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eXp World Holdings, Inc.（EXPI）与大都会人寿（MET）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是大都会人寿的2.0倍（$1.2B vs $600.0M），大都会人寿净利率更高（134.8% vs -1.1%，领先135.9%），eXp World Holdings, Inc.同比增速更快（8.5% vs 7.9%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 2.0%）
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。
大都会人寿（MetLife）是全球规模领先的保险、年金及员工福利服务提供商之一，创立于1868年，业务覆盖超60个国家和地区，服务约9000万客户，2018年位列《财富》美国500强营收排行榜第43位。
EXPI vs MET — 直观对比
营收规模更大
EXPI
是对方的2.0倍
$600.0M
营收增速更快
EXPI
高出0.6%
7.9%
净利率更高
MET
高出135.9%
-1.1%
两年增速更快
EXPI
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $600.0M |
| 净利润 | $-12.9M | $809.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | 134.8% |
| 营收同比 | 8.5% | 7.9% |
| 净利润同比 | -35.7% | -36.3% |
| 每股收益（稀释后） | $-0.08 | $1.18 |
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EXPIMET
| Q4 25 | $1.2B | $600.0M | ||
| Q3 25 | $1.3B | $621.0M | ||
| Q2 25 | $1.3B | $604.0M | ||
| Q1 25 | $954.9M | $611.0M | ||
| Q4 24 | $1.1B | $556.0M | ||
| Q3 24 | $1.2B | $554.0M | ||
| Q2 24 | $1.3B | $558.0M | ||
| Q1 24 | $943.1M | $577.0M |
净利润EXPIMET
| Q4 25 | $-12.9M | $809.0M | ||
| Q3 25 | $3.5M | $896.0M | ||
| Q2 25 | $-2.3M | $729.0M | ||
| Q1 25 | $-11.0M | $945.0M | ||
| Q4 24 | $-9.5M | $1.3B | ||
| Q3 24 | $-8.5M | $1.3B | ||
| Q2 24 | $12.4M | $946.0M | ||
| Q1 24 | $-15.6M | $867.0M |
毛利率EXPIMET
| 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EXPIMET
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -1.9% | — |
净利率EXPIMET
| Q4 25 | -1.1% | 134.8% | ||
| Q3 25 | 0.3% | 144.3% | ||
| Q2 25 | -0.2% | 120.7% | ||
| Q1 25 | -1.2% | 154.7% | ||
| Q4 24 | -0.9% | 228.6% | ||
| Q3 24 | -0.7% | 242.2% | ||
| Q2 24 | 1.0% | 169.5% | ||
| Q1 24 | -1.7% | 150.3% |
每股收益（稀释后）EXPIMET
| Q4 25 | $-0.08 | $1.18 | ||
| Q3 25 | $0.02 | $1.22 | ||
| Q2 25 | $-0.01 | $1.03 | ||
| Q1 25 | $-0.07 | $1.28 | ||
| Q4 24 | $-0.06 | $1.75 | ||
| Q3 24 | $-0.06 | $1.81 | ||
| Q2 24 | $0.08 | $1.28 | ||
| Q1 24 | $-0.10 | $1.10 |
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 | $25.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $28.4B |
| 总资产 | $442.5M | $745.2B |
| 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EXPIMET
| Q4 25 | $124.2M | $25.6B | ||
| Q3 25 | $112.8M | $26.2B | ||
| Q2 25 | $94.6M | $27.5B | ||
| Q1 25 | $115.7M | $26.9B | ||
| Q4 24 | $113.6M | $25.2B | ||
| Q3 24 | $130.4M | $26.4B | ||
| Q2 24 | $108.4M | $24.6B | ||
| Q1 24 | $109.2M | $24.7B |
股东权益EXPIMET
| Q4 25 | $242.8M | $28.4B | ||
| Q3 25 | $235.3M | $28.9B | ||
| Q2 25 | $218.4M | $27.7B | ||
| Q1 25 | $212.0M | $27.5B | ||
| Q4 24 | $204.9M | $27.4B | ||
| Q3 24 | $211.1M | $30.9B | ||
| Q2 24 | $220.3M | $27.3B | ||
| Q1 24 | $222.4M | $28.5B |
总资产EXPIMET
| Q4 25 | $442.5M | $745.2B | ||
| Q3 25 | $458.7M | $719.7B | ||
| Q2 25 | $481.2M | $702.5B | ||
| Q1 25 | $435.8M | $688.3B | ||
| Q4 24 | $390.7M | $677.5B | ||
| Q3 24 | $432.6M | $705.0B | ||
| Q2 24 | $457.4M | $675.7B | ||
| Q1 24 | $426.7M | $677.6B |
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 | $7.1B |
| 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 | — | 8.75× |
| 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EXPIMET
| Q4 25 | $13.8M | $7.1B | ||
| Q3 25 | $28.9M | $3.6B | ||
| Q2 25 | $36.1M | $2.2B | ||
| Q1 25 | $39.8M | $4.3B | ||
| Q4 24 | $13.7M | $4.6B | ||
| Q3 24 | $46.0M | $4.2B | ||
| Q2 24 | $71.1M | $3.5B | ||
| Q1 24 | $60.7M | $2.3B |
自由现金流EXPIMET
| 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 | — | ||
| Q1 24 | $59.3M | — |
自由现金流率EXPIMET
| 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% | — | ||
| Q1 24 | 6.3% | — |
资本支出强度EXPIMET
| 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% | — | ||
| Q1 24 | 0.1% | — |
现金转化率EXPIMET
| Q4 25 | — | 8.75× | ||
| Q3 25 | 8.26× | 3.98× | ||
| Q2 25 | — | 3.00× | ||
| Q1 25 | — | 4.51× | ||
| Q4 24 | — | 3.63× | ||
| Q3 24 | — | 3.11× | ||
| Q2 24 | 5.75× | 3.69× | ||
| Q1 24 | — | 2.69× |
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% |
MET
| Other | $165.0M | 28% |
| Prepaidlegalplansandadministrativeonlycontracts | $158.0M | 26% |
| Vision Fee For Service Arrangements | $140.0M | 23% |
| Administrative Service | $76.0M | 13% |
| Distribution Service | $36.0M | 6% |
| Feebasedinvestmentmanagementservices | $25.0M | 4% |
