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Empire State Realty OP, L.P.（ESBA）与丰田北美（MPAA）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.的季度营收约是丰田北美的1.2倍（$199.2M vs $167.7M），Empire State Realty OP, L.P.净利率更高（16.1% vs 1.1%，领先15.1%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -9.9%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $-8.6M），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs -5.9%）
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。
丰田北美（TMNA）是丰田汽车旗下负责加拿大、墨西哥及美国全境业务的运营子公司，业务范围覆盖研发、生产制造、销售营销、售后及企业管理等板块，相关核心业务由TMNA统筹，部分板块由其他子公司及控股企业负责执行，公司总部位于得克萨斯州普莱诺，在肯塔基州乔治敦等多地设有分支机构。
ESBA vs MPAA — 直观对比
营收规模更大
ESBA
是对方的1.2倍
$167.7M
营收增速更快
ESBA
高出10.7%
-9.9%
净利率更高
ESBA
高出15.1%
1.1%
自由现金流更多
ESBA
多$59.2M
$-8.6M
两年增速更快
ESBA
近两年复合增速
-5.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $167.7M |
| 净利润 | $32.2M | $1.8M |
| 毛利率 | — | 19.6% |
| 营业利润率 | 17.8% | 5.0% |
| 净利率 | 16.1% | 1.1% |
| 营收同比 | 0.8% | -9.9% |
| 净利润同比 | 71.2% | -22.4% |
| 每股收益（稀释后） | $0.11 | $0.09 |
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ESBAMPAA
| Q4 25 | $199.2M | $167.7M | ||
| Q3 25 | $197.7M | $221.5M | ||
| Q2 25 | $191.3M | $188.4M | ||
| Q1 25 | $180.1M | $193.1M | ||
| Q4 24 | $197.6M | $186.2M | ||
| Q3 24 | $199.6M | $208.2M | ||
| Q2 24 | $189.5M | $169.9M | ||
| Q1 24 | $181.2M | $189.5M |
净利润ESBAMPAA
| Q4 25 | $32.2M | $1.8M | ||
| Q3 25 | $13.6M | $-2.1M | ||
| Q2 25 | $11.4M | $3.0M | ||
| Q1 25 | $15.8M | $-722.0K | ||
| Q4 24 | $18.8M | $2.3M | ||
| Q3 24 | $22.8M | $-3.0M | ||
| Q2 24 | $28.6M | $-18.1M | ||
| Q1 24 | $10.2M | $1.3M |
毛利率ESBAMPAA
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 24.1% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 18.4% |
营业利润率ESBAMPAA
| Q4 25 | 17.8% | 5.0% | ||
| Q3 25 | 19.9% | 7.4% | ||
| Q2 25 | 18.4% | 10.7% | ||
| Q1 25 | 14.3% | 8.4% | ||
| Q4 24 | 21.7% | 9.4% | ||
| Q3 24 | 22.7% | 6.0% | ||
| Q2 24 | 20.8% | -3.8% | ||
| Q1 24 | 17.1% | 6.4% |
净利率ESBAMPAA
| Q4 25 | 16.1% | 1.1% | ||
| Q3 25 | 6.9% | -1.0% | ||
| Q2 25 | 6.0% | 1.6% | ||
| Q1 25 | 8.8% | -0.4% | ||
| Q4 24 | 9.5% | 1.2% | ||
| Q3 24 | 11.4% | -1.4% | ||
| Q2 24 | 15.1% | -10.6% | ||
| Q1 24 | 5.6% | 0.7% |
每股收益（稀释后）ESBAMPAA
| Q4 25 | $0.11 | $0.09 | ||
| Q3 25 | $0.05 | $-0.11 | ||
| Q2 25 | $0.04 | $0.15 | ||
| Q1 25 | $0.05 | $-0.03 | ||
| Q4 24 | $0.07 | $0.11 | ||
| Q3 24 | $0.08 | $-0.15 | ||
| Q2 24 | $0.10 | $-0.92 | ||
| Q1 24 | $0.03 | $0.06 |
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 | $19.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $258.5M |
| 总资产 | $4.5B | $991.3M |
| 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ESBAMPAA
| Q4 25 | $132.7M | $19.6M | ||
| Q3 25 | $154.1M | $17.7M | ||
| Q2 25 | $94.6M | $14.5M | ||
| Q1 25 | $187.8M | $11.3M | ||
| Q4 24 | $385.5M | $12.7M | ||
| Q3 24 | $421.9M | $12.3M | ||
| Q2 24 | $535.5M | $9.4M | ||
| Q1 24 | $333.6M | $15.8M |
股东权益ESBAMPAA
| Q4 25 | — | $258.5M | ||
| Q3 25 | — | $258.5M | ||
| Q2 25 | — | $260.1M | ||
| Q1 25 | — | $257.7M | ||
| Q4 24 | — | $262.7M | ||
| Q3 24 | — | $264.0M | ||
| Q2 24 | — | $267.2M | ||
| Q1 24 | — | $285.1M |
总资产ESBAMPAA
| Q4 25 | $4.5B | $991.3M | ||
| Q3 25 | $4.1B | $990.0M | ||
| Q2 25 | $4.1B | $973.4M | ||
| Q1 25 | $4.1B | $957.6M | ||
| Q4 24 | $4.5B | $949.5M | ||
| Q3 24 | $4.4B | $986.2M | ||
| Q2 24 | $4.4B | $978.0M | ||
| Q1 24 | $4.2B | $1.0B |
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 | $-8.2M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $-8.6M |
| 自由现金流率自由现金流/营收 | 25.4% | -5.2% |
| 资本支出强度资本支出/营收 | 99.6% | 0.2% |
| 现金转化率经营现金流/净利润 | 7.74× | -4.63× |
| 过去12个月自由现金流最近4个季度 | $109.3M | $27.7M |
8季度趋势，按日历期对齐
经营现金流ESBAMPAA
| Q4 25 | $249.1M | $-8.2M | ||
| Q3 25 | $105.3M | $21.9M | ||
| Q2 25 | $26.7M | $10.0M | ||
| Q1 25 | $83.1M | $9.1M | ||
| Q4 24 | $260.9M | $34.4M | ||
| Q3 24 | $102.8M | $22.9M | ||
| Q2 24 | $37.1M | $-20.8M | ||
| Q1 24 | $70.9M | $-9.3M |
自由现金流ESBAMPAA
| Q4 25 | $50.6M | $-8.6M | ||
| Q3 25 | $72.8M | $20.8M | ||
| Q2 25 | $-55.1M | $9.2M | ||
| Q1 25 | $41.1M | $6.2M | ||
| Q4 24 | $88.0M | $33.7M | ||
| Q3 24 | $-65.1M | $22.3M | ||
| Q2 24 | $19.5M | $-21.3M | ||
| Q1 24 | $23.2M | $-9.8M |
自由现金流率ESBAMPAA
| Q4 25 | 25.4% | -5.2% | ||
| Q3 25 | 36.8% | 9.4% | ||
| Q2 25 | -28.8% | 4.9% | ||
| Q1 25 | 22.8% | 3.2% | ||
| Q4 24 | 44.5% | 18.1% | ||
| Q3 24 | -32.6% | 10.7% | ||
| Q2 24 | 10.3% | -12.6% | ||
| Q1 24 | 12.8% | -5.2% |
资本支出强度ESBAMPAA
| Q4 25 | 99.6% | 0.2% | ||
| Q3 25 | 16.5% | 0.5% | ||
| Q2 25 | 42.8% | 0.4% | ||
| Q1 25 | 23.4% | 1.5% | ||
| Q4 24 | 87.5% | 0.4% | ||
| Q3 24 | 84.1% | 0.3% | ||
| Q2 24 | 9.3% | 0.3% | ||
| Q1 24 | 26.3% | 0.3% |
现金转化率ESBAMPAA
| Q4 25 | 7.74× | -4.63× | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | 3.30× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | 15.00× | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 1.30× | — | ||
| Q1 24 | 6.94× | -6.93× |
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% |
MPAA
| Reportable Segment Aggregation Before Other Operating Segment | $156.3M | 93% |
| Other | $11.4M | 7% |
