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eXp World Holdings, Inc.（EXPI）与Fathom Holdings Inc.（FTHM）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Fathom Holdings Inc.的13.2倍（$1.2B vs $90.6M）。eXp World Holdings, Inc.净利率更高（-1.1% vs -7.4%，领先6.3%）。eXp World Holdings, Inc.同比增速更快（8.5% vs -1.2%）。eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-11.9M）。过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% 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。
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
EXPI vs FTHM — 直观对比
营收规模更大
EXPI
是对方的13.2倍
$90.6M
营收增速更快
EXPI
高出9.8%
-1.2%
净利率更高
EXPI
高出6.3%
-7.4%
自由现金流更多
EXPI
多$23.9M
$-11.9M
两年增速更快
FTHM
近两年复合增速
12.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $90.6M |
| 净利润 | $-12.9M | $-6.7M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | -5.2% |
| 净利率 | -1.1% | -7.4% |
| 营收同比 | 8.5% | -1.2% |
| 净利润同比 | -35.7% | -7.7% |
| 每股收益（稀释后） | $-0.08 | $-0.20 |
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EXPIFTHM
| Q4 25 | $1.2B | $90.6M | ||
| Q3 25 | $1.3B | $115.3M | ||
| Q2 25 | $1.3B | $121.4M | ||
| Q1 25 | $954.9M | $93.1M | ||
| Q4 24 | $1.1B | $91.7M | ||
| Q3 24 | $1.2B | $83.7M | ||
| Q2 24 | $1.3B | $89.2M | ||
| Q1 24 | $943.1M | $70.5M |
净利润EXPIFTHM
| Q4 25 | $-12.9M | $-6.7M | ||
| Q3 25 | $3.5M | $-4.4M | ||
| Q2 25 | $-2.3M | $-3.6M | ||
| Q1 25 | $-11.0M | $-5.6M | ||
| Q4 24 | $-9.5M | $-6.2M | ||
| Q3 24 | $-8.5M | $-8.1M | ||
| Q2 24 | $12.4M | $-1.3M | ||
| Q1 24 | $-15.6M | $-5.9M |
毛利率EXPIFTHM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
营业利润率EXPIFTHM
| Q4 25 | -1.1% | -5.2% | ||
| Q3 25 | 0.3% | -3.5% | ||
| Q2 25 | -0.2% | -2.0% | ||
| Q1 25 | -1.1% | -4.8% | ||
| Q4 24 | -1.0% | -7.0% | ||
| Q3 24 | -0.7% | -9.3% | ||
| Q2 24 | 1.4% | -4.1% | ||
| Q1 24 | -1.9% | -8.0% |
净利率EXPIFTHM
| Q4 25 | -1.1% | -7.4% | ||
| Q3 25 | 0.3% | -3.8% | ||
| Q2 25 | -0.2% | -3.0% | ||
| Q1 25 | -1.2% | -6.1% | ||
| Q4 24 | -0.9% | -6.8% | ||
| Q3 24 | -0.7% | -9.7% | ||
| Q2 24 | 1.0% | -1.5% | ||
| Q1 24 | -1.7% | -8.4% |
每股收益（稀释后）EXPIFTHM
| Q4 25 | $-0.08 | $-0.20 | ||
| Q3 25 | $0.02 | $-0.15 | ||
| Q2 25 | $-0.01 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.24 | ||
| Q4 24 | $-0.06 | $-0.29 | ||
| Q3 24 | $-0.06 | $-0.40 | ||
| Q2 24 | $0.08 | $-0.07 | ||
| Q1 24 | $-0.10 | $-0.31 |
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 | $5.8M |
| 总债务越低越好 | — | $5.6M |
| 股东权益账面价值 | $242.8M | $37.4M |
| 总资产 | $442.5M | $78.0M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资EXPIFTHM
| Q4 25 | $124.2M | $5.8M | ||
| Q3 25 | $112.8M | $9.8M | ||
| Q2 25 | $94.6M | $4.9M | ||
| Q1 25 | $115.7M | $8.0M | ||
| Q4 24 | $113.6M | $7.1M | ||
| Q3 24 | $130.4M | $13.1M | ||
| Q2 24 | $108.4M | $10.4M | ||
| Q1 24 | $109.2M | $5.7M |
总债务EXPIFTHM
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | $8.8M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $3.7M |
股东权益EXPIFTHM
| Q4 25 | $242.8M | $37.4M | ||
| Q3 25 | $235.3M | $43.4M | ||
| Q2 25 | $218.4M | $40.7M | ||
| Q1 25 | $212.0M | $43.4M | ||
| Q4 24 | $204.9M | $44.7M | ||
| Q3 24 | $211.1M | $47.1M | ||
| Q2 24 | $220.3M | $53.1M | ||
| Q1 24 | $222.4M | $51.9M |
总资产EXPIFTHM
| Q4 25 | $442.5M | $78.0M | ||
| Q3 25 | $458.7M | $83.2M | ||
| Q2 25 | $481.2M | $80.4M | ||
| Q1 25 | $435.8M | $81.0M | ||
| Q4 24 | $390.7M | $75.4M | ||
| Q3 24 | $432.6M | $80.9M | ||
| Q2 24 | $457.4M | $80.2M | ||
| Q1 24 | $426.7M | $78.2M |
负债/权益比EXPIFTHM
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.07× | ||
| Q1 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 | $-11.9M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-11.9M |
| 自由现金流率自由现金流/营收 | 1.0% | -13.2% |
| 资本支出强度资本支出/营收 | 0.2% | 0.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | $-20.7M |
8季度趋势，按日历期对齐
经营现金流EXPIFTHM
| Q4 25 | $13.8M | $-11.9M | ||
| Q3 25 | $28.9M | $3.0M | ||
| Q2 25 | $36.1M | $-5.9M | ||
| Q1 25 | $39.8M | $-5.7M | ||
| Q4 24 | $13.7M | $-317.0K | ||
| Q3 24 | $46.0M | $-330.0K | ||
| Q2 24 | $71.1M | $-3.1M | ||
| Q1 24 | $60.7M | $-947.0K |
自由现金流EXPIFTHM
| Q4 25 | $11.9M | $-11.9M | ||
| Q3 25 | $26.6M | $3.0M | ||
| Q2 25 | $33.3M | $-6.0M | ||
| Q1 25 | $37.3M | $-5.8M | ||
| Q4 24 | $11.6M | $-322.0K | ||
| Q3 24 | $44.4M | $-364.0K | ||
| Q2 24 | $69.7M | $-3.1M | ||
| Q1 24 | $59.3M | $-948.0K |
自由现金流率EXPIFTHM
| Q4 25 | 1.0% | -13.2% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | 2.5% | -4.9% | ||
| Q1 25 | 3.9% | -6.2% | ||
| Q4 24 | 1.1% | -0.4% | ||
| Q3 24 | 3.6% | -0.4% | ||
| Q2 24 | 5.4% | -3.5% | ||
| Q1 24 | 6.3% | -1.3% |
资本支出强度EXPIFTHM
| Q4 25 | 0.2% | 0.0% | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.3% | 0.0% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
现金转化率EXPIFTHM
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | — |
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% |
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
