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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and MASIMO CORP (MASI). 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 $371.5M, roughly 1.7× MASIMO CORP). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -27.0%, a 28.0% gap on every dollar of revenue. On growth, MASIMO CORP posted the faster year-over-year revenue change (-26.4% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $50.9M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs -17.7%).
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.
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
HHH vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $371.5M |
| Net Profit | $6.0M | $-100.4M |
| Gross Margin | — | 62.1% |
| Operating Margin | 4.2% | 22.5% |
| Net Margin | 1.0% | -27.0% |
| Revenue YoY | -33.2% | -26.4% |
| Net Profit YoY | -96.2% | -1124.5% |
| EPS (diluted) | $0.20 | $-1.84 |
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 | — | ||
| Q3 25 | $390.2M | $371.5M | ||
| Q2 25 | $260.9M | $370.9M | ||
| Q1 25 | $199.3M | $372.0M | ||
| Q4 24 | $935.0M | $600.7M | ||
| Q3 24 | $327.1M | $504.6M | ||
| Q2 24 | $317.4M | $496.3M | ||
| Q1 24 | $171.1M | $492.8M |
| Q4 25 | $6.0M | — | ||
| Q3 25 | $119.5M | $-100.4M | ||
| Q2 25 | $-12.1M | $51.3M | ||
| Q1 25 | $10.5M | $-170.7M | ||
| Q4 24 | $156.3M | $-349.6M | ||
| Q3 24 | $72.8M | $9.8M | ||
| Q2 24 | $21.1M | $16.0M | ||
| Q1 24 | $-52.5M | $18.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 48.6% | 22.5% | ||
| Q2 25 | 26.0% | 17.4% | ||
| Q1 25 | 24.0% | 21.0% | ||
| Q4 24 | 33.5% | -59.8% | ||
| Q3 24 | 60.6% | 6.0% | ||
| Q2 24 | 20.4% | 5.7% | ||
| Q1 24 | -9.8% | 6.9% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 30.6% | -27.0% | ||
| Q2 25 | -4.7% | 13.8% | ||
| Q1 25 | 5.3% | -45.9% | ||
| Q4 24 | 16.7% | -58.2% | ||
| Q3 24 | 22.2% | 1.9% | ||
| Q2 24 | 6.6% | 3.2% | ||
| Q1 24 | -30.7% | 3.8% |
| Q4 25 | $0.20 | — | ||
| Q3 25 | $2.02 | $-1.84 | ||
| Q2 25 | $-0.22 | $0.94 | ||
| Q1 25 | $0.21 | $-3.12 | ||
| Q4 24 | $3.14 | $-6.54 | ||
| Q3 24 | $1.46 | $0.18 | ||
| Q2 24 | $0.42 | $0.29 | ||
| Q1 24 | $-1.06 | $0.35 |
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 | $312.3M |
| Total DebtLower is stronger | $5.1B | $559.1M |
| Stockholders' EquityBook value | $3.8B | $810.0M |
| Total Assets | $10.6B | $1.8B |
| Debt / EquityLower = less leverage | 1.35× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $312.3M | ||
| Q2 25 | $1.4B | $149.6M | ||
| Q1 25 | $493.7M | $130.8M | ||
| Q4 24 | $596.1M | $177.6M | ||
| Q3 24 | $400.7M | $158.5M | ||
| Q2 24 | $436.8M | $129.6M | ||
| Q1 24 | $462.7M | $157.6M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | $5.1B | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $810.0M | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $2.8B | $946.4M | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
| Q4 25 | $10.6B | — | ||
| Q3 25 | $10.7B | $1.8B | ||
| Q2 25 | $10.3B | $2.4B | ||
| Q1 25 | $9.3B | $2.3B | ||
| Q4 24 | $9.2B | $2.6B | ||
| Q3 24 | $9.4B | $3.1B | ||
| Q2 24 | $9.9B | $2.9B | ||
| Q1 24 | $9.6B | $3.0B |
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 1.85× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| Free Cash FlowOCF − Capex | $348.6M | $50.9M |
| FCF MarginFCF / Revenue | 55.8% | 13.7% |
| Capex IntensityCapex / Revenue | 1.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 60.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | — | ||
| Q3 25 | $149.8M | $56.8M | ||
| Q2 25 | $177.3M | $69.4M | ||
| Q1 25 | $-224.9M | $31.1M | ||
| Q4 24 | $337.1M | $50.5M | ||
| Q3 24 | $248.3M | $25.6M | ||
| Q2 24 | $-17.5M | $74.5M | ||
| Q1 24 | $-171.2M | $45.8M |
| Q4 25 | $348.6M | — | ||
| Q3 25 | $137.7M | $50.9M | ||
| Q2 25 | $169.7M | $65.6M | ||
| Q1 25 | $-238.4M | $28.5M | ||
| Q4 24 | $317.1M | $46.0M | ||
| Q3 24 | $238.7M | $16.9M | ||
| Q2 24 | $-25.1M | $66.9M | ||
| Q1 24 | $-182.0M | $37.6M |
| Q4 25 | 55.8% | — | ||
| Q3 25 | 35.3% | 13.7% | ||
| Q2 25 | 65.1% | 17.7% | ||
| Q1 25 | -119.6% | 7.7% | ||
| Q4 24 | 33.9% | 7.7% | ||
| Q3 24 | 73.0% | 3.3% | ||
| Q2 24 | -7.9% | 13.5% | ||
| Q1 24 | -106.4% | 7.6% |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 3.1% | 1.6% | ||
| Q2 25 | 2.9% | 1.0% | ||
| Q1 25 | 6.8% | 0.7% | ||
| Q4 24 | 2.1% | 0.7% | ||
| Q3 24 | 2.9% | 1.7% | ||
| Q2 24 | 2.4% | 1.5% | ||
| Q1 24 | 6.3% | 1.7% |
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | -21.35× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 3.41× | 2.61× | ||
| Q2 24 | -0.83× | 4.66× | ||
| Q1 24 | — | 2.42× |
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% |
MASI
Segment breakdown not available.
