vs
Empire State Realty Trust, Inc.（ESRT）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是Empire State Realty Trust, Inc.的1.0倍（$193.5M vs $190.3M），Empire State Realty Trust, Inc.同比增速更快（5.7% vs 2.8%），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
ESRT vs MCS — 直观对比
营收规模更大
MCS
是对方的1.0倍
$190.3M
营收增速更快
ESRT
高出2.9%
2.8%
两年增速更快
MCS
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $190.3M | $193.5M |
| 净利润 | $3.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 15.5% | 0.9% |
| 净利率 | 1.6% | — |
| 营收同比 | 5.7% | 2.8% |
| 净利润同比 | -73.7% | — |
| 每股收益（稀释后） | $0.20 | — |
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ESRTMCS
| Q1 26 | $190.3M | — | ||
| Q4 25 | $199.2M | $193.5M | ||
| Q3 25 | $197.7M | $210.2M | ||
| Q2 25 | $191.3M | $206.0M | ||
| Q1 25 | $180.1M | $148.8M | ||
| Q4 24 | $197.6M | $188.3M | ||
| Q3 24 | $199.6M | $232.7M | ||
| Q2 24 | $189.5M | $176.0M |
净利润ESRTMCS
| Q1 26 | $3.0M | — | ||
| Q4 25 | $32.2M | — | ||
| Q3 25 | $13.6M | $16.2M | ||
| Q2 25 | $11.4M | $7.3M | ||
| Q1 25 | $15.8M | $-16.8M | ||
| Q4 24 | $18.8M | $986.0K | ||
| Q3 24 | $22.8M | $23.3M | ||
| Q2 24 | $28.6M | $-20.2M |
营业利润率ESRTMCS
| Q1 26 | 15.5% | — | ||
| Q4 25 | 17.8% | 0.9% | ||
| Q3 25 | 19.9% | 10.8% | ||
| Q2 25 | 18.4% | 6.3% | ||
| Q1 25 | 14.3% | -13.7% | ||
| Q4 24 | 21.7% | -1.2% | ||
| Q3 24 | 22.7% | 14.1% | ||
| Q2 24 | 20.8% | 1.3% |
净利率ESRTMCS
| Q1 26 | 1.6% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 6.9% | 7.7% | ||
| Q2 25 | 6.0% | 3.6% | ||
| Q1 25 | 8.8% | -11.3% | ||
| Q4 24 | 9.5% | 0.5% | ||
| Q3 24 | 11.4% | 10.0% | ||
| Q2 24 | 15.1% | -11.5% |
每股收益（稀释后）ESRTMCS
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.10 | — |
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 | $23.4M |
| 总债务越低越好 | — | $159.0M |
| 股东权益账面价值 | $1.8B | $457.4M |
| 总资产 | $4.4B | $1.0B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ESRTMCS
| Q1 26 | $68.8M | — | ||
| Q4 25 | $132.7M | $23.4M | ||
| Q3 25 | $154.1M | $7.4M | ||
| Q2 25 | $94.6M | $14.9M | ||
| Q1 25 | $187.8M | $11.9M | ||
| Q4 24 | $385.5M | $40.8M | ||
| Q3 24 | $421.9M | $28.4M | ||
| Q2 24 | $535.5M | $32.8M |
总债务ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $162.0M | ||
| Q2 25 | — | $179.9M | ||
| Q1 25 | — | $198.9M | ||
| Q4 24 | — | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M |
股东权益ESRTMCS
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.1B | $457.4M | ||
| Q3 25 | $1.0B | $454.3M | ||
| Q2 25 | $1.0B | $448.4M | ||
| Q1 25 | $1.0B | $441.8M | ||
| Q4 24 | $1.0B | $464.9M | ||
| Q3 24 | $1.0B | $462.3M | ||
| Q2 24 | $1.0B | $449.4M |
总资产ESRTMCS
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.5B | $1.0B | ||
| Q3 25 | $4.1B | $1.0B | ||
| Q2 25 | $4.1B | $1.0B | ||
| Q1 25 | $4.1B | $1.0B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.4B | $1.0B | ||
| Q2 24 | $4.4B | $1.1B |
负债/权益比ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — | $48.8M |
| 自由现金流经营现金流 - 资本支出 | — | $26.4M |
| 自由现金流率自由现金流/营收 | — | 13.6% |
| 资本支出强度资本支出/营收 | 10.0% | 11.6% |
| 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 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $48.8M | ||
| Q3 25 | $105.3M | $39.1M | ||
| Q2 25 | $26.7M | $31.6M | ||
| Q1 25 | $83.1M | $-35.3M | ||
| Q4 24 | $260.9M | $52.6M | ||
| Q3 24 | $102.8M | $30.5M | ||
| Q2 24 | $37.1M | $36.0M |
自由现金流ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $26.4M | ||
| Q3 25 | $72.8M | $18.2M | ||
| Q2 25 | $-55.1M | $14.7M | ||
| Q1 25 | $41.1M | $-58.3M | ||
| Q4 24 | $88.0M | $27.1M | ||
| Q3 24 | $-65.1M | $12.0M | ||
| Q2 24 | $19.5M | $16.1M |
自由现金流率ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | 13.6% | ||
| Q3 25 | 36.8% | 8.7% | ||
| Q2 25 | -28.8% | 7.1% | ||
| Q1 25 | 22.8% | -39.2% | ||
| Q4 24 | 44.5% | 14.4% | ||
| Q3 24 | -32.6% | 5.2% | ||
| Q2 24 | 10.3% | 9.2% |
资本支出强度ESRTMCS
| Q1 26 | 10.0% | — | ||
| Q4 25 | 99.6% | 11.6% | ||
| Q3 25 | 16.5% | 9.9% | ||
| Q2 25 | 42.8% | 8.2% | ||
| Q1 25 | 23.4% | 15.5% | ||
| Q4 24 | 87.5% | 13.5% | ||
| Q3 24 | 84.1% | 7.9% | ||
| Q2 24 | 9.3% | 11.3% |
现金转化率ESRTMCS
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | 2.41× | ||
| Q2 25 | 2.35× | 4.32× | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | 53.31× | ||
| Q3 24 | 4.51× | 1.31× | ||
| 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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
