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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $624.4M, roughly 1.2× Howard Hughes Holdings Inc.). Installed Building Products, Inc. runs the higher net margin — 10.2% vs 1.0%, a 9.3% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $49.3M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 3.9%).
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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
HHH vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $747.5M |
| Net Profit | $6.0M | $76.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | 4.2% | 14.6% |
| Net Margin | 1.0% | 10.2% |
| Revenue YoY | -33.2% | -0.4% |
| Net Profit YoY | -96.2% | 14.5% |
| EPS (diluted) | $0.20 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $390.2M | $778.2M | ||
| Q2 25 | $260.9M | $760.3M | ||
| Q1 25 | $199.3M | $684.8M | ||
| Q4 24 | $935.0M | $750.2M | ||
| Q3 24 | $327.1M | $760.6M | ||
| Q2 24 | $317.4M | $737.6M | ||
| Q1 24 | $171.1M | $692.9M |
| Q4 25 | $6.0M | $76.6M | ||
| Q3 25 | $119.5M | $74.4M | ||
| Q2 25 | $-12.1M | $69.0M | ||
| Q1 25 | $10.5M | $45.4M | ||
| Q4 24 | $156.3M | $66.9M | ||
| Q3 24 | $72.8M | $68.6M | ||
| Q2 24 | $21.1M | $65.2M | ||
| Q1 24 | $-52.5M | $55.9M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 33.8% |
| Q4 25 | 4.2% | 14.6% | ||
| Q3 25 | 48.6% | 13.7% | ||
| Q2 25 | 26.0% | 13.3% | ||
| Q1 25 | 24.0% | 10.2% | ||
| Q4 24 | 33.5% | 13.1% | ||
| Q3 24 | 60.6% | 13.3% | ||
| Q2 24 | 20.4% | 12.9% | ||
| Q1 24 | -9.8% | 12.7% |
| Q4 25 | 1.0% | 10.2% | ||
| Q3 25 | 30.6% | 9.6% | ||
| Q2 25 | -4.7% | 9.1% | ||
| Q1 25 | 5.3% | 6.6% | ||
| Q4 24 | 16.7% | 8.9% | ||
| Q3 24 | 22.2% | 9.0% | ||
| Q2 24 | 6.6% | 8.8% | ||
| Q1 24 | -30.7% | 8.1% |
| Q4 25 | $0.20 | $2.81 | ||
| Q3 25 | $2.02 | $2.74 | ||
| Q2 25 | $-0.22 | $2.52 | ||
| Q1 25 | $0.21 | $1.64 | ||
| Q4 24 | $3.14 | $2.39 | ||
| Q3 24 | $1.46 | $2.44 | ||
| Q2 24 | $0.42 | $2.30 | ||
| Q1 24 | $-1.06 | $1.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $321.9M |
| Total DebtLower is stronger | $5.1B | $886.6M |
| Stockholders' EquityBook value | $3.8B | $709.9M |
| Total Assets | $10.6B | $2.1B |
| Debt / EquityLower = less leverage | 1.35× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $321.9M | ||
| Q3 25 | $1.5B | $333.3M | ||
| Q2 25 | $1.4B | $305.2M | ||
| Q1 25 | $493.7M | $298.7M | ||
| Q4 24 | $596.1M | $327.6M | ||
| Q3 24 | $400.7M | $406.2M | ||
| Q2 24 | $436.8M | $380.3M | ||
| Q1 24 | $462.7M | $399.9M |
| Q4 25 | $5.1B | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | $5.1B | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M | ||
| Q1 24 | — | $875.0M |
| Q4 25 | $3.8B | $709.9M | ||
| Q3 25 | $3.8B | $678.6M | ||
| Q2 25 | $3.6B | $664.5M | ||
| Q1 25 | $2.8B | $660.9M | ||
| Q4 24 | $2.8B | $705.3M | ||
| Q3 24 | $2.6B | $716.4M | ||
| Q2 24 | $3.0B | $685.3M | ||
| Q1 24 | $2.9B | $679.2M |
| Q4 25 | $10.6B | $2.1B | ||
| Q3 25 | $10.7B | $2.1B | ||
| Q2 25 | $10.3B | $2.0B | ||
| Q1 25 | $9.3B | $2.0B | ||
| Q4 24 | $9.2B | $2.1B | ||
| Q3 24 | $9.4B | $2.1B | ||
| Q2 24 | $9.9B | $2.0B | ||
| Q1 24 | $9.6B | $2.0B |
| Q4 25 | 1.35× | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 1.85× | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | $348.6M | $49.3M |
| FCF MarginFCF / Revenue | 55.8% | 6.6% |
| Capex IntensityCapex / Revenue | 1.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 60.04× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $64.9M | ||
| Q3 25 | $149.8M | $124.0M | ||
| Q2 25 | $177.3M | $90.4M | ||
| Q1 25 | $-224.9M | $92.1M | ||
| Q4 24 | $337.1M | $74.8M | ||
| Q3 24 | $248.3M | $101.4M | ||
| Q2 24 | $-17.5M | $79.0M | ||
| Q1 24 | $-171.2M | $84.8M |
| Q4 25 | $348.6M | $49.3M | ||
| Q3 25 | $137.7M | $104.8M | ||
| Q2 25 | $169.7M | $74.8M | ||
| Q1 25 | $-238.4M | $71.9M | ||
| Q4 24 | $317.1M | $52.9M | ||
| Q3 24 | $238.7M | $77.3M | ||
| Q2 24 | $-25.1M | $58.2M | ||
| Q1 24 | $-182.0M | $63.0M |
| Q4 25 | 55.8% | 6.6% | ||
| Q3 25 | 35.3% | 13.5% | ||
| Q2 25 | 65.1% | 9.8% | ||
| Q1 25 | -119.6% | 10.5% | ||
| Q4 24 | 33.9% | 7.1% | ||
| Q3 24 | 73.0% | 10.2% | ||
| Q2 24 | -7.9% | 7.9% | ||
| Q1 24 | -106.4% | 9.1% |
| Q4 25 | 1.9% | 2.1% | ||
| Q3 25 | 3.1% | 2.5% | ||
| Q2 25 | 2.9% | 2.1% | ||
| Q1 25 | 6.8% | 2.9% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 2.9% | 3.2% | ||
| Q2 24 | 2.4% | 2.8% | ||
| Q1 24 | 6.3% | 3.1% |
| Q4 25 | 60.04× | 0.85× | ||
| Q3 25 | 1.25× | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | -21.35× | 2.03× | ||
| Q4 24 | 2.16× | 1.12× | ||
| Q3 24 | 3.41× | 1.48× | ||
| Q2 24 | -0.83× | 1.21× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
