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Side-by-side financial comparison of CareDx, Inc. (CDNA) 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 $117.7M, roughly 1.7× CareDx, Inc.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs 2.4%, a 13.8% gap on every dollar of revenue. On growth, CareDx, Inc. posted the faster year-over-year revenue change (39.0% vs 0.8%). Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $514.0K). Over the past eight quarters, CareDx, Inc.'s revenue compounded faster (12.9% CAGR vs 4.9%).

CareDx, Inc. is a leading precision medicine company dedicated to organ transplant patient care. It develops and commercializes diagnostic tests for rejection surveillance, digital health management tools, and supportive clinical services, catering to transplant clinicians, patients, and healthcare systems across North America and European core markets.

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.

CDNA vs ESBA — Head-to-Head

Bigger by revenue
ESBA
ESBA
1.7× larger
ESBA
$199.2M
$117.7M
CDNA
Growing faster (revenue YoY)
CDNA
CDNA
+38.2% gap
CDNA
39.0%
0.8%
ESBA
Higher net margin
ESBA
ESBA
13.8% more per $
ESBA
16.1%
2.4%
CDNA
More free cash flow
ESBA
ESBA
$50.0M more FCF
ESBA
$50.6M
$514.0K
CDNA
Faster 2-yr revenue CAGR
CDNA
CDNA
Annualised
CDNA
12.9%
4.9%
ESBA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CDNA
CDNA
ESBA
ESBA
Revenue
$117.7M
$199.2M
Net Profit
$2.8M
$32.2M
Gross Margin
Operating Margin
17.8%
Net Margin
2.4%
16.1%
Revenue YoY
39.0%
0.8%
Net Profit YoY
71.2%
EPS (diluted)
$0.05
$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
CDNA
CDNA
ESBA
ESBA
Q1 26
$117.7M
Q4 25
$108.4M
$199.2M
Q3 25
$100.1M
$197.7M
Q2 25
$86.7M
$191.3M
Q1 25
$84.7M
$180.1M
Q4 24
$86.6M
$197.6M
Q3 24
$82.9M
$199.6M
Q2 24
$92.3M
$189.5M
Net Profit
CDNA
CDNA
ESBA
ESBA
Q1 26
$2.8M
Q4 25
$-4.1M
$32.2M
Q3 25
$1.7M
$13.6M
Q2 25
$-8.6M
$11.4M
Q1 25
$-10.4M
$15.8M
Q4 24
$87.7M
$18.8M
Q3 24
$-10.6M
$22.8M
Q2 24
$-4.6M
$28.6M
Operating Margin
CDNA
CDNA
ESBA
ESBA
Q1 26
Q4 25
-5.6%
17.8%
Q3 25
-0.2%
19.9%
Q2 25
-12.8%
18.4%
Q1 25
-15.8%
14.3%
Q4 24
97.5%
21.7%
Q3 24
-16.6%
22.7%
Q2 24
-7.9%
20.8%
Net Margin
CDNA
CDNA
ESBA
ESBA
Q1 26
2.4%
Q4 25
-3.8%
16.1%
Q3 25
1.7%
6.9%
Q2 25
-9.9%
6.0%
Q1 25
-12.2%
8.8%
Q4 24
101.3%
9.5%
Q3 24
-12.8%
11.4%
Q2 24
-5.0%
15.1%
EPS (diluted)
CDNA
CDNA
ESBA
ESBA
Q1 26
$0.05
Q4 25
$-0.08
$0.11
Q3 25
$0.03
$0.05
Q2 25
$-0.16
$0.04
Q1 25
$-0.19
$0.05
Q4 24
$1.60
$0.07
Q3 24
$-0.20
$0.08
Q2 24
$-0.09
$0.10

Balance Sheet & Financial Strength

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

Metric
CDNA
CDNA
ESBA
ESBA
Cash + ST InvestmentsLiquidity on hand
$77.9M
$132.7M
Total DebtLower is stronger
Stockholders' EquityBook value
Total Assets
$411.1M
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDNA
CDNA
ESBA
ESBA
Q1 26
$77.9M
Q4 25
$177.2M
$132.7M
Q3 25
$194.2M
$154.1M
Q2 25
$186.3M
$94.6M
Q1 25
$230.9M
$187.8M
Q4 24
$260.7M
$385.5M
Q3 24
$240.9M
$421.9M
Q2 24
$228.9M
$535.5M
Total Debt
CDNA
CDNA
ESBA
ESBA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$0
Stockholders' Equity
CDNA
CDNA
ESBA
ESBA
Q1 26
Q4 25
$303.1M
Q3 25
$311.1M
Q2 25
$327.4M
Q1 25
$379.3M
Q4 24
$378.4M
Q3 24
$273.2M
Q2 24
$264.7M
Total Assets
CDNA
CDNA
ESBA
ESBA
Q1 26
$411.1M
Q4 25
$413.2M
$4.5B
Q3 25
$432.3M
$4.1B
Q2 25
$444.3M
$4.1B
Q1 25
$489.6M
$4.1B
Q4 24
$491.1M
$4.5B
Q3 24
$477.0M
$4.4B
Q2 24
$466.8M
$4.4B
Debt / Equity
CDNA
CDNA
ESBA
ESBA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
CDNA
CDNA
ESBA
ESBA
Operating Cash FlowLast quarter
$4.3M
$249.1M
Free Cash FlowOCF − Capex
$514.0K
$50.6M
FCF MarginFCF / Revenue
0.4%
25.4%
Capex IntensityCapex / Revenue
99.6%
Cash ConversionOCF / Net Profit
1.54×
7.74×
TTM Free Cash FlowTrailing 4 quarters
$109.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDNA
CDNA
ESBA
ESBA
Q1 26
$4.3M
Q4 25
$21.4M
$249.1M
Q3 25
$37.4M
$105.3M
Q2 25
$9.9M
$26.7M
Q1 25
$-26.6M
$83.1M
Q4 24
$21.9M
$260.9M
Q3 24
$12.5M
$102.8M
Q2 24
$18.9M
$37.1M
Free Cash Flow
CDNA
CDNA
ESBA
ESBA
Q1 26
$514.0K
Q4 25
$50.6M
Q3 25
$72.8M
Q2 25
$-55.1M
Q1 25
$41.1M
Q4 24
$88.0M
Q3 24
$-65.1M
Q2 24
$19.5M
FCF Margin
CDNA
CDNA
ESBA
ESBA
Q1 26
0.4%
Q4 25
25.4%
Q3 25
36.8%
Q2 25
-28.8%
Q1 25
22.8%
Q4 24
44.5%
Q3 24
-32.6%
Q2 24
10.3%
Capex Intensity
CDNA
CDNA
ESBA
ESBA
Q1 26
Q4 25
99.6%
Q3 25
16.5%
Q2 25
42.8%
Q1 25
23.4%
Q4 24
87.5%
Q3 24
84.1%
Q2 24
9.3%
Cash Conversion
CDNA
CDNA
ESBA
ESBA
Q1 26
1.54×
Q4 25
7.74×
Q3 25
22.30×
7.72×
Q2 25
2.35×
Q1 25
5.27×
Q4 24
0.25×
13.88×
Q3 24
4.51×
Q2 24
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDNA
CDNA

Testing services revenue$91.4M78%
Patient and digital solutions revenue$16.0M14%
Product revenue$10.3M9%

ESBA
ESBA

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

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