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Empire State Realty OP, L.P.（ESBA）与null（SDHC）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Empire State Realty OP, L.P.的1.3倍（$260.4M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs 1.4%，领先14.8%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -9.4%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $8.7M），过去两年null的营收复合增速更高（17.3% 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。
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
ESBA vs SDHC — 直观对比
营收规模更大
SDHC
是对方的1.3倍
$199.2M
营收增速更快
ESBA
高出10.2%
-9.4%
净利率更高
ESBA
高出14.8%
1.4%
自由现金流更多
ESBA
多$41.8M
$8.7M
两年增速更快
SDHC
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $260.4M |
| 净利润 | $32.2M | $3.5M |
| 毛利率 | — | 19.9% |
| 营业利润率 | 17.8% | 6.5% |
| 净利率 | 16.1% | 1.4% |
| 营收同比 | 0.8% | -9.4% |
| 净利润同比 | 71.2% | -14.3% |
| 每股收益（稀释后） | $0.11 | $0.39 |
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ESBASDHC
| Q4 25 | $199.2M | $260.4M | ||
| Q3 25 | $197.7M | $262.0M | ||
| Q2 25 | $191.3M | $223.9M | ||
| Q1 25 | $180.1M | $224.7M | ||
| Q4 24 | $197.6M | $287.5M | ||
| Q3 24 | $199.6M | $277.8M | ||
| Q2 24 | $189.5M | $220.9M | ||
| Q1 24 | $181.2M | $189.2M |
净利润ESBASDHC
| Q4 25 | $32.2M | $3.5M | ||
| Q3 25 | $13.6M | $2.1M | ||
| Q2 25 | $11.4M | $2.4M | ||
| Q1 25 | $15.8M | $2.7M | ||
| Q4 24 | $18.8M | $4.1M | ||
| Q3 24 | $22.8M | $5.3M | ||
| Q2 24 | $28.6M | $3.6M | ||
| Q1 24 | $10.2M | $3.0M |
毛利率ESBASDHC
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
营业利润率ESBASDHC
| Q4 25 | 17.8% | 6.5% | ||
| Q3 25 | 19.9% | 6.6% | ||
| Q2 25 | 18.4% | 7.7% | ||
| Q1 25 | 14.3% | 8.7% | ||
| Q4 24 | 21.7% | 10.4% | ||
| Q3 24 | 22.7% | 14.2% | ||
| Q2 24 | 20.8% | 11.7% | ||
| Q1 24 | 17.1% | 11.3% |
净利率ESBASDHC
| Q4 25 | 16.1% | 1.4% | ||
| Q3 25 | 6.9% | 0.8% | ||
| Q2 25 | 6.0% | 1.1% | ||
| Q1 25 | 8.8% | 1.2% | ||
| Q4 24 | 9.5% | 1.4% | ||
| Q3 24 | 11.4% | 1.9% | ||
| Q2 24 | 15.1% | 1.7% | ||
| Q1 24 | 5.6% | 1.6% |
每股收益（稀释后）ESBASDHC
| Q4 25 | $0.11 | $0.39 | ||
| Q3 25 | $0.05 | $0.24 | ||
| Q2 25 | $0.04 | $0.26 | ||
| Q1 25 | $0.05 | $0.30 | ||
| Q4 24 | $0.07 | $0.50 | ||
| Q3 24 | $0.08 | $0.58 | ||
| Q2 24 | $0.10 | $0.40 | ||
| Q1 24 | $0.03 | $0.33 |
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 | $12.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $86.7M |
| 总资产 | $4.5B | $557.6M |
| 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ESBASDHC
| Q4 25 | $132.7M | $12.7M | ||
| Q3 25 | $154.1M | $14.8M | ||
| Q2 25 | $94.6M | $16.8M | ||
| Q1 25 | $187.8M | $12.7M | ||
| Q4 24 | $385.5M | $22.4M | ||
| Q3 24 | $421.9M | $23.7M | ||
| Q2 24 | $535.5M | $17.3M | ||
| Q1 24 | $333.6M | $32.8M |
股东权益ESBASDHC
| Q4 25 | — | $86.7M | ||
| Q3 25 | — | $82.2M | ||
| Q2 25 | — | $80.0M | ||
| Q1 25 | — | $76.9M | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | $68.4M | ||
| Q2 24 | — | $62.1M | ||
| Q1 24 | — | $59.7M |
总资产ESBASDHC
| Q4 25 | $4.5B | $557.6M | ||
| Q3 25 | $4.1B | $571.6M | ||
| Q2 25 | $4.1B | $570.2M | ||
| Q1 25 | $4.1B | $513.9M | ||
| Q4 24 | $4.5B | $475.9M | ||
| Q3 24 | $4.4B | $460.1M | ||
| Q2 24 | $4.4B | $429.3M | ||
| Q1 24 | $4.2B | $401.3M |
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 | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $8.7M |
| 自由现金流率自由现金流/营收 | 25.4% | 3.4% |
| 资本支出强度资本支出/营收 | 99.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 7.74× | 2.77× |
| 过去12个月自由现金流最近4个季度 | $109.3M | $-36.9M |
8季度趋势，按日历期对齐
经营现金流ESBASDHC
| Q4 25 | $249.1M | $9.8M | ||
| Q3 25 | $105.3M | $22.8M | ||
| Q2 25 | $26.7M | $-28.9M | ||
| Q1 25 | $83.1M | $-34.9M | ||
| Q4 24 | $260.9M | $5.5M | ||
| Q3 24 | $102.8M | $22.9M | ||
| Q2 24 | $37.1M | $39.0K | ||
| Q1 24 | $70.9M | $-9.3M |
自由现金流ESBASDHC
| Q4 25 | $50.6M | $8.7M | ||
| Q3 25 | $72.8M | $21.4M | ||
| Q2 25 | $-55.1M | $-31.1M | ||
| Q1 25 | $41.1M | $-35.9M | ||
| Q4 24 | $88.0M | $4.8M | ||
| Q3 24 | $-65.1M | $22.3M | ||
| Q2 24 | $19.5M | $-2.1M | ||
| Q1 24 | $23.2M | $-9.7M |
自由现金流率ESBASDHC
| Q4 25 | 25.4% | 3.4% | ||
| Q3 25 | 36.8% | 8.2% | ||
| Q2 25 | -28.8% | -13.9% | ||
| Q1 25 | 22.8% | -16.0% | ||
| Q4 24 | 44.5% | 1.7% | ||
| Q3 24 | -32.6% | 8.0% | ||
| Q2 24 | 10.3% | -1.0% | ||
| Q1 24 | 12.8% | -5.1% |
资本支出强度ESBASDHC
| Q4 25 | 99.6% | 0.4% | ||
| Q3 25 | 16.5% | 0.5% | ||
| Q2 25 | 42.8% | 0.9% | ||
| Q1 25 | 23.4% | 0.5% | ||
| Q4 24 | 87.5% | 0.2% | ||
| Q3 24 | 84.1% | 0.2% | ||
| Q2 24 | 9.3% | 1.0% | ||
| Q1 24 | 26.3% | 0.2% |
现金转化率ESBASDHC
| Q4 25 | 7.74× | 2.77× | ||
| Q3 25 | 7.72× | 10.70× | ||
| Q2 25 | 2.35× | -12.24× | ||
| Q1 25 | 5.27× | -13.01× | ||
| Q4 24 | 13.88× | 1.33× | ||
| Q3 24 | 4.51× | 4.28× | ||
| Q2 24 | 1.30× | 0.01× | ||
| Q1 24 | 6.94× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
