SKYH vs HPP vs FRPH Stock Comparison

Sky Harbour, Hudson Pacific Properties and Frp Holdings Prices as of Nov 5, 2026 Peers: Industry group
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SKYH Sky Harbour Group Corp
$10.01 +6.8% 1M +1.7% 1Y
Market cap
$766.33M
P/E
372.5x
Revenue (TTM)
$33.94M
Div. yield
–
Specialty REITs Real Estate
6 wins
FRPH Frp Holdings, Inc.
$18.30 -9.6% 1M -23.8% 1Y
Market cap
$351.33M
P/E
3,629x
Revenue (TTM)
$43.37M
Div. yield
–
Real Estate Operators Real Estate
3 wins

Head to Head

10 decided of 12

Sky Harbour leads on 6 of the 12 questions below (Sky Harbour 6, Frp Holdings 3, Hudson Pacific Properties 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSKYHHPPFRPHLeader
Larger companyMarket capitalisation $766.33M $475.38M $351.33M SKYH
Cheaper on earningsLower P/E, profitable companies only 372.5x -1.0x 3,629x SKYH
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +62.2% +1.8% +2.5% SKYH
More profitableNet margin, trailing twelve months 2.7% -70.4% 0.2% SKYH
Better return on capitalReturn on invested capital — -6.6% 0.8% FRPH
Less leveragedLower net debt / EBITDA -8.6x -53.2x 6.7x HPP
Higher dividend yieldTrailing dividend yield — 0.00% — –
Better 1-year returnPrice return, last 12 months +1.7% -48.1% -23.8% SKYH
Better 5-year returnAnnualised price return, 5 years -0.2%/yr -45.8%/yr -10.9%/yr SKYH
Less volatileAnnualised volatility, 1 year 36.0% 74.0% 25.5% FRPH
Higher overall scoreMean of the five percentile scores vs peers 24/100 32/100 38/100 FRPH

Percentile Scorecard

SKYHHPPFRPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSKYHHPPFRPH
Valuation 0 #146 of 146 63 #54 of 146 41 #23 of 38
Growth 89 #17 of 145 22 #114 of 145 18 #28 of 34
Profitability 2 #138 of 141 8 #130 of 141 50 #16 of 31
Financial Health 17 #122 of 146 25 #110 of 146 43 #22 of 38
Shareholder Returns 13 #118 of 136 42 #80 of 136 –
Overall 24 32 38
  • SKYH ranked among 149 companies in Property REITs
  • HPP ranked among 149 companies in Property REITs
  • FRPH ranked among 41 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSKYHHPPFRPHSPY
1 month +6.8%-24.2%-9.6% -5.9%
3 months -9.7%-34.8%-13.7% -4.6%
6 months +0.5%-25.6%-13.9% +0.2%
Year to date +11.6%-19.1%-19.7% +7.5%
1 year +1.7%-48.1%-23.8% +8.2%
3 years +53.1%-76.4%-32.1% +68.3%
3 years, per year +15.3%-38.3%-12.1% +19.0%
5 years -1.2%-95.3%-43.7% +56.5%
5 years, per year -0.2%-45.8%-10.9% +9.4%
10 years —-96.1%+15.5% +251.5%
10 years, per year —-27.7%+1.4% +13.4%

Risk

MeasureSKYHHPPFRPHSPY
Volatility, 1Y 36.0%74.0%25.5% 13.6%
Downside volatility, 1Y 36.1%73.9%26.5% 14.2%
Beta vs S&P 500, 1Y 0.931.590.31 1.00
Return / volatility, 1Y 0.05-0.65-0.93 0.60
Max drawdown, 5Y -92.9%-97.2%-43.7% -25.4%
From 52-week high -12.7%-48.2%-28.4% -5.9%
52-week high $11.46$16.91$25.56 $779.14
52-week low $8.30$5.51$18.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSKYHHPPFRPH
P/E now vs peer median 372.5xmedian 26.5x -1.0xmedian 26.5x 3,629xmedian 7.4x
P/S now vs peer median 22.6xmedian 4.2x 0.6xmedian 4.2x 8.1xmedian 4.9x
EV/EBITDA now vs peer median -51.8xmedian 14.4x -60.9xmedian 14.4x 27.5xmedian 11.2x
P/FCF now vs peer median -139.6xmedian 21.7x 210.2xmedian 21.7x -8.5xmedian 5.6x
P/B now vs peer median 4.7xmedian 1.3x 0.2xmedian 1.3x 0.8xmedian 0.5x
PEG now vs peer median 13.29median 1.78 0.04median 1.78 -50.31median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSKYHHPPFRPH
Revenue $33.94M $812.79M $43.37M
Operating income -$27.42M – $5.02M
Net income -$11.25M -$579.85M -$223.00K
Free cash flow -$5.49M $2.26M -$41.23M
EPS (diluted) $0.03 $-8.87 $0.01
Cash & equivalents $164.03M $80.76M $100.98M
Total debt $316.34M $3.35B $214.62M
Shares (diluted) 34.46M 64.48M 19.06M
Enterprise value $485.42M -$23.33M -$97.72M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSKYHHPPFRPH
P/E 372.5x -1.0x 3,629x
P/FCF -139.6x 210.2x -8.5x
P/Operating cash flow 3,406x 3.7x 12.4x
P/S 22.6x 0.6x 8.1x
P/B 4.7x 0.2x 0.8x
P/Tangible book 4.7x 0.2x 0.8x
EV/EBITDA -51.8x -60.9x 27.5x
EV/EBIT -33.5x -8.8x 92.7x
EV/Revenue 27.1x 4.6x 10.7x
EV/FCF -167.4x 1,655x -11.3x
EV/Operating cash flow 4,083x 29.1x 16.5x
PEG (3Y EPS CAGR) 13.29 0.04 -50.31

Growth

14 metrics
MetricSKYHHPPFRPH
Revenue growth (1Y) 62.2% 1.8% 2.5%
Revenue CAGR (3Y) 106.1% -7.5% 2.8%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -11.5% – -49.7%
Operating income CAGR (3Y) -17.1% – -21.0%
Net income growth (1Y) 64.2% -29.3% -104.1%
Net income CAGR (3Y) 8.8% -114.5% -27.0%
EPS growth (1Y) 110.0% 39.2% -98.2%
EPS CAGR (3Y) 28.0% -27.7% -72.1%
Operating cash flow growth (1Y) 102.3% 39.4% 8.2%
Operating cash flow CAGR (3Y) 26.5% -27.0% 2.3%
Free cash flow growth (1Y) 68.5% 102.4% -98.6%
Free cash flow CAGR (3Y) 17.3% -12.8% -70.4%

Profitability

14 metrics
MetricSKYHHPPFRPH
Gross margin – – –
EBITDA margin -52.2% -7.6% 39.0%
Operating margin -80.8% – 11.6%
Pretax margin -91.7% -71.4% 20.8%
Net margin 2.7% -70.4% 0.2%
FCF margin -16.2% 0.3% -95.1%
Operating cash flow margin 0.7% 15.8% 65.2%
Return on equity -6.8% -19.1% -0.1%
Return on assets -1.4% -8.1% -0.1%
Return on invested capital – -6.6% 0.8%
Return on capital employed – – –
Asset turnover 0.0x 0.1x 0.1x
Cash conversion (OCF / net income) 0.0x -0.2x -126.7x
Stock comp / revenue 19.5% 1.3% 4.9%

Financial Health

11 metrics
MetricSKYHHPPFRPH
Debt / assets 38.4% 46.7% 28.2%
Debt / equity 1.9x 1.1x 0.5x
Net debt / EBITDA -8.6x -53.2x 6.7x
Debt / FCF -57.6x 1,480x -5.2x
Liabilities / assets 80.1% 58.3% 40.3%
Equity / assets 19.9% 41.7% 59.7%
Interest coverage -7.4x -2.7x 1.8x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricSKYHHPPFRPH
Dividend yield – 0.0% –
Net buyback yield -0.3% 0.7% –
Shareholder yield -0.3% 0.7% –
Payout ratio (earnings) – -0.1% –
Payout ratio (FCF) – 24.4% –
Dividend growth (1Y) – 56.1% –
Dividend CAGR (3Y) – -83.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSKYHHPPFRPH
EPS, next fiscal year $-0.40FY2026 $-3.72FY2026 –
EPS growth, next FY -544.4%FY2026 – –
Revenue, next fiscal year $42.16MFY2026 $744.07MFY2026 –
Revenue growth, next FY +53.1%FY2026 -10.5%FY2026 –
Revenue growth, the year after +57.5% -0.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSKYHHPPFRPH
Held by institutions 15.4% 100.0% 47.8%
Institutions holding 90 189 109
Change in shares held, QoQ +15.7% +4.8% +2.9%
Institutions buying 55 118 55
Institutions selling 18 52 30
Buyers to sellers 3.06 2.27 1.83

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SKYHHPPFRPH
SKYH 1.00 0.28 0.32
HPP 0.28 1.00 0.38
FRPH 0.32 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SKYH, HPP and FRPH?

Sky Harbour (SKYH) is the largest by market capitalisation: Sky Harbour (SKYH) $766.33M, Hudson Pacific Properties (HPP) $475.38M, Frp Holdings (FRPH) $351.33M.

Which stock is cheaper, SKYH, HPP and FRPH?

Sky Harbour (SKYH) trades on the lowest price-to-earnings ratio (Sky Harbour (SKYH) 372.5x, Hudson Pacific Properties (HPP) -1.0x, Frp Holdings (FRPH) 3,629x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sky Harbour (SKYH) grew revenue fastest over the trailing twelve months: Sky Harbour (SKYH) +62.2%, Hudson Pacific Properties (HPP) +1.8%, Frp Holdings (FRPH) +2.5%.

Which company is more profitable?

Sky Harbour (SKYH) has the highest net margin (Sky Harbour (SKYH) 2.7%, Hudson Pacific Properties (HPP) -70.4%, Frp Holdings (FRPH) 0.2%). On return on invested capital, Frp Holdings (FRPH) leads (Hudson Pacific Properties (HPP) -6.6%, Frp Holdings (FRPH) 0.8%).

Which stock has performed better?

Over the past year Sky Harbour (SKYH) returned the most: Sky Harbour (SKYH) +1.7%, Hudson Pacific Properties (HPP) -48.1%, Frp Holdings (FRPH) -23.8%. Over five years, Sky Harbour (SKYH) compounded fastest (Sky Harbour (SKYH) -0.2%/yr, Hudson Pacific Properties (HPP) -45.8%/yr, Frp Holdings (FRPH) -10.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Frp Holdings (FRPH) has been the steadiest (Sky Harbour (SKYH) 36.0%, Hudson Pacific Properties (HPP) 74.0%, Frp Holdings (FRPH) 25.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SKYH, HPP and FRPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sky Harbour (SKYH) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.