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Side-by-side financial comparison of DoubleVerify Holdings, Inc. (DV) and Empire State Realty Trust, Inc. (ESRT). Click either name above to swap in a different company.

DoubleVerify Holdings, Inc. is the larger business by last-quarter revenue ($205.6M vs $190.3M, roughly 1.1× Empire State Realty Trust, Inc.). DoubleVerify Holdings, Inc. runs the higher net margin — 14.3% vs 1.6%, a 12.7% gap on every dollar of revenue. On growth, DoubleVerify Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 5.7%). Over the past eight quarters, DoubleVerify Holdings, Inc.'s revenue compounded faster (20.8% CAGR vs 0.2%).

Double Vision is a Malaysian production studio. Established in 1985, it has production hubs in Malaysia and Indonesia. Double Vision produces over 1,400 hours of television programming per year in various languages and genres for the regional market. It also houses international entertainment TV network, Channel [V], in its studios.

Empire State Realty Trust is a leading real estate investment trust that owns, manages, and operates a portfolio of premium commercial, residential, and retail properties primarily in the New York City metropolitan area, including the iconic Empire State Building. It serves corporate tenants, retail partners, and residential occupants, focusing on sustainable property operations and long-term asset value growth.

DV vs ESRT — Head-to-Head

Bigger by revenue
DV
DV
1.1× larger
DV
$205.6M
$190.3M
ESRT
Growing faster (revenue YoY)
DV
DV
+2.2% gap
DV
7.9%
5.7%
ESRT
Higher net margin
DV
DV
12.7% more per $
DV
14.3%
1.6%
ESRT
Faster 2-yr revenue CAGR
DV
DV
Annualised
DV
20.8%
0.2%
ESRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DV
DV
ESRT
ESRT
Revenue
$205.6M
$190.3M
Net Profit
$29.3M
$3.0M
Gross Margin
82.5%
Operating Margin
18.4%
15.5%
Net Margin
14.3%
1.6%
Revenue YoY
7.9%
5.7%
Net Profit YoY
25.3%
-73.7%
EPS (diluted)
$0.18
$0.20

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
DV
DV
ESRT
ESRT
Q1 26
$190.3M
Q4 25
$205.6M
$199.2M
Q3 25
$188.6M
$197.7M
Q2 25
$189.0M
$191.3M
Q1 25
$165.1M
$180.1M
Q4 24
$190.6M
$197.6M
Q3 24
$169.6M
$199.6M
Q2 24
$155.9M
$189.5M
Net Profit
DV
DV
ESRT
ESRT
Q1 26
$3.0M
Q4 25
$29.3M
$32.2M
Q3 25
$10.2M
$13.6M
Q2 25
$8.8M
$11.4M
Q1 25
$2.4M
$15.8M
Q4 24
$23.4M
$18.8M
Q3 24
$18.2M
$22.8M
Q2 24
$7.5M
$28.6M
Gross Margin
DV
DV
ESRT
ESRT
Q1 26
Q4 25
82.5%
Q3 25
82.3%
Q2 25
82.5%
Q1 25
81.2%
Q4 24
82.0%
Q3 24
82.6%
Q2 24
83.3%
Operating Margin
DV
DV
ESRT
ESRT
Q1 26
15.5%
Q4 25
18.4%
17.8%
Q3 25
11.2%
19.9%
Q2 25
7.2%
18.4%
Q1 25
4.1%
14.3%
Q4 24
20.3%
21.7%
Q3 24
15.2%
22.7%
Q2 24
7.1%
20.8%
Net Margin
DV
DV
ESRT
ESRT
Q1 26
1.6%
Q4 25
14.3%
16.1%
Q3 25
5.4%
6.9%
Q2 25
4.6%
6.0%
Q1 25
1.4%
8.8%
Q4 24
12.3%
9.5%
Q3 24
10.7%
11.4%
Q2 24
4.8%
15.1%
EPS (diluted)
DV
DV
ESRT
ESRT
Q1 26
$0.20
Q4 25
$0.18
$0.11
Q3 25
$0.06
$0.05
Q2 25
$0.05
$0.04
Q1 25
$0.01
$0.05
Q4 24
$0.14
$0.07
Q3 24
$0.10
$0.08
Q2 24
$0.04
$0.10

Balance Sheet & Financial Strength

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

Metric
DV
DV
ESRT
ESRT
Cash + ST InvestmentsLiquidity on hand
$259.0M
$68.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.8B
Total Assets
$1.4B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DV
DV
ESRT
ESRT
Q1 26
$68.8M
Q4 25
$259.0M
$132.7M
Q3 25
$200.7M
$154.1M
Q2 25
$216.8M
$94.6M
Q1 25
$174.3M
$187.8M
Q4 24
$310.6M
$385.5M
Q3 24
$362.6M
$421.9M
Q2 24
$338.8M
$535.5M
Stockholders' Equity
DV
DV
ESRT
ESRT
Q1 26
$1.8B
Q4 25
$1.1B
$1.1B
Q3 25
$1.1B
$1.0B
Q2 25
$1.1B
$1.0B
Q1 25
$1.0B
$1.0B
Q4 24
$1.1B
$1.0B
Q3 24
$1.1B
$1.0B
Q2 24
$1.1B
$1.0B
Total Assets
DV
DV
ESRT
ESRT
Q1 26
$4.4B
Q4 25
$1.4B
$4.5B
Q3 25
$1.3B
$4.1B
Q2 25
$1.3B
$4.1B
Q1 25
$1.2B
$4.1B
Q4 24
$1.3B
$4.5B
Q3 24
$1.3B
$4.4B
Q2 24
$1.3B
$4.4B

Cash Flow & Capital Efficiency

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

Metric
DV
DV
ESRT
ESRT
Operating Cash FlowLast quarter
$72.7M
Free Cash FlowOCF − Capex
$62.1M
FCF MarginFCF / Revenue
30.2%
Capex IntensityCapex / Revenue
5.1%
10.0%
Cash ConversionOCF / Net Profit
2.48×
TTM Free Cash FlowTrailing 4 quarters
$172.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DV
DV
ESRT
ESRT
Q1 26
Q4 25
$72.7M
$249.1M
Q3 25
$51.2M
$105.3M
Q2 25
$49.6M
$26.7M
Q1 25
$37.7M
$83.1M
Q4 24
$37.4M
$260.9M
Q3 24
$54.6M
$102.8M
Q2 24
$35.9M
$37.1M
Free Cash Flow
DV
DV
ESRT
ESRT
Q1 26
Q4 25
$62.1M
$50.6M
Q3 25
$39.0M
$72.8M
Q2 25
$40.1M
$-55.1M
Q1 25
$31.4M
$41.1M
Q4 24
$30.0M
$88.0M
Q3 24
$48.4M
$-65.1M
Q2 24
$28.7M
$19.5M
FCF Margin
DV
DV
ESRT
ESRT
Q1 26
Q4 25
30.2%
25.4%
Q3 25
20.7%
36.8%
Q2 25
21.2%
-28.8%
Q1 25
19.0%
22.8%
Q4 24
15.8%
44.5%
Q3 24
28.5%
-32.6%
Q2 24
18.4%
10.3%
Capex Intensity
DV
DV
ESRT
ESRT
Q1 26
10.0%
Q4 25
5.1%
99.6%
Q3 25
6.4%
16.5%
Q2 25
5.0%
42.8%
Q1 25
3.8%
23.4%
Q4 24
3.9%
87.5%
Q3 24
3.7%
84.1%
Q2 24
4.6%
9.3%
Cash Conversion
DV
DV
ESRT
ESRT
Q1 26
Q4 25
2.48×
7.74×
Q3 25
5.02×
7.72×
Q2 25
5.66×
2.35×
Q1 25
15.95×
5.27×
Q4 24
1.60×
13.88×
Q3 24
3.00×
4.51×
Q2 24
4.80×
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DV
DV

Activation$116.5M57%
Measurement$69.6M34%
Supply Side$19.5M9%

ESRT
ESRT

Rental revenue (1)$166.1M87%
Observatory revenue$18.5M10%
Other revenue and fees$4.1M2%
Lease termination fees$1.4M1%
Third-party management and other fees$277.0K0%

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