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Empire State Realty OP, L.P.（ESBA）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是Empire State Realty OP, L.P.的1.8倍（$349.1M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs -10.8%，领先26.9%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs 0.8%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $50.6M），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
ESBA vs PCOR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $349.1M |
| 净利润 | $32.2M | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | 17.8% | -12.3% |
| 净利率 | 16.1% | -10.8% |
| 营收同比 | 0.8% | 15.6% |
| 净利润同比 | 71.2% | 39.6% |
| 每股收益（稀释后） | $0.11 | $-0.25 |
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
| Q4 25 | $199.2M | $349.1M | ||
| Q3 25 | $197.7M | $338.9M | ||
| Q2 25 | $191.3M | $323.9M | ||
| Q1 25 | $180.1M | $310.6M | ||
| Q4 24 | $197.6M | $302.0M | ||
| Q3 24 | $199.6M | $295.9M | ||
| Q2 24 | $189.5M | $284.3M | ||
| Q1 24 | $181.2M | $269.4M |
| Q4 25 | $32.2M | $-37.6M | ||
| Q3 25 | $13.6M | $-9.1M | ||
| Q2 25 | $11.4M | $-21.1M | ||
| Q1 25 | $15.8M | $-33.0M | ||
| Q4 24 | $18.8M | $-62.3M | ||
| Q3 24 | $22.8M | $-26.4M | ||
| Q2 24 | $28.6M | $-6.3M | ||
| Q1 24 | $10.2M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 17.8% | -12.3% | ||
| Q3 25 | 19.9% | -4.4% | ||
| Q2 25 | 18.4% | -9.3% | ||
| Q1 25 | 14.3% | -11.7% | ||
| Q4 24 | 21.7% | -21.9% | ||
| Q3 24 | 22.7% | -12.3% | ||
| Q2 24 | 20.8% | -5.2% | ||
| Q1 24 | 17.1% | -7.0% |
| Q4 25 | 16.1% | -10.8% | ||
| Q3 25 | 6.9% | -2.7% | ||
| Q2 25 | 6.0% | -6.5% | ||
| Q1 25 | 8.8% | -10.6% | ||
| Q4 24 | 9.5% | -20.6% | ||
| Q3 24 | 11.4% | -8.9% | ||
| Q2 24 | 15.1% | -2.2% | ||
| Q1 24 | 5.6% | -4.1% |
| Q4 25 | $0.11 | $-0.25 | ||
| Q3 25 | $0.05 | $-0.06 | ||
| Q2 25 | $0.04 | $-0.14 | ||
| Q1 25 | $0.05 | $-0.22 | ||
| Q4 24 | $0.07 | $-0.42 | ||
| Q3 24 | $0.08 | $-0.18 | ||
| Q2 24 | $0.10 | $-0.04 | ||
| Q1 24 | $0.03 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.3B |
| 总资产 | $4.5B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $132.7M | $768.5M | ||
| Q3 25 | $154.1M | $684.0M | ||
| Q2 25 | $94.6M | $620.9M | ||
| Q1 25 | $187.8M | $566.7M | ||
| Q4 24 | $385.5M | $775.4M | ||
| Q3 24 | $421.9M | $756.9M | ||
| Q2 24 | $535.5M | $735.4M | ||
| Q1 24 | $333.6M | $744.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $4.5B | $2.2B | ||
| Q3 25 | $4.1B | $2.1B | ||
| Q2 25 | $4.1B | $2.0B | ||
| Q1 25 | $4.1B | $1.9B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $4.2B | $1.9B |
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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $109.2M |
| 自由现金流率自由现金流/营收 | 25.4% | 31.3% |
| 资本支出强度资本支出/营收 | 99.6% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
| Q4 25 | $249.1M | $114.9M | ||
| Q3 25 | $105.3M | $88.5M | ||
| Q2 25 | $26.7M | $30.8M | ||
| Q1 25 | $83.1M | $66.0M | ||
| Q4 24 | $260.9M | $29.1M | ||
| Q3 24 | $102.8M | $39.3M | ||
| Q2 24 | $37.1M | $58.7M | ||
| Q1 24 | $70.9M | $69.1M |
| Q4 25 | $50.6M | $109.2M | ||
| Q3 25 | $72.8M | $83.1M | ||
| Q2 25 | $-55.1M | $27.9M | ||
| Q1 25 | $41.1M | $62.0M | ||
| Q4 24 | $88.0M | $17.4M | ||
| Q3 24 | $-65.1M | $35.7M | ||
| Q2 24 | $19.5M | $56.8M | ||
| Q1 24 | $23.2M | $67.1M |
| Q4 25 | 25.4% | 31.3% | ||
| Q3 25 | 36.8% | 24.5% | ||
| Q2 25 | -28.8% | 8.6% | ||
| Q1 25 | 22.8% | 20.0% | ||
| Q4 24 | 44.5% | 5.8% | ||
| Q3 24 | -32.6% | 12.1% | ||
| Q2 24 | 10.3% | 20.0% | ||
| Q1 24 | 12.8% | 24.9% |
| Q4 25 | 99.6% | 1.6% | ||
| Q3 25 | 16.5% | 1.6% | ||
| Q2 25 | 42.8% | 0.9% | ||
| Q1 25 | 23.4% | 1.3% | ||
| Q4 24 | 87.5% | 3.9% | ||
| Q3 24 | 84.1% | 1.2% | ||
| Q2 24 | 9.3% | 0.7% | ||
| Q1 24 | 26.3% | 0.8% |
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | — | ||
| Q3 24 | 4.51× | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
