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Empire State Realty OP, L.P.（ESBA）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
Empire State Realty OP, L.P.的季度营收约是弗雷斯特研究公司的2.0倍（$199.2M vs $101.1M），Empire State Realty OP, L.P.净利率更高（16.1% vs -33.5%，领先49.7%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -6.5%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $-4.3M），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs 0.5%）
Empire State Realty OP, L.P. 是一家房地产运营合伙企业，核心业务为持有、管理及出租优质商业与零售物业，主要布局纽约大都会区，旗下拥有帝国大厦等标志性地标，服务企业租户、零售品牌及旅游相关业务板块。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
ESBA vs FORR — 直观对比
营收规模更大
ESBA
是对方的2.0倍
$101.1M
营收增速更快
ESBA
高出7.3%
-6.5%
净利率更高
ESBA
高出49.7%
-33.5%
自由现金流更多
ESBA
多$54.8M
$-4.3M
两年增速更快
ESBA
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $101.1M |
| 净利润 | $32.2M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 17.8% | -36.6% |
| 净利率 | 16.1% | -33.5% |
| 营收同比 | 0.8% | -6.5% |
| 净利润同比 | 71.2% | -7941.4% |
| 每股收益（稀释后） | $0.11 | $-1.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ESBAFORR
| Q4 25 | $199.2M | $101.1M | ||
| Q3 25 | $197.7M | $94.3M | ||
| Q2 25 | $191.3M | $111.7M | ||
| Q1 25 | $180.1M | $89.9M | ||
| Q4 24 | $197.6M | $108.0M | ||
| Q3 24 | $199.6M | $102.5M | ||
| Q2 24 | $189.5M | $121.8M | ||
| Q1 24 | $181.2M | $100.1M |
净利润ESBAFORR
| Q4 25 | $32.2M | $-33.9M | ||
| Q3 25 | $13.6M | $-2.1M | ||
| Q2 25 | $11.4M | $3.9M | ||
| Q1 25 | $15.8M | $-87.3M | ||
| Q4 24 | $18.8M | $432.0K | ||
| Q3 24 | $22.8M | $-5.8M | ||
| Q2 24 | $28.6M | $6.3M | ||
| Q1 24 | $10.2M | $-6.7M |
毛利率ESBAFORR
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
营业利润率ESBAFORR
| Q4 25 | 17.8% | -36.6% | ||
| Q3 25 | 19.9% | 4.7% | ||
| Q2 25 | 18.4% | 6.2% | ||
| Q1 25 | 14.3% | -97.5% | ||
| Q4 24 | 21.7% | -0.5% | ||
| Q3 24 | 22.7% | -0.7% | ||
| Q2 24 | 20.8% | 9.3% | ||
| Q1 24 | 17.1% | -9.3% |
净利率ESBAFORR
| Q4 25 | 16.1% | -33.5% | ||
| Q3 25 | 6.9% | -2.3% | ||
| Q2 25 | 6.0% | 3.5% | ||
| Q1 25 | 8.8% | -97.1% | ||
| Q4 24 | 9.5% | 0.4% | ||
| Q3 24 | 11.4% | -5.7% | ||
| Q2 24 | 15.1% | 5.2% | ||
| Q1 24 | 5.6% | -6.7% |
每股收益（稀释后）ESBAFORR
| Q4 25 | $0.11 | $-1.75 | ||
| Q3 25 | $0.05 | $-0.11 | ||
| Q2 25 | $0.04 | $0.20 | ||
| Q1 25 | $0.05 | $-4.62 | ||
| Q4 24 | $0.07 | $0.02 | ||
| Q3 24 | $0.08 | $-0.30 | ||
| Q2 24 | $0.10 | $0.33 | ||
| Q1 24 | $0.03 | $-0.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $132.7M | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $126.5M |
| 总资产 | $4.5B | $404.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ESBAFORR
| Q4 25 | $132.7M | $63.3M | ||
| Q3 25 | $154.1M | $65.1M | ||
| Q2 25 | $94.6M | $67.8M | ||
| Q1 25 | $187.8M | $75.6M | ||
| Q4 24 | $385.5M | $56.1M | ||
| Q3 24 | $421.9M | $62.8M | ||
| Q2 24 | $535.5M | $58.9M | ||
| Q1 24 | $333.6M | $61.4M |
股东权益ESBAFORR
| Q4 25 | — | $126.5M | ||
| Q3 25 | — | $157.7M | ||
| Q2 25 | — | $159.5M | ||
| Q1 25 | — | $147.4M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $234.3M | ||
| Q2 24 | — | $237.1M | ||
| Q1 24 | — | $230.9M |
总资产ESBAFORR
| Q4 25 | $4.5B | $404.0M | ||
| Q3 25 | $4.1B | $414.2M | ||
| Q2 25 | $4.1B | $436.0M | ||
| Q1 25 | $4.1B | $439.8M | ||
| Q4 24 | $4.5B | $503.9M | ||
| Q3 24 | $4.4B | $505.3M | ||
| Q2 24 | $4.4B | $524.2M | ||
| Q1 24 | $4.2B | $555.7M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $249.1M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $-4.3M |
| 自由现金流率自由现金流/营收 | 25.4% | -4.2% |
| 资本支出强度资本支出/营收 | 99.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 7.74× | — |
| 过去12个月自由现金流最近4个季度 | $109.3M | $18.1M |
8季度趋势，按日历期对齐
经营现金流ESBAFORR
| Q4 25 | $249.1M | $-3.2M | ||
| Q3 25 | $105.3M | $1.2M | ||
| Q2 25 | $26.7M | $-3.6M | ||
| Q1 25 | $83.1M | $26.7M | ||
| Q4 24 | $260.9M | $-1.8M | ||
| Q3 24 | $102.8M | $264.0K | ||
| Q2 24 | $37.1M | $-2.9M | ||
| Q1 24 | $70.9M | $611.0K |
自由现金流ESBAFORR
| Q4 25 | $50.6M | $-4.3M | ||
| Q3 25 | $72.8M | $524.0K | ||
| Q2 25 | $-55.1M | $-4.2M | ||
| Q1 25 | $41.1M | $26.1M | ||
| Q4 24 | $88.0M | $-2.5M | ||
| Q3 24 | $-65.1M | $-223.0K | ||
| Q2 24 | $19.5M | $-3.7M | ||
| Q1 24 | $23.2M | $-815.0K |
自由现金流率ESBAFORR
| Q4 25 | 25.4% | -4.2% | ||
| Q3 25 | 36.8% | 0.6% | ||
| Q2 25 | -28.8% | -3.8% | ||
| Q1 25 | 22.8% | 29.0% | ||
| Q4 24 | 44.5% | -2.3% | ||
| Q3 24 | -32.6% | -0.2% | ||
| Q2 24 | 10.3% | -3.1% | ||
| Q1 24 | 12.8% | -0.8% |
资本支出强度ESBAFORR
| Q4 25 | 99.6% | 1.1% | ||
| Q3 25 | 16.5% | 0.7% | ||
| Q2 25 | 42.8% | 0.5% | ||
| Q1 25 | 23.4% | 0.7% | ||
| Q4 24 | 87.5% | 0.6% | ||
| Q3 24 | 84.1% | 0.5% | ||
| Q2 24 | 9.3% | 0.7% | ||
| Q1 24 | 26.3% | 1.4% |
现金转化率ESBAFORR
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | -0.93× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | -4.24× | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 1.30× | -0.46× | ||
| Q1 24 | 6.94× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ESBA
| Real Estate Segment | $163.8M | 82% |
| Observatory Segment | $35.2M | 18% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
