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ExlService Holdings, Inc.（EXLS）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是ExlService Holdings, Inc.的1.6倍（$883.8M vs $542.6M），ExlService Holdings, Inc.净利率更高（11.1% vs 4.1%，领先7.0%），ExlService Holdings, Inc.同比增速更快（12.7% vs 8.9%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $83.0M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 9.4%）
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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
EXLS vs RH — 直观对比
营收规模更大
RH
是对方的1.6倍
$542.6M
营收增速更快
EXLS
高出3.8%
8.9%
净利率更高
EXLS
高出7.0%
4.1%
自由现金流更多
EXLS
多$23.5M
$83.0M
两年增速更快
EXLS
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $883.8M |
| 净利润 | $60.2M | $36.3M |
| 毛利率 | 38.6% | 44.1% |
| 营业利润率 | 14.4% | 12.0% |
| 净利率 | 11.1% | 4.1% |
| 营收同比 | 12.7% | 8.9% |
| 净利润同比 | 18.9% | 9.3% |
| 每股收益（稀释后） | $0.38 | $1.83 |
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EXLSRH
| Q4 25 | $542.6M | $883.8M | ||
| Q3 25 | $529.6M | $899.2M | ||
| Q2 25 | $514.5M | $814.0M | ||
| Q1 25 | $501.0M | $812.4M | ||
| Q4 24 | $481.4M | $811.7M | ||
| Q3 24 | $472.1M | $829.7M | ||
| Q2 24 | $448.4M | $727.0M | ||
| Q1 24 | $436.5M | $738.3M |
净利润EXLSRH
| Q4 25 | $60.2M | $36.3M | ||
| Q3 25 | $58.2M | $51.7M | ||
| Q2 25 | $66.1M | $8.0M | ||
| Q1 25 | $66.6M | $13.9M | ||
| Q4 24 | $50.7M | $33.2M | ||
| Q3 24 | $53.0M | $29.0M | ||
| Q2 24 | $45.8M | $-3.6M | ||
| Q1 24 | $48.8M | $11.4M |
毛利率EXLSRH
| Q4 25 | 38.6% | 44.1% | ||
| Q3 25 | 38.5% | 45.5% | ||
| Q2 25 | 37.7% | 43.7% | ||
| Q1 25 | 38.6% | 44.7% | ||
| Q4 24 | 38.1% | 44.5% | ||
| Q3 24 | 37.8% | 45.2% | ||
| Q2 24 | 37.1% | 43.5% | ||
| Q1 24 | 37.4% | 43.5% |
营业利润率EXLSRH
| Q4 25 | 14.4% | 12.0% | ||
| Q3 25 | 14.4% | 14.3% | ||
| Q2 25 | 15.8% | 6.9% | ||
| Q1 25 | 15.7% | 8.7% | ||
| Q4 24 | 14.8% | 12.5% | ||
| Q3 24 | 14.7% | 11.6% | ||
| Q2 24 | 13.7% | 7.5% | ||
| Q1 24 | 14.1% | 8.7% |
净利率EXLSRH
| Q4 25 | 11.1% | 4.1% | ||
| Q3 25 | 11.0% | 5.8% | ||
| Q2 25 | 12.8% | 1.0% | ||
| Q1 25 | 13.3% | 1.7% | ||
| Q4 24 | 10.5% | 4.1% | ||
| Q3 24 | 11.2% | 3.5% | ||
| Q2 24 | 10.2% | -0.5% | ||
| Q1 24 | 11.2% | 1.5% |
每股收益（稀释后）EXLSRH
| Q4 25 | $0.38 | $1.83 | ||
| Q3 25 | $0.36 | $2.62 | ||
| Q2 25 | $0.40 | $0.40 | ||
| Q1 25 | $0.40 | $0.71 | ||
| Q4 24 | $0.31 | $1.66 | ||
| Q3 24 | $0.33 | $1.45 | ||
| Q2 24 | $0.28 | $-0.20 | ||
| Q1 24 | $0.29 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $3.3M |
| 总资产 | $1.7B | $4.8B |
| 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EXLSRH
| Q4 25 | $328.4M | $43.1M | ||
| Q3 25 | $390.1M | $34.6M | ||
| Q2 25 | $353.3M | $46.1M | ||
| Q1 25 | $331.4M | $30.4M | ||
| Q4 24 | $340.6M | $87.0M | ||
| Q3 24 | $325.8M | $78.3M | ||
| Q2 24 | $276.1M | $101.8M | ||
| Q1 24 | $246.2M | $123.7M |
总债务EXLSRH
| 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EXLSRH
| Q4 25 | $912.7M | $3.3M | ||
| Q3 25 | $952.4M | $-40.9M | ||
| Q2 25 | $1.1B | $-110.8M | ||
| Q1 25 | $1.0B | $-163.6M | ||
| Q4 24 | $929.9M | $-183.0M | ||
| Q3 24 | $907.6M | $-234.7M | ||
| Q2 24 | $852.6M | $-289.9M | ||
| Q1 24 | $803.3M | $-297.4M |
总资产EXLSRH
| Q4 25 | $1.7B | $4.8B | ||
| Q3 25 | $1.7B | $4.7B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.7B | $4.6B | ||
| Q4 24 | $1.6B | $4.5B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.5B | $4.2B | ||
| Q1 24 | $1.4B | $4.1B |
负债/权益比EXLSRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $83.0M |
| 自由现金流率自由现金流/营收 | 19.6% | 9.4% |
| 资本支出强度资本支出/营收 | 2.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $128.1M |
8季度趋势，按日历期对齐
经营现金流EXLSRH
| Q4 25 | $117.4M | $131.9M | ||
| Q3 25 | $120.7M | $137.7M | ||
| Q2 25 | $109.4M | $86.6M | ||
| Q1 25 | $3.2M | $-18.8M | ||
| Q4 24 | $105.3M | $-31.4M | ||
| Q3 24 | $110.1M | $11.2M | ||
| Q2 24 | $74.9M | $56.1M | ||
| Q1 24 | $-21.9M | $-114.0M |
自由现金流EXLSRH
| Q4 25 | $106.5M | $83.0M | ||
| Q3 25 | $106.4M | $80.7M | ||
| Q2 25 | $95.0M | $34.1M | ||
| Q1 25 | $-9.7M | $-69.7M | ||
| Q4 24 | $95.3M | $-96.0M | ||
| Q3 24 | $97.3M | $-37.9M | ||
| Q2 24 | $62.8M | $-10.1M | ||
| Q1 24 | $-33.1M | $-251.5M |
自由现金流率EXLSRH
| Q4 25 | 19.6% | 9.4% | ||
| Q3 25 | 20.1% | 9.0% | ||
| Q2 25 | 18.5% | 4.2% | ||
| Q1 25 | -1.9% | -8.6% | ||
| Q4 24 | 19.8% | -11.8% | ||
| Q3 24 | 20.6% | -4.6% | ||
| Q2 24 | 14.0% | -1.4% | ||
| Q1 24 | -7.6% | -34.1% |
资本支出强度EXLSRH
| Q4 25 | 2.0% | 5.5% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 2.8% | 6.5% | ||
| Q1 25 | 2.6% | 6.3% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 2.7% | 5.9% | ||
| Q2 24 | 2.7% | 9.1% | ||
| Q1 24 | 2.6% | 18.6% |
现金转化率EXLSRH
| Q4 25 | 1.95× | 3.64× | ||
| Q3 25 | 2.08× | 2.66× | ||
| Q2 25 | 1.66× | 10.78× | ||
| Q1 25 | 0.05× | -1.35× | ||
| Q4 24 | 2.08× | -0.95× | ||
| Q3 24 | 2.08× | 0.39× | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
