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Side-by-side financial comparison of A. O. Smith (AOS) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
A. O. Smith is the larger business by last-quarter revenue ($945.6M vs $624.4M, roughly 1.5× Howard Hughes Holdings Inc.). A. O. Smith runs the higher net margin — 12.5% vs 1.0%, a 11.5% gap on every dollar of revenue. On growth, A. O. Smith posted the faster year-over-year revenue change (-2.0% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $118.9M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs -3.9%).
A. O. Smith Corporation is an American manufacturer of both residential and commercial water heaters and boilers, and the largest manufacturer and marketer of water heaters in North America. It also supplies water treatment and purification products in the Asian market. The company has 27 locations worldwide, including five manufacturing facilities in North America, as well as plants in Bengaluru in India, Nanjing in China and Veldhoven in The Netherlands.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
AOS vs HHH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $945.6M | $624.4M |
| Net Profit | $118.0M | $6.0M |
| Gross Margin | 38.7% | — |
| Operating Margin | — | 4.2% |
| Net Margin | 12.5% | 1.0% |
| Revenue YoY | -2.0% | -33.2% |
| Net Profit YoY | -14.0% | -96.2% |
| EPS (diluted) | $0.85 | $0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $624.4M | ||
| Q3 25 | $942.5M | $390.2M | ||
| Q2 25 | $1.0B | $260.9M | ||
| Q1 25 | $963.9M | $199.3M | ||
| Q4 24 | $912.4M | $935.0M | ||
| Q3 24 | $902.6M | $327.1M | ||
| Q2 24 | $1.0B | $317.4M |
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $6.0M | ||
| Q3 25 | $132.0M | $119.5M | ||
| Q2 25 | $152.2M | $-12.1M | ||
| Q1 25 | $136.6M | $10.5M | ||
| Q4 24 | $109.7M | $156.3M | ||
| Q3 24 | $120.1M | $72.8M | ||
| Q2 24 | $156.2M | $21.1M |
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 4.2% | ||
| Q3 25 | 18.6% | 48.6% | ||
| Q2 25 | 20.4% | 26.0% | ||
| Q1 25 | 19.1% | 24.0% | ||
| Q4 24 | 10.1% | 33.5% | ||
| Q3 24 | 19.5% | 60.6% | ||
| Q2 24 | 21.9% | 20.4% |
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 1.0% | ||
| Q3 25 | 14.0% | 30.6% | ||
| Q2 25 | 15.0% | -4.7% | ||
| Q1 25 | 14.2% | 5.3% | ||
| Q4 24 | 12.0% | 16.7% | ||
| Q3 24 | 13.3% | 22.2% | ||
| Q2 24 | 15.2% | 6.6% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.20 | ||
| Q3 25 | $0.94 | $2.02 | ||
| Q2 25 | $1.07 | $-0.22 | ||
| Q1 25 | $0.95 | $0.21 | ||
| Q4 24 | $0.75 | $3.14 | ||
| Q3 24 | $0.82 | $1.46 | ||
| Q2 24 | $1.06 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $185.2M | $1.5B |
| Total DebtLower is stronger | $574.2M | $5.1B |
| Stockholders' EquityBook value | $1.9B | $3.8B |
| Total Assets | $3.7B | $10.6B |
| Debt / EquityLower = less leverage | 0.31× | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $1.5B | ||
| Q3 25 | $172.8M | $1.5B | ||
| Q2 25 | $177.9M | $1.4B | ||
| Q1 25 | $200.2M | $493.7M | ||
| Q4 24 | $276.1M | $596.1M | ||
| Q3 24 | $255.6M | $400.7M | ||
| Q2 24 | $233.3M | $436.8M |
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $1.8B | $3.8B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.9B | $2.6B | ||
| Q2 24 | $1.9B | $3.0B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $10.6B | ||
| Q3 25 | $3.2B | $10.7B | ||
| Q2 25 | $3.2B | $10.3B | ||
| Q1 25 | $3.3B | $9.3B | ||
| Q4 24 | $3.2B | $9.2B | ||
| Q3 24 | $3.2B | $9.4B | ||
| Q2 24 | $3.2B | $9.9B |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $360.3M |
| Free Cash FlowOCF − Capex | $118.9M | $348.6M |
| FCF MarginFCF / Revenue | 12.6% | 55.8% |
| Capex IntensityCapex / Revenue | 1.1% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | $647.5M | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $360.3M | ||
| Q3 25 | $255.4M | $149.8M | ||
| Q2 25 | $139.6M | $177.3M | ||
| Q1 25 | $38.7M | $-224.9M | ||
| Q4 24 | $221.9M | $337.1M | ||
| Q3 24 | $195.9M | $248.3M | ||
| Q2 24 | $57.4M | $-17.5M |
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $348.6M | ||
| Q3 25 | $240.6M | $137.7M | ||
| Q2 25 | $122.5M | $169.7M | ||
| Q1 25 | $17.4M | $-238.4M | ||
| Q4 24 | $191.3M | $317.1M | ||
| Q3 24 | $163.4M | $238.7M | ||
| Q2 24 | $34.5M | $-25.1M |
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 55.8% | ||
| Q3 25 | 25.5% | 35.3% | ||
| Q2 25 | 12.1% | 65.1% | ||
| Q1 25 | 1.8% | -119.6% | ||
| Q4 24 | 21.0% | 33.9% | ||
| Q3 24 | 18.1% | 73.0% | ||
| Q2 24 | 3.4% | -7.9% |
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 1.9% | ||
| Q3 25 | 1.6% | 3.1% | ||
| Q2 25 | 1.7% | 2.9% | ||
| Q1 25 | 2.2% | 6.8% | ||
| Q4 24 | 3.4% | 2.1% | ||
| Q3 24 | 3.6% | 2.9% | ||
| Q2 24 | 2.2% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 60.04× | ||
| Q3 25 | 1.93× | 1.25× | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | -21.35× | ||
| Q4 24 | 2.02× | 2.16× | ||
| Q3 24 | 1.63× | 3.41× | ||
| Q2 24 | 0.37× | -0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOS
Segment breakdown not available.
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
