Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026)
Howard Hughes Holdings (HHH) reported Operating Margin of 21.48% for Q1 2026, down 257.0% year-over-year from 13.68% in Q1 2025, and up 412.8% quarter-over-quarter 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.
- Operating Margin for Q1 2026 came in at 21.48%, down 257.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.11% (down 1815.0% YoY), and the FY2025 annual result was 22.48%, down 951.0% from the prior year.
- Operating Margin rose to 21.48% in Q1 2026 per HHH's latest filing, from 4.19% in the prior quarter.
- Over five years, Operating Margin peaked at 1639.17% in Q3 2024 and troughed at 4.19% in Q4 2025.
- A 5-year average of 132.96% and a median of 25.99% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin soared 161318 bps in 2024, then tumbled 159059 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 52.71% in 2022, then slumped by 36 bps to 33.59% in 2023, then slipped by 21 bps to 26.49% in 2024, then slumped by 84 bps to 4.19% in 2025, then surged by 413 bps to 21.48% in 2026.
- Business Quant data shows HHH's Operating Margin at 21.48% in Q1 2026, 4.19% in Q4 2025, and 48.58% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.65 Bn | 19.45 Bn | - | 90.09% |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 21.48% |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 77.97% |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 11.30% |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | -71.00% |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | -74.43% |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | - |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 20.63% |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 2.20% |
| 10 | JFB Construction Holdings | 88.07 Mn | 62.81 Mn | 681,192.00 | -12.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1,639.17% |
| 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% |