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eXp World Holdings, Inc.（EXPI）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是美泰的1.4倍（$1.2B vs $862.2M），美泰净利率更高（7.1% vs -1.1%，领先8.2%），eXp World Holdings, Inc.同比增速更快（8.5% vs 4.3%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-88.1M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
EXPI vs MAT — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$862.2M
营收增速更快
EXPI
高出4.2%
4.3%
净利率更高
MAT
高出8.2%
-1.1%
自由现金流更多
EXPI
多$100.0M
$-88.1M
两年增速更快
EXPI
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $862.2M |
| 净利润 | $-12.9M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | 7.1% |
| 营收同比 | 8.5% | 4.3% |
| 净利润同比 | -35.7% | 251.4% |
| 每股收益（稀释后） | $-0.08 | $0.20 |
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EXPIMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $954.9M | $826.6M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.3B | $1.1B |
净利润EXPIMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-12.9M | $106.2M | ||
| Q3 25 | $3.5M | $278.4M | ||
| Q2 25 | $-2.3M | $53.4M | ||
| Q1 25 | $-11.0M | $-40.3M | ||
| Q4 24 | $-9.5M | $140.9M | ||
| Q3 24 | $-8.5M | $372.4M | ||
| Q2 24 | $12.4M | $56.9M |
毛利率EXPIMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | 99.9% | 53.1% | ||
| Q2 24 | 99.9% | 49.2% |
营业利润率EXPIMAT
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | 8.0% | ||
| Q3 25 | 0.3% | 21.9% | ||
| Q2 25 | -0.2% | 7.7% | ||
| Q1 25 | -1.1% | -6.4% | ||
| Q4 24 | -1.0% | 9.6% | ||
| Q3 24 | -0.7% | 26.5% | ||
| Q2 24 | 1.4% | 7.7% |
净利率EXPIMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -1.1% | 6.0% | ||
| Q3 25 | 0.3% | 16.0% | ||
| Q2 25 | -0.2% | 5.2% | ||
| Q1 25 | -1.2% | -4.9% | ||
| Q4 24 | -0.9% | 8.6% | ||
| Q3 24 | -0.7% | 20.2% | ||
| Q2 24 | 1.0% | 5.3% |
每股收益（稀释后）EXPIMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.08 | $0.32 | ||
| Q3 25 | $0.02 | $0.88 | ||
| Q2 25 | $-0.01 | $0.16 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.06 | $0.40 | ||
| Q3 24 | $-0.06 | $1.09 | ||
| Q2 24 | $0.08 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $242.8M | $2.1B |
| 总资产 | $442.5M | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资EXPIMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $124.2M | $1.2B | ||
| Q3 25 | $112.8M | $691.9M | ||
| Q2 25 | $94.6M | $870.5M | ||
| Q1 25 | $115.7M | $1.2B | ||
| Q4 24 | $113.6M | $1.4B | ||
| Q3 24 | $130.4M | $723.5M | ||
| Q2 24 | $108.4M | $722.4M |
总债务EXPIMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益EXPIMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $242.8M | $2.2B | ||
| Q3 25 | $235.3M | $2.3B | ||
| Q2 25 | $218.4M | $2.2B | ||
| Q1 25 | $212.0M | $2.1B | ||
| Q4 24 | $204.9M | $2.3B | ||
| Q3 24 | $211.1M | $2.3B | ||
| Q2 24 | $220.3M | $2.0B |
总资产EXPIMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $442.5M | $6.6B | ||
| Q3 25 | $458.7M | $6.6B | ||
| Q2 25 | $481.2M | $6.2B | ||
| Q1 25 | $435.8M | $6.2B | ||
| Q4 24 | $390.7M | $6.5B | ||
| Q3 24 | $432.6M | $6.5B | ||
| Q2 24 | $457.4M | $5.9B |
负债/权益比EXPIMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | $-88.1M |
| 自由现金流率自由现金流/营收 | 1.0% | -10.2% |
| 资本支出强度资本支出/营收 | 0.2% | 7.6% |
| 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EXPIMAT
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $796.6M | ||
| Q3 25 | $28.9M | $72.0M | ||
| Q2 25 | $36.1M | $-300.1M | ||
| Q1 25 | $39.8M | $24.8M | ||
| Q4 24 | $13.7M | $862.1M | ||
| Q3 24 | $46.0M | $155.8M | ||
| Q2 24 | $71.1M | $-252.9M |
自由现金流EXPIMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $11.9M | — | ||
| Q3 25 | $26.6M | — | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $37.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | — | ||
| Q2 24 | $69.7M | — |
自由现金流率EXPIMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — |
资本支出强度EXPIMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — |
现金转化率EXPIMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 8.26× | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | 5.75× | -4.45× |
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% |
MAT
暂无分部数据
