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Wednesday 4 November 2026
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Empire State Realty Trust, Inc.
ESRT Real Estate Reit Diversified
Empire State Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $768.3 million, roughly unchanged from fiscal 2024.
- Revenue
- +2.95%
- EPS
- −475.0%
- Free cash flow
- +42.3%
- Total debt
- +8.20%
Quarter to June 2026, against a year earlier
5.28
0.23
+4.55%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
53.58 | 52.05 | 36.49 | 51.70 | 0.00 | 0.00 | 30.68 | 31.84 | 36.86 | 24.15 |
Piotroski F-Score |
7 | 6 | 6 | 4 | 5 | 5 | 8 | 6 | 4 | 3 |
P/S ratio |
4.02 | 4.53 | 3.26 | 3.40 | 2.68 | 2.46 | 1.53 | 2.15 | 2.22 | 1.43 |
P/FCF ratio |
83.02 | 0.00 | 66.24 | 0.00 | 41.67 | 0.00 | 0.00 | 10.25 | 0.00 | 0.00 |
P/Operating CF |
51.74 | 166.02 | 26.03 | 72.76 | 87.12 | 33.76 | 29.96 | 43.64 | 34.01 | 32.42 |
P/B ratio |
1.37 | 1.63 | 1.20 | 1.28 | 0.94 | 0.91 | 0.66 | 0.92 | 0.96 | 0.60 |
Price to Tangible BV |
1.83 | 2.16 | 1.59 | 1.71 | 1.32 | 1.29 | 0.93 | 1.28 | 1.32 | 0.83 |
EV/Sales |
5.55 | 6.22 | 5.02 | 5.32 | 5.26 | 5.41 | 4.20 | 4.63 | 4.62 | 4.30 |
EV/EBITDA |
11.10 | 12.37 | 9.97 | 11.31 | 12.17 | 11.50 | 8.56 | 9.76 | 9.92 | 9.61 |
EV/Operating CF |
17.52 | 22.73 | 13.16 | 16.73 | 17.58 | 15.90 | 14.46 | 14.74 | 13.61 | 13.27 |
EV/FCF |
114.59 | (153.37) | 102.02 | (220.30) | 81.82 | (37,126.24) | (155.18) | 22.08 | (33.79) | (10.98) |
Quick Ratio |
5.90 | 6.65 | 6.90 | 3.60 | 7.87 | 5.94 | 7.17 | 7.04 | 2.81 | 1.67 |
Current Ratio |
5.90 | 6.65 | 6.90 | 3.60 | 7.87 | 5.94 | 7.17 | 7.04 | 2.81 | 1.67 |
Net Debt/EBITDA |
3.96 | 4.00 | 4.08 | 4.07 | 5.97 | 6.28 | 5.44 | 5.22 | 5.17 | 6.41 |
Debt/Assets |
50.33% | 49.75% | 51.79% | 42.54% | 51.57% | 54.14% | 54.16% | 53.10% | 50.51% | 53.07% |
Debt/Equity |
0.99 | 0.99 | 1.09 | 0.86 | 1.24 | 1.38 | 1.34 | 1.29 | 1.28 | 1.30 |
Asset Turnover |
0.19 | 0.18 | 0.18 | 0.18 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.17 |
Operating CF/Net income |
4.17 | 3.10 | 4.25 | 4.70 | (10.91) | (19.84) | 5.79 | 4.74 | 5.50 | 5.74 |
Capex/Depreciation |
(1.17) | (1.36) | (1.37) | (1.32) | (0.70) | (0.99) | (1.00) | (0.38) | (1.84) | (2.64) |
Interest Coverage |
2.60 | 2.82 | 2.40 | 1.95 | 0.65 | 0.84 | 1.26 | 1.45 | 1.45 | 1.31 |
| 3.07% | 3.16% | 3.31% | 2.51% | (0.91%) | (0.63%) | 2.16% | 2.87% | 2.70% | 2.41% | |
| 1.43% | 1.60% | 1.61% | 1.22% | (0.41%) | (0.25%) | 0.86% | 1.17% | 1.09% | 0.97% | |
ROIC |
3.46% | 3.54% | 3.41% | 2.89% | 1.11% | 1.40% | 2.19% | 2.57% | 2.73% | 2.11% |
Return on Tangible Assets |
2.01% | 2.38% | 2.26% | 1.89% | (0.58%) | (0.35%) | 1.25% | 1.63% | 1.60% | 1.44% |
Average Days of Receivables |
94.09 | 106.47 | 114.93 | 122.97 | 146.21 | 142.45 | 132.68 | 145.82 | 132.70 | 131.76 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.25% | 7.09% | 7.20% | 8.35% | 10.22% | 8.96% | 8.50% | 8.65% | 9.15% | 9.48% |
Intangible Assets out of Total Assets |
0.13 | 0.13 | 0.12 | 0.13 | 0.12 | 0.11 | 0.12 | 0.12 | 0.11 | 0.11 |
Share Based Compensation of Revenue |
1.44% | 1.99% | 2.57% | 2.85% | 4.18% | 3.25% | 2.89% | 2.71% | 2.83% | 3.28% |
Graham Net Nets |
(0.41) | (0.38) | (0.55) | (0.59) | (0.98) | (1.22) | (1.71) | (1.12) | (1.19) | (2.00) |
Graham Number |
11.25 | 10.47 | 10.21 | 8.15 | 0.00 | 0.00 | 7.11 | 8.66 | 8.25 | 8.10 |
Earnings Yield |
1.87% | 1.92% | 2.74% | 1.93% | (1.07%) | (0.79%) | 3.26% | 3.14% | 2.71% | 4.14% |
Free Cash Flow Yield |
1.20% | (0.90%) | 1.51% | (0.71%) | 2.40% | (0.01%) | (1.77%) | 9.76% | (6.17%) | (27.39%) |
Revenue per Share |
5.06 | 4.48 | 4.37 | 4.10 | 3.48 | 3.62 | 4.41 | 4.59 | 4.66 | 4.56 |
Operating CF per Share |
1.60 | 1.23 | 1.67 | 1.30 | 1.04 | 1.23 | 1.28 | 1.44 | 1.58 | 1.48 |
Capex per Share |
(1.36) | (1.41) | (1.45) | (1.40) | (0.82) | (1.23) | (1.40) | (0.48) | (2.22) | (3.26) |
Free Cash Flow per Share |
0.25 | (0.18) | 0.21 | (0.10) | 0.22 | 0.00 | (0.12) | 0.96 | (0.64) | (1.79) |
Cash per Share |
4.60 | 3.35 | 4.00 | 1.52 | 3.24 | 2.75 | 1.91 | 2.53 | 2.60 | 0.99 |
Shareholders Equity per Share |
14.81 | 12.49 | 11.88 | 10.92 | 9.88 | 9.77 | 10.20 | 10.74 | 10.81 | 10.81 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.81 | 12.49 | 11.88 | 10.92 | 9.88 | 9.77 | 10.20 | 10.74 | 10.81 | 10.81 |
Free Cash Flow |
32.83 | (28.78) | 36.00 | (17.66) | 39.18 | (0.09) | (19.68) | 155.16 | (105.08) | (300.96) |
Working Capital |
656.44 | 626.31 | 770.48 | 374.19 | 708.79 | 597.40 | 498.24 | 602.66 | 456.47 | 178.69 |
Capital Expenditures |
(181.92) | (222.98) | (243.02) | (250.26) | (143.12) | (212.58) | (230.86) | (77.33) | (365.98) | (550.01) |
Net Current Asset Value |
(1,117.59) | (1,216.45) | (1,303.52) | (1,465.94) | (1,607.40) | (1,879.91) | (1,901.53) | (1,785.87) | (2,019.84) | (2,202.92) |
EV/EBIT |
20.46 | 22.88 | 19.24 | 25.15 | 54.64 | 42.69 | 24.05 | 23.35 | 22.37 | 24.36 |
Capex to Sales |
0.27 | 0.31 | 0.33 | 0.34 | 0.23 | 0.34 | 0.32 | 0.10 | 0.48 | 0.72 |
Price to Operating Income |
14.82 | 16.67 | 12.49 | 16.09 | 27.83 | 19.39 | 8.77 | 10.84 | 10.72 | 8.10 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.09 | 0.08 | 0.07 |
Cash ROIC |
0.72% | (0.64%) | 0.74% | (0.45%) | 0.88% | 0.00% | (0.46%) | 3.54% | (2.34%) | (6.90%) |
Accounts Receivable Turnover |
4.29 | 3.72 | 3.35 | 3.07 | 2.48 | 2.56 | 2.86 | 2.64 | 2.67 | 2.76 |
Accounts Payable Turnover |
1.33 | 1.41 | 1.46 | 1.34 | 1.18 | 1.22 | 1.66 | 1.96 | 1.63 | 1.54 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
299.88 | 234.07 | 269.92 | 284.76 | 258.95 | 323.49 | 176.17 | 206.12 | 255.63 | 226.01 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
157.72 | 190.79 | 218.65 | 238.36 | 245.22 | 243.81 | 253.93 | 279.88 | 287.32 | 278.26 |
Average Payables |
122.58 | 122.46 | 120.76 | 137.23 | 123.49 | 112.01 | 100.77 | 90.24 | 115.89 | 126.08 |
Average Assets |
3,595.80 | 3,911.15 | 4,063.56 | 4,063.81 | 4,041.26 | 4,216.57 | 4,223.02 | 4,191.46 | 4,364.81 | 4,489.62 |
Average Common Equity |
1,677.77 | 1,980.30 | 1,984.42 | 1,969.51 | 1,839.61 | 1,707.82 | 1,683.71 | 1,707.07 | 1,756.50 | 1,802.08 |
Columns are period end dates