Filing Flows › Empire State Realty Trust (ESRT) › Q3 2026 › vs Q3 2025
Empire State Realty Trust (ESRT) Q3 2026 vs Q3 2025 (year over year)
Empire State Realty Trust's revenue fell $4.7M (-2%) from $198M in Q3 2025 to $193M in Q3 2026. Operating margin 18.5% against 19.9% (-1.3 pts).
Empire State Realty Trust, Q3 2026: revenue $193M (-2% year over year), operating margin 18.5%, net earnings $3.1M, operating cash flow $61.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.5% | 19.9% | -1.3 pts |
| Net margin | 1.6% | 4.0% | -2.4 pts |
| Free cash flow margin | 15.8% | 36.8% | -21.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $193M | $198M | −$4.7M | -2% |
| Operating profit | $35.8M | $39.3M | −$3.5M | -9% |
| Costs & expenses | $157M | $158M | −$1.2M | -0.7% |
| Pre-tax earnings | $7.8M | $15.3M | −$7.5M | -49% |
| Other expense, net | $28.0M | $24.0M | $4.0M | +17% |
| General & admin | $17.2M | $18.7M | −$1.6M | -8% |
| Other operating costs | $140M | $140M | $414K | +0.3% |
| Net earnings | $3.1M | $8.0M | −$4.9M | -61% |
| Minority interests | $2.8M | $5.7M | −$2.8M | -50% |
| Income tax | $1.9M | $1.6M | $230K | +14% |
| Depreciation & amortization | $46.7M | $47.6M | −$954K | -2% |
| Share-based compensation | $5.8M | $6.5M | −$687K | -11% |
| Working capital & other | $5.9M | $43.2M | −$37.3M | -86% |
| Operating cash flow | $61.4M | $105M | −$43.8M | -42% |
| Free cash flow (OCF − capex) | $30.5M | $72.8M | −$42.2M | -58% |
| Capital expenditures | $30.9M | $32.5M | −$1.6M | -5% |
Questions
How much did Empire State Realty Trust's revenue grow year over year in Q3 2026?
Empire State Realty Trust's revenue fell $4.7M (-2%) from $198M in Q3 2025 to $193M in Q3 2026. Operating margin 18.5% against 19.9% (-1.3 pts).