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Side-by-side financial comparison of Hudson Pacific Properties, Inc. (HPP) and Bio-Techne (TECH). Click either name above to swap in a different company.

Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $256.0M, roughly 1.2× Hudson Pacific Properties, Inc.). Bio-Techne runs the higher net margin — 12.8% vs -109.4%, a 122.3% gap on every dollar of revenue. On growth, Hudson Pacific Properties, Inc. posted the faster year-over-year revenue change (22.1% vs -6.4%). Over the past eight quarters, Hudson Pacific Properties, Inc.'s revenue compounded faster (9.4% CAGR vs 4.2%).

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.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

HPP vs TECH — Head-to-Head

Bigger by revenue
TECH
TECH
1.2× larger
TECH
$295.9M
$256.0M
HPP
Growing faster (revenue YoY)
HPP
HPP
+28.5% gap
HPP
22.1%
-6.4%
TECH
Higher net margin
TECH
TECH
122.3% more per $
TECH
12.8%
-109.4%
HPP
Faster 2-yr revenue CAGR
HPP
HPP
Annualised
HPP
9.4%
4.2%
TECH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HPP
HPP
TECH
TECH
Revenue
$256.0M
$295.9M
Net Profit
$-280.2M
$38.0M
Gross Margin
60.0%
64.6%
Operating Margin
-109.8%
18.4%
Net Margin
-109.4%
12.8%
Revenue YoY
22.1%
-6.4%
Net Profit YoY
-61.5%
68.3%
EPS (diluted)
$-11.57
$0.24

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
TECH
TECH
Q4 25
$256.0M
$295.9M
Q3 25
$186.6M
Q2 25
$190.0M
$317.0M
Q1 25
$198.5M
$316.2M
Q4 24
$209.7M
$297.0M
Q3 24
$200.4M
$289.5M
Q2 24
$218.0M
$306.1M
Q1 24
$214.0M
$303.4M
Net Profit
HPP
HPP
TECH
TECH
Q4 25
$-280.2M
$38.0M
Q3 25
$-144.1M
Q2 25
$-87.8M
$-17.7M
Q1 25
$-80.3M
$22.6M
Q4 24
$-173.5M
$34.9M
Q3 24
$-107.0M
$33.6M
Q2 24
$-47.6M
$40.6M
Q1 24
$-53.4M
$49.1M
Gross Margin
HPP
HPP
TECH
TECH
Q4 25
60.0%
64.6%
Q3 25
44.3%
Q2 25
43.1%
62.7%
Q1 25
42.9%
67.9%
Q4 24
44.7%
65.3%
Q3 24
42.7%
63.2%
Q2 24
48.0%
66.4%
Q1 24
48.6%
67.4%
Operating Margin
HPP
HPP
TECH
TECH
Q4 25
-109.8%
18.4%
Q3 25
-77.2%
Q2 25
-46.0%
-7.5%
Q1 25
-40.4%
12.2%
Q4 24
-83.2%
16.0%
Q3 24
-52.3%
13.8%
Q2 24
-21.6%
15.0%
Q1 24
-24.9%
22.1%
Net Margin
HPP
HPP
TECH
TECH
Q4 25
-109.4%
12.8%
Q3 25
-77.2%
Q2 25
-46.2%
-5.6%
Q1 25
-40.5%
7.1%
Q4 24
-82.7%
11.7%
Q3 24
-53.4%
11.6%
Q2 24
-21.8%
13.3%
Q1 24
-24.9%
16.2%
EPS (diluted)
HPP
HPP
TECH
TECH
Q4 25
$-11.57
$0.24
Q3 25
$-0.30
Q2 25
$-0.41
$-0.11
Q1 25
$-0.53
$0.14
Q4 24
$-1.19
$0.22
Q3 24
$-0.69
$0.21
Q2 24
$-0.33
$0.26
Q1 24
$-0.37
$0.31

Balance Sheet & Financial Strength

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

Metric
HPP
HPP
TECH
TECH
Cash + ST InvestmentsLiquidity on hand
$138.4M
$172.9M
Total DebtLower is stronger
$260.0M
Stockholders' EquityBook value
$3.0B
$2.0B
Total Assets
$7.3B
$2.5B
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HPP
HPP
TECH
TECH
Q4 25
$138.4M
$172.9M
Q3 25
$190.4M
Q2 25
$236.0M
$162.2M
Q1 25
$86.5M
$140.7M
Q4 24
$63.3M
$177.5M
Q3 24
$90.7M
$187.5M
Q2 24
$78.5M
$152.9M
Q1 24
$114.3M
$145.3M
Total Debt
HPP
HPP
TECH
TECH
Q4 25
$260.0M
Q3 25
Q2 25
$346.0M
Q1 25
$330.0M
Q4 24
$300.0M
Q3 24
$300.0M
Q2 24
$319.0M
Q1 24
$389.0M
Stockholders' Equity
HPP
HPP
TECH
TECH
Q4 25
$3.0B
$2.0B
Q3 25
$3.2B
Q2 25
$3.4B
$1.9B
Q1 25
$2.8B
$2.0B
Q4 24
$2.9B
$2.1B
Q3 24
$3.0B
$2.1B
Q2 24
$3.1B
$2.1B
Q1 24
$3.2B
$2.0B
Total Assets
HPP
HPP
TECH
TECH
Q4 25
$7.3B
$2.5B
Q3 25
$7.8B
Q2 25
$8.1B
$2.6B
Q1 25
$8.0B
$2.6B
Q4 24
$8.1B
$2.7B
Q3 24
$8.3B
$2.7B
Q2 24
$8.4B
$2.7B
Q1 24
$8.3B
$2.7B
Debt / Equity
HPP
HPP
TECH
TECH
Q4 25
0.13×
Q3 25
Q2 25
0.18×
Q1 25
0.16×
Q4 24
0.14×
Q3 24
0.14×
Q2 24
0.15×
Q1 24
0.19×

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
TECH
TECH
Operating Cash FlowLast quarter
$121.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HPP
HPP
TECH
TECH
Q4 25
$121.0M
Q3 25
$33.2M
Q2 25
$-2.0M
$98.2M
Q1 25
$30.5M
$41.1M
Q4 24
$164.7M
$84.3M
Q3 24
$63.7M
$63.9M
Q2 24
$35.6M
$75.5M
Q1 24
$65.1M
$81.0M
Free Cash Flow
HPP
HPP
TECH
TECH
Q4 25
Q3 25
Q2 25
$93.3M
Q1 25
$31.0M
Q4 24
$77.5M
Q3 24
$54.7M
Q2 24
$57.5M
Q1 24
$64.5M
FCF Margin
HPP
HPP
TECH
TECH
Q4 25
Q3 25
Q2 25
29.4%
Q1 25
9.8%
Q4 24
26.1%
Q3 24
18.9%
Q2 24
18.8%
Q1 24
21.3%
Capex Intensity
HPP
HPP
TECH
TECH
Q4 25
Q3 25
Q2 25
1.5%
Q1 25
3.2%
Q4 24
2.3%
Q3 24
3.2%
Q2 24
5.9%
Q1 24
5.4%
Cash Conversion
HPP
HPP
TECH
TECH
Q4 25
Q3 25
Q2 25
Q1 25
1.82×
Q4 24
2.42×
Q3 24
1.90×
Q2 24
1.86×
Q1 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HPP
HPP

Core Office$217.1M85%
Studio Segment$21.8M9%
Ancillary Revenue$20.2M8%
Chargebacks$3.3M1%

TECH
TECH

Diagnostics And Spatial Biology$81.2M27%
EMEA Excluding UK$75.4M25%
Other$42.4M14%
Instruments$29.6M10%
APAC Excluding Greater China$22.7M8%
Services$22.3M8%
GB$13.7M5%
Royalty$8.5M3%

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