vs
Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and WillScot Holdings Corp (WSC). 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 $566.0M, roughly 1.1× WillScot Holdings Corp). Howard Hughes Holdings Inc. runs the higher net margin — 1.0% vs -33.1%, a 34.1% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $149.7M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
HHH vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $566.0M |
| Net Profit | $6.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 4.2% | -32.5% |
| Net Margin | 1.0% | -33.1% |
| Revenue YoY | -33.2% | -6.1% |
| Net Profit YoY | -96.2% | -310.0% |
| EPS (diluted) | $0.20 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $390.2M | $566.8M | ||
| Q2 25 | $260.9M | $589.1M | ||
| Q1 25 | $199.3M | $559.6M | ||
| Q4 24 | $935.0M | $602.5M | ||
| Q3 24 | $327.1M | $601.4M | ||
| Q2 24 | $317.4M | $604.6M | ||
| Q1 24 | $171.1M | $587.2M |
| Q4 25 | $6.0M | $-187.3M | ||
| Q3 25 | $119.5M | $43.3M | ||
| Q2 25 | $-12.1M | $47.9M | ||
| Q1 25 | $10.5M | $43.1M | ||
| Q4 24 | $156.3M | $89.2M | ||
| Q3 24 | $72.8M | $-70.5M | ||
| Q2 24 | $21.1M | $-46.9M | ||
| Q1 24 | $-52.5M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 4.2% | -32.5% | ||
| Q3 25 | 48.6% | 21.0% | ||
| Q2 25 | 26.0% | 21.5% | ||
| Q1 25 | 24.0% | 21.3% | ||
| Q4 24 | 33.5% | 28.9% | ||
| Q3 24 | 60.6% | -5.9% | ||
| Q2 24 | 20.4% | -0.9% | ||
| Q1 24 | -9.8% | 22.1% |
| Q4 25 | 1.0% | -33.1% | ||
| Q3 25 | 30.6% | 7.6% | ||
| Q2 25 | -4.7% | 8.1% | ||
| Q1 25 | 5.3% | 7.7% | ||
| Q4 24 | 16.7% | 14.8% | ||
| Q3 24 | 22.2% | -11.7% | ||
| Q2 24 | 6.6% | -7.7% | ||
| Q1 24 | -30.7% | 9.6% |
| Q4 25 | $0.20 | $-1.02 | ||
| Q3 25 | $2.02 | $0.24 | ||
| Q2 25 | $-0.22 | $0.26 | ||
| Q1 25 | $0.21 | $0.23 | ||
| Q4 24 | $3.14 | $0.48 | ||
| Q3 24 | $1.46 | $-0.37 | ||
| Q2 24 | $0.42 | $-0.25 | ||
| Q1 24 | $-1.06 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $5.1B | $3.6B |
| Stockholders' EquityBook value | $3.8B | $856.3M |
| Total Assets | $10.6B | $5.8B |
| Debt / EquityLower = less leverage | 1.35× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $14.6M | ||
| Q3 25 | $1.5B | $14.8M | ||
| Q2 25 | $1.4B | $12.8M | ||
| Q1 25 | $493.7M | $10.7M | ||
| Q4 24 | $596.1M | $9.0M | ||
| Q3 24 | $400.7M | $11.0M | ||
| Q2 24 | $436.8M | $5.9M | ||
| Q1 24 | $462.7M | $13.1M |
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $3.8B | $856.3M | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $2.8B | $1.0B | ||
| Q4 24 | $2.8B | $1.0B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.9B | $1.3B |
| Q4 25 | $10.6B | $5.8B | ||
| Q3 25 | $10.7B | $6.1B | ||
| Q2 25 | $10.3B | $6.1B | ||
| Q1 25 | $9.3B | $6.0B | ||
| Q4 24 | $9.2B | $6.0B | ||
| Q3 24 | $9.4B | $6.0B | ||
| Q2 24 | $9.9B | $6.0B | ||
| Q1 24 | $9.6B | $6.2B |
| Q4 25 | 1.35× | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | 1.85× | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $348.6M | $149.7M |
| FCF MarginFCF / Revenue | 55.8% | 26.5% |
| Capex IntensityCapex / Revenue | 1.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 60.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $158.9M | ||
| Q3 25 | $149.8M | $191.2M | ||
| Q2 25 | $177.3M | $205.3M | ||
| Q1 25 | $-224.9M | $206.6M | ||
| Q4 24 | $337.1M | $178.9M | ||
| Q3 24 | $248.3M | $-1.6M | ||
| Q2 24 | $-17.5M | $175.6M | ||
| Q1 24 | $-171.2M | $208.7M |
| Q4 25 | $348.6M | $149.7M | ||
| Q3 25 | $137.7M | $186.9M | ||
| Q2 25 | $169.7M | $199.0M | ||
| Q1 25 | $-238.4M | $202.0M | ||
| Q4 24 | $317.1M | $176.6M | ||
| Q3 24 | $238.7M | $-4.9M | ||
| Q2 24 | $-25.1M | $169.4M | ||
| Q1 24 | $-182.0M | $202.1M |
| Q4 25 | 55.8% | 26.5% | ||
| Q3 25 | 35.3% | 33.0% | ||
| Q2 25 | 65.1% | 33.8% | ||
| Q1 25 | -119.6% | 36.1% | ||
| Q4 24 | 33.9% | 29.3% | ||
| Q3 24 | 73.0% | -0.8% | ||
| Q2 24 | -7.9% | 28.0% | ||
| Q1 24 | -106.4% | 34.4% |
| Q4 25 | 1.9% | 1.6% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 2.9% | 1.1% | ||
| Q1 25 | 6.8% | 0.8% | ||
| Q4 24 | 2.1% | 0.4% | ||
| Q3 24 | 2.9% | 0.6% | ||
| Q2 24 | 2.4% | 1.0% | ||
| Q1 24 | 6.3% | 1.1% |
| Q4 25 | 60.04× | — | ||
| Q3 25 | 1.25× | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | -21.35× | 4.80× | ||
| Q4 24 | 2.16× | 2.01× | ||
| Q3 24 | 3.41× | — | ||
| Q2 24 | -0.83× | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
