Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026)
Howard Hughes Holdings' Operating Margin came in at 24.67% for Q3 2026, down 23.91 percentage points from 48.58% a year earlier but up 3.32 percentage points from the prior quarter.
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Analysis
Howard Hughes Holdings (HHH) Operating Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Howard Hughes Holdings reported Operating Margin of 18.08%, down 12.78 percentage points year-over-year; for FY2025, it came in at 22.48%, down 9.51 percentage points from FY2024.
- Operating Margin carries a four-year change of +5.54 percentage points (FY2021 to FY2025).
- Going back by year, Operating Margin was 31.98% in FY2024 (+8.19 pp), 23.79% in FY2023 (-4.69 pp), 28.48% in FY2022 (+11.54 pp) and 16.94% in FY2021.
- The five-year range for quarterly Operating Margin is 4.19% (Q4 2025) to 60.63% (Q3 2024).
- Year-over-year, Operating Margin has declined for six consecutive quarters, with an average year-over-year change of -7.72 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2024 (a gain of 34.64 percentage points), and the weakest in Q3 2026 (a drop of 23.91 percentage points).
- Business Quant data shows HHH's Operating Margin at 21.35% (Q2 2026), 21.48% (Q1 2026) and 4.19% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn | 76.00% |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn | 68.06% |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn | 24.67% |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - | 85.52% |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn | 39.40% |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - | 91.58% |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn | 28.75% |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn | -18.30% |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn | -86.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.67% |
| 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% |
API Access
Howard Hughes Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HHH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HHH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HHH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();