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eXp World Holdings, Inc.（EXPI）与F5, Inc.（FFIV）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F5, Inc.的1.5倍（$1.2B vs $811.7M），F5, Inc.净利率更高（18.2% vs -1.1%，领先19.3%），F5, Inc.同比增速更快（11.0% vs 8.5%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 8.0%）
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。
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
EXPI vs FFIV — 直观对比
营收规模更大
EXPI
是对方的1.5倍
$811.7M
营收增速更快
FFIV
高出2.5%
8.5%
净利率更高
FFIV
高出19.3%
-1.1%
两年增速更快
EXPI
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $811.7M |
| 净利润 | $-12.9M | $148.0M |
| 毛利率 | — | 81.4% |
| 营业利润率 | -1.1% | 22.1% |
| 净利率 | -1.1% | 18.2% |
| 营收同比 | 8.5% | 11.0% |
| 净利润同比 | -35.7% | 1.5% |
| 每股收益（稀释后） | $-0.08 | $2.58 |
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EXPIFFIV
| Q1 26 | — | $811.7M | ||
| Q4 25 | $1.2B | $822.5M | ||
| Q3 25 | $1.3B | $810.1M | ||
| Q2 25 | $1.3B | $780.4M | ||
| Q1 25 | $954.9M | $731.1M | ||
| Q4 24 | $1.1B | $766.5M | ||
| Q3 24 | $1.2B | $746.7M | ||
| Q2 24 | $1.3B | $695.5M |
净利润EXPIFFIV
| Q1 26 | — | $148.0M | ||
| Q4 25 | $-12.9M | $180.1M | ||
| Q3 25 | $3.5M | $190.5M | ||
| Q2 25 | $-2.3M | $189.9M | ||
| Q1 25 | $-11.0M | $145.5M | ||
| Q4 24 | $-9.5M | $166.4M | ||
| Q3 24 | $-8.5M | $165.3M | ||
| Q2 24 | $12.4M | $144.1M |
毛利率EXPIFFIV
| Q1 26 | — | 81.4% | ||
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 81.0% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | 99.9% | 80.8% | ||
| Q2 24 | 99.9% | 80.4% |
营业利润率EXPIFFIV
| Q1 26 | — | 22.1% | ||
| Q4 25 | -1.1% | 26.0% | ||
| Q3 25 | 0.3% | 25.4% | ||
| Q2 25 | -0.2% | 25.2% | ||
| Q1 25 | -1.1% | 21.7% | ||
| Q4 24 | -1.0% | 26.8% | ||
| Q3 24 | -0.7% | 25.6% | ||
| Q2 24 | 1.4% | 23.4% |
净利率EXPIFFIV
| Q1 26 | — | 18.2% | ||
| Q4 25 | -1.1% | 21.9% | ||
| Q3 25 | 0.3% | 23.5% | ||
| Q2 25 | -0.2% | 24.3% | ||
| Q1 25 | -1.2% | 19.9% | ||
| Q4 24 | -0.9% | 21.7% | ||
| Q3 24 | -0.7% | 22.1% | ||
| Q2 24 | 1.0% | 20.7% |
每股收益（稀释后）EXPIFFIV
| Q1 26 | — | $2.58 | ||
| Q4 25 | $-0.08 | $3.10 | ||
| Q3 25 | $0.02 | $3.25 | ||
| Q2 25 | $-0.01 | $3.25 | ||
| Q1 25 | $-0.07 | $2.48 | ||
| Q4 24 | $-0.06 | $2.82 | ||
| Q3 24 | $-0.06 | $2.79 | ||
| Q2 24 | $0.08 | $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 | $124.2M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $3.6B |
| 总资产 | $442.5M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EXPIFFIV
| Q1 26 | — | $1.4B | ||
| Q4 25 | $124.2M | $1.2B | ||
| Q3 25 | $112.8M | $1.3B | ||
| Q2 25 | $94.6M | $1.4B | ||
| Q1 25 | $115.7M | $1.3B | ||
| Q4 24 | $113.6M | $1.2B | ||
| Q3 24 | $130.4M | $1.1B | ||
| Q2 24 | $108.4M | $935.6M |
股东权益EXPIFFIV
| Q1 26 | — | $3.6B | ||
| Q4 25 | $242.8M | $3.5B | ||
| Q3 25 | $235.3M | $3.6B | ||
| Q2 25 | $218.4M | $3.5B | ||
| Q1 25 | $212.0M | $3.3B | ||
| Q4 24 | $204.9M | $3.2B | ||
| Q3 24 | $211.1M | $3.1B | ||
| Q2 24 | $220.3M | $3.0B |
总资产EXPIFFIV
| Q1 26 | — | $6.5B | ||
| Q4 25 | $442.5M | $6.3B | ||
| Q3 25 | $458.7M | $6.3B | ||
| Q2 25 | $481.2M | $6.1B | ||
| Q1 25 | $435.8M | $5.9B | ||
| Q4 24 | $390.7M | $5.9B | ||
| Q3 24 | $432.6M | $5.6B | ||
| Q2 24 | $457.4M | $5.4B |
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 | $525.1M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | — |
| 自由现金流率自由现金流/营收 | 1.0% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | 3.55× |
| 过去12个月自由现金流最近4个季度 | $109.0M | — |
8季度趋势，按日历期对齐
经营现金流EXPIFFIV
| Q1 26 | — | $525.1M | ||
| Q4 25 | $13.8M | $159.2M | ||
| Q3 25 | $28.9M | $208.1M | ||
| Q2 25 | $36.1M | $282.2M | ||
| Q1 25 | $39.8M | $256.6M | ||
| Q4 24 | $13.7M | $202.8M | ||
| Q3 24 | $46.0M | $246.5M | ||
| Q2 24 | $71.1M | $159.0M |
自由现金流EXPIFFIV
| Q1 26 | — | — | ||
| Q4 25 | $11.9M | $149.5M | ||
| Q3 25 | $26.6M | $191.9M | ||
| Q2 25 | $33.3M | $273.7M | ||
| Q1 25 | $37.3M | $246.1M | ||
| Q4 24 | $11.6M | $194.7M | ||
| Q3 24 | $44.4M | $240.4M | ||
| Q2 24 | $69.7M | $153.1M |
自由现金流率EXPIFFIV
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 18.2% | ||
| Q3 25 | 2.0% | 23.7% | ||
| Q2 25 | 2.5% | 35.1% | ||
| Q1 25 | 3.9% | 33.7% | ||
| Q4 24 | 1.1% | 25.4% | ||
| Q3 24 | 3.6% | 32.2% | ||
| Q2 24 | 5.4% | 22.0% |
资本支出强度EXPIFFIV
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.2% | ||
| Q3 25 | 0.2% | 2.0% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.1% | 0.8% |
现金转化率EXPIFFIV
| Q1 26 | — | 3.55× | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | 8.26× | 1.09× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | 5.75× | 1.10× |
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% |
FFIV
暂无分部数据
