Highwoods Properties, Inc. (HIW) Earnings History
Turnaround32 years of earnings data (1994–2025) · Recovering earnings after a multi-year decline
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Highwoods Properties, Inc. (HIW) Earnings Overview
As of June 22, 2026, Highwoods Properties, Inc. (HIW) reported trailing twelve-month net income of $93M, reflecting +54.3% year-over-year growth. The company earned $0.83 per diluted share over the past four quarters, with a net profit margin of 19.8%.
Looking at the long-term picture, HIW's 5-year EPS compound annual growth rate (CAGR) stands at -15.3%, signaling declining earnings. The company achieved its highest annual net income of $524M in fiscal 2016.
Highwoods Properties, Inc. maintains industry-leading profitability with a gross margin of 67.6%, operating margin of 26.0%, and net margin of 19.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CUZ (-$5M net income, 4.1% margin), EGP ($293M net income, 35.7% margin), PDM (-$86M net income, -14.8% margin), HIW has outperformed on profitability metrics. Compare HIW vs CUZ →
HIW Earnings vs Peers
Earnings metrics vs comparable public companies
HIW Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $160M | +56.1% | $209M | $1.45 | 19.8% | 26.0% |
| 2024 | $102M | -31.2% | $213M | $0.94 | 12.4% | 25.8% |
| 2023 | $149M | -6.5% | $223M | $1.39 | 17.8% | 26.7% |
| 2022 | $159M | -49.2% | $239M | $1.49 | 19.2% | 28.9% |
| 2021 | $313M | -9.8% | $232M | $2.98 | 40.8% | 30.2% |
| 2020 | $347M | +153.7% | $222M | $3.32 | 47.1% | 30.2% |
| 2019 | $137M | -20.3% | $189M | $0.51 | 18.6% | 25.7% |
| 2018 | $172M | -7.3% | $208M | $1.62 | 23.9% | 28.8% |
| 2017 | $185M | -64.6% | $198M | $1.78 | 26.4% | 28.2% |
| 2016 | $524M | +440.1% | $176M | $5.30 | 78.8% | 26.5% |
| 2015 | $97M | -12.5% | $149M | $1.00 | 16.1% | 24.7% |
| 2014 | $111M | -11.6% | $151M | $1.19 | 18.2% | 24.8% |
| 2013 | $125M | +57.6% | $53M | $1.44 | 22.5% | 9.6% |
| 2012 | $80M | +76.4% | $46M | $1.02 | 15.4% | 9.0% |
| 2011 | $45M | -34.1% | $39M | $0.54 | 9.3% | 8.1% |
| 2010 | $68M | +17.1% | $130M | $0.86 | 14.8% | 28.1% |
| 2009 | $58M | +82.8% | $35M | $0.76 | 12.9% | 7.7% |
| 2008 | $32M | -64.7% | $130M | $0.37 | 6.9% | 28.3% |
| 2007 | $91M | +68.8% | $115M | $1.31 | 20.8% | 26.4% |
| 2006 | $54M | -14.0% | $108M | $0.62 | 12.9% | 26.0% |
| 2005 | $62M | +50.2% | $109M | $0.58 | 15.2% | 26.5% |
| 2004 | $42M | -25.3% | $121M | $0.20 | 8.9% | 26.0% |
| 2003 | $56M | -40.4% | $121M | $0.22 | 13.2% | 28.6% |
| 2002 | $93M | -28.8% | $157M | $0.93 | 20.6% | 34.5% |
| 2001 | $131M | -1.7% | $265M | $1.46 | 24.3% | 48.9% |
| 2000 | $133M | -3.3% | $287M | $1.50 | 23.6% | 50.7% |
| 1999 | $138M | +9.9% | $299M | $1.71 | 23.6% | 51.0% |
| 1998 | $126M | +75.3% | $268M | $1.74 | 24.4% | 52.2% |
| 1997 | $72M | +82.3% | $150M | $1.50 | 26.1% | 54.7% |
| 1996 | $39M | +70.2% | $81M | $1.51 | 28.5% | 58.4% |
| 1995 | $23M | +312.5% | $102M | $1.48 | 31.4% | 138.2% |
| 1994 | $6M | - | $27M | $0.63 | 28.9% | 139.7% |
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HIW — Frequently Asked Questions
Quick answers to the most common questions about buying HIW stock.
What is HIW earnings per share (EPS)?
HIW trailing twelve-month (TTM) diluted EPS is $0.83, reflecting +54.3% year-over-year growth. The 5-year EPS CAGR is -15.3%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Highwoods Properties, Inc.'s net income?
Highwoods Properties, Inc. (HIW) trailing twelve-month net income is $93M as of 2025. Earnings grew +54.3% year-over-year. Highwoods Properties, Inc. has been profitable for 32 consecutive years.
Is HIW profitable?
Yes, HIW is profitable with a TTM net income of $93M and a net profit margin of +19.8%. Highwoods Properties, Inc. has generated profits for 32 consecutive years.
What is HIW's earnings growth rate?
HIW compound annual EPS growth rates (CAGR): 1-Year: +54.3%, 3-Year: -0.9%, 5-Year: -15.3%, 10-Year: +3.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are HIW's profit margins?
Highwoods Properties, Inc. net profit margin is +19.8%, operating margin is +26.0%, and gross margin is +67.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +6.6%.
Is HIW growing earnings?
Yes, HIW earnings are accelerating — EPS growth of +54.3% exceeds the 5-year CAGR of -15.3%. TTM net income reached $93M. Earnings momentum is strengthening.
What was HIW's best earnings year?
Highwoods Properties, Inc.'s highest annual net income on record is $524M, achieved in fiscal year 2016. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were HIW's earnings last quarter?
HIW's most recent reported quarter was Q1 2026. Net income was $32M with diluted EPS of $0.29. For a full breakdown of all quarters, see the quarterly earnings table on this page.