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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $382.2M, roughly 1.6× LifeStance Health Group, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs 1.0%, a 2.1% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $46.6M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 12.8%).
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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
HHH vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $382.2M |
| Net Profit | $6.0M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | 4.2% | 4.7% |
| Net Margin | 1.0% | 3.1% |
| Revenue YoY | -33.2% | 17.4% |
| Net Profit YoY | -96.2% | 264.1% |
| EPS (diluted) | $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 | $382.2M | ||
| Q3 25 | $390.2M | $363.8M | ||
| Q2 25 | $260.9M | $345.3M | ||
| Q1 25 | $199.3M | $333.0M | ||
| Q4 24 | $935.0M | $325.5M | ||
| Q3 24 | $327.1M | $312.7M | ||
| Q2 24 | $317.4M | $312.3M | ||
| Q1 24 | $171.1M | $300.4M |
| Q4 25 | $6.0M | $11.7M | ||
| Q3 25 | $119.5M | $1.1M | ||
| Q2 25 | $-12.1M | $-3.8M | ||
| Q1 25 | $10.5M | $709.0K | ||
| Q4 24 | $156.3M | $-7.1M | ||
| Q3 24 | $72.8M | $-6.0M | ||
| Q2 24 | $21.1M | $-23.3M | ||
| Q1 24 | $-52.5M | $-21.1M |
| Q4 25 | 4.2% | 4.7% | ||
| Q3 25 | 48.6% | 2.0% | ||
| Q2 25 | 26.0% | -0.9% | ||
| Q1 25 | 24.0% | 0.5% | ||
| Q4 24 | 33.5% | 0.3% | ||
| Q3 24 | 60.6% | 0.0% | ||
| Q2 24 | 20.4% | -5.1% | ||
| Q1 24 | -9.8% | -5.6% |
| Q4 25 | 1.0% | 3.1% | ||
| Q3 25 | 30.6% | 0.3% | ||
| Q2 25 | -4.7% | -1.1% | ||
| Q1 25 | 5.3% | 0.2% | ||
| Q4 24 | 16.7% | -2.2% | ||
| Q3 24 | 22.2% | -1.9% | ||
| Q2 24 | 6.6% | -7.5% | ||
| Q1 24 | -30.7% | -7.0% |
| Q4 25 | $0.20 | — | ||
| Q3 25 | $2.02 | — | ||
| Q2 25 | $-0.22 | — | ||
| Q1 25 | $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 | $1.5B | $248.6M |
| Total DebtLower is stronger | $5.1B | $282.8M |
| Stockholders' EquityBook value | $3.8B | $1.5B |
| Total Assets | $10.6B | $2.2B |
| Debt / EquityLower = less leverage | 1.35× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $248.6M | ||
| Q3 25 | $1.5B | $203.9M | ||
| Q2 25 | $1.4B | $188.9M | ||
| Q1 25 | $493.7M | $134.3M | ||
| Q4 24 | $596.1M | $154.6M | ||
| Q3 24 | $400.7M | $102.6M | ||
| Q2 24 | $436.8M | $87.0M | ||
| Q1 24 | $462.7M | $49.5M |
| Q4 25 | $5.1B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $5.1B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $2.8B | $1.5B | ||
| 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 | $2.2B | ||
| Q3 25 | $10.7B | $2.1B | ||
| Q2 25 | $10.3B | $2.1B | ||
| Q1 25 | $9.3B | $2.1B | ||
| Q4 24 | $9.2B | $2.1B | ||
| Q3 24 | $9.4B | $2.1B | ||
| Q2 24 | $9.9B | $2.1B | ||
| Q1 24 | $9.6B | $2.1B |
| Q4 25 | 1.35× | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.85× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $348.6M | $46.6M |
| FCF MarginFCF / Revenue | 55.8% | 12.2% |
| Capex IntensityCapex / Revenue | 1.9% | 2.9% |
| Cash ConversionOCF / Net Profit | 60.04× | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $57.6M | ||
| Q3 25 | $149.8M | $27.3M | ||
| Q2 25 | $177.3M | $64.4M | ||
| Q1 25 | $-224.9M | $-3.1M | ||
| Q4 24 | $337.1M | $62.3M | ||
| Q3 24 | $248.3M | $22.7M | ||
| Q2 24 | $-17.5M | $44.1M | ||
| Q1 24 | $-171.2M | $-21.8M |
| Q4 25 | $348.6M | $46.6M | ||
| Q3 25 | $137.7M | $17.0M | ||
| Q2 25 | $169.7M | $56.6M | ||
| Q1 25 | $-238.4M | $-10.3M | ||
| Q4 24 | $317.1M | $56.0M | ||
| Q3 24 | $238.7M | $17.7M | ||
| Q2 24 | $-25.1M | $39.0M | ||
| Q1 24 | $-182.0M | $-26.9M |
| Q4 25 | 55.8% | 12.2% | ||
| Q3 25 | 35.3% | 4.7% | ||
| Q2 25 | 65.1% | 16.4% | ||
| Q1 25 | -119.6% | -3.1% | ||
| Q4 24 | 33.9% | 17.2% | ||
| Q3 24 | 73.0% | 5.7% | ||
| Q2 24 | -7.9% | 12.5% | ||
| Q1 24 | -106.4% | -9.0% |
| Q4 25 | 1.9% | 2.9% | ||
| Q3 25 | 3.1% | 2.8% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 6.8% | 2.2% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 2.9% | 1.6% | ||
| Q2 24 | 2.4% | 1.6% | ||
| Q1 24 | 6.3% | 1.7% |
| Q4 25 | 60.04× | 4.93× | ||
| Q3 25 | 1.25× | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.35× | -4.36× | ||
| 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
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
LFST
Segment breakdown not available.
