HPP · Hudson Pacific Properties, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · HPP

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$831.11M	$842.08M	$952.30M	$1.03B	$896.84M	$804.97M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	$403.36M	$388.00M	$501.83M	$612.41M	$560.99M	$505.19M
R&D	-	-	-	-	-	-
SG&A	$72.95M	$79.45M	$74.96M	$79.50M	$71.35M	$77.88M
Total Operating Expenses	$875.66M	$887.96M	$923.27M	$866.54M	$750.81M	$677.34M
D&A	$374.97M	$354.43M	$397.85M	$373.22M	$343.61M	$299.68M
Operating Income	($592.57M)	($379.76M)	$29.01M	-	-	-
Interest Expense	$172.22M	$177.39M	$214.41M	$149.90M	$121.94M	$116.48M
Income Tax	($273.0K)	$1.64M	$6.80M	($7.50M)	$0	$0
Net Income	($592.30M)	($381.40M)	($170.70M)	($16.50M)	$29.00M	$383.0K
EPS - Basic	($12.81)	($18.06)	($9.52)	($2.73)	$0.28	$0.00
EPS - Diluted	($12.81)	($18.06)	($9.52)	($2.73)	$0.28	$0.00

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$138.36M	$63.26M	$100.39M	$255.76M	$96.56M	$113.69M
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	$4.91M	$1.58M	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$7.27B	$8.13B	$8.28B	$9.32B	$8.99B	$8.35B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$3.35B◇	$4.18B◇	$3.95B◇	$66.14M◇	-	-
Total Liabilities	$4.06B	$4.95B	$4.72B	$5.43B	$4.65B	$4.24B
Stockholders' Equity	$2.97B	$2.86B	$3.08B	$3.31B	$3.74B	$3.46B
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$120.98M	$164.66M	$232.26M	$369.50M	$314.86M	$302.03M
Investing Cash Flow	$42.84M	($250.54M)	$467.84M	($378.09M)	($754.21M)	($1.01B)
Financing Cash Flow	($100.87M)	$65.90M	($866.67M)	$97.45M	$486.68M	$796.09M
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	48.5%	46.1%	52.7%	59.7%	62.6%	62.8%
Operating margin	-71.3%	-45.1%	3.0%	-	-	-
EBITDA margin	-26.2%	-3.0%	44.8%	-	-	-
Net margin	-71.3%	-45.3%	-17.9%	-1.6%	3.2%	0.0%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	8.8%	9.4%	7.9%	7.7%	8.0%	9.7%
Effective tax rate	-	-	-	-	0.0%	0.0%
Return on assets	-8.1%	-4.7%	-2.1%	-0.2%	0.3%	0.0%
Return on equity	-19.9%	-13.4%	-5.5%	-0.5%	0.8%	0.0%
Return on invested capital	-7.4%	-4.3%	0.3%	-	-	-
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	1.13	1.46	1.28	0.02	-	-
Debt / Assets	0.46	0.51	0.48	0.01	-	-
Debt / EBITDA	-	-	9.24	-	-	-
Interest coverage	-3.4x	-2.1x	0.1x	-	-	-
Equity multiplier	2.45	2.85	2.69	2.82	2.40	2.41
Liabilities / Assets	0.56	0.61	0.57	0.58	0.52	0.51
Efficiency
Asset turnover	0.11	0.10	0.11	0.11	0.10	0.10
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	617.8x	-
P / B	0.2x	1.0x	3.0x	3.0x	7.0x	7.4x
P / S	0.6x	3.6x	9.6x	9.5x	29.3x	32.0x
EV / EBITDA	-	-	30.5x	-	-	-
Growth
Revenue growth (YoY)	-1.3%	-11.6%	-7.2%	14.4%	11.4%	-1.6%
Revenue CAGR (3y)	-6.8%	-2.1%	5.8%	7.8%	11.9%	-
Revenue CAGR (5y)	0.6%	0.6%	8.3%	-	-	-
Gross profit growth (YoY)	4.0%	-22.7%	-18.1%	9.2%	11.0%	-
Operating income growth (YoY)	-56.0%	-	-	-	-	-
Net income growth (YoY)	-55.3%	-123.4%	-934.5%	-	7471.8%	-99.1%
EPS growth (YoY)	29.1%	-89.7%	-248.7%	-	-	-
EPS CAGR (3y)	-	-	-	-	-23.7%	-
EPS CAGR (5y)	-	-	-	-	2.3%	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	4.1%	-7.2%	-6.9%	-11.7%	8.0%	1.4%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$94.46M total

Studio Segment$80.19M · 84.9%

Office Segment$14.27M · 15.1%

Product / service

$790.52M total

Core Office$682.60M · 86.3%

Ancillary Revenue$75.18M · 9.5%

Other Revenues$17.13M · 2.2%

Chargebacks$13.46M · 1.7%

Studio Related Tenant Recoveries$2.15M · 0.3%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
-Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Real Estate

Company	Revenue (last FY)	Net margin	ROE
CBRE	$40.55B	2.9%	13.0%
FOR	$1.66B	10.1%	9.5%
TRC	$49.59M	0.2%	0.0%
CWK	$10.29B	0.9%	4.5%
FRPH	$42.85M	7.8%	0.8%

Comparing Hudson Pacific Properties against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months · -100.0% YoY

Ex-date	Per share
Jun 17, 2024	$0.3500
Mar 15, 2024	$0.3500
Jun 16, 2023	$0.8750
Mar 17, 2023	$1.7500
Dec 16, 2022	$1.7500
Sep 16, 2022	$1.7500
Jun 16, 2022	$1.7500
Mar 18, 2022	$1.7500
Dec 17, 2021	$1.7500
Sep 17, 2021	$1.7500
Jun 17, 2021	$1.7500
Mar 18, 2021	$1.7500
Dec 18, 2020	$1.7500
Sep 17, 2020	$1.7500
Jun 18, 2020	$1.7500
Mar 19, 2020	$1.7500
Dec 19, 2019	$1.7500
Sep 19, 2019	$1.7500
Jun 14, 2019	$1.7500
Mar 15, 2019	$1.7500
Dec 14, 2018	$1.7500
Sep 17, 2018	$1.7500
Jun 18, 2018	$1.7500
Mar 16, 2018	$1.7500

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.