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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and PROCORE TECHNOLOGIES, INC. (PCOR). 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 $349.1M, roughly 1.8× PROCORE TECHNOLOGIES, INC.). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -10.8%, a 11.7% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $109.2M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
HHH vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $349.1M |
| Net Profit | $6.0M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | 4.2% | -12.3% |
| Net Margin | 1.0% | -10.8% |
| Revenue YoY | -33.2% | 15.6% |
| Net Profit YoY | -96.2% | 39.6% |
| EPS (diluted) | $0.20 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $390.2M | $338.9M | ||
| Q2 25 | $260.9M | $323.9M | ||
| Q1 25 | $199.3M | $310.6M | ||
| Q4 24 | $935.0M | $302.0M | ||
| Q3 24 | $327.1M | $295.9M | ||
| Q2 24 | $317.4M | $284.3M | ||
| Q1 24 | $171.1M | $269.4M |
| Q4 25 | $6.0M | $-37.6M | ||
| Q3 25 | $119.5M | $-9.1M | ||
| Q2 25 | $-12.1M | $-21.1M | ||
| Q1 25 | $10.5M | $-33.0M | ||
| Q4 24 | $156.3M | $-62.3M | ||
| Q3 24 | $72.8M | $-26.4M | ||
| Q2 24 | $21.1M | $-6.3M | ||
| Q1 24 | $-52.5M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 4.2% | -12.3% | ||
| Q3 25 | 48.6% | -4.4% | ||
| Q2 25 | 26.0% | -9.3% | ||
| Q1 25 | 24.0% | -11.7% | ||
| Q4 24 | 33.5% | -21.9% | ||
| Q3 24 | 60.6% | -12.3% | ||
| Q2 24 | 20.4% | -5.2% | ||
| Q1 24 | -9.8% | -7.0% |
| Q4 25 | 1.0% | -10.8% | ||
| Q3 25 | 30.6% | -2.7% | ||
| Q2 25 | -4.7% | -6.5% | ||
| Q1 25 | 5.3% | -10.6% | ||
| Q4 24 | 16.7% | -20.6% | ||
| Q3 24 | 22.2% | -8.9% | ||
| Q2 24 | 6.6% | -2.2% | ||
| Q1 24 | -30.7% | -4.1% |
| Q4 25 | $0.20 | $-0.25 | ||
| Q3 25 | $2.02 | $-0.06 | ||
| Q2 25 | $-0.22 | $-0.14 | ||
| Q1 25 | $0.21 | $-0.22 | ||
| Q4 24 | $3.14 | $-0.42 | ||
| Q3 24 | $1.46 | $-0.18 | ||
| Q2 24 | $0.42 | $-0.04 | ||
| Q1 24 | $-1.06 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $3.8B | $1.3B |
| Total Assets | $10.6B | $2.2B |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $768.5M | ||
| Q3 25 | $1.5B | $684.0M | ||
| Q2 25 | $1.4B | $620.9M | ||
| Q1 25 | $493.7M | $566.7M | ||
| Q4 24 | $596.1M | $775.4M | ||
| Q3 24 | $400.7M | $756.9M | ||
| Q2 24 | $436.8M | $735.4M | ||
| Q1 24 | $462.7M | $744.6M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $1.3B | ||
| Q3 25 | $3.8B | $1.2B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $2.8B | $1.2B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $2.9B | $1.2B |
| Q4 25 | $10.6B | $2.2B | ||
| Q3 25 | $10.7B | $2.1B | ||
| Q2 25 | $10.3B | $2.0B | ||
| Q1 25 | $9.3B | $1.9B | ||
| Q4 24 | $9.2B | $2.1B | ||
| Q3 24 | $9.4B | $2.0B | ||
| Q2 24 | $9.9B | $2.0B | ||
| Q1 24 | $9.6B | $1.9B |
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $360.3M | $114.9M |
| Free Cash FlowOCF − Capex | $348.6M | $109.2M |
| FCF MarginFCF / Revenue | 55.8% | 31.3% |
| Capex IntensityCapex / Revenue | 1.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 60.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $114.9M | ||
| Q3 25 | $149.8M | $88.5M | ||
| Q2 25 | $177.3M | $30.8M | ||
| Q1 25 | $-224.9M | $66.0M | ||
| Q4 24 | $337.1M | $29.1M | ||
| Q3 24 | $248.3M | $39.3M | ||
| Q2 24 | $-17.5M | $58.7M | ||
| Q1 24 | $-171.2M | $69.1M |
| Q4 25 | $348.6M | $109.2M | ||
| Q3 25 | $137.7M | $83.1M | ||
| Q2 25 | $169.7M | $27.9M | ||
| Q1 25 | $-238.4M | $62.0M | ||
| Q4 24 | $317.1M | $17.4M | ||
| Q3 24 | $238.7M | $35.7M | ||
| Q2 24 | $-25.1M | $56.8M | ||
| Q1 24 | $-182.0M | $67.1M |
| Q4 25 | 55.8% | 31.3% | ||
| Q3 25 | 35.3% | 24.5% | ||
| Q2 25 | 65.1% | 8.6% | ||
| Q1 25 | -119.6% | 20.0% | ||
| Q4 24 | 33.9% | 5.8% | ||
| Q3 24 | 73.0% | 12.1% | ||
| Q2 24 | -7.9% | 20.0% | ||
| Q1 24 | -106.4% | 24.9% |
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 3.1% | 1.6% | ||
| Q2 25 | 2.9% | 0.9% | ||
| Q1 25 | 6.8% | 1.3% | ||
| Q4 24 | 2.1% | 3.9% | ||
| Q3 24 | 2.9% | 1.2% | ||
| Q2 24 | 2.4% | 0.7% | ||
| Q1 24 | 6.3% | 0.8% |
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.35× | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
