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eXp World Holdings, Inc.（EXPI）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.0倍（$1.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs -1.1%，领先25.6%），eXp World Holdings, Inc.同比增速更快（8.5% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
EXPI vs MLM — 直观对比
营收规模更大
EXPI
是对方的1.0倍
$1.1B
营收增速更快
EXPI
高出38.7%
-30.1%
净利率更高
MLM
高出25.6%
-1.1%
自由现金流更多
MLM
多$412.1M
$11.9M
两年增速更快
EXPI
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $-12.9M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -1.1% | 24.6% |
| 净利率 | -1.1% | 24.5% |
| 营收同比 | 8.5% | -30.1% |
| 净利润同比 | -35.7% | -4.8% |
| 每股收益（稀释后） | $-0.08 | $4.59 |
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EXPIMLM
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $954.9M | $1.4B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $943.1M | $1.3B |
净利润EXPIMLM
| Q4 25 | $-12.9M | $279.0M | ||
| Q3 25 | $3.5M | $414.0M | ||
| Q2 25 | $-2.3M | $328.0M | ||
| Q1 25 | $-11.0M | $116.0M | ||
| Q4 24 | $-9.5M | $293.0M | ||
| Q3 24 | $-8.5M | $363.0M | ||
| Q2 24 | $12.4M | $294.0M | ||
| Q1 24 | $-15.6M | $1.0B |
毛利率EXPIMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 99.9% | 31.7% | ||
| Q2 24 | 99.9% | 29.3% | ||
| Q1 24 | — | 21.7% |
营业利润率EXPIMLM
| Q4 25 | -1.1% | 24.6% | ||
| Q3 25 | 0.3% | 27.4% | ||
| Q2 25 | -0.2% | 25.3% | ||
| Q1 25 | -1.1% | 14.3% | ||
| Q4 24 | -1.0% | 24.4% | ||
| Q3 24 | -0.7% | 25.9% | ||
| Q2 24 | 1.4% | 22.6% | ||
| Q1 24 | -1.9% | — |
净利率EXPIMLM
| Q4 25 | -1.1% | 24.5% | ||
| Q3 25 | 0.3% | 22.4% | ||
| Q2 25 | -0.2% | 18.1% | ||
| Q1 25 | -1.2% | 8.6% | ||
| Q4 24 | -0.9% | 18.0% | ||
| Q3 24 | -0.7% | 19.2% | ||
| Q2 24 | 1.0% | 16.7% | ||
| Q1 24 | -1.7% | 83.5% |
每股收益（稀释后）EXPIMLM
| Q4 25 | $-0.08 | $4.59 | ||
| Q3 25 | $0.02 | $6.85 | ||
| Q2 25 | $-0.01 | $5.43 | ||
| Q1 25 | $-0.07 | $1.90 | ||
| Q4 24 | $-0.06 | $4.87 | ||
| Q3 24 | $-0.06 | $5.91 | ||
| Q2 24 | $0.08 | $4.76 | ||
| Q1 24 | $-0.10 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $242.8M | $10.0B |
| 总资产 | $442.5M | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资EXPIMLM
| Q4 25 | $124.2M | $67.0M | ||
| Q3 25 | $112.8M | $57.0M | ||
| Q2 25 | $94.6M | $225.0M | ||
| Q1 25 | $115.7M | $101.0M | ||
| Q4 24 | $113.6M | $670.0M | ||
| Q3 24 | $130.4M | $52.0M | ||
| Q2 24 | $108.4M | $109.0M | ||
| Q1 24 | $109.2M | $2.6B |
总债务EXPIMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益EXPIMLM
| Q4 25 | $242.8M | $10.0B | ||
| Q3 25 | $235.3M | $9.7B | ||
| Q2 25 | $218.4M | $9.4B | ||
| Q1 25 | $212.0M | $9.1B | ||
| Q4 24 | $204.9M | $9.5B | ||
| Q3 24 | $211.1M | $9.2B | ||
| Q2 24 | $220.3M | $8.8B | ||
| Q1 24 | $222.4M | $8.9B |
总资产EXPIMLM
| Q4 25 | $442.5M | $18.7B | ||
| Q3 25 | $458.7M | $18.7B | ||
| Q2 25 | $481.2M | $18.1B | ||
| Q1 25 | $435.8M | $17.7B | ||
| Q4 24 | $390.7M | $18.2B | ||
| Q3 24 | $432.6M | $16.5B | ||
| Q2 24 | $457.4M | $16.3B | ||
| Q1 24 | $426.7M | $16.2B |
负债/权益比EXPIMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $424.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 37.2% |
| 资本支出强度资本支出/营收 | 0.2% | 18.0% |
| 现金转化率经营现金流/净利润 | — | 2.25× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $978.0M |
8季度趋势，按日历期对齐
经营现金流EXPIMLM
| Q4 25 | $13.8M | $629.0M | ||
| Q3 25 | $28.9M | $551.0M | ||
| Q2 25 | $36.1M | $387.0M | ||
| Q1 25 | $39.8M | $218.0M | ||
| Q4 24 | $13.7M | $686.0M | ||
| Q3 24 | $46.0M | $600.0M | ||
| Q2 24 | $71.1M | $1.0M | ||
| Q1 24 | $60.7M | $172.0M |
自由现金流EXPIMLM
| Q4 25 | $11.9M | $424.0M | ||
| Q3 25 | $26.6M | $361.0M | ||
| Q2 25 | $33.3M | $208.0M | ||
| Q1 25 | $37.3M | $-15.0M | ||
| Q4 24 | $11.6M | $453.0M | ||
| Q3 24 | $44.4M | $317.0M | ||
| Q2 24 | $69.7M | $-138.0M | ||
| Q1 24 | $59.3M | $-28.0M |
自由现金流率EXPIMLM
| Q4 25 | 1.0% | 37.2% | ||
| Q3 25 | 2.0% | 19.6% | ||
| Q2 25 | 2.5% | 11.5% | ||
| Q1 25 | 3.9% | -1.1% | ||
| Q4 24 | 1.1% | 27.8% | ||
| Q3 24 | 3.6% | 16.8% | ||
| Q2 24 | 5.4% | -7.8% | ||
| Q1 24 | 6.3% | -2.2% |
资本支出强度EXPIMLM
| Q4 25 | 0.2% | 18.0% | ||
| Q3 25 | 0.2% | 10.3% | ||
| Q2 25 | 0.2% | 9.9% | ||
| Q1 25 | 0.3% | 17.2% | ||
| Q4 24 | 0.2% | 14.3% | ||
| Q3 24 | 0.1% | 15.0% | ||
| Q2 24 | 0.1% | 7.9% | ||
| Q1 24 | 0.1% | 16.0% |
现金转化率EXPIMLM
| Q4 25 | — | 2.25× | ||
| Q3 25 | 8.26× | 1.33× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | 5.75× | 0.00× | ||
| Q1 24 | — | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
