Howard Hughes Holdings Inc. (HHH) intrinsic value & 10-year financials
Howard Hughes Holdings Inc. (HHH) has a Graham intrinsic value of $73.41 per share. At $68.69 on Oct 17, 2026, the stock trades 6% below that value. Over the last 6 fiscal years revenue grew 0.8% a year to $1.5B, with an average return on invested capital of 3.2%.
- Graham intrinsic value
- $73.41
- Share price (Oct 17, 2026)
- $68.69
- Price vs Graham value
- 6% below
- Market cap
- $3.8B
- Revenue (FY2025)
- $1.5B
- Revenue growth (6-yr CAGR)
- 0.8%
- ROIC (10-yr avg)
- 3.2%
- Free cash flow (FY2025)
- —
HHH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $123.9M | $2.21 | — | 22.5% | 3.5% |
| FY2024 | $1.8B | $197.7M | $3.96 | — | 32.0% | 5.3% |
| FY2023 | $1.0B | -$551.8M | -$11.13 | — | -51.6% | -5.3% |
| FY2022 | $1.6B | $184.5M | $3.65 | — | 22.9% | 7.7% |
| FY2021 | $1.4B | $48.9M | $1.03 | — | 16.9% | 5.0% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Howard Hughes Holdings Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Howard Hughes Holdings Inc. has historically struggled to out-earn its cost of capital, averaging just 1.2% ROIC.
Howard Hughes Holdings Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Howard Hughes Holdings Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $73.41 per share.