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eXp World Holdings, Inc.（EXPI）与FEDERAL SIGNAL CORP（FSS）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FEDERAL SIGNAL CORP的2.0倍（$1.2B vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -1.1%，领先11.3%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 8.5%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $11.9M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% 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。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
EXPI vs FSS — 直观对比
营收规模更大
EXPI
是对方的2.0倍
$597.1M
营收增速更快
FSS
高出18.0%
8.5%
净利率更高
FSS
高出11.3%
-1.1%
自由现金流更多
FSS
多$77.6M
$11.9M
两年增速更快
FSS
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $597.1M |
| 净利润 | $-12.9M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | -1.1% | 14.0% |
| 净利率 | -1.1% | 10.2% |
| 营收同比 | 8.5% | 26.5% |
| 净利润同比 | -35.7% | 21.6% |
| 每股收益（稀释后） | $-0.08 | $0.99 |
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EXPIFSS
| Q4 25 | $1.2B | $597.1M | ||
| Q3 25 | $1.3B | $555.0M | ||
| Q2 25 | $1.3B | $564.6M | ||
| Q1 25 | $954.9M | $463.8M | ||
| Q4 24 | $1.1B | $472.0M | ||
| Q3 24 | $1.2B | $474.2M | ||
| Q2 24 | $1.3B | $490.4M | ||
| Q1 24 | $943.1M | $424.9M |
净利润EXPIFSS
| Q4 25 | $-12.9M | $60.8M | ||
| Q3 25 | $3.5M | $68.1M | ||
| Q2 25 | $-2.3M | $71.4M | ||
| Q1 25 | $-11.0M | $46.3M | ||
| Q4 24 | $-9.5M | $50.0M | ||
| Q3 24 | $-8.5M | $53.9M | ||
| Q2 24 | $12.4M | $60.8M | ||
| Q1 24 | $-15.6M | $51.6M |
毛利率EXPIFSS
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | 99.9% | 29.6% | ||
| Q2 24 | 99.9% | 29.4% | ||
| Q1 24 | — | 27.3% |
营业利润率EXPIFSS
| Q4 25 | -1.1% | 14.0% | ||
| Q3 25 | 0.3% | 16.9% | ||
| Q2 25 | -0.2% | 17.3% | ||
| Q1 25 | -1.1% | 14.2% | ||
| Q4 24 | -1.0% | 14.9% | ||
| Q3 24 | -0.7% | 16.0% | ||
| Q2 24 | 1.4% | 16.5% | ||
| Q1 24 | -1.9% | 12.8% |
净利率EXPIFSS
| Q4 25 | -1.1% | 10.2% | ||
| Q3 25 | 0.3% | 12.3% | ||
| Q2 25 | -0.2% | 12.6% | ||
| Q1 25 | -1.2% | 10.0% | ||
| Q4 24 | -0.9% | 10.6% | ||
| Q3 24 | -0.7% | 11.4% | ||
| Q2 24 | 1.0% | 12.4% | ||
| Q1 24 | -1.7% | 12.1% |
每股收益（稀释后）EXPIFSS
| Q4 25 | $-0.08 | $0.99 | ||
| Q3 25 | $0.02 | $1.11 | ||
| Q2 25 | $-0.01 | $1.16 | ||
| Q1 25 | $-0.07 | $0.75 | ||
| Q4 24 | $-0.06 | $0.80 | ||
| Q3 24 | $-0.06 | $0.87 | ||
| Q2 24 | $0.08 | $0.99 | ||
| Q1 24 | $-0.10 | $0.84 |
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 | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $242.8M | $1.4B |
| 总资产 | $442.5M | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资EXPIFSS
| Q4 25 | $124.2M | $63.7M | ||
| Q3 25 | $112.8M | $54.4M | ||
| Q2 25 | $94.6M | $64.7M | ||
| Q1 25 | $115.7M | $57.5M | ||
| Q4 24 | $113.6M | $91.1M | ||
| Q3 24 | $130.4M | $73.7M | ||
| Q2 24 | $108.4M | $48.6M | ||
| Q1 24 | $109.2M | $48.9M |
总债务EXPIFSS
| Q4 25 | — | $564.6M | ||
| Q3 25 | — | $201.2M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $266.9M | ||
| Q4 24 | — | $204.4M | ||
| Q3 24 | — | $223.3M | ||
| Q2 24 | — | $248.8M | ||
| Q1 24 | — | $266.8M |
股东权益EXPIFSS
| Q4 25 | $242.8M | $1.4B | ||
| Q3 25 | $235.3M | $1.3B | ||
| Q2 25 | $218.4M | $1.3B | ||
| Q1 25 | $212.0M | $1.2B | ||
| Q4 24 | $204.9M | $1.2B | ||
| Q3 24 | $211.1M | $1.1B | ||
| Q2 24 | $220.3M | $1.1B | ||
| Q1 24 | $222.4M | $1.0B |
总资产EXPIFSS
| Q4 25 | $442.5M | $2.4B | ||
| Q3 25 | $458.7M | $1.9B | ||
| Q2 25 | $481.2M | $1.9B | ||
| Q1 25 | $435.8M | $1.9B | ||
| Q4 24 | $390.7M | $1.8B | ||
| Q3 24 | $432.6M | $1.7B | ||
| Q2 24 | $457.4M | $1.7B | ||
| Q1 24 | $426.7M | $1.7B |
负债/权益比EXPIFSS
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.26× |
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 | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $89.5M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.0% |
| 资本支出强度资本支出/营收 | 0.2% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $227.1M |
8季度趋势，按日历期对齐
经营现金流EXPIFSS
| Q4 25 | $13.8M | $97.2M | ||
| Q3 25 | $28.9M | $61.1M | ||
| Q2 25 | $36.1M | $59.7M | ||
| Q1 25 | $39.8M | $36.7M | ||
| Q4 24 | $13.7M | $90.6M | ||
| Q3 24 | $46.0M | $68.8M | ||
| Q2 24 | $71.1M | $40.6M | ||
| Q1 24 | $60.7M | $31.3M |
自由现金流EXPIFSS
| Q4 25 | $11.9M | $89.5M | ||
| Q3 25 | $26.6M | $54.1M | ||
| Q2 25 | $33.3M | $52.4M | ||
| Q1 25 | $37.3M | $31.1M | ||
| Q4 24 | $11.6M | $82.1M | ||
| Q3 24 | $44.4M | $60.9M | ||
| Q2 24 | $69.7M | $24.8M | ||
| Q1 24 | $59.3M | $22.9M |
自由现金流率EXPIFSS
| Q4 25 | 1.0% | 15.0% | ||
| Q3 25 | 2.0% | 9.7% | ||
| Q2 25 | 2.5% | 9.3% | ||
| Q1 25 | 3.9% | 6.7% | ||
| Q4 24 | 1.1% | 17.4% | ||
| Q3 24 | 3.6% | 12.8% | ||
| Q2 24 | 5.4% | 5.1% | ||
| Q1 24 | 6.3% | 5.4% |
资本支出强度EXPIFSS
| Q4 25 | 0.2% | 1.3% | ||
| Q3 25 | 0.2% | 1.3% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.2% | 1.8% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.1% | 3.2% | ||
| Q1 24 | 0.1% | 2.0% |
现金转化率EXPIFSS
| Q4 25 | — | 1.60× | ||
| Q3 25 | 8.26× | 0.90× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | 5.75× | 0.67× | ||
| Q1 24 | — | 0.61× |
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% |
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
