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eXp World Holdings, Inc.（EXPI）与KeyCorp（KEY）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是eXp World Holdings, Inc.的1.7倍（$2.0B vs $1.2B），KeyCorp净利率更高（25.4% vs -1.1%，领先26.5%），KeyCorp同比增速更快（131.8% vs 8.5%），KeyCorp自由现金流更多（$2.1B vs $11.9M），过去两年KeyCorp的营收复合增速更高（14.4% vs 12.4%）
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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
EXPI vs KEY — 直观对比
营收规模更大
KEY
是对方的1.7倍
$1.2B
营收增速更快
KEY
高出123.3%
8.5%
净利率更高
KEY
高出26.5%
-1.1%
自由现金流更多
KEY
多$2.1B
$11.9M
两年增速更快
KEY
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $-12.9M | $510.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 32.3% |
| 净利率 | -1.1% | 25.4% |
| 营收同比 | 8.5% | 131.8% |
| 净利润同比 | -35.7% | 309.0% |
| 每股收益（稀释后） | $-0.08 | $0.43 |
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EXPIKEY
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $954.9M | $1.8B | ||
| Q4 24 | $1.1B | $865.0M | ||
| Q3 24 | $1.2B | $695.0M | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $943.1M | $1.5B |
净利润EXPIKEY
| Q4 25 | $-12.9M | $510.0M | ||
| Q3 25 | $3.5M | $489.0M | ||
| Q2 25 | $-2.3M | $425.0M | ||
| Q1 25 | $-11.0M | $405.0M | ||
| Q4 24 | $-9.5M | $-244.0M | ||
| Q3 24 | $-8.5M | $-410.0M | ||
| Q2 24 | $12.4M | $274.0M | ||
| Q1 24 | $-15.6M | $219.0M |
毛利率EXPIKEY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
营业利润率EXPIKEY
| Q4 25 | -1.1% | 32.3% | ||
| Q3 25 | 0.3% | 31.8% | ||
| Q2 25 | -0.2% | 29.3% | ||
| Q1 25 | -1.1% | 29.0% | ||
| Q4 24 | -1.0% | -92.6% | ||
| Q3 24 | -0.7% | -72.8% | ||
| Q2 24 | 1.4% | 22.0% | ||
| Q1 24 | -1.9% | 18.1% |
净利率EXPIKEY
| Q4 25 | -1.1% | 25.4% | ||
| Q3 25 | 0.3% | 25.8% | ||
| Q2 25 | -0.2% | 23.1% | ||
| Q1 25 | -1.2% | 22.8% | ||
| Q4 24 | -0.9% | -54.7% | ||
| Q3 24 | -0.7% | -59.0% | ||
| Q2 24 | 1.0% | 18.0% | ||
| Q1 24 | -1.7% | 14.3% |
每股收益（稀释后）EXPIKEY
| Q4 25 | $-0.08 | $0.43 | ||
| Q3 25 | $0.02 | $0.41 | ||
| Q2 25 | $-0.01 | $0.35 | ||
| Q1 25 | $-0.07 | $0.33 | ||
| Q4 24 | $-0.06 | $-0.30 | ||
| Q3 24 | $-0.06 | $-0.47 | ||
| Q2 24 | $0.08 | $0.25 | ||
| Q1 24 | $-0.10 | $0.20 |
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 | $10.2B |
| 总债务越低越好 | — | $9.9B |
| 股东权益账面价值 | $242.8M | $20.4B |
| 总资产 | $442.5M | $184.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资EXPIKEY
| Q4 25 | $124.2M | $10.2B | ||
| Q3 25 | $112.8M | $13.3B | ||
| Q2 25 | $94.6M | $11.6B | ||
| Q1 25 | $115.7M | $15.3B | ||
| Q4 24 | $113.6M | $17.5B | ||
| Q3 24 | $130.4M | $22.8B | ||
| Q2 24 | $108.4M | $15.5B | ||
| Q1 24 | $109.2M | $13.2B |
总债务EXPIKEY
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $20.8B |
股东权益EXPIKEY
| Q4 25 | $242.8M | $20.4B | ||
| Q3 25 | $235.3M | $20.1B | ||
| Q2 25 | $218.4M | $19.5B | ||
| Q1 25 | $212.0M | $19.0B | ||
| Q4 24 | $204.9M | $18.2B | ||
| Q3 24 | $211.1M | $16.9B | ||
| Q2 24 | $220.3M | $14.8B | ||
| Q1 24 | $222.4M | $14.5B |
总资产EXPIKEY
| Q4 25 | $442.5M | $184.4B | ||
| Q3 25 | $458.7M | $187.4B | ||
| Q2 25 | $481.2M | $185.5B | ||
| Q1 25 | $435.8M | $188.7B | ||
| Q4 24 | $390.7M | $187.2B | ||
| Q3 24 | $432.6M | $189.8B | ||
| Q2 24 | $457.4M | $187.4B | ||
| Q1 24 | $426.7M | $187.5B |
负债/权益比EXPIKEY
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
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 | $2.2B |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $2.1B |
| 自由现金流率自由现金流/营收 | 1.0% | 104.8% |
| 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 | — | 4.33× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $3.5B |
8季度趋势，按日历期对齐
经营现金流EXPIKEY
| Q4 25 | $13.8M | $2.2B | ||
| Q3 25 | $28.9M | $396.0M | ||
| Q2 25 | $36.1M | $1.2B | ||
| Q1 25 | $39.8M | $-140.0M | ||
| Q4 24 | $13.7M | $664.0M | ||
| Q3 24 | $46.0M | $-1.2B | ||
| Q2 24 | $71.1M | $-217.0M | ||
| Q1 24 | $60.7M | $359.0M |
自由现金流EXPIKEY
| Q4 25 | $11.9M | $2.1B | ||
| Q3 25 | $26.6M | $367.0M | ||
| Q2 25 | $33.3M | $1.2B | ||
| Q1 25 | $37.3M | $-150.0M | ||
| Q4 24 | $11.6M | $599.0M | ||
| Q3 24 | $44.4M | $-1.2B | ||
| Q2 24 | $69.7M | $-230.0M | ||
| Q1 24 | $59.3M | $347.0M |
自由现金流率EXPIKEY
| Q4 25 | 1.0% | 104.8% | ||
| Q3 25 | 2.0% | 19.4% | ||
| Q2 25 | 2.5% | 65.8% | ||
| Q1 25 | 3.9% | -8.5% | ||
| Q4 24 | 1.1% | 69.2% | ||
| Q3 24 | 3.6% | -175.8% | ||
| Q2 24 | 5.4% | -15.1% | ||
| Q1 24 | 6.3% | 22.6% |
资本支出强度EXPIKEY
| Q4 25 | 0.2% | 5.3% | ||
| Q3 25 | 0.2% | 1.5% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.2% | 7.5% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.1% | 0.8% |
现金转化率EXPIKEY
| Q4 25 | — | 4.33× | ||
| Q3 25 | 8.26× | 0.81× | ||
| Q2 25 | — | 2.90× | ||
| Q1 25 | — | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | -0.79× | ||
| Q1 24 | — | 1.64× |
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% |
KEY
暂无分部数据
