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ExlService Holdings, Inc.（EXLS）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是ExlService Holdings, Inc.的1.0倍（$560.0M vs $542.6M），SLM Corp净利率更高（55.0% vs 11.1%，领先43.9%），过去两年SLM Corp的营收复合增速更高（22.7% vs 11.5%）
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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
EXLS vs SLM — 直观对比
营收规模更大
SLM
是对方的1.0倍
$542.6M
净利率更高
SLM
高出43.9%
11.1%
两年增速更快
SLM
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $560.0M |
| 净利润 | $60.2M | $308.0M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 14.4% | 69.6% |
| 净利率 | 11.1% | 55.0% |
| 营收同比 | 12.7% | — |
| 净利润同比 | 18.9% | 1.0% |
| 每股收益（稀释后） | $0.38 | $1.54 |
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EXLSSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $542.6M | $377.1M | ||
| Q3 25 | $529.6M | $373.0M | ||
| Q2 25 | $514.5M | $376.8M | ||
| Q1 25 | $501.0M | $375.0M | ||
| Q4 24 | $481.4M | $362.2M | ||
| Q3 24 | $472.1M | $359.4M | ||
| Q2 24 | $448.4M | $372.2M |
净利润EXLSSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $60.2M | $233.2M | ||
| Q3 25 | $58.2M | $135.8M | ||
| Q2 25 | $66.1M | $71.3M | ||
| Q1 25 | $66.6M | $304.5M | ||
| Q4 24 | $50.7M | $111.6M | ||
| Q3 24 | $53.0M | $-45.2M | ||
| Q2 24 | $45.8M | $252.0M |
毛利率EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.1% | — |
营业利润率EXLSSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 14.4% | 83.8% | ||
| Q3 25 | 14.4% | 49.8% | ||
| Q2 25 | 15.8% | 23.3% | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 14.8% | 36.5% | ||
| Q3 24 | 14.7% | -16.6% | ||
| Q2 24 | 13.7% | 91.0% |
净利率EXLSSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 11.1% | 61.8% | ||
| Q3 25 | 11.0% | 36.4% | ||
| Q2 25 | 12.8% | 18.9% | ||
| Q1 25 | 13.3% | 81.2% | ||
| Q4 24 | 10.5% | 30.8% | ||
| Q3 24 | 11.2% | -12.6% | ||
| Q2 24 | 10.2% | 67.7% |
每股收益（稀释后）EXLSSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $0.38 | $1.11 | ||
| Q3 25 | $0.36 | $0.63 | ||
| Q2 25 | $0.40 | $0.32 | ||
| Q1 25 | $0.40 | $1.40 | ||
| Q4 24 | $0.31 | $0.53 | ||
| Q3 24 | $0.33 | $-0.23 | ||
| Q2 24 | $0.28 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $298.6M | $6.2B |
| 股东权益账面价值 | $912.7M | $2.4B |
| 总资产 | $1.7B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资EXLSSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $328.4M | $4.2B | ||
| Q3 25 | $390.1M | $3.5B | ||
| Q2 25 | $353.3M | $4.1B | ||
| Q1 25 | $331.4M | $3.7B | ||
| Q4 24 | $340.6M | $4.7B | ||
| Q3 24 | $325.8M | $4.5B | ||
| Q2 24 | $276.1M | $5.3B |
总债务EXLSSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $298.6M | $5.4B | ||
| Q3 25 | $354.8M | $6.8B | ||
| Q2 25 | $260.0M | $6.4B | ||
| Q1 25 | $307.3M | $6.1B | ||
| Q4 24 | $288.5M | $6.4B | ||
| Q3 24 | $344.7M | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益EXLSSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $912.7M | $2.5B | ||
| Q3 25 | $952.4M | $2.3B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $929.9M | $2.2B | ||
| Q3 24 | $907.6M | $2.1B | ||
| Q2 24 | $852.6M | $2.3B |
总资产EXLSSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $1.7B | $29.7B | ||
| Q3 25 | $1.7B | $29.6B | ||
| Q2 25 | $1.7B | $29.6B | ||
| Q1 25 | $1.7B | $28.9B | ||
| Q4 24 | $1.6B | $30.1B | ||
| Q3 24 | $1.6B | $30.0B | ||
| Q2 24 | $1.5B | $28.8B |
负债/权益比EXLSSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.33× | 2.19× | ||
| Q3 25 | 0.37× | 2.92× | ||
| Q2 25 | 0.25× | 2.70× | ||
| Q1 25 | 0.30× | 2.56× | ||
| Q4 24 | 0.31× | 2.98× | ||
| Q3 24 | 0.38× | 2.83× | ||
| Q2 24 | — | 2.37× |
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EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | $117.4M | $-64.5M | ||
| Q3 25 | $120.7M | $-49.3M | ||
| Q2 25 | $109.4M | $-138.7M | ||
| Q1 25 | $3.2M | $-146.1M | ||
| Q4 24 | $105.3M | $4.5M | ||
| Q3 24 | $110.1M | $-113.4M | ||
| Q2 24 | $74.9M | $-143.8M |
自由现金流EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | $106.5M | — | ||
| Q3 25 | $106.4M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-9.7M | — | ||
| Q4 24 | $95.3M | — | ||
| Q3 24 | $97.3M | — | ||
| Q2 24 | $62.8M | — |
自由现金流率EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 20.1% | — | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 14.0% | — |
资本支出强度EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.7% | — |
现金转化率EXLSSLM
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | -0.28× | ||
| Q3 25 | 2.08× | -0.36× | ||
| Q2 25 | 1.66× | -1.95× | ||
| Q1 25 | 0.05× | -0.48× | ||
| Q4 24 | 2.08× | 0.04× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
