vs
eXp World Holdings, Inc.（EXPI）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是eXp World Holdings, Inc.的1.5倍（$1.8B vs $1.2B），宜瑞安净利率更高（9.5% vs -1.1%，领先10.6%），eXp World Holdings, Inc.同比增速更快（8.5% vs -2.4%），宜瑞安自由现金流更多（$270.0M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -3.4%）
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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
EXPI vs INGR — 直观对比
营收规模更大
INGR
是对方的1.5倍
$1.2B
营收增速更快
EXPI
高出10.9%
-2.4%
净利率更高
INGR
高出10.6%
-1.1%
自由现金流更多
INGR
多$258.1M
$11.9M
两年增速更快
EXPI
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.8B |
| 净利润 | $-12.9M | $167.0M |
| 毛利率 | — | 24.5% |
| 营业利润率 | -1.1% | 12.5% |
| 净利率 | -1.1% | 9.5% |
| 营收同比 | 8.5% | -2.4% |
| 净利润同比 | -35.7% | 72.2% |
| 每股收益（稀释后） | $-0.08 | $2.58 |
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EXPIINGR
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $954.9M | $1.8B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $943.1M | $1.9B |
净利润EXPIINGR
| Q4 25 | $-12.9M | $167.0M | ||
| Q3 25 | $3.5M | $171.0M | ||
| Q2 25 | $-2.3M | $196.0M | ||
| Q1 25 | $-11.0M | $197.0M | ||
| Q4 24 | $-9.5M | $97.0M | ||
| Q3 24 | $-8.5M | $188.0M | ||
| Q2 24 | $12.4M | $148.0M | ||
| Q1 24 | $-15.6M | $216.0M |
毛利率EXPIINGR
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 25.7% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | 99.9% | 25.6% | ||
| Q2 24 | 99.9% | 23.7% | ||
| Q1 24 | — | 22.2% |
营业利润率EXPIINGR
| Q4 25 | -1.1% | 12.5% | ||
| Q3 25 | 0.3% | 13.7% | ||
| Q2 25 | -0.2% | 14.8% | ||
| Q1 25 | -1.1% | 15.2% | ||
| Q4 24 | -1.0% | 9.0% | ||
| Q3 24 | -0.7% | 14.3% | ||
| Q2 24 | 1.4% | 12.8% | ||
| Q1 24 | -1.9% | 11.3% |
净利率EXPIINGR
| Q4 25 | -1.1% | 9.5% | ||
| Q3 25 | 0.3% | 9.4% | ||
| Q2 25 | -0.2% | 10.7% | ||
| Q1 25 | -1.2% | 10.9% | ||
| Q4 24 | -0.9% | 5.4% | ||
| Q3 24 | -0.7% | 10.1% | ||
| Q2 24 | 1.0% | 7.9% | ||
| Q1 24 | -1.7% | 11.5% |
每股收益（稀释后）EXPIINGR
| Q4 25 | $-0.08 | $2.58 | ||
| Q3 25 | $0.02 | $2.61 | ||
| Q2 25 | $-0.01 | $2.99 | ||
| Q1 25 | $-0.07 | $3.00 | ||
| Q4 24 | $-0.06 | $1.43 | ||
| Q3 24 | $-0.06 | $2.83 | ||
| Q2 24 | $0.08 | $2.22 | ||
| Q1 24 | $-0.10 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $4.3B |
| 总资产 | $442.5M | $7.9B |
| 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EXPIINGR
| Q4 25 | $124.2M | $1.0B | ||
| Q3 25 | $112.8M | $915.0M | ||
| Q2 25 | $94.6M | $861.0M | ||
| Q1 25 | $115.7M | $837.0M | ||
| Q4 24 | $113.6M | $997.0M | ||
| Q3 24 | $130.4M | $877.0M | ||
| Q2 24 | $108.4M | $505.0M | ||
| Q1 24 | $109.2M | $438.0M |
股东权益EXPIINGR
| Q4 25 | $242.8M | $4.3B | ||
| Q3 25 | $235.3M | $4.2B | ||
| Q2 25 | $218.4M | $4.2B | ||
| Q1 25 | $212.0M | $4.0B | ||
| Q4 24 | $204.9M | $3.8B | ||
| Q3 24 | $211.1M | $4.0B | ||
| Q2 24 | $220.3M | $3.7B | ||
| Q1 24 | $222.4M | $3.7B |
总资产EXPIINGR
| Q4 25 | $442.5M | $7.9B | ||
| Q3 25 | $458.7M | $7.8B | ||
| Q2 25 | $481.2M | $7.8B | ||
| Q1 25 | $435.8M | $7.5B | ||
| Q4 24 | $390.7M | $7.4B | ||
| Q3 24 | $432.6M | $7.5B | ||
| Q2 24 | $457.4M | $7.2B | ||
| Q1 24 | $426.7M | $7.3B |
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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $270.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.4% |
| 资本支出强度资本支出/营收 | 0.2% | 7.7% |
| 现金转化率经营现金流/净利润 | — | 2.43× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流EXPIINGR
| Q4 25 | $13.8M | $405.0M | ||
| Q3 25 | $28.9M | $277.0M | ||
| Q2 25 | $36.1M | $185.0M | ||
| Q1 25 | $39.8M | $77.0M | ||
| Q4 24 | $13.7M | $436.0M | ||
| Q3 24 | $46.0M | $479.0M | ||
| Q2 24 | $71.1M | $312.0M | ||
| Q1 24 | $60.7M | $209.0M |
自由现金流EXPIINGR
| Q4 25 | $11.9M | $270.0M | ||
| Q3 25 | $26.6M | $172.0M | ||
| Q2 25 | $33.3M | $84.0M | ||
| Q1 25 | $37.3M | $-15.0M | ||
| Q4 24 | $11.6M | $311.0M | ||
| Q3 24 | $44.4M | $429.0M | ||
| Q2 24 | $69.7M | $257.0M | ||
| Q1 24 | $59.3M | $144.0M |
自由现金流率EXPIINGR
| Q4 25 | 1.0% | 15.4% | ||
| Q3 25 | 2.0% | 9.5% | ||
| Q2 25 | 2.5% | 4.6% | ||
| Q1 25 | 3.9% | -0.8% | ||
| Q4 24 | 1.1% | 17.3% | ||
| Q3 24 | 3.6% | 22.9% | ||
| Q2 24 | 5.4% | 13.7% | ||
| Q1 24 | 6.3% | 7.7% |
资本支出强度EXPIINGR
| Q4 25 | 0.2% | 7.7% | ||
| Q3 25 | 0.2% | 5.8% | ||
| Q2 25 | 0.2% | 5.5% | ||
| Q1 25 | 0.3% | 5.1% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | 0.1% | 3.5% |
现金转化率EXPIINGR
| Q4 25 | — | 2.43× | ||
| Q3 25 | 8.26× | 1.62× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 4.49× | ||
| Q3 24 | — | 2.55× | ||
| Q2 24 | 5.75× | 2.11× | ||
| Q1 24 | — | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
