SKYH vs HPP vs FRPH Stock Comparison

Sky Harbour, Hudson Pacific Properties and Frp Holdings Prices as of Oct 26, 2026 Peers: Industry group
SKYH Sky Harbour Group Corp
$9.56 -4.6% 1M -8.2% 1Y
Market cap
$338.20M
P/E
14.1x
Revenue (TTM)
$31.80M
Div. yield
–
Specialty REITs Real Estate
7 wins
FRPH Frp Holdings, Inc.
$18.96 -10.2% 1M -24.1% 1Y
Market cap
$358.81M
P/E
263.6x
Revenue (TTM)
$43.62M
Div. yield
–
Real Estate Operators Real Estate
1 win

Head to Head

9 decided of 12

Sky Harbour leads on 7 of the 12 questions below (Sky Harbour 7, Hudson Pacific Properties 1, Frp Holdings 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSKYHHPPFRPHLeader
Larger companyMarket capitalisation $338.20M $743.25M $358.81M HPP
Cheaper on earningsLower P/E, profitable companies only 14.1x -1.3x 263.6x SKYH
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +52.0% +1.8% +3.1% SKYH
More profitableNet margin, trailing twelve months 75.3% — 3.1% SKYH
Better return on capitalReturn on invested capital — — 0.9% –
Less leveragedLower net debt / EBITDA -7.7x — 6.4x SKYH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -8.2% -35.7% -24.1% SKYH
Better 5-year returnAnnualised price return, 5 years -1.2%/yr -42.6%/yr -7.6%/yr SKYH
Less volatileAnnualised volatility, 1 year 35.8% 71.9% 25.8% FRPH
Higher overall scoreMean of the five percentile scores vs peers 33/100 — 30/100 SKYH

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 4 #139 of 145 81 #28 of 145 24 #30 of 39
Growth 94 #10 of 142 11 #126 of 142 13 #29 of 33
Profitability 17 #113 of 136 – 48 #16 of 30
Financial Health 17 #115 of 139 – 35 #25 of 38
Shareholder Returns – – –
Overall 33 – 30
  • SKYH ranked among 149 companies in Property REITs
  • HPP ranked among 149 companies in Property REITs
  • FRPH ranked among 42 companies in Property Developers

Price Performance

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

Returns

PeriodSKYHHPPFRPHSPY
1 month -4.6%-2.3%-10.2% -0.8%
3 months -8.5%-22.2%-19.5% +3.5%
6 months -9.3%+25.6%-11.6% +7.0%
Year to date +6.6%+5.1%-16.8% +12.2%
1 year -8.2%-35.7%-24.1% +13.0%
3 years +66.0%-64.1%-29.8% +86.3%
3 years, per year +18.4%-29.0%-11.1% +23.1%
5 years -5.6%-93.8%-32.8% +68.6%
5 years, per year -1.2%-42.6%-7.6% +11.0%
10 years —-95.1%+18.9% +258.0%
10 years, per year —-26.0%+1.7% +13.6%

Risk

MeasureSKYHHPPFRPHSPY
Volatility, 1Y 35.8%71.9%25.8% 12.7%
Downside volatility, 1Y 36.0%69.7%26.7% 12.7%
Beta vs S&P 500, 1Y 0.991.220.26 1.00
Return / volatility, 1Y -0.23-0.50-0.93 1.02
Max drawdown, 5Y -92.9%-97.2%-42.2% -25.4%
From 52-week high -16.6%-35.2%-25.8% -1.8%
52-week high $11.46$17.57$25.56 $779.14
52-week low $8.30$5.51$18.77 $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 13.8xmedian 27.4x -1.3xmedian 27.4x 265.2xmedian 7.8x
P/S now vs peer median 23.0xmedian 4.2x 0.8xmedian 4.2x 8.3xmedian 4.9x
EV/EBITDA now vs peer median -44.7xmedian 14.2x —median 14.2x 26.9xmedian 11.2x
P/FCF now vs peer median —median 23.2x —median 23.2x —median 6.4x
P/B now vs peer median 4.5xmedian 1.3x —median 1.3x 0.8xmedian 0.6x
PEG now vs peer median 0.21median 2.11 0.05median 2.11 -8.16median 0.33

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 $31.80M $812.79M $43.62M
Operating income -$27.97M – $6.16M
Net income $12.08M -$579.85M $1.32M
EPS (diluted) $0.70 $-8.87 $0.07
Cash & equivalents $164.03M $80.76M $100.98M
Total debt $316.34M – $214.62M
Shares (diluted) 34.46M 64.46M 19.06M
Enterprise value $68.57M $743.25M -$136.81M

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 13.8x -1.3x 265.2x
P/FCF – – –
P/Operating cash flow – – –
P/S 23.0x 0.8x 8.3x
P/B 4.5x – 0.8x
P/Tangible book 4.5x – 0.8x
EV/EBITDA -44.7x – 26.9x
EV/EBIT -31.6x – 77.5x
EV/Revenue 27.8x 0.8x 10.9x
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) 0.21 0.05 -8.16

Growth

14 metrics
MetricSKYHHPPFRPH
Revenue growth (1Y) 52.0% 1.8% 3.1%
Revenue CAGR (3Y) 101.7% -7.5% 3.0%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -13.8% – -38.3%
Operating income CAGR (3Y) -17.9% – -15.4%
Net income growth (1Y) 138.4% -29.3% -75.5%
Net income CAGR (3Y) 41.2% -114.5% -33.9%
EPS growth (1Y) 358.1% 39.2% -74.5%
EPS CAGR (3Y) 65.8% -27.7% -32.5%
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricSKYHHPPFRPH
Gross margin – – –
EBITDA margin -62.2% – 40.7%
Operating margin -88.0% – 14.1%
Pretax margin -96.0% – 24.5%
Net margin 75.3% – 3.1%
FCF margin – – –
Operating cash flow margin – – –
Return on equity 7.2% – 0.2%
Return on assets 1.7% -8.1% 0.1%
Return on invested capital – – 0.9%
Return on capital employed – – –
Asset turnover 0.0x 0.1x 0.1x
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – 6.3%

Financial Health

11 metrics
MetricSKYHHPPFRPH
Debt / assets 38.4% – 28.2%
Debt / equity 1.9x – 0.5x
Net debt / EBITDA -7.7x – 6.4x
Debt / FCF – – –
Liabilities / assets 80.1% 57.6% 40.3%
Equity / assets 19.9% – 59.7%
Interest coverage -10.9x – 2.1x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricSKYHHPPFRPH
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – 0.0% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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 $744.06MFY2026 –
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% +3.0%
Institutions buying 55 118 56
Institutions selling 18 52 30
Buyers to sellers 3.06 2.27 1.87

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 0.29 0.32
HPP 0.29 1.00 0.39
FRPH 0.32 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SKYH, HPP and FRPH?

Hudson Pacific Properties (HPP) is the largest by market capitalisation: Sky Harbour (SKYH) $338.20M, Hudson Pacific Properties (HPP) $743.25M, Frp Holdings (FRPH) $358.81M.

Which stock is cheaper, SKYH, HPP and FRPH?

Sky Harbour (SKYH) trades on the lowest price-to-earnings ratio (Sky Harbour (SKYH) 14.1x, Hudson Pacific Properties (HPP) -1.3x, Frp Holdings (FRPH) 263.6x). 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) +52.0%, Hudson Pacific Properties (HPP) +1.8%, Frp Holdings (FRPH) +3.1%.

Which company is more profitable?

Sky Harbour (SKYH) has the highest net margin (Sky Harbour (SKYH) 75.3%, Frp Holdings (FRPH) 3.1%).

Which stock has performed better?

Over the past year Sky Harbour (SKYH) returned the most: Sky Harbour (SKYH) -8.2%, Hudson Pacific Properties (HPP) -35.7%, Frp Holdings (FRPH) -24.1%. Over five years, Sky Harbour (SKYH) compounded fastest (Sky Harbour (SKYH) -1.2%/yr, Hudson Pacific Properties (HPP) -42.6%/yr, Frp Holdings (FRPH) -7.6%/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) 35.8%, Hudson Pacific Properties (HPP) 71.9%, Frp Holdings (FRPH) 25.8%). 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 7. 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.