vs
eXp World Holdings, Inc.（EXPI）与FactSet（FDS）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是FactSet的2.0倍（$1.2B vs $607.6M），FactSet净利率更高（25.1% vs -1.1%，领先26.2%），eXp World Holdings, Inc.同比增速更快（8.5% vs 6.9%），FactSet自由现金流更多（$90.4M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 5.5%）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
EXPI vs FDS — 直观对比
营收规模更大
EXPI
是对方的2.0倍
$607.6M
营收增速更快
EXPI
高出1.7%
6.9%
净利率更高
FDS
高出26.2%
-1.1%
自由现金流更多
FDS
多$78.5M
$11.9M
两年增速更快
EXPI
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $607.6M |
| 净利润 | $-12.9M | $152.6M |
| 毛利率 | — | 52.6% |
| 营业利润率 | -1.1% | 31.6% |
| 净利率 | -1.1% | 25.1% |
| 营收同比 | 8.5% | 6.9% |
| 净利润同比 | -35.7% | 1.7% |
| 每股收益（稀释后） | $-0.08 | $4.06 |
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EXPIFDS
| Q4 25 | $1.2B | $607.6M | ||
| Q3 25 | $1.3B | $596.9M | ||
| Q2 25 | $1.3B | $585.5M | ||
| Q1 25 | $954.9M | $570.7M | ||
| Q4 24 | $1.1B | $568.7M | ||
| Q3 24 | $1.2B | $562.2M | ||
| Q2 24 | $1.3B | $552.7M | ||
| Q1 24 | $943.1M | $545.9M |
净利润EXPIFDS
| Q4 25 | $-12.9M | $152.6M | ||
| Q3 25 | $3.5M | $153.6M | ||
| Q2 25 | $-2.3M | $148.5M | ||
| Q1 25 | $-11.0M | $144.9M | ||
| Q4 24 | $-9.5M | $150.0M | ||
| Q3 24 | $-8.5M | $89.5M | ||
| Q2 24 | $12.4M | $158.1M | ||
| Q1 24 | $-15.6M | $140.9M |
毛利率EXPIFDS
| Q4 25 | — | 52.6% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | — | 52.1% | ||
| Q1 25 | — | 52.8% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | 99.9% | 54.1% | ||
| Q2 24 | 99.9% | 55.3% | ||
| Q1 24 | — | 53.3% |
营业利润率EXPIFDS
| Q4 25 | -1.1% | 31.6% | ||
| Q3 25 | 0.3% | 29.7% | ||
| Q2 25 | -0.2% | 33.2% | ||
| Q1 25 | -1.1% | 32.5% | ||
| Q4 24 | -1.0% | 33.6% | ||
| Q3 24 | -0.7% | 22.7% | ||
| Q2 24 | 1.4% | 36.6% | ||
| Q1 24 | -1.9% | 33.3% |
净利率EXPIFDS
| Q4 25 | -1.1% | 25.1% | ||
| Q3 25 | 0.3% | 25.7% | ||
| Q2 25 | -0.2% | 25.4% | ||
| Q1 25 | -1.2% | 25.4% | ||
| Q4 24 | -0.9% | 26.4% | ||
| Q3 24 | -0.7% | 15.9% | ||
| Q2 24 | 1.0% | 28.6% | ||
| Q1 24 | -1.7% | 25.8% |
每股收益（稀释后）EXPIFDS
| Q4 25 | $-0.08 | $4.06 | ||
| Q3 25 | $0.02 | $4.03 | ||
| Q2 25 | $-0.01 | $3.87 | ||
| Q1 25 | $-0.07 | $3.76 | ||
| Q4 24 | $-0.06 | $3.89 | ||
| Q3 24 | $-0.06 | $2.33 | ||
| Q2 24 | $0.08 | $4.09 | ||
| Q1 24 | $-0.10 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $242.8M | $2.2B |
| 总资产 | $442.5M | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资EXPIFDS
| Q4 25 | $124.2M | $292.7M | ||
| Q3 25 | $112.8M | $355.1M | ||
| Q2 25 | $94.6M | $364.0M | ||
| Q1 25 | $115.7M | $287.0M | ||
| Q4 24 | $113.6M | $358.8M | ||
| Q3 24 | $130.4M | $492.6M | ||
| Q2 24 | $108.4M | $522.0M | ||
| Q1 24 | $109.2M | $450.2M |
总债务EXPIFDS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.5B |
股东权益EXPIFDS
| Q4 25 | $242.8M | $2.2B | ||
| Q3 25 | $235.3M | $2.2B | ||
| Q2 25 | $218.4M | $2.2B | ||
| Q1 25 | $212.0M | $2.1B | ||
| Q4 24 | $204.9M | $2.0B | ||
| Q3 24 | $211.1M | $1.9B | ||
| Q2 24 | $220.3M | $1.9B | ||
| Q1 24 | $222.4M | $1.8B |
总资产EXPIFDS
| Q4 25 | $442.5M | $4.2B | ||
| Q3 25 | $458.7M | $4.3B | ||
| Q2 25 | $481.2M | $4.3B | ||
| Q1 25 | $435.8M | $4.2B | ||
| Q4 24 | $390.7M | $4.0B | ||
| Q3 24 | $432.6M | $4.1B | ||
| Q2 24 | $457.4M | $4.0B | ||
| Q1 24 | $426.7M | $4.0B |
负债/权益比EXPIFDS
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $90.4M |
| 自由现金流率自由现金流/营收 | 1.0% | 14.9% |
| 资本支出强度资本支出/营收 | 0.2% | 5.1% |
| 现金转化率经营现金流/净利润 | — | 0.79× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $647.4M |
8季度趋势，按日历期对齐
经营现金流EXPIFDS
| Q4 25 | $13.8M | $121.3M | ||
| Q3 25 | $28.9M | $212.1M | ||
| Q2 25 | $36.1M | $253.8M | ||
| Q1 25 | $39.8M | $174.0M | ||
| Q4 24 | $13.7M | $86.4M | ||
| Q3 24 | $46.0M | $163.2M | ||
| Q2 24 | $71.1M | $238.2M | ||
| Q1 24 | $60.7M | $143.8M |
自由现金流EXPIFDS
| Q4 25 | $11.9M | $90.4M | ||
| Q3 25 | $26.6M | $178.1M | ||
| Q2 25 | $33.3M | $228.6M | ||
| Q1 25 | $37.3M | $150.2M | ||
| Q4 24 | $11.6M | $60.5M | ||
| Q3 24 | $44.4M | $137.2M | ||
| Q2 24 | $69.7M | $216.9M | ||
| Q1 24 | $59.3M | $121.9M |
自由现金流率EXPIFDS
| Q4 25 | 1.0% | 14.9% | ||
| Q3 25 | 2.0% | 29.8% | ||
| Q2 25 | 2.5% | 39.0% | ||
| Q1 25 | 3.9% | 26.3% | ||
| Q4 24 | 1.1% | 10.6% | ||
| Q3 24 | 3.6% | 24.4% | ||
| Q2 24 | 5.4% | 39.2% | ||
| Q1 24 | 6.3% | 22.3% |
资本支出强度EXPIFDS
| Q4 25 | 0.2% | 5.1% | ||
| Q3 25 | 0.2% | 5.7% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.2% | 4.5% | ||
| Q3 24 | 0.1% | 4.6% | ||
| Q2 24 | 0.1% | 3.9% | ||
| Q1 24 | 0.1% | 4.0% |
现金转化率EXPIFDS
| Q4 25 | — | 0.79× | ||
| Q3 25 | 8.26× | 1.38× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | 5.75× | 1.51× | ||
| Q1 24 | — | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
