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eXp World Holdings, Inc.（EXPI）与GRAPHIC PACKAGING HOLDING CO（GPK）财务数据对比。点击上方公司名可切换其他公司
GRAPHIC PACKAGING HOLDING CO的季度营收约是eXp World Holdings, Inc.的1.8倍（$2.1B vs $1.2B），GRAPHIC PACKAGING HOLDING CO净利率更高（3.4% vs -1.1%，领先4.5%），eXp World Holdings, Inc.同比增速更快（8.5% vs 0.2%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -3.5%）
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。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
EXPI vs GPK — 直观对比
营收规模更大
GPK
是对方的1.8倍
$1.2B
营收增速更快
EXPI
高出8.3%
0.2%
净利率更高
GPK
高出4.5%
-1.1%
两年增速更快
EXPI
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $-12.9M | $71.0M |
| 毛利率 | — | 14.1% |
| 营业利润率 | -1.1% | 7.4% |
| 净利率 | -1.1% | 3.4% |
| 营收同比 | 8.5% | 0.2% |
| 净利润同比 | -35.7% | -48.6% |
| 每股收益（稀释后） | $-0.08 | $0.24 |
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EXPIGPK
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $954.9M | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $943.1M | $2.3B |
净利润EXPIGPK
| Q4 25 | $-12.9M | $71.0M | ||
| Q3 25 | $3.5M | $142.0M | ||
| Q2 25 | $-2.3M | $104.0M | ||
| Q1 25 | $-11.0M | $127.0M | ||
| Q4 24 | $-9.5M | $138.0M | ||
| Q3 24 | $-8.5M | $165.0M | ||
| Q2 24 | $12.4M | $190.0M | ||
| Q1 24 | $-15.6M | $165.0M |
毛利率EXPIGPK
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 18.7% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 99.9% | 22.3% | ||
| Q2 24 | 99.9% | 21.2% | ||
| Q1 24 | — | 23.0% |
营业利润率EXPIGPK
| Q4 25 | -1.1% | 7.4% | ||
| Q3 25 | 0.3% | 10.7% | ||
| Q2 25 | -0.2% | 8.8% | ||
| Q1 25 | -1.1% | 10.5% | ||
| Q4 24 | -1.0% | 11.4% | ||
| Q3 24 | -0.7% | 12.6% | ||
| Q2 24 | 1.4% | 14.5% | ||
| Q1 24 | -1.9% | 12.4% |
净利率EXPIGPK
| Q4 25 | -1.1% | 3.4% | ||
| Q3 25 | 0.3% | 6.5% | ||
| Q2 25 | -0.2% | 4.7% | ||
| Q1 25 | -1.2% | 6.0% | ||
| Q4 24 | -0.9% | 6.6% | ||
| Q3 24 | -0.7% | 7.5% | ||
| Q2 24 | 1.0% | 8.5% | ||
| Q1 24 | -1.7% | 7.3% |
每股收益（稀释后）EXPIGPK
| Q4 25 | $-0.08 | $0.24 | ||
| Q3 25 | $0.02 | $0.48 | ||
| Q2 25 | $-0.01 | $0.34 | ||
| Q1 25 | $-0.07 | $0.42 | ||
| Q4 24 | $-0.06 | $0.46 | ||
| Q3 24 | $-0.06 | $0.55 | ||
| Q2 24 | $0.08 | $0.62 | ||
| Q1 24 | $-0.10 | $0.53 |
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 | $261.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $242.8M | $3.3B |
| 总资产 | $442.5M | $11.8B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资EXPIGPK
| Q4 25 | $124.2M | $261.0M | ||
| Q3 25 | $112.8M | $120.0M | ||
| Q2 25 | $94.6M | $120.0M | ||
| Q1 25 | $115.7M | $129.0M | ||
| Q4 24 | $113.6M | $157.0M | ||
| Q3 24 | $130.4M | $126.0M | ||
| Q2 24 | $108.4M | $125.0M | ||
| Q1 24 | $109.2M | $136.0M |
总债务EXPIGPK
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益EXPIGPK
| Q4 25 | $242.8M | $3.3B | ||
| Q3 25 | $235.3M | $3.3B | ||
| Q2 25 | $218.4M | $3.2B | ||
| Q1 25 | $212.0M | $3.2B | ||
| Q4 24 | $204.9M | $3.0B | ||
| Q3 24 | $211.1M | $3.0B | ||
| Q2 24 | $220.3M | $2.8B | ||
| Q1 24 | $222.4M | $2.9B |
总资产EXPIGPK
| Q4 25 | $442.5M | $11.8B | ||
| Q3 25 | $458.7M | $11.9B | ||
| Q2 25 | $481.2M | $11.8B | ||
| Q1 25 | $435.8M | $11.5B | ||
| Q4 24 | $390.7M | $11.1B | ||
| Q3 24 | $432.6M | $11.2B | ||
| Q2 24 | $457.4M | $10.8B | ||
| Q1 24 | $426.7M | $11.3B |
负债/权益比EXPIGPK
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $521.0M |
| 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 | — | 7.34× |
| 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EXPIGPK
| Q4 25 | $13.8M | $521.0M | ||
| Q3 25 | $28.9M | $227.0M | ||
| Q2 25 | $36.1M | $267.0M | ||
| Q1 25 | $39.8M | $-174.0M | ||
| Q4 24 | $13.7M | $489.0M | ||
| Q3 24 | $46.0M | $187.0M | ||
| Q2 24 | $71.1M | $161.0M | ||
| Q1 24 | $60.7M | $3.0M |
自由现金流EXPIGPK
| Q4 25 | $11.9M | — | ||
| Q3 25 | $26.6M | — | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $37.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | — | ||
| Q2 24 | $69.7M | — | ||
| Q1 24 | $59.3M | — |
自由现金流率EXPIGPK
| Q4 25 | 1.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | — |
资本支出强度EXPIGPK
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率EXPIGPK
| Q4 25 | — | 7.34× | ||
| Q3 25 | 8.26× | 1.60× | ||
| Q2 25 | — | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | 5.75× | 0.85× | ||
| Q1 24 | — | 0.02× |
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% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
