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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 ($235.9M vs $173.0M, roughly 1.4× Fastly, Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -11.9%, a 15.3% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs 18.4%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (14.3% CAGR vs -13.8%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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.
FSLY vs HHH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.0M | $235.9M |
| Net Profit | $-20.5M | $8.1M |
| Gross Margin | 62.5% | — |
| Operating Margin | 23.7% | 121.6% |
| Net Margin | -11.9% | 3.4% |
| Revenue YoY | 19.8% | 18.4% |
| Net Profit YoY | 47.6% | -25.6% |
| EPS (diluted) | $-0.13 | $0.14 |
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 | $173.0M | $235.9M | ||
| Q4 25 | $172.6M | $624.4M | ||
| Q3 25 | $158.2M | $390.2M | ||
| Q2 25 | $148.7M | $260.9M | ||
| Q1 25 | $144.5M | $199.3M | ||
| Q4 24 | $140.6M | $935.0M | ||
| Q3 24 | $137.2M | $327.1M | ||
| Q2 24 | $132.4M | $317.4M |
| Q1 26 | $-20.5M | $8.1M | ||
| Q4 25 | $-15.5M | $6.0M | ||
| Q3 25 | $-29.5M | $119.5M | ||
| Q2 25 | $-37.5M | $-12.1M | ||
| Q1 25 | $-39.1M | $10.5M | ||
| Q4 24 | $-32.9M | $156.3M | ||
| Q3 24 | $-38.0M | $72.8M | ||
| Q2 24 | $-43.7M | $21.1M |
| Q1 26 | 62.5% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — |
| Q1 26 | 23.7% | 121.6% | ||
| Q4 25 | -8.7% | 4.2% | ||
| Q3 25 | -18.2% | 48.6% | ||
| Q2 25 | -24.8% | 26.0% | ||
| Q1 25 | -26.4% | 24.0% | ||
| Q4 24 | -24.4% | 33.5% | ||
| Q3 24 | -29.6% | 60.6% | ||
| Q2 24 | -35.3% | 20.4% |
| Q1 26 | -11.9% | 3.4% | ||
| Q4 25 | -9.0% | 1.0% | ||
| Q3 25 | -18.6% | 30.6% | ||
| Q2 25 | -25.2% | -4.7% | ||
| Q1 25 | -27.1% | 5.3% | ||
| Q4 24 | -23.4% | 16.7% | ||
| Q3 24 | -27.7% | 22.2% | ||
| Q2 24 | -33.0% | 6.6% |
| Q1 26 | $-0.13 | $0.14 | ||
| Q4 25 | $-0.10 | $0.20 | ||
| Q3 25 | $-0.20 | $2.02 | ||
| Q2 25 | $-0.26 | $-0.22 | ||
| Q1 25 | $-0.27 | $0.21 | ||
| Q4 24 | $-0.23 | $3.14 | ||
| Q3 24 | $-0.27 | $1.46 | ||
| Q2 24 | $-0.32 | $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 | $146.7M | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $977.1M | $3.8B |
| Total Assets | $1.5B | $11.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $146.7M | $1.8B | ||
| Q4 25 | $361.8M | $1.5B | ||
| Q3 25 | $342.9M | $1.5B | ||
| Q2 25 | $321.2M | $1.4B | ||
| Q1 25 | $307.3M | $493.7M | ||
| Q4 24 | $295.9M | $596.1M | ||
| Q3 24 | $308.2M | $400.7M | ||
| Q2 24 | $311.8M | $436.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $977.1M | $3.8B | ||
| Q4 25 | $929.6M | $3.8B | ||
| Q3 25 | $937.0M | $3.8B | ||
| Q2 25 | $942.6M | $3.6B | ||
| Q1 25 | $957.0M | $2.8B | ||
| Q4 24 | $965.3M | $2.8B | ||
| Q3 24 | $969.5M | $2.6B | ||
| Q2 24 | $981.2M | $3.0B |
| Q1 26 | $1.5B | $11.2B | ||
| Q4 25 | $1.5B | $10.6B | ||
| Q3 25 | $1.5B | $10.7B | ||
| Q2 25 | $1.5B | $10.3B | ||
| Q1 25 | $1.4B | $9.3B | ||
| Q4 24 | $1.5B | $9.2B | ||
| Q3 24 | $1.5B | $9.4B | ||
| Q2 24 | $1.5B | $9.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | — |
| Free Cash FlowOCF − Capex | $4.1M | — |
| FCF MarginFCF / Revenue | 2.4% | — |
| Capex IntensityCapex / Revenue | 14.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $55.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.9M | — | ||
| Q4 25 | $22.4M | $360.3M | ||
| Q3 25 | $28.9M | $149.8M | ||
| Q2 25 | $25.8M | $177.3M | ||
| Q1 25 | $17.3M | $-224.9M | ||
| Q4 24 | $5.2M | $337.1M | ||
| Q3 24 | $5.0M | $248.3M | ||
| Q2 24 | $-4.9M | $-17.5M |
| Q1 26 | $4.1M | — | ||
| Q4 25 | $12.2M | $348.6M | ||
| Q3 25 | $22.9M | $137.7M | ||
| Q2 25 | $15.9M | $169.7M | ||
| Q1 25 | $14.7M | $-238.4M | ||
| Q4 24 | $251.0K | $317.1M | ||
| Q3 24 | $3.0M | $238.7M | ||
| Q2 24 | $-6.7M | $-25.1M |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 7.1% | 55.8% | ||
| Q3 25 | 14.5% | 35.3% | ||
| Q2 25 | 10.7% | 65.1% | ||
| Q1 25 | 10.2% | -119.6% | ||
| Q4 24 | 0.2% | 33.9% | ||
| Q3 24 | 2.2% | 73.0% | ||
| Q2 24 | -5.1% | -7.9% |
| Q1 26 | 14.3% | — | ||
| Q4 25 | 5.9% | 1.9% | ||
| Q3 25 | 3.8% | 3.1% | ||
| Q2 25 | 6.6% | 2.9% | ||
| Q1 25 | 1.8% | 6.8% | ||
| Q4 24 | 3.5% | 2.1% | ||
| Q3 24 | 1.5% | 2.9% | ||
| Q2 24 | 1.3% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 60.04× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.35× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 3.41× | ||
| Q2 24 | — | -0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $126.2M | 73% |
| Security | $38.8M | 22% |
| Other | $8.0M | 5% |
HHH
| Rental revenue | $113.5M | 48% |
| Master Planned Communities land sales | $99.6M | 42% |
| Other revenues | $11.0M | 5% |
| Builder price participation | $8.7M | 4% |
| Condominium rights and unit sales | $3.1M | 1% |
