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Side-by-side financial comparison of HIGHWOODS PROPERTIES, INC. (HIW) and Orla Mining Ltd. (ORLA). Click either name above to swap in a different company.

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $203.4M, roughly 1.2× HIGHWOODS PROPERTIES, INC.).

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.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

HIW vs ORLA — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.2× larger
ORLA
$251.2M
$203.4M
HIW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HIW
HIW
ORLA
ORLA
Revenue
$203.4M
$251.2M
Net Profit
$29.7M
Gross Margin
Operating Margin
67.2%
Net Margin
14.6%
Revenue YoY
-1.1%
Net Profit YoY
1029.4%
EPS (diluted)
$0.25

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
ORLA
ORLA
Q4 25
$203.4M
Q3 25
$201.8M
$251.2M
Q2 25
$200.6M
$151.8M
Q1 25
$200.4M
Q4 24
$205.5M
Q3 24
$204.3M
$584.4M
Q2 24
$204.7M
$110.4M
Q1 24
$211.3M
Net Profit
HIW
HIW
ORLA
ORLA
Q4 25
$29.7M
Q3 25
$13.7M
Q2 25
$19.2M
Q1 25
$100.0M
Q4 24
$-3.2M
Q3 24
$15.5M
$-368.9M
Q2 24
$64.8M
Q1 24
$27.2M
Operating Margin
HIW
HIW
ORLA
ORLA
Q4 25
67.2%
Q3 25
67.3%
Q2 25
68.3%
Q1 25
67.5%
Q4 24
65.2%
Q3 24
67.8%
Q2 24
68.5%
Q1 24
66.7%
Net Margin
HIW
HIW
ORLA
ORLA
Q4 25
14.6%
Q3 25
6.8%
Q2 25
9.6%
Q1 25
49.9%
Q4 24
-1.6%
Q3 24
7.6%
-63.1%
Q2 24
31.6%
Q1 24
12.9%
EPS (diluted)
HIW
HIW
ORLA
ORLA
Q4 25
$0.25
Q3 25
$0.12
Q2 25
$0.17
Q1 25
$0.91
Q4 24
$-0.04
Q3 24
$0.14
Q2 24
$0.59
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
HIW
HIW
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$27.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$507.4M
Total Assets
$6.3B
$598.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIW
HIW
ORLA
ORLA
Q4 25
$27.4M
Q3 25
$26.3M
Q2 25
$21.2M
Q1 25
$20.1M
Q4 24
$22.4M
Q3 24
$23.6M
Q2 24
$27.0M
$96.6M
Q1 24
$16.4M
Stockholders' Equity
HIW
HIW
ORLA
ORLA
Q4 25
$2.4B
Q3 25
$2.4B
$507.4M
Q2 25
$2.4B
$507.4M
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
$968.6M
Q2 24
$2.4B
$400.5M
Q1 24
$2.4B
Total Assets
HIW
HIW
ORLA
ORLA
Q4 25
$6.3B
Q3 25
$6.1B
$598.3M
Q2 25
$6.1B
$598.3M
Q1 25
$6.1B
Q4 24
$6.0B
Q3 24
$6.0B
$1.3B
Q2 24
$6.0B
$535.8M
Q1 24
$6.0B

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
ORLA
ORLA
Operating Cash FlowLast quarter
$359.2M
$126.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIW
HIW
ORLA
ORLA
Q4 25
$359.2M
Q3 25
$96.7M
$126.9M
Q2 25
$116.5M
$74.9M
Q1 25
$46.3M
Q4 24
$403.6M
Q3 24
$97.5M
$92.4M
Q2 24
$130.0M
$22.4M
Q1 24
$72.4M
Cash Conversion
HIW
HIW
ORLA
ORLA
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%

ORLA
ORLA

Segment breakdown not available.

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