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Side-by-side financial comparison of HIGHWOODS PROPERTIES, INC. (HIW) and Trip.com Group Ltd (TCOM). Click either name above to swap in a different company.
Trip.com Group Ltd is the larger business by last-quarter revenue ($304.6M vs $203.4M, roughly 1.5× HIGHWOODS PROPERTIES, INC.). Trip.com Group Ltd runs the higher net margin — 27.8% vs 14.6%, a 13.2% gap on every dollar of revenue.
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.
Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.
HIW vs TCOM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $203.4M | $304.6M |
| Net Profit | $29.7M | $84.6M |
| Gross Margin | — | 78.8% |
| Operating Margin | 67.2% | 16.5% |
| Net Margin | 14.6% | 27.8% |
| Revenue YoY | -1.1% | — |
| Net Profit YoY | 1029.4% | — |
| EPS (diluted) | $0.25 | $0.12 |
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 | $203.4M | $304.6M | ||
| Q3 25 | $201.8M | — | ||
| Q2 25 | $200.6M | — | ||
| Q1 25 | $200.4M | — | ||
| Q4 24 | $205.5M | — | ||
| Q3 24 | $204.3M | — | ||
| Q2 24 | $204.7M | $242.7M | ||
| Q1 24 | $211.3M | — |
| Q4 25 | $29.7M | $84.6M | ||
| Q3 25 | $13.7M | — | ||
| Q2 25 | $19.2M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $-3.2M | — | ||
| Q3 24 | $15.5M | — | ||
| Q2 24 | $64.8M | $73.8M | ||
| Q1 24 | $27.2M | — |
| Q4 25 | — | 78.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 81.8% | ||
| Q1 24 | — | — |
| Q4 25 | 67.2% | 16.5% | ||
| Q3 25 | 67.3% | — | ||
| Q2 25 | 68.3% | — | ||
| Q1 25 | 67.5% | — | ||
| Q4 24 | 65.2% | — | ||
| Q3 24 | 67.8% | — | ||
| Q2 24 | 68.5% | 27.8% | ||
| Q1 24 | 66.7% | — |
| Q4 25 | 14.6% | 27.8% | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 49.9% | — | ||
| Q4 24 | -1.6% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 31.6% | 30.4% | ||
| Q1 24 | 12.9% | — |
| Q4 25 | $0.25 | $0.12 | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $0.91 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $0.14 | — | ||
| Q2 24 | $0.59 | $0.11 | ||
| Q1 24 | $0.25 | — |
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 | $10.8B |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $2.4B | $23.8B |
| Total Assets | $6.3B | $36.9B |
| Debt / EquityLower = less leverage | — | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.4M | $10.8B | ||
| Q3 25 | $26.3M | — | ||
| Q2 25 | $21.2M | — | ||
| Q1 25 | $20.1M | — | ||
| Q4 24 | $22.4M | — | ||
| Q3 24 | $23.6M | — | ||
| Q2 24 | $27.0M | $12.4B | ||
| Q1 24 | $16.4M | — |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $8.2B | ||
| Q1 24 | — | — |
| Q4 25 | $2.4B | $23.8B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | $18.1B | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $6.3B | $36.9B | ||
| Q3 25 | $6.1B | — | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $6.0B | $34.2B | ||
| Q1 24 | $6.0B | — |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | — |
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 | — |
| 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.
| Q4 25 | $359.2M | — | ||
| Q3 25 | $96.7M | — | ||
| Q2 25 | $116.5M | — | ||
| Q1 25 | $46.3M | — | ||
| Q4 24 | $403.6M | — | ||
| Q3 24 | $97.5M | — | ||
| Q2 24 | $130.0M | — | ||
| Q1 24 | $72.4M | — |
| 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
| 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% |
TCOM
| Others | $273.0M | 90% |
| Other | $31.6M | 10% |
