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eXp World Holdings, Inc.（EXPI）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是eXp World Holdings, Inc.的1.7倍（$2.0B vs $1.2B），First American Financial Corp净利率更高（10.3% vs -1.1%，领先11.4%），First American Financial Corp同比增速更快（21.6% vs 8.5%），First American Financial Corp自由现金流更多（$324.5M vs $11.9M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs 12.4%）
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
EXPI vs FAF — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $-12.9M | $211.9M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 14.0% |
| 净利率 | -1.1% | 10.3% |
| 营收同比 | 8.5% | 21.6% |
| 净利润同比 | -35.7% | 192.7% |
| 每股收益（稀释后） | $-0.08 | $2.04 |
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
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $954.9M | $1.6B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $943.1M | $1.4B |
| Q4 25 | $-12.9M | $211.9M | ||
| Q3 25 | $3.5M | $189.6M | ||
| Q2 25 | $-2.3M | $146.1M | ||
| Q1 25 | $-11.0M | $74.2M | ||
| Q4 24 | $-9.5M | $72.4M | ||
| Q3 24 | $-8.5M | $-104.0M | ||
| Q2 24 | $12.4M | $116.0M | ||
| Q1 24 | $-15.6M | $46.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
| Q4 25 | -1.1% | 14.0% | ||
| Q3 25 | 0.3% | 12.5% | ||
| Q2 25 | -0.2% | 10.6% | ||
| Q1 25 | -1.1% | 6.1% | ||
| Q4 24 | -1.0% | 5.9% | ||
| Q3 24 | -0.7% | -10.3% | ||
| Q2 24 | 1.4% | 9.4% | ||
| Q1 24 | -1.9% | 4.1% |
| Q4 25 | -1.1% | 10.3% | ||
| Q3 25 | 0.3% | 9.6% | ||
| Q2 25 | -0.2% | 7.9% | ||
| Q1 25 | -1.2% | 4.7% | ||
| Q4 24 | -0.9% | 4.3% | ||
| Q3 24 | -0.7% | -7.4% | ||
| Q2 24 | 1.0% | 7.2% | ||
| Q1 24 | -1.7% | 3.3% |
| Q4 25 | $-0.08 | $2.04 | ||
| Q3 25 | $0.02 | $1.84 | ||
| Q2 25 | $-0.01 | $1.41 | ||
| Q1 25 | $-0.07 | $0.71 | ||
| Q4 24 | $-0.06 | $0.70 | ||
| Q3 24 | $-0.06 | $-1.00 | ||
| Q2 24 | $0.08 | $1.11 | ||
| Q1 24 | $-0.10 | $0.45 |
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 | $124.2M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $5.5B |
| 总资产 | $442.5M | $16.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $124.2M | $1.4B | ||
| Q3 25 | $112.8M | $2.9B | ||
| Q2 25 | $94.6M | $2.0B | ||
| Q1 25 | $115.7M | $2.0B | ||
| Q4 24 | $113.6M | $1.7B | ||
| Q3 24 | $130.4M | $3.0B | ||
| Q2 24 | $108.4M | $2.0B | ||
| Q1 24 | $109.2M | $1.5B |
| Q4 25 | $242.8M | $5.5B | ||
| Q3 25 | $235.3M | $5.3B | ||
| Q2 25 | $218.4M | $5.1B | ||
| Q1 25 | $212.0M | $5.0B | ||
| Q4 24 | $204.9M | $4.9B | ||
| Q3 24 | $211.1M | $5.1B | ||
| Q2 24 | $220.3M | $4.8B | ||
| Q1 24 | $222.4M | $4.8B |
| Q4 25 | $442.5M | $16.2B | ||
| Q3 25 | $458.7M | $17.6B | ||
| Q2 25 | $481.2M | $16.3B | ||
| Q1 25 | $435.8M | $15.5B | ||
| Q4 24 | $390.7M | $14.9B | ||
| Q3 24 | $432.6M | $16.6B | ||
| Q2 24 | $457.4M | $15.2B | ||
| Q1 24 | $426.7M | $14.7B |
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 | $13.8M | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $324.5M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.8% |
| 资本支出强度资本支出/营收 | 0.2% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $762.5M |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $369.3M | ||
| Q3 25 | $28.9M | $272.5M | ||
| Q2 25 | $36.1M | $361.8M | ||
| Q1 25 | $39.8M | $-52.8M | ||
| Q4 24 | $13.7M | $324.6M | ||
| Q3 24 | $46.0M | $236.9M | ||
| Q2 24 | $71.1M | $266.7M | ||
| Q1 24 | $60.7M | $69.3M |
| Q4 25 | $11.9M | $324.5M | ||
| Q3 25 | $26.6M | $223.1M | ||
| Q2 25 | $33.3M | $309.4M | ||
| Q1 25 | $37.3M | $-94.5M | ||
| Q4 24 | $11.6M | $266.2M | ||
| Q3 24 | $44.4M | $185.4M | ||
| Q2 24 | $69.7M | $210.0M | ||
| Q1 24 | $59.3M | $17.6M |
| Q4 25 | 1.0% | 15.8% | ||
| Q3 25 | 2.0% | 11.3% | ||
| Q2 25 | 2.5% | 16.8% | ||
| Q1 25 | 3.9% | -6.0% | ||
| Q4 24 | 1.1% | 15.8% | ||
| Q3 24 | 3.6% | 13.2% | ||
| Q2 24 | 5.4% | 13.0% | ||
| Q1 24 | 6.3% | 1.2% |
| Q4 25 | 0.2% | 2.2% | ||
| Q3 25 | 0.2% | 2.5% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.3% | 2.6% | ||
| Q4 24 | 0.2% | 3.5% | ||
| Q3 24 | 0.1% | 3.7% | ||
| Q2 24 | 0.1% | 3.5% | ||
| Q1 24 | 0.1% | 3.6% |
| Q4 25 | — | 1.74× | ||
| Q3 25 | 8.26× | 1.44× | ||
| Q2 25 | — | 2.48× | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | 4.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | 2.30× | ||
| Q1 24 | — | 1.48× |
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
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
