14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.9% per year over the past 5 years.
Free cash flow has grown 23.0% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-9.3% vs 1.9% per year).
Operating income covered interest expense 1.3× in the latest year, up from 0.7× 5 years ago.
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 53.4% of earnings.
The dividend has declined 8.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$767M
$73M
0.0%
17.7%
—
—
$133M
2024
$767M
$80M
0.0%
20.7%
—
—
$385M
2023
$738M
$84M
0.0%
19.9%
$63M
—
$347M
2022
$726M
$63M
0.0%
17.5%
$125M
—
$264M
2021
—
-$13M
—
—
-$186M
—
$424M
2020
—
-$23M
—
—
$78M
—
$527M
2019
—
$84M
—
—
-$23M
—
$234M
2018
—
$117M
—
—
$23M
$609M
$205M
2017
—
$118M
—
—
-$34M
$717M
$464M
2016
—
$107M
—
—
$17M
$759M
$554M
2015
—
$80M
—
—
$46M
$748M
$47M
2014
—
$70M
—
—
-$359M
$899M
$46M
2012
—
$49M
—
—
—
—
—
2011
—
$57M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$190M
$3M
0.0%
15.5%
—
—
$69M
Dec '25
$199M
$32M
0.0%
17.8%
—
—
$133M
Sep '25
$197M
$14M
0.0%
19.9%
—
—
$154M
Jun '25
$191M
$11M
0.0%
18.4%
—
—
$95M
Mar '25
$180M
$16M
0.0%
14.4%
—
—
$188M
Dec '24
$197M
$19M
0.0%
21.8%
—
—
$385M
Sep '24
$199M
$23M
0.0%
22.7%
-$65M
—
$422M
Jun '24
$189M
$29M
0.0%
20.8%
$19M
—
$536M
Mar '24
$181M
$10M
0.0%
17.2%
$23M
—
$334M
Dec '23
—
$16M
—
—
-$9M
—
$347M
Sep '23
—
$20M
—
—
$34M
—
$354M
Jun '23
—
$37M
—
—
-$13M
—
$315M
Mar '23
—
$12M
—
—
$52M
—
$273M
Dec '22
—
$22M
—
—
$22M
—
$264M
Sep '22
—
$10M
—
—
$72M
—
$387M
Jun '22
—
$49M
—
—
$3M
—
$359M
Mar '22
—
-$17M
—
—
$29M
—
$430M
Dec '21
—
-$4M
—
—
-$288M
—
$424M
Sep '21
—
-$10M
—
—
$62M
—
$582M
Jun '21
—
$4M
—
—
-$10M
—
$541M
Valuation over time
How the market has priced FISK against its own fundamentals since 2023-04 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 26.4× (Apr '23) to 18.6× (Jun '26).
The price-to-sales ratio has fallen from 2.3× (Apr '23) to 1.8× (Jun '26).
The dividend yield has risen from 2.3% (Apr '23) to 2.9% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FISK growing its revenue and profit?
Over the past 5 years, Empire State Realty OP, L.P.'s revenue has grown 1.9% per year. These are computed facts, not advice.
How much debt does FISK have?
As of FY2025, Empire State Realty OP, L.P. reported — of total debt against $133M of cash; operating income covered interest expense 1.3×.
What is FISK's profit margin?
In FY2025, gross margin was —, operating margin 17.7%, and net margin 9.5%.
What is FISK's P/E ratio?
As of Jun '26, Empire State Realty OP, L.P. traded at a price-to-earnings ratio of about 18.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.