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Side-by-side financial comparison of Hudson Pacific Properties, Inc. (HPP) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Hudson Pacific Properties, Inc. is the larger business by last-quarter revenue ($256.0M vs $222.5M, roughly 1.2× Phoenix Education Partners, Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -109.4%, a 114.3% gap on every dollar of revenue.

Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property. Its properties are on the West Coast of the United States and Vancouver. It is organized in Maryland and headquartered in Los Angeles. It is the largest independent operator of sound stages in Los Angeles.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

HPP vs PXED — Head-to-Head

Bigger by revenue
HPP
HPP
1.2× larger
HPP
$256.0M
$222.5M
PXED
Higher net margin
PXED
PXED
114.3% more per $
PXED
4.8%
-109.4%
HPP

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
HPP
HPP
PXED
PXED
Revenue
$256.0M
$222.5M
Net Profit
$-280.2M
$10.8M
Gross Margin
Operating Margin
18.6%
6.3%
Net Margin
-109.4%
4.8%
Revenue YoY
22.1%
Net Profit YoY
-61.5%
EPS (diluted)
$0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HPP
HPP
PXED
PXED
Q3 26
$256.0M
Q1 26
$181.9M
$222.5M
Q4 25
$256.0M
$262.0M
Q3 25
$186.6M
Q2 25
$190.0M
Q1 25
$198.5M
Q4 24
$209.7M
Q3 24
$200.4M
Net Profit
HPP
HPP
PXED
PXED
Q3 26
$-280.2M
Q1 26
$-50.9M
$10.8M
Q4 25
$-280.2M
$15.5M
Q3 25
$-144.1M
Q2 25
$-87.8M
Q1 25
$-80.3M
Q4 24
$-173.5M
Q3 24
$-107.0M
Gross Margin
HPP
HPP
PXED
PXED
Q3 26
Q1 26
Q4 25
60.0%
Q3 25
44.3%
Q2 25
43.1%
Q1 25
42.9%
Q4 24
44.7%
Q3 24
42.7%
Operating Margin
HPP
HPP
PXED
PXED
Q3 26
18.6%
Q1 26
-7.1%
6.3%
Q4 25
-109.8%
9.8%
Q3 25
-77.2%
Q2 25
-46.0%
Q1 25
-40.4%
Q4 24
-83.2%
Q3 24
-52.3%
Net Margin
HPP
HPP
PXED
PXED
Q3 26
-109.4%
Q1 26
-28.0%
4.8%
Q4 25
-109.4%
5.9%
Q3 25
-77.2%
Q2 25
-46.2%
Q1 25
-40.5%
Q4 24
-82.7%
Q3 24
-53.4%
EPS (diluted)
HPP
HPP
PXED
PXED
Q3 26
Q1 26
$0.28
Q4 25
$-11.57
$0.40
Q3 25
$-0.30
Q2 25
$-0.41
Q1 25
$-0.53
Q4 24
$-1.19
Q3 24
$-0.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HPP
HPP
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$138.4M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$3.2B
$291.1M
Total Assets
$7.3B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPP
HPP
PXED
PXED
Q3 26
$138.4M
Q1 26
$138.0M
$201.4M
Q4 25
$138.4M
$163.5M
Q3 25
$190.4M
Q2 25
$236.0M
Q1 25
$86.5M
Q4 24
$63.3M
Q3 24
$90.7M
Total Debt
HPP
HPP
PXED
PXED
Q3 26
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Stockholders' Equity
HPP
HPP
PXED
PXED
Q3 26
$3.2B
Q1 26
$3.1B
$291.1M
Q4 25
$3.0B
$280.4M
Q3 25
$3.2B
Q2 25
$3.4B
Q1 25
$2.8B
Q4 24
$2.9B
Q3 24
$3.0B
Total Assets
HPP
HPP
PXED
PXED
Q3 26
$7.3B
Q1 26
$7.2B
$546.4M
Q4 25
$7.3B
$549.6M
Q3 25
$7.8B
Q2 25
$8.1B
Q1 25
$8.0B
Q4 24
$8.1B
Q3 24
$8.3B
Debt / Equity
HPP
HPP
PXED
PXED
Q3 26
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HPP
HPP
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
14.0%
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPP
HPP
PXED
PXED
Q3 26
Q1 26
$48.9M
Q4 25
$121.0M
$31.1M
Q3 25
$33.2M
Q2 25
$-2.0M
Q1 25
$30.5M
Q4 24
$164.7M
Q3 24
$63.7M
Free Cash Flow
HPP
HPP
PXED
PXED
Q3 26
Q1 26
$43.5M
Q4 25
$26.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
FCF Margin
HPP
HPP
PXED
PXED
Q3 26
Q1 26
19.6%
Q4 25
10.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Capex Intensity
HPP
HPP
PXED
PXED
Q3 26
14.0%
Q1 26
18.5%
2.4%
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Cash Conversion
HPP
HPP
PXED
PXED
Q3 26
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HPP
HPP

Rental revenues$216.8M85%
Other$35.6M14%
Service and other revenues$3.7M1%

PXED
PXED

Segment breakdown not available.

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