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ExlService Holdings, Inc.（EXLS）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.5倍（$542.6M vs $370.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 11.1%，领先1.3%），ExlService Holdings, Inc.同比增速更快（12.7% vs -0.8%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-67.5M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
EXLS vs SPH — 直观对比
营收规模更大
EXLS
是对方的1.5倍
$370.4M
营收增速更快
EXLS
高出13.5%
-0.8%
净利率更高
SPH
高出1.3%
11.1%
自由现金流更多
EXLS
多$174.0M
$-67.5M
两年增速更快
EXLS
近两年复合增速
-13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $370.4M |
| 净利润 | $60.2M | $45.8M |
| 毛利率 | 38.6% | 64.7% |
| 营业利润率 | 14.4% | 18.3% |
| 净利率 | 11.1% | 12.4% |
| 营收同比 | 12.7% | -0.8% |
| 净利润同比 | 18.9% | 135.7% |
| 每股收益（稀释后） | $0.38 | $0.69 |
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EXLSSPH
| Q4 25 | $542.6M | $370.4M | ||
| Q3 25 | $529.6M | $211.4M | ||
| Q2 25 | $514.5M | $260.1M | ||
| Q1 25 | $501.0M | $587.7M | ||
| Q4 24 | $481.4M | $373.3M | ||
| Q3 24 | $472.1M | $208.6M | ||
| Q2 24 | $448.4M | $254.6M | ||
| Q1 24 | $436.5M | $498.1M |
净利润EXLSSPH
| Q4 25 | $60.2M | $45.8M | ||
| Q3 25 | $58.2M | $-35.1M | ||
| Q2 25 | $66.1M | $-14.8M | ||
| Q1 25 | $66.6M | $137.1M | ||
| Q4 24 | $50.7M | $19.4M | ||
| Q3 24 | $53.0M | $-44.6M | ||
| Q2 24 | $45.8M | $-17.2M | ||
| Q1 24 | $48.8M | $111.5M |
毛利率EXLSSPH
| Q4 25 | 38.6% | 64.7% | ||
| Q3 25 | 38.5% | 64.7% | ||
| Q2 25 | 37.7% | 61.7% | ||
| Q1 25 | 38.6% | 58.8% | ||
| Q4 24 | 38.1% | 60.6% | ||
| Q3 24 | 37.8% | 59.4% | ||
| Q2 24 | 37.1% | 62.9% | ||
| Q1 24 | 37.4% | 61.8% |
营业利润率EXLSSPH
| Q4 25 | 14.4% | 18.3% | ||
| Q3 25 | 14.4% | -7.9% | ||
| Q2 25 | 15.8% | 2.1% | ||
| Q1 25 | 15.7% | 27.0% | ||
| Q4 24 | 14.8% | 15.8% | ||
| Q3 24 | 14.7% | -10.8% | ||
| Q2 24 | 13.7% | 3.2% | ||
| Q1 24 | 14.1% | 27.5% |
净利率EXLSSPH
| Q4 25 | 11.1% | 12.4% | ||
| Q3 25 | 11.0% | -16.6% | ||
| Q2 25 | 12.8% | -5.7% | ||
| Q1 25 | 13.3% | 23.3% | ||
| Q4 24 | 10.5% | 5.2% | ||
| Q3 24 | 11.2% | -21.4% | ||
| Q2 24 | 10.2% | -6.8% | ||
| Q1 24 | 11.2% | 22.4% |
每股收益（稀释后）EXLSSPH
| Q4 25 | $0.38 | $0.69 | ||
| Q3 25 | $0.36 | $-0.55 | ||
| Q2 25 | $0.40 | $-0.23 | ||
| Q1 25 | $0.40 | $2.10 | ||
| Q4 24 | $0.31 | $0.30 | ||
| Q3 24 | $0.33 | $-0.69 | ||
| Q2 24 | $0.28 | $-0.27 | ||
| Q1 24 | $0.29 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $298.6M | $1.3B |
| 股东权益账面价值 | $912.7M | — |
| 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EXLSSPH
| Q4 25 | $328.4M | $1.3M | ||
| Q3 25 | $390.1M | $405.0K | ||
| Q2 25 | $353.3M | $1.3M | ||
| Q1 25 | $331.4M | $3.9M | ||
| Q4 24 | $340.6M | $4.4M | ||
| Q3 24 | $325.8M | $3.2M | ||
| Q2 24 | $276.1M | $4.9M | ||
| Q1 24 | $246.2M | $4.4M |
总债务EXLSSPH
| Q4 25 | $298.6M | $1.3B | ||
| Q3 25 | $354.8M | $1.2B | ||
| Q2 25 | $260.0M | $1.2B | ||
| Q1 25 | $307.3M | $1.3B | ||
| Q4 24 | $288.5M | $1.3B | ||
| Q3 24 | $344.7M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益EXLSSPH
| Q4 25 | $912.7M | — | ||
| Q3 25 | $952.4M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $929.9M | — | ||
| Q3 24 | $907.6M | — | ||
| Q2 24 | $852.6M | — | ||
| Q1 24 | $803.3M | — |
总资产EXLSSPH
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.4B | $2.3B |
负债/权益比EXLSSPH
| 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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-67.5M |
| 自由现金流率自由现金流/营收 | 19.6% | -18.2% |
| 资本支出强度资本支出/营收 | 2.0% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.95× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $61.9M |
8季度趋势，按日历期对齐
经营现金流EXLSSPH
| Q4 25 | $117.4M | $-47.7M | ||
| Q3 25 | $120.7M | $41.8M | ||
| Q2 25 | $109.4M | $95.5M | ||
| Q1 25 | $3.2M | $40.1M | ||
| Q4 24 | $105.3M | $8.8M | ||
| Q3 24 | $110.1M | $36.8M | ||
| Q2 24 | $74.9M | $61.4M | ||
| Q1 24 | $-21.9M | $75.1M |
自由现金流EXLSSPH
| Q4 25 | $106.5M | $-67.5M | ||
| Q3 25 | $106.4M | $27.7M | ||
| Q2 25 | $95.0M | $80.9M | ||
| Q1 25 | $-9.7M | $20.8M | ||
| Q4 24 | $95.3M | $-15.1M | ||
| Q3 24 | $97.3M | $17.7M | ||
| Q2 24 | $62.8M | $46.8M | ||
| Q1 24 | $-33.1M | $60.6M |
自由现金流率EXLSSPH
| Q4 25 | 19.6% | -18.2% | ||
| Q3 25 | 20.1% | 13.1% | ||
| Q2 25 | 18.5% | 31.1% | ||
| Q1 25 | -1.9% | 3.5% | ||
| Q4 24 | 19.8% | -4.0% | ||
| Q3 24 | 20.6% | 8.5% | ||
| Q2 24 | 14.0% | 18.4% | ||
| Q1 24 | -7.6% | 12.2% |
资本支出强度EXLSSPH
| Q4 25 | 2.0% | 5.3% | ||
| Q3 25 | 2.7% | 6.7% | ||
| Q2 25 | 2.8% | 5.6% | ||
| Q1 25 | 2.6% | 3.3% | ||
| Q4 24 | 2.1% | 6.4% | ||
| Q3 24 | 2.7% | 9.1% | ||
| Q2 24 | 2.7% | 5.8% | ||
| Q1 24 | 2.6% | 2.9% |
现金转化率EXLSSPH
| Q4 25 | 1.95× | -1.04× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | 0.05× | 0.29× | ||
| Q4 24 | 2.08× | 0.45× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
