Fundies.
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EMPIRE STATE REALTY TRUST, INC.

EDGAR
ESBA Quarterly report (10-Q) · filed 2026-08-06

Annual consolidated revenue for 2025: about USD 766.8M, using the latest reported figures. The previous period, 2024, was about USD 766.8M.

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Latest quarter

Revenue

197 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-70.54%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -138713000 USD Source
  • Revenue: 196631000 USD Source

Operating cash flow

19.5 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 88452000 USD Source
  • Operating Cash Flow: 68910000 USD Source
Cash and cash equivalents
85.6 million USD Source
Exact value

85605000 USD

Long-term debt including current maturities
606 million USD Source
Exact value

606313000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

783 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 197326000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 766787000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 567803000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 190048000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 196631000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-27.1 million USD

2020-01-01 – 2020-12-31

Exact inputs and evidence
  • Net income: 7238000 USD · 2020-01-01 – 2020-03-31 Source
  • Net income: -20665000 USD · 2020-04-01 – 2020-06-30 Source
  • Net income: -13319000 USD · 2020-07-01 – 2020-09-30 Source
  • Net income: -340000 USD · 2020-10-01 – 2020-12-31 Source

Operating cash flow

228 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 215154000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 109861000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 249052000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 215154000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 68910000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 88452000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 68910000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 4 of 11 periods available· newest 2018-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 4 of 11 periods available· newest 2018-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    0%

    Prior period

    USD 766.75 million

    –

    Current period

    USD 766.79 million

    –

    Exact inputs and evidence

    766787000 − 766753000 = 34000 USD

    766753000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    766787000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -4.5%

    Prior period

    USD 260.89 million

    –

    Current period

    USD 249.05 million

    –

    Exact inputs and evidence

    249052000 − 260892000 = -11840000 USD

    260892000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    249052000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Net income, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 766.79 million 100% of revenue
  • Operating costs Derived USD 631.14 million 82% of revenue
  • Operating income USD 135.65 million 18% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow USD 249.05 million 32% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 16%11%73%
  • 2017 17%11%73%
  • 2018 16%10%74%
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31677353000 493457000 Derived 183896000 77582000 Derived 106314000 Unavailable
Source
2017 2017-01-01 – 2017-12-31709526000 516623000 Derived 192903000 75586000 Derived 117317000 Unavailable
Source
2018 2018-01-01 – 2018-12-31731511000 540654000 Derived 190857000 74540000 Derived 116317000 Unavailable
Source
2019 2019-01-01 – 2019-12-31731343000 576637000 Derived 154706000 UnavailableUnavailableUnavailable
Source
2020 2020-01-01 – 2020-12-31609228000 550567000 Derived 58661000 UnavailableUnavailableUnavailable
Source
2021 2021-01-01 – 2021-12-31624094000 544961000 Derived 79133000 UnavailableUnavailableUnavailable
Source
2022 2022-01-01 – 2022-12-31725680000 598652000 Derived 127028000 UnavailableUnavailableUnavailable
Source
2023 2023-01-01 – 2023-12-31738221000 591515000 Derived 146706000 UnavailableUnavailableUnavailable
Source
2024 2024-01-01 – 2024-12-31766753000 608043000 Derived 158710000 UnavailableUnavailableUnavailable
Source
2025 2025-01-01 – 2025-12-31766787000 631138000 Derived 135649000 UnavailableUnavailableUnavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 766.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.828.1M621.1M414.1M207.0M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue677353000
2017Revenue709526000
2018Revenue731511000
2019Revenue731343000
2020Revenue609228000
2021Revenue624094000
2022Revenue725680000
2023Revenue738221000
2024Revenue766753000
2025Revenue766787000

Revenue growth

Change in revenue from the same financial period one year earlier.

0% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18.9%9.4%-0.2%-9.8%-19.3%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year3%
2017Year over year4.7%
2018Year over year3.1%
2019Year over year-0%
2020Year over year-16.7%
2021Year over year2.4%
2022Year over year16.3%
2023Year over year1.7%
2024Year over year3.9%
2025Year over year0%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 17.7% 2025
Net margin 15.9% 2018
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.29.4%22.0%14.7%7.3%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin27.1%
2017Operating margin27.2%
2018Operating margin26.1%
2019Operating margin21.2%
2020Operating margin9.6%
2021Operating margin12.7%
2022Operating margin17.5%
2023Operating margin19.9%
2024Operating margin20.7%
2025Operating margin17.7%
2016Net margin15.7%
2017Net margin16.5%
2018Net margin15.9%
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 249.1M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.301.3M226.0M150.7M75.3M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow214755000
2017Operating cash flow194202000
2018Operating cash flow279022000
2019Operating cash flow232591000
2020Operating cash flow182293000
2021Operating cash flow212486000
2022Operating cash flow211173000
2023Operating cash flow232491000
2024Operating cash flow260892000
2025Operating cash flow249052000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

59.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.66%49%33%16%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets49%
2017Liabilities / assets49.7%
2018Liabilities / assets52.5%
2019Liabilities / assets50.5%
2020Liabilities / assets58.3%
2021Liabilities / assets60.7%
2022Liabilities / assets59.6%
2023Liabilities / assets59%
2024Liabilities / assets60.5%
2025Liabilities / assets59.2%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 106.31 million
Exact value

Exact value: 106314000 USD

2016-01-01 – 2016-12-31: 106314000 USD Inspect Net Income Open source
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USD 214.76 million
Exact value

Exact value: 214755000 USD

2016-01-01 – 2016-12-31: 214755000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 117.32 million
Exact value

Exact value: 117317000 USD

2017-01-01 – 2017-12-31: 117317000 USD Inspect Net Income Open source
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USD 194.2 million
Exact value

Exact value: 194202000 USD

2017-01-01 – 2017-12-31: 194202000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 116.32 million
Exact value

Exact value: 116317000 USD

2018-01-01 – 2018-12-31: 116317000 USD Inspect Net Income Open source
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USD 279.02 million
Exact value

Exact value: 279022000 USD

2018-01-01 – 2018-12-31: 279022000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
USD 232.59 million
Exact value

Exact value: 232591000 USD

2019-01-01 – 2019-12-31: 232591000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 182.29 million
Exact value

Exact value: 182293000 USD

2020-01-01 – 2020-12-31: 182293000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 212.49 million
Exact value

Exact value: 212486000 USD

2021-01-01 – 2021-12-31: 212486000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 211.17 million
Exact value

Exact value: 211173000 USD

2022-01-01 – 2022-12-31: 211173000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
USD 232.49 million
Exact value

Exact value: 232491000 USD

2023-01-01 – 2023-12-31: 232491000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
USD 260.89 million
Exact value

Exact value: 260892000 USD

2024-01-01 – 2024-12-31: 260892000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
USD 249.05 million
Exact value

Exact value: 249052000 USD

2025-01-01 – 2025-12-31: 249052000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

63 filings · 4,740 latest values · 4,740 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001553079, 1553079, ESBA, FISK, OGCP, edgar:1553079

Also known as EMPIRE STATE REALTY OP, L.P., EMPIRE STATE REALTY TRUST, INC., Empire State Realty OP, L.P.