vs
Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 1.9× WYNDHAM HOTELS & RESORTS, INC.). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -18.0%, a 18.9% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (-33.2% vs -76.3%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $168.0M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
HHH vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $334.0M |
| Net Profit | $6.0M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 4.2% | — |
| Net Margin | 1.0% | -18.0% |
| Revenue YoY | -33.2% | -76.3% |
| Net Profit YoY | -96.2% | -170.6% |
| EPS (diluted) | $0.20 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $624.4M | $334.0M | ||
| Q3 25 | $390.2M | $382.0M | ||
| Q2 25 | $260.9M | $397.0M | ||
| Q1 25 | $199.3M | $316.0M | ||
| Q4 24 | $935.0M | $336.0M | ||
| Q3 24 | $327.1M | $396.0M | ||
| Q2 24 | $317.4M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $6.0M | $-60.0M | ||
| Q3 25 | $119.5M | $105.0M | ||
| Q2 25 | $-12.1M | $87.0M | ||
| Q1 25 | $10.5M | $61.0M | ||
| Q4 24 | $156.3M | $85.0M | ||
| Q3 24 | $72.8M | $102.0M | ||
| Q2 24 | $21.1M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | -11.4% | ||
| Q3 25 | 48.6% | 46.6% | ||
| Q2 25 | 26.0% | 37.8% | ||
| Q1 25 | 24.0% | 35.4% | ||
| Q4 24 | 33.5% | 38.4% | ||
| Q3 24 | 60.6% | 43.2% | ||
| Q2 24 | 20.4% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 1.0% | -18.0% | ||
| Q3 25 | 30.6% | 27.5% | ||
| Q2 25 | -4.7% | 21.9% | ||
| Q1 25 | 5.3% | 19.3% | ||
| Q4 24 | 16.7% | 25.3% | ||
| Q3 24 | 22.2% | 25.8% | ||
| Q2 24 | 6.6% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.20 | $-0.77 | ||
| Q3 25 | $2.02 | $1.36 | ||
| Q2 25 | $-0.22 | $1.13 | ||
| Q1 25 | $0.21 | $0.78 | ||
| Q4 24 | $3.14 | $1.06 | ||
| Q3 24 | $1.46 | $1.29 | ||
| Q2 24 | $0.42 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $64.0M |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $3.8B | $468.0M |
| Total Assets | $10.6B | $4.2B |
| Debt / EquityLower = less leverage | 1.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $1.5B | $64.0M | ||
| Q3 25 | $1.5B | $70.0M | ||
| Q2 25 | $1.4B | $50.0M | ||
| Q1 25 | $493.7M | $48.0M | ||
| Q4 24 | $596.1M | $103.0M | ||
| Q3 24 | $400.7M | $72.0M | ||
| Q2 24 | $436.8M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $3.8B | $468.0M | ||
| Q3 25 | $3.8B | $583.0M | ||
| Q2 25 | $3.6B | $570.0M | ||
| Q1 25 | $2.8B | $579.0M | ||
| Q4 24 | $2.8B | $650.0M | ||
| Q3 24 | $2.6B | $583.0M | ||
| Q2 24 | $3.0B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $10.6B | $4.2B | ||
| Q3 25 | $10.7B | $4.3B | ||
| Q2 25 | $10.3B | $4.3B | ||
| Q1 25 | $9.3B | $4.2B | ||
| Q4 24 | $9.2B | $4.2B | ||
| Q3 24 | $9.4B | $4.2B | ||
| Q2 24 | $9.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | 1.85× | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $348.6M | $168.0M |
| FCF MarginFCF / Revenue | 55.8% | 50.3% |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 60.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $360.3M | $152.0M | ||
| Q3 25 | $149.8M | $86.0M | ||
| Q2 25 | $177.3M | $70.0M | ||
| Q1 25 | $-224.9M | $59.0M | ||
| Q4 24 | $337.1M | $134.0M | ||
| Q3 24 | $248.3M | $79.0M | ||
| Q2 24 | $-17.5M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $348.6M | $136.0M | ||
| Q3 25 | $137.7M | $75.0M | ||
| Q2 25 | $169.7M | $58.0M | ||
| Q1 25 | $-238.4M | $52.0M | ||
| Q4 24 | $317.1M | $109.0M | ||
| Q3 24 | $238.7M | $71.0M | ||
| Q2 24 | $-25.1M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 55.8% | 40.7% | ||
| Q3 25 | 35.3% | 19.6% | ||
| Q2 25 | 65.1% | 14.6% | ||
| Q1 25 | -119.6% | 16.5% | ||
| Q4 24 | 33.9% | 32.4% | ||
| Q3 24 | 73.0% | 17.9% | ||
| Q2 24 | -7.9% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 4.8% | ||
| Q3 25 | 3.1% | 2.9% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | 6.8% | 2.2% | ||
| Q4 24 | 2.1% | 7.4% | ||
| Q3 24 | 2.9% | 2.0% | ||
| Q2 24 | 2.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | -21.35× | 0.97× | ||
| Q4 24 | 2.16× | 1.58× | ||
| Q3 24 | 3.41× | 0.77× | ||
| Q2 24 | -0.83× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
