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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $235.9M, roughly 1.4× Howard Hughes Holdings Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -259.7%, a 263.1% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs -7.0%). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (-13.8% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
HHH vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $326.2M |
| Net Profit | $8.1M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 121.6% | -193.0% |
| Net Margin | 3.4% | -259.7% |
| Revenue YoY | 18.4% | -7.0% |
| Net Profit YoY | -25.6% | -277.4% |
| EPS (diluted) | $0.14 | $-3.03 |
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 | $235.9M | — | ||
| Q4 25 | $624.4M | $326.2M | ||
| Q3 25 | $390.2M | $240.3M | ||
| Q2 25 | $260.9M | $228.1M | ||
| Q1 25 | $199.3M | $384.9M | ||
| Q4 24 | $935.0M | $350.7M | ||
| Q3 24 | $327.1M | $446.0M | ||
| Q2 24 | $317.4M | $291.2M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $6.0M | $-847.1M | ||
| Q3 25 | $119.5M | $-263.0M | ||
| Q2 25 | $-12.1M | $-546.5M | ||
| Q1 25 | $10.5M | $-175.4M | ||
| Q4 24 | $156.3M | $-224.4M | ||
| Q3 24 | $72.8M | $9.3M | ||
| Q2 24 | $21.1M | $-88.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | 121.6% | — | ||
| Q4 25 | 4.2% | -193.0% | ||
| Q3 25 | 48.6% | -37.4% | ||
| Q2 25 | 26.0% | -170.3% | ||
| Q1 25 | 24.0% | -3.3% | ||
| Q4 24 | 33.5% | 65.0% | ||
| Q3 24 | 60.6% | 17.8% | ||
| Q2 24 | 20.4% | 12.3% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 1.0% | -259.7% | ||
| Q3 25 | 30.6% | -109.4% | ||
| Q2 25 | -4.7% | -239.6% | ||
| Q1 25 | 5.3% | -45.6% | ||
| Q4 24 | 16.7% | -64.0% | ||
| Q3 24 | 22.2% | 2.1% | ||
| Q2 24 | 6.6% | -30.5% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.20 | $-3.03 | ||
| Q3 25 | $2.02 | $-0.96 | ||
| Q2 25 | $-0.22 | $-1.99 | ||
| Q1 25 | $0.21 | $-0.65 | ||
| Q4 24 | $3.14 | $-1.10 | ||
| Q3 24 | $1.46 | $0.03 | ||
| Q2 24 | $0.42 | $-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 | $1.8B | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $3.8B | $182.6M |
| Total Assets | $11.2B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.5B | $226.5M | ||
| Q3 25 | $1.5B | $145.2M | ||
| Q2 25 | $1.4B | $551.1M | ||
| Q1 25 | $493.7M | $447.9M | ||
| Q4 24 | $596.1M | $492.9M | ||
| Q3 24 | $400.7M | $90.8M | ||
| Q2 24 | $436.8M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | $182.6M | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.3B | ||
| Q1 25 | $2.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | $11.2B | — | ||
| Q4 25 | $10.6B | $10.6B | ||
| Q3 25 | $10.7B | $12.0B | ||
| Q2 25 | $10.3B | $12.0B | ||
| Q1 25 | $9.3B | $13.1B | ||
| Q4 24 | $9.2B | $12.9B | ||
| Q3 24 | $9.4B | $12.0B | ||
| Q2 24 | $9.9B | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.85× | 4.74× | ||
| 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 | — | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $360.3M | $-76.2M | ||
| Q3 25 | $149.8M | $-171.0M | ||
| Q2 25 | $177.3M | $-329.0M | ||
| Q1 25 | $-224.9M | $-7.2M | ||
| Q4 24 | $337.1M | $445.3M | ||
| Q3 24 | $248.3M | $-20.0M | ||
| Q2 24 | $-17.5M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | $348.6M | $-134.8M | ||
| Q3 25 | $137.7M | $-231.6M | ||
| Q2 25 | $169.7M | $-726.7M | ||
| Q1 25 | $-238.4M | $-262.3M | ||
| Q4 24 | $317.1M | $-210.3M | ||
| Q3 24 | $238.7M | $-367.0M | ||
| Q2 24 | $-25.1M | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | 55.8% | -41.3% | ||
| Q3 25 | 35.3% | -96.4% | ||
| Q2 25 | 65.1% | -318.6% | ||
| Q1 25 | -119.6% | -68.2% | ||
| Q4 24 | 33.9% | -60.0% | ||
| Q3 24 | 73.0% | -82.3% | ||
| Q2 24 | -7.9% | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 18.0% | ||
| Q3 25 | 3.1% | 25.2% | ||
| Q2 25 | 2.9% | 174.4% | ||
| Q1 25 | 6.8% | 66.3% | ||
| Q4 24 | 2.1% | 187.0% | ||
| Q3 24 | 2.9% | 77.8% | ||
| Q2 24 | 2.4% | 208.4% |
| Q1 26 | — | — | ||
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.35× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 3.41× | -2.15× | ||
| Q2 24 | -0.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
NFE
Segment breakdown not available.
