Highwoods Properties, Inc.
$7.25B- Market cap
- $3.44B
- Debt
- +$3.84B
- Cash
- −$27.36M
Capital structure 47% equity / 53% debt · EV / Revenue 9.00x · EV / EBITDA 9.54x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: HIW stock price at premium vs ALHC $31.20 current versus $5.21 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ALHC's multiple
Implied fair value · at HIW's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: HIW FY 2025 (ended Dec 31, 2025) · ALHC FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 47% equity / 53% debt · EV / Revenue 9.00x · EV / EBITDA 9.54x
Capital structure 90% equity / 10% debt · EV / Revenue 0.64x · EV / EBITDA 53.98x
HIW carries the larger enterprise value at $7.25B against $2.53B; ALHC trades on the lower EV / Revenue multiple (0.64x vs 9.00x); HIW on the lower EV / EBITDA (9.54x vs 53.98x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
HIGHWOODS PROPERTIES, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
ALIGNMENT HEALTHCARE, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.61x
1.80x
Net debt / EBITDA
Leverage against operating earnings
5.01x
-5.99x
Cash and equivalents
Liquid reserves on the balance sheet
$27.36M
$604.23M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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