Howard Hughes Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,475	1,751	908.75	1,489	1,428
Revenue	1,475	1,751	908.75	1,489	1,428
Revenue Growth (YoY)	-15.75%	92.65%	-38.99%	4.31%	104.14%
Cost of Revenue	771.56	960.34	400.92	795.31	861.83
Gross Profit	703.33	790.35	507.83	694.19	566.07
Selling, General & Admin	122.24	91.75	86.67	81.77	81.99
Other Operating Expenses	76.14	71.28	63.13	62.62	77.58
Operating Expenses	381.84	343.33	315.77	299.62	364.21
Operating Income	321.49	447.01	192.06	394.56	201.86
Interest Expense	-169.93	-164.93	-157.58	-112.5	-130.04
Interest & Investment Income	47	25.35	25.5	3.82	0.11
Earnings From Equity Investments	1.77	-5.83	25.78	21.72	-9.85
Other Non Operating Income (Expenses)	-48.2	-48.65	-	-	-
EBT Excluding Unusual Items	152.13	252.96	85.76	307.6	62.08
Gain (Loss) on Sale of Assets	29.83	22.91	24.16	29.68	53.08
Asset Writedown	-	-	-	-	-13.07
Legal Settlements	-19.8	-	-	-	-
Other Unusual Items	-0.7	-0.47	-0.1	-2.38	-38.01
Pretax Income	161.46	365.4	109.83	334.91	64.08
Income Tax Expense	37.62	80.18	26.42	82.2	15.15
Earnings From Continuing Operations	123.84	285.22	83.41	252.71	48.92
Earnings From Discontinued Operations	-	-88.22	-634.94	-68.07	-
Net Income to Company	123.84	196.99	-551.53	184.64	48.92
Minority Interest in Earnings	0.05	0.71	-0.24	-0.1	7.18
Net Income	123.9	197.7	-551.77	184.53	56.1
Net Income to Common	123.9	197.7	-551.77	184.53	56.1
Net Income Growth	-37.33%	-	-	228.94%	-
Shares Outstanding (Basic)	56	50	50	51	55
Shares Outstanding (Diluted)	56	50	50	51	55
Shares Change (YoY)	12.29%	0.60%	-1.86%	-7.49%	4.05%
EPS (Basic)	2.22	3.98	-11.13	3.65	1.03
EPS (Diluted)	2.21	3.96	-11.13	3.65	1.03
EPS Growth	-44.23%	-	-	255.56%	-
Free Cash Flow	440.76	375.99	-271.72	323.25	-285.77
Free Cash Flow Per Share	7.86	7.53	-5.48	6.39	-5.23
Gross Margin	47.69%	45.15%	55.88%	46.61%	39.64%
Operating Margin	21.80%	25.53%	21.14%	26.49%	14.14%
Profit Margin	8.40%	11.29%	-60.72%	12.39%	3.93%
Free Cash Flow Margin	29.88%	21.48%	-29.90%	21.70%	-20.01%
EBITDA	505.09	627.13	361.02	549.38	407.01
EBITDA Margin	34.25%	35.82%	39.73%	36.88%	28.50%
D&A For EBITDA	183.6	180.12	168.96	154.82	205.15
EBIT	321.49	447.01	192.06	394.56	201.86
EBIT Margin	21.80%	25.53%	21.14%	26.49%	14.14%
Effective Tax Rate	23.30%	21.94%	24.05%	24.54%	23.65%
Revenue as Reported	1,475	1,751	908.75	1,489	1,428

Source: S&P Global Market Intelligence. Standard template. Financial Sources.