HIW FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
HIW's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
HIW FCF Yield by year
Yearly range of HIW’s fcf yield from 2016 to 2026. Over the full period it ranged from 5.7% to 17.9%, averaging 9.2%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.4% | 10.9% | 13.3% | 9.4% |
| 2025 | 10.1% | 11.7% | 13.6% | 10.6% |
| 2024 | 8.9% | 10.3% | 12.3% | 12.3% |
| 2023 | 11.0% | 13.3% | 17.9% | 12.5% |
| 2022 | 6.0% | 8.8% | 12.7% | 11.2% |
| 2021 | 6.5% | 7.5% | 9.2% | 6.5% |
| 2020 | 5.8% | 7.8% | 10.9% | 8.7% |
| 2019 | 6.2% | 8.2% | 9.1% | 6.2% |
| 2018 | 5.7% | 6.7% | 9.0% | 9.0% |
| 2017 | 5.7% | 6.6% | 8.4% | 8.2% |
| 2016 | 11.8% | 12.4% | 13.2% | 11.8% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is HIW FCF Yield High or Low Right Now?
Highwoods Properties, Inc.'s FCF Yield is currently 9.4%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for HIW is approximately 8.7%. See all HIW valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.