vs
eXp World Holdings, Inc.（EXPI）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是因美纳的1.0倍（$1.2B vs $1.2B），因美纳净利率更高（28.8% vs -1.1%，领先29.9%），eXp World Holdings, Inc.同比增速更快（8.5% vs 5.0%），因美纳自由现金流更多（$267.0M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -0.7%）
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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
EXPI vs ILMN — 直观对比
营收规模更大
EXPI
是对方的1.0倍
$1.2B
营收增速更快
EXPI
高出3.5%
5.0%
净利率更高
ILMN
高出29.9%
-1.1%
自由现金流更多
ILMN
多$255.1M
$11.9M
两年增速更快
EXPI
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-12.9M | $334.0M |
| 毛利率 | — | 65.5% |
| 营业利润率 | -1.1% | 17.4% |
| 净利率 | -1.1% | 28.8% |
| 营收同比 | 8.5% | 5.0% |
| 净利润同比 | -35.7% | 185.5% |
| 每股收益（稀释后） | $-0.08 | $2.16 |
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EXPIILMN
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $954.9M | — | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $943.1M | $1.1B |
净利润EXPIILMN
| Q4 25 | $-12.9M | $334.0M | ||
| Q3 25 | $3.5M | — | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | $-9.5M | $186.0M | ||
| Q3 24 | $-8.5M | $705.0M | ||
| Q2 24 | $12.4M | $-2.0B | ||
| Q1 24 | $-15.6M | $-126.0M |
毛利率EXPIILMN
| Q4 25 | — | 65.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 99.9% | 69.0% | ||
| Q2 24 | 99.9% | 64.8% | ||
| Q1 24 | — | 62.0% |
营业利润率EXPIILMN
| Q4 25 | -1.1% | 17.4% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.0% | 15.8% | ||
| Q3 24 | -0.7% | 68.6% | ||
| Q2 24 | 1.4% | -147.2% | ||
| Q1 24 | -1.9% | -10.3% |
净利率EXPIILMN
| Q4 25 | -1.1% | 28.8% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | -0.9% | 16.8% | ||
| Q3 24 | -0.7% | 65.3% | ||
| Q2 24 | 1.0% | -178.8% | ||
| Q1 24 | -1.7% | -11.7% |
每股收益（稀释后）EXPIILMN
| Q4 25 | $-0.08 | $2.16 | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.06 | $1.16 | ||
| Q3 24 | $-0.06 | $4.42 | ||
| Q2 24 | $0.08 | $-12.48 | ||
| Q1 24 | $-0.10 | $-0.79 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $2.7B |
| 总资产 | $442.5M | $6.6B |
| 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EXPIILMN
| Q4 25 | $124.2M | $1.6B | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $115.7M | — | ||
| Q4 24 | $113.6M | $93.0M | ||
| Q3 24 | $130.4M | $70.0M | ||
| Q2 24 | $108.4M | $74.0M | ||
| Q1 24 | $109.2M | — |
股东权益EXPIILMN
| Q4 25 | $242.8M | $2.7B | ||
| Q3 25 | $235.3M | — | ||
| Q2 25 | $218.4M | — | ||
| Q1 25 | $212.0M | — | ||
| Q4 24 | $204.9M | $2.4B | ||
| Q3 24 | $211.1M | $2.1B | ||
| Q2 24 | $220.3M | $1.4B | ||
| Q1 24 | $222.4M | $5.7B |
总资产EXPIILMN
| Q4 25 | $442.5M | $6.6B | ||
| Q3 25 | $458.7M | — | ||
| Q2 25 | $481.2M | — | ||
| Q1 25 | $435.8M | — | ||
| Q4 24 | $390.7M | $6.3B | ||
| Q3 24 | $432.6M | $6.0B | ||
| Q2 24 | $457.4M | $6.1B | ||
| Q1 24 | $426.7M | $10.0B |
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 | $321.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $267.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 23.0% |
| 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 | — | 0.96× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $935.0M |
8季度趋势，按日历期对齐
经营现金流EXPIILMN
| Q4 25 | $13.8M | $321.0M | ||
| Q3 25 | $28.9M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $13.7M | $364.0M | ||
| Q3 24 | $46.0M | $316.0M | ||
| Q2 24 | $71.1M | $80.0M | ||
| Q1 24 | $60.7M | $77.0M |
自由现金流EXPIILMN
| Q4 25 | $11.9M | $267.0M | ||
| Q3 25 | $26.6M | — | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $37.3M | — | ||
| Q4 24 | $11.6M | $335.0M | ||
| Q3 24 | $44.4M | $284.0M | ||
| Q2 24 | $69.7M | $49.0M | ||
| Q1 24 | $59.3M | $41.0M |
自由现金流率EXPIILMN
| Q4 25 | 1.0% | 23.0% | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 1.1% | 30.3% | ||
| Q3 24 | 3.6% | 26.3% | ||
| Q2 24 | 5.4% | 4.4% | ||
| Q1 24 | 6.3% | 3.8% |
资本支出强度EXPIILMN
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | 2.6% | ||
| Q3 24 | 0.1% | 3.0% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率EXPIILMN
| Q4 25 | — | 0.96× | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.45× | ||
| 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% |
ILMN
| Product revenue | $990.0M | 85% |
| Service and other revenue | $169.0M | 15% |
