HHH Howard Hughes margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 41

Gross margin

36%

Operating margin

16.1%

EBITDA margin

26.6%

Net margin

6.5%

The Howard Hughes shows a gross margin of 36%, an operating margin of 16.1%, an EBITDA margin of 26.6%, and a net margin of 6.5%. All reported margins declined year over year, led by EBITDA margin with a decline of 13.1 percentage points.

HHH margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Howard Hughes's margins averaged 44.73% gross, 22.95% operating, 21.05% EBITDA, and -6.93% net. Currently, EBITDA and net margins are above their three-year averages, while gross and operating margins are below their three-year averages.

HHH margin expansion

Year-over-year margin changes in percentage points

EBITDA margin led the decline, falling by 13.1 percentage points, while the other available margins also decreased.

Gross margin expansion

-8.9pp

Operating margin expansion

-12.2pp

EBITDA margin expansion

-13.1pp

Net margin expansion

-8.5pp

HHH Gross margin

Across the last 3 years, Howard Hughes had an average gross margin of 44.73%. At present, the current gross margin for Howard Hughes is 36%, 8.7 percentage points below its three-year average. Looking back over the last 3 years, Howard Hughes's gross margin reached 54.3% at its highest point in Sep 2024 and 36% at its lowest in Sep 2026.

HHH Operating margin

Throughout the last 3 years, Howard Hughes had an average operating margin of 22.95%. The current operating margin stands at 16.1%, 6.9 percentage points below its three-year average. Looking back over the last 3 years, Howard Hughes's operating margin reached 28.3% at its highest point in Sep 2025 and 16.1% at its lowest in Sep 2026.

HHH EBITDA margin

Reviewing the last 3 years, Howard Hughes recorded an average EBITDA margin of 21.05%. Howard Hughes's current EBITDA margin is 26.6% and is 5.6 percentage points above its three-year average. The highest EBITDA margin for Howard Hughes was 42.3% in Sep 2024, while the lowest was -27.9% in Mar 2024.

HHH Net margin

Howard Hughes's net margin averaged -6.93% during the last 3 years. Against its three-year average, Howard Hughes's net margin is currently 6.5%, 13.4 percentage points above its three-year average. Over the last 3 years, Howard Hughes's net margin peaked at 15% in Sep 2025 and reached a low of -63.1% in Mar 2024.

HHH margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 36%, HHH is below the Real Estate sector average. Compared to its Real Estate sector average of 60.8%, Howard Hughes's gross margin is 41% lower.

HHH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Howard Hughes's gross margin?

As of Sep 30, 2026, HHH has a gross margin of 36%.

What is Howard Hughes's operating margin?

For the period ending Sep 30, 2026, HHH recorded an operating margin of 16.1%.

What is Howard Hughes's EBITDA margin?

As of Sep 30, 2026, HHH has an EBITDA margin of 26.6%.

What is Howard Hughes's net margin?

For the period ending Sep 30, 2026, HHH recorded a net margin of 6.5%.

What are the average margins of HHH?

Looking back over 3 years, HHH recorded average margins of 44.7% gross, 23.0% operating, 21.1% EBITDA, and -6.9% net.

What are the highest historical margins of HHH?

Looking back across 5 years, HHH reached 54.3% gross in Sep 2024, 28.3% operating in Sep 2025, 42.3% EBITDA in Sep 2024, and 15% net in Sep 2025.

What are the lowest historical margins of HHH?

Looking back across 5 years, HHH reached its lowest margins at 35.8% gross in Dec 2021, 14.9% operating in Dec 2021, -27.9% EBITDA in Mar 2024, and -63.1% net in Mar 2024.