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Side-by-side financial comparison of HIGHWOODS PROPERTIES, INC. (HIW) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $203.4M, roughly 1.6× HIGHWOODS PROPERTIES, INC.). HIGHWOODS PROPERTIES, INC. runs the higher net margin — 14.6% vs -18.0%, a 32.6% gap on every dollar of revenue. On growth, HIGHWOODS PROPERTIES, INC. posted the faster year-over-year revenue change (-1.1% vs -76.3%). Over the past eight quarters, HIGHWOODS PROPERTIES, INC.'s revenue compounded faster (-1.9% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
HIW vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $203.4M | $334.0M |
| Net Profit | $29.7M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 67.2% | — |
| Net Margin | 14.6% | -18.0% |
| Revenue YoY | -1.1% | -76.3% |
| Net Profit YoY | 1029.4% | -170.6% |
| EPS (diluted) | $0.25 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $203.4M | $334.0M | ||
| Q3 25 | $201.8M | $382.0M | ||
| Q2 25 | $200.6M | $397.0M | ||
| Q1 25 | $200.4M | $316.0M | ||
| Q4 24 | $205.5M | $336.0M | ||
| Q3 24 | $204.3M | $396.0M | ||
| Q2 24 | $204.7M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $29.7M | $-60.0M | ||
| Q3 25 | $13.7M | $105.0M | ||
| Q2 25 | $19.2M | $87.0M | ||
| Q1 25 | $100.0M | $61.0M | ||
| Q4 24 | $-3.2M | $85.0M | ||
| Q3 24 | $15.5M | $102.0M | ||
| Q2 24 | $64.8M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 67.2% | -11.4% | ||
| Q3 25 | 67.3% | 46.6% | ||
| Q2 25 | 68.3% | 37.8% | ||
| Q1 25 | 67.5% | 35.4% | ||
| Q4 24 | 65.2% | 38.4% | ||
| Q3 24 | 67.8% | 43.2% | ||
| Q2 24 | 68.5% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 14.6% | -18.0% | ||
| Q3 25 | 6.8% | 27.5% | ||
| Q2 25 | 9.6% | 21.9% | ||
| Q1 25 | 49.9% | 19.3% | ||
| Q4 24 | -1.6% | 25.3% | ||
| Q3 24 | 7.6% | 25.8% | ||
| Q2 24 | 31.6% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.25 | $-0.77 | ||
| Q3 25 | $0.12 | $1.36 | ||
| Q2 25 | $0.17 | $1.13 | ||
| Q1 25 | $0.91 | $0.78 | ||
| Q4 24 | $-0.04 | $1.06 | ||
| Q3 24 | $0.14 | $1.29 | ||
| Q2 24 | $0.59 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $468.0M |
| Total Assets | $6.3B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $27.4M | $64.0M | ||
| Q3 25 | $26.3M | $70.0M | ||
| Q2 25 | $21.2M | $50.0M | ||
| Q1 25 | $20.1M | $48.0M | ||
| Q4 24 | $22.4M | $103.0M | ||
| Q3 24 | $23.6M | $72.0M | ||
| Q2 24 | $27.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $2.4B | $468.0M | ||
| Q3 25 | $2.4B | $583.0M | ||
| Q2 25 | $2.4B | $570.0M | ||
| Q1 25 | $2.4B | $579.0M | ||
| Q4 24 | $2.4B | $650.0M | ||
| Q3 24 | $2.4B | $583.0M | ||
| Q2 24 | $2.4B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $6.3B | $4.2B | ||
| Q3 25 | $6.1B | $4.3B | ||
| Q2 25 | $6.1B | $4.3B | ||
| Q1 25 | $6.1B | $4.2B | ||
| Q4 24 | $6.0B | $4.2B | ||
| Q3 24 | $6.0B | $4.2B | ||
| Q2 24 | $6.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $359.2M | $152.0M | ||
| Q3 25 | $96.7M | $86.0M | ||
| Q2 25 | $116.5M | $70.0M | ||
| Q1 25 | $46.3M | $59.0M | ||
| Q4 24 | $403.6M | $134.0M | ||
| Q3 24 | $97.5M | $79.0M | ||
| Q2 24 | $130.0M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 12.09× | — | ||
| Q3 25 | 7.05× | 0.82× | ||
| Q2 25 | 6.06× | 0.80× | ||
| Q1 25 | 0.46× | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 6.30× | 0.77× | ||
| Q2 24 | 2.01× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
