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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $190.3M, roughly 1.3× Empire State Realty Trust, Inc.). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs 1.6%, a 14.9% gap on every dollar of revenue. On growth, Empire State Realty Trust, Inc. posted the faster year-over-year revenue change (5.7% vs 4.0%). Over the past eight quarters, Empire State Realty Trust, Inc.'s revenue compounded faster (0.2% CAGR vs -0.8%).

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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

ESRT vs POWL — Head-to-Head

Bigger by revenue
POWL
POWL
1.3× larger
POWL
$251.2M
$190.3M
ESRT
Growing faster (revenue YoY)
ESRT
ESRT
+1.7% gap
ESRT
5.7%
4.0%
POWL
Higher net margin
POWL
POWL
14.9% more per $
POWL
16.5%
1.6%
ESRT
Faster 2-yr revenue CAGR
ESRT
ESRT
Annualised
ESRT
0.2%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ESRT
ESRT
POWL
POWL
Revenue
$190.3M
$251.2M
Net Profit
$3.0M
$41.4M
Gross Margin
28.4%
Operating Margin
15.5%
17.0%
Net Margin
1.6%
16.5%
Revenue YoY
5.7%
4.0%
Net Profit YoY
-73.7%
19.1%
EPS (diluted)
$0.20
$3.40

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
POWL
POWL
Q1 26
$190.3M
Q4 25
$199.2M
$251.2M
Q3 25
$197.7M
$298.0M
Q2 25
$191.3M
$286.3M
Q1 25
$180.1M
$278.6M
Q4 24
$197.6M
$241.4M
Q3 24
$199.6M
$275.1M
Q2 24
$189.5M
$288.2M
Net Profit
ESRT
ESRT
POWL
POWL
Q1 26
$3.0M
Q4 25
$32.2M
$41.4M
Q3 25
$13.6M
$51.4M
Q2 25
$11.4M
$48.2M
Q1 25
$15.8M
$46.3M
Q4 24
$18.8M
$34.8M
Q3 24
$22.8M
$46.1M
Q2 24
$28.6M
$46.2M
Gross Margin
ESRT
ESRT
POWL
POWL
Q1 26
Q4 25
28.4%
Q3 25
31.4%
Q2 25
30.7%
Q1 25
29.9%
Q4 24
24.7%
Q3 24
29.2%
Q2 24
28.4%
Operating Margin
ESRT
ESRT
POWL
POWL
Q1 26
15.5%
Q4 25
17.8%
17.0%
Q3 25
19.9%
21.2%
Q2 25
18.4%
21.0%
Q1 25
14.3%
21.1%
Q4 24
21.7%
14.7%
Q3 24
22.7%
20.4%
Q2 24
20.8%
19.9%
Net Margin
ESRT
ESRT
POWL
POWL
Q1 26
1.6%
Q4 25
16.1%
16.5%
Q3 25
6.9%
17.3%
Q2 25
6.0%
16.8%
Q1 25
8.8%
16.6%
Q4 24
9.5%
14.4%
Q3 24
11.4%
16.7%
Q2 24
15.1%
16.0%
EPS (diluted)
ESRT
ESRT
POWL
POWL
Q1 26
$0.20
Q4 25
$0.11
$3.40
Q3 25
$0.05
$4.23
Q2 25
$0.04
$3.96
Q1 25
$0.05
$3.81
Q4 24
$0.07
$2.86
Q3 24
$0.08
$3.77
Q2 24
$0.10
$3.79

Balance Sheet & Financial Strength

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

Metric
ESRT
ESRT
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$68.8M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$668.9M
Total Assets
$4.4B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESRT
ESRT
POWL
POWL
Q1 26
$68.8M
Q4 25
$132.7M
$500.8M
Q3 25
$154.1M
$475.5M
Q2 25
$94.6M
$433.0M
Q1 25
$187.8M
$389.3M
Q4 24
$385.5M
$373.4M
Q3 24
$421.9M
$358.4M
Q2 24
$535.5M
$374.0M
Stockholders' Equity
ESRT
ESRT
POWL
POWL
Q1 26
$1.8B
Q4 25
$1.1B
$668.9M
Q3 25
$1.0B
$640.8M
Q2 25
$1.0B
$594.9M
Q1 25
$1.0B
$541.4M
Q4 24
$1.0B
$496.3M
Q3 24
$1.0B
$483.1M
Q2 24
$1.0B
$436.7M
Total Assets
ESRT
ESRT
POWL
POWL
Q1 26
$4.4B
Q4 25
$4.5B
$1.1B
Q3 25
$4.1B
$1.1B
Q2 25
$4.1B
$1.0B
Q1 25
$4.1B
$965.4M
Q4 24
$4.5B
$912.7M
Q3 24
$4.4B
$928.2M
Q2 24
$4.4B
$869.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESRT
ESRT
POWL
POWL
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$41.6M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
10.0%
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESRT
ESRT
POWL
POWL
Q1 26
Q4 25
$249.1M
$43.6M
Q3 25
$105.3M
$61.1M
Q2 25
$26.7M
$47.4M
Q1 25
$83.1M
$22.4M
Q4 24
$260.9M
$37.1M
Q3 24
$102.8M
$-6.0M
Q2 24
$37.1M
$13.8M
Free Cash Flow
ESRT
ESRT
POWL
POWL
Q1 26
Q4 25
$50.6M
$41.6M
Q3 25
$72.8M
$59.3M
Q2 25
$-55.1M
$42.3M
Q1 25
$41.1M
$18.3M
Q4 24
$88.0M
$34.9M
Q3 24
$-65.1M
$-14.4M
Q2 24
$19.5M
$12.4M
FCF Margin
ESRT
ESRT
POWL
POWL
Q1 26
Q4 25
25.4%
16.6%
Q3 25
36.8%
19.9%
Q2 25
-28.8%
14.8%
Q1 25
22.8%
6.6%
Q4 24
44.5%
14.4%
Q3 24
-32.6%
-5.3%
Q2 24
10.3%
4.3%
Capex Intensity
ESRT
ESRT
POWL
POWL
Q1 26
10.0%
Q4 25
99.6%
0.8%
Q3 25
16.5%
0.6%
Q2 25
42.8%
1.8%
Q1 25
23.4%
1.5%
Q4 24
87.5%
0.9%
Q3 24
84.1%
3.1%
Q2 24
9.3%
0.5%
Cash Conversion
ESRT
ESRT
POWL
POWL
Q1 26
Q4 25
7.74×
1.05×
Q3 25
7.72×
1.19×
Q2 25
2.35×
0.98×
Q1 25
5.27×
0.48×
Q4 24
13.88×
1.07×
Q3 24
4.51×
-0.13×
Q2 24
1.30×
0.30×

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%

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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