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Side-by-side financial comparison of CARTERS INC (CRI) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $624.4M, roughly 1.2× Howard Hughes Holdings Inc.). CARTERS INC runs the higher net margin — 1.5% vs 1.0%, a 0.6% gap on every dollar of revenue. On growth, CARTERS INC posted the faster year-over-year revenue change (-0.1% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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.
CRI vs HHH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $624.4M |
| Net Profit | $11.6M | $6.0M |
| Gross Margin | 45.1% | — |
| Operating Margin | 3.8% | 4.2% |
| Net Margin | 1.5% | 1.0% |
| Revenue YoY | -0.1% | -33.2% |
| Net Profit YoY | -80.1% | -96.2% |
| EPS (diluted) | $0.32 | $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 | — | $624.4M | ||
| Q3 25 | $757.8M | $390.2M | ||
| Q2 25 | $585.3M | $260.9M | ||
| Q1 25 | $629.8M | $199.3M | ||
| Q4 24 | — | $935.0M | ||
| Q3 24 | — | $327.1M | ||
| Q2 24 | — | $317.4M | ||
| Q1 24 | — | $171.1M |
| Q4 25 | — | $6.0M | ||
| Q3 25 | $11.6M | $119.5M | ||
| Q2 25 | $446.0K | $-12.1M | ||
| Q1 25 | $15.5M | $10.5M | ||
| Q4 24 | — | $156.3M | ||
| Q3 24 | — | $72.8M | ||
| Q2 24 | — | $21.1M | ||
| Q1 24 | — | $-52.5M |
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 3.8% | 48.6% | ||
| Q2 25 | 0.7% | 26.0% | ||
| Q1 25 | 4.1% | 24.0% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | -9.8% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.5% | 30.6% | ||
| Q2 25 | 0.1% | -4.7% | ||
| Q1 25 | 2.5% | 5.3% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | -30.7% |
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.32 | $2.02 | ||
| Q2 25 | $0.01 | $-0.22 | ||
| Q1 25 | $0.43 | $0.21 | ||
| Q4 24 | — | $3.14 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $-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 | $184.2M | $1.5B |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $864.6M | $3.8B |
| Total Assets | $2.5B | $10.6B |
| Debt / EquityLower = less leverage | — | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $184.2M | $1.5B | ||
| Q2 25 | $338.2M | $1.4B | ||
| Q1 25 | $320.8M | $493.7M | ||
| Q4 24 | — | $596.1M | ||
| Q3 24 | — | $400.7M | ||
| Q2 24 | — | $436.8M | ||
| Q1 24 | — | $462.7M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $3.8B | ||
| Q3 25 | $864.6M | $3.8B | ||
| Q2 25 | $853.9M | $3.6B | ||
| Q1 25 | $847.2M | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | — | $10.6B | ||
| Q3 25 | $2.5B | $10.7B | ||
| Q2 25 | $2.5B | $10.3B | ||
| Q1 25 | $2.3B | $9.3B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $9.9B | ||
| Q1 24 | — | $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 | $-128.0M | $360.3M |
| Free Cash FlowOCF − Capex | $-144.1M | $348.6M |
| FCF MarginFCF / Revenue | -19.0% | 55.8% |
| Capex IntensityCapex / Revenue | 2.1% | 1.9% |
| Cash ConversionOCF / Net Profit | -11.04× | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $360.3M | ||
| Q3 25 | $-128.0M | $149.8M | ||
| Q2 25 | $40.3M | $177.3M | ||
| Q1 25 | $-48.6M | $-224.9M | ||
| Q4 24 | — | $337.1M | ||
| Q3 24 | — | $248.3M | ||
| Q2 24 | — | $-17.5M | ||
| Q1 24 | — | $-171.2M |
| Q4 25 | — | $348.6M | ||
| Q3 25 | $-144.1M | $137.7M | ||
| Q2 25 | $24.1M | $169.7M | ||
| Q1 25 | $-59.0M | $-238.4M | ||
| Q4 24 | — | $317.1M | ||
| Q3 24 | — | $238.7M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | — | $-182.0M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | -19.0% | 35.3% | ||
| Q2 25 | 4.1% | 65.1% | ||
| Q1 25 | -9.4% | -119.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 73.0% | ||
| Q2 24 | — | -7.9% | ||
| Q1 24 | — | -106.4% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 2.1% | 3.1% | ||
| Q2 25 | 2.8% | 2.9% | ||
| Q1 25 | 1.6% | 6.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 6.3% |
| Q4 25 | — | 60.04× | ||
| Q3 25 | -11.04× | 1.25× | ||
| Q2 25 | 90.37× | — | ||
| Q1 25 | -3.13× | -21.35× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 3.41× | ||
| Q2 24 | — | -0.83× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
