Empire State Realty OP (ESBA) Operating Margin (2012 - 2026)
Empire State Realty OP (ESBA) posted Operating Margin of 18.55% for Q3 2026, down 1.34 percentage points from 19.89% a year earlier but up 89.00 percentage points from the prior quarter.
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Analysis
Empire State Realty OP (ESBA) Operating Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Empire State Realty OP was -4.88%, down 23.56 percentage points year-over-year; for FY2025, it was 17.66%, down 3.01 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +8.03 percentage points (FY2020 to FY2025).
- In prior years, Empire State Realty OP's Operating Margin was 20.67% in FY2024 (+0.83 pp), 19.84% in FY2023 (+2.36 pp), 17.47% in FY2022 (+4.79 pp) and 12.68% in FY2021 (+3.05 pp).
- Quarterly Operating Margin has run from a low of -70.45% in Q2 2026 to a high of 24.24% in Q2 2023 over five years.
- On a year-over-year basis, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -12.55 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2022, with a gain of 11.34 percentage points; the weakest was Q2 2026, with a drop of 88.81 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -70.45% (Q2 2026), 15.48% (Q1 2026) and 17.77% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 14.28% |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 43.76% |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 44.33% |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 23.20% |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 39.50% |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 14.38% |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 44.04% |
| 10 | Empire State Realty OP | 1.41 Bn | 1.75 Bn | 110.85 Mn | 18.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.55% |
| Jun 30, 2026 | -70.45% |
| Mar 31, 2026 | 15.48% |
| Dec 31, 2025 | 17.77% |
| Sep 30, 2025 | 19.89% |
| Jun 30, 2025 | 18.36% |
| Mar 31, 2025 | 14.32% |
| Dec 31, 2024 | 21.73% |
| Sep 30, 2024 | 22.72% |
| Jun 30, 2024 | 20.77% |
| Mar 31, 2024 | 17.14% |
| Dec 31, 2023 | 21.14% |
| Sep 30, 2023 | 22.06% |
| Jun 30, 2023 | 24.24% |
| Mar 31, 2023 | 10.62% |
| Dec 31, 2022 | 21.49% |
| Sep 30, 2022 | 19.34% |
| Jun 30, 2022 | 23.48% |
| Mar 31, 2022 | 3.69% |
| Dec 31, 2021 | 13.16% |
API Access
Empire State Realty OP Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ESBA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ESBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();