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eXp World Holdings, Inc.（EXPI）与KIRBY CORP（KEX）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KIRBY CORP的1.4倍（$1.2B vs $844.1M），KIRBY CORP净利率更高（9.6% vs -1.1%，领先10.7%），eXp World Holdings, Inc.同比增速更快（8.5% vs 7.4%），KIRBY CORP自由现金流更多（$49.4M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 1.2%）
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。
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
EXPI vs KEX — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$844.1M
营收增速更快
EXPI
高出1.1%
7.4%
净利率更高
KEX
高出10.7%
-1.1%
自由现金流更多
KEX
多$37.5M
$11.9M
两年增速更快
EXPI
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $844.1M |
| 净利润 | $-12.9M | $81.3M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 12.8% |
| 净利率 | -1.1% | 9.6% |
| 营收同比 | 8.5% | 7.4% |
| 净利润同比 | -35.7% | 6.6% |
| 每股收益（稀释后） | $-0.08 | $1.50 |
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EXPIKEX
| Q1 26 | — | $844.1M | ||
| Q4 25 | $1.2B | $851.8M | ||
| Q3 25 | $1.3B | $871.2M | ||
| Q2 25 | $1.3B | $855.5M | ||
| Q1 25 | $954.9M | $785.7M | ||
| Q4 24 | $1.1B | $802.3M | ||
| Q3 24 | $1.2B | $831.1M | ||
| Q2 24 | $1.3B | $824.4M |
净利润EXPIKEX
| Q1 26 | — | $81.3M | ||
| Q4 25 | $-12.9M | $91.8M | ||
| Q3 25 | $3.5M | $92.5M | ||
| Q2 25 | $-2.3M | $94.3M | ||
| Q1 25 | $-11.0M | $76.0M | ||
| Q4 24 | $-9.5M | $42.8M | ||
| Q3 24 | $-8.5M | $90.0M | ||
| Q2 24 | $12.4M | $83.9M |
毛利率EXPIKEX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — |
营业利润率EXPIKEX
| Q1 26 | — | 12.8% | ||
| Q4 25 | -1.1% | 15.2% | ||
| Q3 25 | 0.3% | 14.8% | ||
| Q2 25 | -0.2% | 15.4% | ||
| Q1 25 | -1.1% | 13.4% | ||
| Q4 24 | -1.0% | 6.3% | ||
| Q3 24 | -0.7% | 15.3% | ||
| Q2 24 | 1.4% | 14.6% |
净利率EXPIKEX
| Q1 26 | — | 9.6% | ||
| Q4 25 | -1.1% | 10.8% | ||
| Q3 25 | 0.3% | 10.6% | ||
| Q2 25 | -0.2% | 11.0% | ||
| Q1 25 | -1.2% | 9.7% | ||
| Q4 24 | -0.9% | 5.3% | ||
| Q3 24 | -0.7% | 10.8% | ||
| Q2 24 | 1.0% | 10.2% |
每股收益（稀释后）EXPIKEX
| Q1 26 | — | $1.50 | ||
| Q4 25 | $-0.08 | $1.68 | ||
| Q3 25 | $0.02 | $1.65 | ||
| Q2 25 | $-0.01 | $1.67 | ||
| Q1 25 | $-0.07 | $1.33 | ||
| Q4 24 | $-0.06 | $0.74 | ||
| Q3 24 | $-0.06 | $1.55 | ||
| Q2 24 | $0.08 | $1.43 |
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 | $58.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $3.4B |
| 总资产 | $442.5M | — |
| 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EXPIKEX
| Q1 26 | — | $58.0M | ||
| Q4 25 | $124.2M | $78.8M | ||
| Q3 25 | $112.8M | $47.0M | ||
| Q2 25 | $94.6M | $68.4M | ||
| Q1 25 | $115.7M | $51.1M | ||
| Q4 24 | $113.6M | $74.4M | ||
| Q3 24 | $130.4M | $67.1M | ||
| Q2 24 | $108.4M | $53.5M |
总债务EXPIKEX
| Q1 26 | — | — | ||
| Q4 25 | — | $919.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $874.9M | ||
| Q3 24 | — | $978.6M | ||
| Q2 24 | — | $1.0B |
股东权益EXPIKEX
| Q1 26 | — | $3.4B | ||
| Q4 25 | $242.8M | $3.4B | ||
| Q3 25 | $235.3M | $3.4B | ||
| Q2 25 | $218.4M | $3.4B | ||
| Q1 25 | $212.0M | $3.3B | ||
| Q4 24 | $204.9M | $3.4B | ||
| Q3 24 | $211.1M | $3.3B | ||
| Q2 24 | $220.3M | $3.3B |
总资产EXPIKEX
| Q1 26 | — | — | ||
| Q4 25 | $442.5M | $6.0B | ||
| Q3 25 | $458.7M | $6.1B | ||
| Q2 25 | $481.2M | $6.1B | ||
| Q1 25 | $435.8M | $6.0B | ||
| Q4 24 | $390.7M | $5.9B | ||
| Q3 24 | $432.6M | $5.9B | ||
| Q2 24 | $457.4M | $5.9B |
负债/权益比EXPIKEX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.32× |
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 | $97.7M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $49.4M |
| 自由现金流率自由现金流/营收 | 1.0% | 5.9% |
| 资本支出强度资本支出/营收 | 0.2% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 1.20× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $497.3M |
8季度趋势，按日历期对齐
经营现金流EXPIKEX
| Q1 26 | — | $97.7M | ||
| Q4 25 | $13.8M | $312.2M | ||
| Q3 25 | $28.9M | $227.5M | ||
| Q2 25 | $36.1M | $93.9M | ||
| Q1 25 | $39.8M | $36.5M | ||
| Q4 24 | $13.7M | $247.4M | ||
| Q3 24 | $46.0M | $206.5M | ||
| Q2 24 | $71.1M | $179.3M |
自由现金流EXPIKEX
| Q1 26 | — | $49.4M | ||
| Q4 25 | $11.9M | $265.2M | ||
| Q3 25 | $26.6M | $160.3M | ||
| Q2 25 | $33.3M | $22.4M | ||
| Q1 25 | $37.3M | $-42.1M | ||
| Q4 24 | $11.6M | $150.7M | ||
| Q3 24 | $44.4M | $130.1M | ||
| Q2 24 | $69.7M | $90.8M |
自由现金流率EXPIKEX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 1.0% | 31.1% | ||
| Q3 25 | 2.0% | 18.4% | ||
| Q2 25 | 2.5% | 2.6% | ||
| Q1 25 | 3.9% | -5.4% | ||
| Q4 24 | 1.1% | 18.8% | ||
| Q3 24 | 3.6% | 15.7% | ||
| Q2 24 | 5.4% | 11.0% |
资本支出强度EXPIKEX
| Q1 26 | — | 5.7% | ||
| Q4 25 | 0.2% | 5.5% | ||
| Q3 25 | 0.2% | 7.7% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.3% | 10.0% | ||
| Q4 24 | 0.2% | 12.0% | ||
| Q3 24 | 0.1% | 9.2% | ||
| Q2 24 | 0.1% | 10.7% |
现金转化率EXPIKEX
| Q1 26 | — | 1.20× | ||
| Q4 25 | — | 3.40× | ||
| Q3 25 | 8.26× | 2.46× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 5.78× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | 5.75× | 2.14× |
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% |
KEX
| Marine transportation | $497.2M | 59% |
| Distribution and services | $346.9M | 41% |
