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Empire State Realty OP, L.P.（ESBA）与null（SWIM）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null的2.0倍（$199.2M vs $100.0M），Empire State Realty OP, L.P.净利率更高（16.1% vs -7.0%，领先23.2%），null同比增速更快（14.5% vs 0.8%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $14.1M），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% 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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
ESBA vs SWIM — 直观对比
营收规模更大
ESBA
是对方的2.0倍
$100.0M
营收增速更快
SWIM
高出13.7%
0.8%
净利率更高
ESBA
高出23.2%
-7.0%
自由现金流更多
ESBA
多$36.5M
$14.1M
两年增速更快
ESBA
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $100.0M |
| 净利润 | $32.2M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | 17.8% | -10.7% |
| 净利率 | 16.1% | -7.0% |
| 营收同比 | 0.8% | 14.5% |
| 净利润同比 | 71.2% | 76.0% |
| 每股收益（稀释后） | $0.11 | $-0.06 |
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ESBASWIM
| Q4 25 | $199.2M | $100.0M | ||
| Q3 25 | $197.7M | $161.9M | ||
| Q2 25 | $191.3M | $172.6M | ||
| Q1 25 | $180.1M | $111.4M | ||
| Q4 24 | $197.6M | $87.3M | ||
| Q3 24 | $199.6M | $150.5M | ||
| Q2 24 | $189.5M | $160.1M | ||
| Q1 24 | $181.2M | $110.6M |
净利润ESBASWIM
| Q4 25 | $32.2M | $-7.0M | ||
| Q3 25 | $13.6M | $8.1M | ||
| Q2 25 | $11.4M | $16.0M | ||
| Q1 25 | $15.8M | $-6.0M | ||
| Q4 24 | $18.8M | $-29.2M | ||
| Q3 24 | $22.8M | $5.9M | ||
| Q2 24 | $28.6M | $13.3M | ||
| Q1 24 | $10.2M | $-7.9M |
毛利率ESBASWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率ESBASWIM
| Q4 25 | 17.8% | -10.7% | ||
| Q3 25 | 19.9% | 13.3% | ||
| Q2 25 | 18.4% | 14.3% | ||
| Q1 25 | 14.3% | -4.4% | ||
| Q4 24 | 21.7% | -14.9% | ||
| Q3 24 | 22.7% | 8.9% | ||
| Q2 24 | 20.8% | 12.5% | ||
| Q1 24 | 17.1% | -1.9% |
净利率ESBASWIM
| Q4 25 | 16.1% | -7.0% | ||
| Q3 25 | 6.9% | 5.0% | ||
| Q2 25 | 6.0% | 9.3% | ||
| Q1 25 | 8.8% | -5.4% | ||
| Q4 24 | 9.5% | -33.4% | ||
| Q3 24 | 11.4% | 3.9% | ||
| Q2 24 | 15.1% | 8.3% | ||
| Q1 24 | 5.6% | -7.1% |
每股收益（稀释后）ESBASWIM
| Q4 25 | $0.11 | $-0.06 | ||
| Q3 25 | $0.05 | $0.07 | ||
| Q2 25 | $0.04 | $0.13 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $0.07 | $-0.24 | ||
| Q3 24 | $0.08 | $0.05 | ||
| Q2 24 | $0.10 | $0.11 | ||
| Q1 24 | $0.03 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | — | $405.9M |
| 总资产 | $4.5B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资ESBASWIM
| Q4 25 | $132.7M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $187.8M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $421.9M | — | ||
| Q2 24 | $535.5M | — | ||
| Q1 24 | $333.6M | — |
总债务ESBASWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益ESBASWIM
| Q4 25 | — | $405.9M | ||
| Q3 25 | — | $408.4M | ||
| Q2 25 | — | $398.4M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | — | $387.2M | ||
| Q3 24 | — | $416.6M | ||
| Q2 24 | — | $408.1M | ||
| Q1 24 | — | $391.8M |
总资产ESBASWIM
| Q4 25 | $4.5B | $823.2M | ||
| Q3 25 | $4.1B | $844.4M | ||
| Q2 25 | $4.1B | $822.1M | ||
| Q1 25 | $4.1B | $824.6M | ||
| Q4 24 | $4.5B | $794.2M | ||
| Q3 24 | $4.4B | $853.4M | ||
| Q2 24 | $4.4B | $830.0M | ||
| Q1 24 | $4.2B | $808.6M |
负债/权益比ESBASWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $14.1M |
| 自由现金流率自由现金流/营收 | 25.4% | 14.1% |
| 资本支出强度资本支出/营收 | 99.6% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流ESBASWIM
| Q4 25 | $249.1M | $23.3M | ||
| Q3 25 | $105.3M | $51.0M | ||
| Q2 25 | $26.7M | $36.0M | ||
| Q1 25 | $83.1M | $-46.9M | ||
| Q4 24 | $260.9M | $6.2M | ||
| Q3 24 | $102.8M | $37.2M | ||
| Q2 24 | $37.1M | $52.4M | ||
| Q1 24 | $70.9M | $-34.5M |
自由现金流ESBASWIM
| Q4 25 | $50.6M | $14.1M | ||
| Q3 25 | $72.8M | $45.2M | ||
| Q2 25 | $-55.1M | $29.1M | ||
| Q1 25 | $41.1M | $-50.3M | ||
| Q4 24 | $88.0M | $-98.0K | ||
| Q3 24 | $-65.1M | $33.2M | ||
| Q2 24 | $19.5M | $47.9M | ||
| Q1 24 | $23.2M | $-39.9M |
自由现金流率ESBASWIM
| Q4 25 | 25.4% | 14.1% | ||
| Q3 25 | 36.8% | 27.9% | ||
| Q2 25 | -28.8% | 16.8% | ||
| Q1 25 | 22.8% | -45.2% | ||
| Q4 24 | 44.5% | -0.1% | ||
| Q3 24 | -32.6% | 22.1% | ||
| Q2 24 | 10.3% | 29.9% | ||
| Q1 24 | 12.8% | -36.0% |
资本支出强度ESBASWIM
| Q4 25 | 99.6% | 9.2% | ||
| Q3 25 | 16.5% | 3.6% | ||
| Q2 25 | 42.8% | 4.0% | ||
| Q1 25 | 23.4% | 3.1% | ||
| Q4 24 | 87.5% | 7.2% | ||
| Q3 24 | 84.1% | 2.7% | ||
| Q2 24 | 9.3% | 2.8% | ||
| Q1 24 | 26.3% | 4.8% |
现金转化率ESBASWIM
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 6.29× | ||
| Q2 25 | 2.35× | 2.25× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | — | ||
| Q3 24 | 4.51× | 6.32× | ||
| Q2 24 | 1.30× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
