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ExlService Holdings, Inc.（EXLS）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
STEPAN CO的季度营收约是ExlService Holdings, Inc.的1.1倍（$604.5M vs $542.6M），ExlService Holdings, Inc.净利率更高（11.1% vs 3.3%，领先7.8%），ExlService Holdings, Inc.同比增速更快（12.7% vs 1.9%），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 4.2%）
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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
EXLS vs SCL — 直观对比
营收规模更大
SCL
是对方的1.1倍
$542.6M
营收增速更快
EXLS
高出10.8%
1.9%
净利率更高
EXLS
高出7.8%
3.3%
两年增速更快
EXLS
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $604.5M |
| 净利润 | $60.2M | $19.7M |
| 毛利率 | 38.6% | 10.7% |
| 营业利润率 | 14.4% | 4.7% |
| 净利率 | 11.1% | 3.3% |
| 营收同比 | 12.7% | 1.9% |
| 净利润同比 | 18.9% | — |
| 每股收益（稀释后） | $0.38 | $0.86 |
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EXLSSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $542.6M | $553.9M | ||
| Q3 25 | $529.6M | $590.3M | ||
| Q2 25 | $514.5M | $594.7M | ||
| Q1 25 | $501.0M | $593.3M | ||
| Q4 24 | $481.4M | $525.6M | ||
| Q3 24 | $472.1M | $546.8M | ||
| Q2 24 | $448.4M | $556.4M |
净利润EXLSSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $60.2M | $5.0M | ||
| Q3 25 | $58.2M | $10.8M | ||
| Q2 25 | $66.1M | $11.3M | ||
| Q1 25 | $66.6M | $19.7M | ||
| Q4 24 | $50.7M | $3.4M | ||
| Q3 24 | $53.0M | $23.6M | ||
| Q2 24 | $45.8M | $9.5M |
毛利率EXLSSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | 38.6% | 9.3% | ||
| Q3 25 | 38.5% | 12.0% | ||
| Q2 25 | 37.7% | 12.1% | ||
| Q1 25 | 38.6% | 12.7% | ||
| Q4 24 | 38.1% | 10.8% | ||
| Q3 24 | 37.8% | 13.8% | ||
| Q2 24 | 37.1% | 12.5% |
营业利润率EXLSSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 14.4% | 1.9% | ||
| Q3 25 | 14.4% | 3.7% | ||
| Q2 25 | 15.8% | 3.0% | ||
| Q1 25 | 15.7% | 4.8% | ||
| Q4 24 | 14.8% | 1.5% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | 13.7% | 3.4% |
净利率EXLSSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 11.1% | 0.9% | ||
| Q3 25 | 11.0% | 1.8% | ||
| Q2 25 | 12.8% | 1.9% | ||
| Q1 25 | 13.3% | 3.3% | ||
| Q4 24 | 10.5% | 0.6% | ||
| Q3 24 | 11.2% | 4.3% | ||
| Q2 24 | 10.2% | 1.7% |
每股收益（稀释后）EXLSSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.38 | $0.22 | ||
| Q3 25 | $0.36 | $0.47 | ||
| Q2 25 | $0.40 | $0.50 | ||
| Q1 25 | $0.40 | $0.86 | ||
| Q4 24 | $0.31 | $0.14 | ||
| Q3 24 | $0.33 | $1.03 | ||
| Q2 24 | $0.28 | $0.42 |
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 | — |
| 总债务越低越好 | $298.6M | $328.4M |
| 股东权益账面价值 | $912.7M | $1.2B |
| 总资产 | $1.7B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | $328.4M | $132.7M | ||
| Q3 25 | $390.1M | $118.5M | ||
| Q2 25 | $353.3M | $88.9M | ||
| Q1 25 | $331.4M | $107.5M | ||
| Q4 24 | $340.6M | $99.7M | ||
| Q3 24 | $325.8M | $147.3M | ||
| Q2 24 | $276.1M | $124.7M |
总债务EXLSSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $298.6M | $626.7M | ||
| Q3 25 | $354.8M | $655.5M | ||
| Q2 25 | $260.0M | $658.0M | ||
| Q1 25 | $307.3M | $659.3M | ||
| Q4 24 | $288.5M | $625.4M | ||
| Q3 24 | $344.7M | $688.5M | ||
| Q2 24 | — | $657.1M |
股东权益EXLSSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $912.7M | $1.2B | ||
| Q3 25 | $952.4M | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $929.9M | $1.2B | ||
| Q3 24 | $907.6M | $1.2B | ||
| Q2 24 | $852.6M | $1.2B |
总资产EXLSSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.5B | $2.3B |
负债/权益比EXLSSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.33× | 0.50× | ||
| Q3 25 | 0.37× | 0.53× | ||
| Q2 25 | 0.25× | 0.53× | ||
| Q1 25 | 0.30× | 0.55× | ||
| Q4 24 | 0.31× | 0.53× | ||
| Q3 24 | 0.38× | 0.56× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $106.5M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | $117.4M | $60.0M | ||
| Q3 25 | $120.7M | $69.8M | ||
| Q2 25 | $109.4M | $11.2M | ||
| Q1 25 | $3.2M | $6.9M | ||
| Q4 24 | $105.3M | $68.3M | ||
| Q3 24 | $110.1M | $22.7M | ||
| Q2 24 | $74.9M | $29.5M |
自由现金流EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | $106.5M | $25.4M | ||
| Q3 25 | $106.4M | $40.2M | ||
| Q2 25 | $95.0M | $-14.4M | ||
| Q1 25 | $-9.7M | $-25.8M | ||
| Q4 24 | $95.3M | $32.1M | ||
| Q3 24 | $97.3M | $-4.0M | ||
| Q2 24 | $62.8M | $-208.0K |
自由现金流率EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | 4.6% | ||
| Q3 25 | 20.1% | 6.8% | ||
| Q2 25 | 18.5% | -2.4% | ||
| Q1 25 | -1.9% | -4.3% | ||
| Q4 24 | 19.8% | 6.1% | ||
| Q3 24 | 20.6% | -0.7% | ||
| Q2 24 | 14.0% | -0.0% |
资本支出强度EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 6.3% | ||
| Q3 25 | 2.7% | 5.0% | ||
| Q2 25 | 2.8% | 4.3% | ||
| Q1 25 | 2.6% | 5.5% | ||
| Q4 24 | 2.1% | 6.9% | ||
| Q3 24 | 2.7% | 4.9% | ||
| Q2 24 | 2.7% | 5.3% |
现金转化率EXLSSCL
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 11.99× | ||
| Q3 25 | 2.08× | 6.44× | ||
| Q2 25 | 1.66× | 0.99× | ||
| Q1 25 | 0.05× | 0.35× | ||
| Q4 24 | 2.08× | 20.38× | ||
| Q3 24 | 2.08× | 0.96× | ||
| Q2 24 | 1.63× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
