Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Caution evidenceCoverage 4/5 core metricsLatest reported annual revenue changed -15.8% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -15.8% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin compressed
Operating margin changed -9.5 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- No current rule-based risk flags
2 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Master Planned Community Land Sales$563M54.4%+24.1% yoy
- Condominium Rights And Unit Sales$370M35.8%-52.5% yoy
- Builder Price Participation$52.3M5.1%+0.6% yoy
- Other Land Rental And Property Revenues$48.4M4.7%+8.1% yoy
Members sum to $1.03B against $1.47B consolidated (residual $441M) - eliminations or corporate lines the filer did not tag on this axis.
- Condominium Rights And Unit Sales$706M78.5%+365864.2% yoy
- Master Planned Community Land Sales$171M19.0%+36.7% yoy
- Other Revenues$15.8M1.8%+51.5% yoy
- Builder Price Participation$6.87M0.8%-51.4% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 883 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1.5B | 61stof 3,247 middle third | 70thof 528 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -15.8% | 8thof 3,083 bottom third | 7thof 505 bottom third |
Operating margin operating income ÷ revenue | 22.5% | 87thof 2,777 top third | 66thof 230 middle third |
Net margin net income ÷ revenue | 8.4% | 67thof 3,212 top third | 40thof 522 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 3.3% | 48thof 3,520 middle third | 26thof 752 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.3% | 59thof 2,852 middle third | 72ndof 413 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 7.9× | 14thof 1,524 bottom third | 20thof 290 bottom third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 3.7× | 86thof 2,243 top third | 92ndof 687 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -3.4% | 41stof 3,845 middle third | 71stof 837 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 1.5% | 56thof 3,301 middle third | 64thof 770 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 23 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $630K 10-Q 2024-07-26 | $13.9M 10-K 2025-02-26 | +2112.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$16.7M 10-Q 2024-05-08 | $12.6M 10-K 2026-02-19 | +175.4% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | $14.9M 10-Q 2024-05-08 | $37.8M 10-K 2025-02-26 | +152.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$528M 10-K 2024-02-27 | $216M 10-K 2026-02-19 | +140.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$627M 10-Q 2023-11-06 | $59.4M 10-K 2025-02-26 | +109.5% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | $64.7M 10-Q 2024-07-26 | $88.5M 10-K 2026-02-19 | +36.7% | first · latest · 4 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-09-30 | $56M 10-Q 2023-11-06 | $42.7M 10-Q 2024-11-04 | -23.7% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2022-12-31 | $200M 10-K 2024-02-27 | $155M 10-K 2025-02-26 | -22.8% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2023-12-31 | $216M 10-K 2024-02-27 | $169M 10-K 2026-02-19 | -21.9% | first · latest · 3 filings carry it |
| Revenue Revenues | quarter 2023-06-30 | $223M 10-Q 2024-07-26 | $186M 10-K 2025-02-26 | -16.8% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2024-03-31 | $52.2M 10-Q 2024-05-08 | $44.2M 10-Q 2025-05-07 | -15.4% | first · latest |
| Revenue Revenues | quarter 2023-09-30 | $269M 10-Q 2023-11-06 | $228M 10-K 2025-02-26 | -15.0% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | $369M 10-K 2024-02-27 | $424M 10-K 2025-02-26 | +14.9% | first · latest |
| Debt issued ProceedsFromIssuanceOfLongTermDebt | fiscal year 2023-12-31 | $792M 10-K 2024-02-27 | $677M 10-K 2026-02-19 | -14.5% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2024-06-30 | $52.6M 10-Q 2024-07-26 | $46.6M 10-Q 2025-08-06 | -11.5% | first · latest |
| Revenue Revenues | fiscal year 2023-12-31 | $1.02B 10-K 2024-02-27 | $909M 10-K 2026-02-19 | -11.3% | first · latest · 3 filings carry it |
| Revenue Revenues | quarter 2024-06-30 | $317M 10-Q 2024-07-26 | $283M 10-K 2026-02-19 | -10.7% | first · latest · 4 filings carry it |
| Revenue Revenues | quarter 2024-03-31 | $171M 10-Q 2024-05-08 | $156M 10-K 2026-02-19 | -8.6% | first · latest · 4 filings carry it |
| Revenue Revenues | quarter 2023-03-31 | $196M 10-Q 2024-05-08 | $182M 10-K 2025-02-26 | -7.5% | first · latest |
| Revenue Revenues | fiscal year 2022-12-31 | $1.61B 10-K 2024-02-27 | $1.49B 10-K 2025-02-26 | -7.4% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $627M 10-Q 2023-11-06 | $610M 10-K 2025-02-26 | -2.6% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-09-30 | $492M 10-Q 2023-11-06 | $485M 10-Q 2024-11-04 | -1.4% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-06-30 | $437M 10-Q 2024-07-26 | $433M 10-Q 2025-08-06 | -0.8% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for HHH yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.