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Side-by-side financial comparison of Certara, Inc. (CERT) 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 $103.6M, roughly 1.9× Certara, Inc.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -5.7%, a 21.8% gap on every dollar of revenue. On growth, Certara, Inc. posted the faster year-over-year revenue change (3.3% vs 0.8%). Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $27.8M). Over the past eight quarters, Empire State Realty OP, L.P.'s revenue compounded faster (4.9% CAGR vs 3.6%).

Certara is a global leader in biopharmaceutical software and consulting services, specializing in modeling, simulation, and regulatory science solutions. It serves pharmaceutical companies, biotech firms and healthcare stakeholders across all drug development stages, helping accelerate new therapy launches, lower R&D risks and cut overall development costs.

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.

CERT vs ESBA — Head-to-Head

Bigger by revenue
ESBA
ESBA
1.9× larger
ESBA
$199.2M
$103.6M
CERT
Growing faster (revenue YoY)
CERT
CERT
+2.5% gap
CERT
3.3%
0.8%
ESBA
Higher net margin
ESBA
ESBA
21.8% more per $
ESBA
16.1%
-5.7%
CERT
More free cash flow
ESBA
ESBA
$22.7M more FCF
ESBA
$50.6M
$27.8M
CERT
Faster 2-yr revenue CAGR
ESBA
ESBA
Annualised
ESBA
4.9%
3.6%
CERT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CERT
CERT
ESBA
ESBA
Revenue
$103.6M
$199.2M
Net Profit
$-5.9M
$32.2M
Gross Margin
Operating Margin
0.8%
17.8%
Net Margin
-5.7%
16.1%
Revenue YoY
3.3%
0.8%
Net Profit YoY
-189.6%
71.2%
EPS (diluted)
$-0.04
$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
CERT
CERT
ESBA
ESBA
Q4 25
$103.6M
$199.2M
Q3 25
$104.6M
$197.7M
Q2 25
$104.6M
$191.3M
Q1 25
$106.0M
$180.1M
Q4 24
$100.4M
$197.6M
Q3 24
$94.8M
$199.6M
Q2 24
$93.3M
$189.5M
Q1 24
$96.7M
$181.2M
Net Profit
CERT
CERT
ESBA
ESBA
Q4 25
$-5.9M
$32.2M
Q3 25
$1.5M
$13.6M
Q2 25
$-2.0M
$11.4M
Q1 25
$4.7M
$15.8M
Q4 24
$6.6M
$18.8M
Q3 24
$-1.4M
$22.8M
Q2 24
$-12.6M
$28.6M
Q1 24
$-4.7M
$10.2M
Operating Margin
CERT
CERT
ESBA
ESBA
Q4 25
0.8%
17.8%
Q3 25
2.9%
19.9%
Q2 25
9.1%
18.4%
Q1 25
7.2%
14.3%
Q4 24
6.0%
21.7%
Q3 24
2.7%
22.7%
Q2 24
-9.7%
20.8%
Q1 24
-1.3%
17.1%
Net Margin
CERT
CERT
ESBA
ESBA
Q4 25
-5.7%
16.1%
Q3 25
1.5%
6.9%
Q2 25
-1.9%
6.0%
Q1 25
4.5%
8.8%
Q4 24
6.6%
9.5%
Q3 24
-1.4%
11.4%
Q2 24
-13.5%
15.1%
Q1 24
-4.8%
5.6%
EPS (diluted)
CERT
CERT
ESBA
ESBA
Q4 25
$-0.04
$0.11
Q3 25
$0.01
$0.05
Q2 25
$-0.01
$0.04
Q1 25
$0.03
$0.05
Q4 24
$0.04
$0.07
Q3 24
$-0.01
$0.08
Q2 24
$-0.08
$0.10
Q1 24
$-0.03
$0.03

Balance Sheet & Financial Strength

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

Metric
CERT
CERT
ESBA
ESBA
Cash + ST InvestmentsLiquidity on hand
$189.4M
$132.7M
Total DebtLower is stronger
$293.1M
Stockholders' EquityBook value
$1.1B
Total Assets
$1.6B
$4.5B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CERT
CERT
ESBA
ESBA
Q4 25
$189.4M
$132.7M
Q3 25
$172.7M
$154.1M
Q2 25
$162.3M
$94.6M
Q1 25
$179.1M
$187.8M
Q4 24
$179.2M
$385.5M
Q3 24
$233.0M
$421.9M
Q2 24
$224.6M
$535.5M
Q1 24
$224.8M
$333.6M
Total Debt
CERT
CERT
ESBA
ESBA
Q4 25
$293.1M
Q3 25
$293.5M
Q2 25
$294.2M
Q1 25
$294.8M
Q4 24
$295.4M
Q3 24
$296.1M
Q2 24
$296.7M
Q1 24
$290.8M
Stockholders' Equity
CERT
CERT
ESBA
ESBA
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.1B
Total Assets
CERT
CERT
ESBA
ESBA
Q4 25
$1.6B
$4.5B
Q3 25
$1.5B
$4.1B
Q2 25
$1.5B
$4.1B
Q1 25
$1.6B
$4.1B
Q4 24
$1.6B
$4.5B
Q3 24
$1.5B
$4.4B
Q2 24
$1.5B
$4.4B
Q1 24
$1.5B
$4.2B
Debt / Equity
CERT
CERT
ESBA
ESBA
Q4 25
0.28×
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.28×
Q3 24
0.28×
Q2 24
0.28×
Q1 24
0.28×

Cash Flow & Capital Efficiency

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

Metric
CERT
CERT
ESBA
ESBA
Operating Cash FlowLast quarter
$28.8M
$249.1M
Free Cash FlowOCF − Capex
$27.8M
$50.6M
FCF MarginFCF / Revenue
26.8%
25.4%
Capex IntensityCapex / Revenue
1.0%
99.6%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$94.4M
$109.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CERT
CERT
ESBA
ESBA
Q4 25
$28.8M
$249.1M
Q3 25
$32.3M
$105.3M
Q2 25
$17.8M
$26.7M
Q1 25
$17.4M
$83.1M
Q4 24
$49.4M
$260.9M
Q3 24
$17.0M
$102.8M
Q2 24
$9.8M
$37.1M
Q1 24
$4.3M
$70.9M
Free Cash Flow
CERT
CERT
ESBA
ESBA
Q4 25
$27.8M
$50.6M
Q3 25
$32.1M
$72.8M
Q2 25
$17.8M
$-55.1M
Q1 25
$16.8M
$41.1M
Q4 24
$49.0M
$88.0M
Q3 24
$16.8M
$-65.1M
Q2 24
$9.4M
$19.5M
Q1 24
$3.7M
$23.2M
FCF Margin
CERT
CERT
ESBA
ESBA
Q4 25
26.8%
25.4%
Q3 25
30.7%
36.8%
Q2 25
17.0%
-28.8%
Q1 25
15.8%
22.8%
Q4 24
48.8%
44.5%
Q3 24
17.7%
-32.6%
Q2 24
10.1%
10.3%
Q1 24
3.8%
12.8%
Capex Intensity
CERT
CERT
ESBA
ESBA
Q4 25
1.0%
99.6%
Q3 25
0.2%
16.5%
Q2 25
0.1%
42.8%
Q1 25
0.6%
23.4%
Q4 24
0.4%
87.5%
Q3 24
0.2%
84.1%
Q2 24
0.5%
9.3%
Q1 24
0.6%
26.3%
Cash Conversion
CERT
CERT
ESBA
ESBA
Q4 25
7.74×
Q3 25
21.19×
7.72×
Q2 25
2.35×
Q1 25
3.66×
5.27×
Q4 24
7.51×
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

CERT
CERT

Segment breakdown not available.

ESBA
ESBA

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

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