Howard Hughes Holdings Inc. (HHH) Revenue History
Annual and quarterly revenue from 2009 to present
HHH Revenue Over Time (2009–2025)
HHH Revenue Growth History
12 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +4.7%
- FY2011 revenue growth
- +93.2%
- FY2012 revenue growth
- +36.7%
- FY2013 revenue growth
- +25.9%
- FY2014 revenue growth
- +33.7%
- FY2015 revenue growth
- +25.6%
- FY2016 revenue growth
- +29.8%
- FY2017 revenue growth
- +6.3%
- FY2018 revenue growth
- -3.2%
- FY2019 revenue growth
- +22.2%
- FY2020 revenue growth
- -46.2%
- FY2021 revenue growth
- +104.1%
- FY2022 revenue growth
- +4.3%
- FY2023 revenue growth
- -31.2%
- FY2024 revenue growth
- +70.9%
- FY2025 revenue growth
- -15.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $235.9M | +18.4% |
| Q4 2025 | $624.4M | -36.5% |
| Q3 2025 | $390.2M | +19.3% |
| Q2 2025 | $260.9M | -8.0% |
| Q1 2025 | $199.3M | +27.4% |
| Q4 2024 | $983.6M | +214.3% |
| Q3 2024 | $327.1M | +43.2% |
| Q2 2024 | $283.5M | +26.9% |
Multi-year avg. share of annual revenue by fiscal quarter
HHH Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 23, 2026, Howard Hughes Holdings Inc. (HHH) generated trailing twelve-month (TTM) revenue of $1.51 billion, reflecting strong growth of +18.4% year-over-year. The most recent quarter (Q1 2026) recorded $235.9 million in revenue, down 62.2% sequentially.
Historical Growth Trajectory
HHH's 5-year compound annual growth rate (CAGR) stands at +16.1%, indicating consistent double-digit revenue growth. The 3-year CAGR of -0.3% is below the 5-year average, signalling a growth deceleration in recent years. Howard Hughes Holdings Inc.'s highest annual revenue of $1.75 billion was recorded in 2024.
Peer Comparison
Compared to Real Estate sector peers — including IRT (+3.2% YoY), FPH (-54.2% YoY), and ALX (-3.7% YoY) — HHH has outperformed the peer group in revenue growth. Compare HHH vs IRT →
HHH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HHHCurrent | $1.5B | +18.4% | +16.1% | 17.2% | |
 IRT | $658M | +3.2% | +25.4% | 18.4% | |
 FPH | $110M | -54.2% | -6.5% | -6.7% | |
 ALX | $213M | -3.7% | +1.4% | 30.6% | |
 FCPT | $294M | +10.2% | +11.5% | 55.7% | |
 SPG | $6.4B | +10.9% | +6.7% | 49.9% |
HHH Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.47B | -15.8% | $276.1M | 18.7% | $253.5M | 17.2% |
| 2024 | $1.75B | +70.9% | $732.0M | 41.8% | $559.9M | 32.0% |
| 2023 | $1.02B | -31.2% | $434.0M | 42.4% | $-528,212,000 | -51.6% |
| 2022 | $1.49B | +4.3% | $642.1M | 43.1% | $424.2M | 28.5% |
| 2021 | $1.43B | +104.1% | $510.7M | 35.8% | $241.9M | 16.9% |
| 2020 | $699.5M | -46.2% | $210.1M | 30.0% | $-119,561,000 | -17.1% |
| 2019 | $1.30B | +22.2% | $433.7M | 33.3% | $150.3M | 11.6% |
| 2018 | $1.06B | -3.2% | $345.0M | 32.4% | $106.8M | 10.0% |
| 2017 | $1.10B | +6.3% | $388.7M | 35.3% | $218.5M | 19.9% |
| 2016 | $1.04B | +29.8% | $398.6M | 38.5% | $326.8M | 31.6% |
| 2015 | $797.1M | +25.6% | $301.3M | 37.8% | $118.8M | 14.9% |
| 2014 | $634.6M | +33.7% | $268.2M | 42.3% | $166.7M | 26.3% |
| 2013 | $474.6M | +25.9% | $168.5M | 35.5% | $111.2M | 23.4% |
| 2012 | $376.9M | +36.7% | $132.5M | 35.2% | $72.5M | 19.2% |
| 2011 | $275.7M | +93.2% | $79.4M | 28.8% | $27.5M | 10.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HHH — Frequently Asked Questions
Quick answers to the most common questions about buying HHH stock.
Is HHH's revenue growth accelerating or slowing?
HHH revenue growth is accelerating. TTM revenue reached $1.5B, up +18.4% year-over-year — ahead of the 5-year CAGR of +16.1%. This indicates the business is expanding faster than its historical baseline.
What is HHH's revenue history from 2009 to 2026?
Howard Hughes Holdings Inc. (HHH) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $1.5B, growing at +18.4% YoY. The 5-year CAGR is +16.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HHH's long-term revenue growth rate (CAGR)?
Howard Hughes Holdings Inc.'s 5-year revenue CAGR of +16.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +18.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HHH.
Why does HHH's quarterly revenue fluctuate?
HHH quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Howard Hughes Holdings Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is HHH's revenue distributed by segment?
HHH reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HHH's revenue compare to industry peers?
Howard Hughes Holdings Inc. (HHH) with TTM revenue of $1.5B and +18.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.