Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026)
Howard Hughes Holdings (HHH) posted quarterly 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 reported Operating Margin for 5 consecutive years, with 21.48% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 257.0% year-over-year to 21.48%; the TTM figure through Mar 2026 stood at 22.11% (down 1107.0% YoY), while the FY2025 annual figure was 22.48%, down 951.0% from the prior year.
- Operating Margin climbed to 21.48% in Q1 2026 per HHH's latest filing, from 4.19% in the prior quarter.
- Across five years, Operating Margin topped out at 60.63% in Q3 2024 and bottomed at 4.19% in Q4 2025.
- Historically, Operating Margin has averaged 27.72% across 5 years, with a median of 25.99% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin soared 3464 bps — and 2025, when it tumbled 2230 bps.
- Howard Hughes Holdings' Operating Margin stood at 52.71% in 2022, then tumbled by 36 bps to 33.59% in 2023, then dropped by 21 bps to 26.49% in 2024, then tumbled by 84 bps to 4.19% in 2025, then soared 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 | Howard Hughes Holdings | 4.02 Bn | 4.02 Bn | 1.07 Bn | 21.35% |
| 2 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.92 Bn | 2.92 Bn | - | 89.43% |
| 3 | Century Communities | 1.99 Bn | 1.90 Bn | 190.18 Mn | 20.53% |
| 4 | Forestar | 1.48 Bn | 1.09 Bn | 84.10 Mn | 11.25% |
| 5 | Five Point Holdings | 389.61 Mn | 40.24 Mn | -23.72 Mn | -325.18% |
| 6 | Belpointe PREP | 186.28 Mn | 186.28 Mn | - | - |
| 7 | Amrep | 124.06 Mn | 71.37 Mn | 4.41 Mn | 19.23% |
| 8 | Logistic Properties of the Americas | 105.87 Mn | 105.87 Mn | - | - |
| 9 | Smith Douglas Homes | 104.84 Mn | 90.64 Mn | 47.92 Mn | 2.20% |
| 10 | JFB Construction Holdings | 76.12 Mn | 68.15 Mn | 1.33 Mn | -59.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.35% |
| 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% |