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Empire State Realty Trust, Inc.（ESRT）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
百胜餐饮集团的季度营收约是Empire State Realty Trust, Inc.的1.1倍（$204.1M vs $190.3M），百胜餐饮集团净利率更高（8.9% vs 1.6%，领先7.3%），Empire State Realty Trust, Inc.同比增速更快（5.7% vs -5.2%），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
ESRT vs LCUT — 直观对比
营收规模更大
LCUT
是对方的1.1倍
$190.3M
营收增速更快
ESRT
高出10.9%
-5.2%
净利率更高
LCUT
高出7.3%
1.6%
两年增速更快
LCUT
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $190.3M | $204.1M |
| 净利润 | $3.0M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | 15.5% | 9.8% |
| 净利率 | 1.6% | 8.9% |
| 营收同比 | 5.7% | -5.2% |
| 净利润同比 | -73.7% | 103.5% |
| 每股收益（稀释后） | $0.20 | $0.83 |
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ESRTLCUT
| Q1 26 | $190.3M | — | ||
| Q4 25 | $199.2M | $204.1M | ||
| Q3 25 | $197.7M | $171.9M | ||
| Q2 25 | $191.3M | $131.9M | ||
| Q1 25 | $180.1M | $140.1M | ||
| Q4 24 | $197.6M | $215.2M | ||
| Q3 24 | $199.6M | $183.8M | ||
| Q2 24 | $189.5M | $141.7M |
净利润ESRTLCUT
| Q1 26 | $3.0M | — | ||
| Q4 25 | $32.2M | $18.2M | ||
| Q3 25 | $13.6M | $-1.2M | ||
| Q2 25 | $11.4M | $-39.7M | ||
| Q1 25 | $15.8M | $-4.2M | ||
| Q4 24 | $18.8M | $8.9M | ||
| Q3 24 | $22.8M | $344.0K | ||
| Q2 24 | $28.6M | $-18.2M |
毛利率ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% |
营业利润率ESRTLCUT
| Q1 26 | 15.5% | — | ||
| Q4 25 | 17.8% | 9.8% | ||
| Q3 25 | 19.9% | 3.9% | ||
| Q2 25 | 18.4% | -28.2% | ||
| Q1 25 | 14.3% | 0.8% | ||
| Q4 24 | 21.7% | 7.2% | ||
| Q3 24 | 22.7% | 4.7% | ||
| Q2 24 | 20.8% | 0.8% |
净利率ESRTLCUT
| Q1 26 | 1.6% | — | ||
| Q4 25 | 16.1% | 8.9% | ||
| Q3 25 | 6.9% | -0.7% | ||
| Q2 25 | 6.0% | -30.1% | ||
| Q1 25 | 8.8% | -3.0% | ||
| Q4 24 | 9.5% | 4.1% | ||
| Q3 24 | 11.4% | 0.2% | ||
| Q2 24 | 15.1% | -12.8% |
每股收益（稀释后）ESRTLCUT
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.11 | $0.83 | ||
| Q3 25 | $0.05 | $-0.05 | ||
| Q2 25 | $0.04 | $-1.83 | ||
| Q1 25 | $0.05 | $-0.19 | ||
| Q4 24 | $0.07 | $0.41 | ||
| Q3 24 | $0.08 | $0.02 | ||
| Q2 24 | $0.10 | $-0.85 |
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 | $4.3M |
| 总债务越低越好 | — | $135.0M |
| 股东权益账面价值 | $1.8B | $202.3M |
| 总资产 | $4.4B | $572.6M |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资ESRTLCUT
| Q1 26 | $68.8M | — | ||
| Q4 25 | $132.7M | $4.3M | ||
| Q3 25 | $154.1M | $12.1M | ||
| Q2 25 | $94.6M | $12.0M | ||
| Q1 25 | $187.8M | $10.4M | ||
| Q4 24 | $385.5M | $2.9M | ||
| Q3 24 | $421.9M | $6.0M | ||
| Q2 24 | $535.5M | $3.4M |
总债务ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | $135.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ESRTLCUT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.1B | $202.3M | ||
| Q3 25 | $1.0B | $184.6M | ||
| Q2 25 | $1.0B | $185.8M | ||
| Q1 25 | $1.0B | $225.7M | ||
| Q4 24 | $1.0B | $229.9M | ||
| Q3 24 | $1.0B | $220.9M | ||
| Q2 24 | $1.0B | $219.8M |
总资产ESRTLCUT
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.5B | $572.6M | ||
| Q3 25 | $4.1B | $581.1M | ||
| Q2 25 | $4.1B | $551.9M | ||
| Q1 25 | $4.1B | $594.6M | ||
| Q4 24 | $4.5B | $634.3M | ||
| Q3 24 | $4.4B | $668.7M | ||
| Q2 24 | $4.4B | $617.0M |
负债/权益比ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $3.7M |
| 自由现金流经营现金流 - 资本支出 | — | $2.6M |
| 自由现金流率自由现金流/营收 | — | 1.3% |
| 资本支出强度资本支出/营收 | 10.0% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | — | $3.3M |
8季度趋势，按日历期对齐
经营现金流ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $3.7M | ||
| Q3 25 | $105.3M | $-22.2M | ||
| Q2 25 | $26.7M | $9.3M | ||
| Q1 25 | $83.1M | $16.7M | ||
| Q4 24 | $260.9M | $20.3M | ||
| Q3 24 | $102.8M | $-22.7M | ||
| Q2 24 | $37.1M | $10.4M |
自由现金流ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $2.6M | ||
| Q3 25 | $72.8M | $-22.7M | ||
| Q2 25 | $-55.1M | $8.2M | ||
| Q1 25 | $41.1M | $15.1M | ||
| Q4 24 | $88.0M | $19.7M | ||
| Q3 24 | $-65.1M | $-23.2M | ||
| Q2 24 | $19.5M | $9.9M |
自由现金流率ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 1.3% | ||
| Q3 25 | 36.8% | -13.2% | ||
| Q2 25 | -28.8% | 6.2% | ||
| Q1 25 | 22.8% | 10.8% | ||
| Q4 24 | 44.5% | 9.1% | ||
| Q3 24 | -32.6% | -12.6% | ||
| Q2 24 | 10.3% | 7.0% |
资本支出强度ESRTLCUT
| Q1 26 | 10.0% | — | ||
| Q4 25 | 99.6% | 0.6% | ||
| Q3 25 | 16.5% | 0.3% | ||
| Q2 25 | 42.8% | 0.9% | ||
| Q1 25 | 23.4% | 1.1% | ||
| Q4 24 | 87.5% | 0.3% | ||
| Q3 24 | 84.1% | 0.3% | ||
| Q2 24 | 9.3% | 0.4% |
现金转化率ESRTLCUT
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | 0.21× | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | 2.28× | ||
| Q3 24 | 4.51× | -65.89× | ||
| Q2 24 | 1.30× | — |
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
