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Side-by-side financial comparison of Empire State Realty OP, L.P. (ESBA) and ZK International Group Co., Ltd. (ZKIN). 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 $108.2M, roughly 1.8× ZK International Group Co., Ltd.). Empire State Realty OP, L.P. runs the higher net margin — 16.1% vs -2.6%, a 18.7% gap on every dollar of revenue. Empire State Realty OP, L.P. produced more free cash flow last quarter ($50.6M vs $-7.5M).

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.

ZK International Group Co., Ltd. is a China-based enterprise focused on the research, development, design, manufacturing and sale of high-quality stainless steel piping systems and fluid transport supporting products. Its offerings cater to construction, municipal infrastructure and residential engineering segments, with core markets spanning China and selected overseas regions.

ESBA vs ZKIN — Head-to-Head

Bigger by revenue
ESBA
ESBA
1.8× larger
ESBA
$199.2M
$108.2M
ZKIN
Higher net margin
ESBA
ESBA
18.7% more per $
ESBA
16.1%
-2.6%
ZKIN
More free cash flow
ESBA
ESBA
$58.0M more FCF
ESBA
$50.6M
$-7.5M
ZKIN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ESBA
ESBA
ZKIN
ZKIN
Revenue
$199.2M
$108.2M
Net Profit
$32.2M
$-2.8M
Gross Margin
6.1%
Operating Margin
17.8%
-1.6%
Net Margin
16.1%
-2.6%
Revenue YoY
0.8%
Net Profit YoY
71.2%
EPS (diluted)
$0.11
$-0.57

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
ZKIN
ZKIN
Q4 25
$199.2M
Q3 25
$197.7M
Q2 25
$191.3M
Q1 25
$180.1M
Q4 24
$197.6M
Q3 24
$199.6M
$108.2M
Q2 24
$189.5M
Q1 24
$181.2M
Net Profit
ESBA
ESBA
ZKIN
ZKIN
Q4 25
$32.2M
Q3 25
$13.6M
Q2 25
$11.4M
Q1 25
$15.8M
Q4 24
$18.8M
Q3 24
$22.8M
$-2.8M
Q2 24
$28.6M
Q1 24
$10.2M
Gross Margin
ESBA
ESBA
ZKIN
ZKIN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.1%
Q2 24
Q1 24
Operating Margin
ESBA
ESBA
ZKIN
ZKIN
Q4 25
17.8%
Q3 25
19.9%
Q2 25
18.4%
Q1 25
14.3%
Q4 24
21.7%
Q3 24
22.7%
-1.6%
Q2 24
20.8%
Q1 24
17.1%
Net Margin
ESBA
ESBA
ZKIN
ZKIN
Q4 25
16.1%
Q3 25
6.9%
Q2 25
6.0%
Q1 25
8.8%
Q4 24
9.5%
Q3 24
11.4%
-2.6%
Q2 24
15.1%
Q1 24
5.6%
EPS (diluted)
ESBA
ESBA
ZKIN
ZKIN
Q4 25
$0.11
Q3 25
$0.05
Q2 25
$0.04
Q1 25
$0.05
Q4 24
$0.07
Q3 24
$0.08
$-0.57
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
ZKIN
ZKIN
Cash + ST InvestmentsLiquidity on hand
$132.7M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.2M
Total Assets
$4.5B
$80.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESBA
ESBA
ZKIN
ZKIN
Q4 25
$132.7M
Q3 25
$154.1M
Q2 25
$94.6M
Q1 25
$187.8M
Q4 24
$385.5M
Q3 24
$421.9M
$4.1M
Q2 24
$535.5M
Q1 24
$333.6M
Stockholders' Equity
ESBA
ESBA
ZKIN
ZKIN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$28.2M
Q2 24
Q1 24
Total Assets
ESBA
ESBA
ZKIN
ZKIN
Q4 25
$4.5B
Q3 25
$4.1B
Q2 25
$4.1B
Q1 25
$4.1B
Q4 24
$4.5B
Q3 24
$4.4B
$80.0M
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
ZKIN
ZKIN
Operating Cash FlowLast quarter
$249.1M
$-6.9M
Free Cash FlowOCF − Capex
$50.6M
$-7.5M
FCF MarginFCF / Revenue
25.4%
-6.9%
Capex IntensityCapex / Revenue
99.6%
0.6%
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
ZKIN
ZKIN
Q4 25
$249.1M
Q3 25
$105.3M
Q2 25
$26.7M
Q1 25
$83.1M
Q4 24
$260.9M
Q3 24
$102.8M
$-6.9M
Q2 24
$37.1M
Q1 24
$70.9M
Free Cash Flow
ESBA
ESBA
ZKIN
ZKIN
Q4 25
$50.6M
Q3 25
$72.8M
Q2 25
$-55.1M
Q1 25
$41.1M
Q4 24
$88.0M
Q3 24
$-65.1M
$-7.5M
Q2 24
$19.5M
Q1 24
$23.2M
FCF Margin
ESBA
ESBA
ZKIN
ZKIN
Q4 25
25.4%
Q3 25
36.8%
Q2 25
-28.8%
Q1 25
22.8%
Q4 24
44.5%
Q3 24
-32.6%
-6.9%
Q2 24
10.3%
Q1 24
12.8%
Capex Intensity
ESBA
ESBA
ZKIN
ZKIN
Q4 25
99.6%
Q3 25
16.5%
Q2 25
42.8%
Q1 25
23.4%
Q4 24
87.5%
Q3 24
84.1%
0.6%
Q2 24
9.3%
Q1 24
26.3%
Cash Conversion
ESBA
ESBA
ZKIN
ZKIN
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%

ZKIN
ZKIN

Segment breakdown not available.

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