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Empire State Realty OP, L.P.（ESBA）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是Empire State Realty OP, L.P.的1.1倍（$225.2M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs -375.6%，领先391.8%），PLUG POWER INC同比增速更快（17.6% vs 0.8%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
ESBA vs PLUG — 直观对比
营收规模更大
PLUG
是对方的1.1倍
$199.2M
营收增速更快
PLUG
高出16.8%
0.8%
净利率更高
ESBA
高出391.8%
-375.6%
自由现金流更多
ESBA
多$203.6M
$-153.0M
两年增速更快
PLUG
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $225.2M |
| 净利润 | $32.2M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 17.8% | -338.9% |
| 净利率 | 16.1% | -375.6% |
| 营收同比 | 0.8% | 17.6% |
| 净利润同比 | 71.2% | 36.7% |
| 每股收益（稀释后） | $0.11 | $-0.70 |
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ESBAPLUG
| Q4 25 | $199.2M | $225.2M | ||
| Q3 25 | $197.7M | $177.1M | ||
| Q2 25 | $191.3M | $174.0M | ||
| Q1 25 | $180.1M | $133.7M | ||
| Q4 24 | $197.6M | $191.5M | ||
| Q3 24 | $199.6M | $173.7M | ||
| Q2 24 | $189.5M | $143.3M | ||
| Q1 24 | $181.2M | $120.3M |
净利润ESBAPLUG
| Q4 25 | $32.2M | $-846.0M | ||
| Q3 25 | $13.6M | $-361.9M | ||
| Q2 25 | $11.4M | $-227.1M | ||
| Q1 25 | $15.8M | $-196.7M | ||
| Q4 24 | $18.8M | $-1.3B | ||
| Q3 24 | $22.8M | $-211.2M | ||
| Q2 24 | $28.6M | $-262.3M | ||
| Q1 24 | $10.2M | $-295.8M |
毛利率ESBAPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率ESBAPLUG
| Q4 25 | 17.8% | -338.9% | ||
| Q3 25 | 19.9% | -197.0% | ||
| Q2 25 | 18.4% | -101.7% | ||
| Q1 25 | 14.3% | -133.5% | ||
| Q4 24 | 21.7% | -678.7% | ||
| Q3 24 | 22.7% | -124.4% | ||
| Q2 24 | 20.8% | -170.7% | ||
| Q1 24 | 17.1% | -215.7% |
净利率ESBAPLUG
| Q4 25 | 16.1% | -375.6% | ||
| Q3 25 | 6.9% | -204.4% | ||
| Q2 25 | 6.0% | -130.5% | ||
| Q1 25 | 8.8% | -147.1% | ||
| Q4 24 | 9.5% | -697.5% | ||
| Q3 24 | 11.4% | -121.5% | ||
| Q2 24 | 15.1% | -183.0% | ||
| Q1 24 | 5.6% | -245.9% |
每股收益（稀释后）ESBAPLUG
| Q4 25 | $0.11 | $-0.70 | ||
| Q3 25 | $0.05 | $-0.31 | ||
| Q2 25 | $0.04 | $-0.20 | ||
| Q1 25 | $0.05 | $-0.21 | ||
| Q4 24 | $0.07 | $-1.61 | ||
| Q3 24 | $0.08 | $-0.25 | ||
| Q2 24 | $0.10 | $-0.36 | ||
| Q1 24 | $0.03 | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $978.1M |
| 总资产 | $4.5B | $2.6B |
| 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ESBAPLUG
| Q4 25 | $132.7M | $368.5M | ||
| Q3 25 | $154.1M | $165.9M | ||
| Q2 25 | $94.6M | $140.7M | ||
| Q1 25 | $187.8M | $295.8M | ||
| Q4 24 | $385.5M | $205.7M | ||
| Q3 24 | $421.9M | $93.9M | ||
| Q2 24 | $535.5M | $62.4M | ||
| Q1 24 | $333.6M | $172.9M |
总债务ESBAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益ESBAPLUG
| Q4 25 | — | $978.1M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
总资产ESBAPLUG
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.1B | $3.1B | ||
| Q2 25 | $4.1B | $3.4B | ||
| Q1 25 | $4.1B | $3.6B | ||
| Q4 24 | $4.5B | $3.6B | ||
| Q3 24 | $4.4B | $4.7B | ||
| Q2 24 | $4.4B | $4.8B | ||
| Q1 24 | $4.2B | $4.8B |
负债/权益比ESBAPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $-153.0M |
| 自由现金流率自由现金流/营收 | 25.4% | -67.9% |
| 资本支出强度资本支出/营收 | 99.6% | 1.9% |
| 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 | $-647.0M |
8季度趋势，按日历期对齐
经营现金流ESBAPLUG
| Q4 25 | $249.1M | $-148.6M | ||
| Q3 25 | $105.3M | $-89.8M | ||
| Q2 25 | $26.7M | $-191.8M | ||
| Q1 25 | $83.1M | $-105.6M | ||
| Q4 24 | $260.9M | $-131.2M | ||
| Q3 24 | $102.8M | $-174.9M | ||
| Q2 24 | $37.1M | $-254.7M | ||
| Q1 24 | $70.9M | $-167.7M |
自由现金流ESBAPLUG
| Q4 25 | $50.6M | $-153.0M | ||
| Q3 25 | $72.8M | $-117.5M | ||
| Q2 25 | $-55.1M | $-230.4M | ||
| Q1 25 | $41.1M | $-146.0M | ||
| Q4 24 | $88.0M | $-165.2M | ||
| Q3 24 | $-65.1M | $-234.2M | ||
| Q2 24 | $19.5M | $-356.0M | ||
| Q1 24 | $23.2M | $-260.3M |
自由现金流率ESBAPLUG
| Q4 25 | 25.4% | -67.9% | ||
| Q3 25 | 36.8% | -66.4% | ||
| Q2 25 | -28.8% | -132.5% | ||
| Q1 25 | 22.8% | -109.2% | ||
| Q4 24 | 44.5% | -86.3% | ||
| Q3 24 | -32.6% | -134.8% | ||
| Q2 24 | 10.3% | -248.4% | ||
| Q1 24 | 12.8% | -216.5% |
资本支出强度ESBAPLUG
| Q4 25 | 99.6% | 1.9% | ||
| Q3 25 | 16.5% | 15.6% | ||
| Q2 25 | 42.8% | 22.2% | ||
| Q1 25 | 23.4% | 30.3% | ||
| Q4 24 | 87.5% | 17.7% | ||
| Q3 24 | 84.1% | 34.1% | ||
| Q2 24 | 9.3% | 70.7% | ||
| Q1 24 | 26.3% | 77.0% |
现金转化率ESBAPLUG
| 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% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
