Highwoods Properties (HIW) FCF Margin (2009 - 2025)
Highwoods Properties' FCF Margin came in at 48.05% for Q4 2025, down 2.42 percentage points from 50.47% a year earlier but up 0.82 percentage points from the prior quarter.
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Analysis
Highwoods Properties (HIW) FCF Margin (2009 - 2025) Analysis & Trends
For FY2025, Highwoods Properties' FCF Margin was 44.07%, down 4.29 percentage points from FY2024.
- FCF Margin carries a five-year change of +17.26 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 48.37% in FY2024 (+6.03 pp), 42.34% in FY2023 (-3.19 pp), 45.53% in FY2022 (+1.69 pp) and 43.84% in FY2021 (+17.03 pp).
- The five-year range for quarterly FCF Margin is 23.12% (Q1 2025) to 62.70% (Q2 2024).
- Year-over-year, FCF Margin has declined for four consecutive quarters, with an average year-over-year change of +0.80 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2021 (a gain of 24.04 percentage points), and the weakest in Q1 2025 (a drop of 9.94 percentage points).
- Business Quant data shows HIW's FCF Margin at 47.23% (Q3 2025), 57.80% (Q2 2025) and 23.12% (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 19.31% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 52.96% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 70.29% |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 65.90% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 26.29% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 63.45% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 66.74% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Highwoods Properties | 3.20 Bn | 3.18 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 48.05% |
| Sep 30, 2025 | 47.23% |
| Jun 30, 2025 | 57.80% |
| Mar 31, 2025 | 23.12% |
| Dec 31, 2024 | 50.47% |
| Sep 30, 2024 | 47.72% |
| Jun 30, 2024 | 62.70% |
| Mar 31, 2024 | 33.06% |
| Dec 31, 2023 | 45.98% |
| Sep 30, 2023 | 46.13% |
| Jun 30, 2023 | 51.49% |
| Mar 31, 2023 | 26.20% |
| Dec 31, 2022 | 39.57% |
| Sep 30, 2022 | 54.41% |
| Jun 30, 2022 | 59.00% |
| Mar 31, 2022 | 29.44% |
| Dec 31, 2021 | 45.68% |
| Sep 30, 2021 | 51.58% |
| Jun 30, 2021 | 43.05% |
| Mar 31, 2021 | 34.38% |
API Access
Highwoods Properties FCF 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=fcf-margin&ticker=HIW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "HIW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=HIW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();