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eXp World Holdings, Inc.（EXPI）与李维斯（LEVI）财务数据对比。点击上方公司名可切换其他公司
李维斯的季度营收约是eXp World Holdings, Inc.的1.5倍（$1.8B vs $1.2B），李维斯净利率更高（8.9% vs -1.1%，领先10.0%），eXp World Holdings, Inc.同比增速更快（8.5% vs -4.0%），李维斯自由现金流更多（$215.7M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 6.5%）
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。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
EXPI vs LEVI — 直观对比
营收规模更大
LEVI
是对方的1.5倍
$1.2B
营收增速更快
EXPI
高出12.5%
-4.0%
净利率更高
LEVI
高出10.0%
-1.1%
自由现金流更多
LEVI
多$203.8M
$11.9M
两年增速更快
EXPI
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.8B |
| 净利润 | $-12.9M | $158.0M |
| 毛利率 | — | 60.8% |
| 营业利润率 | -1.1% | 11.9% |
| 净利率 | -1.1% | 8.9% |
| 营收同比 | 8.5% | -4.0% |
| 净利润同比 | -35.7% | -13.4% |
| 每股收益（稀释后） | $-0.08 | $0.39 |
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EXPILEVI
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $954.9M | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $943.1M | $1.6B |
净利润EXPILEVI
| Q4 25 | $-12.9M | $158.0M | ||
| Q3 25 | $3.5M | $218.1M | ||
| Q2 25 | $-2.3M | $67.0M | ||
| Q1 25 | $-11.0M | $135.0M | ||
| Q4 24 | $-9.5M | $182.5M | ||
| Q3 24 | $-8.5M | $20.7M | ||
| Q2 24 | $12.4M | $18.0M | ||
| Q1 24 | $-15.6M | $-10.6M |
毛利率EXPILEVI
| Q4 25 | — | 60.8% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 62.6% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | 99.9% | 60.0% | ||
| Q2 24 | 99.9% | 60.5% | ||
| Q1 24 | — | 58.2% |
营业利润率EXPILEVI
| Q4 25 | -1.1% | 11.9% | ||
| Q3 25 | 0.3% | 10.8% | ||
| Q2 25 | -0.2% | 7.5% | ||
| Q1 25 | -1.1% | 12.5% | ||
| Q4 24 | -1.0% | 11.5% | ||
| Q3 24 | -0.7% | 2.0% | ||
| Q2 24 | 1.4% | 1.5% | ||
| Q1 24 | -1.9% | -0.0% |
净利率EXPILEVI
| Q4 25 | -1.1% | 8.9% | ||
| Q3 25 | 0.3% | 14.1% | ||
| Q2 25 | -0.2% | 4.6% | ||
| Q1 25 | -1.2% | 8.8% | ||
| Q4 24 | -0.9% | 9.9% | ||
| Q3 24 | -0.7% | 1.4% | ||
| Q2 24 | 1.0% | 1.2% | ||
| Q1 24 | -1.7% | -0.7% |
每股收益（稀释后）EXPILEVI
| Q4 25 | $-0.08 | $0.39 | ||
| Q3 25 | $0.02 | $0.55 | ||
| Q2 25 | $-0.01 | $0.17 | ||
| Q1 25 | $-0.07 | $0.34 | ||
| Q4 24 | $-0.06 | $0.46 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $0.08 | $0.04 | ||
| Q1 24 | $-0.10 | $-0.03 |
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 | $848.8M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $242.8M | $2.3B |
| 总资产 | $442.5M | $6.8B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资EXPILEVI
| Q4 25 | $124.2M | $848.8M | ||
| Q3 25 | $112.8M | $707.5M | ||
| Q2 25 | $94.6M | $736.7M | ||
| Q1 25 | $115.7M | $574.4M | ||
| Q4 24 | $113.6M | $690.0M | ||
| Q3 24 | $130.4M | $577.1M | ||
| Q2 24 | $108.4M | $641.4M | ||
| Q1 24 | $109.2M | $516.7M |
总债务EXPILEVI
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $987.4M | ||
| Q4 24 | — | $994.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益EXPILEVI
| Q4 25 | $242.8M | $2.3B | ||
| Q3 25 | $235.3M | $2.2B | ||
| Q2 25 | $218.4M | $2.1B | ||
| Q1 25 | $212.0M | $2.0B | ||
| Q4 24 | $204.9M | $2.0B | ||
| Q3 24 | $211.1M | $1.9B | ||
| Q2 24 | $220.3M | $2.0B | ||
| Q1 24 | $222.4M | $2.0B |
总资产EXPILEVI
| Q4 25 | $442.5M | $6.8B | ||
| Q3 25 | $458.7M | $6.7B | ||
| Q2 25 | $481.2M | $6.5B | ||
| Q1 25 | $435.8M | $6.2B | ||
| Q4 24 | $390.7M | $6.4B | ||
| Q3 24 | $432.6M | $6.3B | ||
| Q2 24 | $457.4M | $6.2B | ||
| Q1 24 | $426.7M | $6.0B |
负债/权益比EXPILEVI
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.51× |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $215.7M |
| 自由现金流率自由现金流/营收 | 1.0% | 12.2% |
| 资本支出强度资本支出/营收 | 0.2% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.69× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $308.2M |
8季度趋势，按日历期对齐
经营现金流EXPILEVI
| Q4 25 | $13.8M | $266.8M | ||
| Q3 25 | $28.9M | $24.8M | ||
| Q2 25 | $36.1M | $185.5M | ||
| Q1 25 | $39.8M | $52.5M | ||
| Q4 24 | $13.7M | $297.3M | ||
| Q3 24 | $46.0M | $52.3M | ||
| Q2 24 | $71.1M | $262.8M | ||
| Q1 24 | $60.7M | $286.0M |
自由现金流EXPILEVI
| Q4 25 | $11.9M | $215.7M | ||
| Q3 25 | $26.6M | $-39.4M | ||
| Q2 25 | $33.3M | $146.0M | ||
| Q1 25 | $37.3M | $-14.1M | ||
| Q4 24 | $11.6M | $231.6M | ||
| Q3 24 | $44.4M | $2.3M | ||
| Q2 24 | $69.7M | $222.6M | ||
| Q1 24 | $59.3M | $214.4M |
自由现金流率EXPILEVI
| Q4 25 | 1.0% | 12.2% | ||
| Q3 25 | 2.0% | -2.6% | ||
| Q2 25 | 2.5% | 10.1% | ||
| Q1 25 | 3.9% | -0.9% | ||
| Q4 24 | 1.1% | 12.6% | ||
| Q3 24 | 3.6% | 0.2% | ||
| Q2 24 | 5.4% | 15.4% | ||
| Q1 24 | 6.3% | 13.8% |
资本支出强度EXPILEVI
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.2% | 4.2% | ||
| Q2 25 | 0.2% | 2.7% | ||
| Q1 25 | 0.3% | 4.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.1% | 3.3% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 0.1% | 4.6% |
现金转化率EXPILEVI
| Q4 25 | — | 1.69× | ||
| Q3 25 | 8.26× | 0.11× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 5.75× | 14.60× | ||
| 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% |
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
