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

Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $190.3M, roughly 1.8× Empire State Realty Trust, Inc.). Empire State Realty Trust, Inc. runs the higher net margin — 1.6% vs 0.7%, a 0.9% gap on every dollar of revenue. On growth, Empire State Realty Trust, Inc. posted the faster year-over-year revenue change (5.7% vs -3.1%). Over the past eight quarters, Empire State Realty Trust, Inc.'s revenue compounded faster (0.2% CAGR vs -1.5%).

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.

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

ESRT vs UTZ — Head-to-Head

Bigger by revenue
UTZ
UTZ
1.8× larger
UTZ
$341.0M
$190.3M
ESRT
Growing faster (revenue YoY)
ESRT
ESRT
+8.8% gap
ESRT
5.7%
-3.1%
UTZ
Higher net margin
ESRT
ESRT
0.9% more per $
ESRT
1.6%
0.7%
UTZ
Faster 2-yr revenue CAGR
ESRT
ESRT
Annualised
ESRT
0.2%
-1.5%
UTZ

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
ESRT
ESRT
UTZ
UTZ
Revenue
$190.3M
$341.0M
Net Profit
$3.0M
$2.3M
Gross Margin
25.5%
Operating Margin
15.5%
2.1%
Net Margin
1.6%
0.7%
Revenue YoY
5.7%
-3.1%
Net Profit YoY
-73.7%
108.3%
EPS (diluted)
$0.20
$0.04

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
UTZ
UTZ
Q1 26
$190.3M
Q4 25
$199.2M
Q3 25
$197.7M
Q2 25
$191.3M
Q1 25
$180.1M
Q4 24
$197.6M
$341.0M
Q3 24
$199.6M
$365.5M
Q2 24
$189.5M
$356.2M
Net Profit
ESRT
ESRT
UTZ
UTZ
Q1 26
$3.0M
Q4 25
$32.2M
Q3 25
$13.6M
Q2 25
$11.4M
Q1 25
$15.8M
Q4 24
$18.8M
$2.3M
Q3 24
$22.8M
$-2.2M
Q2 24
$28.6M
$19.8M
Gross Margin
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
25.5%
Q3 24
26.9%
Q2 24
26.7%
Operating Margin
ESRT
ESRT
UTZ
UTZ
Q1 26
15.5%
Q4 25
17.8%
Q3 25
19.9%
Q2 25
18.4%
Q1 25
14.3%
Q4 24
21.7%
2.1%
Q3 24
22.7%
5.3%
Q2 24
20.8%
6.3%
Net Margin
ESRT
ESRT
UTZ
UTZ
Q1 26
1.6%
Q4 25
16.1%
Q3 25
6.9%
Q2 25
6.0%
Q1 25
8.8%
Q4 24
9.5%
0.7%
Q3 24
11.4%
-0.6%
Q2 24
15.1%
5.6%
EPS (diluted)
ESRT
ESRT
UTZ
UTZ
Q1 26
$0.20
Q4 25
$0.11
Q3 25
$0.05
Q2 25
$0.04
Q1 25
$0.05
Q4 24
$0.07
$0.04
Q3 24
$0.08
$-0.03
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
ESRT
ESRT
UTZ
UTZ
Cash + ST InvestmentsLiquidity on hand
$68.8M
$56.1M
Total DebtLower is stronger
$768.6M
Stockholders' EquityBook value
$1.8B
$696.9M
Total Assets
$4.4B
$2.7B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESRT
ESRT
UTZ
UTZ
Q1 26
$68.8M
Q4 25
$132.7M
Q3 25
$154.1M
Q2 25
$94.6M
Q1 25
$187.8M
Q4 24
$385.5M
$56.1M
Q3 24
$421.9M
$64.9M
Q2 24
$535.5M
$66.6M
Total Debt
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$768.6M
Q3 24
$780.8M
Q2 24
$797.6M
Stockholders' Equity
ESRT
ESRT
UTZ
UTZ
Q1 26
$1.8B
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
$696.9M
Q3 24
$1.0B
$685.7M
Q2 24
$1.0B
$686.0M
Total Assets
ESRT
ESRT
UTZ
UTZ
Q1 26
$4.4B
Q4 25
$4.5B
Q3 25
$4.1B
Q2 25
$4.1B
Q1 25
$4.1B
Q4 24
$4.5B
$2.7B
Q3 24
$4.4B
$2.6B
Q2 24
$4.4B
$2.7B
Debt / Equity
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.10×
Q3 24
1.14×
Q2 24
1.16×

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
UTZ
UTZ
Operating Cash FlowLast quarter
$54.2M
Free Cash FlowOCF − Capex
$16.5M
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
10.0%
11.1%
Cash ConversionOCF / Net Profit
23.67×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
$249.1M
Q3 25
$105.3M
Q2 25
$26.7M
Q1 25
$83.1M
Q4 24
$260.9M
$54.2M
Q3 24
$102.8M
$52.2M
Q2 24
$37.1M
$8.9M
Free Cash Flow
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
$50.6M
Q3 25
$72.8M
Q2 25
$-55.1M
Q1 25
$41.1M
Q4 24
$88.0M
$16.5M
Q3 24
$-65.1M
$29.1M
Q2 24
$19.5M
$-15.3M
FCF Margin
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
25.4%
Q3 25
36.8%
Q2 25
-28.8%
Q1 25
22.8%
Q4 24
44.5%
4.8%
Q3 24
-32.6%
8.0%
Q2 24
10.3%
-4.3%
Capex Intensity
ESRT
ESRT
UTZ
UTZ
Q1 26
10.0%
Q4 25
99.6%
Q3 25
16.5%
Q2 25
42.8%
Q1 25
23.4%
Q4 24
87.5%
11.1%
Q3 24
84.1%
6.3%
Q2 24
9.3%
6.8%
Cash Conversion
ESRT
ESRT
UTZ
UTZ
Q1 26
Q4 25
7.74×
Q3 25
7.72×
Q2 25
2.35×
Q1 25
5.27×
Q4 24
13.88×
23.67×
Q3 24
4.51×
Q2 24
1.30×
0.45×

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%

UTZ
UTZ

Segment breakdown not available.

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