | $21,896,744 | 306,291 | 0.40% | Shares |
| Consulta Ltd | $21,447,000 | 300,000 | 0.39% | Shares |
| BANK OF AMERICA CORP /DE/ | $21,030,856 | 294,179 | 0.38% | Shares |
| Russell Investments Group, Ltd. | $20,351,157 | 284,670 | 0.37% | Shares |
| JANE STREET GROUP, LLC | $19,271,131 | 269,564 | 0.35% | Shares |
| NORTHERN TRUST CORP | $17,921,614 | 250,687 | 0.33% | Shares |
| WOLVERINE TRADING, LLC | $17,522,912 | 214,400 | 0.32% | Put option |
| AMERIPRISE FINANCIAL INC | $15,924,343 | 222,749 | 0.29% | Shares |
| ROYAL BANK OF CANADA | $14,399,000 | 201,404 | 0.26% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $13,863,913 | 193,928 | 0.25% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $13,623,492 | 190,565 | 0.25% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,604,976 | 190,306 | 0.25% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $12,967,236 | 181,385 | 0.24% | Shares |
| Permanens Capital L.P. | $12,087,172 | 169,075 | 0.22% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,302,569 | 158,100 | 0.21% | Call option |
| FIRST MANHATTAN CO. LLC. | $10,707,629 | 149,778 | 0.20% | Shares |
| MARSHALL WACE, LLP | $10,674,457 | 149,314 | 0.19% | Shares |
| State of New Jersey Common Pension Fund D | $10,224,857 | 143,025 | 0.19% | Shares |
| 683 Capital Management, LLC | $10,008,600 | 140,000 | 0.18% | Shares |
| Jump Financial, LLC | $9,808,428 | 137,200 | 0.18% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $9,776,042 | 136,747 | 0.18% | Shares |
| GOLDMAN SACHS GROUP INC | $9,398,075 | 131,460 | 0.17% | Shares |
| Northside Capital Management, LLC | $8,254,355 | 130,483 | 0.15% | Shares |
| Amundi | $8,068,004 | 112,855 | 0.15% | Shares |
| Bank of New York Mellon Corp | $7,719,470 | 107,980 | 0.14% | Shares |
| Sowell Financial Services LLC | $7,496,227 | 104,857 | 0.14% | Shares |
| BERNZOTT CAPITAL ADVISORS | $6,426,405 | 95,206 | 0.12% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Pershing Square Capital Management, L.P., Pershing Square HHH Holdings, LLC, Pershing Square Inc., Pershing Square Partner Group, LLC, Pershing Square Management, LLC, William A. Ackman ×20 filings | June 8, 2026 | 46.70% | Amendment | · | SEC |
| Pershing Square Capital Management, L.P. (2), PS Management GP, LLC (2), William A. Ackman (2) | Jan. 4, 2024 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 29 insiders · 17 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David R. O'Reilly | Director and CEO | Feb. 5, 2026 F | 208,081 | 0 | 0 | $0 |
| Anton D. Nikodemus | CEO, Seaport Entertainment | Dec. 29, 2023 A | 28,045 | 0 | 0 | $0 |
| Carlos A. Olea | Chief Financial Officer | Feb. 5, 2026 F | 66,842 | 0 | 0 | $0 |
| James Carman | President, Houston Region | May 15, 2026 S | 22,096 | 0 | 1 | $-96,300 |
| Jose Miguel Bustamante | President, Nevada | Feb. 5, 2026 F | 13,195 | 0 | 0 | $0 |
| Charles James Freericks Jr. | President, Arizona | Feb. 5, 2026 F | 12,455 | 0 | 0 | $0 |
| Kristi Smith | Regional President, Columbia | Feb. 5, 2026 F | 26,375 | 0 | 0 | $0 |
| Douglas Johnstone | Regional President, Hawaii Region & National Condominium Development | Feb. 5, 2026 F | 26,839 | 0 | 0 | $0 |
| David Michael Striph | President, Asset Management and Operations | Feb. 5, 2025 A | 11,538 | 0 | 0 | $0 |
| Jay L Cross | President | Feb. 5, 2025 A | 85,590 | 0 | 0 | $0 |
| Heath Melton | President, Phoenix Region | March 15, 2024 S | 9,274 | 0 | 0 | $0 |
| Frank Stephan | President, Nevada | Jan. 30, 2024 A | 6,096 | 0 | 0 | $0 |
| Zachary Winick | CO-PRESIDENT, NEW YORK REGION | Dec. 6, 2023 S | 13,859 | 0 | 0 | $0 |
| Andrew D. Davis | Chief Operating Officer, HHC | Sept. 23, 2026 P | 32,530 | 1 | 1 | $-40,001 |
| Marc Grandisson | Executive Chairman, Vantage | Sept. 23, 2026 P | 96,943 | 1 | 0 | $1,603,000 |
| Joseph Valane | General Counsel & Secretary | April 1, 2026 F | 28,523 | 1 | 0 | $81,207 |
| Elena Verbinskaya | Chief Accounting Officer | Feb. 5, 2026 F | 9,855 | 0 | 0 | $0 |
| Thomas Cecil Lachman | Director | June 19, 2026 A | 5,754 | 0 | 0 | $0 |
| Jean-Baptiste Robert Bernard Wautier | Director | June 19, 2026 A | 4,263 | 0 | 0 | $0 |
| David Eun | Director | June 19, 2026 A | 9,720 | 0 | 0 | $0 |
| Susan Panuccio | Director | June 19, 2026 A | 5,754 | 0 | 0 | $0 |
| Anthony Williams | Director | June 19, 2026 A | 10,271 | 0 | 1 | $-87,538 |
| Scot R Sellers | Director | June 19, 2026 A | 71,555 | 1 | 0 | $389,700 |
| Beth J Kaplan | Director | June 20, 2025 A | 16,689 | 0 | 0 | $0 |
| Steven H Shepsman | Director | June 20, 2025 A | 29,473 | 0 | 0 | $0 |
| Dana Hamilton | Director | June 17, 2024 A | 3,290 | 0 | 0 | $0 |
| Adam R. Flatto | Director | June 14, 2024 A | 28,310 | 0 | 0 | $0 |
| MODEL ALLEN J | Director | June 14, 2024 A | 31,134 | 0 | 0 | $0 |
| Mary Ann Tighe | · | Aug. 11, 2026 S | 0 | 0 | 2 | $-1,440,519 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 46 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RNTY · Tidal Trust II | 2.66% | 3,640 NS | July 31, 2026 | N-PORT |
| CEFZ · Elevation Series Trust | 0.98% | 6,036 NS | July 31, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.38% | 13,597 NS | July 31, 2026 | N-PORT |
| GQRE · FlexShares Trust | 0.26% | 17,030 NS | July 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.22% | 279,524 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.20% | 43,223 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.18% | 19,907 SH | Oct. 2, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.14% | 314,784 NS | July 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.14% | 31,544 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.12% | 1,185,554 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.11% | 3,007 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.11% | 1,529 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.11% | 50,503 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 36,334 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.08% | 198,899 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 8,535 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.05% | 433,181 SH | Aug. 19, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.04% | 7,284 NS | July 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.03% | 100 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 682,423 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.03% | 16,642 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 1,944 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 353,151 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.02% | 45,894 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.02% | 125,102 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 1,791 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.01% | 35,636 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.01% | 132,108 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 5,503 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 18,750 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 13,949 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,040 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.01% | 68,988 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.01% | 275,000 SH | Sept. 9, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 1,694 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.00% | 22,866 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 41,267 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 8,899 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 7,995 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 948,001 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 21,150 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,926 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,616 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 7,053 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 1,390 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 6,917 SH | Sept. 11, 2026 | Daily |
HHH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 7 analysts
BUY
Median target
$90.00
+26.7%
1 14.3%
Strong Buy
4 57.1%
Buy
2 28.6%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-02Mean target $89.67 +26.2%
← Below all targets
Current price $71.04
Low$79.00
Mean$89.67
High$100.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HHH | · | 36.1 | -15.8% | · | · | · |
| FOR | $1.35B | 8.1 | 10.1% | 10.1% | 10.0% | · |
| STRS | $192M | 16.4 | -44.8% | 9.4% | 1.4% | · |
| AXR | · | 14.4 | 6.3% | 19.5% | 7.4% | · |
| STHO | $101M | -1.7 | -2.8% | -58.3% | -22.3% | · |
| AEI | $134M | -1.5 | -78.8% | -1060.5% | -46.9% | 27.9% |
| RENX | $178.3K | -0.0 | 3860.7% | -194.1% | -363.8% | 29.1% |
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Source: SEC 10-Q filed Aug 5, 2026