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Empire State Realty OP, L.P.（ESBA）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
铱星通信的季度营收约是Empire State Realty OP, L.P.的1.1倍（$219.1M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs 9.9%，领先6.3%），铱星通信同比增速更快（1.9% vs 0.8%），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs 4.4%）
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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
ESBA vs IRDM — 直观对比
营收规模更大
IRDM
是对方的1.1倍
$199.2M
营收增速更快
IRDM
高出1.1%
0.8%
净利率更高
ESBA
高出6.3%
9.9%
两年增速更快
ESBA
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $219.1M |
| 净利润 | $32.2M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | 23.2% |
| 净利率 | 16.1% | 9.9% |
| 营收同比 | 0.8% | 1.9% |
| 净利润同比 | 71.2% | — |
| 每股收益（稀释后） | $0.11 | — |
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ESBAIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $199.2M | $212.9M | ||
| Q3 25 | $197.7M | $226.9M | ||
| Q2 25 | $191.3M | $216.9M | ||
| Q1 25 | $180.1M | $214.9M | ||
| Q4 24 | $197.6M | $213.0M | ||
| Q3 24 | $199.6M | $212.8M | ||
| Q2 24 | $189.5M | $201.1M |
净利润ESBAIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $32.2M | $24.9M | ||
| Q3 25 | $13.6M | $37.1M | ||
| Q2 25 | $11.4M | $22.0M | ||
| Q1 25 | $15.8M | $30.4M | ||
| Q4 24 | $18.8M | $36.3M | ||
| Q3 24 | $22.8M | $24.4M | ||
| Q2 24 | $28.6M | $32.3M |
营业利润率ESBAIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 17.8% | 25.9% | ||
| Q3 25 | 19.9% | 30.9% | ||
| Q2 25 | 18.4% | 23.2% | ||
| Q1 25 | 14.3% | 28.1% | ||
| Q4 24 | 21.7% | 24.5% | ||
| Q3 24 | 22.7% | 25.8% | ||
| Q2 24 | 20.8% | 21.7% |
净利率ESBAIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 16.1% | 11.7% | ||
| Q3 25 | 6.9% | 16.4% | ||
| Q2 25 | 6.0% | 10.1% | ||
| Q1 25 | 8.8% | 14.2% | ||
| Q4 24 | 9.5% | 17.1% | ||
| Q3 24 | 11.4% | 11.5% | ||
| Q2 24 | 15.1% | 16.1% |
每股收益（稀释后）ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.11 | $0.24 | ||
| Q3 25 | $0.05 | $0.35 | ||
| Q2 25 | $0.04 | $0.20 | ||
| Q1 25 | $0.05 | $0.27 | ||
| Q4 24 | $0.07 | $0.30 | ||
| Q3 24 | $0.08 | $0.21 | ||
| Q2 24 | $0.10 | $0.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | — |
| 总资产 | $4.5B | — |
| 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ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | $132.7M | $96.5M | ||
| Q3 25 | $154.1M | $88.5M | ||
| Q2 25 | $94.6M | $79.3M | ||
| Q1 25 | $187.8M | $50.9M | ||
| Q4 24 | $385.5M | $93.5M | ||
| Q3 24 | $421.9M | $159.6M | ||
| Q2 24 | $535.5M | $63.5M |
总债务ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | $462.6M | ||
| Q3 25 | — | $450.5M | ||
| Q2 25 | — | $473.6M | ||
| Q1 25 | — | $518.4M | ||
| Q4 24 | — | $576.6M | ||
| Q3 24 | — | $663.8M | ||
| Q2 24 | — | $786.7M |
总资产ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $2.5B | ||
| Q3 25 | $4.1B | $2.6B | ||
| Q2 25 | $4.1B | $2.6B | ||
| Q1 25 | $4.1B | $2.6B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.4B | $2.7B |
负债/权益比ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $50.6M | — |
| 自由现金流率自由现金流/营收 | 25.4% | — |
| 资本支出强度资本支出/营收 | 99.6% | 13.7% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $108.6M | ||
| Q3 25 | $105.3M | $100.8M | ||
| Q2 25 | $26.7M | $129.6M | ||
| Q1 25 | $83.1M | $61.1M | ||
| Q4 24 | $260.9M | $104.8M | ||
| Q3 24 | $102.8M | $118.6M | ||
| Q2 24 | $37.1M | $81.1M |
自由现金流ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $75.1M | ||
| Q3 25 | $72.8M | $79.2M | ||
| Q2 25 | $-55.1M | $108.9M | ||
| Q1 25 | $41.1M | $36.5M | ||
| Q4 24 | $88.0M | $80.5M | ||
| Q3 24 | $-65.1M | $100.0M | ||
| Q2 24 | $19.5M | $68.7M |
自由现金流率ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 35.3% | ||
| Q3 25 | 36.8% | 34.9% | ||
| Q2 25 | -28.8% | 50.2% | ||
| Q1 25 | 22.8% | 17.0% | ||
| Q4 24 | 44.5% | 37.8% | ||
| Q3 24 | -32.6% | 47.0% | ||
| Q2 24 | 10.3% | 34.2% |
资本支出强度ESBAIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 99.6% | 15.7% | ||
| Q3 25 | 16.5% | 9.5% | ||
| Q2 25 | 42.8% | 9.5% | ||
| Q1 25 | 23.4% | 11.4% | ||
| Q4 24 | 87.5% | 11.4% | ||
| Q3 24 | 84.1% | 8.7% | ||
| Q2 24 | 9.3% | 6.2% |
现金转化率ESBAIRDM
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | 4.37× | ||
| Q3 25 | 7.72× | 2.71× | ||
| Q2 25 | 2.35× | 5.90× | ||
| Q1 25 | 5.27× | 2.01× | ||
| Q4 24 | 13.88× | 2.88× | ||
| Q3 24 | 4.51× | 4.85× | ||
| Q2 24 | 1.30× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
