Howard Hughes vs Zillow
Zillow reported revenue of $2.6 billion in fiscal 2025, 1.8 times Howard Hughes' $1.5 billion in fiscal 2025. Howard Hughes' revenue fell 15.8% in its latest year, and Zillow's grew 15.5%. Howard Hughes had an operating margin of 22.5%, against -1.3% at Zillow. Free cash flow was $418 million at Howard Hughes and $235 million at Zillow.
Side by side
| Howard Hughes | Zillow | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.5B | $2.6B |
| Revenue growth | −15.8% | 15.5% |
| Revenue growth a year, last 5 years | — | 9.7% |
| Gross margin | — | 74.1% |
| Operating margin | 22.5% | −1.3% |
| Net margin | 8.4% | 0.9% |
| Free cash flow | $418M | $235M |
| Free cash flow margin | 28.3% | 9.1% |
| Return on capital | 3.4% | −0.9% |
| Net debt to EBITDA | 7.1x | −5.6x |
| Dividends and buybacks | $0M | $670M |
| Change in diluted share count | 12.3% | 8.6% |
| Last close | $73.30 | $33.73 |
| P/E at the last close | 15.0× | 153.3× |
| Insider trades, last 12 months | bought $2.1 million, sold $1.6 million | sold $14.6 million |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ 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
Howard HughesZillow
Operating margin
Percent of revenue
Howard HughesZillow
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Howard HughesZillow
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 Howard Hughes and Zillow pages.