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Empire State Realty OP, L.P.（ESBA）与MARCUS CORP（MCS）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MARCUS CORP的1.0倍（$199.2M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs 0.8%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
ESBA vs MCS — 直观对比
营收规模更大
ESBA
是对方的1.0倍
$193.5M
营收增速更快
MCS
高出1.9%
0.8%
自由现金流更多
ESBA
多$24.2M
$26.4M
两年增速更快
MCS
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $193.5M |
| 净利润 | $32.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | 0.9% |
| 净利率 | 16.1% | — |
| 营收同比 | 0.8% | 2.8% |
| 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ESBAMCS
| Q4 25 | $199.2M | $193.5M | ||
| Q3 25 | $197.7M | $210.2M | ||
| Q2 25 | $191.3M | $206.0M | ||
| Q1 25 | $180.1M | $148.8M | ||
| Q4 24 | $197.6M | $188.3M | ||
| Q3 24 | $199.6M | $232.7M | ||
| Q2 24 | $189.5M | $176.0M | ||
| Q1 24 | $181.2M | $138.5M |
净利润ESBAMCS
| Q4 25 | $32.2M | — | ||
| Q3 25 | $13.6M | $16.2M | ||
| Q2 25 | $11.4M | $7.3M | ||
| Q1 25 | $15.8M | $-16.8M | ||
| Q4 24 | $18.8M | $986.0K | ||
| Q3 24 | $22.8M | $23.3M | ||
| Q2 24 | $28.6M | $-20.2M | ||
| Q1 24 | $10.2M | $-11.9M |
营业利润率ESBAMCS
| Q4 25 | 17.8% | 0.9% | ||
| Q3 25 | 19.9% | 10.8% | ||
| Q2 25 | 18.4% | 6.3% | ||
| Q1 25 | 14.3% | -13.7% | ||
| Q4 24 | 21.7% | -1.2% | ||
| Q3 24 | 22.7% | 14.1% | ||
| Q2 24 | 20.8% | 1.3% | ||
| Q1 24 | 17.1% | -12.0% |
净利率ESBAMCS
| Q4 25 | 16.1% | — | ||
| Q3 25 | 6.9% | 7.7% | ||
| Q2 25 | 6.0% | 3.6% | ||
| Q1 25 | 8.8% | -11.3% | ||
| Q4 24 | 9.5% | 0.5% | ||
| Q3 24 | 11.4% | 10.0% | ||
| Q2 24 | 15.1% | -11.5% | ||
| Q1 24 | 5.6% | -8.6% |
每股收益（稀释后）ESBAMCS
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.10 | — | ||
| Q1 24 | $0.03 | — |
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 | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | — | $457.4M |
| 总资产 | $4.5B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ESBAMCS
| Q4 25 | $132.7M | $23.4M | ||
| Q3 25 | $154.1M | $7.4M | ||
| Q2 25 | $94.6M | $14.9M | ||
| Q1 25 | $187.8M | $11.9M | ||
| Q4 24 | $385.5M | $40.8M | ||
| Q3 24 | $421.9M | $28.4M | ||
| Q2 24 | $535.5M | $32.8M | ||
| Q1 24 | $333.6M | $17.3M |
总债务ESBAMCS
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益ESBAMCS
| Q4 25 | — | $457.4M | ||
| Q3 25 | — | $454.3M | ||
| Q2 25 | — | $448.4M | ||
| Q1 25 | — | $441.8M | ||
| Q4 24 | — | $464.9M | ||
| Q3 24 | — | $462.3M | ||
| Q2 24 | — | $449.4M | ||
| Q1 24 | — | $459.3M |
总资产ESBAMCS
| Q4 25 | $4.5B | $1.0B | ||
| Q3 25 | $4.1B | $1.0B | ||
| Q2 25 | $4.1B | $1.0B | ||
| Q1 25 | $4.1B | $1.0B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.4B | $1.0B | ||
| Q2 24 | $4.4B | $1.1B | ||
| Q1 24 | $4.2B | $1.0B |
负债/权益比ESBAMCS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $26.4M |
| 自由现金流率自由现金流/营收 | 25.4% | 13.6% |
| 资本支出强度资本支出/营收 | 99.6% | 11.6% |
| 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 | $989.0K |
8季度趋势，按日历期对齐
经营现金流ESBAMCS
| Q4 25 | $249.1M | $48.8M | ||
| Q3 25 | $105.3M | $39.1M | ||
| Q2 25 | $26.7M | $31.6M | ||
| Q1 25 | $83.1M | $-35.3M | ||
| Q4 24 | $260.9M | $52.6M | ||
| Q3 24 | $102.8M | $30.5M | ||
| Q2 24 | $37.1M | $36.0M | ||
| Q1 24 | $70.9M | $-15.1M |
自由现金流ESBAMCS
| Q4 25 | $50.6M | $26.4M | ||
| Q3 25 | $72.8M | $18.2M | ||
| Q2 25 | $-55.1M | $14.7M | ||
| Q1 25 | $41.1M | $-58.3M | ||
| Q4 24 | $88.0M | $27.1M | ||
| Q3 24 | $-65.1M | $12.0M | ||
| Q2 24 | $19.5M | $16.1M | ||
| Q1 24 | $23.2M | $-30.5M |
自由现金流率ESBAMCS
| Q4 25 | 25.4% | 13.6% | ||
| Q3 25 | 36.8% | 8.7% | ||
| Q2 25 | -28.8% | 7.1% | ||
| Q1 25 | 22.8% | -39.2% | ||
| Q4 24 | 44.5% | 14.4% | ||
| Q3 24 | -32.6% | 5.2% | ||
| Q2 24 | 10.3% | 9.2% | ||
| Q1 24 | 12.8% | -22.0% |
资本支出强度ESBAMCS
| Q4 25 | 99.6% | 11.6% | ||
| Q3 25 | 16.5% | 9.9% | ||
| Q2 25 | 42.8% | 8.2% | ||
| Q1 25 | 23.4% | 15.5% | ||
| Q4 24 | 87.5% | 13.5% | ||
| Q3 24 | 84.1% | 7.9% | ||
| Q2 24 | 9.3% | 11.3% | ||
| Q1 24 | 26.3% | 11.1% |
现金转化率ESBAMCS
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 2.41× | ||
| Q2 25 | 2.35× | 4.32× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | 53.31× | ||
| Q3 24 | 4.51× | 1.31× | ||
| Q2 24 | 1.30× | — | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
