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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

Empire State Realty Trust, Inc. is the larger business by last-quarter revenue ($199.2M vs $151.1M, roughly 1.3× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs 0.8%). Empire State Realty Trust, Inc. produced more free cash flow last quarter ($50.6M vs $12.3M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% CAGR vs 4.9%).

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.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

ESRT vs RGR — Head-to-Head

Bigger by revenue
ESRT
ESRT
1.3× larger
ESRT
$199.2M
$151.1M
RGR
Growing faster (revenue YoY)
RGR
RGR
+2.8% gap
RGR
3.6%
0.8%
ESRT
More free cash flow
ESRT
ESRT
$38.2M more FCF
ESRT
$50.6M
$12.3M
RGR
Faster 2-yr revenue CAGR
RGR
RGR
Annualised
RGR
5.1%
4.9%
ESRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESRT
ESRT
RGR
RGR
Revenue
$199.2M
$151.1M
Net Profit
$32.2M
Gross Margin
17.8%
Operating Margin
17.8%
2.3%
Net Margin
16.1%
Revenue YoY
0.8%
3.6%
Net Profit YoY
71.2%
EPS (diluted)
$0.11
$0.22

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
RGR
RGR
Q4 25
$199.2M
$151.1M
Q3 25
$197.7M
$126.8M
Q2 25
$191.3M
$132.5M
Q1 25
$180.1M
$135.7M
Q4 24
$197.6M
$145.8M
Q3 24
$199.6M
$122.3M
Q2 24
$189.5M
$130.8M
Q1 24
$181.2M
$136.8M
Net Profit
ESRT
ESRT
RGR
RGR
Q4 25
$32.2M
Q3 25
$13.6M
$1.6M
Q2 25
$11.4M
$-17.2M
Q1 25
$15.8M
$7.8M
Q4 24
$18.8M
Q3 24
$22.8M
$4.7M
Q2 24
$28.6M
$8.3M
Q1 24
$10.2M
$7.1M
Gross Margin
ESRT
ESRT
RGR
RGR
Q4 25
17.8%
Q3 25
15.1%
Q2 25
3.9%
Q1 25
22.0%
Q4 24
22.8%
Q3 24
18.5%
Q2 24
22.3%
Q1 24
21.5%
Operating Margin
ESRT
ESRT
RGR
RGR
Q4 25
17.8%
2.3%
Q3 25
19.9%
-2.7%
Q2 25
18.4%
-15.6%
Q1 25
14.3%
6.2%
Q4 24
21.7%
7.8%
Q3 24
22.7%
3.1%
Q2 24
20.8%
6.9%
Q1 24
17.1%
5.5%
Net Margin
ESRT
ESRT
RGR
RGR
Q4 25
16.1%
Q3 25
6.9%
1.2%
Q2 25
6.0%
-13.0%
Q1 25
8.8%
5.7%
Q4 24
9.5%
Q3 24
11.4%
3.9%
Q2 24
15.1%
6.3%
Q1 24
5.6%
5.2%
EPS (diluted)
ESRT
ESRT
RGR
RGR
Q4 25
$0.11
$0.22
Q3 25
$0.05
$0.10
Q2 25
$0.04
$-1.05
Q1 25
$0.05
$0.46
Q4 24
$0.07
$0.62
Q3 24
$0.08
$0.28
Q2 24
$0.10
$0.47
Q1 24
$0.03
$0.40

Balance Sheet & Financial Strength

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

Metric
ESRT
ESRT
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$132.7M
$92.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$283.8M
Total Assets
$4.5B
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESRT
ESRT
RGR
RGR
Q4 25
$132.7M
$92.5M
Q3 25
$154.1M
$80.8M
Q2 25
$94.6M
$101.4M
Q1 25
$187.8M
$108.3M
Q4 24
$385.5M
$105.5M
Q3 24
$421.9M
$96.0M
Q2 24
$535.5M
$105.6M
Q1 24
$333.6M
$115.3M
Stockholders' Equity
ESRT
ESRT
RGR
RGR
Q4 25
$1.1B
$283.8M
Q3 25
$1.0B
$279.6M
Q2 25
$1.0B
$289.3M
Q1 25
$1.0B
$321.5M
Q4 24
$1.0B
$319.6M
Q3 24
$1.0B
$314.9M
Q2 24
$1.0B
$321.5M
Q1 24
$996.1M
$332.0M
Total Assets
ESRT
ESRT
RGR
RGR
Q4 25
$4.5B
$342.0M
Q3 25
$4.1B
$342.3M
Q2 25
$4.1B
$349.5M
Q1 25
$4.1B
$379.0M
Q4 24
$4.5B
$384.0M
Q3 24
$4.4B
$373.5M
Q2 24
$4.4B
$376.7M
Q1 24
$4.2B
$385.0M

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
RGR
RGR
Operating Cash FlowLast quarter
$249.1M
$15.5M
Free Cash FlowOCF − Capex
$50.6M
$12.3M
FCF MarginFCF / Revenue
25.4%
8.2%
Capex IntensityCapex / Revenue
99.6%
2.1%
Cash ConversionOCF / Net Profit
7.74×
TTM Free Cash FlowTrailing 4 quarters
$109.3M
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESRT
ESRT
RGR
RGR
Q4 25
$249.1M
$15.5M
Q3 25
$105.3M
$12.9M
Q2 25
$26.7M
$14.7M
Q1 25
$83.1M
$11.1M
Q4 24
$260.9M
$20.0M
Q3 24
$102.8M
$9.4M
Q2 24
$37.1M
$18.7M
Q1 24
$70.9M
$7.3M
Free Cash Flow
ESRT
ESRT
RGR
RGR
Q4 25
$50.6M
$12.3M
Q3 25
$72.8M
$7.0M
Q2 25
$-55.1M
$9.1M
Q1 25
$41.1M
$10.0M
Q4 24
$88.0M
$16.4M
Q3 24
$-65.1M
$2.6M
Q2 24
$19.5M
$10.1M
Q1 24
$23.2M
$5.6M
FCF Margin
ESRT
ESRT
RGR
RGR
Q4 25
25.4%
8.2%
Q3 25
36.8%
5.5%
Q2 25
-28.8%
6.9%
Q1 25
22.8%
7.4%
Q4 24
44.5%
11.2%
Q3 24
-32.6%
2.1%
Q2 24
10.3%
7.7%
Q1 24
12.8%
4.1%
Capex Intensity
ESRT
ESRT
RGR
RGR
Q4 25
99.6%
2.1%
Q3 25
16.5%
4.6%
Q2 25
42.8%
4.2%
Q1 25
23.4%
0.8%
Q4 24
87.5%
2.5%
Q3 24
84.1%
5.5%
Q2 24
9.3%
6.6%
Q1 24
26.3%
1.3%
Cash Conversion
ESRT
ESRT
RGR
RGR
Q4 25
7.74×
Q3 25
7.72×
8.15×
Q2 25
2.35×
Q1 25
5.27×
1.43×
Q4 24
13.88×
Q3 24
4.51×
1.98×
Q2 24
1.30×
2.27×
Q1 24
6.94×
1.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESRT
ESRT

Real Estate Segment$163.8M82%
Observatory Segment$35.2M18%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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