vs
Empire State Realty OP, L.P.（ESBA）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
Tecnoglass Inc.的季度营收约是Empire State Realty OP, L.P.的1.2倍（$245.3M vs $199.2M），Empire State Realty OP, L.P.净利率更高（16.1% vs 10.6%，领先5.5%），Tecnoglass Inc.同比增速更快（2.4% vs 0.8%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $11.4M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
ESBA vs TGLS — 直观对比
营收规模更大
TGLS
是对方的1.2倍
$199.2M
营收增速更快
TGLS
高出1.6%
0.8%
净利率更高
ESBA
高出5.5%
10.6%
自由现金流更多
ESBA
多$39.1M
$11.4M
两年增速更快
TGLS
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $245.3M |
| 净利润 | $32.2M | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | 17.8% | 18.3% |
| 净利率 | 16.1% | 10.6% |
| 营收同比 | 0.8% | 2.4% |
| 净利润同比 | 71.2% | -44.5% |
| 每股收益（稀释后） | $0.11 | $0.57 |
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ESBATGLS
| Q4 25 | $199.2M | $245.3M | ||
| Q3 25 | $197.7M | $260.5M | ||
| Q2 25 | $191.3M | $255.5M | ||
| Q1 25 | $180.1M | $222.3M | ||
| Q4 24 | $197.6M | $239.6M | ||
| Q3 24 | $199.6M | $238.3M | ||
| Q2 24 | $189.5M | $219.7M | ||
| Q1 24 | $181.2M | $192.6M |
净利润ESBATGLS
| Q4 25 | $32.2M | $26.1M | ||
| Q3 25 | $13.6M | $47.2M | ||
| Q2 25 | $11.4M | $44.1M | ||
| Q1 25 | $15.8M | $42.2M | ||
| Q4 24 | $18.8M | $47.0M | ||
| Q3 24 | $22.8M | $49.5M | ||
| Q2 24 | $28.6M | $35.0M | ||
| Q1 24 | $10.2M | $29.7M |
毛利率ESBATGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率ESBATGLS
| Q4 25 | 17.8% | 18.3% | ||
| Q3 25 | 19.9% | 25.1% | ||
| Q2 25 | 18.4% | 24.0% | ||
| Q1 25 | 14.3% | 26.7% | ||
| Q4 24 | 21.7% | 28.0% | ||
| Q3 24 | 22.7% | 28.4% | ||
| Q2 24 | 20.8% | 23.3% | ||
| Q1 24 | 17.1% | 21.3% |
净利率ESBATGLS
| Q4 25 | 16.1% | 10.6% | ||
| Q3 25 | 6.9% | 18.1% | ||
| Q2 25 | 6.0% | 17.3% | ||
| Q1 25 | 8.8% | 19.0% | ||
| Q4 24 | 9.5% | 19.6% | ||
| Q3 24 | 11.4% | 20.8% | ||
| Q2 24 | 15.1% | 15.9% | ||
| Q1 24 | 5.6% | 15.4% |
每股收益（稀释后）ESBATGLS
| Q4 25 | $0.11 | $0.57 | ||
| Q3 25 | $0.05 | $1.01 | ||
| Q2 25 | $0.04 | $0.94 | ||
| Q1 25 | $0.05 | $0.90 | ||
| Q4 24 | $0.07 | $1.00 | ||
| Q3 24 | $0.08 | $1.05 | ||
| Q2 24 | $0.10 | $0.75 | ||
| Q1 24 | $0.03 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | — | $174.4M |
| 股东权益账面价值 | — | $713.1M |
| 总资产 | $4.5B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ESBATGLS
| Q4 25 | $132.7M | $104.1M | ||
| Q3 25 | $154.1M | $127.1M | ||
| Q2 25 | $94.6M | $140.9M | ||
| Q1 25 | $187.8M | $160.2M | ||
| Q4 24 | $385.5M | $137.5M | ||
| Q3 24 | $421.9M | $124.8M | ||
| Q2 24 | $535.5M | $129.5M | ||
| Q1 24 | $333.6M | $138.8M |
总债务ESBATGLS
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
股东权益ESBATGLS
| Q4 25 | — | $713.1M | ||
| Q3 25 | — | $764.0M | ||
| Q2 25 | — | $736.0M | ||
| Q1 25 | — | $685.1M | ||
| Q4 24 | — | $631.2M | ||
| Q3 24 | — | $613.3M | ||
| Q2 24 | — | $574.8M | ||
| Q1 24 | — | $573.6M |
总资产ESBATGLS
| Q4 25 | $4.5B | $1.3B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $4.1B | $1.2B | ||
| Q1 25 | $4.1B | $1.1B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.4B | $996.3M | ||
| Q2 24 | $4.4B | $942.5M | ||
| Q1 24 | $4.2B | $981.6M |
负债/权益比ESBATGLS
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $50.6M | $11.4M |
| 自由现金流率自由现金流/营收 | 25.4% | 4.7% |
| 资本支出强度资本支出/营收 | 99.6% | 8.0% |
| 现金转化率经营现金流/净利润 | 7.74× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $109.3M | $34.5M |
8季度趋势，按日历期对齐
经营现金流ESBATGLS
| Q4 25 | $249.1M | $31.0M | ||
| Q3 25 | $105.3M | $40.0M | ||
| Q2 25 | $26.7M | $17.9M | ||
| Q1 25 | $83.1M | $46.9M | ||
| Q4 24 | $260.9M | $61.1M | ||
| Q3 24 | $102.8M | $41.5M | ||
| Q2 24 | $37.1M | $34.5M | ||
| Q1 24 | $70.9M | $33.4M |
自由现金流ESBATGLS
| Q4 25 | $50.6M | $11.4M | ||
| Q3 25 | $72.8M | $21.2M | ||
| Q2 25 | $-55.1M | $-14.7M | ||
| Q1 25 | $41.1M | $16.5M | ||
| Q4 24 | $88.0M | $35.4M | ||
| Q3 24 | $-65.1M | $17.8M | ||
| Q2 24 | $19.5M | $14.2M | ||
| Q1 24 | $23.2M | $23.6M |
自由现金流率ESBATGLS
| Q4 25 | 25.4% | 4.7% | ||
| Q3 25 | 36.8% | 8.2% | ||
| Q2 25 | -28.8% | -5.7% | ||
| Q1 25 | 22.8% | 7.4% | ||
| Q4 24 | 44.5% | 14.8% | ||
| Q3 24 | -32.6% | 7.5% | ||
| Q2 24 | 10.3% | 6.5% | ||
| Q1 24 | 12.8% | 12.2% |
资本支出强度ESBATGLS
| Q4 25 | 99.6% | 8.0% | ||
| Q3 25 | 16.5% | 7.2% | ||
| Q2 25 | 42.8% | 12.7% | ||
| Q1 25 | 23.4% | 13.7% | ||
| Q4 24 | 87.5% | 10.7% | ||
| Q3 24 | 84.1% | 9.9% | ||
| Q2 24 | 9.3% | 9.2% | ||
| Q1 24 | 26.3% | 5.1% |
现金转化率ESBATGLS
| Q4 25 | 7.74× | 1.19× | ||
| Q3 25 | 7.72× | 0.85× | ||
| Q2 25 | 2.35× | 0.41× | ||
| Q1 25 | 5.27× | 1.11× | ||
| Q4 24 | 13.88× | 1.30× | ||
| Q3 24 | 4.51× | 0.84× | ||
| Q2 24 | 1.30× | 0.98× | ||
| Q1 24 | 6.94× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
