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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and Summit Hotel Properties, Inc. (INN). Click either name above to swap in a different company.
Empire State Realty Trust, Inc. is the larger business by last-quarter revenue ($190.3M vs $185.1M, roughly 1.0× Summit Hotel Properties, Inc.). Empire State Realty Trust, Inc. runs the higher net margin — 1.6% vs -5.6%, a 7.2% gap on every dollar of revenue. On growth, Empire State Realty Trust, Inc. posted the faster year-over-year revenue change (5.7% vs 0.3%). Over the past eight quarters, Empire State Realty Trust, Inc.'s revenue compounded faster (0.2% CAGR vs -2.3%).
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.
The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.
ESRT vs INN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $190.3M | $185.1M |
| Net Profit | $3.0M | $-10.4M |
| Gross Margin | — | — |
| Operating Margin | 15.5% | 7.6% |
| Net Margin | 1.6% | -5.6% |
| Revenue YoY | 5.7% | 0.3% |
| Net Profit YoY | -73.7% | -122.9% |
| EPS (diluted) | $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.
| Q1 26 | $190.3M | $185.1M | ||
| Q4 25 | $199.2M | $175.0M | ||
| Q3 25 | $197.7M | $177.1M | ||
| Q2 25 | $191.3M | $192.9M | ||
| Q1 25 | $180.1M | $184.5M | ||
| Q4 24 | $197.6M | $172.9M | ||
| Q3 24 | $199.6M | $176.8M | ||
| Q2 24 | $189.5M | $193.9M |
| Q1 26 | $3.0M | $-10.4M | ||
| Q4 25 | $32.2M | $-2.6M | ||
| Q3 25 | $13.6M | $-11.8M | ||
| Q2 25 | $11.4M | $2.0M | ||
| Q1 25 | $15.8M | $623.0K | ||
| Q4 24 | $18.8M | $916.0K | ||
| Q3 24 | $22.8M | $-3.6M | ||
| Q2 24 | $28.6M | $38.7M |
| Q1 26 | 15.5% | 7.6% | ||
| Q4 25 | 17.8% | 8.3% | ||
| Q3 25 | 19.9% | 4.8% | ||
| Q2 25 | 18.4% | 11.8% | ||
| Q1 25 | 14.3% | 10.7% | ||
| Q4 24 | 21.7% | 4.6% | ||
| Q3 24 | 22.7% | 8.9% | ||
| Q2 24 | 20.8% | 29.0% |
| Q1 26 | 1.6% | -5.6% | ||
| Q4 25 | 16.1% | -1.5% | ||
| Q3 25 | 6.9% | -6.6% | ||
| Q2 25 | 6.0% | 1.1% | ||
| Q1 25 | 8.8% | 0.3% | ||
| Q4 24 | 9.5% | 0.5% | ||
| Q3 24 | 11.4% | -2.0% | ||
| Q2 24 | 15.1% | 20.0% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.11 | $-0.05 | ||
| Q3 25 | $0.05 | $-0.11 | ||
| Q2 25 | $0.04 | $-0.02 | ||
| Q1 25 | $0.05 | $-0.04 | ||
| Q4 24 | $0.07 | $0.05 | ||
| Q3 24 | $0.08 | $-0.04 | ||
| Q2 24 | $0.10 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $68.8M | $44.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $840.4M |
| Total Assets | $4.4B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $68.8M | $44.8M | ||
| Q4 25 | $132.7M | $36.1M | ||
| Q3 25 | $154.1M | $41.1M | ||
| Q2 25 | $94.6M | $39.5M | ||
| Q1 25 | $187.8M | $48.2M | ||
| Q4 24 | $385.5M | $40.6M | ||
| Q3 24 | $421.9M | $51.7M | ||
| Q2 24 | $535.5M | $45.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | $1.8B | $840.4M | ||
| Q4 25 | $1.1B | $862.2M | ||
| Q3 25 | $1.0B | $875.8M | ||
| Q2 25 | $1.0B | $895.1M | ||
| Q1 25 | $1.0B | $920.4M | ||
| Q4 24 | $1.0B | $909.5M | ||
| Q3 24 | $1.0B | $911.4M | ||
| Q2 24 | $1.0B | $931.9M |
| Q1 26 | $4.4B | $2.8B | ||
| Q4 25 | $4.5B | $2.8B | ||
| Q3 25 | $4.1B | $2.8B | ||
| Q2 25 | $4.1B | $2.9B | ||
| Q1 25 | $4.1B | $2.9B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.4B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.59× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 1.47× | ||
| Q2 24 | — | 1.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESRT
| Rental revenue (1) | $166.1M | 87% |
| Observatory revenue | $18.5M | 10% |
| Other revenue and fees | $4.1M | 2% |
| Lease termination fees | $1.4M | 1% |
| Third-party management and other fees | $277.0K | 0% |
INN
| Pro forma room revenue | $162.1M | 88% |
| Pro forma other hotel operations revenue | $22.4M | 12% |
