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Side-by-side financial comparison of HIGHWOODS PROPERTIES, INC. (HIW) and ROGERS CORP (ROG). Click either name above to swap in a different company.
HIGHWOODS PROPERTIES, INC. is the larger business by last-quarter revenue ($203.4M vs $200.5M, roughly 1.0× ROGERS CORP). HIGHWOODS PROPERTIES, INC. runs the higher net margin — 14.6% vs 2.2%, a 12.4% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -1.1%). Over the past eight quarters, HIGHWOODS PROPERTIES, INC.'s revenue compounded faster (-1.9% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
HIW vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $203.4M | $200.5M |
| Net Profit | $29.7M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | 67.2% | — |
| Net Margin | 14.6% | 2.2% |
| Revenue YoY | -1.1% | 5.2% |
| Net Profit YoY | 1029.4% | 421.4% |
| EPS (diluted) | $0.25 | $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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $203.4M | $201.5M | ||
| Q3 25 | $201.8M | $216.0M | ||
| Q2 25 | $200.6M | $202.8M | ||
| Q1 25 | $200.4M | $190.5M | ||
| Q4 24 | $205.5M | $192.2M | ||
| Q3 24 | $204.3M | $210.3M | ||
| Q2 24 | $204.7M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $29.7M | $4.6M | ||
| Q3 25 | $13.7M | $8.6M | ||
| Q2 25 | $19.2M | $-73.6M | ||
| Q1 25 | $100.0M | $-1.4M | ||
| Q4 24 | $-3.2M | $-500.0K | ||
| Q3 24 | $15.5M | $10.7M | ||
| Q2 24 | $64.8M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 67.2% | 3.5% | ||
| Q3 25 | 67.3% | 7.3% | ||
| Q2 25 | 68.3% | -33.3% | ||
| Q1 25 | 67.5% | -0.2% | ||
| Q4 24 | 65.2% | -6.6% | ||
| Q3 24 | 67.8% | 6.9% | ||
| Q2 24 | 68.5% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 14.6% | 2.3% | ||
| Q3 25 | 6.8% | 4.0% | ||
| Q2 25 | 9.6% | -36.3% | ||
| Q1 25 | 49.9% | -0.7% | ||
| Q4 24 | -1.6% | -0.3% | ||
| Q3 24 | 7.6% | 5.1% | ||
| Q2 24 | 31.6% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.25 | $0.20 | ||
| Q3 25 | $0.12 | $0.48 | ||
| Q2 25 | $0.17 | $-4.00 | ||
| Q1 25 | $0.91 | $-0.08 | ||
| Q4 24 | $-0.04 | $-0.04 | ||
| Q3 24 | $0.14 | $0.58 | ||
| Q2 24 | $0.59 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.4M | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $1.2B |
| Total Assets | $6.3B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $27.4M | $197.0M | ||
| Q3 25 | $26.3M | $167.8M | ||
| Q2 25 | $21.2M | $157.2M | ||
| Q1 25 | $20.1M | $175.6M | ||
| Q4 24 | $22.4M | $159.8M | ||
| Q3 24 | $23.6M | $146.4M | ||
| Q2 24 | $27.0M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $6.3B | $1.4B | ||
| Q3 25 | $6.1B | $1.4B | ||
| Q2 25 | $6.1B | $1.5B | ||
| Q1 25 | $6.1B | $1.5B | ||
| Q4 24 | $6.0B | $1.5B | ||
| Q3 24 | $6.0B | $1.5B | ||
| Q2 24 | $6.0B | $1.5B |
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 | $359.2M | $5.8M |
| Free Cash FlowOCF − Capex | — | $1.1M |
| FCF MarginFCF / Revenue | — | 0.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 12.09× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $359.2M | $46.9M | ||
| Q3 25 | $96.7M | $28.9M | ||
| Q2 25 | $116.5M | $13.7M | ||
| Q1 25 | $46.3M | $11.7M | ||
| Q4 24 | $403.6M | $33.7M | ||
| Q3 24 | $97.5M | $42.4M | ||
| Q2 24 | $130.0M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $21.2M | ||
| Q2 25 | — | $5.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 12.09× | 10.20× | ||
| Q3 25 | 7.05× | 3.36× | ||
| Q2 25 | 6.06× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.30× | 3.96× | ||
| Q2 24 | 2.01× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIW
| Raleigh NC | $45.6M | 22% |
| Nashville TN | $38.7M | 19% |
| Atlanta GA | $36.1M | 18% |
| Charlotte NC | $26.1M | 13% |
| Tampa FL | $22.2M | 11% |
| Orlando FL | $14.4M | 7% |
| Other | $11.4M | 6% |
| Richmond VA | $8.8M | 4% |
ROG
Segment breakdown not available.
