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Side-by-side financial comparison of Empire State Realty OP, L.P. (ESBA) and SunCar Technology Group Inc. (SDA). 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 $119.7M, roughly 1.7× SunCar Technology Group Inc.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -1.6%, a 17.7% gap on every dollar of revenue. Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $3.0K).

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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

ESBA vs SDA — Head-to-Head

Bigger by revenue
ESBA
ESBA
1.7× larger
ESBA
$199.2M
$119.7M
SDA
Higher net margin
ESBA
ESBA
17.7% more per $
ESBA
16.1%
-1.6%
SDA
More free cash flow
ESBA
ESBA
$50.6M more FCF
ESBA
$50.6M
$3.0K
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ESBA
ESBA
SDA
SDA
Revenue
$199.2M
$119.7M
Net Profit
$32.2M
$-1.9M
Gross Margin
Operating Margin
17.8%
1.5%
Net Margin
16.1%
-1.6%
Revenue YoY
0.8%
Net Profit YoY
71.2%
EPS (diluted)
$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
ESBA
ESBA
SDA
SDA
Q4 25
$199.2M
Q3 25
$197.7M
Q2 25
$191.3M
$119.7M
Q1 25
$180.1M
$102.6M
Q4 24
$197.6M
Q3 24
$199.6M
$109.6M
Q2 24
$189.5M
Q1 24
$181.2M
Net Profit
ESBA
ESBA
SDA
SDA
Q4 25
$32.2M
Q3 25
$13.6M
Q2 25
$11.4M
$-1.9M
Q1 25
$15.8M
$-3.6M
Q4 24
$18.8M
Q3 24
$22.8M
$-2.2M
Q2 24
$28.6M
Q1 24
$10.2M
Operating Margin
ESBA
ESBA
SDA
SDA
Q4 25
17.8%
Q3 25
19.9%
Q2 25
18.4%
1.5%
Q1 25
14.3%
-2.9%
Q4 24
21.7%
Q3 24
22.7%
0.2%
Q2 24
20.8%
Q1 24
17.1%
Net Margin
ESBA
ESBA
SDA
SDA
Q4 25
16.1%
Q3 25
6.9%
Q2 25
6.0%
-1.6%
Q1 25
8.8%
-3.6%
Q4 24
9.5%
Q3 24
11.4%
-2.0%
Q2 24
15.1%
Q1 24
5.6%
EPS (diluted)
ESBA
ESBA
SDA
SDA
Q4 25
$0.11
Q3 25
$0.05
Q2 25
$0.04
Q1 25
$0.05
$-0.03
Q4 24
$0.07
Q3 24
$0.08
$-0.01
Q2 24
$0.10
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
ESBA
ESBA
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$132.7M
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.4M
Total Assets
$4.5B
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESBA
ESBA
SDA
SDA
Q4 25
$132.7M
Q3 25
$154.1M
Q2 25
$94.6M
$45.7M
Q1 25
$187.8M
$60.5M
Q4 24
$385.5M
Q3 24
$421.9M
$42.0M
Q2 24
$535.5M
Q1 24
$333.6M
Stockholders' Equity
ESBA
ESBA
SDA
SDA
Q4 25
Q3 25
Q2 25
$29.4M
Q1 25
$34.8M
Q4 24
Q3 24
$17.7M
Q2 24
Q1 24
Total Assets
ESBA
ESBA
SDA
SDA
Q4 25
$4.5B
Q3 25
$4.1B
Q2 25
$4.1B
$277.5M
Q1 25
$4.1B
$276.7M
Q4 24
$4.5B
Q3 24
$4.4B
$252.1M
Q2 24
$4.4B
Q1 24
$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
ESBA
ESBA
SDA
SDA
Operating Cash FlowLast quarter
$249.1M
$9.0K
Free Cash FlowOCF − Capex
$50.6M
$3.0K
FCF MarginFCF / Revenue
25.4%
0.0%
Capex IntensityCapex / Revenue
99.6%
0.0%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$109.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESBA
ESBA
SDA
SDA
Q4 25
$249.1M
Q3 25
$105.3M
Q2 25
$26.7M
$9.0K
Q1 25
$83.1M
$-9.3M
Q4 24
$260.9M
Q3 24
$102.8M
$3.8M
Q2 24
$37.1M
Q1 24
$70.9M
Free Cash Flow
ESBA
ESBA
SDA
SDA
Q4 25
$50.6M
Q3 25
$72.8M
Q2 25
$-55.1M
$3.0K
Q1 25
$41.1M
$-9.3M
Q4 24
$88.0M
Q3 24
$-65.1M
$3.5M
Q2 24
$19.5M
Q1 24
$23.2M
FCF Margin
ESBA
ESBA
SDA
SDA
Q4 25
25.4%
Q3 25
36.8%
Q2 25
-28.8%
0.0%
Q1 25
22.8%
-9.0%
Q4 24
44.5%
Q3 24
-32.6%
3.2%
Q2 24
10.3%
Q1 24
12.8%
Capex Intensity
ESBA
ESBA
SDA
SDA
Q4 25
99.6%
Q3 25
16.5%
Q2 25
42.8%
0.0%
Q1 25
23.4%
0.0%
Q4 24
87.5%
Q3 24
84.1%
0.3%
Q2 24
9.3%
Q1 24
26.3%
Cash Conversion
ESBA
ESBA
SDA
SDA
Q4 25
7.74×
Q3 25
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

ESBA
ESBA

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

SDA
SDA

Segment breakdown not available.

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