Highwoods Properties, Inc. (HIW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
HIW Revenue Growth
Revenue Breakdown (FY 2025)
HIW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HIW Revenue Analysis (2014–2025)
As of May 8, 2026, Highwoods Properties, Inc. (HIW) generated trailing twelve-month (TTM) revenue of $819.8 million, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q1 2026) recorded $214.0 million in revenue, up 5.3% sequentially.
Looking at the longer-term picture, HIW's 5-year compound annual growth rate (CAGR) stands at +1.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $834.0 million in 2023.
Revenue diversification analysis shows HIW's business is primarily driven by Raleigh, NC (24%), Nashville, TN (21%), and Atlanta, GA (19%).
When compared to Real Estate sector peers including CUZ (+12.1% YoY), EGP (+12.2% YoY), and PDM (-25.7% YoY), HIW has underperformed the peer group in terms of revenue growth. Compare HIW vs CUZ →
HIW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HIWCurrent | $820M | +6.8% | +1.8% | 26.0% | |
 CUZ | $994M | +12.1% | +6.1% | 22.4% | |
 EGP | $721M | +12.2% | +14.7% | 39.9% | |
 PDM | $565M | -25.7% | +1.1% | 14.1% | |
 DEA | $336M | +11.9% | +6.5% | 24.9% | |
 VRE | $288M | +7.1% | -1.7% | 17.1% |
HIW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $806.1M | -2.4% | $544.7M | 67.6% | $209.5M | 26.0% |
| 2024 | $825.9M | -1.0% | $553.7M | 67.0% | $212.7M | 25.8% |
| 2023 | $834.0M | +0.6% | $565.2M | 67.8% | $222.9M | 26.7% |
| 2022 | $828.9M | +7.9% | $569.1M | 68.7% | $239.2M | 28.9% |
| 2021 | $768.0M | +4.2% | $531.6M | 69.2% | $231.8M | 30.2% |
| 2020 | $736.9M | +0.1% | $505.1M | 68.5% | $222.5M | 30.2% |
| 2019 | $736.0M | +2.2% | $487.5M | 66.2% | $188.9M | 25.7% |
| 2018 | $720.0M | +2.5% | $477.6M | 66.3% | $207.7M | 28.8% |
| 2017 | $702.7M | +5.6% | $465.8M | 66.3% | $198.4M | 28.2% |
| 2016 | $665.6M | +10.1% | $434.5M | 65.3% | $176.3M | 26.5% |
See HIW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs HIW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare HIW vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonHIW — Frequently Asked Questions
Quick answers to the most common questions about buying HIW stock.
Is HIW's revenue growth accelerating or slowing?
HIW maintains +6.8% revenue growth, in line with its 5-year CAGR of +1.8%. TTM revenue stands at $820M. Growth rate remains consistent with historical average.
What is HIW's long-term revenue growth rate?
Highwoods Properties, Inc.'s 5-year revenue CAGR of +1.8% reflects the sustained expansion pattern. Current YoY growth of +6.8% is near this long-term average.
How is HIW's revenue distributed by segment?
HIW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.