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Essex Property Trust（ESS）与Madison Square Garden Entertainment Corp.（MSGE）财务数据对比。点击上方公司名可切换其他公司
Essex Property Trust的季度营收约是Madison Square Garden Entertainment Corp.的1.1倍（$479.6M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 17.9%，领先3.9%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 5.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 6.0%）
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
ESS vs MSGE — 直观对比
营收规模更大
ESS
是对方的1.1倍
$424.8M
营收增速更快
MSGE
高出7.0%
5.5%
净利率更高
MSGE
高出3.9%
17.9%
两年增速更快
MSGE
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $424.8M |
| 净利润 | $85.7M | $92.7M |
| 毛利率 | 70.0% | — |
| 营业利润率 | 31.7% | 38.6% |
| 净利率 | 17.9% | 21.8% |
| 营收同比 | 5.5% | 12.5% |
| 净利润同比 | -71.6% | 22.2% |
| 每股收益（稀释后） | $1.24 | $1.94 |
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ESSMSGE
| Q4 25 | $479.6M | $424.8M | ||
| Q3 25 | $473.3M | $154.1M | ||
| Q2 25 | $469.8M | $145.1M | ||
| Q1 25 | $464.6M | $206.0M | ||
| Q4 24 | $454.5M | $377.6M | ||
| Q3 24 | $450.7M | $134.1M | ||
| Q2 24 | $442.4M | $177.6M | ||
| Q1 24 | $426.9M | $191.6M |
净利润ESSMSGE
| Q4 25 | $85.7M | $92.7M | ||
| Q3 25 | $172.7M | $-21.7M | ||
| Q2 25 | $231.5M | $-27.2M | ||
| Q1 25 | $212.8M | $8.0M | ||
| Q4 24 | $301.7M | $75.9M | ||
| Q3 24 | $125.5M | $-19.3M | ||
| Q2 24 | $99.0M | $66.9M | ||
| Q1 24 | $285.1M | $2.8M |
毛利率ESSMSGE
| Q4 25 | 70.0% | — | ||
| Q3 25 | 69.2% | — | ||
| Q2 25 | 70.7% | — | ||
| Q1 25 | 69.6% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | — | ||
| Q2 24 | 70.8% | — | ||
| Q1 24 | 69.7% | — |
营业利润率ESSMSGE
| Q4 25 | 31.7% | 38.6% | ||
| Q3 25 | 44.5% | -19.3% | ||
| Q2 25 | 59.5% | -17.7% | ||
| Q1 25 | 55.3% | 13.3% | ||
| Q4 24 | 67.0% | 36.8% | ||
| Q3 24 | 28.6% | -13.8% | ||
| Q2 24 | 31.1% | -5.0% | ||
| Q1 24 | 31.0% | 8.8% |
净利率ESSMSGE
| Q4 25 | 17.9% | 21.8% | ||
| Q3 25 | 36.5% | -14.0% | ||
| Q2 25 | 49.3% | -18.7% | ||
| Q1 25 | 45.8% | 3.9% | ||
| Q4 24 | 66.4% | 20.1% | ||
| Q3 24 | 27.8% | -14.4% | ||
| Q2 24 | 22.4% | 37.7% | ||
| Q1 24 | 66.8% | 1.5% |
每股收益（稀释后）ESSMSGE
| Q4 25 | $1.24 | $1.94 | ||
| Q3 25 | $2.56 | $-0.46 | ||
| Q2 25 | $3.44 | $-0.56 | ||
| Q1 25 | $3.16 | $0.17 | ||
| Q4 24 | $4.00 | $1.56 | ||
| Q3 24 | $1.84 | $-0.40 | ||
| Q2 24 | $1.45 | $1.32 | ||
| Q1 24 | $4.25 | $0.06 |
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 | $76.2M | $157.1M |
| 总债务越低越好 | — | $554.6M |
| 股东权益账面价值 | $5.5B | $36.0M |
| 总资产 | $13.2B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 15.40× |
8季度趋势，按日历期对齐
现金及短期投资ESSMSGE
| Q4 25 | $76.2M | $157.1M | ||
| Q3 25 | $66.0M | $29.9M | ||
| Q2 25 | $58.7M | $43.0M | ||
| Q1 25 | $98.7M | $89.0M | ||
| Q4 24 | $66.8M | $54.9M | ||
| Q3 24 | $71.3M | $37.3M | ||
| Q2 24 | $55.2M | $33.3M | ||
| Q1 24 | $499.0M | $28.0M |
总债务ESSMSGE
| Q4 25 | — | $554.6M | ||
| Q3 25 | $6.4B | $581.7M | ||
| Q2 25 | $6.4B | $568.8M | ||
| Q1 25 | $6.8B | $577.4M | ||
| Q4 24 | — | $584.7M | ||
| Q3 24 | $6.4B | $647.0M | ||
| Q2 24 | $6.2B | $599.2M | ||
| Q1 24 | $6.6B | $602.5M |
股东权益ESSMSGE
| Q4 25 | $5.5B | $36.0M | ||
| Q3 25 | $5.6B | $-65.8M | ||
| Q2 25 | $5.6B | $-13.3M | ||
| Q1 25 | $5.6B | $9.5M | ||
| Q4 24 | $5.5B | $10.3M | ||
| Q3 24 | $5.4B | $-48.7M | ||
| Q2 24 | $5.5B | $-23.2M | ||
| Q1 24 | $5.5B | $-94.6M |
总资产ESSMSGE
| Q4 25 | $13.2B | $1.8B | ||
| Q3 25 | $13.2B | $1.7B | ||
| Q2 25 | $13.2B | $1.7B | ||
| Q1 25 | $13.2B | $1.7B | ||
| Q4 24 | $12.9B | $1.6B | ||
| Q3 24 | $12.6B | $1.6B | ||
| Q2 24 | $12.5B | $1.6B | ||
| Q1 24 | $12.9B | $1.5B |
负债/权益比ESSMSGE
| Q4 25 | — | 15.40× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | 60.61× | ||
| Q4 24 | — | 56.61× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $1.1B | $164.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 12.53× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ESSMSGE
| Q4 25 | $1.1B | $164.4M | ||
| Q3 25 | $342.6M | $19.8M | ||
| Q2 25 | $216.1M | $-27.0M | ||
| Q1 25 | $281.5M | $56.8M | ||
| Q4 24 | $1.1B | $112.9M | ||
| Q3 24 | $316.2M | $-27.4M | ||
| Q2 24 | $218.9M | $212.0K | ||
| Q1 24 | $314.9M | $5.8M |
现金转化率ESSMSGE
| Q4 25 | 12.53× | 1.77× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | 7.07× | ||
| Q4 24 | 3.54× | 1.49× | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 0.00× | ||
| Q1 24 | 1.10× | 2.08× |
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
ESS
暂无分部数据
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
