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ExlService Holdings, Inc.（EXLS）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是ExlService Holdings, Inc.的1.9倍（$1.0B vs $542.6M），ExlService Holdings, Inc.净利率更高（11.1% vs 7.6%，领先3.5%），ExlService Holdings, Inc.同比增速更快（12.7% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $106.5M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
EXLS vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.9倍
$542.6M
营收增速更快
EXLS
高出4.1%
8.6%
净利率更高
EXLS
高出3.5%
7.6%
自由现金流更多
SWKS
多$232.5M
$106.5M
两年增速更快
EXLS
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $1.0B |
| 净利润 | $60.2M | $79.2M |
| 毛利率 | 38.6% | 41.3% |
| 营业利润率 | 14.4% | 10.0% |
| 净利率 | 11.1% | 7.6% |
| 营收同比 | 12.7% | 8.6% |
| 净利润同比 | 18.9% | 15.3% |
| 每股收益（稀释后） | $0.38 | $0.53 |
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EXLSSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $542.6M | $1.1B | ||
| Q3 25 | $529.6M | — | ||
| Q2 25 | $514.5M | $965.0M | ||
| Q1 25 | $501.0M | $953.2M | ||
| Q4 24 | $481.4M | $1.1B | ||
| Q3 24 | $472.1M | $1.0B | ||
| Q2 24 | $448.4M | $905.5M |
净利润EXLSSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $60.2M | $141.4M | ||
| Q3 25 | $58.2M | — | ||
| Q2 25 | $66.1M | $105.0M | ||
| Q1 25 | $66.6M | $68.7M | ||
| Q4 24 | $50.7M | $162.0M | ||
| Q3 24 | $53.0M | $60.5M | ||
| Q2 24 | $45.8M | $120.9M |
毛利率EXLSSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 38.6% | 40.7% | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | 41.6% | ||
| Q1 25 | 38.6% | 41.1% | ||
| Q4 24 | 38.1% | 41.4% | ||
| Q3 24 | 37.8% | 41.9% | ||
| Q2 24 | 37.1% | 40.2% |
营业利润率EXLSSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 14.4% | 10.1% | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 15.8% | 11.5% | ||
| Q1 25 | 15.7% | 10.2% | ||
| Q4 24 | 14.8% | 16.9% | ||
| Q3 24 | 14.7% | 5.8% | ||
| Q2 24 | 13.7% | 14.4% |
净利率EXLSSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 11.1% | 12.9% | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 12.8% | 10.9% | ||
| Q1 25 | 13.3% | 7.2% | ||
| Q4 24 | 10.5% | 15.2% | ||
| Q3 24 | 11.2% | 5.9% | ||
| Q2 24 | 10.2% | 13.4% |
每股收益（稀释后）EXLSSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.38 | $0.95 | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $0.40 | $0.70 | ||
| Q1 25 | $0.40 | $0.43 | ||
| Q4 24 | $0.31 | $1.00 | ||
| Q3 24 | $0.33 | $0.36 | ||
| Q2 24 | $0.28 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $298.6M | $496.6M |
| 股东权益账面价值 | $912.7M | $5.8B |
| 总资产 | $1.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资EXLSSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $328.4M | $1.4B | ||
| Q3 25 | $390.1M | — | ||
| Q2 25 | $353.3M | $1.3B | ||
| Q1 25 | $331.4M | $1.5B | ||
| Q4 24 | $340.6M | $1.7B | ||
| Q3 24 | $325.8M | $1.6B | ||
| Q2 24 | $276.1M | $1.3B |
总债务EXLSSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $298.6M | $496.4M | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | $496.2M | ||
| Q1 25 | $307.3M | $995.1M | ||
| Q4 24 | $288.5M | $994.7M | ||
| Q3 24 | $344.7M | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益EXLSSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $912.7M | $5.8B | ||
| Q3 25 | $952.4M | — | ||
| Q2 25 | $1.1B | $5.7B | ||
| Q1 25 | $1.0B | $5.9B | ||
| Q4 24 | $929.9M | $6.4B | ||
| Q3 24 | $907.6M | $6.3B | ||
| Q2 24 | $852.6M | $6.3B |
总资产EXLSSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $1.7B | $7.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | $7.7B | ||
| Q1 25 | $1.7B | $7.9B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.6B | $8.3B | ||
| Q2 24 | $1.5B | $8.2B |
负债/权益比EXLSSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.33× | 0.09× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | 0.09× | ||
| Q1 25 | 0.30× | 0.17× | ||
| Q4 24 | 0.31× | 0.16× | ||
| Q3 24 | 0.38× | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $339.0M |
| 自由现金流率自由现金流/营收 | 19.6% | 32.7% |
| 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× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $1.1B |
8季度趋势，按日历期对齐
经营现金流EXLSSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $117.4M | $200.0M | ||
| Q3 25 | $120.7M | — | ||
| Q2 25 | $109.4M | $314.2M | ||
| Q1 25 | $3.2M | $409.4M | ||
| Q4 24 | $105.3M | $377.2M | ||
| Q3 24 | $110.1M | $476.1M | ||
| Q2 24 | $74.9M | $273.4M |
自由现金流EXLSSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $106.5M | $144.0M | ||
| Q3 25 | $106.4M | — | ||
| Q2 25 | $95.0M | $252.7M | ||
| Q1 25 | $-9.7M | $370.9M | ||
| Q4 24 | $95.3M | $338.2M | ||
| Q3 24 | $97.3M | $393.3M | ||
| Q2 24 | $62.8M | $249.0M |
自由现金流率EXLSSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 19.6% | 13.1% | ||
| Q3 25 | 20.1% | — | ||
| Q2 25 | 18.5% | 26.2% | ||
| Q1 25 | -1.9% | 38.9% | ||
| Q4 24 | 19.8% | 31.7% | ||
| Q3 24 | 20.6% | 38.4% | ||
| Q2 24 | 14.0% | 27.5% |
资本支出强度EXLSSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.0% | 5.1% | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.8% | 6.4% | ||
| Q1 25 | 2.6% | 4.0% | ||
| Q4 24 | 2.1% | 3.6% | ||
| Q3 24 | 2.7% | 8.1% | ||
| Q2 24 | 2.7% | 2.7% |
现金转化率EXLSSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.95× | 1.41× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.66× | 2.99× | ||
| Q1 25 | 0.05× | 5.96× | ||
| Q4 24 | 2.08× | 2.33× | ||
| Q3 24 | 2.08× | 7.87× | ||
| Q2 24 | 1.63× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
