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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Shoals Technologies Group, Inc. (SHLS). 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 $140.6M, roughly 1.7× Shoals Technologies Group, Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -0.2%, a 3.6% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (74.9% vs 18.4%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (19.0% 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.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
HHH vs SHLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $140.6M |
| Net Profit | $8.1M | $-297.0K |
| Gross Margin | — | 29.2% |
| Operating Margin | 121.6% | 5.5% |
| Net Margin | 3.4% | -0.2% |
| Revenue YoY | 18.4% | 74.9% |
| Net Profit YoY | -25.6% | -5.3% |
| EPS (diluted) | $0.14 | $0.00 |
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 | $140.6M | ||
| Q4 25 | $624.4M | $148.3M | ||
| Q3 25 | $390.2M | $135.8M | ||
| Q2 25 | $260.9M | $110.8M | ||
| Q1 25 | $199.3M | $80.4M | ||
| Q4 24 | $935.0M | $107.0M | ||
| Q3 24 | $327.1M | $102.2M | ||
| Q2 24 | $317.4M | $99.2M |
| Q1 26 | $8.1M | $-297.0K | ||
| Q4 25 | $6.0M | $8.1M | ||
| Q3 25 | $119.5M | $11.9M | ||
| Q2 25 | $-12.1M | $13.9M | ||
| Q1 25 | $10.5M | $-282.0K | ||
| Q4 24 | $156.3M | $7.8M | ||
| Q3 24 | $72.8M | $-267.0K | ||
| Q2 24 | $21.1M | $11.8M |
| Q1 26 | — | 29.2% | ||
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 40.3% |
| Q1 26 | 121.6% | 5.5% | ||
| Q4 25 | 4.2% | 11.7% | ||
| Q3 25 | 48.6% | 13.7% | ||
| Q2 25 | 26.0% | 14.4% | ||
| Q1 25 | 24.0% | 5.4% | ||
| Q4 24 | 33.5% | 15.4% | ||
| Q3 24 | 60.6% | 4.4% | ||
| Q2 24 | 20.4% | 18.7% |
| Q1 26 | 3.4% | -0.2% | ||
| Q4 25 | 1.0% | 5.5% | ||
| Q3 25 | 30.6% | 8.7% | ||
| Q2 25 | -4.7% | 12.5% | ||
| Q1 25 | 5.3% | -0.4% | ||
| Q4 24 | 16.7% | 7.3% | ||
| Q3 24 | 22.2% | -0.3% | ||
| Q2 24 | 6.6% | 11.9% |
| Q1 26 | $0.14 | $0.00 | ||
| Q4 25 | $0.20 | $0.05 | ||
| Q3 25 | $2.02 | $0.07 | ||
| Q2 25 | $-0.22 | $0.08 | ||
| Q1 25 | $0.21 | $0.00 | ||
| Q4 24 | $3.14 | $0.04 | ||
| Q3 24 | $1.46 | $0.00 | ||
| Q2 24 | $0.42 | $0.07 |
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 | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $601.6M |
| Total Assets | $11.2B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | $1.9M | ||
| Q4 25 | $1.5B | $7.3M | ||
| Q3 25 | $1.5B | $8.6M | ||
| Q2 25 | $1.4B | $4.7M | ||
| Q1 25 | $493.7M | $35.6M | ||
| Q4 24 | $596.1M | $23.5M | ||
| Q3 24 | $400.7M | $11.1M | ||
| Q2 24 | $436.8M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | $5.1B | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M |
| Q1 26 | $3.8B | $601.6M | ||
| Q4 25 | $3.8B | $600.0M | ||
| Q3 25 | $3.8B | $589.6M | ||
| Q2 25 | $3.6B | $575.4M | ||
| Q1 25 | $2.8B | $558.9M | ||
| Q4 24 | $2.8B | $556.8M | ||
| Q3 24 | $2.6B | $545.2M | ||
| Q2 24 | $3.0B | $544.6M |
| Q1 26 | $11.2B | $1.0B | ||
| Q4 25 | $10.6B | $904.1M | ||
| Q3 25 | $10.7B | $851.8M | ||
| Q2 25 | $10.3B | $795.0M | ||
| Q1 25 | $9.3B | $788.4M | ||
| Q4 24 | $9.2B | $793.1M | ||
| Q3 24 | $9.4B | $801.3M | ||
| Q2 24 | $9.9B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 1.85× | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× |
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% |
SHLS
Segment breakdown not available.
