FOR vs MLP vs HHH Stock Comparison

Forestar, Maui Land & Pineapple and Howard Hughes Holdings Prices as of Oct 23, 2026 Peers: Industry group
FOR Forestar Group Inc.
$26.01 -2.7% 1M 0.0% 1Y
Market cap
$1.33B
P/E
7.8x
Revenue (TTM)
$1.72B
Div. yield
–
Real Estate Development Real Estate
5 wins

Head to Head

11 decided of 12

Howard Hughes Holdings leads on 5 of the 12 questions below (Howard Hughes Holdings 5, Forestar 5, Maui Land & Pineapple 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFORMLPHHHLeader
Larger companyMarket capitalisation $1.33B $277.80M $4.34B HHH
Cheaper on earningsLower P/E, profitable companies only 7.8x -60.0x 14.9x FOR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.5x — 18.0x FOR
Faster revenue growthRevenue growth, trailing twelve months +11.8% -4.1% +34.0% HHH
More profitableNet margin, trailing twelve months 9.9% -28.6% 12.3% HHH
Better return on capitalReturn on invested capital 6.1% — 4.0% FOR
Less leveragedLower net debt / EBITDA 1.8x — 4.0x FOR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months 0.0% -9.7% -13.7% FOR
Better 5-year returnAnnualised price return, 5 years +5.4%/yr +6.5%/yr -4.5%/yr MLP
Less volatileAnnualised volatility, 1 year 33.6% 35.4% 33.4% HHH
Higher overall scoreMean of the five percentile scores vs peers 55/100 35/100 64/100 HHH

Percentile Scorecard

FORMLPHHH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFORMLPHHH
Valuation 92 #4 of 39 11 #35 of 39 84 #7 of 39
Growth 53 #16 of 33 47 #18 of 33 75 #9 of 33
Profitability 62 #12 of 30 24 #23 of 30 72 #9 of 30
Financial Health 46 #21 of 38 57 #17 of 38 24 #29 of 38
Shareholder Returns 23 #11 of 14 – –
Overall 55 35 64
  • FOR ranked among 42 companies in Property Developers
  • MLP ranked among 42 companies in Property Developers
  • HHH ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFORMLPHHHSPY
1 month -2.7%-12.5%+10.1% -1.0%
3 months -8.3%-17.0%+6.6% +2.9%
6 months -7.5%-8.4%+9.6% +6.4%
Year to date +5.6%-16.0%-12.0% +11.4%
1 year 0.0%-9.7%-13.7% +13.1%
3 years +11.4%-2.8%+9.4% +79.4%
3 years, per year +3.7%-0.9%+3.0% +21.5%
5 years +30.0%+37.0%-20.7% +67.7%
5 years, per year +5.4%+6.5%-4.5% +10.9%
10 years +130.6%+112.7%-32.0% +255.2%
10 years, per year +8.7%+7.8%-3.8% +13.5%

Risk

MeasureFORMLPHHHSPY
Volatility, 1Y 33.6%35.4%33.4% 12.7%
Downside volatility, 1Y 31.9%32.0%31.5% 12.7%
Beta vs S&P 500, 1Y 0.810.290.77 1.00
Return / volatility, 1Y 0.00-0.27-0.41 1.03
Max drawdown, 5Y -54.7%-45.5%-49.0% -25.4%
From 52-week high -18.7%-28.6%-21.9% -2.5%
52-week high $31.98$19.92$89.85 $779.14
52-week low $23.09$14.17$60.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFORMLPHHH
P/E now vs peer median 7.8xmedian 7.8x -61.2xmedian 7.8x 12.9xmedian 7.8x
P/S now vs peer median 0.8xmedian 4.9x 17.5xmedian 4.9x 1.6xmedian 4.9x
EV/EBITDA now vs peer median 8.0xmedian 11.2x —median 11.2x 9.4xmedian 11.2x
P/FCF now vs peer median 4.7xmedian 6.4x -34.5xmedian 6.4x 6.1xmedian 6.4x
P/B now vs peer median 0.7xmedian 0.6x 9.1xmedian 0.6x 0.9xmedian 0.6x
PEG now vs peer median 1.67median 0.33 -2.47median 0.33 0.47median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFORMLPHHH
Revenue $1.72B $16.15M $2.37B
Gross profit $368.90M $9.37M $1.79B
Operating income $213.60M -$5.87M $505.99M
Net income $170.50M -$5.87M $290.16M
Free cash flow $282.90M -$8.19M $628.36M
EPS (diluted) $3.32 $-0.23 $4.94
Cash & equivalents $394.90M $3.28M $2.65B
Total debt $793.80M $25.00M $5.46B
Shares (diluted) 51.30M 20.40M 59.15M
Enterprise value -$19.12M $260.34M -$3.09B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFORMLPHHH
P/E 7.8x -61.2x 12.9x
P/FCF 4.7x -34.5x 6.1x
P/Operating cash flow 4.7x 794.5x 4.8x
P/S 0.8x 17.5x 1.6x
P/B 0.7x 9.1x 0.9x
P/Tangible book 0.7x 9.1x 1.1x
EV/EBITDA 8.0x – 9.4x
EV/EBIT 8.1x -49.1x 13.0x
EV/Revenue 1.0x 17.8x 2.8x
EV/FCF 6.1x -35.2x 10.5x
EV/Operating cash flow 6.1x 809.2x 8.4x
PEG (3Y EPS CAGR) 1.67 -2.47 0.47

Growth

14 metrics
MetricFORMLPHHH
Revenue growth (1Y) 11.8% -4.1% 34.0%
Revenue CAGR (3Y) 10.8% 19.4% 20.1%
Gross profit growth (1Y) 6.7% 17.6% 67.9%
Gross profit CAGR (3Y) 9.9% 9.0% 31.7%
Operating income growth (1Y) 5.7% 10.5% -11.9%
Operating income CAGR (3Y) 5.4% -21.8% 8.1%
Net income growth (1Y) 4.9% 10.5% 27.3%
Net income CAGR (3Y) 5.5% 18.5% 34.5%
EPS growth (1Y) 4.1% 67.6% 20.1%
EPS CAGR (3Y) 4.7% 24.8% 27.2%
Operating cash flow growth (1Y) 184.8% 78.9% 33.7%
Operating cash flow CAGR (3Y) 3.6% 27.2% –
Free cash flow growth (1Y) 183.9% -94.9% 120.5%
Free cash flow CAGR (3Y) 3.7% -9.2% –

Profitability

14 metrics
MetricFORMLPHHH
Gross margin 21.4% 58.0% 75.6%
EBITDA margin 12.6% – 29.4%
Operating margin 12.4% -36.3% 21.3%
Pretax margin 13.1% -36.3% 16.0%
Net margin 9.9% -28.6% 12.3%
FCF margin 16.4% -50.7% 26.5%
Operating cash flow margin 16.5% 2.2% 33.2%
Return on equity 9.3% -18.6% 7.4%
Return on assets 5.3% -12.0% 2.1%
Return on invested capital 6.1% – 4.0%
Return on capital employed – -13.9% –
Asset turnover 0.5x 0.3x 0.2x
Cash conversion (OCF / net income) 1.7x -0.1x 2.7x
Stock comp / revenue 0.5% – 0.7%

Financial Health

11 metrics
MetricFORMLPHHH
Debt / assets 24.6% 17.1% 34.3%
Debt / equity 0.4x 0.3x 1.4x
Net debt / EBITDA 1.8x – 4.0x
Debt / FCF 2.8x -1.0x 8.7x
Liabilities / assets 42.3% 37.4% 74.6%
Equity / assets 57.7% 62.6% 25.4%
Interest coverage – – 2.9x
Current ratio – 1.2x –
Quick ratio – 0.8x –
Cash ratio – 0.5x –
Altman Z-score – 6.98 –

Shareholder Returns

7 metrics
MetricFORMLPHHH
Dividend yield – – –
Net buyback yield 0.0% – –
Shareholder yield 0.0% 0.0% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFORMLPHHH
Forward P/E 8.5xFY2026 – 18.0xFY2026
EPS, next fiscal year $3.06FY2026 – $3.55FY2026
EPS growth, next FY -7.0%FY2026 – +60.6%FY2026
EPS growth, the year after -12.4% – -14.9%
Revenue, next fiscal year $1.77BFY2026 – $2.40BFY2026
Revenue growth, next FY +6.9%FY2026 – +63.2%FY2026
Revenue growth, the year after +1.0% – -8.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFORMLPHHH
Held by institutions 36.6% 23.5% 90.7%
Institutions holding 185 66 303
Change in shares held, QoQ +0.1% +28.9% +1.8%
Institutions buying 97 23 170
Institutions selling 49 26 87
Buyers to sellers 1.98 0.88 1.95

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FORMLPHHH
FOR 1.00 0.22 0.41
MLP 0.22 1.00 0.17
HHH 0.41 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FOR, MLP and HHH?

Howard Hughes Holdings (HHH) is the largest by market capitalisation: Forestar (FOR) $1.33B, Maui Land & Pineapple (MLP) $277.80M, Howard Hughes Holdings (HHH) $4.34B.

Which stock is cheaper, FOR, MLP and HHH?

Forestar (FOR) trades on the lowest price-to-earnings ratio (Forestar (FOR) 7.8x, Maui Land & Pineapple (MLP) -60.0x, Howard Hughes Holdings (HHH) 14.9x). On next year's consensus earnings, Forestar (FOR) is cheapest (Forestar (FOR) 8.5x, Howard Hughes Holdings (HHH) 18.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Howard Hughes Holdings (HHH) grew revenue fastest over the trailing twelve months: Forestar (FOR) +11.8%, Maui Land & Pineapple (MLP) -4.1%, Howard Hughes Holdings (HHH) +34.0%.

Which company is more profitable?

Howard Hughes Holdings (HHH) has the highest net margin (Forestar (FOR) 9.9%, Maui Land & Pineapple (MLP) -28.6%, Howard Hughes Holdings (HHH) 12.3%). On return on invested capital, Forestar (FOR) leads (Forestar (FOR) 6.1%, Howard Hughes Holdings (HHH) 4.0%).

Which stock has performed better?

Over the past year Forestar (FOR) returned the most: Forestar (FOR) 0.0%, Maui Land & Pineapple (MLP) -9.7%, Howard Hughes Holdings (HHH) -13.7%. Over five years, Maui Land & Pineapple (MLP) compounded fastest (Forestar (FOR) +5.4%/yr, Maui Land & Pineapple (MLP) +6.5%/yr, Howard Hughes Holdings (HHH) -4.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Howard Hughes Holdings (HHH) has been the steadiest (Forestar (FOR) 33.6%, Maui Land & Pineapple (MLP) 35.4%, Howard Hughes Holdings (HHH) 33.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FOR, MLP and HHH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Howard Hughes Holdings (HHH) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.