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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($235.9M vs $218.2M, roughly 1.1× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 3.4%, a 9.5% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs -13.5%). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% CAGR vs -13.8%).
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.
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
HHH vs ONTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $218.2M |
| Net Profit | $8.1M | $28.2M |
| Gross Margin | — | 50.7% |
| Operating Margin | 121.6% | 10.9% |
| Net Margin | 3.4% | 12.9% |
| Revenue YoY | 18.4% | -13.5% |
| Net Profit YoY | -25.6% | -46.8% |
| EPS (diluted) | $0.14 | $0.57 |
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 | — | ||
| Q3 25 | $390.2M | $218.2M | ||
| Q2 25 | $260.9M | $253.6M | ||
| Q1 25 | $199.3M | $266.6M | ||
| Q4 24 | $935.0M | $263.9M | ||
| Q3 24 | $327.1M | $252.2M | ||
| Q2 24 | $317.4M | $242.3M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $6.0M | — | ||
| Q3 25 | $119.5M | $28.2M | ||
| Q2 25 | $-12.1M | $33.9M | ||
| Q1 25 | $10.5M | $64.1M | ||
| Q4 24 | $156.3M | $48.8M | ||
| Q3 24 | $72.8M | $53.1M | ||
| Q2 24 | $21.1M | $52.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% |
| Q1 26 | 121.6% | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 48.6% | 10.9% | ||
| Q2 25 | 26.0% | 12.7% | ||
| Q1 25 | 24.0% | 23.7% | ||
| Q4 24 | 33.5% | 16.1% | ||
| Q3 24 | 60.6% | 21.0% | ||
| Q2 24 | 20.4% | 20.2% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 30.6% | 12.9% | ||
| Q2 25 | -4.7% | 13.4% | ||
| Q1 25 | 5.3% | 24.0% | ||
| Q4 24 | 16.7% | 18.5% | ||
| Q3 24 | 22.2% | 21.0% | ||
| Q2 24 | 6.6% | 21.9% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.20 | — | ||
| Q3 25 | $2.02 | $0.57 | ||
| Q2 25 | $-0.22 | $0.69 | ||
| Q1 25 | $0.21 | $1.30 | ||
| Q4 24 | $3.14 | $0.98 | ||
| Q3 24 | $1.46 | $1.07 | ||
| Q2 24 | $0.42 | $1.07 |
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 | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $2.0B |
| Total Assets | $11.2B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $603.1M | ||
| Q2 25 | $1.4B | $217.5M | ||
| Q1 25 | $493.7M | $203.7M | ||
| Q4 24 | $596.1M | $212.9M | ||
| Q3 24 | $400.7M | $188.7M | ||
| Q2 24 | $436.8M | $172.6M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.8B | $1.9B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $3.0B | $1.8B |
| Q1 26 | $11.2B | — | ||
| Q4 25 | $10.6B | — | ||
| Q3 25 | $10.7B | $2.2B | ||
| 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 | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.85× | — | ||
| 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 | — | $83.4M |
| Free Cash FlowOCF − Capex | — | $82.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $360.3M | — | ||
| Q3 25 | $149.8M | $83.4M | ||
| Q2 25 | $177.3M | $57.9M | ||
| Q1 25 | $-224.9M | $92.0M | ||
| Q4 24 | $337.1M | $56.0M | ||
| Q3 24 | $248.3M | $67.2M | ||
| Q2 24 | $-17.5M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | $348.6M | — | ||
| Q3 25 | $137.7M | $82.0M | ||
| Q2 25 | $169.7M | $44.2M | ||
| Q1 25 | $-238.4M | $83.7M | ||
| Q4 24 | $317.1M | $51.4M | ||
| Q3 24 | $238.7M | $59.2M | ||
| Q2 24 | $-25.1M | $53.0M |
| Q1 26 | — | — | ||
| Q4 25 | 55.8% | — | ||
| Q3 25 | 35.3% | 37.6% | ||
| Q2 25 | 65.1% | 17.4% | ||
| Q1 25 | -119.6% | 31.4% | ||
| Q4 24 | 33.9% | 19.5% | ||
| Q3 24 | 73.0% | 23.5% | ||
| Q2 24 | -7.9% | 21.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 3.1% | 0.6% | ||
| Q2 25 | 2.9% | 5.4% | ||
| Q1 25 | 6.8% | 3.1% | ||
| Q4 24 | 2.1% | 1.8% | ||
| Q3 24 | 2.9% | 3.2% | ||
| Q2 24 | 2.4% | 5.1% |
| Q1 26 | — | — | ||
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | 2.95× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | -21.35× | 1.44× | ||
| Q4 24 | 2.16× | 1.15× | ||
| Q3 24 | 3.41× | 1.27× | ||
| Q2 24 | -0.83× | 1.23× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
