Empire State Realty Trust, Inc. Operating Margin History
ESRT / Real Estate|10 years of SEC 10-K data (FY2016-FY2025)
17.7% in FY2025 with a 5-year CAGR of +8.0%.
Declined from 19.8% to 17.7% over the past 2 years.
At 17.7%, Empire State Realty Trust, Inc.'s operating margin ranks #43 of 70 in the Real Estate sector. Operating Margin has fluctuated over the past 10 years, ranging from 9.6% in FY2020 to 27.2% in FY2017.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.39 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +0.2pp
- 5-Year Change
- +8.0pp
- 10-Year Change
- -
Operating Margin Trend
#43 of 70 in Real EstateTop 61% of 70This company 17.7% Sector average 27.4%
▼
-35.6% below sector average
Key Insights
- In FY2025, operating margin decreased 14.6% year-over-year.
- Currently 9.7pp below the Real Estate sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2020.
Annual Data
| Year | Operating Margin | YoY Growth |
|---|---|---|
| FY2025 | 17.7% | -14.6% |
| FY2024 | 20.7% | +4.2% |
| FY2023 | 19.8% | +13.6% |
| FY2022 | 17.5% | +37.8% |
| FY2021 | 12.7% | +31.7% |
| FY2020 | 9.6% | -54.5% |
| FY2019 | 21.1% | -18.9% |
| FY2018 | 26.1% | -4.0% |
| FY2017 | 27.2% | +0.1% |
| FY2016 | 27.2% | +17.9% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026