Hudson Pacific Properties, Inc. (HPP) Financial Ratios
19 years of historical data (2007–2025) · Real Estate · REIT - Office
EV/EBITDA
↑
13.02
+14% vs avg
5yr avg: 11.39
30Y Low6.3·High15.0
P/FCF
↑
6.45
↑+238% vs avg
5yr avg: 1.91
30Y Low0.4·High21.4
P/B Ratio
↑
0.16
↑+106% vs avg
5yr avg: 0.08
30Y Low0.0·High0.2
ROE
↓
-17.3%
↑-164% vs avg
5yr avg: -6.6%
30Y Low-305%·High3%
Debt/EBITDA
↑
11.49
+5% vs avg
5yr avg: 10.98
30Y Low5.3·High15.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HPP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hudson Pacific Properties, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 6.5x P/FCF, 238% above the 5-year average of 1.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $638M | $484M | $61M | $187M | $200M | $536M | $526M | $842M | $646M | $753M | $548M |
| Enterprise Value | $4.3B | $4.1B | $4.6B | $4.5B | $5.0B | $4.7B | $4.3B | $4.4B | $3.4B | $3.1B | $3.0B |
| P/E Ratio → | -0.92 | — | — | — | — | 88.25 | 1372.57 | 19.21 | 6.59 | 11.12 | 19.87 |
| P/S Ratio | 0.77 | 0.58 | 0.07 | 0.20 | 0.19 | 0.60 | 0.65 | 1.03 | 0.89 | 1.03 | 0.86 |
| P/B Ratio | 0.16 | 0.15 | 0.02 | 0.05 | 0.05 | 0.12 | 0.13 | 0.22 | 0.16 | 0.19 | 0.15 |
| P/FCF | 6.45 | 4.89 | 0.43 | 0.83 | 0.57 | 2.83 | — | 3.15 | — | 21.37 | — |
| P/OCF | 5.28 | 4.00 | 0.37 | 0.81 | 0.54 | 1.70 | 1.74 | 2.92 | 3.01 | 2.57 | 2.50 |
P/E links to full P/E history page with 30-year chart
HPP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hudson Pacific Properties, Inc.'s enterprise value stands at 13.0x EBITDA, 14% above its 5-year average of 11.4x. The Real Estate sector median is 16.8x, placing the stock at a 22% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.94 | 5.49 | 4.71 | 4.87 | 5.20 | 5.31 | 5.33 | 4.70 | 4.32 | 4.71 |
| EV / EBITDA | 13.02 | 12.54 | 14.98 | 10.51 | 9.37 | 9.52 | 6.31 | 6.51 | 8.56 | 7.48 | 8.40 |
| EV / EBIT | — | — | — | 88.85 | 37.45 | 30.88 | 33.45 | 27.05 | 18.10 | 17.61 | 26.11 |
| EV / FCF | — | 41.52 | 32.63 | 19.81 | 14.30 | 24.58 | — | 16.30 | — | 89.28 | — |
HPP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hudson Pacific Properties, Inc. earns an operating margin of -5.7%, below the Real Estate sector average of 24.7%. Operating margins have compressed from 3.0% to -5.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -17.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -42.1% | -42.1% | 46.1% | 52.7% | 59.7% | 62.6% | 62.7% | 63.0% | 63.2% | 65.1% | 64.2% |
| Operating Margin | -5.7% | -5.7% | -5.4% | 3.0% | 15.6% | 16.3% | 53.1% | 54.2% | 20.4% | 18.8% | 14.0% |
| Net Profit Margin | -66.4% | -66.4% | -40.8% | -18.3% | -3.4% | 1.1% | 0.3% | 5.4% | 13.6% | 9.5% | 4.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -17.3% | -17.3% | -10.2% | -4.7% | -0.9% | 0.2% | 0.1% | 1.1% | 2.5% | 1.8% | 0.8% |
| ROA | -7.2% | -7.2% | -4.2% | -2.0% | -0.4% | 0.1% | 0.0% | 0.6% | 1.5% | 1.0% | 0.4% |
| ROIC | -0.5% | -0.5% | -0.4% | 0.3% | 1.4% | 1.3% | 4.2% | 4.7% | 1.7% | 1.6% | 1.1% |
| ROCE | -0.7% | -0.7% | -0.6% | 0.4% | 1.9% | 1.8% | 5.6% | 6.3% | 2.2% | 2.1% | 1.4% |
HPP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hudson Pacific Properties, Inc. carries a Debt/EBITDA ratio of 11.5x, which is highly leveraged (49% above the sector average of 7.7x). Net debt stands at $3.6B ($3.8B total debt minus $138M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.46 | 1.24 | 1.30 | 0.98 | 0.94 | 0.93 | 0.72 | 0.63 | 0.69 |
| Debt / EBITDA | 11.49 | 11.49 | 14.98 | 10.31 | 9.48 | 8.62 | 5.70 | 5.32 | 7.08 | 5.88 | 7.10 |
| Net Debt / Equity | — | 1.13 | 1.44 | 1.21 | 1.24 | 0.95 | 0.92 | 0.92 | 0.70 | 0.61 | 0.67 |
| Net Debt / EBITDA | 11.07 | 11.07 | 14.78 | 10.07 | 9.00 | 8.43 | 5.53 | 5.25 | 6.94 | 5.69 | 6.87 |
| Debt / FCF | — | 36.63 | 32.20 | 18.98 | 13.73 | 21.75 | — | 13.15 | — | 67.91 | — |
| Interest Coverage | -2.44 | -2.44 | -1.14 | 0.24 | 0.89 | 1.24 | — | — | 2.27 | 1.98 | 1.52 |
HPP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.83x means Hudson Pacific Properties, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.58x to 1.83x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.83 | 1.83 | 0.51 | 0.58 | 1.05 | 2.09 | 2.41 | 1.51 | 2.16 | 3.81 | 2.32 |
| Quick Ratio | 1.83 | 1.83 | 0.51 | 0.58 | 1.05 | 2.09 | 2.41 | 1.51 | 2.16 | 3.81 | 2.32 |
| Cash Ratio | 0.66 | 0.66 | 0.08 | 0.15 | 0.39 | 0.53 | 1.05 | 0.65 | 1.14 | 0.47 | 0.24 |
| Asset Turnover | — | 0.11 | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 | 0.11 | 0.10 | 0.11 | 0.10 |
| Inventory Turnover | — | — | — | — | 84.21 | 212.83 | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
HPP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hudson Pacific Properties, Inc. returns 1.2% to shareholders annually — split between a 0.1% dividend yield and 1.1% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 25.2% | 29.3% | 72.8% | 28.8% | 29.5% | 18.7% | 24.3% | 21.1% | 21.5% |
| Payout Ratio | — | — | — | — | — | 1529.1% | 7612.8% | 358.5% | 158.0% | 229.0% | 411.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 1.1% | 0.1% | 5.2% | 15.2% | 9.0% | 5.0% |
| FCF Yield | 15.5% | 20.4% | 231.7% | 120.8% | 174.8% | 35.4% | — | 31.8% | — | 4.7% | — |
| Buyback Yield | 1.1% | 1.5% | 0.9% | 0.7% | 100.0% | 8.6% | 15.3% | 0.1% | 7.7% | 41.3% | 100.0% |
| Total Shareholder Yield | 1.2% | 1.6% | 26.1% | 30.0% | 100.0% | 37.4% | 44.8% | 18.8% | 32.0% | 62.3% | 100.0% |
| Shares Outstanding | — | $45M | $20M | $20M | $21M | $22M | $22M | $22M | $22M | $22M | $16M |
Peer Comparison
Compare HPP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HPPYou | $638M | -0.9 | 13.0 | 6.5 | -42.1% | -5.7% | -17.3% | -0.5% | 11.5 |
 DEI | $2B | 123.9 | 12.3 | 10.4 | -16.1% | 19.0% | 0.5% | 1.6% | 9.4 |
 KRC | $4B | 14.9 | 13.3 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 PDM | $1B | -12.7 | 10.9 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 HIW | $3B | 17.6 | 12.7 | 16.9 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 BXP | $9B | 34.2 | 8.9 | 13.7 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 VNO | $6B | 7.6 | 17.3 | 4.8 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 SLG | $3B | -28.5 | 26.3 | — | 34.1% | 15.4% | -2.0% | 1.1% | 19.3 |
 CUZ | $4B | 109.5 | 12.5 | 32.0 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 CBRE | $43B | 38.1 | 24.8 | 36.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 JLL | $15B | 20.0 | 12.6 | 15.6 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
| Real Estate Median | — | 24.2 | 16.8 | 15.6 | 50.1% | 24.7% | 3.5% | 2.7% | 7.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonHPP — Frequently Asked Questions
Quick answers to the most common questions about buying HPP stock.
What is Hudson Pacific Properties, Inc.'s P/E ratio?
Hudson Pacific Properties, Inc.'s current P/E ratio is -0.9x. The historical average is 28.9x.
What is Hudson Pacific Properties, Inc.'s EV/EBITDA?
Hudson Pacific Properties, Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Hudson Pacific Properties, Inc.'s ROE?
Hudson Pacific Properties, Inc.'s return on equity (ROE) is -17.3%. The historical average is -17.5%.
Is HPP stock overvalued?
Based on historical data, Hudson Pacific Properties, Inc. is trading at a P/E of -0.9x. Compare with industry peers and growth rates for a complete picture.
What is Hudson Pacific Properties, Inc.'s dividend yield?
Hudson Pacific Properties, Inc.'s current dividend yield is 0.07%.
What are Hudson Pacific Properties, Inc.'s profit margins?
Hudson Pacific Properties, Inc. has -42.1% gross margin and -5.7% operating margin.
How much debt does Hudson Pacific Properties, Inc. have?
Hudson Pacific Properties, Inc.'s Debt/EBITDA ratio is 11.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.