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Empire State Realty OP, L.P.（ESBA）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是Empire State Realty OP, L.P.的2.3倍（$461.6M vs $199.2M），Empire State Realty OP, L.P.同比增速更快（0.8% vs -4.1%），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
ESBA vs SAM — 直观对比
营收规模更大
SAM
是对方的2.3倍
$199.2M
营收增速更快
ESBA
高出4.9%
-4.1%
两年增速更快
ESBA
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $461.6M |
| 净利润 | $32.2M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 17.8% | 12.4% |
| 净利率 | 16.1% | — |
| 营收同比 | 0.8% | -4.1% |
| 净利润同比 | 71.2% | — |
| 每股收益（稀释后） | $0.11 | $2.16 |
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ESBASAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $199.2M | $385.7M | ||
| Q3 25 | $197.7M | $537.5M | ||
| Q2 25 | $191.3M | $587.9M | ||
| Q1 25 | $180.1M | $453.9M | ||
| Q4 24 | $197.6M | $402.3M | ||
| Q3 24 | $199.6M | $605.5M | ||
| Q2 24 | $189.5M | $579.1M |
净利润ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | $32.2M | $-22.5M | ||
| Q3 25 | $13.6M | $46.2M | ||
| Q2 25 | $11.4M | $60.4M | ||
| Q1 25 | $15.8M | $24.4M | ||
| Q4 24 | $18.8M | $-38.8M | ||
| Q3 24 | $22.8M | $33.5M | ||
| Q2 24 | $28.6M | $52.3M |
毛利率ESBASAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率ESBASAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 17.8% | -8.6% | ||
| Q3 25 | 19.9% | 11.5% | ||
| Q2 25 | 18.4% | 14.0% | ||
| Q1 25 | 14.3% | 7.4% | ||
| Q4 24 | 21.7% | -13.9% | ||
| Q3 24 | 22.7% | 7.6% | ||
| Q2 24 | 20.8% | 12.2% |
净利率ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | -5.8% | ||
| Q3 25 | 6.9% | 8.6% | ||
| Q2 25 | 6.0% | 10.3% | ||
| Q1 25 | 8.8% | 5.4% | ||
| Q4 24 | 9.5% | -9.6% | ||
| Q3 24 | 11.4% | 5.5% | ||
| Q2 24 | 15.1% | 9.0% |
每股收益（稀释后）ESBASAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.11 | $-1.97 | ||
| Q3 25 | $0.05 | $4.25 | ||
| Q2 25 | $0.04 | $5.45 | ||
| Q1 25 | $0.05 | $2.16 | ||
| Q4 24 | $0.07 | $-3.23 | ||
| Q3 24 | $0.08 | $2.86 | ||
| Q2 24 | $0.10 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $682.6M |
| 总资产 | $4.5B | $1.2B |
| 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ESBASAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $132.7M | $223.4M | ||
| Q3 25 | $154.1M | $250.5M | ||
| Q2 25 | $94.6M | $212.4M | ||
| Q1 25 | $187.8M | $152.5M | ||
| Q4 24 | $385.5M | $211.8M | ||
| Q3 24 | $421.9M | $255.6M | ||
| Q2 24 | $535.5M | $219.3M |
股东权益ESBASAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | — | $846.3M | ||
| Q3 25 | — | $911.0M | ||
| Q2 25 | — | $912.3M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | — | $916.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
总资产ESBASAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $4.1B | $1.2B | ||
| Q4 24 | $4.5B | $1.3B | ||
| Q3 24 | $4.4B | $1.4B | ||
| Q2 24 | $4.4B | $1.4B |
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ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $39.9M | ||
| Q3 25 | $105.3M | $101.8M | ||
| Q2 25 | $26.7M | $126.5M | ||
| Q1 25 | $83.1M | $1.9M | ||
| Q4 24 | $260.9M | $41.9M | ||
| Q3 24 | $102.8M | $115.9M | ||
| Q2 24 | $37.1M | $96.0M |
自由现金流ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $22.1M | ||
| Q3 25 | $72.8M | $89.2M | ||
| Q2 25 | $-55.1M | $112.2M | ||
| Q1 25 | $41.1M | $-8.0M | ||
| Q4 24 | $88.0M | $18.4M | ||
| Q3 24 | $-65.1M | $99.2M | ||
| Q2 24 | $19.5M | $75.6M |
自由现金流率ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 5.7% | ||
| Q3 25 | 36.8% | 16.6% | ||
| Q2 25 | -28.8% | 19.1% | ||
| Q1 25 | 22.8% | -1.8% | ||
| Q4 24 | 44.5% | 4.6% | ||
| Q3 24 | -32.6% | 16.4% | ||
| Q2 24 | 10.3% | 13.1% |
资本支出强度ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | 99.6% | 4.6% | ||
| Q3 25 | 16.5% | 2.3% | ||
| Q2 25 | 42.8% | 2.4% | ||
| Q1 25 | 23.4% | 2.2% | ||
| Q4 24 | 87.5% | 5.8% | ||
| Q3 24 | 84.1% | 2.8% | ||
| Q2 24 | 9.3% | 3.5% |
现金转化率ESBASAM
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 2.21× | ||
| Q2 25 | 2.35× | 2.09× | ||
| Q1 25 | 5.27× | 0.08× | ||
| Q4 24 | 13.88× | — | ||
| Q3 24 | 4.51× | 3.46× | ||
| Q2 24 | 1.30× | 1.83× |
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% |
SAM
暂无分部数据
