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Side-by-side financial comparison of HIGHWOODS PROPERTIES, INC. (HIW) and Orthofix Medical Inc. (OFIX). Click either name above to swap in a different company.

Orthofix Medical Inc. is the larger business by last-quarter revenue ($219.9M vs $203.4M, roughly 1.1× HIGHWOODS PROPERTIES, INC.). HIGHWOODS PROPERTIES, INC. runs the higher net margin — 14.6% vs -1.0%, a 15.6% gap on every dollar of revenue. On growth, Orthofix Medical Inc. posted the faster year-over-year revenue change (2.0% vs -1.1%). Over the past eight quarters, Orthofix Medical Inc.'s revenue compounded faster (8.0% CAGR vs -1.9%).

Highwoods Properties, Inc. is a publicly traded real estate investment trust that owns, develops, acquires, and manages high-quality office properties primarily located in fast-growing metropolitan areas across the Southeastern and Mid-Atlantic regions of the United States. Its client base includes corporate tenants across diverse industry segments such as technology, healthcare, finance, and professional services.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

HIW vs OFIX — Head-to-Head

Bigger by revenue
OFIX
OFIX
1.1× larger
OFIX
$219.9M
$203.4M
HIW
Growing faster (revenue YoY)
OFIX
OFIX
+3.0% gap
OFIX
2.0%
-1.1%
HIW
Higher net margin
HIW
HIW
15.6% more per $
HIW
14.6%
-1.0%
OFIX
Faster 2-yr revenue CAGR
OFIX
OFIX
Annualised
OFIX
8.0%
-1.9%
HIW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIW
HIW
OFIX
OFIX
Revenue
$203.4M
$219.9M
Net Profit
$29.7M
$-2.2M
Gross Margin
71.1%
Operating Margin
67.2%
0.2%
Net Margin
14.6%
-1.0%
Revenue YoY
-1.1%
2.0%
Net Profit YoY
1029.4%
92.4%
EPS (diluted)
$0.25
$-0.05

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.

Revenue
HIW
HIW
OFIX
OFIX
Q4 25
$203.4M
$219.9M
Q3 25
$201.8M
$205.6M
Q2 25
$200.6M
$203.1M
Q1 25
$200.4M
$193.6M
Q4 24
$205.5M
$215.7M
Q3 24
$204.3M
$196.6M
Q2 24
$204.7M
$198.6M
Q1 24
$211.3M
$188.6M
Net Profit
HIW
HIW
OFIX
OFIX
Q4 25
$29.7M
$-2.2M
Q3 25
$13.7M
$-22.8M
Q2 25
$19.2M
$-14.1M
Q1 25
$100.0M
$-53.1M
Q4 24
$-3.2M
$-29.1M
Q3 24
$15.5M
$-27.4M
Q2 24
$64.8M
$-33.4M
Q1 24
$27.2M
$-36.0M
Gross Margin
HIW
HIW
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
HIW
HIW
OFIX
OFIX
Q4 25
67.2%
0.2%
Q3 25
67.3%
-8.3%
Q2 25
68.3%
-7.9%
Q1 25
67.5%
-25.2%
Q4 24
65.2%
-5.3%
Q3 24
67.8%
-9.6%
Q2 24
68.5%
-12.5%
Q1 24
66.7%
-15.6%
Net Margin
HIW
HIW
OFIX
OFIX
Q4 25
14.6%
-1.0%
Q3 25
6.8%
-11.1%
Q2 25
9.6%
-6.9%
Q1 25
49.9%
-27.4%
Q4 24
-1.6%
-13.5%
Q3 24
7.6%
-13.9%
Q2 24
31.6%
-16.8%
Q1 24
12.9%
-19.1%
EPS (diluted)
HIW
HIW
OFIX
OFIX
Q4 25
$0.25
$-0.05
Q3 25
$0.12
$-0.57
Q2 25
$0.17
$-0.36
Q1 25
$0.91
$-1.35
Q4 24
$-0.04
$-0.76
Q3 24
$0.14
$-0.71
Q2 24
$0.59
$-0.88
Q1 24
$0.25
$-0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HIW
HIW
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$27.4M
$82.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$450.0M
Total Assets
$6.3B
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIW
HIW
OFIX
OFIX
Q4 25
$27.4M
$82.0M
Q3 25
$26.3M
$62.9M
Q2 25
$21.2M
$65.6M
Q1 25
$20.1M
$58.0M
Q4 24
$22.4M
$83.2M
Q3 24
$23.6M
$30.1M
Q2 24
$27.0M
$26.4M
Q1 24
$16.4M
$27.0M
Total Debt
HIW
HIW
OFIX
OFIX
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
HIW
HIW
OFIX
OFIX
Q4 25
$2.4B
$450.0M
Q3 25
$2.4B
$442.5M
Q2 25
$2.4B
$458.3M
Q1 25
$2.4B
$458.3M
Q4 24
$2.4B
$503.1M
Q3 24
$2.4B
$525.9M
Q2 24
$2.4B
$546.0M
Q1 24
$2.4B
$570.3M
Total Assets
HIW
HIW
OFIX
OFIX
Q4 25
$6.3B
$850.6M
Q3 25
$6.1B
$832.6M
Q2 25
$6.1B
$837.2M
Q1 25
$6.1B
$823.1M
Q4 24
$6.0B
$893.3M
Q3 24
$6.0B
$867.9M
Q2 24
$6.0B
$882.0M
Q1 24
$6.0B
$906.0M
Debt / Equity
HIW
HIW
OFIX
OFIX
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HIW
HIW
OFIX
OFIX
Operating Cash FlowLast quarter
$359.2M
$27.7M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
12.09×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIW
HIW
OFIX
OFIX
Q4 25
$359.2M
$27.7M
Q3 25
$96.7M
$12.4M
Q2 25
$116.5M
$11.6M
Q1 25
$46.3M
$-18.4M
Q4 24
$403.6M
$23.7M
Q3 24
$97.5M
$11.7M
Q2 24
$130.0M
$9.0M
Q1 24
$72.4M
$-18.6M
Free Cash Flow
HIW
HIW
OFIX
OFIX
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
HIW
HIW
OFIX
OFIX
Q4 25
7.6%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
HIW
HIW
OFIX
OFIX
Q4 25
4.9%
Q3 25
4.8%
Q2 25
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%
Cash Conversion
HIW
HIW
OFIX
OFIX
Q4 25
12.09×
Q3 25
7.05×
Q2 25
6.06×
Q1 25
0.46×
Q4 24
Q3 24
6.30×
Q2 24
2.01×
Q1 24
2.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HIW
HIW

Raleigh NC$45.6M22%
Nashville TN$38.7M19%
Atlanta GA$36.1M18%
Charlotte NC$26.1M13%
Tampa FL$22.2M11%
Orlando FL$14.4M7%
Other$11.4M6%
Richmond VA$8.8M4%

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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