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eXp World Holdings, Inc.（EXPI）与LANDSTAR SYSTEM INC（LSTR）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LANDSTAR SYSTEM INC的1.0倍（$1.2B vs $1.2B），LANDSTAR SYSTEM INC净利率更高（3.4% vs -1.1%，领先4.4%），eXp World Holdings, Inc.同比增速更快（8.5% vs 1.6%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -2.2%）
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。
Landstar System Inc.是美国专业运输服务企业，主营第三方物流业务，依托由超8800名独立自营车主、1000余名独立货运代理人、7万余家合规认证承运商组成的庞大网络，服务主要覆盖美国全境，同时提供加拿大境内及美加、美墨跨境物流服务。
EXPI vs LSTR — 直观对比
营收规模更大
EXPI
是对方的1.0倍
$1.2B
营收增速更快
EXPI
高出6.9%
1.6%
净利率更高
LSTR
高出4.4%
-1.1%
两年增速更快
EXPI
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-12.9M | $39.4M |
| 毛利率 | — | 9.6% |
| 营业利润率 | -1.1% | 4.5% |
| 净利率 | -1.1% | 3.4% |
| 营收同比 | 8.5% | 1.6% |
| 净利润同比 | -35.7% | 32.3% |
| 每股收益（稀释后） | $-0.08 | $1.16 |
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EXPILSTR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.2B | $1.2B | ||
| 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 | $1.2B |
净利润EXPILSTR
| Q1 26 | — | $39.4M | ||
| Q4 25 | $-12.9M | $23.9M | ||
| Q3 25 | $3.5M | $19.4M | ||
| Q2 25 | $-2.3M | $41.9M | ||
| Q1 25 | $-11.0M | $29.8M | ||
| Q4 24 | $-9.5M | $46.2M | ||
| Q3 24 | $-8.5M | $50.0M | ||
| Q2 24 | $12.4M | $52.6M |
毛利率EXPILSTR
| Q1 26 | — | 9.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — |
营业利润率EXPILSTR
| Q1 26 | — | 4.5% | ||
| Q4 25 | -1.1% | 2.5% | ||
| Q3 25 | 0.3% | 2.2% | ||
| Q2 25 | -0.2% | 4.6% | ||
| Q1 25 | -1.1% | 3.4% | ||
| Q4 24 | -1.0% | 4.8% | ||
| Q3 24 | -0.7% | 5.2% | ||
| Q2 24 | 1.4% | 5.6% |
净利率EXPILSTR
| Q1 26 | — | 3.4% | ||
| Q4 25 | -1.1% | 2.0% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | -0.2% | 3.5% | ||
| Q1 25 | -1.2% | 2.6% | ||
| Q4 24 | -0.9% | 3.8% | ||
| Q3 24 | -0.7% | 4.1% | ||
| Q2 24 | 1.0% | 4.3% |
每股收益（稀释后）EXPILSTR
| Q1 26 | — | $1.16 | ||
| Q4 25 | $-0.08 | $0.70 | ||
| Q3 25 | $0.02 | $0.56 | ||
| Q2 25 | $-0.01 | $1.20 | ||
| Q1 25 | $-0.07 | $0.85 | ||
| Q4 24 | $-0.06 | $1.30 | ||
| Q3 24 | $-0.06 | $1.41 | ||
| Q2 24 | $0.08 | $1.48 |
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 | $411.0M |
| 总债务越低越好 | — | $26.1M |
| 股东权益账面价值 | $242.8M | $799.0M |
| 总资产 | $442.5M | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资EXPILSTR
| Q1 26 | — | $411.0M | ||
| Q4 25 | $124.2M | $452.2M | ||
| Q3 25 | $112.8M | $434.4M | ||
| Q2 25 | $94.6M | $426.2M | ||
| Q1 25 | $115.7M | $473.4M | ||
| Q4 24 | $113.6M | $566.6M | ||
| Q3 24 | $130.4M | $531.3M | ||
| Q2 24 | $108.4M | $504.0M |
总债务EXPILSTR
| Q1 26 | — | $26.1M | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益EXPILSTR
| Q1 26 | — | $799.0M | ||
| Q4 25 | $242.8M | $795.7M | ||
| Q3 25 | $235.3M | $888.7M | ||
| Q2 25 | $218.4M | $921.8M | ||
| Q1 25 | $212.0M | $930.8M | ||
| Q4 24 | $204.9M | $972.4M | ||
| Q3 24 | $211.1M | $1.0B | ||
| Q2 24 | $220.3M | $1.0B |
总资产EXPILSTR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $442.5M | $1.6B | ||
| Q3 25 | $458.7M | $1.7B | ||
| Q2 25 | $481.2M | $1.7B | ||
| Q1 25 | $435.8M | $1.7B | ||
| Q4 24 | $390.7M | $1.8B | ||
| Q3 24 | $432.6M | $1.8B | ||
| Q2 24 | $457.4M | $1.8B |
负债/权益比EXPILSTR
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $11.9M | — |
| 自由现金流率自由现金流/营收 | 1.0% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流EXPILSTR
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $72.7M | ||
| Q3 25 | $28.9M | $89.3M | ||
| Q2 25 | $36.1M | $7.1M | ||
| Q1 25 | $39.8M | $55.7M | ||
| Q4 24 | $13.7M | $61.1M | ||
| Q3 24 | $46.0M | $83.1M | ||
| Q2 24 | $71.1M | $48.1M |
自由现金流EXPILSTR
| Q1 26 | — | — | ||
| Q4 25 | $11.9M | $70.5M | ||
| Q3 25 | $26.6M | $86.0M | ||
| Q2 25 | $33.3M | $4.7M | ||
| Q1 25 | $37.3M | $53.8M | ||
| Q4 24 | $11.6M | $54.4M | ||
| Q3 24 | $44.4M | $75.6M | ||
| Q2 24 | $69.7M | $40.6M |
自由现金流率EXPILSTR
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 6.0% | ||
| Q3 25 | 2.0% | 7.1% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 3.9% | 4.7% | ||
| Q4 24 | 1.1% | 4.5% | ||
| Q3 24 | 3.6% | 6.2% | ||
| Q2 24 | 5.4% | 3.3% |
资本支出强度EXPILSTR
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.2% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.2% | 0.6% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.1% | 0.6% |
现金转化率EXPILSTR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.04× | ||
| Q3 25 | 8.26× | 4.61× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | 5.75× | 0.91× |
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% |
LSTR
暂无分部数据
