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eXp World Holdings, Inc.（EXPI）与玛斯特锁（MBC）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是玛斯特锁的1.9倍（$1.2B vs $618.0M），eXp World Holdings, Inc.同比增速更快（8.5% vs -6.4%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-146.2M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -4.4%）
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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
EXPI vs MBC — 直观对比
营收规模更大
EXPI
是对方的1.9倍
$618.0M
营收增速更快
EXPI
高出14.9%
-6.4%
自由现金流更多
EXPI
多$158.1M
$-146.2M
两年增速更快
EXPI
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $618.0M |
| 净利润 | $-12.9M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | — |
| 营收同比 | 8.5% | -6.4% |
| 净利润同比 | -35.7% | — |
| 每股收益（稀释后） | $-0.08 | $-0.12 |
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EXPIMBC
| Q1 26 | — | $618.0M | ||
| Q4 25 | $1.2B | $644.6M | ||
| Q3 25 | $1.3B | $698.9M | ||
| Q2 25 | $1.3B | $730.9M | ||
| Q1 25 | $954.9M | $660.3M | ||
| Q4 24 | $1.1B | $667.7M | ||
| Q3 24 | $1.2B | $718.1M | ||
| Q2 24 | $1.3B | $676.5M |
净利润EXPIMBC
| Q1 26 | — | — | ||
| Q4 25 | $-12.9M | $-42.0M | ||
| Q3 25 | $3.5M | $18.1M | ||
| Q2 25 | $-2.3M | $37.3M | ||
| Q1 25 | $-11.0M | $13.3M | ||
| Q4 24 | $-9.5M | $14.0M | ||
| Q3 24 | $-8.5M | $29.1M | ||
| Q2 24 | $12.4M | $45.3M |
毛利率EXPIMBC
| Q1 26 | — | 25.3% | ||
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 31.2% | ||
| Q2 25 | — | 32.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | 99.9% | 33.1% | ||
| Q2 24 | 99.9% | 34.1% |
营业利润率EXPIMBC
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | -4.2% | ||
| Q3 25 | 0.3% | 6.0% | ||
| Q2 25 | -0.2% | 9.2% | ||
| Q1 25 | -1.1% | 5.6% | ||
| Q4 24 | -1.0% | 5.6% | ||
| Q3 24 | -0.7% | 8.0% | ||
| Q2 24 | 1.4% | 11.5% |
净利率EXPIMBC
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | -6.5% | ||
| Q3 25 | 0.3% | 2.6% | ||
| Q2 25 | -0.2% | 5.1% | ||
| Q1 25 | -1.2% | 2.0% | ||
| Q4 24 | -0.9% | 2.1% | ||
| Q3 24 | -0.7% | 4.1% | ||
| Q2 24 | 1.0% | 6.7% |
每股收益（稀释后）EXPIMBC
| Q1 26 | — | $-0.12 | ||
| Q4 25 | $-0.08 | $-0.32 | ||
| Q3 25 | $0.02 | $0.14 | ||
| Q2 25 | $-0.01 | $0.29 | ||
| Q1 25 | $-0.07 | $0.10 | ||
| Q4 24 | $-0.06 | $0.10 | ||
| Q3 24 | $-0.06 | $0.22 | ||
| Q2 24 | $0.08 | $0.35 |
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 | $138.4M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $242.8M | $1.3B |
| 总资产 | $442.5M | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资EXPIMBC
| Q1 26 | — | $138.4M | ||
| Q4 25 | $124.2M | $183.3M | ||
| Q3 25 | $112.8M | $114.8M | ||
| Q2 25 | $94.6M | $120.1M | ||
| Q1 25 | $115.7M | $113.5M | ||
| Q4 24 | $113.6M | $120.6M | ||
| Q3 24 | $130.4M | $108.4M | ||
| Q2 24 | $108.4M | $189.4M |
总债务EXPIMBC
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | — |
股东权益EXPIMBC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $242.8M | $1.3B | ||
| Q3 25 | $235.3M | $1.4B | ||
| Q2 25 | $218.4M | $1.4B | ||
| Q1 25 | $212.0M | $1.3B | ||
| Q4 24 | $204.9M | $1.3B | ||
| Q3 24 | $211.1M | $1.3B | ||
| Q2 24 | $220.3M | $1.3B |
总资产EXPIMBC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $442.5M | $3.1B | ||
| Q3 25 | $458.7M | $3.0B | ||
| Q2 25 | $481.2M | $3.0B | ||
| Q1 25 | $435.8M | $3.0B | ||
| Q4 24 | $390.7M | $2.9B | ||
| Q3 24 | $432.6M | $3.0B | ||
| Q2 24 | $457.4M | $2.4B |
负债/权益比EXPIMBC
| Q1 26 | — | 0.82× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | — |
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 | $-133.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-146.2M |
| 自由现金流率自由现金流/营收 | 1.0% | -23.7% |
| 资本支出强度资本支出/营收 | 0.2% | 2.1% |
| 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 | $12.5M |
8季度趋势，按日历期对齐
经营现金流EXPIMBC
| Q1 26 | — | $-133.0M | ||
| Q4 25 | $13.8M | $86.9M | ||
| Q3 25 | $28.9M | $55.4M | ||
| Q2 25 | $36.1M | $84.8M | ||
| Q1 25 | $39.8M | $-31.4M | ||
| Q4 24 | $13.7M | $115.1M | ||
| Q3 24 | $46.0M | $80.8M | ||
| Q2 24 | $71.1M | $77.4M |
自由现金流EXPIMBC
| Q1 26 | — | $-146.2M | ||
| Q4 25 | $11.9M | $52.5M | ||
| Q3 25 | $26.6M | $39.5M | ||
| Q2 25 | $33.3M | $66.7M | ||
| Q1 25 | $37.3M | $-41.2M | ||
| Q4 24 | $11.6M | $68.8M | ||
| Q3 24 | $44.4M | $64.5M | ||
| Q2 24 | $69.7M | $66.1M |
自由现金流率EXPIMBC
| Q1 26 | — | -23.7% | ||
| Q4 25 | 1.0% | 8.1% | ||
| Q3 25 | 2.0% | 5.7% | ||
| Q2 25 | 2.5% | 9.1% | ||
| Q1 25 | 3.9% | -6.2% | ||
| Q4 24 | 1.1% | 10.3% | ||
| Q3 24 | 3.6% | 9.0% | ||
| Q2 24 | 5.4% | 9.8% |
资本支出强度EXPIMBC
| Q1 26 | — | 2.1% | ||
| Q4 25 | 0.2% | 5.3% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.1% | 1.7% |
现金转化率EXPIMBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | 3.06× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | -2.36× | ||
| Q4 24 | — | 8.22× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | 5.75× | 1.71× |
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% |
MBC
暂无分部数据
