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Side-by-side financial comparison of F5, Inc. (FFIV) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.

F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $624.4M, roughly 1.3× Howard Hughes Holdings Inc.). F5, Inc. runs the higher net margin — 18.2% vs 1.0%, a 17.3% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs -33.2%). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 8.0%).

F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.

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.

FFIV vs HHH — Head-to-Head

Bigger by revenue
FFIV
FFIV
1.3× larger
FFIV
$811.7M
$624.4M
HHH
Growing faster (revenue YoY)
FFIV
FFIV
+44.2% gap
FFIV
11.0%
-33.2%
HHH
Higher net margin
FFIV
FFIV
17.3% more per $
FFIV
18.2%
1.0%
HHH
Faster 2-yr revenue CAGR
HHH
HHH
Annualised
HHH
91.0%
8.0%
FFIV

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FFIV
FFIV
HHH
HHH
Revenue
$811.7M
$624.4M
Net Profit
$148.0M
$6.0M
Gross Margin
81.4%
Operating Margin
22.1%
4.2%
Net Margin
18.2%
1.0%
Revenue YoY
11.0%
-33.2%
Net Profit YoY
1.5%
-96.2%
EPS (diluted)
$2.58
$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.

Revenue
FFIV
FFIV
HHH
HHH
Q1 26
$811.7M
Q4 25
$822.5M
$624.4M
Q3 25
$810.1M
$390.2M
Q2 25
$780.4M
$260.9M
Q1 25
$731.1M
$199.3M
Q4 24
$766.5M
$935.0M
Q3 24
$746.7M
$327.1M
Q2 24
$695.5M
$317.4M
Net Profit
FFIV
FFIV
HHH
HHH
Q1 26
$148.0M
Q4 25
$180.1M
$6.0M
Q3 25
$190.5M
$119.5M
Q2 25
$189.9M
$-12.1M
Q1 25
$145.5M
$10.5M
Q4 24
$166.4M
$156.3M
Q3 24
$165.3M
$72.8M
Q2 24
$144.1M
$21.1M
Gross Margin
FFIV
FFIV
HHH
HHH
Q1 26
81.4%
Q4 25
81.5%
Q3 25
82.2%
Q2 25
81.0%
Q1 25
80.7%
Q4 24
81.7%
Q3 24
80.8%
Q2 24
80.4%
Operating Margin
FFIV
FFIV
HHH
HHH
Q1 26
22.1%
Q4 25
26.0%
4.2%
Q3 25
25.4%
48.6%
Q2 25
25.2%
26.0%
Q1 25
21.7%
24.0%
Q4 24
26.8%
33.5%
Q3 24
25.6%
60.6%
Q2 24
23.4%
20.4%
Net Margin
FFIV
FFIV
HHH
HHH
Q1 26
18.2%
Q4 25
21.9%
1.0%
Q3 25
23.5%
30.6%
Q2 25
24.3%
-4.7%
Q1 25
19.9%
5.3%
Q4 24
21.7%
16.7%
Q3 24
22.1%
22.2%
Q2 24
20.7%
6.6%
EPS (diluted)
FFIV
FFIV
HHH
HHH
Q1 26
$2.58
Q4 25
$3.10
$0.20
Q3 25
$3.25
$2.02
Q2 25
$3.25
$-0.22
Q1 25
$2.48
$0.21
Q4 24
$2.82
$3.14
Q3 24
$2.79
$1.46
Q2 24
$2.44
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFIV
FFIV
HHH
HHH
Cash + ST InvestmentsLiquidity on hand
$1.4B
$1.5B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$3.6B
$3.8B
Total Assets
$6.5B
$10.6B
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIV
FFIV
HHH
HHH
Q1 26
$1.4B
Q4 25
$1.2B
$1.5B
Q3 25
$1.3B
$1.5B
Q2 25
$1.4B
$1.4B
Q1 25
$1.3B
$493.7M
Q4 24
$1.2B
$596.1M
Q3 24
$1.1B
$400.7M
Q2 24
$935.6M
$436.8M
Total Debt
FFIV
FFIV
HHH
HHH
Q1 26
Q4 25
$5.1B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Stockholders' Equity
FFIV
FFIV
HHH
HHH
Q1 26
$3.6B
Q4 25
$3.5B
$3.8B
Q3 25
$3.6B
$3.8B
Q2 25
$3.5B
$3.6B
Q1 25
$3.3B
$2.8B
Q4 24
$3.2B
$2.8B
Q3 24
$3.1B
$2.6B
Q2 24
$3.0B
$3.0B
Total Assets
FFIV
FFIV
HHH
HHH
Q1 26
$6.5B
Q4 25
$6.3B
$10.6B
Q3 25
$6.3B
$10.7B
Q2 25
$6.1B
$10.3B
Q1 25
$5.9B
$9.3B
Q4 24
$5.9B
$9.2B
Q3 24
$5.6B
$9.4B
Q2 24
$5.4B
$9.9B
Debt / Equity
FFIV
FFIV
HHH
HHH
Q1 26
Q4 25
1.35×
Q3 25
Q2 25
Q1 25
Q4 24
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
FFIV
FFIV
HHH
HHH
Operating Cash FlowLast quarter
$525.1M
$360.3M
Free Cash FlowOCF − Capex
$348.6M
FCF MarginFCF / Revenue
55.8%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
3.55×
60.04×
TTM Free Cash FlowTrailing 4 quarters
$417.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIV
FFIV
HHH
HHH
Q1 26
$525.1M
Q4 25
$159.2M
$360.3M
Q3 25
$208.1M
$149.8M
Q2 25
$282.2M
$177.3M
Q1 25
$256.6M
$-224.9M
Q4 24
$202.8M
$337.1M
Q3 24
$246.5M
$248.3M
Q2 24
$159.0M
$-17.5M
Free Cash Flow
FFIV
FFIV
HHH
HHH
Q1 26
Q4 25
$149.5M
$348.6M
Q3 25
$191.9M
$137.7M
Q2 25
$273.7M
$169.7M
Q1 25
$246.1M
$-238.4M
Q4 24
$194.7M
$317.1M
Q3 24
$240.4M
$238.7M
Q2 24
$153.1M
$-25.1M
FCF Margin
FFIV
FFIV
HHH
HHH
Q1 26
Q4 25
18.2%
55.8%
Q3 25
23.7%
35.3%
Q2 25
35.1%
65.1%
Q1 25
33.7%
-119.6%
Q4 24
25.4%
33.9%
Q3 24
32.2%
73.0%
Q2 24
22.0%
-7.9%
Capex Intensity
FFIV
FFIV
HHH
HHH
Q1 26
Q4 25
1.2%
1.9%
Q3 25
2.0%
3.1%
Q2 25
1.1%
2.9%
Q1 25
1.4%
6.8%
Q4 24
1.1%
2.1%
Q3 24
0.8%
2.9%
Q2 24
0.8%
2.4%
Cash Conversion
FFIV
FFIV
HHH
HHH
Q1 26
3.55×
Q4 25
0.88×
60.04×
Q3 25
1.09×
1.25×
Q2 25
1.49×
Q1 25
1.76×
-21.35×
Q4 24
1.22×
2.16×
Q3 24
1.49×
3.41×
Q2 24
1.10×
-0.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFIV
FFIV

Segment breakdown not available.

HHH
HHH

Transferred At Point In Time$499.8M80%
Operating Assets Segment$117.9M19%
Builder Price Participation$12.9M2%

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