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eXp World Holdings, Inc.（EXPI）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是美森的1.4倍（$1.2B vs $851.9M），美森净利率更高（16.8% vs -1.1%，领先17.9%），eXp World Holdings, Inc.同比增速更快（8.5% vs -4.3%），美森自由现金流更多（$42.2M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
EXPI vs MATX — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$851.9M
营收增速更快
EXPI
高出12.8%
-4.3%
净利率更高
MATX
高出17.9%
-1.1%
自由现金流更多
MATX
多$30.3M
$11.9M
两年增速更快
EXPI
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $851.9M |
| 净利润 | $-12.9M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 16.9% |
| 净利率 | -1.1% | 16.8% |
| 营收同比 | 8.5% | -4.3% |
| 净利润同比 | -35.7% | 11.8% |
| 每股收益（稀释后） | $-0.08 | $4.47 |
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EXPIMATX
| Q4 25 | $1.2B | $851.9M | ||
| Q3 25 | $1.3B | $880.1M | ||
| Q2 25 | $1.3B | $830.5M | ||
| Q1 25 | $954.9M | $782.0M | ||
| Q4 24 | $1.1B | $890.3M | ||
| Q3 24 | $1.2B | $962.0M | ||
| Q2 24 | $1.3B | $847.4M | ||
| Q1 24 | $943.1M | $722.1M |
净利润EXPIMATX
| Q4 25 | $-12.9M | $143.1M | ||
| Q3 25 | $3.5M | $134.7M | ||
| Q2 25 | $-2.3M | $94.7M | ||
| Q1 25 | $-11.0M | $72.3M | ||
| Q4 24 | $-9.5M | $128.0M | ||
| Q3 24 | $-8.5M | $199.1M | ||
| Q2 24 | $12.4M | $113.2M | ||
| Q1 24 | $-15.6M | $36.1M |
毛利率EXPIMATX
| 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EXPIMATX
| Q4 25 | -1.1% | 16.9% | ||
| Q3 25 | 0.3% | 18.3% | ||
| Q2 25 | -0.2% | 13.6% | ||
| Q1 25 | -1.1% | 10.5% | ||
| Q4 24 | -1.0% | 16.6% | ||
| Q3 24 | -0.7% | 25.2% | ||
| Q2 24 | 1.4% | 14.7% | ||
| Q1 24 | -1.9% | 5.1% |
净利率EXPIMATX
| Q4 25 | -1.1% | 16.8% | ||
| Q3 25 | 0.3% | 15.3% | ||
| Q2 25 | -0.2% | 11.4% | ||
| Q1 25 | -1.2% | 9.2% | ||
| Q4 24 | -0.9% | 14.4% | ||
| Q3 24 | -0.7% | 20.7% | ||
| Q2 24 | 1.0% | 13.4% | ||
| Q1 24 | -1.7% | 5.0% |
每股收益（稀释后）EXPIMATX
| Q4 25 | $-0.08 | $4.47 | ||
| Q3 25 | $0.02 | $4.24 | ||
| Q2 25 | $-0.01 | $2.92 | ||
| Q1 25 | $-0.07 | $2.18 | ||
| Q4 24 | $-0.06 | $3.69 | ||
| Q3 24 | $-0.06 | $5.89 | ||
| Q2 24 | $0.08 | $3.31 | ||
| Q1 24 | $-0.10 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $242.8M | $2.8B |
| 总资产 | $442.5M | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资EXPIMATX
| Q4 25 | $124.2M | $141.9M | ||
| Q3 25 | $112.8M | $92.7M | ||
| Q2 25 | $94.6M | $59.1M | ||
| Q1 25 | $115.7M | $122.0M | ||
| Q4 24 | $113.6M | $266.8M | ||
| Q3 24 | $130.4M | $270.3M | ||
| Q2 24 | $108.4M | $168.2M | ||
| Q1 24 | $109.2M | $25.9M |
总债务EXPIMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益EXPIMATX
| Q4 25 | $242.8M | $2.8B | ||
| Q3 25 | $235.3M | $2.7B | ||
| Q2 25 | $218.4M | $2.6B | ||
| Q1 25 | $212.0M | $2.6B | ||
| Q4 24 | $204.9M | $2.7B | ||
| Q3 24 | $211.1M | $2.6B | ||
| Q2 24 | $220.3M | $2.4B | ||
| Q1 24 | $222.4M | $2.4B |
总资产EXPIMATX
| Q4 25 | $442.5M | $4.6B | ||
| Q3 25 | $458.7M | $4.6B | ||
| Q2 25 | $481.2M | $4.5B | ||
| Q1 25 | $435.8M | $4.5B | ||
| Q4 24 | $390.7M | $4.6B | ||
| Q3 24 | $432.6M | $4.4B | ||
| Q2 24 | $457.4M | $4.3B | ||
| Q1 24 | $426.7M | $4.2B |
负债/权益比EXPIMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 5.0% |
| 资本支出强度资本支出/营收 | 0.2% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $153.7M |
8季度趋势，按日历期对齐
经营现金流EXPIMATX
| Q4 25 | $13.8M | $176.9M | ||
| Q3 25 | $28.9M | $175.6M | ||
| Q2 25 | $36.1M | $105.6M | ||
| Q1 25 | $39.8M | $89.0M | ||
| Q4 24 | $13.7M | $174.7M | ||
| Q3 24 | $46.0M | $248.6M | ||
| Q2 24 | $71.1M | $307.9M | ||
| Q1 24 | $60.7M | $36.6M |
自由现金流EXPIMATX
| Q4 25 | $11.9M | $42.2M | ||
| Q3 25 | $26.6M | $92.4M | ||
| Q2 25 | $33.3M | $19.3M | ||
| Q1 25 | $37.3M | $-200.0K | ||
| Q4 24 | $11.6M | $49.3M | ||
| Q3 24 | $44.4M | $189.0M | ||
| Q2 24 | $69.7M | $238.1M | ||
| Q1 24 | $59.3M | $-18.7M |
自由现金流率EXPIMATX
| Q4 25 | 1.0% | 5.0% | ||
| Q3 25 | 2.0% | 10.5% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | 3.9% | -0.0% | ||
| Q4 24 | 1.1% | 5.5% | ||
| Q3 24 | 3.6% | 19.6% | ||
| Q2 24 | 5.4% | 28.1% | ||
| Q1 24 | 6.3% | -2.6% |
资本支出强度EXPIMATX
| Q4 25 | 0.2% | 15.8% | ||
| Q3 25 | 0.2% | 9.5% | ||
| Q2 25 | 0.2% | 10.4% | ||
| Q1 25 | 0.3% | 11.4% | ||
| Q4 24 | 0.2% | 14.1% | ||
| Q3 24 | 0.1% | 6.2% | ||
| Q2 24 | 0.1% | 8.2% | ||
| Q1 24 | 0.1% | 7.7% |
现金转化率EXPIMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | 8.26× | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | 5.75× | 2.72× | ||
| Q1 24 | — | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
