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eXp World Holdings, Inc.（EXPI）与IES Holdings, Inc.（IESC）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IES Holdings, Inc.的1.4倍（$1.2B vs $871.0M），IES Holdings, Inc.净利率更高（10.5% vs -1.1%，领先11.6%），IES Holdings, Inc.同比增速更快（16.2% vs 8.5%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-18.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 11.1%）
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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
EXPI vs IESC — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$871.0M
营收增速更快
IESC
高出7.7%
8.5%
净利率更高
IESC
高出11.6%
-1.1%
自由现金流更多
EXPI
多$30.8M
$-18.9M
两年增速更快
EXPI
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $871.0M |
| 净利润 | $-12.9M | $91.8M |
| 毛利率 | — | 25.3% |
| 营业利润率 | -1.1% | 11.2% |
| 净利率 | -1.1% | 10.5% |
| 营收同比 | 8.5% | 16.2% |
| 净利润同比 | -35.7% | 59.1% |
| 每股收益（稀释后） | $-0.08 | $4.51 |
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EXPIIESC
| Q4 25 | $1.2B | $871.0M | ||
| Q3 25 | $1.3B | $897.8M | ||
| Q2 25 | $1.3B | $890.2M | ||
| Q1 25 | $954.9M | $834.0M | ||
| Q4 24 | $1.1B | $749.5M | ||
| Q3 24 | $1.2B | $775.8M | ||
| Q2 24 | $1.3B | $768.4M | ||
| Q1 24 | $943.1M | $705.7M |
净利润EXPIIESC
| Q4 25 | $-12.9M | $91.8M | ||
| Q3 25 | $3.5M | $102.3M | ||
| Q2 25 | $-2.3M | $79.3M | ||
| Q1 25 | $-11.0M | $72.6M | ||
| Q4 24 | $-9.5M | $57.7M | ||
| Q3 24 | $-8.5M | $65.5M | ||
| Q2 24 | $12.4M | $66.6M | ||
| Q1 24 | $-15.6M | $56.8M |
毛利率EXPIIESC
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 99.9% | 24.0% | ||
| Q2 24 | 99.9% | 25.3% | ||
| Q1 24 | — | 24.3% |
营业利润率EXPIIESC
| Q4 25 | -1.1% | 11.2% | ||
| Q3 25 | 0.3% | 11.6% | ||
| Q2 25 | -0.2% | 12.6% | ||
| Q1 25 | -1.1% | 11.1% | ||
| Q4 24 | -1.0% | 10.0% | ||
| Q3 24 | -0.7% | 9.7% | ||
| Q2 24 | 1.4% | 11.7% | ||
| Q1 24 | -1.9% | 11.0% |
净利率EXPIIESC
| Q4 25 | -1.1% | 10.5% | ||
| Q3 25 | 0.3% | 11.4% | ||
| Q2 25 | -0.2% | 8.9% | ||
| Q1 25 | -1.2% | 8.7% | ||
| Q4 24 | -0.9% | 7.7% | ||
| Q3 24 | -0.7% | 8.4% | ||
| Q2 24 | 1.0% | 8.7% | ||
| Q1 24 | -1.7% | 8.0% |
每股收益（稀释后）EXPIIESC
| Q4 25 | $-0.08 | $4.51 | ||
| Q3 25 | $0.02 | $4.99 | ||
| Q2 25 | $-0.01 | $3.81 | ||
| Q1 25 | $-0.07 | $3.50 | ||
| Q4 24 | $-0.06 | $2.72 | ||
| Q3 24 | $-0.06 | $3.06 | ||
| Q2 24 | $0.08 | $2.67 | ||
| Q1 24 | $-0.10 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $961.1M |
| 总资产 | $442.5M | $1.7B |
| 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EXPIIESC
| Q4 25 | $124.2M | $258.7M | ||
| Q3 25 | $112.8M | $231.8M | ||
| Q2 25 | $94.6M | $168.3M | ||
| Q1 25 | $115.7M | $88.3M | ||
| Q4 24 | $113.6M | $112.0M | ||
| Q3 24 | $130.4M | $135.8M | ||
| Q2 24 | $108.4M | $44.9M | ||
| Q1 24 | $109.2M | $106.0M |
股东权益EXPIIESC
| Q4 25 | $242.8M | $961.1M | ||
| Q3 25 | $235.3M | $884.0M | ||
| Q2 25 | $218.4M | $781.4M | ||
| Q1 25 | $212.0M | $705.8M | ||
| Q4 24 | $204.9M | $652.4M | ||
| Q3 24 | $211.1M | $611.1M | ||
| Q2 24 | $220.3M | $567.5M | ||
| Q1 24 | $222.4M | $534.8M |
总资产EXPIIESC
| Q4 25 | $442.5M | $1.7B | ||
| Q3 25 | $458.7M | $1.6B | ||
| Q2 25 | $481.2M | $1.5B | ||
| Q1 25 | $435.8M | $1.4B | ||
| Q4 24 | $390.7M | $1.3B | ||
| Q3 24 | $432.6M | $1.2B | ||
| Q2 24 | $457.4M | $1.2B | ||
| Q1 24 | $426.7M | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-18.9M |
| 自由现金流率自由现金流/营收 | 1.0% | -2.2% |
| 资本支出强度资本支出/营收 | 0.2% | 5.3% |
| 现金转化率经营现金流/净利润 | — | 0.30× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $175.9M |
8季度趋势，按日历期对齐
经营现金流EXPIIESC
| Q4 25 | $13.8M | $27.7M | ||
| Q3 25 | $28.9M | $132.0M | ||
| Q2 25 | $36.1M | $92.0M | ||
| Q1 25 | $39.8M | $24.8M | ||
| Q4 24 | $13.7M | $37.3M | ||
| Q3 24 | $46.0M | $92.8M | ||
| Q2 24 | $71.1M | $82.9M | ||
| Q1 24 | $60.7M | $33.7M |
自由现金流EXPIIESC
| Q4 25 | $11.9M | $-18.9M | ||
| Q3 25 | $26.6M | $112.0M | ||
| Q2 25 | $33.3M | $74.8M | ||
| Q1 25 | $37.3M | $7.9M | ||
| Q4 24 | $11.6M | $24.1M | ||
| Q3 24 | $44.4M | $78.5M | ||
| Q2 24 | $69.7M | $65.4M | ||
| Q1 24 | $59.3M | $26.9M |
自由现金流率EXPIIESC
| Q4 25 | 1.0% | -2.2% | ||
| Q3 25 | 2.0% | 12.5% | ||
| Q2 25 | 2.5% | 8.4% | ||
| Q1 25 | 3.9% | 0.9% | ||
| Q4 24 | 1.1% | 3.2% | ||
| Q3 24 | 3.6% | 10.1% | ||
| Q2 24 | 5.4% | 8.5% | ||
| Q1 24 | 6.3% | 3.8% |
资本支出强度EXPIIESC
| Q4 25 | 0.2% | 5.3% | ||
| Q3 25 | 0.2% | 2.2% | ||
| Q2 25 | 0.2% | 1.9% | ||
| Q1 25 | 0.3% | 2.0% | ||
| Q4 24 | 0.2% | 1.8% | ||
| Q3 24 | 0.1% | 1.8% | ||
| Q2 24 | 0.1% | 2.3% | ||
| Q1 24 | 0.1% | 1.0% |
现金转化率EXPIIESC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 8.26× | 1.29× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | 5.75× | 1.24× | ||
| Q1 24 | — | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
