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ExlService Holdings, Inc.（EXLS）与ZIFF DAVIS, INC.（ZD）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ZIFF DAVIS, INC.的1.3倍（$542.6M vs $406.7M），ExlService Holdings, Inc.净利率更高（11.1% vs 0.1%，领先11.0%），ExlService Holdings, Inc.同比增速更快（12.7% vs -1.5%），ZIFF DAVIS, INC.自由现金流更多（$157.8M vs $106.5M），过去两年ZIFF DAVIS, INC.的营收复合增速更高（13.7% 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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
EXLS vs ZD — 直观对比
营收规模更大
EXLS
是对方的1.3倍
$406.7M
营收增速更快
EXLS
高出14.2%
-1.5%
净利率更高
EXLS
高出11.0%
0.1%
自由现金流更多
ZD
多$51.3M
$106.5M
两年增速更快
ZD
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $406.7M |
| 净利润 | $60.2M | $370.0K |
| 毛利率 | 38.6% | 85.9% |
| 营业利润率 | 14.4% | 21.2% |
| 净利率 | 11.1% | 0.1% |
| 营收同比 | 12.7% | -1.5% |
| 净利润同比 | 18.9% | -99.4% |
| 每股收益（稀释后） | $0.38 | $0.06 |
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EXLSZD
| Q4 25 | $542.6M | $406.7M | ||
| Q3 25 | $529.6M | $363.7M | ||
| Q2 25 | $514.5M | $352.2M | ||
| Q1 25 | $501.0M | $328.6M | ||
| Q4 24 | $481.4M | $412.8M | ||
| Q3 24 | $472.1M | $353.6M | ||
| Q2 24 | $448.4M | $320.8M | ||
| Q1 24 | $436.5M | $314.5M |
净利润EXLSZD
| Q4 25 | $60.2M | $370.0K | ||
| Q3 25 | $58.2M | $-3.6M | ||
| Q2 25 | $66.1M | $26.3M | ||
| Q1 25 | $66.6M | $24.2M | ||
| Q4 24 | $50.7M | $64.1M | ||
| Q3 24 | $53.0M | $-48.6M | ||
| Q2 24 | $45.8M | $36.9M | ||
| Q1 24 | $48.8M | $10.6M |
毛利率EXLSZD
| Q4 25 | 38.6% | 85.9% | ||
| Q3 25 | 38.5% | 85.4% | ||
| Q2 25 | 37.7% | 86.1% | ||
| Q1 25 | 38.6% | 85.6% | ||
| Q4 24 | 38.1% | 87.1% | ||
| Q3 24 | 37.8% | 85.5% | ||
| Q2 24 | 37.1% | 84.4% | ||
| Q1 24 | 37.4% | 85.4% |
营业利润率EXLSZD
| Q4 25 | 14.4% | 21.2% | ||
| Q3 25 | 14.4% | 7.8% | ||
| Q2 25 | 15.8% | 9.5% | ||
| Q1 25 | 15.7% | 10.7% | ||
| Q4 24 | 14.8% | 19.0% | ||
| Q3 24 | 14.7% | -8.3% | ||
| Q2 24 | 13.7% | 8.9% | ||
| Q1 24 | 14.1% | 11.4% |
净利率EXLSZD
| Q4 25 | 11.1% | 0.1% | ||
| Q3 25 | 11.0% | -1.0% | ||
| Q2 25 | 12.8% | 7.5% | ||
| Q1 25 | 13.3% | 7.4% | ||
| Q4 24 | 10.5% | 15.5% | ||
| Q3 24 | 11.2% | -13.7% | ||
| Q2 24 | 10.2% | 11.5% | ||
| Q1 24 | 11.2% | 3.4% |
每股收益（稀释后）EXLSZD
| Q4 25 | $0.38 | $0.06 | ||
| Q3 25 | $0.36 | $-0.09 | ||
| Q2 25 | $0.40 | $0.62 | ||
| Q1 25 | $0.40 | $0.56 | ||
| Q4 24 | $0.31 | $1.53 | ||
| Q3 24 | $0.33 | $-1.11 | ||
| Q2 24 | $0.28 | $0.77 | ||
| Q1 24 | $0.29 | $0.23 |
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 | $607.0M |
| 总债务越低越好 | $298.6M | $866.5M |
| 股东权益账面价值 | $912.7M | $1.8B |
| 总资产 | $1.7B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资EXLSZD
| Q4 25 | $328.4M | $607.0M | ||
| Q3 25 | $390.1M | $503.4M | ||
| Q2 25 | $353.3M | $457.3M | ||
| Q1 25 | $331.4M | $431.0M | ||
| Q4 24 | $340.6M | $505.9M | ||
| Q3 24 | $325.8M | $386.1M | ||
| Q2 24 | $276.1M | $687.2M | ||
| Q1 24 | $246.2M | $751.2M |
总债务EXLSZD
| Q4 25 | $298.6M | $866.5M | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | $864.3M | ||
| Q3 24 | $344.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSZD
| Q4 25 | $912.7M | $1.8B | ||
| Q3 25 | $952.4M | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $929.9M | $1.8B | ||
| Q3 24 | $907.6M | $1.8B | ||
| Q2 24 | $852.6M | $1.9B | ||
| Q1 24 | $803.3M | $1.9B |
总资产EXLSZD
| Q4 25 | $1.7B | $3.7B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.5B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.6B | $3.7B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.5B | $3.7B | ||
| Q1 24 | $1.4B | $3.7B |
负债/权益比EXLSZD
| Q4 25 | 0.33× | 0.49× | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | 0.48× | ||
| 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $157.8M |
| 自由现金流率自由现金流/营收 | 19.6% | 38.8% |
| 资本支出强度资本支出/营收 | 2.0% | 8.2% |
| 现金转化率经营现金流/净利润 | 1.95× | 516.44× |
| 过去12个月自由现金流最近4个季度 | $298.1M | $287.9M |
8季度趋势，按日历期对齐
经营现金流EXLSZD
| Q4 25 | $117.4M | $191.1M | ||
| Q3 25 | $120.7M | $138.3M | ||
| Q2 25 | $109.4M | $57.1M | ||
| Q1 25 | $3.2M | $20.6M | ||
| Q4 24 | $105.3M | $158.2M | ||
| Q3 24 | $110.1M | $106.0M | ||
| Q2 24 | $74.9M | $50.6M | ||
| Q1 24 | $-21.9M | $75.6M |
自由现金流EXLSZD
| Q4 25 | $106.5M | $157.8M | ||
| Q3 25 | $106.4M | $108.2M | ||
| Q2 25 | $95.0M | $26.9M | ||
| Q1 25 | $-9.7M | $-5.0M | ||
| Q4 24 | $95.3M | $131.1M | ||
| Q3 24 | $97.3M | $80.1M | ||
| Q2 24 | $62.8M | $25.1M | ||
| Q1 24 | $-33.1M | $47.4M |
自由现金流率EXLSZD
| Q4 25 | 19.6% | 38.8% | ||
| Q3 25 | 20.1% | 29.7% | ||
| Q2 25 | 18.5% | 7.6% | ||
| Q1 25 | -1.9% | -1.5% | ||
| Q4 24 | 19.8% | 31.8% | ||
| Q3 24 | 20.6% | 22.7% | ||
| Q2 24 | 14.0% | 7.8% | ||
| Q1 24 | -7.6% | 15.1% |
资本支出强度EXLSZD
| Q4 25 | 2.0% | 8.2% | ||
| Q3 25 | 2.7% | 8.3% | ||
| Q2 25 | 2.8% | 8.6% | ||
| Q1 25 | 2.6% | 7.8% | ||
| Q4 24 | 2.1% | 6.6% | ||
| Q3 24 | 2.7% | 7.3% | ||
| Q2 24 | 2.7% | 8.0% | ||
| Q1 24 | 2.6% | 8.9% |
现金转化率EXLSZD
| Q4 25 | 1.95× | 516.44× | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.66× | 2.17× | ||
| Q1 25 | 0.05× | 0.85× | ||
| Q4 24 | 2.08× | 2.47× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | 1.37× | ||
| Q1 24 | -0.45× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
