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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $624.4M, roughly 1.2× Howard Hughes Holdings Inc.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs 1.0%, a 1.2% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $28.9M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
HHH vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $766.5M |
| Net Profit | $6.0M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 4.2% | 2.3% |
| Net Margin | 1.0% | 2.2% |
| Revenue YoY | -33.2% | 2.5% |
| Net Profit YoY | -96.2% | -3.3% |
| EPS (diluted) | $0.20 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $390.2M | $739.6M | ||
| Q2 25 | $260.9M | $812.9M | ||
| Q1 25 | $199.3M | $704.8M | ||
| Q4 24 | $935.0M | $747.5M | ||
| Q3 24 | $327.1M | $775.6M | ||
| Q2 24 | $317.4M | $746.1M | ||
| Q1 24 | $171.1M | $752.6M |
| Q4 25 | $6.0M | $16.5M | ||
| Q3 25 | $119.5M | $19.9M | ||
| Q2 25 | $-12.1M | $20.1M | ||
| Q1 25 | $10.5M | $17.4M | ||
| Q4 24 | $156.3M | $17.1M | ||
| Q3 24 | $72.8M | $17.0M | ||
| Q2 24 | $21.1M | $16.1M | ||
| Q1 24 | $-52.5M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 4.2% | 2.3% | ||
| Q3 25 | 48.6% | 3.5% | ||
| Q2 25 | 26.0% | 3.3% | ||
| Q1 25 | 24.0% | 3.2% | ||
| Q4 24 | 33.5% | 2.5% | ||
| Q3 24 | 60.6% | 2.3% | ||
| Q2 24 | 20.4% | 2.9% | ||
| Q1 24 | -9.8% | 2.3% |
| Q4 25 | 1.0% | 2.2% | ||
| Q3 25 | 30.6% | 2.7% | ||
| Q2 25 | -4.7% | 2.5% | ||
| Q1 25 | 5.3% | 2.5% | ||
| Q4 24 | 16.7% | 2.3% | ||
| Q3 24 | 22.2% | 2.2% | ||
| Q2 24 | 6.6% | 2.2% | ||
| Q1 24 | -30.7% | 1.7% |
| Q4 25 | $0.20 | $0.75 | ||
| Q3 25 | $2.02 | $0.89 | ||
| Q2 25 | $-0.22 | $0.87 | ||
| Q1 25 | $0.21 | $0.74 | ||
| Q4 24 | $3.14 | $0.70 | ||
| Q3 24 | $1.46 | $0.69 | ||
| Q2 24 | $0.42 | $0.66 | ||
| Q1 24 | $-1.06 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $3.8B | $910.9M |
| Total Assets | $10.6B | $1.7B |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $83.5M | ||
| Q3 25 | $1.5B | $124.9M | ||
| Q2 25 | $1.4B | $126.2M | ||
| Q1 25 | $493.7M | $146.3M | ||
| Q4 24 | $596.1M | $110.5M | ||
| Q3 24 | $400.7M | $145.0M | ||
| Q2 24 | $436.8M | $185.5M | ||
| Q1 24 | $462.7M | $159.1M |
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.8B | $910.9M | ||
| Q3 25 | $3.8B | $914.0M | ||
| Q2 25 | $3.6B | $906.4M | ||
| Q1 25 | $2.8B | $901.7M | ||
| Q4 24 | $2.8B | $900.7M | ||
| Q3 24 | $2.6B | $920.9M | ||
| Q2 24 | $3.0B | $924.3M | ||
| Q1 24 | $2.9B | $944.1M |
| Q4 25 | $10.6B | $1.7B | ||
| Q3 25 | $10.7B | $1.7B | ||
| Q2 25 | $10.3B | $1.8B | ||
| Q1 25 | $9.3B | $1.7B | ||
| Q4 24 | $9.2B | $1.7B | ||
| Q3 24 | $9.4B | $1.8B | ||
| Q2 24 | $9.9B | $1.8B | ||
| Q1 24 | $9.6B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $348.6M | $28.9M |
| FCF MarginFCF / Revenue | 55.8% | 3.8% |
| Capex IntensityCapex / Revenue | 1.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 60.04× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $30.8M | ||
| Q3 25 | $149.8M | $23.2M | ||
| Q2 25 | $177.3M | — | ||
| Q1 25 | $-224.9M | $66.1M | ||
| Q4 24 | $337.1M | $-6.2M | ||
| Q3 24 | $248.3M | $44.8M | ||
| Q2 24 | $-17.5M | — | ||
| Q1 24 | $-171.2M | $160.2M |
| Q4 25 | $348.6M | $28.9M | ||
| Q3 25 | $137.7M | $20.8M | ||
| Q2 25 | $169.7M | — | ||
| Q1 25 | $-238.4M | $64.6M | ||
| Q4 24 | $317.1M | $-8.2M | ||
| Q3 24 | $238.7M | $42.5M | ||
| Q2 24 | $-25.1M | — | ||
| Q1 24 | $-182.0M | $157.7M |
| Q4 25 | 55.8% | 3.8% | ||
| Q3 25 | 35.3% | 2.8% | ||
| Q2 25 | 65.1% | — | ||
| Q1 25 | -119.6% | 9.2% | ||
| Q4 24 | 33.9% | -1.1% | ||
| Q3 24 | 73.0% | 5.5% | ||
| Q2 24 | -7.9% | — | ||
| Q1 24 | -106.4% | 21.0% |
| Q4 25 | 1.9% | 0.3% | ||
| Q3 25 | 3.1% | 0.3% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 6.8% | 0.2% | ||
| Q4 24 | 2.1% | 0.3% | ||
| Q3 24 | 2.9% | 0.3% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 6.3% | 0.3% |
| Q4 25 | 60.04× | 1.87× | ||
| Q3 25 | 1.25× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.35× | 3.79× | ||
| Q4 24 | 2.16× | -0.36× | ||
| Q3 24 | 3.41× | 2.64× | ||
| Q2 24 | -0.83× | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
