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ExlService Holdings, Inc.（EXLS）与SPIRE INC（SR）财务数据对比。点击上方公司名可切换其他公司
SPIRE INC的季度营收约是ExlService Holdings, Inc.的1.4倍（$762.2M vs $542.6M），SPIRE INC净利率更高（12.5% vs 11.1%，领先1.4%），SPIRE INC同比增速更快（13.9% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-121.8M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
EXLS vs SR — 直观对比
营收规模更大
SR
是对方的1.4倍
$542.6M
营收增速更快
SR
高出1.2%
12.7%
净利率更高
SR
高出1.4%
11.1%
自由现金流更多
EXLS
多$228.3M
$-121.8M
两年增速更快
EXLS
近两年复合增速
-17.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $762.2M |
| 净利润 | $60.2M | $95.0M |
| 毛利率 | 38.6% | 55.1% |
| 营业利润率 | 14.4% | 22.8% |
| 净利率 | 11.1% | 12.5% |
| 营收同比 | 12.7% | 13.9% |
| 净利润同比 | 18.9% | 16.9% |
| 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EXLSSR
| Q4 25 | $542.6M | $762.2M | ||
| Q3 25 | $529.6M | $334.1M | ||
| Q2 25 | $514.5M | $421.9M | ||
| Q1 25 | $501.0M | $1.1B | ||
| Q4 24 | $481.4M | $669.1M | ||
| Q3 24 | $472.1M | $293.8M | ||
| Q2 24 | $448.4M | $414.1M | ||
| Q1 24 | $436.5M | $1.1B |
净利润EXLSSR
| Q4 25 | $60.2M | $95.0M | ||
| Q3 25 | $58.2M | $-39.8M | ||
| Q2 25 | $66.1M | $20.9M | ||
| Q1 25 | $66.6M | $209.3M | ||
| Q4 24 | $50.7M | $81.3M | ||
| Q3 24 | $53.0M | $-25.9M | ||
| Q2 24 | $45.8M | $-12.6M | ||
| Q1 24 | $48.8M | $204.3M |
毛利率EXLSSR
| Q4 25 | 38.6% | 55.1% | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | 38.1% | 55.6% | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 37.4% | — |
营业利润率EXLSSR
| Q4 25 | 14.4% | 22.8% | ||
| Q3 25 | 14.4% | -0.1% | ||
| Q2 25 | 15.8% | 16.4% | ||
| Q1 25 | 15.7% | 29.1% | ||
| Q4 24 | 14.8% | 22.2% | ||
| Q3 24 | 14.7% | 6.7% | ||
| Q2 24 | 13.7% | 7.4% | ||
| Q1 24 | 14.1% | 26.5% |
净利率EXLSSR
| Q4 25 | 11.1% | 12.5% | ||
| Q3 25 | 11.0% | -11.9% | ||
| Q2 25 | 12.8% | 5.0% | ||
| Q1 25 | 13.3% | 19.9% | ||
| Q4 24 | 10.5% | 12.2% | ||
| Q3 24 | 11.2% | -8.8% | ||
| Q2 24 | 10.2% | -3.0% | ||
| Q1 24 | 11.2% | 18.1% |
每股收益（稀释后）EXLSSR
| Q4 25 | $0.38 | $1.54 | ||
| Q3 25 | $0.36 | $-0.77 | ||
| Q2 25 | $0.40 | $0.29 | ||
| Q1 25 | $0.40 | $3.51 | ||
| Q4 24 | $0.31 | $1.34 | ||
| Q3 24 | $0.33 | $-0.63 | ||
| Q2 24 | $0.28 | $-0.28 | ||
| Q1 24 | $0.29 | $3.58 |
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 | $4.1M |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $3.4B |
| 总资产 | $1.7B | $11.9B |
| 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EXLSSR
| Q4 25 | $328.4M | $4.1M | ||
| Q3 25 | $390.1M | $5.7M | ||
| Q2 25 | $353.3M | $13.1M | ||
| Q1 25 | $331.4M | $15.2M | ||
| Q4 24 | $340.6M | $11.5M | ||
| Q3 24 | $325.8M | $4.5M | ||
| Q2 24 | $276.1M | $7.4M | ||
| Q1 24 | $246.2M | $25.6M |
总债务EXLSSR
| 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EXLSSR
| Q4 25 | $912.7M | $3.4B | ||
| Q3 25 | $952.4M | $3.4B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $929.9M | $3.3B | ||
| Q3 24 | $907.6M | $3.2B | ||
| Q2 24 | $852.6M | $3.3B | ||
| Q1 24 | $803.3M | $3.4B |
总资产EXLSSR
| Q4 25 | $1.7B | $11.9B | ||
| Q3 25 | $1.7B | $11.6B | ||
| Q2 25 | $1.7B | $11.4B | ||
| Q1 25 | $1.7B | $11.3B | ||
| Q4 24 | $1.6B | $11.3B | ||
| Q3 24 | $1.6B | $10.9B | ||
| Q2 24 | $1.5B | $10.7B | ||
| Q1 24 | $1.4B | $10.7B |
负债/权益比EXLSSR
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-121.8M |
| 自由现金流率自由现金流/营收 | 19.6% | -16.0% |
| 资本支出强度资本支出/营收 | 2.0% | 26.6% |
| 现金转化率经营现金流/净利润 | 1.95× | 0.85× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-286.7M |
8季度趋势，按日历期对齐
经营现金流EXLSSR
| Q4 25 | $117.4M | $81.0M | ||
| Q3 25 | $120.7M | $-4.9M | ||
| Q2 25 | $109.4M | $129.1M | ||
| Q1 25 | $3.2M | $372.7M | ||
| Q4 24 | $105.3M | $81.1M | ||
| Q3 24 | $110.1M | $82.9M | ||
| Q2 24 | $74.9M | $270.1M | ||
| Q1 24 | $-21.9M | $489.4M |
自由现金流EXLSSR
| Q4 25 | $106.5M | $-121.8M | ||
| Q3 25 | $106.4M | $-227.6M | ||
| Q2 25 | $95.0M | $-91.4M | ||
| Q1 25 | $-9.7M | $154.1M | ||
| Q4 24 | $95.3M | $-179.5M | ||
| Q3 24 | $97.3M | $-146.9M | ||
| Q2 24 | $62.8M | $47.9M | ||
| Q1 24 | $-33.1M | $306.6M |
自由现金流率EXLSSR
| Q4 25 | 19.6% | -16.0% | ||
| Q3 25 | 20.1% | -68.1% | ||
| Q2 25 | 18.5% | -21.7% | ||
| Q1 25 | -1.9% | 14.7% | ||
| Q4 24 | 19.8% | -26.8% | ||
| Q3 24 | 20.6% | -50.0% | ||
| Q2 24 | 14.0% | 11.6% | ||
| Q1 24 | -7.6% | 27.2% |
资本支出强度EXLSSR
| Q4 25 | 2.0% | 26.6% | ||
| Q3 25 | 2.7% | 66.7% | ||
| Q2 25 | 2.8% | 52.3% | ||
| Q1 25 | 2.6% | 20.8% | ||
| Q4 24 | 2.1% | 38.9% | ||
| Q3 24 | 2.7% | 78.2% | ||
| Q2 24 | 2.7% | 53.7% | ||
| Q1 24 | 2.6% | 16.2% |
现金转化率EXLSSR
| Q4 25 | 1.95× | 0.85× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.66× | 6.18× | ||
| Q1 25 | 0.05× | 1.78× | ||
| Q4 24 | 2.08× | 1.00× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | 2.40× |
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% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
