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eXp World Holdings, Inc.（EXPI）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是朗美通的1.8倍（$1.2B vs $665.5M），朗美通净利率更高（11.8% vs -1.1%，领先12.8%），朗美通同比增速更快（65.5% vs 8.5%），朗美通自由现金流更多（$43.1M vs $11.9M），过去两年朗美通的营收复合增速更高（34.8% 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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
EXPI vs LITE — 直观对比
营收规模更大
EXPI
是对方的1.8倍
$665.5M
营收增速更快
LITE
高出56.9%
8.5%
净利率更高
LITE
高出12.8%
-1.1%
自由现金流更多
LITE
多$31.2M
$11.9M
两年增速更快
LITE
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $665.5M |
| 净利润 | $-12.9M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | -1.1% | 9.7% |
| 净利率 | -1.1% | 11.8% |
| 营收同比 | 8.5% | 65.5% |
| 净利润同比 | -35.7% | 228.4% |
| 每股收益（稀释后） | $-0.08 | $0.89 |
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EXPILITE
| Q4 25 | $1.2B | $665.5M | ||
| Q3 25 | $1.3B | $533.8M | ||
| Q2 25 | $1.3B | $480.7M | ||
| Q1 25 | $954.9M | $425.2M | ||
| Q4 24 | $1.1B | $402.2M | ||
| Q3 24 | $1.2B | $336.9M | ||
| Q2 24 | $1.3B | $308.3M | ||
| Q1 24 | $943.1M | $366.5M |
净利润EXPILITE
| Q4 25 | $-12.9M | $78.2M | ||
| Q3 25 | $3.5M | $4.2M | ||
| Q2 25 | $-2.3M | $213.3M | ||
| Q1 25 | $-11.0M | $-44.1M | ||
| Q4 24 | $-9.5M | $-60.9M | ||
| Q3 24 | $-8.5M | $-82.4M | ||
| Q2 24 | $12.4M | $-252.5M | ||
| Q1 24 | $-15.6M | $-127.0M |
毛利率EXPILITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | 99.9% | 23.1% | ||
| Q2 24 | 99.9% | 16.6% | ||
| Q1 24 | — | 16.2% |
营业利润率EXPILITE
| Q4 25 | -1.1% | 9.7% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | -0.2% | -1.7% | ||
| Q1 25 | -1.1% | -8.9% | ||
| Q4 24 | -1.0% | -12.8% | ||
| Q3 24 | -0.7% | -24.5% | ||
| Q2 24 | 1.4% | -43.3% | ||
| Q1 24 | -1.9% | -31.3% |
净利率EXPILITE
| Q4 25 | -1.1% | 11.8% | ||
| Q3 25 | 0.3% | 0.8% | ||
| Q2 25 | -0.2% | 44.4% | ||
| Q1 25 | -1.2% | -10.4% | ||
| Q4 24 | -0.9% | -15.1% | ||
| Q3 24 | -0.7% | -24.5% | ||
| Q2 24 | 1.0% | -81.9% | ||
| Q1 24 | -1.7% | -34.7% |
每股收益（稀释后）EXPILITE
| Q4 25 | $-0.08 | $0.89 | ||
| Q3 25 | $0.02 | $0.05 | ||
| Q2 25 | $-0.01 | $3.10 | ||
| Q1 25 | $-0.07 | $-0.64 | ||
| Q4 24 | $-0.06 | $-0.88 | ||
| Q3 24 | $-0.06 | $-1.21 | ||
| Q2 24 | $0.08 | $-3.75 | ||
| Q1 24 | $-0.10 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $846.6M |
| 总资产 | $442.5M | $4.8B |
| 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EXPILITE
| Q4 25 | $124.2M | $1.2B | ||
| Q3 25 | $112.8M | $1.1B | ||
| Q2 25 | $94.6M | $877.1M | ||
| Q1 25 | $115.7M | $866.7M | ||
| Q4 24 | $113.6M | $896.7M | ||
| Q3 24 | $130.4M | $916.1M | ||
| Q2 24 | $108.4M | $887.0M | ||
| Q1 24 | $109.2M | $870.9M |
股东权益EXPILITE
| Q4 25 | $242.8M | $846.6M | ||
| Q3 25 | $235.3M | $780.8M | ||
| Q2 25 | $218.4M | $1.1B | ||
| Q1 25 | $212.0M | $879.5M | ||
| Q4 24 | $204.9M | $872.3M | ||
| Q3 24 | $211.1M | $895.9M | ||
| Q2 24 | $220.3M | $957.3M | ||
| Q1 24 | $222.4M | $1.2B |
总资产EXPILITE
| Q4 25 | $442.5M | $4.8B | ||
| Q3 25 | $458.7M | $4.6B | ||
| Q2 25 | $481.2M | $4.2B | ||
| Q1 25 | $435.8M | $4.0B | ||
| Q4 24 | $390.7M | $4.0B | ||
| Q3 24 | $432.6M | $4.0B | ||
| Q2 24 | $457.4M | $3.9B | ||
| Q1 24 | $426.7M | $4.2B |
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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $43.1M |
| 自由现金流率自由现金流/营收 | 1.0% | 6.5% |
| 资本支出强度资本支出/营收 | 0.2% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $-29.5M |
8季度趋势，按日历期对齐
经营现金流EXPILITE
| Q4 25 | $13.8M | $126.7M | ||
| Q3 25 | $28.9M | $57.9M | ||
| Q2 25 | $36.1M | $64.0M | ||
| Q1 25 | $39.8M | $-1.6M | ||
| Q4 24 | $13.7M | $24.3M | ||
| Q3 24 | $46.0M | $39.6M | ||
| Q2 24 | $71.1M | $35.5M | ||
| Q1 24 | $60.7M | $-7.0M |
自由现金流EXPILITE
| Q4 25 | $11.9M | $43.1M | ||
| Q3 25 | $26.6M | $-18.3M | ||
| Q2 25 | $33.3M | $10.1M | ||
| Q1 25 | $37.3M | $-64.4M | ||
| Q4 24 | $11.6M | $-15.9M | ||
| Q3 24 | $44.4M | $-34.5M | ||
| Q2 24 | $69.7M | $10.9M | ||
| Q1 24 | $59.3M | $-26.6M |
自由现金流率EXPILITE
| Q4 25 | 1.0% | 6.5% | ||
| Q3 25 | 2.0% | -3.4% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 3.9% | -15.1% | ||
| Q4 24 | 1.1% | -4.0% | ||
| Q3 24 | 3.6% | -10.2% | ||
| Q2 24 | 5.4% | 3.5% | ||
| Q1 24 | 6.3% | -7.3% |
资本支出强度EXPILITE
| Q4 25 | 0.2% | 12.6% | ||
| Q3 25 | 0.2% | 14.3% | ||
| Q2 25 | 0.2% | 11.2% | ||
| Q1 25 | 0.3% | 14.8% | ||
| Q4 24 | 0.2% | 10.0% | ||
| Q3 24 | 0.1% | 22.0% | ||
| Q2 24 | 0.1% | 8.0% | ||
| Q1 24 | 0.1% | 5.3% |
现金转化率EXPILITE
| Q4 25 | — | 1.62× | ||
| Q3 25 | 8.26× | 13.79× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| 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% |
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
