# Howard Hughes Holdings Inc.: overview

HHH · NYSE · CIK 1981792 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/hhh.md) · [Financials](/companies/hhh/financials.md) · [Filings](/companies/hhh/filings.md) · [Insiders](/companies/hhh/insiders.md)

Latest reported revenue: [$1.12bn](/filings/0001628280-26-053324.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001628280-26-053324).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [327](/filings/0001628280-26-009710.md) | [984](/filings/0001628280-26-009710.md) | [199](/filings/0001628280-26-032144.md) | [261](/filings/0001628280-26-053324.md) | [390](/filings/0001981792-25-000011.md) | [624 d](/filings/0001628280-26-009710.md) | [236](/filings/0001628280-26-032144.md) | [1,122](/filings/0001628280-26-053324.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [60.6%](/filings/0001628280-26-009710.md) | [26.5%](/filings/0001628280-26-009710.md) | [24.0%](/filings/0001628280-26-032144.md) | [26.0%](/filings/0001628280-26-053324.md) | [48.6%](/filings/0001981792-25-000011.md) | [4.2% d](/filings/0001628280-26-009710.md) | [21.5%](/filings/0001628280-26-032144.md) | [21.3%](/filings/0001628280-26-053324.md) |
| Net margin | % | [22.2%](/filings/0001628280-26-009710.md) | [15.9%](/filings/0001628280-26-009710.md) | [5.3%](/filings/0001628280-26-032144.md) | [(4.7%)](/filings/0001628280-26-053324.md) | [30.6%](/filings/0001981792-25-000011.md) | [1.0% d](/filings/0001628280-26-009710.md) | [3.5%](/filings/0001628280-26-032144.md) | [14.1%](/filings/0001628280-26-053324.md) |
| Diluted EPS | $ per share | [1.46](/filings/0001628280-26-009710.md) | [3.12](/filings/0001628280-26-009710.md) | [0.21](/filings/0001628280-26-032144.md) | [(0.22)](/filings/0001628280-26-053324.md) | [2.02](/filings/0001981792-25-000011.md) | not reported | [0.14](/filings/0001628280-26-032144.md) | [2.68](/filings/0001628280-26-053324.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,428](/filings/0001628280-24-007207.md) | [1,489](/filings/0001628280-25-008128.md) | [909](/filings/0001628280-26-009710.md) | [1,751](/filings/0001628280-26-009710.md) | [1,475](/filings/0001628280-26-009710.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [16.9%](/filings/0001628280-24-007207.md) | [28.5%](/filings/0001628280-25-008128.md) | [23.8%](/filings/0001628280-26-009710.md) | [32.0%](/filings/0001628280-26-009710.md) | [22.5%](/filings/0001628280-26-009710.md) |
| Net margin | % | [3.4%](/filings/0001628280-24-007207.md) | [12.4%](/filings/0001628280-25-008128.md) | [(60.7%)](/filings/0001628280-26-009710.md) | [11.3%](/filings/0001628280-26-009710.md) | [8.4%](/filings/0001628280-26-009710.md) |
| Diluted EPS | $ per share | [1.03](/filings/0001628280-24-007207.md) | [3.65](/filings/0001628280-25-008128.md) | [(11.12)](/filings/0001628280-26-009710.md) | [3.96](/filings/0001628280-26-009710.md) | [2.21](/filings/0001628280-26-009710.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues; Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hhh/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [PERSHING SQUARE INC.](/funds/2026053.md) | 2026-06-30 | $1.99bn | 27,852,064 |  | Added +18,852,064 |
| [Pershing Square Capital Management, L.P.](/funds/1336528.md) | 2026-03-31 | $1.19bn | 18,852,064 |  | Not compared |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $209.1m | 2,924,854 |  | Added +102,332 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $187.4m | 2,621,581 |  | Reduced −386,159 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $115.8m | 1,619,333 |  | Added +139,898 |
| [WELLS FARGO & COMPANY/MN](/funds/72971.md) | 2026-06-30 | $106.8m | 1,494,168 |  | Added +23,790 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $101.9m | 1,425,232 |  | Added +185,899 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $97.3m | 1,361,727 |  | Reduced −287,925 |
| [DONALD SMITH & CO., INC.](/funds/814375.md) | 2026-06-30 | $71.7m | 1,002,809 |  | Reduced −41,013 |
| [Long Focus Capital Management, LLC](/funds/1602716.md) | 2026-06-30 | $52.5m | 733,695 |  | Unchanged |

## Recent filings

[All 285 filings](/companies/hhh/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 16:15 ET | [8-K](/filings/0001104659-26-118480.md) | 5.02 Departure or appointment of officers or directors | 0001104659-26-118480 |
| 2026-10-01 | 16:15 ET | [8-K](/filings/0001104659-26-112836.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-112836 |
| 2026-08-19 | 17:00 ET | [DEF 14A](/filings/0001104659-26-098808.md) | Proxy statement, period 2026-09-30 | 0001104659-26-098808 |
| 2026-08-11 | 16:15 ET | [8-K/A](/filings/0001104659-26-094061.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-094061 |
| 2026-08-05 | 16:08 ET | [10-Q](/filings/0001628280-26-053324.md) | Quarterly report, period 2026-06-30 | 0001628280-26-053324 |
| 2026-08-05 | 16:04 ET | [8-K](/filings/0001628280-26-053303.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-053303 |
| 2026-07-17 | 16:30 ET | [8-K](/filings/0001104659-26-084655.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-084655 |
| 2026-07-15 | 16:33 ET | [8-K/A](/filings/0001104659-26-083909.md) | 9.01 Financial statements and exhibits | 0001104659-26-083909 |
| 2026-06-08 | 18:05 ET | [SCHEDULE 13D/A](/filings/0001140361-26-024479.md) | Ownership report, active investor, amended | 0001140361-26-024479 |
| 2026-06-05 | 17:00 ET | [8-K](/filings/0001104659-26-071029.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 3.02 Unregistered sale of equity; 3.03 Change to security holders’ rights; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-071029 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-009710.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/692473de-71f4-449a-83f0-5765be4c9e8d)

## About the filer

- CIK: 1981792
- Tickers: HHH
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.