vs
Empire State Realty Trust, Inc.（ESRT）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.1倍（$190.3M vs $179.7M），Empire State Realty Trust, Inc.净利率更高（1.6% vs -29.5%，领先31.0%），Rocket Lab Corp同比增速更快（35.7% vs 5.7%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
ESRT vs RKLB — 直观对比
营收规模更大
ESRT
是对方的1.1倍
$179.7M
营收增速更快
RKLB
高出30.0%
5.7%
净利率更高
ESRT
高出31.0%
-29.5%
两年增速更快
RKLB
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $190.3M | $179.7M |
| 净利润 | $3.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 15.5% | -28.4% |
| 净利率 | 1.6% | -29.5% |
| 营收同比 | 5.7% | 35.7% |
| 净利润同比 | -73.7% | -1.1% |
| 每股收益（稀释后） | $0.20 | $-0.09 |
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ESRTRKLB
| Q1 26 | $190.3M | — | ||
| Q4 25 | $199.2M | $179.7M | ||
| Q3 25 | $197.7M | $155.1M | ||
| Q2 25 | $191.3M | $144.5M | ||
| Q1 25 | $180.1M | $122.6M | ||
| Q4 24 | $197.6M | $132.4M | ||
| Q3 24 | $199.6M | $104.8M | ||
| Q2 24 | $189.5M | $106.3M |
净利润ESRTRKLB
| Q1 26 | $3.0M | — | ||
| Q4 25 | $32.2M | $-52.9M | ||
| Q3 25 | $13.6M | $-18.3M | ||
| Q2 25 | $11.4M | $-66.4M | ||
| Q1 25 | $15.8M | $-60.6M | ||
| Q4 24 | $18.8M | $-52.3M | ||
| Q3 24 | $22.8M | $-51.9M | ||
| Q2 24 | $28.6M | $-41.6M |
毛利率ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率ESRTRKLB
| Q1 26 | 15.5% | — | ||
| Q4 25 | 17.8% | -28.4% | ||
| Q3 25 | 19.9% | -38.0% | ||
| Q2 25 | 18.4% | -41.3% | ||
| Q1 25 | 14.3% | -48.3% | ||
| Q4 24 | 21.7% | -38.9% | ||
| Q3 24 | 22.7% | -49.5% | ||
| Q2 24 | 20.8% | -40.7% |
净利率ESRTRKLB
| Q1 26 | 1.6% | — | ||
| Q4 25 | 16.1% | -29.5% | ||
| Q3 25 | 6.9% | -11.8% | ||
| Q2 25 | 6.0% | -46.0% | ||
| Q1 25 | 8.8% | -49.5% | ||
| Q4 24 | 9.5% | -39.5% | ||
| Q3 24 | 11.4% | -49.6% | ||
| Q2 24 | 15.1% | -39.2% |
每股收益（稀释后）ESRTRKLB
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.11 | $-0.09 | ||
| Q3 25 | $0.05 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | $0.05 | $-0.12 | ||
| Q4 24 | $0.07 | $-0.11 | ||
| Q3 24 | $0.08 | $-0.10 | ||
| Q2 24 | $0.10 | $-0.08 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $1.8B | $1.7B |
| 总资产 | $4.4B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ESRTRKLB
| Q1 26 | $68.8M | — | ||
| Q4 25 | $132.7M | $1.0B | ||
| Q3 25 | $154.1M | $976.7M | ||
| Q2 25 | $94.6M | $688.1M | ||
| Q1 25 | $187.8M | $428.4M | ||
| Q4 24 | $385.5M | $419.0M | ||
| Q3 24 | $421.9M | $442.4M | ||
| Q2 24 | $535.5M | $496.8M |
总债务ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益ESRTRKLB
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $688.5M | ||
| Q1 25 | $1.0B | $431.3M | ||
| Q4 24 | $1.0B | $382.5M | ||
| Q3 24 | $1.0B | $419.8M | ||
| Q2 24 | $1.0B | $455.2M |
总资产ESRTRKLB
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.5B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $4.1B | $1.6B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.4B | $1.2B | ||
| Q2 24 | $4.4B | $1.2B |
负债/权益比ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | 10.0% | 27.6% |
| 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | $249.1M | $-64.5M | ||
| Q3 25 | $105.3M | $-23.5M | ||
| Q2 25 | $26.7M | $-23.2M | ||
| Q1 25 | $83.1M | $-54.2M | ||
| Q4 24 | $260.9M | $-2.4M | ||
| Q3 24 | $102.8M | $-30.9M | ||
| Q2 24 | $37.1M | $-13.0M |
自由现金流ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | $50.6M | $-114.2M | ||
| Q3 25 | $72.8M | $-69.4M | ||
| Q2 25 | $-55.1M | $-55.3M | ||
| Q1 25 | $41.1M | $-82.9M | ||
| Q4 24 | $88.0M | $-23.9M | ||
| Q3 24 | $-65.1M | $-41.9M | ||
| Q2 24 | $19.5M | $-28.3M |
自由现金流率ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | -63.6% | ||
| Q3 25 | 36.8% | -44.8% | ||
| Q2 25 | -28.8% | -38.3% | ||
| Q1 25 | 22.8% | -67.6% | ||
| Q4 24 | 44.5% | -18.1% | ||
| Q3 24 | -32.6% | -40.0% | ||
| Q2 24 | 10.3% | -26.7% |
资本支出强度ESRTRKLB
| Q1 26 | 10.0% | — | ||
| Q4 25 | 99.6% | 27.6% | ||
| Q3 25 | 16.5% | 29.6% | ||
| Q2 25 | 42.8% | 22.2% | ||
| Q1 25 | 23.4% | 23.4% | ||
| Q4 24 | 87.5% | 16.3% | ||
| Q3 24 | 84.1% | 10.5% | ||
| Q2 24 | 9.3% | 14.4% |
现金转化率ESRTRKLB
| Q1 26 | — | — | ||
| Q4 25 | 7.74× | — | ||
| Q3 25 | 7.72× | — | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | 13.88× | — | ||
| Q3 24 | 4.51× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
