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Empire State Realty OP, L.P.（ESBA）与Thryv Holdings, Inc.（THRY）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Thryv Holdings, Inc.的1.2倍（$199.2M vs $167.7M），Empire State Realty OP, L.P.净利率更高（16.1% vs 2.7%，领先13.4%），Empire State Realty OP, L.P.同比增速更快（0.8% vs -7.5%），Empire State Realty OP, L.P.自由现金流更多（$50.6M vs $-5.5M），过去两年Empire State Realty OP, L.P.的营收复合增速更高（4.9% vs -13.5%）
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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
ESBA vs THRY — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.2M | $167.7M |
| 净利润 | $32.2M | $4.5M |
| 毛利率 | — | 65.2% |
| 营业利润率 | 17.8% | 37.3% |
| 净利率 | 16.1% | 2.7% |
| 营收同比 | 0.8% | -7.5% |
| 净利润同比 | 71.2% | 147.2% |
| 每股收益（稀释后） | $0.11 | $0.10 |
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
| Q1 26 | — | $167.7M | ||
| Q4 25 | $199.2M | $191.6M | ||
| Q3 25 | $197.7M | $201.6M | ||
| Q2 25 | $191.3M | $210.5M | ||
| Q1 25 | $180.1M | $181.4M | ||
| Q4 24 | $197.6M | $186.6M | ||
| Q3 24 | $199.6M | $179.9M | ||
| Q2 24 | $189.5M | $224.1M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $32.2M | $-9.7M | ||
| Q3 25 | $13.6M | $5.7M | ||
| Q2 25 | $11.4M | $13.9M | ||
| Q1 25 | $15.8M | $-9.6M | ||
| Q4 24 | $18.8M | $7.9M | ||
| Q3 24 | $22.8M | $-96.1M | ||
| Q2 24 | $28.6M | $5.5M |
| Q1 26 | — | 65.2% | ||
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 69.7% | ||
| Q1 25 | — | 65.8% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 62.3% | ||
| Q2 24 | — | 66.3% |
| Q1 26 | — | 37.3% | ||
| Q4 25 | 17.8% | 5.3% | ||
| Q3 25 | 19.9% | 9.9% | ||
| Q2 25 | 18.4% | 14.0% | ||
| Q1 25 | 14.3% | -1.7% | ||
| Q4 24 | 21.7% | -3.9% | ||
| Q3 24 | 22.7% | -49.2% | ||
| Q2 24 | 20.8% | 14.0% |
| Q1 26 | — | 2.7% | ||
| Q4 25 | 16.1% | -5.0% | ||
| Q3 25 | 6.9% | 2.8% | ||
| Q2 25 | 6.0% | 6.6% | ||
| Q1 25 | 8.8% | -5.3% | ||
| Q4 24 | 9.5% | 4.2% | ||
| Q3 24 | 11.4% | -53.4% | ||
| Q2 24 | 15.1% | 2.5% |
| Q1 26 | — | $0.10 | ||
| Q4 25 | $0.11 | $-0.21 | ||
| Q3 25 | $0.05 | $0.13 | ||
| Q2 25 | $0.04 | $0.31 | ||
| Q1 25 | $0.05 | $-0.22 | ||
| Q4 24 | $0.07 | $0.28 | ||
| Q3 24 | $0.08 | $-2.65 | ||
| Q2 24 | $0.10 | $0.15 |
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 | $8.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $225.4M |
| 总资产 | $4.5B | $693.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $8.0M | ||
| Q4 25 | $132.7M | $10.8M | ||
| Q3 25 | $154.1M | $11.6M | ||
| Q2 25 | $94.6M | $10.8M | ||
| Q1 25 | $187.8M | $11.0M | ||
| Q4 24 | $385.5M | $16.3M | ||
| Q3 24 | $421.9M | $12.5M | ||
| Q2 24 | $535.5M | $15.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $253.5M | ||
| Q3 25 | — | $268.2M | ||
| Q2 25 | — | $275.6M | ||
| Q1 25 | — | $299.0M | ||
| Q4 24 | — | $284.3M | ||
| Q3 24 | — | $307.8M | ||
| Q2 24 | — | $342.1M |
| Q1 26 | — | $225.4M | ||
| Q4 25 | — | $218.1M | ||
| Q3 25 | — | $221.1M | ||
| Q2 25 | — | $214.9M | ||
| Q1 25 | — | $193.2M | ||
| Q4 24 | — | $196.9M | ||
| Q3 24 | — | $94.5M | ||
| Q2 24 | — | $183.1M |
| Q1 26 | — | $693.7M | ||
| Q4 25 | $4.5B | $688.6M | ||
| Q3 25 | $4.1B | $701.8M | ||
| Q2 25 | $4.1B | $687.7M | ||
| Q1 25 | $4.1B | $703.7M | ||
| Q4 24 | $4.5B | $712.2M | ||
| Q3 24 | $4.4B | $654.8M | ||
| Q2 24 | $4.4B | $785.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 3.26× | ||
| Q2 24 | — | 1.87× |
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 | $-5.5M |
| 自由现金流率自由现金流/营收 | 25.4% | -3.3% |
| 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 | $43.3M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $22.2M | ||
| Q3 25 | $105.3M | $22.2M | ||
| Q2 25 | $26.7M | $29.6M | ||
| Q1 25 | $83.1M | $-10.5M | ||
| Q4 24 | $260.9M | $26.1M | ||
| Q3 24 | $102.8M | $36.0M | ||
| Q2 24 | $37.1M | $22.2M |
| Q1 26 | — | $-5.5M | ||
| Q4 25 | $50.6M | $12.3M | ||
| Q3 25 | $72.8M | $14.6M | ||
| Q2 25 | $-55.1M | $21.8M | ||
| Q1 25 | $41.1M | $-17.6M | ||
| Q4 24 | $88.0M | $17.3M | ||
| Q3 24 | $-65.1M | $27.5M | ||
| Q2 24 | $19.5M | $13.3M |
| Q1 26 | — | -3.3% | ||
| Q4 25 | 25.4% | 6.4% | ||
| Q3 25 | 36.8% | 7.2% | ||
| Q2 25 | -28.8% | 10.4% | ||
| Q1 25 | 22.8% | -9.7% | ||
| Q4 24 | 44.5% | 9.3% | ||
| Q3 24 | -32.6% | 15.3% | ||
| Q2 24 | 10.3% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 99.6% | 5.2% | ||
| Q3 25 | 16.5% | 3.8% | ||
| Q2 25 | 42.8% | 3.7% | ||
| Q1 25 | 23.4% | 3.9% | ||
| Q4 24 | 87.5% | 4.7% | ||
| Q3 24 | 84.1% | 4.7% | ||
| Q2 24 | 9.3% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 3.93× | ||
| Q2 25 | 2.35× | 2.12× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | 3.32× | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 1.30× | 4.01× |
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% |
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
