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Forestar Group vs Hudson Pacific Properties: FOR and HPP compared
Forestar Group is the larger company: $581M of revenue in its latest quarter (Q4 FY26) against $188M for Hudson Pacific Properties (Q2 2026). Hudson Pacific Properties is growing faster (-0.9% against -13% a year earlier). Forestar Group is more profitable, with an operating margin of 13.5% against -55.4%.
Where the money goes: FOR and HPP
Forestar Group (FOR) · Q4 FY26
Forestar Group, Q4 FY26: revenue $581M (-13% year over year), operating margin 13.5%, net earnings $59.4M. The chart follows the revenue to costs, profit and cash.
Hudson Pacific Properties (HPP) · Q2 2026
Hudson Pacific Properties, Q2 2026: revenue $188M (-0.9% year over year), operating margin -55.4%, net loss $105M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Forestar Group (FOR) | Hudson Pacific Properties (HPP) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $581M | $188M |
| Revenue growth, Y/Y | -13% | -0.9% |
| Operating margin | 13.5% | -55.4% |
| Net earnings | $59.4M | −$105M |
| Net margin | 10.2% | -55.6% |
| Operating cash flow | — | −$8.0M |
| Market value | $1.2B | — |
| P/E | 7.1× | — |
| Analysts’ mean target | $34.00 | — |
Where the revenue comes from
Forestar Group
- Development projects: $540M (93%)
- Tract sales and other: $38.7M (7%)
- Lot banking projects: $2.0M (0%)
Hudson Pacific Properties
- Office: $153M (81%)
- Studio: $35.2M (19%)
Questions
Which is bigger, Forestar Group or Hudson Pacific Properties?
Forestar Group is the larger company: $581M of revenue in its latest quarter (Q4 FY26) against $188M for Hudson Pacific Properties (Q2 2026).
Is Forestar Group or Hudson Pacific Properties growing faster?
Hudson Pacific Properties is growing faster (-0.9% against -13% a year earlier).
Which is more profitable, Forestar Group or Hudson Pacific Properties?
Forestar Group is more profitable, with an operating margin of 13.5% against -55.4%.
More: Forestar Group earnings · how Forestar Group makes money · Hudson Pacific Properties earnings · how Hudson Pacific Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.