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

FirstService brought in $5.5B of revenue in fiscal 2025, Hudson Pacific Properties $831.1M in fiscal 2025. Revenue changed by +5.4% at FirstService and -1.3% at Hudson Pacific Properties on the year before, so FirstService grew faster. FirstService kept 2.6% of its revenue as net profit, Hudson Pacific Properties -68.9%.

Side by side, latest fiscal year

FSVHPP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.5B$831.1M
Revenue growth+5.4%-1.3%
Net income$145M-$572.2M
Net margin2.6%-68.9%
Free cash flow$318.2Mn/a
Free cash flow margin5.8%n/a
Earnings per share (diluted)$3.17-$12.81
Cash$154.4M$138.4M
Debt$1.1Bn/a
Price to earningsn/an/a
Market value$5.6B$632.2M
Dividend yieldn/an/a
Rank by revenue in sector#95 of 444 · Finance#206 of 444 · Finance

Over the years

Revenue
FSV FY2018: $1.9BFSV FY2019: $2.4BFSV FY2020: $2.8BFSV FY2021: $3.2BFSV FY2022: $3.7BFSV FY2023: $4.3BFSV FY2024: $5.2BFSV FY2025: $5.5BHPP FY2018: $728.4MHPP FY2019: $818.2MHPP FY2020: $805MHPP FY2021: $896.8MHPP FY2022: $1BHPP FY2023: $952.3MHPP FY2024: $842.1MHPP FY2025: $831.1MFY18FY19FY20FY21FY22FY23FY24FY25
FSV $5.5BHPP $831.1M
Net income
FSV FY2018: $65.9MFSV FY2019: -$251.6MFSV FY2020: $87.3MFSV FY2021: $135.2MFSV FY2022: $121.1MFSV FY2023: $100.4MFSV FY2024: $134.4MFSV FY2025: $145MHPP FY2018: $98.1MHPP FY2019: $42.7MHPP FY2020: $383KHPP FY2021: $6.1MHPP FY2022: -$56.5MHPP FY2023: -$192.2MHPP FY2024: -$364.1MHPP FY2025: -$572.2MFY18FY19FY20FY21FY22FY23FY24FY25
FSV $145MHPP -$572.2M
Net margin
FSV FY2018: 3.4%FSV FY2019: -10.5%FSV FY2020: 3.1%FSV FY2021: 4.2%FSV FY2022: 3.2%FSV FY2023: 2.3%FSV FY2024: 2.6%FSV FY2025: 2.6%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%FY18FY19FY20FY21FY22FY23FY24FY25
FSV 2.6%HPP -68.9%
Revenue growth
FSV FY2019: +24.6%FSV FY2020: +15.2%FSV FY2021: +17.2%FSV FY2022: +15.3%FSV FY2023: +15.7%FSV FY2024: +20.4%FSV FY2025: +5.4%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
FSV +5.4%HPP -1.3%
Free cash flow
FSV FY2018: $58.9MFSV FY2019: $61.2MFSV FY2020: $252.4MFSV FY2021: $109.1MFSV FY2022: $28.3MFSV FY2023: $187.6MFSV FY2024: $172.9MFSV FY2025: $318.2MHPP FY2018: -$136.7MFY18FY19FY20FY21FY22FY23FY24FY25
FSV $318.2MHPP -$136.7M

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

Questions about FirstService and Hudson Pacific Properties

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

FirstService is bigger by revenue: $5.5B in fiscal 2025, against $831.1M for Hudson Pacific Properties in fiscal 2025.

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

FirstService had a net margin of 2.6% in fiscal 2025; Hudson Pacific Properties had -68.9% in fiscal 2025.

Which grew revenue faster, FirstService or Hudson Pacific Properties?

In their latest fiscal years revenue changed by +5.4% at FirstService 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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