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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and QUHUO Ltd (QH). 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 $157.9M, roughly 1.2× QUHUO Ltd).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

ESRT vs QH — Head-to-Head

Bigger by revenue
ESRT
ESRT
1.2× larger
ESRT
$190.3M
$157.9M
QH

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
ESRT
ESRT
QH
QH
Revenue
$190.3M
$157.9M
Net Profit
$3.0M
Gross Margin
Operating Margin
15.5%
Net Margin
1.6%
Revenue YoY
5.7%
Net Profit YoY
-73.7%
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.

Revenue
ESRT
ESRT
QH
QH
Q1 26
$190.3M
Q4 25
$199.2M
Q3 25
$197.7M
Q2 25
$191.3M
$157.9M
Q1 25
$180.1M
Q4 24
$197.6M
Q3 24
$199.6M
Q2 24
$189.5M
$222.9M
Net Profit
ESRT
ESRT
QH
QH
Q1 26
$3.0M
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
$-6.4M
Gross Margin
ESRT
ESRT
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.5%
Operating Margin
ESRT
ESRT
QH
QH
Q1 26
15.5%
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%
-2.7%
Net Margin
ESRT
ESRT
QH
QH
Q1 26
1.6%
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%
-2.9%
EPS (diluted)
ESRT
ESRT
QH
QH
Q1 26
$0.20
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

Balance Sheet & Financial Strength

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

Metric
ESRT
ESRT
QH
QH
Cash + ST InvestmentsLiquidity on hand
$68.8M
$4.3M
Total DebtLower is stronger
$858.0K
Stockholders' EquityBook value
$1.8B
$57.4M
Total Assets
$4.4B
$118.4M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESRT
ESRT
QH
QH
Q1 26
$68.8M
Q4 25
$132.7M
Q3 25
$154.1M
Q2 25
$94.6M
$4.3M
Q1 25
$187.8M
Q4 24
$385.5M
Q3 24
$421.9M
Q2 24
$535.5M
$14.3M
Total Debt
ESRT
ESRT
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
$858.0K
Q1 25
Q4 24
Q3 24
Q2 24
$1.2M
Stockholders' Equity
ESRT
ESRT
QH
QH
Q1 26
$1.8B
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$1.0B
$57.4M
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
$64.6M
Total Assets
ESRT
ESRT
QH
QH
Q1 26
$4.4B
Q4 25
$4.5B
Q3 25
$4.1B
Q2 25
$4.1B
$118.4M
Q1 25
$4.1B
Q4 24
$4.5B
Q3 24
$4.4B
Q2 24
$4.4B
$135.0M
Debt / Equity
ESRT
ESRT
QH
QH
Q1 26
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
0.02×

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
QH
QH
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESRT
ESRT
QH
QH
Q1 26
Q4 25
$249.1M
Q3 25
$105.3M
Q2 25
$26.7M
$-5.8M
Q1 25
$83.1M
Q4 24
$260.9M
Q3 24
$102.8M
Q2 24
$37.1M
Free Cash Flow
ESRT
ESRT
QH
QH
Q1 26
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
FCF Margin
ESRT
ESRT
QH
QH
Q1 26
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%
Capex Intensity
ESRT
ESRT
QH
QH
Q1 26
10.0%
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%
Cash Conversion
ESRT
ESRT
QH
QH
Q1 26
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×

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%

QH
QH

Segment breakdown not available.

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