HIW Highwoods Properties margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 77

Gross margin

67.2%

Operating margin

40.9%

EBITDA margin

77.7%

Net margin

22%

Based on the latest figures, Highwoods Properties reports a gross margin of 67.2%, an operating margin of 40.9%, an EBITDA margin of 77.7%, and a net margin of 22%. All measured margins increased year over year, led by operating margin with an increase of 7.9 percentage points.

HIW margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Highwoods Properties recorded average margins of 67.29% gross, 34.37% operating, 71.89% EBITDA, and 17.33% net. Right now, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

HIW margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 7.9 percentage points. The other available margins also improved.

Gross margin expansion

0.1pp

Operating margin expansion

7.9pp

EBITDA margin expansion

7.2pp

Net margin expansion

6.3pp

HIW Gross margin

Reviewing the last 3 years, Highwoods Properties recorded an average gross margin of 67.29%. Highwoods Properties's current gross margin is 67.2% and is 0.1 percentage points below its three-year average. The highest gross margin for Highwoods Properties was 67.8% in Dec 2023, while the lowest was 67% in Dec 2024.

HIW Operating margin

Across the last 3 years, Highwoods Properties recorded an average operating margin of 34.37%. The current operating margin stands at 40.9%, 6.5 percentage points above its three-year average. The highest operating margin for Highwoods Properties was 40.9% in Sep 2026, while the lowest was 28.4% in Dec 2024.

HIW EBITDA margin

Across the last 3 years, Highwoods Properties had an average EBITDA margin of 71.89%. Against its three-year average, Highwoods Properties's EBITDA margin is currently 77.7%, 5.8 percentage points above its three-year average. Looking back over the last 3 years, Highwoods Properties's EBITDA margin reached 77.7% at its highest point in Sep 2026 and 66.4% at its lowest in Dec 2024.

HIW Net margin

Across the last 3 years, Highwoods Properties's net margin stood at 17.33%. The current net margin stands at 22%, 4.7 percentage points above its three-year average. Net margin was highest at 22% in Sep 2026 and lowest at 11.4% in Mar 2026.

HIW margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 67.2%, HIW is above the Real Estate sector, the industry and its peers average. Compared to its Real Estate sector average of 62.7%, Highwoods Properties's gross margin is 7% higher.

HIW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Highwoods Properties's gross margin?

As of Sep 30, 2026, HIW has a gross margin of 67.2%.

What is Highwoods Properties's operating margin?

For the period ending Sep 30, 2026, HIW recorded an operating margin of 40.9%.

What is Highwoods Properties's EBITDA margin?

As of Sep 30, 2026, HIW has an EBITDA margin of 77.7%.

What is Highwoods Properties's net margin?

The current net margin for HIW is 22% as of Sep 30, 2026.

What are the average margins of HIW?

Over the past 3 years, HIW reported average margins of 67.3% gross, 34.4% operating, 71.9% EBITDA, and 17.3% net.

What are the highest historical margins of HIW?

Over the last 5 years, Highwoods Properties's highest margins were 69.4% gross in Jun 2022, 52.8% operating in Dec 2021, 85.7% EBITDA in Dec 2021, and 40.8% net in Dec 2021.

What are the lowest historical margins of HIW?

Looking back across 5 years, HIW reached its lowest margins at 67% gross in Dec 2024, 28.4% operating in Dec 2024, 66.4% EBITDA in Dec 2024, and 11.4% net in Mar 2026.