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Empire State Realty Trust, Inc.（ESRT）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
Empire State Realty Trust, Inc.的季度营收约是弗雷斯特研究公司的1.9倍（$190.3M vs $101.1M），Empire State Realty Trust, Inc.净利率更高（1.6% vs -33.5%，领先35.1%），Empire State Realty Trust, Inc.同比增速更快（5.7% vs -6.5%），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs 0.2%）
帝国州房地产信托是一家美国房地产投资信托企业，持有并运营纽约大都会区的优质办公、零售及住宅物业，旗下资产包括地标性建筑帝国大厦，主打可持续运营模式，服务各类租户及住户，专注实现长期资产增值。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
ESRT vs FORR — 直观对比
营收规模更大
ESRT
是对方的1.9倍
$101.1M
营收增速更快
ESRT
高出12.2%
-6.5%
净利率更高
ESRT
高出35.1%
-33.5%
两年增速更快
FORR
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $190.3M | $101.1M |
| 净利润 | $3.0M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 15.5% | -36.6% |
| 净利率 | 1.6% | -33.5% |
| 营收同比 | 5.7% | -6.5% |
| 净利润同比 | -73.7% | -7941.4% |
| 每股收益（稀释后） | $0.20 | $-1.75 |
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ESRTFORR
| Q1 26 | $190.3M | — | ||
| Q4 25 | $199.2M | $101.1M | ||
| Q3 25 | $197.7M | $94.3M | ||
| Q2 25 | $191.3M | $111.7M | ||
| Q1 25 | $180.1M | $89.9M | ||
| Q4 24 | $197.6M | $108.0M | ||
| Q3 24 | $199.6M | $102.5M | ||
| Q2 24 | $189.5M | $121.8M |
净利润ESRTFORR
| Q1 26 | $3.0M | — | ||
| Q4 25 | $32.2M | $-33.9M | ||
| Q3 25 | $13.6M | $-2.1M | ||
| Q2 25 | $11.4M | $3.9M | ||
| Q1 25 | $15.8M | $-87.3M | ||
| Q4 24 | $18.8M | $432.0K | ||
| Q3 24 | $22.8M | $-5.8M | ||
| Q2 24 | $28.6M | $6.3M |
毛利率ESRTFORR
| Q1 26 | — | — | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% |
营业利润率ESRTFORR
| Q1 26 | 15.5% | — | ||
| Q4 25 | 17.8% | -36.6% | ||
| Q3 25 | 19.9% | 4.7% | ||
| Q2 25 | 18.4% | 6.2% | ||
| Q1 25 | 14.3% | -97.5% | ||
| Q4 24 | 21.7% | -0.5% | ||
| Q3 24 | 22.7% | -0.7% | ||
| Q2 24 | 20.8% | 9.3% |
净利率ESRTFORR
| Q1 26 | 1.6% | — | ||
| Q4 25 | 16.1% | -33.5% | ||
| Q3 25 | 6.9% | -2.3% | ||
| Q2 25 | 6.0% | 3.5% | ||
| Q1 25 | 8.8% | -97.1% | ||
| Q4 24 | 9.5% | 0.4% | ||
| Q3 24 | 11.4% | -5.7% | ||
| Q2 24 | 15.1% | 5.2% |
每股收益（稀释后）ESRTFORR
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.11 | $-1.75 | ||
| Q3 25 | $0.05 | $-0.11 | ||
| Q2 25 | $0.04 | $0.20 | ||
| Q1 25 | $0.05 | $-4.62 | ||
| Q4 24 | $0.07 | $0.02 | ||
| Q3 24 | $0.08 | $-0.30 | ||
| Q2 24 | $0.10 | $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 | $68.8M | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.8B | $126.5M |
| 总资产 | $4.4B | $404.0M |
| 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ESRTFORR
| Q1 26 | $68.8M | — | ||
| Q4 25 | $132.7M | $63.3M | ||
| Q3 25 | $154.1M | $65.1M | ||
| Q2 25 | $94.6M | $67.8M | ||
| Q1 25 | $187.8M | $75.6M | ||
| Q4 24 | $385.5M | $56.1M | ||
| Q3 24 | $421.9M | $62.8M | ||
| Q2 24 | $535.5M | $58.9M |
股东权益ESRTFORR
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.1B | $126.5M | ||
| Q3 25 | $1.0B | $157.7M | ||
| Q2 25 | $1.0B | $159.5M | ||
| Q1 25 | $1.0B | $147.4M | ||
| Q4 24 | $1.0B | $229.5M | ||
| Q3 24 | $1.0B | $234.3M | ||
| Q2 24 | $1.0B | $237.1M |
总资产ESRTFORR
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.5B | $404.0M | ||
| Q3 25 | $4.1B | $414.2M | ||
| Q2 25 | $4.1B | $436.0M | ||
| Q1 25 | $4.1B | $439.8M | ||
| Q4 24 | $4.5B | $503.9M | ||
| Q3 24 | $4.4B | $505.3M | ||
| Q2 24 | $4.4B | $524.2M |
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 | — | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.3M |
| 自由现金流率自由现金流/营收 | — | -4.2% |
| 资本支出强度资本支出/营收 | 10.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $18.1M |
8季度趋势，按日历期对齐
经营现金流ESRTFORR
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $-3.2M | ||
| Q3 25 | $105.3M | $1.2M | ||
| Q2 25 | $26.7M | $-3.6M | ||
| Q1 25 | $83.1M | $26.7M | ||
| Q4 24 | $260.9M | $-1.8M | ||
| Q3 24 | $102.8M | $264.0K | ||
| Q2 24 | $37.1M | $-2.9M |
自由现金流ESRTFORR
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $-4.3M | ||
| Q3 25 | $72.8M | $524.0K | ||
| Q2 25 | $-55.1M | $-4.2M | ||
| Q1 25 | $41.1M | $26.1M | ||
| Q4 24 | $88.0M | $-2.5M | ||
| Q3 24 | $-65.1M | $-223.0K | ||
| Q2 24 | $19.5M | $-3.7M |
自由现金流率ESRTFORR
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | -4.2% | ||
| Q3 25 | 36.8% | 0.6% | ||
| Q2 25 | -28.8% | -3.8% | ||
| Q1 25 | 22.8% | 29.0% | ||
| Q4 24 | 44.5% | -2.3% | ||
| Q3 24 | -32.6% | -0.2% | ||
| Q2 24 | 10.3% | -3.1% |
资本支出强度ESRTFORR
| Q1 26 | 10.0% | — | ||
| Q4 25 | 99.6% | 1.1% | ||
| Q3 25 | 16.5% | 0.7% | ||
| Q2 25 | 42.8% | 0.5% | ||
| Q1 25 | 23.4% | 0.7% | ||
| Q4 24 | 87.5% | 0.6% | ||
| Q3 24 | 84.1% | 0.5% | ||
| Q2 24 | 9.3% | 0.7% |
现金转化率ESRTFORR
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | -0.93× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | -4.24× | ||
| Q3 24 | 4.51× | — | ||
| Q2 24 | 1.30× | -0.46× |
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
ESRT
| Rental revenue (1) | $166.1M | 87% |
| Observatory revenue | $18.5M | 10% |
| Other revenue and fees | $4.1M | 2% |
| Lease termination fees | $1.4M | 1% |
| Third-party management and other fees | $277.0K | 0% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
