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Forestar vs Hudson Pacific Properties: revenue, profit, margins and growth compared

Forestar brought in $1.7B of revenue in fiscal 2025, Hudson Pacific Properties $831.1M in fiscal 2025. Revenue changed by +10.1% at Forestar and -1.3% at Hudson Pacific Properties on the year before, so Forestar grew faster. Forestar kept 10.1% of its revenue as net profit, Hudson Pacific Properties -68.9%.

Side by side, latest fiscal year

FORHPP
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$1.7B$831.1M
Revenue growth+10.1%-1.3%
Net income$167.9M-$572.2M
Net margin10.1%-68.9%
Free cash flow-$199.9Mn/a
Free cash flow margin-12.0%n/a
Earnings per share (diluted)$3.29-$12.81
Cash$379.2M$138.4M
Debt$802.7Mn/a
Price to earnings8.1n/a
Market value$1.4B$632.2M
Dividend yieldn/an/a
Rank by revenue in sector#157 of 444 · Finance#206 of 444 · Finance

Over the years

Revenue
FOR FY2017: $114.3MFOR FY2019: $428.3MFOR FY2020: $931.8MFOR FY2021: $1.3BFOR FY2022: $1.5BFOR FY2023: $1.4BFOR FY2024: $1.5BFOR FY2025: $1.7BHPP FY2018: $728.4MHPP FY2019: $818.2MHPP FY2020: $805MHPP FY2021: $896.8MHPP FY2022: $1BHPP FY2023: $952.3MHPP FY2024: $842.1MHPP FY2025: $831.1MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FOR $1.7BHPP $831.1M
Net income
FOR FY2017: $50.3MFOR FY2019: $33MFOR FY2020: $60.8MFOR FY2021: $110.2MFOR FY2022: $178.8MFOR FY2023: $166.9MFOR FY2024: $203.4MFOR FY2025: $167.9MHPP FY2018: $98.1MHPP FY2019: $42.7MHPP FY2020: $383KHPP FY2021: $6.1MHPP FY2022: -$56.5MHPP FY2023: -$192.2MHPP FY2024: -$364.1MHPP FY2025: -$572.2MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FOR $167.9MHPP -$572.2M
Net margin
FOR FY2017: 44.0%FOR FY2019: 7.7%FOR FY2020: 6.5%FOR FY2021: 8.3%FOR FY2022: 11.8%FOR FY2023: 11.6%FOR FY2024: 13.5%FOR FY2025: 10.1%HPP FY2018: 13.5%HPP FY2019: 5.2%HPP FY2020: 0.0%HPP FY2021: 0.7%HPP FY2022: -5.5%HPP FY2023: -20.2%HPP FY2024: -43.2%HPP FY2025: -68.9%FY17FY18FY19FY20FY21FY22FY23FY24FY25
FOR 10.1%HPP -68.9%
Revenue growth
FOR FY2020: +117.6%FOR FY2021: +42.3%FOR FY2022: +14.6%FOR FY2023: -5.4%FOR FY2024: +5.0%FOR FY2025: +10.1%HPP FY2019: +12.3%HPP FY2020: -1.6%HPP FY2021: +11.4%HPP FY2022: +14.4%HPP FY2023: -7.2%HPP FY2024: -11.6%HPP FY2025: -1.3%FY19FY20FY21FY22FY23FY24FY25
FOR +10.1%HPP -1.3%
Free cash flow
FOR FY2017: -$15.4MFOR FY2019: -$392.1MFOR FY2020: -$169MFOR FY2021: -$304.7MFOR FY2022: $105.2MFOR FY2023: $362.8MFOR FY2024: -$160.6MFOR FY2025: -$199.9MHPP FY2018: -$136.7MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FOR -$199.9MHPP -$136.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Forestar and Hudson Pacific Properties

Which is bigger by revenue, Forestar or Hudson Pacific Properties?

Forestar is bigger by revenue: $1.7B in fiscal 2025, against $831.1M for Hudson Pacific Properties in fiscal 2025.

Which keeps more of its revenue as profit, Forestar or Hudson Pacific Properties?

Forestar had a net margin of 10.1% in fiscal 2025; Hudson Pacific Properties had -68.9% in fiscal 2025.

Which grew revenue faster, Forestar or Hudson Pacific Properties?

In their latest fiscal years revenue changed by +10.1% at Forestar and -1.3% at Hudson Pacific Properties.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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