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Hudson Pacific Properties, Inc.（HPP）与Millrose Properties, Inc.（MRP）财务数据对比。点击上方公司名可切换其他公司
Hudson Pacific Properties, Inc.的季度营收约是Millrose Properties, Inc.的1.4倍（$256.0M vs $189.5M）。Millrose Properties, Inc.净利率更高（64.5% vs -109.4%，领先173.9%）
哈德逊太平洋地产是一家房地产投资信托企业，持有1580万平方英尺办公楼、150万平方英尺摄影棚，同时拥有300万平方英尺商用物业的未开发权益，资产布局覆盖美国西海岸及温哥华，注册地位于马里兰州，总部设在洛杉矶，是洛杉矶当地规模最大的独立摄影棚运营商。
Millrose Properties, Inc.是一家总部位于美国的房地产企业，主要从事创收型多户住宅资产的收购、持有、运营与管理业务，核心市场覆盖美国中大西洋及东南部区域，同时也为选定的第三方物业所有者提供专业物业管理服务。
HPP vs MRP — 直观对比
营收规模更大
HPP
是对方的1.4倍
$189.5M
净利率更高
MRP
高出173.9%
-109.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $256.0M | $189.5M |
| 净利润 | $-280.2M | $122.2M |
| 毛利率 | 60.0% | — |
| 营业利润率 | -109.8% | 84.8% |
| 净利率 | -109.4% | 64.5% |
| 营收同比 | 22.1% | — |
| 净利润同比 | -61.5% | 285.8% |
| 每股收益（稀释后） | $-11.57 | $0.74 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HPPMRP
| Q4 25 | $256.0M | $189.5M | ||
| Q3 25 | $186.6M | $179.3M | ||
| Q2 25 | $190.0M | $149.0M | ||
| Q1 25 | $198.5M | $82.7M | ||
| Q4 24 | $209.7M | — | ||
| Q3 24 | $200.4M | — | ||
| Q2 24 | $218.0M | — | ||
| Q1 24 | $214.0M | — |
净利润HPPMRP
| Q4 25 | $-280.2M | $122.2M | ||
| Q3 25 | $-144.1M | $105.1M | ||
| Q2 25 | $-87.8M | $112.8M | ||
| Q1 25 | $-80.3M | $39.8M | ||
| Q4 24 | $-173.5M | — | ||
| Q3 24 | $-107.0M | — | ||
| Q2 24 | $-47.6M | — | ||
| Q1 24 | $-53.4M | — |
毛利率HPPMRP
| Q4 25 | 60.0% | — | ||
| Q3 25 | 44.3% | — | ||
| Q2 25 | 43.1% | — | ||
| Q1 25 | 42.9% | — | ||
| Q4 24 | 44.7% | — | ||
| Q3 24 | 42.7% | — | ||
| Q2 24 | 48.0% | — | ||
| Q1 24 | 48.6% | — |
营业利润率HPPMRP
| Q4 25 | -109.8% | 84.8% | ||
| Q3 25 | -77.2% | 85.3% | ||
| Q2 25 | -46.0% | 85.1% | ||
| Q1 25 | -40.4% | 55.2% | ||
| Q4 24 | -83.2% | — | ||
| Q3 24 | -52.3% | — | ||
| Q2 24 | -21.6% | — | ||
| Q1 24 | -24.9% | — |
净利率HPPMRP
| Q4 25 | -109.4% | 64.5% | ||
| Q3 25 | -77.2% | 58.6% | ||
| Q2 25 | -46.2% | 75.7% | ||
| Q1 25 | -40.5% | 48.1% | ||
| Q4 24 | -82.7% | — | ||
| Q3 24 | -53.4% | — | ||
| Q2 24 | -21.8% | — | ||
| Q1 24 | -24.9% | — |
每股收益（稀释后）HPPMRP
| Q4 25 | $-11.57 | $0.74 | ||
| Q3 25 | $-0.30 | $0.63 | ||
| Q2 25 | $-0.41 | $0.68 | ||
| Q1 25 | $-0.53 | $0.39 | ||
| Q4 24 | $-1.19 | — | ||
| Q3 24 | $-0.69 | — | ||
| Q2 24 | $-0.33 | — | ||
| Q1 24 | $-0.37 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $138.4M | $35.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $5.9B |
| 总资产 | $7.3B | $9.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HPPMRP
| Q4 25 | $138.4M | $35.0M | ||
| Q3 25 | $190.4M | $242.6M | ||
| Q2 25 | $236.0M | $66.6M | ||
| Q1 25 | $86.5M | $89.5M | ||
| Q4 24 | $63.3M | — | ||
| Q3 24 | $90.7M | — | ||
| Q2 24 | $78.5M | — | ||
| Q1 24 | $114.3M | — |
股东权益HPPMRP
| Q4 25 | $3.0B | $5.9B | ||
| Q3 25 | $3.2B | $5.9B | ||
| Q2 25 | $3.4B | $5.9B | ||
| Q1 25 | $2.8B | $5.9B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
总资产HPPMRP
| Q4 25 | $7.3B | $9.3B | ||
| Q3 25 | $7.8B | $9.0B | ||
| Q2 25 | $8.1B | $8.0B | ||
| Q1 25 | $8.0B | $7.2B | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.3B | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $59.3M | $3.4B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 27.97× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HPPMRP
| Q4 25 | $59.3M | $3.4B | ||
| Q3 25 | $33.2M | $123.1M | ||
| Q2 25 | $-2.0M | $109.1M | ||
| Q1 25 | $30.5M | $21.3M | ||
| Q4 24 | $162.0K | — | ||
| Q3 24 | $63.7M | — | ||
| Q2 24 | $35.6M | — | ||
| Q1 24 | $65.1M | — |
现金转化率HPPMRP
| Q4 25 | — | 27.97× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HPP
| Core Office | $217.1M | 85% |
| Studio Segment | $21.8M | 9% |
| Ancillary Revenue | $20.2M | 8% |
| Chargebacks | $3.3M | 1% |
MRP
暂无分部数据
