Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026)

Howard Hughes Holdings' (HHH) quarterly Operating Margin came in at 21.48% in Q1 2026, down 257.0% year-on-year from 13.68% in Q1 2025, and up 412.8% on a QoQ basis from 4.19% in Q4 2025.

Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026) Analysis & Trends

Howard Hughes Holdings (HHH) has 5 years of Operating Margin data on file, last reported at 21.48% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 257.0% year-over-year to 21.48% in Q1 2026; TTM through Mar 2026 was 22.11%, a 1107.0% decrease from a year earlier, with the FY2025 full-year figure at 22.48%, down 951.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 21.48%, up from 4.19% in the prior quarter.
  • Over the last five years, Operating Margin for HHH reached as high as 60.63% in Q3 2024 and fell as low as 4.19% in Q4 2025.
  • Historically, Operating Margin has averaged 27.72% across 5 years, with a median of 25.99% in 2023.
  • Across the five-year window, Operating Margin jumped 3464 bps in 2024 and sank 2230 bps in 2025, its largest moves.
  • Year by year, Operating Margin stood at 52.71% in 2022, then tumbled by 36 bps to 33.59% in 2023, then fell by 21 bps to 26.49% in 2024, then tumbled by 84 bps to 4.19% in 2025, then surged by 413 bps to 21.48% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 21.48% in Q1 2026, 4.19% in Q4 2025, and 48.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Vesta Real Estate Corporation, S.A.B. de C.V 29.60 Bn 29.60 Bn - 89.43%
2 Howard Hughes Holdings 3.89 Bn 3.89 Bn 182.88 Mn 21.48%
3 Century Communities 2.07 Bn 1.98 Bn 190.18 Mn 20.53%
4 Forestar 1.51 Bn 1.12 Bn 84.10 Mn 11.25%
5 Five Point Holdings 415.49 Mn 66.11 Mn -23.72 Mn -325.18%
6 Belpointe PREP 178.93 Mn 178.93 Mn - -
7 Smith Douglas Homes 137.97 Mn 109.98 Mn 40.45 Mn 2.20%
8 Amrep 122.05 Mn 69.36 Mn 4.41 Mn 19.23%
9 Logistic Properties of the Americas 92.01 Mn 92.01 Mn - -
10 Kaanapali Land 55.35 Mn 18.66 Mn 10.32 Mn 43.03%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.48%
Dec 31, 2025 4.19%
Sep 30, 2025 48.58%
Jun 30, 2025 26.01%
Mar 31, 2025 24.05%
Dec 31, 2024 26.49%
Sep 30, 2024 60.63%
Jun 30, 2024 31.21%
Mar 31, 2024 8.06%
Dec 31, 2023 33.59%
Sep 30, 2023 25.99%
Jun 30, 2023 7.50%
Mar 31, 2023 20.82%
Dec 31, 2022 52.71%
Sep 30, 2022 24.58%