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ExlService Holdings, Inc.（EXLS）与Dave & Buster's Entertainment, Inc.（PLAY）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Dave & Buster's Entertainment, Inc.的1.2倍（$542.6M vs $448.2M），ExlService Holdings, Inc.净利率更高（11.1% vs -9.4%，领先20.5%），ExlService Holdings, Inc.同比增速更快（12.7% vs -1.1%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-20.6M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
EXLS vs PLAY — 直观对比
营收规模更大
EXLS
是对方的1.2倍
$448.2M
营收增速更快
EXLS
高出13.8%
-1.1%
净利率更高
EXLS
高出20.5%
-9.4%
自由现金流更多
EXLS
多$127.1M
$-20.6M
两年增速更快
EXLS
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $448.2M |
| 净利润 | $60.2M | $-42.1M |
| 毛利率 | 38.6% | 85.8% |
| 营业利润率 | 14.4% | -3.6% |
| 净利率 | 11.1% | -9.4% |
| 营收同比 | 12.7% | -1.1% |
| 净利润同比 | 18.9% | -28.7% |
| 每股收益（稀释后） | $0.38 | $-1.22 |
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EXLSPLAY
| Q4 25 | $542.6M | $448.2M | ||
| Q3 25 | $529.6M | $557.4M | ||
| Q2 25 | $514.5M | $567.7M | ||
| Q1 25 | $501.0M | $534.5M | ||
| Q4 24 | $481.4M | $453.0M | ||
| Q3 24 | $472.1M | $557.1M | ||
| Q2 24 | $448.4M | $588.1M | ||
| Q1 24 | $436.5M | $599.0M |
净利润EXLSPLAY
| Q4 25 | $60.2M | $-42.1M | ||
| Q3 25 | $58.2M | $11.4M | ||
| Q2 25 | $66.1M | $21.7M | ||
| Q1 25 | $66.6M | $9.3M | ||
| Q4 24 | $50.7M | $-32.7M | ||
| Q3 24 | $53.0M | $40.3M | ||
| Q2 24 | $45.8M | $41.4M | ||
| Q1 24 | $48.8M | $36.1M |
毛利率EXLSPLAY
| Q4 25 | 38.6% | 85.8% | ||
| Q3 25 | 38.5% | 86.3% | ||
| Q2 25 | 37.7% | 85.5% | ||
| Q1 25 | 38.6% | 85.5% | ||
| Q4 24 | 38.1% | 85.0% | ||
| Q3 24 | 37.8% | 85.3% | ||
| Q2 24 | 37.1% | 85.2% | ||
| Q1 24 | 37.4% | 84.1% |
营业利润率EXLSPLAY
| Q4 25 | 14.4% | -3.6% | ||
| Q3 25 | 14.4% | 9.5% | ||
| Q2 25 | 15.8% | 11.1% | ||
| Q1 25 | 15.7% | 8.3% | ||
| Q4 24 | 14.8% | 1.4% | ||
| Q3 24 | 14.7% | 15.2% | ||
| Q2 24 | 13.7% | 14.5% | ||
| Q1 24 | 14.1% | 14.9% |
净利率EXLSPLAY
| Q4 25 | 11.1% | -9.4% | ||
| Q3 25 | 11.0% | 2.0% | ||
| Q2 25 | 12.8% | 3.8% | ||
| Q1 25 | 13.3% | 1.7% | ||
| Q4 24 | 10.5% | -7.2% | ||
| Q3 24 | 11.2% | 7.2% | ||
| Q2 24 | 10.2% | 7.0% | ||
| Q1 24 | 11.2% | 6.0% |
每股收益（稀释后）EXLSPLAY
| Q4 25 | $0.38 | $-1.22 | ||
| Q3 25 | $0.36 | $0.32 | ||
| Q2 25 | $0.40 | $0.62 | ||
| Q1 25 | $0.40 | $0.32 | ||
| Q4 24 | $0.31 | $-0.84 | ||
| Q3 24 | $0.33 | $0.99 | ||
| Q2 24 | $0.28 | $0.99 | ||
| Q1 24 | $0.29 | $0.95 |
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 | $13.6M |
| 总债务越低越好 | $298.6M | $1.6B |
| 股东权益账面价值 | $912.7M | $130.8M |
| 总资产 | $1.7B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资EXLSPLAY
| Q4 25 | $328.4M | $13.6M | ||
| Q3 25 | $390.1M | $12.0M | ||
| Q2 25 | $353.3M | $11.9M | ||
| Q1 25 | $331.4M | $6.9M | ||
| Q4 24 | $340.6M | $8.6M | ||
| Q3 24 | $325.8M | $13.1M | ||
| Q2 24 | $276.1M | $32.1M | ||
| Q1 24 | $246.2M | $37.3M |
总债务EXLSPLAY
| Q4 25 | $298.6M | $1.6B | ||
| Q3 25 | $354.8M | $1.6B | ||
| Q2 25 | $260.0M | $1.6B | ||
| Q1 25 | $307.3M | $1.5B | ||
| Q4 24 | $288.5M | $1.5B | ||
| Q3 24 | $344.7M | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益EXLSPLAY
| Q4 25 | $912.7M | $130.8M | ||
| Q3 25 | $952.4M | $166.2M | ||
| Q2 25 | $1.1B | $146.8M | ||
| Q1 25 | $1.0B | $145.8M | ||
| Q4 24 | $929.9M | $226.6M | ||
| Q3 24 | $907.6M | $284.4M | ||
| Q2 24 | $852.6M | $292.5M | ||
| Q1 24 | $803.3M | $251.2M |
总资产EXLSPLAY
| Q4 25 | $1.7B | $4.1B | ||
| Q3 25 | $1.7B | $4.1B | ||
| Q2 25 | $1.7B | $4.1B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.6B | $3.9B | ||
| Q3 24 | $1.6B | $3.8B | ||
| Q2 24 | $1.5B | $3.8B | ||
| Q1 24 | $1.4B | $3.8B |
负债/权益比EXLSPLAY
| Q4 25 | 0.33× | 12.17× | ||
| Q3 25 | 0.37× | 9.57× | ||
| Q2 25 | 0.25× | 10.98× | ||
| Q1 25 | 0.30× | 10.45× | ||
| Q4 24 | 0.31× | 6.58× | ||
| Q3 24 | 0.38× | 4.72× | ||
| Q2 24 | — | 4.58× | ||
| Q1 24 | — | 5.33× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-20.6M |
| 自由现金流率自由现金流/营收 | 19.6% | -4.6% |
| 资本支出强度资本支出/营收 | 2.0% | 17.5% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-195.6M |
8季度趋势，按日历期对齐
经营现金流EXLSPLAY
| Q4 25 | $117.4M | $58.0M | ||
| Q3 25 | $120.7M | $34.0M | ||
| Q2 25 | $109.4M | $95.8M | ||
| Q1 25 | $3.2M | $108.9M | ||
| Q4 24 | $105.3M | $-7.2M | ||
| Q3 24 | $110.1M | $101.8M | ||
| Q2 24 | $74.9M | $108.8M | ||
| Q1 24 | $-21.9M | $97.2M |
自由现金流EXLSPLAY
| Q4 25 | $106.5M | $-20.6M | ||
| Q3 25 | $106.4M | $-55.2M | ||
| Q2 25 | $95.0M | $-58.8M | ||
| Q1 25 | $-9.7M | $-61.0M | ||
| Q4 24 | $95.3M | $-138.4M | ||
| Q3 24 | $97.3M | $-14.3M | ||
| Q2 24 | $62.8M | $-4.2M | ||
| Q1 24 | $-33.1M | $-25.4M |
自由现金流率EXLSPLAY
| Q4 25 | 19.6% | -4.6% | ||
| Q3 25 | 20.1% | -9.9% | ||
| Q2 25 | 18.5% | -10.4% | ||
| Q1 25 | -1.9% | -11.4% | ||
| Q4 24 | 19.8% | -30.6% | ||
| Q3 24 | 20.6% | -2.6% | ||
| Q2 24 | 14.0% | -0.7% | ||
| Q1 24 | -7.6% | -4.2% |
资本支出强度EXLSPLAY
| Q4 25 | 2.0% | 17.5% | ||
| Q3 25 | 2.7% | 16.0% | ||
| Q2 25 | 2.8% | 27.2% | ||
| Q1 25 | 2.6% | 31.8% | ||
| Q4 24 | 2.1% | 29.0% | ||
| Q3 24 | 2.7% | 20.8% | ||
| Q2 24 | 2.7% | 19.2% | ||
| Q1 24 | 2.6% | 20.5% |
现金转化率EXLSPLAY
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.08× | 2.98× | ||
| Q2 25 | 1.66× | 4.41× | ||
| Q1 25 | 0.05× | 11.71× | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.08× | 2.53× | ||
| Q2 24 | 1.63× | 2.63× | ||
| Q1 24 | -0.45× | 2.69× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
