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ExlService Holdings, Inc.（EXLS）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是ExlService Holdings, Inc.的1.2倍（$677.3M vs $542.6M），沃茨水工业净利率更高（14.7% vs 11.1%，领先3.6%），沃茨水工业同比增速更快（21.4% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $6.6M），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 6.5%）
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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
EXLS vs WTS — 直观对比
营收规模更大
WTS
是对方的1.2倍
$542.6M
营收增速更快
WTS
高出8.7%
12.7%
净利率更高
WTS
高出3.6%
11.1%
自由现金流更多
EXLS
多$99.9M
$6.6M
两年增速更快
EXLS
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $677.3M |
| 净利润 | $60.2M | $99.6M |
| 毛利率 | 38.6% | 48.1% |
| 营业利润率 | 14.4% | 19.6% |
| 净利率 | 11.1% | 14.7% |
| 营收同比 | 12.7% | 21.4% |
| 净利润同比 | 18.9% | 34.6% |
| 每股收益（稀释后） | $0.38 | $2.97 |
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EXLSWTS
| Q1 26 | — | $677.3M | ||
| Q4 25 | $542.6M | $625.1M | ||
| Q3 25 | $529.6M | $611.7M | ||
| Q2 25 | $514.5M | $643.7M | ||
| Q1 25 | $501.0M | $558.0M | ||
| Q4 24 | $481.4M | $540.4M | ||
| Q3 24 | $472.1M | $543.6M | ||
| Q2 24 | $448.4M | $597.3M |
净利润EXLSWTS
| Q1 26 | — | $99.6M | ||
| Q4 25 | $60.2M | $83.7M | ||
| Q3 25 | $58.2M | $82.2M | ||
| Q2 25 | $66.1M | $100.9M | ||
| Q1 25 | $66.6M | $74.0M | ||
| Q4 24 | $50.7M | $67.5M | ||
| Q3 24 | $53.0M | $69.1M | ||
| Q2 24 | $45.8M | $82.0M |
毛利率EXLSWTS
| Q1 26 | — | 48.1% | ||
| Q4 25 | 38.6% | 49.5% | ||
| Q3 25 | 38.5% | 48.8% | ||
| Q2 25 | 37.7% | 50.6% | ||
| Q1 25 | 38.6% | 48.8% | ||
| Q4 24 | 38.1% | 46.7% | ||
| Q3 24 | 37.8% | 47.3% | ||
| Q2 24 | 37.1% | 47.7% |
营业利润率EXLSWTS
| Q1 26 | — | 19.6% | ||
| Q4 25 | 14.4% | 18.2% | ||
| Q3 25 | 14.4% | 18.2% | ||
| Q2 25 | 15.8% | 21.0% | ||
| Q1 25 | 15.7% | 15.7% | ||
| Q4 24 | 14.8% | 16.5% | ||
| Q3 24 | 14.7% | 17.1% | ||
| Q2 24 | 13.7% | 18.7% |
净利率EXLSWTS
| Q1 26 | — | 14.7% | ||
| Q4 25 | 11.1% | 13.4% | ||
| Q3 25 | 11.0% | 13.4% | ||
| Q2 25 | 12.8% | 15.7% | ||
| Q1 25 | 13.3% | 13.3% | ||
| Q4 24 | 10.5% | 12.5% | ||
| Q3 24 | 11.2% | 12.7% | ||
| Q2 24 | 10.2% | 13.7% |
每股收益（稀释后）EXLSWTS
| Q1 26 | — | $2.97 | ||
| Q4 25 | $0.38 | $2.50 | ||
| Q3 25 | $0.36 | $2.45 | ||
| Q2 25 | $0.40 | $3.01 | ||
| Q1 25 | $0.40 | $2.21 | ||
| Q4 24 | $0.31 | $2.02 | ||
| Q3 24 | $0.33 | $2.06 | ||
| Q2 24 | $0.28 | $2.44 |
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 | $374.7M |
| 总债务越低越好 | $298.6M | $197.8M |
| 股东权益账面价值 | $912.7M | $2.1B |
| 总资产 | $1.7B | $2.9B |
| 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EXLSWTS
| Q1 26 | — | $374.7M | ||
| Q4 25 | $328.4M | $405.5M | ||
| Q3 25 | $390.1M | $457.7M | ||
| Q2 25 | $353.3M | $369.3M | ||
| Q1 25 | $331.4M | $336.8M | ||
| Q4 24 | $340.6M | $386.9M | ||
| Q3 24 | $325.8M | $303.9M | ||
| Q2 24 | $276.1M | $279.4M |
总债务EXLSWTS
| Q1 26 | — | $197.8M | ||
| 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 | — | — |
股东权益EXLSWTS
| Q1 26 | — | $2.1B | ||
| Q4 25 | $912.7M | $2.0B | ||
| Q3 25 | $952.4M | $2.0B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $929.9M | $1.7B | ||
| Q3 24 | $907.6M | $1.7B | ||
| Q2 24 | $852.6M | $1.6B |
总资产EXLSWTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.5B | $2.4B |
负债/权益比EXLSWTS
| Q1 26 | — | 0.09× | ||
| 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 | — | — |
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 | $17.9M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $6.6M |
| 自由现金流率自由现金流/营收 | 19.6% | 1.0% |
| 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× | 0.18× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $317.3M |
8季度趋势，按日历期对齐
经营现金流EXLSWTS
| Q1 26 | — | $17.9M | ||
| Q4 25 | $117.4M | $154.7M | ||
| Q3 25 | $120.7M | $122.4M | ||
| Q2 25 | $109.4M | $69.7M | ||
| Q1 25 | $3.2M | $55.2M | ||
| Q4 24 | $105.3M | $139.5M | ||
| Q3 24 | $110.1M | $90.7M | ||
| Q2 24 | $74.9M | $85.3M |
自由现金流EXLSWTS
| Q1 26 | — | $6.6M | ||
| Q4 25 | $106.5M | $140.3M | ||
| Q3 25 | $106.4M | $110.9M | ||
| Q2 25 | $95.0M | $59.5M | ||
| Q1 25 | $-9.7M | $45.6M | ||
| Q4 24 | $95.3M | $127.5M | ||
| Q3 24 | $97.3M | $84.3M | ||
| Q2 24 | $62.8M | $78.5M |
自由现金流率EXLSWTS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 19.6% | 22.4% | ||
| Q3 25 | 20.1% | 18.1% | ||
| Q2 25 | 18.5% | 9.2% | ||
| Q1 25 | -1.9% | 8.2% | ||
| Q4 24 | 19.8% | 23.6% | ||
| Q3 24 | 20.6% | 15.5% | ||
| Q2 24 | 14.0% | 13.1% |
资本支出强度EXLSWTS
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 2.3% | ||
| Q3 25 | 2.7% | 1.9% | ||
| Q2 25 | 2.8% | 1.6% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | 2.1% | 2.2% | ||
| Q3 24 | 2.7% | 1.2% | ||
| Q2 24 | 2.7% | 1.1% |
现金转化率EXLSWTS
| Q1 26 | — | 0.18× | ||
| Q4 25 | 1.95× | 1.85× | ||
| Q3 25 | 2.08× | 1.49× | ||
| Q2 25 | 1.66× | 0.69× | ||
| Q1 25 | 0.05× | 0.75× | ||
| Q4 24 | 2.08× | 2.07× | ||
| Q3 24 | 2.08× | 1.31× | ||
| Q2 24 | 1.63× | 1.04× |
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% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
