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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $235.9M, roughly 1.0× Howard Hughes Holdings Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 3.4%, a 7.2% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 2.4%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
HHH vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $235.9M | $245.3M |
| Net Profit | $8.1M | $26.1M |
| Gross Margin | — | 40.0% |
| Operating Margin | 121.6% | 18.3% |
| Net Margin | 3.4% | 10.6% |
| Revenue YoY | 18.4% | 2.4% |
| Net Profit YoY | -25.6% | -44.5% |
| 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 | $245.3M | ||
| Q3 25 | $390.2M | $260.5M | ||
| Q2 25 | $260.9M | $255.5M | ||
| Q1 25 | $199.3M | $222.3M | ||
| Q4 24 | $935.0M | $239.6M | ||
| Q3 24 | $327.1M | $238.3M | ||
| Q2 24 | $317.4M | $219.7M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $6.0M | $26.1M | ||
| Q3 25 | $119.5M | $47.2M | ||
| Q2 25 | $-12.1M | $44.1M | ||
| Q1 25 | $10.5M | $42.2M | ||
| Q4 24 | $156.3M | $47.0M | ||
| Q3 24 | $72.8M | $49.5M | ||
| Q2 24 | $21.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% |
| Q1 26 | 121.6% | — | ||
| Q4 25 | 4.2% | 18.3% | ||
| Q3 25 | 48.6% | 25.1% | ||
| Q2 25 | 26.0% | 24.0% | ||
| Q1 25 | 24.0% | 26.7% | ||
| Q4 24 | 33.5% | 28.0% | ||
| Q3 24 | 60.6% | 28.4% | ||
| Q2 24 | 20.4% | 23.3% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 1.0% | 10.6% | ||
| Q3 25 | 30.6% | 18.1% | ||
| Q2 25 | -4.7% | 17.3% | ||
| Q1 25 | 5.3% | 19.0% | ||
| Q4 24 | 16.7% | 19.6% | ||
| Q3 24 | 22.2% | 20.8% | ||
| Q2 24 | 6.6% | 15.9% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.20 | $0.57 | ||
| Q3 25 | $2.02 | $1.01 | ||
| Q2 25 | $-0.22 | $0.94 | ||
| Q1 25 | $0.21 | $0.90 | ||
| Q4 24 | $3.14 | $1.00 | ||
| Q3 24 | $1.46 | $1.05 | ||
| Q2 24 | $0.42 | $0.75 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $3.8B | $713.1M |
| Total Assets | $11.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.5B | $104.1M | ||
| Q3 25 | $1.5B | $127.1M | ||
| Q2 25 | $1.4B | $140.9M | ||
| Q1 25 | $493.7M | $160.2M | ||
| Q4 24 | $596.1M | $137.5M | ||
| Q3 24 | $400.7M | $124.8M | ||
| Q2 24 | $436.8M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $5.1B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | $713.1M | ||
| Q3 25 | $3.8B | $764.0M | ||
| Q2 25 | $3.6B | $736.0M | ||
| Q1 25 | $2.8B | $685.1M | ||
| Q4 24 | $2.8B | $631.2M | ||
| Q3 24 | $2.6B | $613.3M | ||
| Q2 24 | $3.0B | $574.8M |
| Q1 26 | $11.2B | — | ||
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $10.7B | $1.2B | ||
| Q2 25 | $10.3B | $1.2B | ||
| Q1 25 | $9.3B | $1.1B | ||
| Q4 24 | $9.2B | $1.0B | ||
| Q3 24 | $9.4B | $996.3M | ||
| Q2 24 | $9.9B | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 1.85× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× |
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 | — | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $360.3M | $31.0M | ||
| Q3 25 | $149.8M | $40.0M | ||
| Q2 25 | $177.3M | $17.9M | ||
| Q1 25 | $-224.9M | $46.9M | ||
| Q4 24 | $337.1M | $61.1M | ||
| Q3 24 | $248.3M | $41.5M | ||
| Q2 24 | $-17.5M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $348.6M | $11.4M | ||
| Q3 25 | $137.7M | $21.2M | ||
| Q2 25 | $169.7M | $-14.7M | ||
| Q1 25 | $-238.4M | $16.5M | ||
| Q4 24 | $317.1M | $35.4M | ||
| Q3 24 | $238.7M | $17.8M | ||
| Q2 24 | $-25.1M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 55.8% | 4.7% | ||
| Q3 25 | 35.3% | 8.2% | ||
| Q2 25 | 65.1% | -5.7% | ||
| Q1 25 | -119.6% | 7.4% | ||
| Q4 24 | 33.9% | 14.8% | ||
| Q3 24 | 73.0% | 7.5% | ||
| Q2 24 | -7.9% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 8.0% | ||
| Q3 25 | 3.1% | 7.2% | ||
| Q2 25 | 2.9% | 12.7% | ||
| Q1 25 | 6.8% | 13.7% | ||
| Q4 24 | 2.1% | 10.7% | ||
| Q3 24 | 2.9% | 9.9% | ||
| Q2 24 | 2.4% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 60.04× | 1.19× | ||
| Q3 25 | 1.25× | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | -21.35× | 1.11× | ||
| Q4 24 | 2.16× | 1.30× | ||
| Q3 24 | 3.41× | 0.84× | ||
| Q2 24 | -0.83× | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
