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Side-by-side financial comparison of Howard Hughes Holdings Inc. (HHH) and Zeta Global Holdings Corp. (ZETA). 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 $394.6M, roughly 1.6× Zeta Global Holdings Corp.). Zeta Global Holdings Corp. runs the higher net margin — 1.7% vs 1.0%, a 0.7% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $60.9M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 42.3%).
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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
HHH vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $624.4M | $394.6M |
| Net Profit | $6.0M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 4.2% | 4.5% |
| Net Margin | 1.0% | 1.7% |
| Revenue YoY | -33.2% | 25.4% |
| Net Profit YoY | -96.2% | -57.1% |
| EPS (diluted) | $0.20 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $390.2M | $337.2M | ||
| Q2 25 | $260.9M | $308.4M | ||
| Q1 25 | $199.3M | $264.4M | ||
| Q4 24 | $935.0M | $314.7M | ||
| Q3 24 | $327.1M | $268.3M | ||
| Q2 24 | $317.4M | $227.8M | ||
| Q1 24 | $171.1M | $194.9M |
| Q4 25 | $6.0M | $6.5M | ||
| Q3 25 | $119.5M | $-3.6M | ||
| Q2 25 | $-12.1M | $-12.8M | ||
| Q1 25 | $10.5M | $-21.6M | ||
| Q4 24 | $156.3M | $15.2M | ||
| Q3 24 | $72.8M | $-17.4M | ||
| Q2 24 | $21.1M | $-28.1M | ||
| Q1 24 | $-52.5M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 4.2% | 4.5% | ||
| Q3 25 | 48.6% | 2.6% | ||
| Q2 25 | 26.0% | -1.7% | ||
| Q1 25 | 24.0% | -6.1% | ||
| Q4 24 | 33.5% | 2.2% | ||
| Q3 24 | 60.6% | -4.6% | ||
| Q2 24 | 20.4% | -11.7% | ||
| Q1 24 | -9.8% | -18.4% |
| Q4 25 | 1.0% | 1.7% | ||
| Q3 25 | 30.6% | -1.1% | ||
| Q2 25 | -4.7% | -4.2% | ||
| Q1 25 | 5.3% | -8.2% | ||
| Q4 24 | 16.7% | 4.8% | ||
| Q3 24 | 22.2% | -6.5% | ||
| Q2 24 | 6.6% | -12.3% | ||
| Q1 24 | -30.7% | -20.3% |
| Q4 25 | $0.20 | $0.04 | ||
| Q3 25 | $2.02 | $-0.02 | ||
| Q2 25 | $-0.22 | $-0.06 | ||
| Q1 25 | $0.21 | $-0.10 | ||
| Q4 24 | $3.14 | $0.10 | ||
| Q3 24 | $1.46 | $-0.09 | ||
| Q2 24 | $0.42 | $-0.16 | ||
| Q1 24 | $-1.06 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | $5.1B | $197.1M |
| Stockholders' EquityBook value | $3.8B | $804.6M |
| Total Assets | $10.6B | $1.5B |
| Debt / EquityLower = less leverage | 1.35× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $319.8M | ||
| Q3 25 | $1.5B | $385.2M | ||
| Q2 25 | $1.4B | $365.3M | ||
| Q1 25 | $493.7M | $364.4M | ||
| Q4 24 | $596.1M | $366.2M | ||
| Q3 24 | $400.7M | $418.5M | ||
| Q2 24 | $436.8M | $154.7M | ||
| Q1 24 | $462.7M | $141.6M |
| Q4 25 | $5.1B | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | $5.1B | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $3.8B | $804.6M | ||
| Q3 25 | $3.8B | $689.2M | ||
| Q2 25 | $3.6B | $673.3M | ||
| Q1 25 | $2.8B | $676.6M | ||
| Q4 24 | $2.8B | $676.8M | ||
| Q3 24 | $2.6B | $474.9M | ||
| Q2 24 | $3.0B | $217.0M | ||
| Q1 24 | $2.9B | $191.6M |
| Q4 25 | $10.6B | $1.5B | ||
| Q3 25 | $10.7B | $1.2B | ||
| Q2 25 | $10.3B | $1.1B | ||
| Q1 25 | $9.3B | $1.1B | ||
| Q4 24 | $9.2B | $1.1B | ||
| Q3 24 | $9.4B | $869.1M | ||
| Q2 24 | $9.9B | $583.9M | ||
| Q1 24 | $9.6B | $550.3M |
| Q4 25 | 1.35× | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 1.85× | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $348.6M | $60.9M |
| FCF MarginFCF / Revenue | 55.8% | 15.4% |
| Capex IntensityCapex / Revenue | 1.9% | 0.8% |
| Cash ConversionOCF / Net Profit | 60.04× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $417.6M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.3M | $64.1M | ||
| Q3 25 | $149.8M | $57.9M | ||
| Q2 25 | $177.3M | $42.0M | ||
| Q1 25 | $-224.9M | $34.8M | ||
| Q4 24 | $337.1M | $43.7M | ||
| Q3 24 | $248.3M | $34.4M | ||
| Q2 24 | $-17.5M | $31.1M | ||
| Q1 24 | $-171.2M | $24.7M |
| Q4 25 | $348.6M | $60.9M | ||
| Q3 25 | $137.7M | $52.4M | ||
| Q2 25 | $169.7M | $39.7M | ||
| Q1 25 | $-238.4M | $32.1M | ||
| Q4 24 | $317.1M | $35.4M | ||
| Q3 24 | $238.7M | $29.5M | ||
| Q2 24 | $-25.1M | $24.4M | ||
| Q1 24 | $-182.0M | $18.9M |
| Q4 25 | 55.8% | 15.4% | ||
| Q3 25 | 35.3% | 15.6% | ||
| Q2 25 | 65.1% | 12.9% | ||
| Q1 25 | -119.6% | 12.1% | ||
| Q4 24 | 33.9% | 11.3% | ||
| Q3 24 | 73.0% | 11.0% | ||
| Q2 24 | -7.9% | 10.7% | ||
| Q1 24 | -106.4% | 9.7% |
| Q4 25 | 1.9% | 0.8% | ||
| Q3 25 | 3.1% | 1.6% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 6.8% | 1.0% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 2.9% | 1.8% | ||
| Q2 24 | 2.4% | 3.0% | ||
| Q1 24 | 6.3% | 3.0% |
| Q4 25 | 60.04× | 9.81× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -21.35× | — | ||
| Q4 24 | 2.16× | 2.87× | ||
| Q3 24 | 3.41× | — | ||
| Q2 24 | -0.83× | — | ||
| Q1 24 | — | — |
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% |
ZETA
Segment breakdown not available.
