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eXp World Holdings, Inc.（EXPI）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是eXp World Holdings, Inc.的1.7倍（$2.0B vs $1.2B），Fastenal净利率更高（14.5% vs -1.1%，领先15.6%），eXp World Holdings, Inc.同比增速更快（8.5% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 2.9%）
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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
EXPI vs FAST — 直观对比
营收规模更大
FAST
是对方的1.7倍
$1.2B
营收增速更快
EXPI
高出5.1%
3.5%
净利率更高
FAST
高出15.6%
-1.1%
自由现金流更多
FAST
多$296.3M
$11.9M
两年增速更快
EXPI
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $-12.9M | $293.9M |
| 毛利率 | — | 44.3% |
| 营业利润率 | -1.1% | 18.9% |
| 净利率 | -1.1% | 14.5% |
| 营收同比 | 8.5% | 3.5% |
| 净利润同比 | -35.7% | -1.6% |
| 每股收益（稀释后） | $-0.08 | $-0.01 |
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EXPIFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $954.9M | $2.0B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.3B | $1.9B |
净利润EXPIFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $-12.9M | $293.9M | ||
| Q3 25 | $3.5M | $335.5M | ||
| Q2 25 | $-2.3M | $330.3M | ||
| Q1 25 | $-11.0M | $298.7M | ||
| Q4 24 | $-9.5M | $262.1M | ||
| Q3 24 | $-8.5M | $298.1M | ||
| Q2 24 | $12.4M | $292.7M |
毛利率EXPIFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.1% | ||
| Q4 24 | — | 44.8% | ||
| Q3 24 | 99.9% | 44.9% | ||
| Q2 24 | 99.9% | 45.1% |
营业利润率EXPIFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | -1.1% | 18.9% | ||
| Q3 25 | 0.3% | 20.7% | ||
| Q2 25 | -0.2% | 21.0% | ||
| Q1 25 | -1.1% | 20.1% | ||
| Q4 24 | -1.0% | 18.9% | ||
| Q3 24 | -0.7% | 20.3% | ||
| Q2 24 | 1.4% | 20.2% |
净利率EXPIFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | -1.1% | 14.5% | ||
| Q3 25 | 0.3% | 15.7% | ||
| Q2 25 | -0.2% | 15.9% | ||
| Q1 25 | -1.2% | 15.2% | ||
| Q4 24 | -0.9% | 14.4% | ||
| Q3 24 | -0.7% | 15.6% | ||
| Q2 24 | 1.0% | 15.3% |
每股收益（稀释后）EXPIFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.08 | $-0.01 | ||
| Q3 25 | $0.02 | $0.29 | ||
| Q2 25 | $-0.01 | $0.29 | ||
| Q1 25 | $-0.07 | $0.52 | ||
| Q4 24 | $-0.06 | $0.45 | ||
| Q3 24 | $-0.06 | $0.52 | ||
| Q2 24 | $0.08 | $0.51 |
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 | $276.8M |
| 总债务越低越好 | — | $125.0M |
| 股东权益账面价值 | $242.8M | $3.9B |
| 总资产 | $442.5M | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资EXPIFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | $124.2M | $276.8M | ||
| Q3 25 | $112.8M | $288.1M | ||
| Q2 25 | $94.6M | $237.8M | ||
| Q1 25 | $115.7M | $231.8M | ||
| Q4 24 | $113.6M | $255.8M | ||
| Q3 24 | $130.4M | $292.2M | ||
| Q2 24 | $108.4M | $255.5M |
总债务EXPIFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $195.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | $200.0M | ||
| Q3 24 | — | $240.0M | ||
| Q2 24 | — | $235.0M |
股东权益EXPIFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $242.8M | $3.9B | ||
| Q3 25 | $235.3M | $3.9B | ||
| Q2 25 | $218.4M | $3.8B | ||
| Q1 25 | $212.0M | $3.7B | ||
| Q4 24 | $204.9M | $3.6B | ||
| Q3 24 | $211.1M | $3.6B | ||
| Q2 24 | $220.3M | $3.5B |
总资产EXPIFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $442.5M | $5.1B | ||
| Q3 25 | $458.7M | $5.1B | ||
| Q2 25 | $481.2M | $5.0B | ||
| Q1 25 | $435.8M | $4.9B | ||
| Q4 24 | $390.7M | $4.7B | ||
| Q3 24 | $432.6M | $4.7B | ||
| Q2 24 | $457.4M | $4.6B |
负债/权益比EXPIFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $308.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.2% |
| 资本支出强度资本支出/营收 | 0.2% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流EXPIFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $13.8M | $368.2M | ||
| Q3 25 | $28.9M | $386.9M | ||
| Q2 25 | $36.1M | $278.6M | ||
| Q1 25 | $39.8M | $262.2M | ||
| Q4 24 | $13.7M | $282.8M | ||
| Q3 24 | $46.0M | $296.9M | ||
| Q2 24 | $71.1M | $258.0M |
自由现金流EXPIFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $11.9M | $308.2M | ||
| Q3 25 | $26.6M | $326.6M | ||
| Q2 25 | $33.3M | $209.3M | ||
| Q1 25 | $37.3M | $206.5M | ||
| Q4 24 | $11.6M | $222.6M | ||
| Q3 24 | $44.4M | $237.5M | ||
| Q2 24 | $69.7M | $201.9M |
自由现金流率EXPIFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | 1.0% | 15.2% | ||
| Q3 25 | 2.0% | 15.3% | ||
| Q2 25 | 2.5% | 10.1% | ||
| Q1 25 | 3.9% | 10.5% | ||
| Q4 24 | 1.1% | 12.2% | ||
| Q3 24 | 3.6% | 12.4% | ||
| Q2 24 | 5.4% | 10.5% |
资本支出强度EXPIFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 0.2% | 3.0% | ||
| Q3 25 | 0.2% | 2.8% | ||
| Q2 25 | 0.2% | 3.3% | ||
| Q1 25 | 0.3% | 2.8% | ||
| Q4 24 | 0.2% | 3.3% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.1% | 2.9% |
现金转化率EXPIFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | 8.26× | 1.15× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | 5.75× | 0.88× |
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% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
