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Empire State Realty OP, L.P.（ESBA）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是Empire State Realty OP, L.P.的1.4倍（$271.6M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs 10.2%，领先5.9%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -0.0%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $44.1M），过去两年KADANT INC的营收复合增速更高（6.7% vs 4.9%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
ESBA vs KAI — 直观对比
营收规模更大
KAI
是对方的1.4倍
$199.2M
营收增速更快
ESBA
高出0.8%
-0.0%
净利率更高
ESBA
高出5.9%
10.2%
自由现金流更多
ESBA
多$6.5M
$44.1M
两年增速更快
KAI
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $271.6M |
| 净利润 | $32.2M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 17.8% | 15.7% |
| 净利率 | 16.1% | 10.2% |
| 营收同比 | 0.8% | -0.0% |
| 净利润同比 | 71.2% | -12.2% |
| 每股收益（稀释后） | $0.11 | $2.35 |
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ESBAKAI
| Q4 25 | $199.2M | — | ||
| Q3 25 | $197.7M | $271.6M | ||
| Q2 25 | $191.3M | $255.3M | ||
| Q1 25 | $180.1M | $239.2M | ||
| Q4 24 | $197.6M | $258.0M | ||
| Q3 24 | $199.6M | $271.6M | ||
| Q2 24 | $189.5M | $274.8M | ||
| Q1 24 | $181.2M | $249.0M |
净利润ESBAKAI
| Q4 25 | $32.2M | — | ||
| Q3 25 | $13.6M | $27.7M | ||
| Q2 25 | $11.4M | $26.2M | ||
| Q1 25 | $15.8M | $24.1M | ||
| Q4 24 | $18.8M | $24.0M | ||
| Q3 24 | $22.8M | $31.6M | ||
| Q2 24 | $28.6M | $31.3M | ||
| Q1 24 | $10.2M | $24.7M |
毛利率ESBAKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 44.6% |
营业利润率ESBAKAI
| Q4 25 | 17.8% | — | ||
| Q3 25 | 19.9% | 15.7% | ||
| Q2 25 | 18.4% | 15.4% | ||
| Q1 25 | 14.3% | 14.9% | ||
| Q4 24 | 21.7% | 14.3% | ||
| Q3 24 | 22.7% | 18.0% | ||
| Q2 24 | 20.8% | 17.6% | ||
| Q1 24 | 17.1% | 14.8% |
净利率ESBAKAI
| Q4 25 | 16.1% | — | ||
| Q3 25 | 6.9% | 10.2% | ||
| Q2 25 | 6.0% | 10.2% | ||
| Q1 25 | 8.8% | 10.1% | ||
| Q4 24 | 9.5% | 9.3% | ||
| Q3 24 | 11.4% | 11.6% | ||
| Q2 24 | 15.1% | 11.4% | ||
| Q1 24 | 5.6% | 9.9% |
每股收益（稀释后）ESBAKAI
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.05 | $2.35 | ||
| Q2 25 | $0.04 | $2.22 | ||
| Q1 25 | $0.05 | $2.04 | ||
| Q4 24 | $0.07 | $2.04 | ||
| Q3 24 | $0.08 | $2.68 | ||
| Q2 24 | $0.10 | $2.66 | ||
| Q1 24 | $0.03 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | — | $949.8M |
| 总资产 | $4.5B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ESBAKAI
| Q4 25 | $132.7M | — | ||
| Q3 25 | $154.1M | $124.5M | ||
| Q2 25 | $94.6M | $95.3M | ||
| Q1 25 | $187.8M | $91.7M | ||
| Q4 24 | $385.5M | $94.7M | ||
| Q3 24 | $421.9M | $88.4M | ||
| Q2 24 | $535.5M | $73.8M | ||
| Q1 24 | $333.6M | $81.4M |
总债务ESBAKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M | ||
| Q1 24 | — | $306.8M |
股东权益ESBAKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $949.8M | ||
| Q2 25 | — | $926.0M | ||
| Q1 25 | — | $876.0M | ||
| Q4 24 | — | $847.1M | ||
| Q3 24 | — | $851.7M | ||
| Q2 24 | — | $807.7M | ||
| Q1 24 | — | $782.7M |
总资产ESBAKAI
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $4.1B | $1.5B | ||
| Q1 25 | $4.1B | $1.4B | ||
| Q4 24 | $4.5B | $1.4B | ||
| Q3 24 | $4.4B | $1.5B | ||
| Q2 24 | $4.4B | $1.5B | ||
| Q1 24 | $4.2B | $1.4B |
负债/权益比ESBAKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | — | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $44.1M |
| 自由现金流率自由现金流/营收 | 25.4% | 16.2% |
| 资本支出强度资本支出/营收 | 99.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 7.74× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $109.3M | $145.9M |
8季度趋势，按日历期对齐
经营现金流ESBAKAI
| Q4 25 | $249.1M | — | ||
| Q3 25 | $105.3M | $47.3M | ||
| Q2 25 | $26.7M | $40.5M | ||
| Q1 25 | $83.1M | $22.8M | ||
| Q4 24 | $260.9M | $51.9M | ||
| Q3 24 | $102.8M | $52.5M | ||
| Q2 24 | $37.1M | $28.1M | ||
| Q1 24 | $70.9M | $22.8M |
自由现金流ESBAKAI
| Q4 25 | $50.6M | — | ||
| Q3 25 | $72.8M | $44.1M | ||
| Q2 25 | $-55.1M | $36.5M | ||
| Q1 25 | $41.1M | $19.0M | ||
| Q4 24 | $88.0M | $46.3M | ||
| Q3 24 | $-65.1M | $48.3M | ||
| Q2 24 | $19.5M | $23.1M | ||
| Q1 24 | $23.2M | $16.6M |
自由现金流率ESBAKAI
| Q4 25 | 25.4% | — | ||
| Q3 25 | 36.8% | 16.2% | ||
| Q2 25 | -28.8% | 14.3% | ||
| Q1 25 | 22.8% | 7.9% | ||
| Q4 24 | 44.5% | 17.9% | ||
| Q3 24 | -32.6% | 17.8% | ||
| Q2 24 | 10.3% | 8.4% | ||
| Q1 24 | 12.8% | 6.7% |
资本支出强度ESBAKAI
| Q4 25 | 99.6% | — | ||
| Q3 25 | 16.5% | 1.2% | ||
| Q2 25 | 42.8% | 1.6% | ||
| Q1 25 | 23.4% | 1.6% | ||
| Q4 24 | 87.5% | 2.2% | ||
| Q3 24 | 84.1% | 1.5% | ||
| Q2 24 | 9.3% | 1.8% | ||
| Q1 24 | 26.3% | 2.5% |
现金转化率ESBAKAI
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 1.70× | ||
| Q2 25 | 2.35× | 1.55× | ||
| Q1 25 | 5.27× | 0.95× | ||
| Q4 24 | 13.88× | 2.16× | ||
| Q3 24 | 4.51× | 1.66× | ||
| Q2 24 | 1.30× | 0.90× | ||
| Q1 24 | 6.94× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
