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

Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $199.2M, roughly 1.2× Empire State Realty OP, L.P.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -59.8%, a 76.0% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 0.8%). Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $-108.8M). Over the past eight quarters, Empire State Realty OP, L.P.'s revenue compounded faster (4.9% CAGR vs -49.5%).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

ESBA vs VRM — Head-to-Head

Bigger by revenue
VRM
VRM
1.2× larger
VRM
$235.9M
$199.2M
ESBA
Growing faster (revenue YoY)
VRM
VRM
+12.1% gap
VRM
12.9%
0.8%
ESBA
Higher net margin
ESBA
ESBA
76.0% more per $
ESBA
16.1%
-59.8%
VRM
More free cash flow
ESBA
ESBA
$159.3M more FCF
ESBA
$50.6M
$-108.8M
VRM
Faster 2-yr revenue CAGR
ESBA
ESBA
Annualised
ESBA
4.9%
-49.5%
VRM

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
ESBA
ESBA
VRM
VRM
Revenue
$199.2M
$235.9M
Net Profit
$32.2M
$-141.1M
Gross Margin
12.3%
Operating Margin
17.8%
-11.5%
Net Margin
16.1%
-59.8%
Revenue YoY
0.8%
12.9%
Net Profit YoY
71.2%
-669.8%
EPS (diluted)
$0.11
$-80.66

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
VRM
VRM
Q4 25
$199.2M
Q3 25
$197.7M
Q2 25
$191.3M
Q1 25
$180.1M
Q4 24
$197.6M
Q3 24
$199.6M
Q2 24
$189.5M
Q1 24
$181.2M
Net Profit
ESBA
ESBA
VRM
VRM
Q4 25
$32.2M
Q3 25
$13.6M
Q2 25
$11.4M
Q1 25
$15.8M
Q4 24
$18.8M
Q3 24
$22.8M
Q2 24
$28.6M
Q1 24
$10.2M
Operating Margin
ESBA
ESBA
VRM
VRM
Q4 25
17.8%
Q3 25
19.9%
Q2 25
18.4%
Q1 25
14.3%
Q4 24
21.7%
Q3 24
22.7%
Q2 24
20.8%
Q1 24
17.1%
Net Margin
ESBA
ESBA
VRM
VRM
Q4 25
16.1%
Q3 25
6.9%
Q2 25
6.0%
Q1 25
8.8%
Q4 24
9.5%
Q3 24
11.4%
Q2 24
15.1%
Q1 24
5.6%
EPS (diluted)
ESBA
ESBA
VRM
VRM
Q4 25
$0.11
Q3 25
$0.05
Q2 25
$0.04
Q1 25
$0.05
Q4 24
$0.07
Q3 24
$0.08
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
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$132.7M
$135.6M
Total DebtLower is stronger
$454.2M
Stockholders' EquityBook value
$127.7M
Total Assets
$4.5B
$1.5B
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESBA
ESBA
VRM
VRM
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 Assets
ESBA
ESBA
VRM
VRM
Q4 25
$4.5B
Q3 25
$4.1B
Q2 25
$4.1B
Q1 25
$4.1B
Q4 24
$4.5B
Q3 24
$4.4B
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
VRM
VRM
Operating Cash FlowLast quarter
$249.1M
$-108.1M
Free Cash FlowOCF − Capex
$50.6M
$-108.8M
FCF MarginFCF / Revenue
25.4%
-46.1%
Capex IntensityCapex / Revenue
99.6%
0.3%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$109.3M
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESBA
ESBA
VRM
VRM
Q4 25
$249.1M
Q3 25
$105.3M
Q2 25
$26.7M
Q1 25
$83.1M
Q4 24
$260.9M
Q3 24
$102.8M
Q2 24
$37.1M
Q1 24
$70.9M
Free Cash Flow
ESBA
ESBA
VRM
VRM
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
Q1 24
$23.2M
FCF Margin
ESBA
ESBA
VRM
VRM
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%
Q1 24
12.8%
Capex Intensity
ESBA
ESBA
VRM
VRM
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%
Q1 24
26.3%
Cash Conversion
ESBA
ESBA
VRM
VRM
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%

VRM
VRM

Segment breakdown not available.

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