Highwoods Properties (HIW) Ratios
Highwoods Properties Ratios
MX:HIW's free cash flow for Q3 2026 was $128.41M. For the 2026 fiscal year, MX:HIW's free cash flow was decreased by $-60.27M and operating cash flow was $188.68M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 42.45 | 1.64 | 2.27 | 1.50 | 1.33 |
| Quick Ratio | 42.45 | 1.46 | 2.27 | 1.50 | 1.33 |
| Cash Ratio | 3.11 | 0.07 | 0.13 | 0.08 | 0.08 |
| Solvency Ratio | 0.12 | 0.11 | 0.13 | 0.13 | 0.19 |
| Operating Cash Flow Ratio | 41.73 | 1.33 | 2.03 | 1.54 | 1.41 |
| Short-Term Operating Cash Flow Coverage | 41.73 | 43.74 | 56.68 | 0.00 | 0.00 |
| Net Current Asset Value | $ -3.46B | $ -3.10B | $ -3.08B | $ -3.09B | $ -2.69B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.58 | 0.55 | 0.54 | 0.53 | 0.49 |
| Debt-to-Equity Ratio | 1.53 | 1.39 | 1.32 | 1.29 | 1.13 |
| Debt-to-Capital Ratio | 0.60 | 0.58 | 0.57 | 0.56 | 0.53 |
| Long-Term Debt-to-Capital Ratio | 0.60 | 0.58 | 0.57 | 0.56 | 0.53 |
| Financial Leverage Ratio | 2.64 | 2.55 | 2.47 | 2.45 | 2.30 |
| Debt Service Coverage Ratio | 3.78 | 3.52 | 4.09 | 5.28 | 7.79 |
| Interest Coverage Ratio | 1.37 | 1.45 | 1.63 | 2.27 | 2.70 |
| Debt to Market Cap | 1.28 | 1.02 | 1.33 | 1.09 | 0.60 |
| Interest Debt Per Share | 34.94 | 32.41 | 31.74 | 31.42 | 27.58 |
| Net Debt to EBITDA | 5.92 | 5.94 | 5.43 | 5.70 | 4.14 |
| Profitability Margins | |||||
| Gross Profit Margin | 67.58% | 67.04% | 67.77% | 68.66% | 69.21% |
| EBIT Margin | 39.09% | 30.45% | 34.54% | 32.49% | 53.28% |
| EBITDA Margin | 75.68% | 66.66% | 70.44% | 67.19% | 87.03% |
| Operating Profit Margin | 25.99% | 25.76% | 26.73% | 28.86% | 30.18% |
| Pretax Profit Margin | 20.18% | 12.62% | 18.15% | 19.78% | 42.10% |
| Net Profit Margin | 19.80% | 12.38% | 17.83% | 19.19% | 40.79% |
| Continuous Operations Profit Margin | 20.18% | 12.62% | 18.15% | 19.78% | 42.10% |
| Net Income Per EBT | 98.13% | 98.08% | 98.27% | 97.01% | 96.90% |
| EBT Per EBIT | 77.65% | 49.01% | 67.88% | 68.53% | 139.50% |
| Return on Assets (ROA) | 2.54% | 1.70% | 2.48% | 2.62% | 5.50% |
| Return on Equity (ROE) | 6.71% | 4.33% | 6.11% | 6.42% | 12.65% |
| Return on Capital Employed (ROCE) | 3.34% | 3.72% | 3.84% | 4.13% | 4.29% |
| Return on Invested Capital (ROIC) | 24.78% | 3.72% | 3.83% | 4.13% | 4.29% |
| Return on Tangible Assets | 2.65% | 1.70% | 2.48% | 2.62% | 5.50% |
| Earnings Yield | 5.70% | 3.15% | 6.14% | 5.41% | 6.74% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.25 | 2.45 | 2.43 | 2.60 | 2.71 |
| Payables Turnover | 0.00 | 1.33 | 1.43 | 0.95 | 0.90 |
| Inventory Turnover | 0.00 | 4.91 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.00 | 0.00 | 0.00 | 0.17 | 0.16 |
| Asset Turnover | 0.13 | 0.14 | 0.14 | 0.14 | 0.13 |
| Working Capital Turnover Ratio | 2.88 | 3.75 | 4.34 | 7.03 | 3.79 |
| Cash Conversion Cycle | 162.33 | -50.50 | -104.04 | -243.25 | -271.75 |
| Days of Sales Outstanding | 162.33 | 149.00 | 150.35 | 140.53 | 134.76 |
| Days of Inventory Outstanding | 0.00 | 74.31 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 0.00 | 273.81 | 254.39 | 383.78 | 406.51 |
| Operating Cycle | 162.33 | 223.31 | 150.35 | 140.53 | 134.76 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 3.39 | 3.80 | 3.73 | 4.01 | 3.98 |
| Free Cash Flow Per Share | 1.54 | 3.80 | 2.06 | 4.01 | 3.98 |
| Dividend Paid and CapEx Coverage Ratio | 0.87 | 1.88 | 1.01 | 1.98 | 2.01 |
| Capital Expenditure Coverage Ratio | 1.83 | 0.00 | 2.23 | 1597.65 | 0.00 |
| Operating Cash Flow Coverage Ratio | 0.10 | 0.12 | 0.12 | 0.13 | 0.15 |
| Operating Cash Flow to Sales Ratio | 0.46 | 0.49 | 0.47 | 0.51 | 0.54 |
| Free Cash Flow Yield | 5.95% | 12.43% | 8.95% | 14.33% | 8.92% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 17.81 | 32.53 | 16.29 | 18.49 | 14.84 |
| Price-to-Sales (P/S) Ratio | 3.47 | 3.93 | 2.91 | 3.55 | 6.05 |
| Price-to-Book (P/B) Ratio | 1.18 | 1.37 | 1.00 | 1.19 | 1.88 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 16.81 | 8.04 | 11.17 | 6.98 | 11.21 |
| Price-to-Operating Cash Flow Ratio | 7.62 | 8.04 | 6.16 | 6.97 | 11.21 |
| Price-to-Earnings Growth (PEG) Ratio | 0.33 | -1.00 | -2.43 | -0.37 | -1.45 |
| Enterprise Value Multiple | 10.51 | 11.84 | 9.55 | 10.98 | 11.09 |
| Enterprise Value | 6.41B | 6.52B | 5.61B | 6.12B | 7.41B |
| EV to EBITDA | 10.51 | 11.84 | 9.55 | 10.98 | 11.09 |
| EV to Sales | 7.95 | 7.89 | 6.73 | 7.38 | 9.65 |
| EV to Free Cash Flow | 38.49 | 16.15 | 25.86 | 14.51 | 17.88 |
| EV to Operating Cash Flow | 17.45 | 16.15 | 14.26 | 14.50 | 17.88 |
| Tangible Book Value Per Share | 20.21 | 22.90 | 23.57 | 24.40 | 25.05 |
| Shareholders’ Equity Per Share | 21.94 | 22.24 | 23.06 | 23.56 | 23.77 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue Per Share | 7.43 | 7.78 | 7.90 | 7.89 | 7.37 |
| Net Income Per Share | 1.47 | 0.96 | 1.41 | 1.51 | 3.01 |
| Tax Burden | 0.98 | 0.98 | 0.98 | 0.97 | 0.97 |
| Interest Burden | 0.52 | 0.41 | 0.53 | 0.61 | 0.79 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Income Quality | 4963.66 | 3.87 | 2.65 | 2.57 | 1.28 |
Currency in USD