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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.7× Purple Innovation, Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -2.3%, a 5.7% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 9.1%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
HHH vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $140.7M |
| Net Profit | $8.1M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 121.6% | -1.6% |
| Net Margin | 3.4% | -2.3% |
| Revenue YoY | 18.4% | 9.1% |
| Net Profit YoY | -25.6% | 62.1% |
| EPS (diluted) | $0.14 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $390.2M | $118.8M | ||
| Q2 25 | $260.9M | $105.1M | ||
| Q1 25 | $199.3M | $104.2M | ||
| Q4 24 | $935.0M | $129.0M | ||
| Q3 24 | $327.1M | $118.6M | ||
| Q2 24 | $317.4M | $120.3M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $6.0M | $-3.2M | ||
| Q3 25 | $119.5M | $-11.7M | ||
| Q2 25 | $-12.1M | $-17.3M | ||
| Q1 25 | $10.5M | $-19.1M | ||
| Q4 24 | $156.3M | $-8.5M | ||
| Q3 24 | $72.8M | $-39.2M | ||
| Q2 24 | $21.1M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 121.6% | — | ||
| Q4 25 | 4.2% | -1.6% | ||
| Q3 25 | 48.6% | -10.2% | ||
| Q2 25 | 26.0% | -13.5% | ||
| Q1 25 | 24.0% | -13.9% | ||
| Q4 24 | 33.5% | -6.0% | ||
| Q3 24 | 60.6% | -39.5% | ||
| Q2 24 | 20.4% | -12.1% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 1.0% | -2.3% | ||
| Q3 25 | 30.6% | -9.9% | ||
| Q2 25 | -4.7% | -16.5% | ||
| Q1 25 | 5.3% | -18.4% | ||
| Q4 24 | 16.7% | -6.6% | ||
| Q3 24 | 22.2% | -33.1% | ||
| Q2 24 | 6.6% | 0.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.20 | $0.03 | ||
| Q3 25 | $2.02 | $0.11 | ||
| Q2 25 | $-0.22 | $0.16 | ||
| Q1 25 | $0.21 | $0.18 | ||
| Q4 24 | $3.14 | $0.08 | ||
| Q3 24 | $1.46 | $0.36 | ||
| Q2 24 | $0.42 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $3.8B | $-29.7M |
| Total Assets | $11.2B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.5B | $24.3M | ||
| Q3 25 | $1.5B | $32.4M | ||
| Q2 25 | $1.4B | $34.2M | ||
| Q1 25 | $493.7M | $21.6M | ||
| Q4 24 | $596.1M | $29.0M | ||
| Q3 24 | $400.7M | $23.4M | ||
| Q2 24 | $436.8M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | $-29.7M | ||
| Q3 25 | $3.8B | $-26.9M | ||
| Q2 25 | $3.6B | $-15.6M | ||
| Q1 25 | $2.8B | $1.3M | ||
| Q4 24 | $2.8B | $20.2M | ||
| Q3 24 | $2.6B | $28.0M | ||
| Q2 24 | $3.0B | $66.4M |
| Q1 26 | $11.2B | — | ||
| Q4 25 | $10.6B | $296.3M | ||
| Q3 25 | $10.7B | $302.1M | ||
| Q2 25 | $10.3B | $303.8M | ||
| Q1 25 | $9.3B | $293.8M | ||
| Q4 24 | $9.2B | $307.8M | ||
| Q3 24 | $9.4B | $309.3M | ||
| Q2 24 | $9.9B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.85× | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $360.3M | $-5.8M | ||
| Q3 25 | $149.8M | $-968.0K | ||
| Q2 25 | $177.3M | $-4.0M | ||
| Q1 25 | $-224.9M | $-23.1M | ||
| Q4 24 | $337.1M | $6.8M | ||
| Q3 24 | $248.3M | $1.1M | ||
| Q2 24 | $-17.5M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | $348.6M | $-7.8M | ||
| Q3 25 | $137.7M | $-1.8M | ||
| Q2 25 | $169.7M | $-7.0M | ||
| Q1 25 | $-238.4M | $-25.3M | ||
| Q4 24 | $317.1M | $5.7M | ||
| Q3 24 | $238.7M | $101.0K | ||
| Q2 24 | $-25.1M | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | 55.8% | -5.5% | ||
| Q3 25 | 35.3% | -1.5% | ||
| Q2 25 | 65.1% | -6.6% | ||
| Q1 25 | -119.6% | -24.3% | ||
| Q4 24 | 33.9% | 4.4% | ||
| Q3 24 | 73.0% | 0.1% | ||
| Q2 24 | -7.9% | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 2.9% | 2.8% | ||
| Q1 25 | 6.8% | 2.2% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 2.4% | 1.7% |
| Q1 26 | — | — | ||
| 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× | -330.22× |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
