15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $806M | $163M | 0.0% | 67.6% | 6.8% | 2.6% | — | — | $27M |
| 2024 | $826M | $104M | 0.0% | 67.0% | 4.4% | 1.7% | — | — | $22M |
| 2023 | $834M | $151M | 0.0% | 67.8% | 6.2% | 2.5% | — | — | $25M |
| 2022 | $829M | $164M | 0.0% | 68.7% | 6.6% | 2.7% | — | — | $21M |
| 2021 | $768M | $323M | 0.0% | 69.2% | 13.1% | 5.7% | — | — | $23M |
| 2020 | $737M | $358M | 0.0% | 68.5% | 15.3% | 6.9% | — | — | $109M |
| 2019 | $736M | $142M | 0.0% | 66.2% | 6.6% | 2.8% | — | — | $10M |
| 2018 | $720M | $178M | 0.0% | 66.3% | 7.9% | 3.8% | — | — | $4M |
| 2017 | $703M | $192M | 0.0% | 66.3% | 8.6% | 4.1% | — | — | $3M |
| 2016 | — | $541M | — | — | 25.3% | 11.9% | — | — | $49M |
| 2015 | — | $101M | — | — | 6.3% | 2.3% | — | — | $5M |
| 2014 | — | $116M | — | — | 7.6% | 2.9% | — | — | $9M |
| 2013 | — | $131M | — | — | 8.9% | 3.4% | — | — | $10M |
| 2012 | — | $84M | — | — | 7.3% | 2.5% | — | — | $14M |
| 2011 | — | $48M | — | — | 4.9% | 1.5% | — | — | $11M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Mar '26 | $214M | $33M | 0.0% | 66.8% | 1.4% | 0.5% | — | — | $32M |
| Dec '25 | $203M | $30M | 0.0% | 67.2% | 1.2% | 0.5% | — | — | $27M |
| Sep '25 | $202M | $14M | 0.0% | 67.3% | 0.6% | 0.2% | — | — | $26M |
| Jun '25 | $201M | $19M | 0.0% | 68.3% | 0.8% | 0.3% | — | — | $21M |
| Mar '25 | $200M | $100M | 0.0% | 67.5% | 4.1% | 1.6% | — | — | $20M |
| Dec '24 | $206M | -$3M | 0.0% | 65.2% | -0.1% | -0.1% | — | — | $22M |
| Sep '24 | $204M | $15M | 0.0% | 67.8% | 0.7% | 0.3% | — | — | $24M |
| Jun '24 | $205M | $65M | 0.0% | 68.5% | 2.7% | 1.1% | — | — | $27M |
| Mar '24 | $211M | $27M | 0.0% | 66.7% | 1.1% | 0.5% | — | — | $16M |
| Dec '23 | $207M | $39M | 0.0% | 66.4% | 1.6% | 0.7% | — | — | $25M |
| Sep '23 | $207M | $23M | 0.0% | 67.6% | 0.9% | 0.4% | — | — | $17M |
| Jun '23 | $207M | $44M | 0.0% | 68.0% | 1.8% | 0.7% | — | — | $17M |
| Mar '23 | $213M | $45M | 0.0% | 69.1% | 1.8% | 0.7% | — | — | $16M |
| Dec '22 | $212M | $29M | 0.0% | 67.1% | 1.2% | 0.5% | — | — | $21M |
| Sep '22 | $207M | $40M | 0.0% | 68.0% | 1.6% | 0.7% | — | — | $23M |
| Jun '22 | $204M | $53M | 0.0% | 69.4% | 2.1% | 0.9% | — | — | $25M |
| Mar '22 | $206M | $42M | 0.0% | 70.2% | 1.7% | 0.7% | — | — | $19M |
| Dec '21 | $203M | $129M | 0.0% | 68.8% | 5.2% | 2.3% | — | — | $23M |
| Sep '21 | $195M | $76M | 0.0% | 69.0% | 3.2% | 1.3% | — | — | $28M |
| Jun '21 | $186M | $62M | 0.0% | 69.7% | 2.6% | 1.2% | — | — | $7M |
How the market has priced HIW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Highwoods Properties, Inc.'s revenue has grown 1.8% per year, and net income declined 14.6% per year. These are computed facts, not advice.
As of FY2025, Highwoods Properties, Inc. reported — of total debt against $27M of cash; operating income covered interest expense 3.6×.
In FY2025, gross margin was —, operating margin 67.6%, and net margin 20.2%.
As of Sep '26, Highwoods Properties, Inc. traded at a price-to-earnings ratio of about 21.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.