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ExlService Holdings, Inc.（EXLS）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的2.0倍（$542.6M vs $274.5M），ExlService Holdings, Inc.净利率更高（11.1% vs 4.8%，领先6.3%），IPG PHOTONICS CORP同比增速更快（17.1% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $10.9M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 4.4%）
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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
EXLS vs IPGP — 直观对比
营收规模更大
EXLS
是对方的2.0倍
$274.5M
营收增速更快
IPGP
高出4.4%
12.7%
净利率更高
EXLS
高出6.3%
4.8%
自由现金流更多
EXLS
多$95.6M
$10.9M
两年增速更快
EXLS
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $274.5M |
| 净利润 | $60.2M | $13.3M |
| 毛利率 | 38.6% | 36.1% |
| 营业利润率 | 14.4% | 1.2% |
| 净利率 | 11.1% | 4.8% |
| 营收同比 | 12.7% | 17.1% |
| 净利润同比 | 18.9% | 69.8% |
| 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EXLSIPGP
| Q4 25 | $542.6M | $274.5M | ||
| Q3 25 | $529.6M | $250.8M | ||
| Q2 25 | $514.5M | $250.7M | ||
| Q1 25 | $501.0M | $227.8M | ||
| Q4 24 | $481.4M | $234.3M | ||
| Q3 24 | $472.1M | $233.1M | ||
| Q2 24 | $448.4M | $257.6M | ||
| Q1 24 | $436.5M | $252.0M |
净利润EXLSIPGP
| Q4 25 | $60.2M | $13.3M | ||
| Q3 25 | $58.2M | $7.5M | ||
| Q2 25 | $66.1M | $6.6M | ||
| Q1 25 | $66.6M | $3.8M | ||
| Q4 24 | $50.7M | $7.8M | ||
| Q3 24 | $53.0M | $-233.6M | ||
| Q2 24 | $45.8M | $20.2M | ||
| Q1 24 | $48.8M | $24.1M |
毛利率EXLSIPGP
| Q4 25 | 38.6% | 36.1% | ||
| Q3 25 | 38.5% | 39.5% | ||
| Q2 25 | 37.7% | 37.3% | ||
| Q1 25 | 38.6% | 39.4% | ||
| Q4 24 | 38.1% | 38.6% | ||
| Q3 24 | 37.8% | 23.2% | ||
| Q2 24 | 37.1% | 37.3% | ||
| Q1 24 | 37.4% | 38.7% |
营业利润率EXLSIPGP
| Q4 25 | 14.4% | 1.2% | ||
| Q3 25 | 14.4% | 3.1% | ||
| Q2 25 | 15.8% | 0.0% | ||
| Q1 25 | 15.7% | 0.8% | ||
| Q4 24 | 14.8% | 6.0% | ||
| Q3 24 | 14.7% | -108.7% | ||
| Q2 24 | 13.7% | 4.7% | ||
| Q1 24 | 14.1% | 7.6% |
净利率EXLSIPGP
| Q4 25 | 11.1% | 4.8% | ||
| Q3 25 | 11.0% | 3.0% | ||
| Q2 25 | 12.8% | 2.6% | ||
| Q1 25 | 13.3% | 1.6% | ||
| Q4 24 | 10.5% | 3.3% | ||
| Q3 24 | 11.2% | -100.2% | ||
| Q2 24 | 10.2% | 7.8% | ||
| Q1 24 | 11.2% | 9.6% |
每股收益（稀释后）EXLSIPGP
| Q4 25 | $0.38 | $0.30 | ||
| Q3 25 | $0.36 | $0.18 | ||
| Q2 25 | $0.40 | $0.16 | ||
| Q1 25 | $0.40 | $0.09 | ||
| Q4 24 | $0.31 | $0.27 | ||
| Q3 24 | $0.33 | $-5.33 | ||
| Q2 24 | $0.28 | $0.45 | ||
| Q1 24 | $0.29 | $0.52 |
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 | $839.3M |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $2.1B |
| 总资产 | $1.7B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资EXLSIPGP
| Q4 25 | $328.4M | $839.3M | ||
| Q3 25 | $390.1M | $870.4M | ||
| Q2 25 | $353.3M | $899.6M | ||
| Q1 25 | $331.4M | $926.9M | ||
| Q4 24 | $340.6M | $930.2M | ||
| Q3 24 | $325.8M | $1.0B | ||
| Q2 24 | $276.1M | $1.1B | ||
| Q1 24 | $246.2M | $1.1B |
总债务EXLSIPGP
| Q4 25 | $298.6M | — | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | — | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSIPGP
| Q4 25 | $912.7M | $2.1B | ||
| Q3 25 | $952.4M | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $929.9M | $2.0B | ||
| Q3 24 | $907.6M | $2.1B | ||
| Q2 24 | $852.6M | $2.3B | ||
| Q1 24 | $803.3M | $2.3B |
总资产EXLSIPGP
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.4B | $2.6B |
负债/权益比EXLSIPGP
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| 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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $10.9M |
| 自由现金流率自由现金流/营收 | 19.6% | 4.0% |
| 资本支出强度资本支出/营收 | 2.0% | 6.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流EXLSIPGP
| Q4 25 | $117.4M | $28.8M | ||
| Q3 25 | $120.7M | $35.3M | ||
| Q2 25 | $109.4M | $-2.2M | ||
| Q1 25 | $3.2M | $13.4M | ||
| Q4 24 | $105.3M | $73.8M | ||
| Q3 24 | $110.1M | $66.1M | ||
| Q2 24 | $74.9M | $53.5M | ||
| Q1 24 | $-21.9M | $54.6M |
自由现金流EXLSIPGP
| Q4 25 | $106.5M | $10.9M | ||
| Q3 25 | $106.4M | $14.6M | ||
| Q2 25 | $95.0M | $-17.6M | ||
| Q1 25 | $-9.7M | $-11.4M | ||
| Q4 24 | $95.3M | $50.6M | ||
| Q3 24 | $97.3M | $43.0M | ||
| Q2 24 | $62.8M | $29.2M | ||
| Q1 24 | $-33.1M | $26.5M |
自由现金流率EXLSIPGP
| Q4 25 | 19.6% | 4.0% | ||
| Q3 25 | 20.1% | 5.8% | ||
| Q2 25 | 18.5% | -7.0% | ||
| Q1 25 | -1.9% | -5.0% | ||
| Q4 24 | 19.8% | 21.6% | ||
| Q3 24 | 20.6% | 18.4% | ||
| Q2 24 | 14.0% | 11.3% | ||
| Q1 24 | -7.6% | 10.5% |
资本支出强度EXLSIPGP
| Q4 25 | 2.0% | 6.5% | ||
| Q3 25 | 2.7% | 8.3% | ||
| Q2 25 | 2.8% | 6.1% | ||
| Q1 25 | 2.6% | 10.9% | ||
| Q4 24 | 2.1% | 9.9% | ||
| Q3 24 | 2.7% | 9.9% | ||
| Q2 24 | 2.7% | 9.4% | ||
| Q1 24 | 2.6% | 11.1% |
现金转化率EXLSIPGP
| Q4 25 | 1.95× | 2.17× | ||
| Q3 25 | 2.08× | 4.73× | ||
| Q2 25 | 1.66× | -0.34× | ||
| Q1 25 | 0.05× | 3.58× | ||
| Q4 24 | 2.08× | 9.44× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | 2.65× | ||
| Q1 24 | -0.45× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
