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Empire State Realty OP, L.P.（ESBA）与Ribbon Communications Inc.（RBBN）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Ribbon Communications Inc.的1.2倍（$199.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 16.1%，领先38.6%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -10.3%），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs -8.1%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
ESBA vs RBBN — 直观对比
营收规模更大
ESBA
是对方的1.2倍
$162.6M
营收增速更快
ESBA
高出11.1%
-10.3%
净利率更高
RBBN
高出38.6%
16.1%
两年增速更快
ESBA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $162.6M |
| 净利润 | $32.2M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 17.8% | 37.6% |
| 净利率 | 16.1% | 54.8% |
| 营收同比 | 0.8% | -10.3% |
| 净利润同比 | 71.2% | — |
| 每股收益（稀释后） | $0.11 | $0.50 |
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ESBARBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $199.2M | $227.3M | ||
| Q3 25 | $197.7M | $215.4M | ||
| Q2 25 | $191.3M | $220.6M | ||
| Q1 25 | $180.1M | $181.3M | ||
| Q4 24 | $197.6M | $251.4M | ||
| Q3 24 | $199.6M | $210.2M | ||
| Q2 24 | $189.5M | $192.6M |
净利润ESBARBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $32.2M | — | ||
| Q3 25 | $13.6M | $-12.1M | ||
| Q2 25 | $11.4M | $-11.1M | ||
| Q1 25 | $15.8M | $-26.2M | ||
| Q4 24 | $18.8M | — | ||
| Q3 24 | $22.8M | $-13.4M | ||
| Q2 24 | $28.6M | $-16.8M |
毛利率ESBARBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率ESBARBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 17.8% | 4.1% | ||
| Q3 25 | 19.9% | 1.3% | ||
| Q2 25 | 18.4% | 1.9% | ||
| Q1 25 | 14.3% | -10.8% | ||
| Q4 24 | 21.7% | 13.2% | ||
| Q3 24 | 22.7% | -0.4% | ||
| Q2 24 | 20.8% | -1.0% |
净利率ESBARBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 6.9% | -5.6% | ||
| Q2 25 | 6.0% | -5.0% | ||
| Q1 25 | 8.8% | -14.5% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 11.4% | -6.4% | ||
| Q2 24 | 15.1% | -8.7% |
每股收益（稀释后）ESBARBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.11 | $0.50 | ||
| Q3 25 | $0.05 | $-0.07 | ||
| Q2 25 | $0.04 | $-0.06 | ||
| Q1 25 | $0.05 | $-0.15 | ||
| Q4 24 | $0.07 | $0.05 | ||
| Q3 24 | $0.08 | $-0.08 | ||
| Q2 24 | $0.10 | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $419.1M |
| 总资产 | $4.5B | — |
| 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ESBARBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $132.7M | $96.4M | ||
| Q3 25 | $154.1M | $74.8M | ||
| Q2 25 | $94.6M | $60.5M | ||
| Q1 25 | $187.8M | $71.2M | ||
| Q4 24 | $385.5M | $87.8M | ||
| Q3 24 | $421.9M | $37.2M | ||
| Q2 24 | $535.5M | $64.6M |
总债务ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益ESBARBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | — | $449.0M | ||
| Q3 25 | — | $360.1M | ||
| Q2 25 | — | $370.4M | ||
| Q1 25 | — | $381.8M | ||
| Q4 24 | — | $404.6M | ||
| Q3 24 | — | $395.5M | ||
| Q2 24 | — | $405.0M |
总资产ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.1B | $1.1B | ||
| Q2 25 | $4.1B | $1.1B | ||
| Q1 25 | $4.1B | $1.1B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.4B | $1.1B |
负债/权益比ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $50.6M | — |
| 自由现金流率自由现金流/营收 | 25.4% | — |
| 资本支出强度资本支出/营收 | 99.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $29.2M | ||
| Q3 25 | $105.3M | $26.5M | ||
| Q2 25 | $26.7M | $-795.0K | ||
| Q1 25 | $83.1M | $-3.5M | ||
| Q4 24 | $260.9M | $61.8M | ||
| Q3 24 | $102.8M | $-14.8M | ||
| Q2 24 | $37.1M | $-9.8M |
自由现金流ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $27.3M | ||
| Q3 25 | $72.8M | $21.0M | ||
| Q2 25 | $-55.1M | $-6.5M | ||
| Q1 25 | $41.1M | $-15.7M | ||
| Q4 24 | $88.0M | $53.8M | ||
| Q3 24 | $-65.1M | $-23.7M | ||
| Q2 24 | $19.5M | $-12.9M |
自由现金流率ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 12.0% | ||
| Q3 25 | 36.8% | 9.7% | ||
| Q2 25 | -28.8% | -2.9% | ||
| Q1 25 | 22.8% | -8.7% | ||
| Q4 24 | 44.5% | 21.4% | ||
| Q3 24 | -32.6% | -11.3% | ||
| Q2 24 | 10.3% | -6.7% |
资本支出强度ESBARBBN
| Q1 26 | — | — | ||
| Q4 25 | 99.6% | 0.9% | ||
| Q3 25 | 16.5% | 2.6% | ||
| Q2 25 | 42.8% | 2.6% | ||
| Q1 25 | 23.4% | 6.7% | ||
| Q4 24 | 87.5% | 3.2% | ||
| Q3 24 | 84.1% | 4.2% | ||
| Q2 24 | 9.3% | 1.6% |
现金转化率ESBARBBN
| Q1 26 | — | — | ||
| 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× | — |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
