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

HF Foods Group Inc. is the larger business by last-quarter revenue ($308.0M vs $199.2M, roughly 1.5× Empire State Realty OP, L.P.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -12.1%, a 28.3% gap on every dollar of revenue. On growth, HF Foods Group Inc. posted the faster year-over-year revenue change (0.9% vs 0.8%). Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $12.1M). Over the past eight quarters, Empire State Realty OP, L.P.'s revenue compounded faster (4.9% CAGR vs 2.1%).

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.

HF Sinclair Corporation is an American energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States.

ESBA vs HFFG — Head-to-Head

Bigger by revenue
HFFG
HFFG
1.5× larger
HFFG
$308.0M
$199.2M
ESBA
Growing faster (revenue YoY)
HFFG
HFFG
+0.1% gap
HFFG
0.9%
0.8%
ESBA
Higher net margin
ESBA
ESBA
28.3% more per $
ESBA
16.1%
-12.1%
HFFG
More free cash flow
ESBA
ESBA
$38.5M more FCF
ESBA
$50.6M
$12.1M
HFFG
Faster 2-yr revenue CAGR
ESBA
ESBA
Annualised
ESBA
4.9%
2.1%
HFFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESBA
ESBA
HFFG
HFFG
Revenue
$199.2M
$308.0M
Net Profit
$32.2M
$-37.3M
Gross Margin
16.6%
Operating Margin
17.8%
-12.8%
Net Margin
16.1%
-12.1%
Revenue YoY
0.8%
0.9%
Net Profit YoY
71.2%
15.0%
EPS (diluted)
$0.11
$-0.70

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
ESBA
ESBA
HFFG
HFFG
Q4 25
$199.2M
$308.0M
Q3 25
$197.7M
$307.0M
Q2 25
$191.3M
$314.9M
Q1 25
$180.1M
$298.4M
Q4 24
$197.6M
$305.3M
Q3 24
$199.6M
$298.4M
Q2 24
$189.5M
$302.3M
Q1 24
$181.2M
$295.7M
Net Profit
ESBA
ESBA
HFFG
HFFG
Q4 25
$32.2M
$-37.3M
Q3 25
$13.6M
$-1.1M
Q2 25
$11.4M
$1.2M
Q1 25
$15.8M
$-1.6M
Q4 24
$18.8M
$-43.9M
Q3 24
$22.8M
$-3.9M
Q2 24
$28.6M
$17.0K
Q1 24
$10.2M
$-694.0K
Gross Margin
ESBA
ESBA
HFFG
HFFG
Q4 25
16.6%
Q3 25
16.4%
Q2 25
17.5%
Q1 25
17.1%
Q4 24
17.1%
Q3 24
16.8%
Q2 24
17.4%
Q1 24
17.1%
Operating Margin
ESBA
ESBA
HFFG
HFFG
Q4 25
17.8%
-12.8%
Q3 25
19.9%
0.4%
Q2 25
18.4%
1.3%
Q1 25
14.3%
0.4%
Q4 24
21.7%
-13.8%
Q3 24
22.7%
0.2%
Q2 24
20.8%
0.9%
Q1 24
17.1%
-0.0%
Net Margin
ESBA
ESBA
HFFG
HFFG
Q4 25
16.1%
-12.1%
Q3 25
6.9%
-0.4%
Q2 25
6.0%
0.4%
Q1 25
8.8%
-0.6%
Q4 24
9.5%
-14.4%
Q3 24
11.4%
-1.3%
Q2 24
15.1%
0.0%
Q1 24
5.6%
-0.2%
EPS (diluted)
ESBA
ESBA
HFFG
HFFG
Q4 25
$0.11
$-0.70
Q3 25
$0.05
$-0.02
Q2 25
$0.04
$0.02
Q1 25
$0.05
$-0.03
Q4 24
$0.07
$-0.84
Q3 24
$0.08
$-0.07
Q2 24
$0.10
$0.00
Q1 24
$0.03
$-0.01

Balance Sheet & Financial Strength

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

Metric
ESBA
ESBA
HFFG
HFFG
Cash + ST InvestmentsLiquidity on hand
$132.7M
Total DebtLower is stronger
$106.1M
Stockholders' EquityBook value
$202.1M
Total Assets
$4.5B
$541.5M
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESBA
ESBA
HFFG
HFFG
Q4 25
$132.7M
Q3 25
$154.1M
Q2 25
$94.6M
Q1 25
$187.8M
Q4 24
$385.5M
Q3 24
$421.9M
Q2 24
$535.5M
Q1 24
$333.6M
Total Debt
ESBA
ESBA
HFFG
HFFG
Q4 25
$106.1M
Q3 25
$107.3M
Q2 25
$106.0M
Q1 25
$107.4M
Q4 24
$108.7M
Q3 24
$110.1M
Q2 24
$111.4M
Q1 24
$112.8M
Stockholders' Equity
ESBA
ESBA
HFFG
HFFG
Q4 25
$202.1M
Q3 25
$239.2M
Q2 25
$239.7M
Q1 25
$238.0M
Q4 24
$239.3M
Q3 24
$283.1M
Q2 24
$286.3M
Q1 24
$286.7M
Total Assets
ESBA
ESBA
HFFG
HFFG
Q4 25
$4.5B
$541.5M
Q3 25
$4.1B
$595.1M
Q2 25
$4.1B
$593.5M
Q1 25
$4.1B
$581.9M
Q4 24
$4.5B
$550.0M
Q3 24
$4.4B
$612.8M
Q2 24
$4.4B
$616.9M
Q1 24
$4.2B
$603.1M
Debt / Equity
ESBA
ESBA
HFFG
HFFG
Q4 25
0.53×
Q3 25
0.45×
Q2 25
0.44×
Q1 25
0.45×
Q4 24
0.45×
Q3 24
0.39×
Q2 24
0.39×
Q1 24
0.39×

Cash Flow & Capital Efficiency

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

Metric
ESBA
ESBA
HFFG
HFFG
Operating Cash FlowLast quarter
$249.1M
$21.0M
Free Cash FlowOCF − Capex
$50.6M
$12.1M
FCF MarginFCF / Revenue
25.4%
3.9%
Capex IntensityCapex / Revenue
99.6%
2.9%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$109.3M
$6.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESBA
ESBA
HFFG
HFFG
Q4 25
$249.1M
$21.0M
Q3 25
$105.3M
$-6.0M
Q2 25
$26.7M
$3.5M
Q1 25
$83.1M
$6.9M
Q4 24
$260.9M
$18.4M
Q3 24
$102.8M
$2.3M
Q2 24
$37.1M
$-9.3M
Q1 24
$70.9M
$11.2M
Free Cash Flow
ESBA
ESBA
HFFG
HFFG
Q4 25
$50.6M
$12.1M
Q3 25
$72.8M
$-9.3M
Q2 25
$-55.1M
$363.0K
Q1 25
$41.1M
$3.4M
Q4 24
$88.0M
$15.3M
Q3 24
$-65.1M
$-820.0K
Q2 24
$19.5M
$-13.0M
Q1 24
$23.2M
$8.6M
FCF Margin
ESBA
ESBA
HFFG
HFFG
Q4 25
25.4%
3.9%
Q3 25
36.8%
-3.0%
Q2 25
-28.8%
0.1%
Q1 25
22.8%
1.1%
Q4 24
44.5%
5.0%
Q3 24
-32.6%
-0.3%
Q2 24
10.3%
-4.3%
Q1 24
12.8%
2.9%
Capex Intensity
ESBA
ESBA
HFFG
HFFG
Q4 25
99.6%
2.9%
Q3 25
16.5%
1.1%
Q2 25
42.8%
1.0%
Q1 25
23.4%
1.2%
Q4 24
87.5%
1.0%
Q3 24
84.1%
1.0%
Q2 24
9.3%
1.2%
Q1 24
26.3%
0.9%
Cash Conversion
ESBA
ESBA
HFFG
HFFG
Q4 25
7.74×
Q3 25
7.72×
Q2 25
2.35×
2.89×
Q1 25
5.27×
Q4 24
13.88×
Q3 24
4.51×
Q2 24
1.30×
-546.06×
Q1 24
6.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESBA
ESBA

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

HFFG
HFFG

Seafood$110.2M36%
Meat And Poultry$62.7M20%
Asian Specialty$55.3M18%
Commodity Product$35.1M11%
Fresh Produce$29.9M10%
Packaging And Other$14.7M5%

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