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eXp World Holdings, Inc.（EXPI）与KEMPER Corp（KMPR）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KEMPER Corp的1.1倍（$1.2B vs $1.1B），KEMPER Corp净利率更高（-0.7% vs -1.1%，领先0.4%），eXp World Holdings, Inc.同比增速更快（8.5% vs -4.7%），KEMPER Corp自由现金流更多（$166.2M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -0.5%）
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。
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
EXPI vs KMPR — 直观对比
营收规模更大
EXPI
是对方的1.1倍
$1.1B
营收增速更快
EXPI
高出13.2%
-4.7%
净利率更高
KMPR
高出0.4%
-1.1%
自由现金流更多
KMPR
多$154.3M
$11.9M
两年增速更快
EXPI
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $-12.9M | $-8.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | -0.7% |
| 营收同比 | 8.5% | -4.7% |
| 净利润同比 | -35.7% | -108.2% |
| 每股收益（稀释后） | $-0.08 | $-0.03 |
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EXPIKMPR
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $954.9M | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $943.1M | $1.1B |
净利润EXPIKMPR
| Q4 25 | $-12.9M | $-8.0M | ||
| Q3 25 | $3.5M | $-21.0M | ||
| Q2 25 | $-2.3M | $72.6M | ||
| Q1 25 | $-11.0M | $99.7M | ||
| Q4 24 | $-9.5M | $97.4M | ||
| Q3 24 | $-8.5M | $73.7M | ||
| Q2 24 | $12.4M | $75.4M | ||
| Q1 24 | $-15.6M | $71.3M |
毛利率EXPIKMPR
| 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EXPIKMPR
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -0.7% | 11.2% | ||
| Q2 24 | 1.4% | 10.1% | ||
| Q1 24 | -1.9% | 7.6% |
净利率EXPIKMPR
| Q4 25 | -1.1% | -0.7% | ||
| Q3 25 | 0.3% | -1.7% | ||
| Q2 25 | -0.2% | 5.9% | ||
| Q1 25 | -1.2% | 8.4% | ||
| Q4 24 | -0.9% | 8.2% | ||
| Q3 24 | -0.7% | 6.3% | ||
| Q2 24 | 1.0% | 6.7% | ||
| Q1 24 | -1.7% | 6.2% |
每股收益（稀释后）EXPIKMPR
| Q4 25 | $-0.08 | $-0.03 | ||
| Q3 25 | $0.02 | $-0.34 | ||
| Q2 25 | $-0.01 | $1.12 | ||
| Q1 25 | $-0.07 | $1.54 | ||
| Q4 24 | $-0.06 | $1.51 | ||
| Q3 24 | $-0.06 | $1.14 | ||
| Q2 24 | $0.08 | $1.16 | ||
| Q1 24 | $-0.10 | $1.10 |
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 | — |
| 总债务越低越好 | — | $943.5M |
| 股东权益账面价值 | $242.8M | $2.7B |
| 总资产 | $442.5M | $12.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资EXPIKMPR
| Q4 25 | $124.2M | — | ||
| Q3 25 | $112.8M | $371.2M | ||
| Q2 25 | $94.6M | $407.6M | ||
| Q1 25 | $115.7M | $545.3M | ||
| Q4 24 | $113.6M | $1.0B | ||
| Q3 24 | $130.4M | $696.9M | ||
| Q2 24 | $108.4M | $539.1M | ||
| Q1 24 | $109.2M | $520.7M |
总债务EXPIKMPR
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | — | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益EXPIKMPR
| Q4 25 | $242.8M | $2.7B | ||
| Q3 25 | $235.3M | $2.7B | ||
| Q2 25 | $218.4M | $370.0M | ||
| Q1 25 | $212.0M | $366.0M | ||
| Q4 24 | $204.9M | $2.8B | ||
| Q3 24 | $211.1M | $2.8B | ||
| Q2 24 | $220.3M | $358.0M | ||
| Q1 24 | $222.4M | $2.6B |
总资产EXPIKMPR
| Q4 25 | $442.5M | $12.5B | ||
| Q3 25 | $458.7M | $12.4B | ||
| Q2 25 | $481.2M | $12.6B | ||
| Q1 25 | $435.8M | $12.5B | ||
| Q4 24 | $390.7M | $12.6B | ||
| Q3 24 | $432.6M | $12.6B | ||
| Q2 24 | $457.4M | $12.6B | ||
| Q1 24 | $426.7M | $12.6B |
负债/权益比EXPIKMPR
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× | ||
| Q1 24 | — | 0.54× |
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 | $175.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $166.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 14.7% |
| 资本支出强度资本支出/营收 | 0.2% | 0.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | $553.9M |
8季度趋势，按日历期对齐
经营现金流EXPIKMPR
| Q4 25 | $13.8M | $175.0M | ||
| Q3 25 | $28.9M | $139.9M | ||
| Q2 25 | $36.1M | $89.6M | ||
| Q1 25 | $39.8M | $180.0M | ||
| Q4 24 | $13.7M | $175.1M | ||
| Q3 24 | $46.0M | $141.9M | ||
| Q2 24 | $71.1M | $22.9M | ||
| Q1 24 | $60.7M | $43.0M |
自由现金流EXPIKMPR
| Q4 25 | $11.9M | $166.2M | ||
| Q3 25 | $26.6M | $133.4M | ||
| Q2 25 | $33.3M | $82.0M | ||
| Q1 25 | $37.3M | $172.3M | ||
| Q4 24 | $11.6M | $165.4M | ||
| Q3 24 | $44.4M | $131.4M | ||
| Q2 24 | $69.7M | $5.2M | ||
| Q1 24 | $59.3M | $27.7M |
自由现金流率EXPIKMPR
| Q4 25 | 1.0% | 14.7% | ||
| Q3 25 | 2.0% | 10.8% | ||
| Q2 25 | 2.5% | 6.7% | ||
| Q1 25 | 3.9% | 14.4% | ||
| Q4 24 | 1.1% | 13.9% | ||
| Q3 24 | 3.6% | 11.1% | ||
| Q2 24 | 5.4% | 0.5% | ||
| Q1 24 | 6.3% | 2.4% |
资本支出强度EXPIKMPR
| Q4 25 | 0.2% | 0.8% | ||
| Q3 25 | 0.2% | 0.5% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.2% | 0.8% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.1% | 1.6% | ||
| Q1 24 | 0.1% | 1.3% |
现金转化率EXPIKMPR
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 1.93× | ||
| Q2 24 | 5.75× | 0.30× | ||
| Q1 24 | — | 0.60× |
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% |
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
