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Side-by-side financial comparison of Azenta, Inc. (AZTA) and Empire State Realty OP, L.P. (ESBA). Click either name above to swap in a different company.

Empire State Realty OP, L.P. is the larger business by last-quarter revenue ($199.2M vs $148.6M, roughly 1.3× Azenta, Inc.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -10.4%, a 26.5% gap on every dollar of revenue. On growth, Empire State Realty OP, L.P. posted the faster year-over-year revenue change (0.8% vs 0.8%). Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $14.7M). Over the past eight quarters, Empire State Realty OP, L.P.'s revenue compounded faster (4.9% CAGR vs 4.4%).

Azenta, was founded in 1978, and is based in Chelmsford, Massachusetts, United States. The company is a provider of life sciences services including genomics, cryogenic storage, automation, and informatics.

Empire State Realty OP, L.P. is a real estate operating partnership focused on owning, managing, and leasing premium commercial and retail properties primarily in the New York City metropolitan area. Its portfolio includes iconic landmarks like the Empire State Building, serving corporate tenants, retail brands and tourism-related business segments.

AZTA vs ESBA — Head-to-Head

Bigger by revenue
ESBA
ESBA
1.3× larger
ESBA
$199.2M
$148.6M
AZTA
Growing faster (revenue YoY)
ESBA
ESBA
+0.1% gap
ESBA
0.8%
0.8%
AZTA
Higher net margin
ESBA
ESBA
26.5% more per $
ESBA
16.1%
-10.4%
AZTA
More free cash flow
ESBA
ESBA
$35.9M more FCF
ESBA
$50.6M
$14.7M
AZTA
Faster 2-yr revenue CAGR
ESBA
ESBA
Annualised
ESBA
4.9%
4.4%
AZTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AZTA
AZTA
ESBA
ESBA
Revenue
$148.6M
$199.2M
Net Profit
$-15.4M
$32.2M
Gross Margin
42.9%
Operating Margin
-4.9%
17.8%
Net Margin
-10.4%
16.1%
Revenue YoY
0.8%
0.8%
Net Profit YoY
-15.7%
71.2%
EPS (diluted)
$-0.34
$0.11

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
AZTA
AZTA
ESBA
ESBA
Q4 25
$148.6M
$199.2M
Q3 25
$159.2M
$197.7M
Q2 25
$143.9M
$191.3M
Q1 25
$143.3M
$180.1M
Q4 24
$147.4M
$197.6M
Q3 24
$150.6M
$199.6M
Q2 24
$144.3M
$189.5M
Q1 24
$136.4M
$181.2M
Net Profit
AZTA
AZTA
ESBA
ESBA
Q4 25
$-15.4M
$32.2M
Q3 25
$50.9M
$13.6M
Q2 25
$-48.0M
$11.4M
Q1 25
$-47.7M
$15.8M
Q4 24
$-11.0M
$18.8M
Q3 24
$-6.6M
$22.8M
Q2 24
$-6.6M
$28.6M
Q1 24
$-137.4M
$10.2M
Gross Margin
AZTA
AZTA
ESBA
ESBA
Q4 25
42.9%
Q3 25
45.4%
Q2 25
46.2%
Q1 25
43.8%
Q4 24
46.7%
Q3 24
45.5%
Q2 24
44.8%
Q1 24
43.8%
Operating Margin
AZTA
AZTA
ESBA
ESBA
Q4 25
-4.9%
17.8%
Q3 25
1.2%
19.9%
Q2 25
-1.3%
18.4%
Q1 25
-12.7%
14.3%
Q4 24
-5.9%
21.7%
Q3 24
-3.1%
22.7%
Q2 24
-4.9%
20.8%
Q1 24
-18.1%
17.1%
Net Margin
AZTA
AZTA
ESBA
ESBA
Q4 25
-10.4%
16.1%
Q3 25
32.0%
6.9%
Q2 25
-33.4%
6.0%
Q1 25
-33.3%
8.8%
Q4 24
-7.5%
9.5%
Q3 24
-4.4%
11.4%
Q2 24
-4.5%
15.1%
Q1 24
-100.8%
5.6%
EPS (diluted)
AZTA
AZTA
ESBA
ESBA
Q4 25
$-0.34
$0.11
Q3 25
$1.12
$0.05
Q2 25
$-1.05
$0.04
Q1 25
$-1.04
$0.05
Q4 24
$-0.25
$0.07
Q3 24
$-0.25
$0.08
Q2 24
$-0.12
$0.10
Q1 24
$-2.48
$0.03

Balance Sheet & Financial Strength

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

Metric
AZTA
AZTA
ESBA
ESBA
Cash + ST InvestmentsLiquidity on hand
$336.6M
$132.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
Total Assets
$2.1B
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZTA
AZTA
ESBA
ESBA
Q4 25
$336.6M
$132.7M
Q3 25
$279.8M
$154.1M
Q2 25
$270.0M
$94.6M
Q1 25
$253.6M
$187.8M
Q4 24
$377.5M
$385.5M
Q3 24
$280.0M
$421.9M
Q2 24
$336.5M
$535.5M
Q1 24
$353.5M
$333.6M
Stockholders' Equity
AZTA
AZTA
ESBA
ESBA
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$2.0B
Q1 24
$2.2B
Total Assets
AZTA
AZTA
ESBA
ESBA
Q4 25
$2.1B
$4.5B
Q3 25
$2.1B
$4.1B
Q2 25
$2.0B
$4.1B
Q1 25
$2.0B
$4.1B
Q4 24
$2.0B
$4.5B
Q3 24
$2.1B
$4.4B
Q2 24
$2.3B
$4.4B
Q1 24
$2.6B
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AZTA
AZTA
ESBA
ESBA
Operating Cash FlowLast quarter
$20.8M
$249.1M
Free Cash FlowOCF − Capex
$14.7M
$50.6M
FCF MarginFCF / Revenue
9.9%
25.4%
Capex IntensityCapex / Revenue
4.2%
99.6%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$30.9M
$109.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZTA
AZTA
ESBA
ESBA
Q4 25
$20.8M
$249.1M
Q3 25
$2.2M
$105.3M
Q2 25
$25.8M
$26.7M
Q1 25
$14.4M
$83.1M
Q4 24
$29.8M
$260.9M
Q3 24
$17.7M
$102.8M
Q2 24
$9.8M
$37.1M
Q1 24
$8.7M
$70.9M
Free Cash Flow
AZTA
AZTA
ESBA
ESBA
Q4 25
$14.7M
$50.6M
Q3 25
$-5.7M
$72.8M
Q2 25
$15.0M
$-55.1M
Q1 25
$7.0M
$41.1M
Q4 24
$22.0M
$88.0M
Q3 24
$8.3M
$-65.1M
Q2 24
$1.3M
$19.5M
Q1 24
$428.0K
$23.2M
FCF Margin
AZTA
AZTA
ESBA
ESBA
Q4 25
9.9%
25.4%
Q3 25
-3.6%
36.8%
Q2 25
10.4%
-28.8%
Q1 25
4.9%
22.8%
Q4 24
15.0%
44.5%
Q3 24
5.5%
-32.6%
Q2 24
0.9%
10.3%
Q1 24
0.3%
12.8%
Capex Intensity
AZTA
AZTA
ESBA
ESBA
Q4 25
4.2%
99.6%
Q3 25
4.9%
16.5%
Q2 25
7.5%
42.8%
Q1 25
5.2%
23.4%
Q4 24
5.3%
87.5%
Q3 24
6.2%
84.1%
Q2 24
5.9%
9.3%
Q1 24
6.1%
26.3%
Cash Conversion
AZTA
AZTA
ESBA
ESBA
Q4 25
7.74×
Q3 25
0.04×
7.72×
Q2 25
2.35×
Q1 25
5.27×
Q4 24
13.88×
Q3 24
4.51×
Q2 24
1.30×
Q1 24
6.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AZTA
AZTA

Multiomics$67.2M45%
Core Products$47.6M32%
Sample Repository Solutions$33.8M23%

ESBA
ESBA

Real Estate Segment$163.8M82%
Observatory Segment$35.2M18%

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