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Empire State Realty OP, L.P.（ESBA）与ONESPAWORLD HOLDINGS Ltd（OSW）财务数据对比。点击上方公司名可切换其他公司
ONESPAWORLD HOLDINGS Ltd的季度营收约是Empire State Realty OP, L.P.的1.2倍（$242.1M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs 5.0%，领先11.2%），ONESPAWORLD HOLDINGS Ltd同比增速更快（11.5% vs 0.8%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $14.9M），过去两年ONESPAWORLD HOLDINGS Ltd的营收复合增速更高（7.1% 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。
ESBA vs OSW — 直观对比
营收规模更大
OSW
是对方的1.2倍
$199.2M
营收增速更快
OSW
高出10.7%
0.8%
净利率更高
ESBA
高出11.2%
5.0%
自由现金流更多
ESBA
多$35.6M
$14.9M
两年增速更快
OSW
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $242.1M |
| 净利润 | $32.2M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | 6.8% |
| 净利率 | 16.1% | 5.0% |
| 营收同比 | 0.8% | 11.5% |
| 净利润同比 | 71.2% | -16.2% |
| 每股收益（稀释后） | $0.11 | $0.12 |
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ESBAOSW
| Q4 25 | $199.2M | $242.1M | ||
| Q3 25 | $197.7M | $258.5M | ||
| Q2 25 | $191.3M | $240.7M | ||
| Q1 25 | $180.1M | $219.6M | ||
| Q4 24 | $197.6M | $217.2M | ||
| Q3 24 | $199.6M | $241.7M | ||
| Q2 24 | $189.5M | $224.9M | ||
| Q1 24 | $181.2M | $211.2M |
净利润ESBAOSW
| Q4 25 | $32.2M | $12.1M | ||
| Q3 25 | $13.6M | $24.3M | ||
| Q2 25 | $11.4M | $19.9M | ||
| Q1 25 | $15.8M | $15.3M | ||
| Q4 24 | $18.8M | $14.4M | ||
| Q3 24 | $22.8M | $21.6M | ||
| Q2 24 | $28.6M | $15.8M | ||
| Q1 24 | $10.2M | $21.2M |
营业利润率ESBAOSW
| Q4 25 | 17.8% | 6.8% | ||
| Q3 25 | 19.9% | 10.2% | ||
| Q2 25 | 18.4% | 9.2% | ||
| Q1 25 | 14.3% | 7.7% | ||
| Q4 24 | 21.7% | 7.9% | ||
| Q3 24 | 22.7% | 10.3% | ||
| Q2 24 | 20.8% | 8.4% | ||
| Q1 24 | 17.1% | 8.0% |
净利率ESBAOSW
| Q4 25 | 16.1% | 5.0% | ||
| Q3 25 | 6.9% | 9.4% | ||
| Q2 25 | 6.0% | 8.3% | ||
| Q1 25 | 8.8% | 7.0% | ||
| Q4 24 | 9.5% | 6.6% | ||
| Q3 24 | 11.4% | 8.9% | ||
| Q2 24 | 15.1% | 7.0% | ||
| Q1 24 | 5.6% | 10.0% |
每股收益（稀释后）ESBAOSW
| Q4 25 | $0.11 | $0.12 | ||
| Q3 25 | $0.05 | $0.23 | ||
| Q2 25 | $0.04 | $0.19 | ||
| Q1 25 | $0.05 | $0.15 | ||
| Q4 24 | $0.07 | $0.13 | ||
| Q3 24 | $0.08 | $0.20 | ||
| Q2 24 | $0.10 | $0.15 | ||
| Q1 24 | $0.03 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | — | $84.0M |
| 股东权益账面价值 | — | $542.6M |
| 总资产 | $4.5B | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资ESBAOSW
| Q4 25 | $132.7M | $16.3M | ||
| Q3 25 | $154.1M | $29.6M | ||
| Q2 25 | $94.6M | $35.0M | ||
| Q1 25 | $187.8M | $22.6M | ||
| Q4 24 | $385.5M | $57.4M | ||
| Q3 24 | $421.9M | $48.8M | ||
| Q2 24 | $535.5M | $62.5M | ||
| Q1 24 | $333.6M | $65.4M |
总债务ESBAOSW
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
股东权益ESBAOSW
| Q4 25 | — | $542.6M | ||
| Q3 25 | — | $552.8M | ||
| Q2 25 | — | $548.3M | ||
| Q1 25 | — | $530.6M | ||
| Q4 24 | — | $554.5M | ||
| Q3 24 | — | $540.1M | ||
| Q2 24 | — | $532.7M | ||
| Q1 24 | — | $515.5M |
总资产ESBAOSW
| Q4 25 | $4.5B | $707.1M | ||
| Q3 25 | $4.1B | $732.6M | ||
| Q2 25 | $4.1B | $731.8M | ||
| Q1 25 | $4.1B | $708.7M | ||
| Q4 24 | $4.5B | $746.4M | ||
| Q3 24 | $4.4B | $734.0M | ||
| Q2 24 | $4.4B | $756.8M | ||
| Q1 24 | $4.2B | $763.6M |
负债/权益比ESBAOSW
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $14.9M |
| 自由现金流率自由现金流/营收 | 25.4% | 6.2% |
| 资本支出强度资本支出/营收 | 99.6% | 2.1% |
| 现金转化率经营现金流/净利润 | 7.74× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $109.3M | $68.4M |
8季度趋势，按日历期对齐
经营现金流ESBAOSW
| Q4 25 | $249.1M | $20.0M | ||
| Q3 25 | $105.3M | $33.2M | ||
| Q2 25 | $26.7M | $20.3M | ||
| Q1 25 | $83.1M | $10.1M | ||
| Q4 24 | $260.9M | $16.6M | ||
| Q3 24 | $102.8M | $28.6M | ||
| Q2 24 | $37.1M | $18.7M | ||
| Q1 24 | $70.9M | $15.0M |
自由现金流ESBAOSW
| Q4 25 | $50.6M | $14.9M | ||
| Q3 25 | $72.8M | $27.6M | ||
| Q2 25 | $-55.1M | $17.6M | ||
| Q1 25 | $41.1M | $8.4M | ||
| Q4 24 | $88.0M | $13.2M | ||
| Q3 24 | $-65.1M | $27.5M | ||
| Q2 24 | $19.5M | $17.6M | ||
| Q1 24 | $23.2M | $13.7M |
自由现金流率ESBAOSW
| Q4 25 | 25.4% | 6.2% | ||
| Q3 25 | 36.8% | 10.7% | ||
| Q2 25 | -28.8% | 7.3% | ||
| Q1 25 | 22.8% | 3.8% | ||
| Q4 24 | 44.5% | 6.1% | ||
| Q3 24 | -32.6% | 11.4% | ||
| Q2 24 | 10.3% | 7.8% | ||
| Q1 24 | 12.8% | 6.5% |
资本支出强度ESBAOSW
| Q4 25 | 99.6% | 2.1% | ||
| Q3 25 | 16.5% | 2.2% | ||
| Q2 25 | 42.8% | 1.1% | ||
| Q1 25 | 23.4% | 0.8% | ||
| Q4 24 | 87.5% | 1.5% | ||
| Q3 24 | 84.1% | 0.5% | ||
| Q2 24 | 9.3% | 0.5% | ||
| Q1 24 | 26.3% | 0.6% |
现金转化率ESBAOSW
| Q4 25 | 7.74× | 1.65× | ||
| Q3 25 | 7.72× | 1.36× | ||
| Q2 25 | 2.35× | 1.02× | ||
| Q1 25 | 5.27× | 0.66× | ||
| Q4 24 | 13.88× | 1.15× | ||
| Q3 24 | 4.51× | 1.33× | ||
| Q2 24 | 1.30× | 1.19× | ||
| Q1 24 | 6.94× | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
