Howard Hughes Holdings Inc. - Understand $hhh stock

$HHH Market Cap: $4.3 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.152B

TTM

Gross Margin

52.6%

TTM

Net Earnings

$75.66M

TTM

Current Assets

$1.075B

Q3 2024

Current Liabilities

$1.512B

Q3 2024

Current Ratio

71.09%

Q3 2024

Total Assets

$9.439B

Q3 2024

Total Liabilities

$6.758B

Q3 2024

Book Value

$2.680B

Q3 2024

Cash

$400.7M

Q3 2024

P/E

56.83

Nov 29, 2024 EST

Free Cash Flow

-$152.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$1.024B	$1.609B	$1.428B	$699.5M	$1.301B	$1.065B	$1.100B	$1.035B	$797.1M	$634.6M	$469.4M	$376.9M	$275.7M	$142.7M	$136.3M	$172.5M	$260.5M	$548.7M
YoY Change	-36.33%	12.65%	104.13%	-46.21%	22.17%	-3.24%	6.29%	29.85%	25.61%	35.19%	24.54%	36.71%	93.2%	4.7%	-20.99%	-33.78%	-52.52%	8.55%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$1.024B	$1.609B	$1.428B	$699.5M	$1.301B	$1.065B	$1.100B	$1.035B	$797.1M	$634.6M	$469.4M	$376.9M	$275.7M	$142.7M	$136.3M	$172.5M	$260.5M	$548.7M
Cost Of Revenue	$532.5M	$920.8M	$862.2M	$436.5M	$813.2M	$658.1M	$661.7M	$587.4M	$446.2M	$326.2M	$284.4M	$230.6M	$174.6M	$96.60M	$89.50M	$107.6M	$156.6M
Gross Profit	$491.6M	$687.7M	$565.7M	$263.0M	$487.3M	$406.4M	$438.4M	$447.6M	$350.9M	$308.4M	$185.1M	$146.3M	$101.1M	$46.10M	$46.90M	$64.90M	$103.9M
Gross Profit Margin	48.0%	42.75%	39.62%	37.6%	37.47%	38.18%	39.85%	43.25%	44.02%	48.6%	39.43%	38.82%	36.67%	32.31%	34.41%	37.62%	39.88%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$159.7M	$149.7M	$147.2M	$173.7M	$215.8M	$172.1M	$142.3M	$141.3M	$135.0M	$115.2M	$69.50M	$49.30M	$42.40M	$37.00M	$39.40M	$33.70M	$39.60M
YoY Change	6.66%	1.7%	-15.26%	-19.51%	25.39%	20.94%	0.71%	4.67%	17.19%	65.76%	40.97%	16.27%	14.59%	-6.09%	16.91%	-14.9%
% of Gross Profit	32.48%	21.77%	26.02%	66.05%	44.28%	42.35%	32.46%	31.57%	38.47%	37.35%	37.55%	33.7%	41.94%	80.26%	84.01%	51.93%	38.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$195.6M	$200.3M	$205.1M	$217.5M	$155.2M	$128.2M	$132.3M	$95.90M	$99.00M	$56.00M	$33.80M	$24.50M	$16.80M	$16.60M	$19.80M	$18.40M	$23.00M	$21.40M
YoY Change	-2.33%	-2.34%	-5.7%	40.14%	21.06%	-3.1%	37.96%	-3.13%	76.79%	65.68%	37.96%	45.83%	1.2%	-16.16%	7.61%	-20.0%	7.48%	-12.65%
% of Gross Profit	39.79%	29.13%	36.26%	82.7%	31.85%	31.55%	30.18%	21.43%	28.21%	18.16%	18.26%	16.75%	16.62%	36.01%	42.22%	28.35%	22.14%
Operating Expenses	$371.5M	$348.2M	$363.8M	$391.1M	$359.4M	$299.6M	$271.3M	$225.7M	$232.1M	$141.6M	$73.80M	$73.80M	$73.60M	$54.70M	$59.20M	$52.20M	$62.50M	$429.4M
YoY Change	6.69%	-4.29%	-6.98%	8.82%	19.96%	10.43%	20.2%	-2.76%	63.91%	91.87%	0.0%	0.27%	34.55%	-7.6%	13.41%	-16.48%	-85.44%	2.07%
Operating Profit	-$528.2M	$339.5M	$201.9M	-$128.1M	$127.9M	$106.8M	$167.1M	$221.9M	$118.8M	$166.8M	$111.3M	$72.50M	$27.50M	-$8.600M	-$12.30M	$12.70M	$41.40M
YoY Change	-255.59%	68.15%	-257.61%	-200.16%	19.76%	-36.09%	-24.7%	86.78%	-28.78%	49.87%	53.52%	163.64%	-419.77%	-30.08%	-196.85%	-69.32%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	$157.0M	-$121.6M	-$139.8M	$141.2M	-$64.90M	-$33.60M	-$35.00M	-$7.500M	-$55.40M	$7.200M	$7.900M	$12.20M	$18.50M	$7.400M	$700.0K	$1.100M	$1.500M	$1.700M
YoY Change	-229.07%	-13.02%	-199.01%	-317.57%	93.15%	-4.0%	366.67%	-86.46%	-869.44%	-8.86%	-35.25%	-34.05%	150.0%	957.14%	-36.36%	-26.67%	-11.76%	-383.33%
% of Operating Profit		-35.82%	-69.24%		-50.74%	-31.46%	-20.95%	-3.38%	-46.63%	4.32%	7.1%	16.83%	67.27%			8.66%	3.62%
Other Income/Expense, Net			$0.00	$0.00	$13.50M	$0.00	-$43.40M	-$24.40M	$58.30M	-$134.5M	-$183.2M	-$205.3M	$95.50M	-$140.9M	$0.00	$0.00
YoY Change				-100.0%		-100.0%	77.87%	-141.85%	-143.35%	-26.58%	-10.76%	-314.97%	-167.78%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	-$715.3M	$245.1M	$64.10M	$8.500M	$103.5M	$73.20M	$120.8M	$320.8M	$150.7M	$39.40M	-$64.10M	-$120.7M	$130.1M	-$702.7M	-$698.6M	-$38.70M	-$83.00M	$120.9M
YoY Change	-391.83%	282.37%	654.12%	-91.79%	41.39%	-39.4%	-62.34%	112.87%	282.49%	-161.47%	-46.89%	-192.77%	-118.51%	0.59%	1705.17%	-53.37%	-168.65%	44.1%
Income Tax	-$163.7M	$60.50M	$15.20M	$11.70M	$29.20M	$15.50M	-$45.80M	$118.5M	$24.00M	$63.00M	$9.600M	$6.900M	-$18.30M	-$633.5M	-$24.00M	$2.700M	-$10.60M	$83.80M
% Of Pretax Income		24.68%	23.71%	137.65%	28.21%	21.17%	-37.91%	36.94%	15.93%	159.9%			-14.07%					69.31%
Net Earnings	-$551.5M	$184.5M	$56.10M	-$26.20M	$74.00M	$57.00M	$168.4M	$202.3M	$126.7M	-$23.50M	-$73.80M	-$128.3M	$147.2M	-$69.40M	-$703.6M	-$18.00M	-$4.000M	$62.90M
YoY Change	-398.93%	228.88%	-314.12%	-135.41%	29.82%	-66.15%	-16.76%	59.67%	-639.15%	-68.16%	-42.48%	-187.16%	-312.1%	-90.14%	3808.89%	350.0%	-106.36%	29.96%
Net Earnings / Revenue	-53.85%	11.47%	3.93%	-3.75%	5.69%	5.35%	15.31%	19.55%	15.9%	-3.7%	-15.72%	-34.04%	53.39%	-48.63%	-516.21%	-10.43%	-1.54%	11.46%
Basic Earnings Per Share	-$11.13	$3.65	$1.03
Diluted Earnings Per Share	-$11.13	$3.65	$1.03	-$0.50	$1.71	$1.32	$3.91	$4.73	$2.96	-$0.60	-$1.87	-$3.36	$3.77	-$1.84	-$18.66	-$0.48	-$0.11	$1.67

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$631.5M	$626.7M	$843.2M	$1.015B	$422.9M	$499.7M	$861.1M	$665.5M	$445.3M	$560.5M	$894.9M	$229.2M	$227.6M	$284.7M	$3.200M	$5.000M
YoY Change	0.77%	-25.68%	-16.9%	139.94%	-15.37%	-41.97%	29.39%	49.45%	-20.55%	-37.37%	290.45%	0.7%	-20.06%	8796.88%	-36.0%
Cash & Equivalents	$631.5M	$626.7M	$843.2M	$1.015B	$422.9M	$499.7M	$861.1M	$665.5M	$445.3M	$560.5M	$894.9M	$229.2M	$227.6M	$284.7M	$3.200M	$5.000M
Short-Term Investments
Other Short-Term Assets	$16.98M	$18.80M	$21.40M	$17.50M	$13.30M	$17.00M	$11.70M	$11.20M	$8.500M	$9.200M	$4.700M	$4.800M	$6.500M	$2.900M	$3.800M	$11.60M
YoY Change	-9.66%	-12.15%	22.29%	31.58%	-21.76%	45.3%	4.46%	31.76%	-7.61%	95.74%	-2.08%	-26.15%	124.14%	-23.68%	-67.24%
Inventory	$671.0K	$22.50M	$57.50M	$55.90M	$56.40M	$198.4M
Prepaid Expenses
Receivables	$115.0M	$103.4M	$86.40M	$7.400M	$12.30M	$12.60M	$13.00M	$9.900M	$32.20M	$28.20M	$21.40M	$13.90M	$20.10M	$8.200M	$9.100M	$17.40M
Other Receivables	$645.9M	$550.2M	$483.7M	$382.6M	$415.0M	$254.3M	$380.5M	$446.7M	$426.0M	$160.6M	$498.8M	$469.5M	$480.4M	$412.1M	$91.30M	$87.50M
Total Short-Term Assets	$1.410B	$1.322B	$1.492B	$1.478B	$919.9M	$982.0M	$1.266B	$1.133B	$912.0M	$758.5M	$1.420B	$717.4M	$734.6M	$707.9M	$107.4M	$121.5M
YoY Change	6.7%	-11.43%	0.95%	60.68%	-6.32%	-22.45%	11.74%	24.27%	20.24%	-46.58%	97.91%	-2.34%	3.77%	559.12%	-11.6%
Property, Plant & Equipment	$7.419B	$7.507B	$7.456B	$7.115B	$6.948B	$5.896B	$5.123B	$4.824B	$4.614B	$4.029B	$2.992B	$2.666B	$2.557B	$2.233B	$2.742B	$1.562B
YoY Change	-1.17%	0.68%	4.8%	2.4%	17.83%	15.09%	6.21%	4.54%	14.52%	34.65%	12.23%	4.28%	14.53%	-18.58%	75.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$13.78M	$14.70M	$5.000M	$5.000M	$4.000M	$4.000M	$4.000M	$4.400M	$4.000M	$3.900M	$3.700M					$1.711B
YoY Change	-6.27%	194.0%	0.0%	25.0%	0.0%	0.0%	-9.09%	10.0%	2.56%	5.41%
Other Assets	$564.1M	$601.1M	$493.3M	$340.4M	$330.5M	$320.3M	$80.90M	$64.50M	$61.80M	$60.40M	$36.60M	$12.90M	$10.30M	$6.600M	$7.400M	$9.200M
YoY Change	-6.16%	21.85%	44.92%	3.0%	3.18%	295.92%	25.43%	4.37%	2.32%	65.03%	183.72%	25.24%	56.06%	-10.81%	-19.57%
Total Long-Term Assets	$8.167B	$8.282B	$8.090B	$7.662B	$7.494B	$6.374B	$5.463B	$5.234B	$4.810B	$4.347B	$3.148B	$2.786B	$2.665B	$2.315B	$2.798B	$3.323B
YoY Change	-1.39%	2.38%	5.58%	2.25%	17.57%	16.68%	4.37%	8.83%	10.65%	38.08%	13.01%	4.53%	15.13%	-17.26%	-15.79%
Total Assets	$9.577B	$9.604B	$9.582B	$9.140B	$8.414B	$7.356B	$6.729B	$6.367B	$5.722B	$5.105B	$4.568B	$3.503B	$3.400B	$3.023B	$2.905B	$3.444B
YoY Change
Accounts Payable	$49.36M	$36.20M	$72.80M	$28.60M	$37.50M	$38.70M	$35.90M	$33.10M	$33.90M	$34.20M	$44.80M	$39.60M	$43.80M	$29.70M	$23.10M	$31.80M
YoY Change	36.36%	-50.27%	154.55%	-23.73%	-3.1%	7.8%	8.46%	-2.36%	-0.88%	-23.66%	13.13%	-9.59%	47.47%	28.57%	-27.36%
Accrued Expenses	$169.3M	$169.2M	$173.7M	$172.2M	$165.9M	$91.80M	$83.80M	$70.60M	$64.30M	$55.20M	$170.9M	$153.1M	$145.8M	$149.6M	$76.50M	$84.30M
YoY Change	0.06%	-2.59%	0.87%	3.8%	80.72%	9.55%	18.7%	9.8%	16.49%	-67.7%	11.63%	5.01%	-2.54%	95.56%	-9.25%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$214.5M	$166.1M	$103.0M	$321.7M	$6.900M										$0.00
YoY Change	29.15%	61.26%	-67.98%	4562.32%
Total Short-Term Liabilities	$1.199B	$1.048B	$1.034B	$1.112B	$690.7M	$673.8M	$412.5M	$457.2M	$365.3M	$376.3M	$364.0M	$258.2M	$221.8M	$198.4M	$242.7M	$273.9M
YoY Change	14.42%	1.38%	-7.02%	60.97%	2.51%	63.35%	-9.78%	25.16%	-2.92%	3.38%	40.98%	16.41%	11.79%	-18.25%	-11.39%
Long-Term Debt	$5.088B	$4.581B	$4.488B	$3.966B	$4.090B	$3.181B	$2.858B	$2.691B	$2.444B	$1.979B	$1.515B	$688.3M	$606.5M	$318.7M	$208.9M	$358.5M
YoY Change	11.07%	2.07%	13.17%	-3.03%	28.55%	11.31%	6.21%	10.09%	23.51%	30.65%	120.05%	13.49%	90.3%	52.56%	-41.73%
Other Long-Term Liabilities	$142.9M	$113.9M	$121.7M	$131.1M	$119.8M	$105.4M	$109.2M	$447.1M	$459.2M	$460.5M	$354.7M	$44.90M	$38.00M	$20.50M	$166.6M	$31.00M
YoY Change	25.45%	-6.41%	-7.17%	9.43%	13.66%	-3.48%	-75.58%	-2.64%	-0.28%	29.83%	689.98%	18.16%	85.37%	-87.7%	437.42%
Total Long-Term Liabilities	$5.231B	$4.695B	$4.610B	$4.097B	$4.209B	$3.287B	$2.967B	$3.138B	$2.903B	$2.439B	$1.869B	$733.2M	$644.5M	$339.2M	$375.5M	$389.5M
YoY Change	11.42%	1.85%	12.52%	-2.67%	28.07%	10.77%	-5.44%	8.08%	19.02%	30.49%	154.95%	13.76%	90.01%	-9.67%	-3.59%
Total Liabilities	$6.584B	$6.063B	$5.872B	$5.426B	$5.266B	$4.224B	$3.546B	$3.800B	$3.362B	$2.882B	$2.329B	$1.198B	$1.075B	$844.4M	$1.402B	$1.460B
YoY Change	8.6%	3.26%	8.22%	3.04%	24.67%	19.11%	-6.67%	13.03%	16.66%	23.71%	94.46%	11.42%	27.31%	-39.77%	-3.97%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	49.57M shares	50.51M shares	54.60M shares
Diluted Shares Outstanding	49.57M shares	50.56M shares	54.65M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.2998 Billion

About Howard Hughes Holdings Inc.

Howard Hughes Holdings Inc. is a holding company. The company is headquartered in The Woodlands, Texas and currently employs 608 full-time employees. The company went IPO on 2010-11-05. The firm operates through four segments: Operating Assets, master planned communities (MPCs), Strategic Developments, and Seaport. Its Operating Assets segment owns a variety of asset types including approximately 8.8 million square feet of retail and office properties, 5,587 wholly and partially owned multi-family units, and wholly and partially owned other properties and investments. The MPC segment plans, develops, and manages small cities and large-scale, mixed-use communities in the market. Its MPC segment includes the development and sale of residential and commercial land, primarily in large-scale, long-term projects. The Strategic Developments segment consists of commercial properties. The Seaport segment is a multiblock district under private management by a single owner in New York City.

Industry: Real Estate Investment Trusts Peers: Alset Inc. AMREP CORP. STRATUS PROPERTIES INC Forestar Group Inc. KAANAPALI LAND LLC MAUI LAND & PINEAPPLE CO INC Safe & Green Development Corp Star Holdings