Highwoods Properties financials
$28.64−2.62%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $806.1M | $825.9M | $834.0M | $828.9M | $768.0M | $736.9M | $736.0M | $720.0M | $702.7M | $665.6M |
| Gross profit | $806.1M | $825.9M | $834.0M | $828.9M | $768.0M | $736.9M | $736.0M | $720.0M | $702.7M | $665.6M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $200.7M | $188.1M | $222.9M | $202.7M | $231.8M | $220.7M | $183.0M | $207.2M | $196.9M | $176.3M |
| Net income | $157.3M | $99.8M | $146.2M | $156.6M | $310.8M | $344.9M | $134.4M | $169.3M | $182.9M | $521.8M |
| Net margin | 19.5% | 12.1% | 17.5% | 18.9% | 40.5% | 46.8% | 18.3% | 23.5% | 26.0% | 78.4% |
| Diluted EPS | $1.45 | $0.94 | $1.39 | $1.49 | $2.98 | $3.32 | $1.30 | $1.64 | $1.78 | $5.30 |
| EBITDA | $504.4M | $511.8M | $522.4M | $526.6M | $491.5M | $461.8M | $441.6M | $433.6M | $426.2M | $397.5M |
| Operating cash flow | $359.2M | $403.6M | $387.0M | $422.1M | $414.6M | $358.2M | $365.8M | $358.6M | $352.5M | $305.8M |
| Free cash flow | $309.5M | $358.4M | $288.8M | $180.6M | $194.6M | -$2.6M | $57.1M | $18.5M | $28.1M | -$44.2M |
| Diluted shares | 110.6M | 108.3M | 107.8M | 107.6M | 107.1M | 106.7M | 106.4M | 106.3M | 105.6M | 101.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $27.4M | $22.4M | $25.1M | $21.4M | $23.2M | $109.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.55B | $3.29B | $3.21B | $3.20B | $2.79B | $2.47B |
| Total assets | $6.27B | $6.03B | $6.00B | $6.06B | $5.70B | $5.21B |
| Total liabilities | $3.84B | $3.60B | $3.52B | $3.50B | $3.08B | $2.74B |
| Shareholders' equity | $2.38B | $2.37B | $2.44B | $2.50B | $2.50B | $2.36B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology