vs
Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $624.4M, roughly 1.5× Howard Hughes Holdings Inc.). LCI INDUSTRIES runs the higher net margin — 2.0% vs 1.0%, a 1.0% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $64.3M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
HHH vs LCII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $932.7M |
| Net Profit | $6.0M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | 4.2% | 3.8% |
| Net Margin | 1.0% | 2.0% |
| Revenue YoY | -33.2% | 16.1% |
| Net Profit YoY | -96.2% | 95.7% |
| EPS (diluted) | $0.20 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $390.2M | $1.0B | ||
| Q2 25 | $260.9M | $1.1B | ||
| Q1 25 | $199.3M | $1.0B | ||
| Q4 24 | $935.0M | $803.1M | ||
| Q3 24 | $327.1M | $915.5M | ||
| Q2 24 | $317.4M | $1.1B | ||
| Q1 24 | $171.1M | $968.0M |
| Q4 25 | $6.0M | $18.7M | ||
| Q3 25 | $119.5M | $62.5M | ||
| Q2 25 | $-12.1M | $57.6M | ||
| Q1 25 | $10.5M | $49.4M | ||
| Q4 24 | $156.3M | $9.5M | ||
| Q3 24 | $72.8M | $35.6M | ||
| Q2 24 | $21.1M | $61.2M | ||
| Q1 24 | $-52.5M | $36.5M |
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 23.1% |
| Q4 25 | 4.2% | 3.8% | ||
| Q3 25 | 48.6% | 7.3% | ||
| Q2 25 | 26.0% | 7.9% | ||
| Q1 25 | 24.0% | 7.8% | ||
| Q4 24 | 33.5% | 2.0% | ||
| Q3 24 | 60.6% | 5.9% | ||
| Q2 24 | 20.4% | 8.6% | ||
| Q1 24 | -9.8% | 6.0% |
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 30.6% | 6.0% | ||
| Q2 25 | -4.7% | 5.2% | ||
| Q1 25 | 5.3% | 4.7% | ||
| Q4 24 | 16.7% | 1.2% | ||
| Q3 24 | 22.2% | 3.9% | ||
| Q2 24 | 6.6% | 5.8% | ||
| Q1 24 | -30.7% | 3.8% |
| Q4 25 | $0.20 | $0.79 | ||
| Q3 25 | $2.02 | $2.55 | ||
| Q2 25 | $-0.22 | $2.29 | ||
| Q1 25 | $0.21 | $1.94 | ||
| Q4 24 | $3.14 | $0.37 | ||
| Q3 24 | $1.46 | $1.39 | ||
| Q2 24 | $0.42 | $2.40 | ||
| Q1 24 | $-1.06 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | $5.1B | $945.2M |
| Stockholders' EquityBook value | $3.8B | $1.4B |
| Total Assets | $10.6B | $3.2B |
| Debt / EquityLower = less leverage | 1.35× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $222.6M | ||
| Q3 25 | $1.5B | $199.7M | ||
| Q2 25 | $1.4B | $191.9M | ||
| Q1 25 | $493.7M | $231.2M | ||
| Q4 24 | $596.1M | $165.8M | ||
| Q3 24 | $400.7M | $161.2M | ||
| Q2 24 | $436.8M | $130.4M | ||
| Q1 24 | $462.7M | $22.6M |
| Q4 25 | $5.1B | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | $5.1B | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.6B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
| Q4 25 | $10.6B | $3.2B | ||
| Q3 25 | $10.7B | $3.2B | ||
| Q2 25 | $10.3B | $3.2B | ||
| Q1 25 | $9.3B | $3.1B | ||
| Q4 24 | $9.2B | $2.9B | ||
| Q3 24 | $9.4B | $3.0B | ||
| Q2 24 | $9.9B | $3.0B | ||
| Q1 24 | $9.6B | $3.0B |
| Q4 25 | 1.35× | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.85× | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $348.6M | $64.3M |
| FCF MarginFCF / Revenue | 55.8% | 6.9% |
| Capex IntensityCapex / Revenue | 1.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 60.04× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $78.9M | ||
| Q3 25 | $149.8M | $97.2M | ||
| Q2 25 | $177.3M | $112.2M | ||
| Q1 25 | $-224.9M | $42.7M | ||
| Q4 24 | $337.1M | $106.6M | ||
| Q3 24 | $248.3M | $78.4M | ||
| Q2 24 | $-17.5M | $192.9M | ||
| Q1 24 | $-171.2M | $-7.7M |
| Q4 25 | $348.6M | $64.3M | ||
| Q3 25 | $137.7M | $80.9M | ||
| Q2 25 | $169.7M | $99.5M | ||
| Q1 25 | $-238.4M | $33.7M | ||
| Q4 24 | $317.1M | $95.7M | ||
| Q3 24 | $238.7M | $68.3M | ||
| Q2 24 | $-25.1M | $180.2M | ||
| Q1 24 | $-182.0M | $-16.3M |
| Q4 25 | 55.8% | 6.9% | ||
| Q3 25 | 35.3% | 7.8% | ||
| Q2 25 | 65.1% | 9.0% | ||
| Q1 25 | -119.6% | 3.2% | ||
| Q4 24 | 33.9% | 11.9% | ||
| Q3 24 | 73.0% | 7.5% | ||
| Q2 24 | -7.9% | 17.1% | ||
| Q1 24 | -106.4% | -1.7% |
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 3.1% | 1.6% | ||
| Q2 25 | 2.9% | 1.2% | ||
| Q1 25 | 6.8% | 0.9% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.9% | 1.1% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 6.3% | 0.9% |
| Q4 25 | 60.04× | 4.22× | ||
| Q3 25 | 1.25× | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | -21.35× | 0.86× | ||
| Q4 24 | 2.16× | 11.17× | ||
| Q3 24 | 3.41× | 2.20× | ||
| Q2 24 | -0.83× | 3.15× | ||
| Q1 24 | — | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
