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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $364.8M, roughly 1.7× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs 1.0%, a 3.2% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $-8.8M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs HHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $624.4M |
| Net Profit | $15.1M | $6.0M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | 4.2% |
| Net Margin | 4.1% | 1.0% |
| Revenue YoY | 5.1% | -33.2% |
| Net Profit YoY | -29.1% | -96.2% |
| EPS (diluted) | $0.11 | $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.
| Q4 25 | $364.8M | $624.4M | ||
| Q3 25 | $344.6M | $390.2M | ||
| Q2 25 | $358.4M | $260.9M | ||
| Q1 25 | $311.4M | $199.3M | ||
| Q4 24 | $347.0M | $935.0M | ||
| Q3 24 | $319.1M | $327.1M | ||
| Q2 24 | $309.8M | $317.4M | ||
| Q1 24 | $295.2M | $171.1M |
| Q4 25 | $15.1M | $6.0M | ||
| Q3 25 | $12.2M | $119.5M | ||
| Q2 25 | $35.1M | $-12.1M | ||
| Q1 25 | $4.9M | $10.5M | ||
| Q4 24 | $21.3M | $156.3M | ||
| Q3 24 | $9.9M | $72.8M | ||
| Q2 24 | $22.2M | $21.1M | ||
| Q1 24 | $15.1M | $-52.5M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | 4.2% | ||
| Q3 25 | 4.8% | 48.6% | ||
| Q2 25 | 13.0% | 26.0% | ||
| Q1 25 | 1.7% | 24.0% | ||
| Q4 24 | 8.2% | 33.5% | ||
| Q3 24 | 3.3% | 60.6% | ||
| Q2 24 | 9.5% | 20.4% | ||
| Q1 24 | 6.2% | -9.8% |
| Q4 25 | 4.1% | 1.0% | ||
| Q3 25 | 3.5% | 30.6% | ||
| Q2 25 | 9.8% | -4.7% | ||
| Q1 25 | 1.6% | 5.3% | ||
| Q4 24 | 6.1% | 16.7% | ||
| Q3 24 | 3.1% | 22.2% | ||
| Q2 24 | 7.2% | 6.6% | ||
| Q1 24 | 5.1% | -30.7% |
| Q4 25 | $0.11 | $0.20 | ||
| Q3 25 | $0.09 | $2.02 | ||
| Q2 25 | $0.25 | $-0.22 | ||
| Q1 25 | $0.03 | $0.21 | ||
| Q4 24 | $0.15 | $3.14 | ||
| Q3 24 | $0.07 | $1.46 | ||
| Q2 24 | $0.16 | $0.42 | ||
| Q1 24 | $0.11 | $-1.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $1.5B |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $418.2M | $3.8B |
| Total Assets | $1.4B | $10.6B |
| Debt / EquityLower = less leverage | — | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $1.5B | ||
| Q3 25 | $262.2M | $1.5B | ||
| Q2 25 | $234.8M | $1.4B | ||
| Q1 25 | $214.4M | $493.7M | ||
| Q4 24 | $197.5M | $596.1M | ||
| Q3 24 | $177.7M | $400.7M | ||
| Q2 24 | $174.2M | $436.8M | ||
| Q1 24 | $233.2M | $462.7M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $418.2M | $3.8B | ||
| Q3 25 | $400.4M | $3.8B | ||
| Q2 25 | $385.6M | $3.6B | ||
| Q1 25 | $348.8M | $2.8B | ||
| Q4 24 | $343.7M | $2.8B | ||
| Q3 24 | $320.6M | $2.6B | ||
| Q2 24 | $309.3M | $3.0B | ||
| Q1 24 | $285.6M | $2.9B |
| Q4 25 | $1.4B | $10.6B | ||
| Q3 25 | $1.4B | $10.7B | ||
| Q2 25 | $1.3B | $10.3B | ||
| Q1 25 | $1.3B | $9.3B | ||
| Q4 24 | $1.2B | $9.2B | ||
| Q3 24 | $1.2B | $9.4B | ||
| Q2 24 | $1.2B | $9.9B | ||
| Q1 24 | $1.2B | $9.6B |
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $9.3M | $360.3M |
| Free Cash FlowOCF − Capex | $-8.8M | $348.6M |
| FCF MarginFCF / Revenue | -2.4% | 55.8% |
| Capex IntensityCapex / Revenue | 5.0% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.62× | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $360.3M | ||
| Q3 25 | $46.1M | $149.8M | ||
| Q2 25 | $34.9M | $177.3M | ||
| Q1 25 | $46.5M | $-224.9M | ||
| Q4 24 | $31.7M | $337.1M | ||
| Q3 24 | $31.1M | $248.3M | ||
| Q2 24 | $47.5M | $-17.5M | ||
| Q1 24 | $36.8M | $-171.2M |
| Q4 25 | $-8.8M | $348.6M | ||
| Q3 25 | $28.0M | $137.7M | ||
| Q2 25 | $20.9M | $169.7M | ||
| Q1 25 | $18.9M | $-238.4M | ||
| Q4 24 | $13.0M | $317.1M | ||
| Q3 24 | $4.6M | $238.7M | ||
| Q2 24 | $11.3M | $-25.1M | ||
| Q1 24 | $10.9M | $-182.0M |
| Q4 25 | -2.4% | 55.8% | ||
| Q3 25 | 8.1% | 35.3% | ||
| Q2 25 | 5.8% | 65.1% | ||
| Q1 25 | 6.1% | -119.6% | ||
| Q4 24 | 3.7% | 33.9% | ||
| Q3 24 | 1.4% | 73.0% | ||
| Q2 24 | 3.6% | -7.9% | ||
| Q1 24 | 3.7% | -106.4% |
| Q4 25 | 5.0% | 1.9% | ||
| Q3 25 | 5.3% | 3.1% | ||
| Q2 25 | 3.9% | 2.9% | ||
| Q1 25 | 8.9% | 6.8% | ||
| Q4 24 | 5.4% | 2.1% | ||
| Q3 24 | 8.3% | 2.9% | ||
| Q2 24 | 11.7% | 2.4% | ||
| Q1 24 | 8.8% | 6.3% |
| Q4 25 | 0.62× | 60.04× | ||
| Q3 25 | 3.77× | 1.25× | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | -21.35× | ||
| Q4 24 | 1.49× | 2.16× | ||
| Q3 24 | 3.14× | 3.41× | ||
| Q2 24 | 2.14× | -0.83× | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
