The Filing Desk

Douglas Emmett vs Highwoods Properties

Douglas Emmett DEI · Highwoods Properties HIW · Office REITs

Douglas Emmett reported revenue of $1.0 billion in fiscal 2025, 1.2 times Highwoods Properties' $806 million in fiscal 2025. Douglas Emmett's revenue grew 1.8% in its latest year, and Highwoods Properties' fell 2.4%.

Side by side

Douglas EmmettHighwoods Properties
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.0B$806M
Revenue growth1.8%−2.4%
Revenue growth a year, last 5 years2.4%1.8%
Gross margin63.4%—
Operating margin—67.6%
Net margin1.6%20.2%
Free cash flow$194M—
Free cash flow margin19.4%—
Return on capital——
Net debt to EBITDA——
Dividends and buybacks$127M$217M
Change in diluted share count0.0%2.1%
Last close$10.17$31.47
P/E at the last close—37.5×
Insider trades, last 12 monthsbought $1.5 million, sold $0—
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Douglas EmmettHighwoods Properties
Operating margin
Percent of revenue
Douglas EmmettHighwoods Properties
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Douglas EmmettHighwoods Properties

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Douglas Emmett and Highwoods Properties pages.