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eXp World Holdings, Inc.（EXPI）与Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的1.6倍（$1.2B vs $747.5M），Installed Building Products, Inc.净利率更高（10.2% vs -1.1%，领先11.3%），eXp World Holdings, Inc.同比增速更快（8.5% vs -0.4%），Installed Building Products, Inc.自由现金流更多（$49.3M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 3.9%）
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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
EXPI vs IBP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $747.5M |
| 净利润 | $-12.9M | $76.6M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -1.1% | 14.6% |
| 净利率 | -1.1% | 10.2% |
| 营收同比 | 8.5% | -0.4% |
| 净利润同比 | -35.7% | 14.5% |
| 每股收益（稀释后） | $-0.08 | $2.81 |
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
| Q4 25 | $1.2B | $747.5M | ||
| Q3 25 | $1.3B | $778.2M | ||
| Q2 25 | $1.3B | $760.3M | ||
| Q1 25 | $954.9M | $684.8M | ||
| Q4 24 | $1.1B | $750.2M | ||
| Q3 24 | $1.2B | $760.6M | ||
| Q2 24 | $1.3B | $737.6M | ||
| Q1 24 | $943.1M | $692.9M |
| Q4 25 | $-12.9M | $76.6M | ||
| Q3 25 | $3.5M | $74.4M | ||
| Q2 25 | $-2.3M | $69.0M | ||
| Q1 25 | $-11.0M | $45.4M | ||
| Q4 24 | $-9.5M | $66.9M | ||
| Q3 24 | $-8.5M | $68.6M | ||
| Q2 24 | $12.4M | $65.2M | ||
| Q1 24 | $-15.6M | $55.9M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | 99.9% | 33.8% | ||
| Q2 24 | 99.9% | 34.1% | ||
| Q1 24 | — | 33.8% |
| Q4 25 | -1.1% | 14.6% | ||
| Q3 25 | 0.3% | 13.7% | ||
| Q2 25 | -0.2% | 13.3% | ||
| Q1 25 | -1.1% | 10.2% | ||
| Q4 24 | -1.0% | 13.1% | ||
| Q3 24 | -0.7% | 13.3% | ||
| Q2 24 | 1.4% | 12.9% | ||
| Q1 24 | -1.9% | 12.7% |
| Q4 25 | -1.1% | 10.2% | ||
| Q3 25 | 0.3% | 9.6% | ||
| Q2 25 | -0.2% | 9.1% | ||
| Q1 25 | -1.2% | 6.6% | ||
| Q4 24 | -0.9% | 8.9% | ||
| Q3 24 | -0.7% | 9.0% | ||
| Q2 24 | 1.0% | 8.8% | ||
| Q1 24 | -1.7% | 8.1% |
| Q4 25 | $-0.08 | $2.81 | ||
| Q3 25 | $0.02 | $2.74 | ||
| Q2 25 | $-0.01 | $2.52 | ||
| Q1 25 | $-0.07 | $1.64 | ||
| Q4 24 | $-0.06 | $2.39 | ||
| Q3 24 | $-0.06 | $2.44 | ||
| Q2 24 | $0.08 | $2.30 | ||
| Q1 24 | $-0.10 | $1.97 |
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 | $321.9M |
| 总债务越低越好 | — | $886.6M |
| 股东权益账面价值 | $242.8M | $709.9M |
| 总资产 | $442.5M | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.25× |
8季度趋势，按日历期对齐
| Q4 25 | $124.2M | $321.9M | ||
| Q3 25 | $112.8M | $333.3M | ||
| Q2 25 | $94.6M | $305.2M | ||
| Q1 25 | $115.7M | $298.7M | ||
| Q4 24 | $113.6M | $327.6M | ||
| Q3 24 | $130.4M | $406.2M | ||
| Q2 24 | $108.4M | $380.3M | ||
| Q1 24 | $109.2M | $399.9M |
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M | ||
| Q1 24 | — | $875.0M |
| Q4 25 | $242.8M | $709.9M | ||
| Q3 25 | $235.3M | $678.6M | ||
| Q2 25 | $218.4M | $664.5M | ||
| Q1 25 | $212.0M | $660.9M | ||
| Q4 24 | $204.9M | $705.3M | ||
| Q3 24 | $211.1M | $716.4M | ||
| Q2 24 | $220.3M | $685.3M | ||
| Q1 24 | $222.4M | $679.2M |
| Q4 25 | $442.5M | $2.1B | ||
| Q3 25 | $458.7M | $2.1B | ||
| Q2 25 | $481.2M | $2.0B | ||
| Q1 25 | $435.8M | $2.0B | ||
| Q4 24 | $390.7M | $2.1B | ||
| Q3 24 | $432.6M | $2.1B | ||
| Q2 24 | $457.4M | $2.0B | ||
| Q1 24 | $426.7M | $2.0B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $49.3M |
| 自由现金流率自由现金流/营收 | 1.0% | 6.6% |
| 资本支出强度资本支出/营收 | 0.2% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $300.8M |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $64.9M | ||
| Q3 25 | $28.9M | $124.0M | ||
| Q2 25 | $36.1M | $90.4M | ||
| Q1 25 | $39.8M | $92.1M | ||
| Q4 24 | $13.7M | $74.8M | ||
| Q3 24 | $46.0M | $101.4M | ||
| Q2 24 | $71.1M | $79.0M | ||
| Q1 24 | $60.7M | $84.8M |
| Q4 25 | $11.9M | $49.3M | ||
| Q3 25 | $26.6M | $104.8M | ||
| Q2 25 | $33.3M | $74.8M | ||
| Q1 25 | $37.3M | $71.9M | ||
| Q4 24 | $11.6M | $52.9M | ||
| Q3 24 | $44.4M | $77.3M | ||
| Q2 24 | $69.7M | $58.2M | ||
| Q1 24 | $59.3M | $63.0M |
| Q4 25 | 1.0% | 6.6% | ||
| Q3 25 | 2.0% | 13.5% | ||
| Q2 25 | 2.5% | 9.8% | ||
| Q1 25 | 3.9% | 10.5% | ||
| Q4 24 | 1.1% | 7.1% | ||
| Q3 24 | 3.6% | 10.2% | ||
| Q2 24 | 5.4% | 7.9% | ||
| Q1 24 | 6.3% | 9.1% |
| Q4 25 | 0.2% | 2.1% | ||
| Q3 25 | 0.2% | 2.5% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.2% | 2.9% | ||
| Q3 24 | 0.1% | 3.2% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 3.1% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 8.26× | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 5.75× | 1.21× | ||
| Q1 24 | — | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
