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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $190.3M, roughly 1.1× Empire State Realty Trust, Inc.). Orion Group Holdings Inc runs the higher net margin — 2.2% vs 1.6%, a 0.6% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 5.7%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% CAGR vs 0.2%).

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.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

ESRT vs ORN — Head-to-Head

Bigger by revenue
ORN
ORN
1.1× larger
ORN
$216.3M
$190.3M
ESRT
Growing faster (revenue YoY)
ORN
ORN
+8.9% gap
ORN
14.6%
5.7%
ESRT
Higher net margin
ORN
ORN
0.6% more per $
ORN
2.2%
1.6%
ESRT
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
0.2%
ESRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ESRT
ESRT
ORN
ORN
Revenue
$190.3M
$216.3M
Net Profit
$3.0M
$4.7M
Gross Margin
12.0%
Operating Margin
15.5%
Net Margin
1.6%
2.2%
Revenue YoY
5.7%
14.6%
Net Profit YoY
-73.7%
435.7%
EPS (diluted)
$0.20
$0.12

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
ESRT
ESRT
ORN
ORN
Q1 26
$190.3M
$216.3M
Q4 25
$199.2M
$233.2M
Q3 25
$197.7M
$225.1M
Q2 25
$191.3M
$205.3M
Q1 25
$180.1M
$188.7M
Q4 24
$197.6M
$216.9M
Q3 24
$199.6M
$226.7M
Q2 24
$189.5M
$192.2M
Net Profit
ESRT
ESRT
ORN
ORN
Q1 26
$3.0M
$4.7M
Q4 25
$32.2M
$-240.0K
Q3 25
$13.6M
$3.3M
Q2 25
$11.4M
$841.0K
Q1 25
$15.8M
$-1.4M
Q4 24
$18.8M
$6.8M
Q3 24
$22.8M
$4.3M
Q2 24
$28.6M
$-6.6M
Gross Margin
ESRT
ESRT
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
ESRT
ESRT
ORN
ORN
Q1 26
15.5%
Q4 25
17.8%
2.2%
Q3 25
19.9%
2.4%
Q2 25
18.4%
1.7%
Q1 25
14.3%
0.4%
Q4 24
21.7%
4.4%
Q3 24
22.7%
3.4%
Q2 24
20.8%
-1.4%
Net Margin
ESRT
ESRT
ORN
ORN
Q1 26
1.6%
2.2%
Q4 25
16.1%
-0.1%
Q3 25
6.9%
1.5%
Q2 25
6.0%
0.4%
Q1 25
8.8%
-0.7%
Q4 24
9.5%
3.1%
Q3 24
11.4%
1.9%
Q2 24
15.1%
-3.4%
EPS (diluted)
ESRT
ESRT
ORN
ORN
Q1 26
$0.20
$0.12
Q4 25
$0.11
$-0.00
Q3 25
$0.05
$0.08
Q2 25
$0.04
$0.02
Q1 25
$0.05
$-0.04
Q4 24
$0.07
$0.22
Q3 24
$0.08
$0.12
Q2 24
$0.10
$-0.20

Balance Sheet & Financial Strength

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

Metric
ESRT
ESRT
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$68.8M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$166.7M
Total Assets
$4.4B
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESRT
ESRT
ORN
ORN
Q1 26
$68.8M
$6.3M
Q4 25
$132.7M
$1.6M
Q3 25
$154.1M
$4.9M
Q2 25
$94.6M
$1.7M
Q1 25
$187.8M
$13.0M
Q4 24
$385.5M
$28.3M
Q3 24
$421.9M
$28.3M
Q2 24
$535.5M
$4.8M
Total Debt
ESRT
ESRT
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
ESRT
ESRT
ORN
ORN
Q1 26
$1.8B
$166.7M
Q4 25
$1.1B
$159.0M
Q3 25
$1.0B
$157.9M
Q2 25
$1.0B
$153.2M
Q1 25
$1.0B
$150.8M
Q4 24
$1.0B
$150.7M
Q3 24
$1.0B
$142.4M
Q2 24
$1.0B
$111.1M
Total Assets
ESRT
ESRT
ORN
ORN
Q1 26
$4.4B
$478.7M
Q4 25
$4.5B
$414.7M
Q3 25
$4.1B
$422.4M
Q2 25
$4.1B
$432.7M
Q1 25
$4.1B
$416.3M
Q4 24
$4.5B
$417.3M
Q3 24
$4.4B
$430.3M
Q2 24
$4.4B
$414.0M
Debt / Equity
ESRT
ESRT
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESRT
ESRT

Rental revenue (1)$166.1M87%
Observatory revenue$18.5M10%
Other revenue and fees$4.1M2%
Lease termination fees$1.4M1%
Third-party management and other fees$277.0K0%

ORN
ORN

Segment breakdown not available.

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