# HOWARD HUGHES HOLDINGS INC. (HHH) · Edgar & Edgarette company card

> Howard Hughes Holdings (HHH) saw revenue fall 15.8% in FY2025 to $1.5 billion, operating margin 22.5% against a 24.7% median for real estate investment trusts, equity 35.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1981792 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HHH) · [JSON](https://www.pops4.com/boards/company/HHH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.5B |
| Revenue growth, 1 year | -15.8% |
| Revenue growth per year | 0.8% |
| Operating margin | 22.5% (prior year 32.0%) |
| Net margin | 8.4% |
| Operating cash flow | $462M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $1.5B |
| Long-term debt | $5.1B |
| Total assets | $10.6B |
| Total equity | $3.8B |
| Equity ÷ assets | 35.5% |
| Return on equity | 3.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±48%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $1.5B (FY2025), total debt $5.1B. Experience: revenue down 15.8% on the year, up 0.8% a year over 4 years; operating margin 22.5%, down from 32.0%. Soundness: equity 35.5% of assets, return on equity 3.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $780.8M and $2.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $530.5M to $3.3B. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 22.5% against a 24.7% median; growth -15.8% against 3.7%.

Range logged 2026-09-27, receipt 7ca491e63d899f69, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-10-23 ([filing](https://www.sec.gov/Archives/edgar/data/1981792/000110465926118480/0001104659-26-118480-index.htm))

## Recent filings

- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000162828026071078/0001628280-26-071078-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000162828026071028/0001628280-26-071028-index.htm)
- 8-K · filed 2026-10-23 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000110465926118480/0001104659-26-118480-index.htm)
- 8-K · filed 2026-10-01 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000110465926112836/0001104659-26-112836-index.htm)
- DEF 14A · filed 2026-08-19 · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000110465926098808/0001104659-26-098808-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1981792/000162828026053324/0001628280-26-053324-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001981792.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1981792

## Cite

POPS4, Edgar & Edgarette: HOWARD HUGHES HOLDINGS INC. (HHH) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/HHH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.