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Empire State Realty OP, L.P.（ESBA）与Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.4倍（$199.2M vs $138.9M），Empire State Realty OP, L.P.净利率更高（16.1% vs 3.2%，领先13.0%），Limbach Holdings, Inc.同比增速更快（4.3% vs 0.8%），过去两年Limbach Holdings, Inc.的营收复合增速更高（6.6% 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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
ESBA vs LMB — 直观对比
营收规模更大
ESBA
是对方的1.4倍
$138.9M
营收增速更快
LMB
高出3.5%
0.8%
净利率更高
ESBA
高出13.0%
3.2%
两年增速更快
LMB
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $138.9M |
| 净利润 | $32.2M | $4.4M |
| 毛利率 | — | 22.4% |
| 营业利润率 | 17.8% | 0.8% |
| 净利率 | 16.1% | 3.2% |
| 营收同比 | 0.8% | 4.3% |
| 净利润同比 | 71.2% | — |
| 每股收益（稀释后） | $0.11 | $0.36 |
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ESBALMB
| Q1 26 | — | $138.9M | ||
| Q4 25 | $199.2M | $186.9M | ||
| Q3 25 | $197.7M | $184.6M | ||
| Q2 25 | $191.3M | $142.2M | ||
| Q1 25 | $180.1M | $133.1M | ||
| Q4 24 | $197.6M | $143.7M | ||
| Q3 24 | $199.6M | $133.9M | ||
| Q2 24 | $189.5M | $122.2M |
净利润ESBALMB
| Q1 26 | — | $4.4M | ||
| Q4 25 | $32.2M | $12.3M | ||
| Q3 25 | $13.6M | $8.8M | ||
| Q2 25 | $11.4M | $7.8M | ||
| Q1 25 | $15.8M | $10.2M | ||
| Q4 24 | $18.8M | $9.8M | ||
| Q3 24 | $22.8M | $7.5M | ||
| Q2 24 | $28.6M | $6.0M |
毛利率ESBALMB
| Q1 26 | — | 22.4% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% |
营业利润率ESBALMB
| Q1 26 | — | 0.8% | ||
| Q4 25 | 17.8% | 9.4% | ||
| Q3 25 | 19.9% | 7.2% | ||
| Q2 25 | 18.4% | 7.5% | ||
| Q1 25 | 14.3% | 5.9% | ||
| Q4 24 | 21.7% | 9.1% | ||
| Q3 24 | 22.7% | 8.1% | ||
| Q2 24 | 20.8% | 6.7% |
净利率ESBALMB
| Q1 26 | — | 3.2% | ||
| Q4 25 | 16.1% | 6.6% | ||
| Q3 25 | 6.9% | 4.8% | ||
| Q2 25 | 6.0% | 5.5% | ||
| Q1 25 | 8.8% | 7.7% | ||
| Q4 24 | 9.5% | 6.9% | ||
| Q3 24 | 11.4% | 5.6% | ||
| Q2 24 | 15.1% | 4.9% |
每股收益（稀释后）ESBALMB
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.11 | $1.01 | ||
| Q3 25 | $0.05 | $0.73 | ||
| Q2 25 | $0.04 | $0.64 | ||
| Q1 25 | $0.05 | $0.85 | ||
| Q4 24 | $0.07 | $0.81 | ||
| Q3 24 | $0.08 | $0.62 | ||
| Q2 24 | $0.10 | $0.50 |
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 | $15.8M |
| 总债务越低越好 | — | $56.6M |
| 股东权益账面价值 | — | $196.3M |
| 总资产 | $4.5B | $377.0M |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资ESBALMB
| Q1 26 | — | $15.8M | ||
| Q4 25 | $132.7M | $11.3M | ||
| Q3 25 | $154.1M | $9.8M | ||
| Q2 25 | $94.6M | $38.9M | ||
| Q1 25 | $187.8M | $38.1M | ||
| Q4 24 | $385.5M | $44.9M | ||
| Q3 24 | $421.9M | $51.2M | ||
| Q2 24 | $535.5M | $59.5M |
总债务ESBALMB
| Q1 26 | — | $56.6M | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
股东权益ESBALMB
| Q1 26 | — | $196.3M | ||
| Q4 25 | — | $195.7M | ||
| Q3 25 | — | $181.6M | ||
| Q2 25 | — | $170.5M | ||
| Q1 25 | — | $161.1M | ||
| Q4 24 | — | $153.5M | ||
| Q3 24 | — | $142.2M | ||
| Q2 24 | — | $133.0M |
总资产ESBALMB
| Q1 26 | — | $377.0M | ||
| Q4 25 | $4.5B | $381.1M | ||
| Q3 25 | $4.1B | $409.1M | ||
| Q2 25 | $4.1B | $343.0M | ||
| Q1 25 | $4.1B | $336.4M | ||
| Q4 24 | $4.5B | $352.1M | ||
| Q3 24 | $4.4B | $324.4M | ||
| Q2 24 | $4.4B | $303.9M |
负债/权益比ESBALMB
| Q1 26 | — | 0.29× | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× |
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% | — |
| 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ESBALMB
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $28.1M | ||
| Q3 25 | $105.3M | $13.3M | ||
| Q2 25 | $26.7M | $2.0M | ||
| Q1 25 | $83.1M | $2.2M | ||
| Q4 24 | $260.9M | $19.3M | ||
| Q3 24 | $102.8M | $4.9M | ||
| Q2 24 | $37.1M | $16.5M |
自由现金流ESBALMB
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $27.9M | ||
| Q3 25 | $72.8M | $12.8M | ||
| Q2 25 | $-55.1M | $1.2M | ||
| Q1 25 | $41.1M | $11.0K | ||
| Q4 24 | $88.0M | $18.0M | ||
| Q3 24 | $-65.1M | $4.6M | ||
| Q2 24 | $19.5M | $13.2M |
自由现金流率ESBALMB
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 14.9% | ||
| Q3 25 | 36.8% | 7.0% | ||
| Q2 25 | -28.8% | 0.8% | ||
| Q1 25 | 22.8% | 0.0% | ||
| Q4 24 | 44.5% | 12.5% | ||
| Q3 24 | -32.6% | 3.4% | ||
| Q2 24 | 10.3% | 10.8% |
资本支出强度ESBALMB
| Q1 26 | — | — | ||
| Q4 25 | 99.6% | 0.1% | ||
| Q3 25 | 16.5% | 0.3% | ||
| Q2 25 | 42.8% | 0.6% | ||
| Q1 25 | 23.4% | 1.7% | ||
| Q4 24 | 87.5% | 0.9% | ||
| Q3 24 | 84.1% | 0.3% | ||
| Q2 24 | 9.3% | 2.7% |
现金转化率ESBALMB
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | 2.29× | ||
| Q3 25 | 7.72× | 1.52× | ||
| Q2 25 | 2.35× | 0.26× | ||
| Q1 25 | 5.27× | 0.22× | ||
| Q4 24 | 13.88× | 1.96× | ||
| Q3 24 | 4.51× | 0.66× | ||
| Q2 24 | 1.30× | 2.77× |
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% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
