Last 47 quarters of trend data · Real Estate · REIT - Office
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 52.0% YoY to 7.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.92 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.77 | 0.47 | 0.24 | 0.10 | 0.08 | 0.07 | 0.12 | 0.11 | 0.15 | 0.21 | 0.14 | 0.09 | 0.13 |
| — | +548.4% | +98.0% | -6.2% | -50.6% | -65.5% | -16.8% | +28.1% | +14.1% | +16.5% | -31.8% | -71.3% | -78.0% | |
| P/B Ratio | 0.16 | 0.15 | 0.05 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.02 | 0.04 |
| — | +683.3% | +76.7% | -23.4% | -48.9% | -63.4% | -19.8% | +24.7% | +7.8% | +4.4% | -36.1% | -70.6% | -75.9% | |
| P/FCF | 6.45 | 2.28 | 1.60 | — | 0.58 | — | 0.43 | 0.80 | 0.54 | 5.91 | 0.49 | 0.36 | 0.37 |
| — | — | +269.4% | — | +6.7% | — | -11.5% | +119.5% | +48.3% | +308.0% | +9.0% | -98.1% | -77.3% | |
| EV / EBITDA | 13.02 | 7.46 | 14.36 | 18.27 | 17.19 | 15.56 | 17.34 | 13.62 | 13.35 | 6.22 | 6.18 | 5.99 | 5.87 |
| — | -52.0% | -17.2% | +34.1% | +28.7% | +150.0% | +180.4% | +127.2% | +127.3% | -32.8% | -31.0% | -33.6% | -38.0% | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | 70.90 | 69.51 | 52.54 |
| — | — | — | — | — | — | — | — | — | — | +72.5% | +117.4% | -15.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Hudson Pacific Properties, Inc.'s operating margin was 17.4% in Q4 2025, up 30.9 pp QoQ and up 24.5 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -7.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 624.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -42.1% | -234.3% | 44.3% | 43.1% | 42.9% | 44.7% | 42.7% | 48.0% | 48.6% | 47.8% | 51.5% | 55.4% | 55.3% |
| — | -624.1% | +3.7% | -10.2% | -11.6% | -6.5% | -17.2% | -13.3% | -12.1% | -15.1% | -13.1% | +126.9% | -10.4% | |
| Operating Margin | -5.7% | 17.4% | -13.5% | -21.4% | -13.3% | -7.1% | -10.3% | -1.3% | -3.5% | 38.9% | 43.6% | 47.7% | 47.8% |
| — | +345.5% | -30.6% | -1587.5% | -274.3% | -118.2% | -123.6% | -102.7% | -107.4% | +175.1% | +148.8% | +217.2% | +207.1% | |
| Net Margin | -66.4% | -104.1% | -71.3% | -42.2% | -36.2% | -79.2% | -47.5% | -19.7% | -22.4% | -41.8% | -14.3% | -12.5% | -5.8% |
| — | -31.3% | -50.1% | -114.7% | -61.5% | -89.4% | -232.7% | -56.7% | -284.7% | -1642.1% | -215.6% | -1529.2% | -1.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -17.3% | -8.0% | -3.7% | -2.4% | -2.3% | -5.1% | -2.8% | -1.2% | -1.4% | -2.6% | -0.9% | -0.8% | -0.4% |
| — | -56.0% | -32.4% | -90.5% | -67.4% | -100.1% | -217.7% | -53.8% | -260.2% | -1434.6% | -196.1% | -1581.3% | -13.9% | |
| ROA | -7.2% | -3.5% | -1.7% | -1.0% | -0.9% | -2.0% | -1.1% | -0.5% | -0.6% | -1.1% | -0.4% | -0.3% | -0.2% |
| — | -75.1% | -46.3% | -92.7% | -53.5% | -88.0% | -212.6% | -53.4% | -265.2% | -1444.1% | -185.0% | -1472.0% | -1.9% | |
| ROIC | -0.5% | 0.5% | -0.3% | -0.4% | -0.3% | -0.1% | -0.2% | -0.0% | -0.1% | 0.8% | 0.9% | 1.0% | 1.0% |
| — | +430.8% | -29.2% | -1425.5% | -254.1% | -118.1% | -122.2% | -102.6% | -106.9% | +139.4% | +119.8% | +201.4% | +209.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Hudson Pacific Properties, Inc.'s Debt/EBITDA ratio is 27.3x, down from 57.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 259.8% YoY to 1.83x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.14 | 1.12 | 1.49 | 1.46 | 1.37 | 1.32 | 1.30 | 1.24 | 1.31 | 1.31 | 1.28 |
| — | -19.5% | -16.8% | -15.4% | +14.7% | +17.8% | +4.4% | +0.9% | +1.6% | -5.0% | +4.7% | +12.6% | +16.5% | |
| Debt / EBITDA | 11.49 | 27.34 | 57.61 | 75.96 | 69.16 | 62.26 | 69.27 | 54.25 | 53.22 | 24.41 | 24.44 | 24.09 | 23.63 |
| — | -56.1% | -16.8% | +40.0% | +29.9% | +155.1% | +183.5% | +125.1% | +125.2% | -34.9% | -31.0% | -32.7% | -31.3% | |
| Current Ratio | 1.83 | 1.83 | 1.85 | 2.25 | 0.79 | 0.51 | 0.67 | 0.14 | 1.86 | 0.58 | 0.55 | 0.58 | 0.82 |
| — | +259.8% | +176.9% | +1554.5% | -57.6% | -11.8% | +21.8% | -76.7% | +127.6% | -45.3% | -49.3% | -45.2% | -40.8% | |
| Quick Ratio | 1.83 | 1.83 | 1.85 | 2.25 | 0.79 | 0.51 | 0.67 | 0.14 | 1.86 | 0.58 | 0.54 | 0.58 | 0.81 |
| — | +259.8% | +176.9% | +1554.5% | -57.6% | -11.8% | +23.5% | -76.4% | +130.0% | -44.9% | -49.7% | -45.7% | -41.3% | |
| Interest Coverage | -2.44 | -6.24 | -2.45 | -0.81 | -1.05 | -2.95 | -1.33 | -0.07 | -0.25 | -0.32 | 0.32 | 0.32 | 0.43 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Hudson Pacific Properties, Inc.'s current P/E is -0.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Hudson Pacific Properties, Inc.'s current operating margin is -5.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Hudson Pacific Properties, Inc.'s business trajectory between earnings reports.