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ExlService Holdings, Inc.（EXLS）与Forestar Group Inc.（FOR）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Forestar Group Inc.的2.0倍（$542.6M vs $273.0M），ExlService Holdings, Inc.净利率更高（11.1% vs 5.6%，领先5.5%），ExlService Holdings, Inc.同比增速更快（12.7% vs 9.0%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-157.1M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
EXLS vs FOR — 直观对比
营收规模更大
EXLS
是对方的2.0倍
$273.0M
营收增速更快
EXLS
高出3.7%
9.0%
净利率更高
EXLS
高出5.5%
5.6%
自由现金流更多
EXLS
多$263.6M
$-157.1M
两年增速更快
EXLS
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $273.0M |
| 净利润 | $60.2M | $15.4M |
| 毛利率 | 38.6% | 20.1% |
| 营业利润率 | 14.4% | 7.6% |
| 净利率 | 11.1% | 5.6% |
| 营收同比 | 12.7% | 9.0% |
| 净利润同比 | 18.9% | -6.7% |
| 每股收益（稀释后） | $0.38 | $0.30 |
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EXLSFOR
| Q4 25 | $542.6M | $273.0M | ||
| Q3 25 | $529.6M | $670.5M | ||
| Q2 25 | $514.5M | $390.5M | ||
| Q1 25 | $501.0M | $351.0M | ||
| Q4 24 | $481.4M | $250.4M | ||
| Q3 24 | $472.1M | $551.3M | ||
| Q2 24 | $448.4M | $318.4M | ||
| Q1 24 | $436.5M | $333.8M |
净利润EXLSFOR
| Q4 25 | $60.2M | $15.4M | ||
| Q3 25 | $58.2M | $86.9M | ||
| Q2 25 | $66.1M | $32.9M | ||
| Q1 25 | $66.6M | $31.6M | ||
| Q4 24 | $50.7M | $16.5M | ||
| Q3 24 | $53.0M | $81.5M | ||
| Q2 24 | $45.8M | $38.7M | ||
| Q1 24 | $48.8M | $45.0M |
毛利率EXLSFOR
| Q4 25 | 38.6% | 20.1% | ||
| Q3 25 | 38.5% | 22.3% | ||
| Q2 25 | 37.7% | 20.4% | ||
| Q1 25 | 38.6% | 22.6% | ||
| Q4 24 | 38.1% | 22.0% | ||
| Q3 24 | 37.8% | 23.9% | ||
| Q2 24 | 37.1% | 22.5% | ||
| Q1 24 | 37.4% | 24.9% |
营业利润率EXLSFOR
| Q4 25 | 14.4% | 7.6% | ||
| Q3 25 | 14.4% | 16.9% | ||
| Q2 25 | 15.8% | 11.2% | ||
| Q1 25 | 15.7% | 11.6% | ||
| Q4 24 | 14.8% | 8.7% | ||
| Q3 24 | 14.7% | 19.7% | ||
| Q2 24 | 13.7% | 16.2% | ||
| Q1 24 | 14.1% | 17.6% |
净利率EXLSFOR
| Q4 25 | 11.1% | 5.6% | ||
| Q3 25 | 11.0% | 13.0% | ||
| Q2 25 | 12.8% | 8.4% | ||
| Q1 25 | 13.3% | 9.0% | ||
| Q4 24 | 10.5% | 6.6% | ||
| Q3 24 | 11.2% | 14.8% | ||
| Q2 24 | 10.2% | 12.2% | ||
| Q1 24 | 11.2% | 13.5% |
每股收益（稀释后）EXLSFOR
| Q4 25 | $0.38 | $0.30 | ||
| Q3 25 | $0.36 | $1.70 | ||
| Q2 25 | $0.40 | $0.65 | ||
| Q1 25 | $0.40 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.33 | $1.59 | ||
| Q2 24 | $0.28 | $0.76 | ||
| Q1 24 | $0.29 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $298.6M | $793.2M |
| 股东权益账面价值 | $912.7M | $1.8B |
| 总资产 | $1.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资EXLSFOR
| Q4 25 | $328.4M | $211.7M | ||
| Q3 25 | $390.1M | $379.2M | ||
| Q2 25 | $353.3M | $189.2M | ||
| Q1 25 | $331.4M | $174.3M | ||
| Q4 24 | $340.6M | $132.0M | ||
| Q3 24 | $325.8M | $481.2M | ||
| Q2 24 | $276.1M | $359.2M | ||
| Q1 24 | $246.2M | $416.2M |
总债务EXLSFOR
| Q4 25 | $298.6M | $793.2M | ||
| Q3 25 | $354.8M | $802.7M | ||
| Q2 25 | $260.0M | $872.8M | ||
| Q1 25 | $307.3M | $872.5M | ||
| Q4 24 | $288.5M | $806.8M | ||
| Q3 24 | $344.7M | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益EXLSFOR
| Q4 25 | $912.7M | $1.8B | ||
| Q3 25 | $952.4M | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $929.9M | $1.6B | ||
| Q3 24 | $907.6M | $1.6B | ||
| Q2 24 | $852.6M | $1.5B | ||
| Q1 24 | $803.3M | $1.5B |
总资产EXLSFOR
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.4B | $2.6B |
负债/权益比EXLSFOR
| Q4 25 | 0.33× | 0.44× | ||
| Q3 25 | 0.37× | 0.45× | ||
| Q2 25 | 0.25× | 0.52× | ||
| Q1 25 | 0.30× | 0.53× | ||
| Q4 24 | 0.31× | 0.50× | ||
| Q3 24 | 0.38× | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-157.1M |
| 自由现金流率自由现金流/营收 | 19.6% | -57.5% |
| 资本支出强度资本支出/营收 | 2.0% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.95× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $93.0M |
8季度趋势，按日历期对齐
经营现金流EXLSFOR
| Q4 25 | $117.4M | $-157.0M | ||
| Q3 25 | $120.7M | $256.3M | ||
| Q2 25 | $109.4M | $15.8M | ||
| Q1 25 | $3.2M | $-19.8M | ||
| Q4 24 | $105.3M | $-450.0M | ||
| Q3 24 | $110.1M | $119.2M | ||
| Q2 24 | $74.9M | $-61.7M | ||
| Q1 24 | $-21.9M | $-59.2M |
自由现金流EXLSFOR
| Q4 25 | $106.5M | $-157.1M | ||
| Q3 25 | $106.4M | $255.6M | ||
| Q2 25 | $95.0M | $15.0M | ||
| Q1 25 | $-9.7M | $-20.5M | ||
| Q4 24 | $95.3M | — | ||
| Q3 24 | $97.3M | $118.4M | ||
| Q2 24 | $62.8M | $-62.3M | ||
| Q1 24 | $-33.1M | $-59.8M |
自由现金流率EXLSFOR
| Q4 25 | 19.6% | -57.5% | ||
| Q3 25 | 20.1% | 38.1% | ||
| Q2 25 | 18.5% | 3.8% | ||
| Q1 25 | -1.9% | -5.8% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.6% | 21.5% | ||
| Q2 24 | 14.0% | -19.6% | ||
| Q1 24 | -7.6% | -17.9% |
资本支出强度EXLSFOR
| Q4 25 | 2.0% | 0.0% | ||
| Q3 25 | 2.7% | 0.1% | ||
| Q2 25 | 2.8% | 0.2% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 2.1% | 0.0% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 2.7% | 0.2% | ||
| Q1 24 | 2.6% | 0.2% |
现金转化率EXLSFOR
| Q4 25 | 1.95× | -10.19× | ||
| Q3 25 | 2.08× | 2.95× | ||
| Q2 25 | 1.66× | 0.48× | ||
| Q1 25 | 0.05× | -0.63× | ||
| Q4 24 | 2.08× | -27.27× | ||
| Q3 24 | 2.08× | 1.46× | ||
| Q2 24 | 1.63× | -1.59× | ||
| Q1 24 | -0.45× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
