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ExlService Holdings, Inc.（EXLS）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是ExlService Holdings, Inc.的1.7倍（$932.4M vs $542.6M），沃特世净利率更高（24.2% vs 11.1%，领先13.1%），ExlService Holdings, Inc.同比增速更快（12.7% vs 6.8%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
EXLS vs WAT — 直观对比
营收规模更大
WAT
是对方的1.7倍
$542.6M
营收增速更快
EXLS
高出5.9%
6.8%
净利率更高
WAT
高出13.1%
11.1%
两年增速更快
WAT
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $932.4M |
| 净利润 | $60.2M | $225.2M |
| 毛利率 | 38.6% | 61.1% |
| 营业利润率 | 14.4% | 29.0% |
| 净利率 | 11.1% | 24.2% |
| 营收同比 | 12.7% | 6.8% |
| 净利润同比 | 18.9% | -2.7% |
| 每股收益（稀释后） | $0.38 | $3.76 |
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EXLSWAT
| Q4 25 | $542.6M | $932.4M | ||
| Q3 25 | $529.6M | $799.9M | ||
| Q2 25 | $514.5M | $771.3M | ||
| Q1 25 | $501.0M | $661.7M | ||
| Q4 24 | $481.4M | $872.7M | ||
| Q3 24 | $472.1M | $740.3M | ||
| Q2 24 | $448.4M | $708.5M | ||
| Q1 24 | $436.5M | $636.8M |
净利润EXLSWAT
| Q4 25 | $60.2M | $225.2M | ||
| Q3 25 | $58.2M | $148.9M | ||
| Q2 25 | $66.1M | $147.1M | ||
| Q1 25 | $66.6M | $121.4M | ||
| Q4 24 | $50.7M | $231.4M | ||
| Q3 24 | $53.0M | $161.5M | ||
| Q2 24 | $45.8M | $142.7M | ||
| Q1 24 | $48.8M | $102.2M |
毛利率EXLSWAT
| Q4 25 | 38.6% | 61.1% | ||
| Q3 25 | 38.5% | 59.0% | ||
| Q2 25 | 37.7% | 58.3% | ||
| Q1 25 | 38.6% | 58.2% | ||
| Q4 24 | 38.1% | 60.1% | ||
| Q3 24 | 37.8% | 59.3% | ||
| Q2 24 | 37.1% | 59.3% | ||
| Q1 24 | 37.4% | 58.9% |
营业利润率EXLSWAT
| Q4 25 | 14.4% | 29.0% | ||
| Q3 25 | 14.4% | 24.0% | ||
| Q2 25 | 15.8% | 24.4% | ||
| Q1 25 | 15.7% | 22.9% | ||
| Q4 24 | 14.8% | 33.5% | ||
| Q3 24 | 14.7% | 28.5% | ||
| Q2 24 | 13.7% | 26.7% | ||
| Q1 24 | 14.1% | 21.0% |
净利率EXLSWAT
| Q4 25 | 11.1% | 24.2% | ||
| Q3 25 | 11.0% | 18.6% | ||
| Q2 25 | 12.8% | 19.1% | ||
| Q1 25 | 13.3% | 18.3% | ||
| Q4 24 | 10.5% | 26.5% | ||
| Q3 24 | 11.2% | 21.8% | ||
| Q2 24 | 10.2% | 20.1% | ||
| Q1 24 | 11.2% | 16.0% |
每股收益（稀释后）EXLSWAT
| Q4 25 | $0.38 | $3.76 | ||
| Q3 25 | $0.36 | $2.50 | ||
| Q2 25 | $0.40 | $2.47 | ||
| Q1 25 | $0.40 | $2.03 | ||
| Q4 24 | $0.31 | $3.88 | ||
| Q3 24 | $0.33 | $2.71 | ||
| Q2 24 | $0.28 | $2.40 | ||
| 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 | $587.8M |
| 总债务越低越好 | $298.6M | $1.4B |
| 股东权益账面价值 | $912.7M | $2.6B |
| 总资产 | $1.7B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资EXLSWAT
| Q4 25 | $328.4M | $587.8M | ||
| Q3 25 | $390.1M | $459.1M | ||
| Q2 25 | $353.3M | $367.2M | ||
| Q1 25 | $331.4M | $382.9M | ||
| Q4 24 | $340.6M | $325.4M | ||
| Q3 24 | $325.8M | $331.5M | ||
| Q2 24 | $276.1M | $327.4M | ||
| Q1 24 | $246.2M | $338.2M |
总债务EXLSWAT
| Q4 25 | $298.6M | $1.4B | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | $1.6B | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSWAT
| Q4 25 | $912.7M | $2.6B | ||
| Q3 25 | $952.4M | $2.3B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $929.9M | $1.8B | ||
| Q3 24 | $907.6M | $1.6B | ||
| Q2 24 | $852.6M | $1.4B | ||
| Q1 24 | $803.3M | $1.3B |
总资产EXLSWAT
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $4.9B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.7B | $4.6B | ||
| Q4 24 | $1.6B | $4.6B | ||
| Q3 24 | $1.6B | $4.5B | ||
| Q2 24 | $1.5B | $4.4B | ||
| Q1 24 | $1.4B | $4.5B |
负债/权益比EXLSWAT
| Q4 25 | 0.33× | 0.55× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | 0.89× | ||
| 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 | $164.6M |
| 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× | 0.73× |
| 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EXLSWAT
| Q4 25 | $117.4M | $164.6M | ||
| Q3 25 | $120.7M | $187.3M | ||
| Q2 25 | $109.4M | $41.1M | ||
| Q1 25 | $3.2M | $259.6M | ||
| Q4 24 | $105.3M | $240.1M | ||
| Q3 24 | $110.1M | $204.6M | ||
| Q2 24 | $74.9M | $54.5M | ||
| Q1 24 | $-21.9M | $262.9M |
自由现金流EXLSWAT
| 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 | — | ||
| Q1 24 | $-33.1M | — |
自由现金流率EXLSWAT
| 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% | — | ||
| Q1 24 | -7.6% | — |
资本支出强度EXLSWAT
| 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% | — | ||
| Q1 24 | 2.6% | — |
现金转化率EXLSWAT
| Q4 25 | 1.95× | 0.73× | ||
| Q3 25 | 2.08× | 1.26× | ||
| Q2 25 | 1.66× | 0.28× | ||
| Q1 25 | 0.05× | 2.14× | ||
| Q4 24 | 2.08× | 1.04× | ||
| Q3 24 | 2.08× | 1.27× | ||
| Q2 24 | 1.63× | 0.38× | ||
| Q1 24 | -0.45× | 2.57× |
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% |
WAT
暂无分部数据
