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eXp World Holdings, Inc.（EXPI）与MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.2倍（$1.2B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs -1.1%，领先17.1%），eXp World Holdings, Inc.同比增速更快（8.5% vs 4.2%），MUELLER INDUSTRIES INC自由现金流更多（$121.4M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 6.4%）
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。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
EXPI vs MLI — 直观对比
营收规模更大
EXPI
是对方的1.2倍
$962.4M
营收增速更快
EXPI
高出4.3%
4.2%
净利率更高
MLI
高出17.1%
-1.1%
自由现金流更多
MLI
多$109.5M
$11.9M
两年增速更快
EXPI
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $962.4M |
| 净利润 | $-12.9M | $153.7M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 17.9% |
| 净利率 | -1.1% | 16.0% |
| 营收同比 | 8.5% | 4.2% |
| 净利润同比 | -35.7% | 11.7% |
| 每股收益（稀释后） | $-0.08 | $1.37 |
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EXPIMLI
| Q4 25 | $1.2B | $962.4M | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $954.9M | $1.0B | ||
| Q4 24 | $1.1B | $923.5M | ||
| Q3 24 | $1.2B | $997.8M | ||
| Q2 24 | $1.3B | $997.7M | ||
| Q1 24 | $943.1M | $849.7M |
净利润EXPIMLI
| Q4 25 | $-12.9M | $153.7M | ||
| Q3 25 | $3.5M | $208.1M | ||
| Q2 25 | $-2.3M | $245.9M | ||
| Q1 25 | $-11.0M | $157.4M | ||
| Q4 24 | $-9.5M | $137.7M | ||
| Q3 24 | $-8.5M | $168.7M | ||
| Q2 24 | $12.4M | $160.2M | ||
| Q1 24 | $-15.6M | $138.4M |
毛利率EXPIMLI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | 27.6% | ||
| Q2 24 | 99.9% | 27.3% | ||
| Q1 24 | — | 28.4% |
营业利润率EXPIMLI
| Q4 25 | -1.1% | 17.9% | ||
| Q3 25 | 0.3% | 25.6% | ||
| Q2 25 | -0.2% | 26.7% | ||
| Q1 25 | -1.1% | 20.6% | ||
| Q4 24 | -1.0% | 18.4% | ||
| Q3 24 | -0.7% | 20.7% | ||
| Q2 24 | 1.4% | 21.0% | ||
| Q1 24 | -1.9% | 21.6% |
净利率EXPIMLI
| Q4 25 | -1.1% | 16.0% | ||
| Q3 25 | 0.3% | 19.3% | ||
| Q2 25 | -0.2% | 21.6% | ||
| Q1 25 | -1.2% | 15.7% | ||
| Q4 24 | -0.9% | 14.9% | ||
| Q3 24 | -0.7% | 16.9% | ||
| Q2 24 | 1.0% | 16.1% | ||
| Q1 24 | -1.7% | 16.3% |
每股收益（稀释后）EXPIMLI
| Q4 25 | $-0.08 | $1.37 | ||
| Q3 25 | $0.02 | $1.88 | ||
| Q2 25 | $-0.01 | $2.22 | ||
| Q1 25 | $-0.07 | $1.39 | ||
| Q4 24 | $-0.06 | $1.21 | ||
| Q3 24 | $-0.06 | $1.48 | ||
| Q2 24 | $0.08 | $1.41 | ||
| Q1 24 | $-0.10 | $1.21 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $3.2B |
| 总资产 | $442.5M | $3.7B |
| 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EXPIMLI
| Q4 25 | $124.2M | $1.4B | ||
| Q3 25 | $112.8M | $1.3B | ||
| Q2 25 | $94.6M | $1.1B | ||
| Q1 25 | $115.7M | $873.6M | ||
| Q4 24 | $113.6M | $1.1B | ||
| Q3 24 | $130.4M | $969.6M | ||
| Q2 24 | $108.4M | $825.7M | ||
| Q1 24 | $109.2M | $1.4B |
股东权益EXPIMLI
| Q4 25 | $242.8M | $3.2B | ||
| Q3 25 | $235.3M | $3.1B | ||
| Q2 25 | $218.4M | $2.9B | ||
| Q1 25 | $212.0M | $2.7B | ||
| Q4 24 | $204.9M | $2.8B | ||
| Q3 24 | $211.1M | $2.7B | ||
| Q2 24 | $220.3M | $2.5B | ||
| Q1 24 | $222.4M | $2.4B |
总资产EXPIMLI
| Q4 25 | $442.5M | $3.7B | ||
| Q3 25 | $458.7M | $3.7B | ||
| Q2 25 | $481.2M | $3.5B | ||
| Q1 25 | $435.8M | $3.2B | ||
| Q4 24 | $390.7M | $3.3B | ||
| Q3 24 | $432.6M | $3.2B | ||
| Q2 24 | $457.4M | $3.1B | ||
| Q1 24 | $426.7M | $2.9B |
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 | $141.2M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $121.4M |
| 自由现金流率自由现金流/营收 | 1.0% | 12.6% |
| 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 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $686.6M |
8季度趋势，按日历期对齐
经营现金流EXPIMLI
| Q4 25 | $13.8M | $141.2M | ||
| Q3 25 | $28.9M | $310.1M | ||
| Q2 25 | $36.1M | $190.6M | ||
| Q1 25 | $39.8M | $113.6M | ||
| Q4 24 | $13.7M | $140.1M | ||
| Q3 24 | $46.0M | $231.4M | ||
| Q2 24 | $71.1M | $100.8M | ||
| Q1 24 | $60.7M | $173.6M |
自由现金流EXPIMLI
| Q4 25 | $11.9M | $121.4M | ||
| Q3 25 | $26.6M | $291.8M | ||
| Q2 25 | $33.3M | $176.5M | ||
| Q1 25 | $37.3M | $97.0M | ||
| Q4 24 | $11.6M | $111.2M | ||
| Q3 24 | $44.4M | $205.7M | ||
| Q2 24 | $69.7M | $91.6M | ||
| Q1 24 | $59.3M | $157.2M |
自由现金流率EXPIMLI
| Q4 25 | 1.0% | 12.6% | ||
| Q3 25 | 2.0% | 27.1% | ||
| Q2 25 | 2.5% | 15.5% | ||
| Q1 25 | 3.9% | 9.7% | ||
| Q4 24 | 1.1% | 12.0% | ||
| Q3 24 | 3.6% | 20.6% | ||
| Q2 24 | 5.4% | 9.2% | ||
| Q1 24 | 6.3% | 18.5% |
资本支出强度EXPIMLI
| Q4 25 | 0.2% | 2.1% | ||
| Q3 25 | 0.2% | 1.7% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.2% | 3.1% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.1% | 1.9% |
现金转化率EXPIMLI
| Q4 25 | — | 0.92× | ||
| Q3 25 | 8.26× | 1.49× | ||
| Q2 25 | — | 0.78× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | 5.75× | 0.63× | ||
| Q1 24 | — | 1.25× |
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% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
