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ExlService Holdings, Inc.（EXLS）与FIRST ADVANTAGE CORP（FA）财务数据对比。点击上方公司名可切换其他公司
ExlService Holdings, Inc.的季度营收约是FIRST ADVANTAGE CORP的1.3倍（$542.6M vs $420.0M），ExlService Holdings, Inc.净利率更高（11.1% vs 0.8%，领先10.3%），FIRST ADVANTAGE CORP同比增速更快（36.8% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $62.2M），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% vs 11.5%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
EXLS vs FA — 直观对比
营收规模更大
EXLS
是对方的1.3倍
$420.0M
营收增速更快
FA
高出24.0%
12.7%
净利率更高
EXLS
高出10.3%
0.8%
自由现金流更多
EXLS
多$44.4M
$62.2M
两年增速更快
FA
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $420.0M |
| 净利润 | $60.2M | $3.5M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 14.4% | 10.7% |
| 净利率 | 11.1% | 0.8% |
| 营收同比 | 12.7% | 36.8% |
| 净利润同比 | 18.9% | 103.5% |
| 每股收益（稀释后） | $0.38 | $0.03 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EXLSFA
| Q4 25 | $542.6M | $420.0M | ||
| Q3 25 | $529.6M | $409.2M | ||
| Q2 25 | $514.5M | $390.6M | ||
| Q1 25 | $501.0M | $354.6M | ||
| Q4 24 | $481.4M | $307.1M | ||
| Q3 24 | $472.1M | $199.1M | ||
| Q2 24 | $448.4M | $184.5M | ||
| Q1 24 | $436.5M | $169.4M |
净利润EXLSFA
| Q4 25 | $60.2M | $3.5M | ||
| Q3 25 | $58.2M | $2.6M | ||
| Q2 25 | $66.1M | $308.0K | ||
| Q1 25 | $66.6M | $-41.2M | ||
| Q4 24 | $50.7M | $-100.4M | ||
| Q3 24 | $53.0M | $-8.9M | ||
| Q2 24 | $45.8M | $1.9M | ||
| Q1 24 | $48.8M | $-2.9M |
毛利率EXLSFA
| Q4 25 | 38.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 37.4% | — |
营业利润率EXLSFA
| Q4 25 | 14.4% | 10.7% | ||
| Q3 25 | 14.4% | 10.3% | ||
| Q2 25 | 15.8% | 9.7% | ||
| Q1 25 | 15.7% | 2.1% | ||
| Q4 24 | 14.8% | -26.3% | ||
| Q3 24 | 14.7% | 4.6% | ||
| Q2 24 | 13.7% | 5.4% | ||
| Q1 24 | 14.1% | -0.4% |
净利率EXLSFA
| Q4 25 | 11.1% | 0.8% | ||
| Q3 25 | 11.0% | 0.6% | ||
| Q2 25 | 12.8% | 0.1% | ||
| Q1 25 | 13.3% | -11.6% | ||
| Q4 24 | 10.5% | -32.7% | ||
| Q3 24 | 11.2% | -4.4% | ||
| Q2 24 | 10.2% | 1.0% | ||
| Q1 24 | 11.2% | -1.7% |
每股收益（稀释后）EXLSFA
| Q4 25 | $0.38 | $0.03 | ||
| Q3 25 | $0.36 | $0.01 | ||
| Q2 25 | $0.40 | $0.00 | ||
| Q1 25 | $0.40 | $-0.24 | ||
| Q4 24 | $0.31 | $-0.67 | ||
| Q3 24 | $0.33 | $-0.06 | ||
| Q2 24 | $0.28 | $0.01 | ||
| Q1 24 | $0.29 | $-0.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $328.4M | $240.0M |
| 总债务越低越好 | $298.6M | $2.1B |
| 股东权益账面价值 | $912.7M | $1.3B |
| 总资产 | $1.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.61× |
8季度趋势，按日历期对齐
现金及短期投资EXLSFA
| Q4 25 | $328.4M | $240.0M | ||
| Q3 25 | $390.1M | $216.8M | ||
| Q2 25 | $353.3M | $184.3M | ||
| Q1 25 | $331.4M | $172.0M | ||
| Q4 24 | $340.6M | $168.7M | ||
| Q3 24 | $325.8M | $307.4M | ||
| Q2 24 | $276.1M | $269.6M | ||
| Q1 24 | $246.2M | $246.0M |
总债务EXLSFA
| Q4 25 | $298.6M | $2.1B | ||
| Q3 25 | $354.8M | $2.1B | ||
| Q2 25 | $260.0M | $2.1B | ||
| Q1 25 | $307.3M | $2.2B | ||
| Q4 24 | $288.5M | $2.2B | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSFA
| Q4 25 | $912.7M | $1.3B | ||
| Q3 25 | $952.4M | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $929.9M | $1.3B | ||
| Q3 24 | $907.6M | $920.7M | ||
| Q2 24 | $852.6M | $913.3M | ||
| Q1 24 | $803.3M | $907.7M |
总资产EXLSFA
| Q4 25 | $1.7B | $3.8B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $1.7B | $3.9B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $1.6B | $3.9B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
负债/权益比EXLSFA
| Q4 25 | 0.33× | 1.61× | ||
| Q3 25 | 0.37× | 1.64× | ||
| Q2 25 | 0.25× | 1.65× | ||
| Q1 25 | 0.30× | 1.69× | ||
| Q4 24 | 0.31× | 1.66× | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $117.4M | $65.9M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $62.2M |
| 自由现金流率自由现金流/营收 | 19.6% | 14.8% |
| 资本支出强度资本支出/营收 | 2.0% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.95× | 19.01× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $188.5M |
8季度趋势，按日历期对齐
经营现金流EXLSFA
| Q4 25 | $117.4M | $65.9M | ||
| Q3 25 | $120.7M | $72.4M | ||
| Q2 25 | $109.4M | $37.3M | ||
| Q1 25 | $3.2M | $19.5M | ||
| Q4 24 | $105.3M | $-85.7M | ||
| Q3 24 | $110.1M | $43.5M | ||
| Q2 24 | $74.9M | $32.0M | ||
| Q1 24 | $-21.9M | $38.3M |
自由现金流EXLSFA
| Q4 25 | $106.5M | $62.2M | ||
| Q3 25 | $106.4M | $71.2M | ||
| Q2 25 | $95.0M | $36.1M | ||
| Q1 25 | $-9.7M | $19.0M | ||
| Q4 24 | $95.3M | $-86.0M | ||
| Q3 24 | $97.3M | $43.1M | ||
| Q2 24 | $62.8M | $31.4M | ||
| Q1 24 | $-33.1M | $38.0M |
自由现金流率EXLSFA
| Q4 25 | 19.6% | 14.8% | ||
| Q3 25 | 20.1% | 17.4% | ||
| Q2 25 | 18.5% | 9.2% | ||
| Q1 25 | -1.9% | 5.4% | ||
| Q4 24 | 19.8% | -28.0% | ||
| Q3 24 | 20.6% | 21.6% | ||
| Q2 24 | 14.0% | 17.0% | ||
| Q1 24 | -7.6% | 22.4% |
资本支出强度EXLSFA
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 2.7% | 0.3% | ||
| Q2 25 | 2.8% | 0.3% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 2.7% | 0.2% | ||
| Q2 24 | 2.7% | 0.4% | ||
| Q1 24 | 2.6% | 0.2% |
现金转化率EXLSFA
| Q4 25 | 1.95× | 19.01× | ||
| Q3 25 | 2.08× | 27.91× | ||
| Q2 25 | 1.66× | 121.25× | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | 17.22× | ||
| Q1 24 | -0.45× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
