Financials in USD. Standardized financial statements.
A compact view of how Highwoods Properties, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $806.11M | $825.86M | $834.00M | $828.93M | $768.01M | $736.90M | $735.98M | $720.03M | $702.74M | $665.63M |
| Revenue Growth? | -2.4% | -1.0% | +0.6% | +7.9% | +4.2% | +0.1% | +2.2% | +2.5% | +5.6% | 0.0% |
| Cost of Revenue? | $261.37M | $272.17M | $268.78M | $259.81M | $236.44M | $231.82M | $248.51M | $242.41M | $236.89M | $231.09M |
| Gross Profit? | $544.74M | $553.69M | $565.22M | $569.12M | $531.57M | $505.07M | $487.47M | $477.62M | $465.85M | $434.55M |
| Gross Margin? | +67.6% | +67.0% | +67.8% | +68.7% | +69.2% | +68.5% | +66.2% | +66.3% | +66.3% | +65.3% |
| Operating Expenses? | $335.26M | $340.95M | $342.27M | $329.88M | $299.81M | $282.62M | $298.57M | $269.96M | $267.48M | $258.29M |
| Operating Income? | $209.48M | $212.74M | $222.95M | $239.25M | $231.76M | $222.46M | $188.90M | $207.66M | $198.37M | $176.26M |
| EBITDA? | $610.04M | $550.50M | $587.45M | $556.95M | $668.42M | $680.46M | $477.83M | $407.58M | $419.50M | $342.69M |
| Income Before Tax | $162.65M | $104.25M | $151.33M | $163.96M | $323.31M | $357.91M | $141.68M | $177.63M | $191.66M | $122.55M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83.98M | -$317.31M |
| Net Income? | $159.61M | $102.25M | $148.72M | $159.06M | $313.28M | $347.40M | $136.92M | $171.84M | $185.37M | $524.29M |
| EPS? | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $0.52 | $1.66 | $1.78 | $5.30 |
| Diluted EPS? | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $0.51 | $1.62 | $1.78 | $5.30 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality