Highwoods Properties Income Statement

HIW / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Highwoods Properties reported $806M in revenue and $163M in net income for FY2025. Revenue has grown at a 1.7% compound annual rate over the past 8 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.54 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$806.1M	$825.9M	$768.0M	$736.9M	$736.0M	$720.0M	$702.7M	$720.0M	$702.7M	-	-	-	-	-	-
SG&A Expense	$40.3M	$41.9M	$40.6M	$41.0M	$44.1M	$40.0M	$39.6M	$40.0M	$39.6M	$38.2M	$37.6M	$35.3M	$36.4M	$37.4M	$35.7M
Operating Income	$544.7M	$553.7M	$531.6M	$505.1M	$487.5M	$477.6M	$465.8M	$477.6M	$465.8M	$434.5M	$388.7M	$350.0M	$320.8M	$308.3M	$274.6M
Interest Expense	$152.4M	$147.2M	$85.9M	$81.0M	$81.6M	$71.4M	$69.1M	$71.4M	$69.1M	$76.6M	$86.1M	$85.1M	$91.9M	$96.1M	$95.5M
Net Income	$162.7M	$104.3M	$323.3M	$357.9M	$141.7M	$177.6M	$191.7M	$177.6M	$191.7M	$541.1M	$101.3M	$116.0M	$131.1M	$84.2M	$48.0M
EPS (Basic)	$1.45	$1.49	$2.98	$3.32	$1.30	$1.64	$1.78	$1.64	$1.78	$5.30	$1.00	$1.20	$1.44	$1.02	$0.54
EPS (Diluted)	$1.45	$1.49	$2.98	$3.32	$1.30	$1.64	$1.78	$1.64	$1.78	$5.30	$1.00	$1.19	$1.44	$1.02	$0.54
Shares Outstanding	109.9M	105.7M	105.2M	104.9M	103.9M	103.8M	103.6M	106.3M	105.6M	101.4M	97.4M	93.8M	88.8M	79.7M	76.2M
Operating Margin	67.6%	67.0%	69.2%	68.5%	66.2%	66.3%	66.3%	66.3%	66.3%	-	-	-	-	-	-
Profit Margin	20.2%	12.6%	42.1%	48.6%	19.3%	24.7%	27.3%	24.7%	27.3%	-	-	-	-	-	-

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Highwoods Properties Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$806.1M

$825.9M

$768.0M

$736.9M

$736.0M

$720.0M

$702.7M

$720.0M

$702.7M

SG&A Expense

$40.3M

$41.9M

$40.6M

$41.0M

$44.1M

$40.0M

$39.6M

$40.0M

$39.6M

$38.2M

$37.6M

$35.3M

$36.4M

$37.4M

$35.7M

Operating Income

$544.7M

$553.7M

$531.6M

$505.1M

$487.5M

$477.6M

$465.8M

$477.6M

$465.8M

$434.5M

$388.7M

$350.0M

$320.8M

$308.3M

$274.6M

Interest Expense

$152.4M

$147.2M

$85.9M

$81.0M

$81.6M

$71.4M

$69.1M

$71.4M

$69.1M

$76.6M

$86.1M

$85.1M

$91.9M

$96.1M

$95.5M

Net Income

$162.7M

$104.3M

$323.3M

$357.9M

$141.7M

$177.6M

$191.7M

$177.6M

$191.7M

$541.1M

$101.3M

$116.0M

$131.1M

$84.2M

$48.0M

EPS (Basic)

$1.45

$1.49

$2.98

$3.32

$1.30

$1.64

$1.78

$1.64

$1.78

$5.30

$1.00

$1.20

$1.44

$1.02

$0.54

EPS (Diluted)

$1.45

$1.49

$2.98

$3.32

$1.30

$1.64

$1.78

$1.64

$1.78

$5.30

$1.00

$1.19

$1.44

$1.02

$0.54

Shares Outstanding

109.9M

105.7M

105.2M

104.9M

103.9M

103.8M

103.6M

106.3M

105.6M

101.4M

97.4M

93.8M

88.8M

79.7M

76.2M

Operating Margin

67.6%

67.0%

69.2%

68.5%

66.2%

66.3%

Profit Margin

20.2%

12.6%

42.1%

48.6%

19.3%

24.7%

27.3%

24.7%

27.3%