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eXp World Holdings, Inc.（EXPI）与MAXIMUS, INC.（MMS）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是eXp World Holdings, Inc.的1.1倍（$1.3B vs $1.2B），MAXIMUS, INC.净利率更高（7.0% vs -1.1%，领先8.1%），eXp World Holdings, Inc.同比增速更快（8.5% vs -4.1%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-250.7M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -0.1%）
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。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
EXPI vs MMS — 直观对比
营收规模更大
MMS
是对方的1.1倍
$1.2B
营收增速更快
EXPI
高出12.6%
-4.1%
净利率更高
MMS
高出8.1%
-1.1%
自由现金流更多
EXPI
多$262.6M
$-250.7M
两年增速更快
EXPI
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-12.9M | $93.9M |
| 毛利率 | — | 23.7% |
| 营业利润率 | -1.1% | 10.9% |
| 净利率 | -1.1% | 7.0% |
| 营收同比 | 8.5% | -4.1% |
| 净利润同比 | -35.7% | 128.0% |
| 每股收益（稀释后） | $-0.08 | $1.70 |
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EXPIMMS
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $954.9M | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $943.1M | $1.3B |
净利润EXPIMMS
| Q4 25 | $-12.9M | $93.9M | ||
| Q3 25 | $3.5M | $75.3M | ||
| Q2 25 | $-2.3M | $106.0M | ||
| Q1 25 | $-11.0M | $96.6M | ||
| Q4 24 | $-9.5M | $41.2M | ||
| Q3 24 | $-8.5M | $72.5M | ||
| Q2 24 | $12.4M | $89.8M | ||
| Q1 24 | $-15.6M | $80.5M |
毛利率EXPIMMS
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 25.3% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | 99.9% | 22.9% | ||
| Q2 24 | 99.9% | 25.3% | ||
| Q1 24 | — | 23.6% |
营业利润率EXPIMMS
| Q4 25 | -1.1% | 10.9% | ||
| Q3 25 | 0.3% | 9.3% | ||
| Q2 25 | -0.2% | 12.3% | ||
| Q1 25 | -1.1% | 11.2% | ||
| Q4 24 | -1.0% | 6.2% | ||
| Q3 24 | -0.7% | 8.5% | ||
| Q2 24 | 1.4% | 10.8% | ||
| Q1 24 | -1.9% | 9.5% |
净利率EXPIMMS
| Q4 25 | -1.1% | 7.0% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | -0.2% | 7.9% | ||
| Q1 25 | -1.2% | 7.1% | ||
| Q4 24 | -0.9% | 2.9% | ||
| Q3 24 | -0.7% | 5.5% | ||
| Q2 24 | 1.0% | 6.8% | ||
| Q1 24 | -1.7% | 6.0% |
每股收益（稀释后）EXPIMMS
| Q4 25 | $-0.08 | $1.70 | ||
| Q3 25 | $0.02 | $1.27 | ||
| Q2 25 | $-0.01 | $1.86 | ||
| Q1 25 | $-0.07 | $1.69 | ||
| Q4 24 | $-0.06 | $0.69 | ||
| Q3 24 | $-0.06 | $1.18 | ||
| Q2 24 | $0.08 | $1.46 | ||
| Q1 24 | $-0.10 | $1.31 |
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 | $137.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $1.7B |
| 总资产 | $442.5M | $4.2B |
| 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EXPIMMS
| Q4 25 | $124.2M | $137.6M | ||
| Q3 25 | $112.8M | $222.4M | ||
| Q2 25 | $94.6M | $59.8M | ||
| Q1 25 | $115.7M | $108.1M | ||
| Q4 24 | $113.6M | $72.7M | ||
| Q3 24 | $130.4M | $183.1M | ||
| Q2 24 | $108.4M | $102.8M | ||
| Q1 24 | $109.2M | $77.4M |
股东权益EXPIMMS
| Q4 25 | $242.8M | $1.7B | ||
| Q3 25 | $235.3M | $1.7B | ||
| Q2 25 | $218.4M | $1.8B | ||
| Q1 25 | $212.0M | $1.7B | ||
| Q4 24 | $204.9M | $1.6B | ||
| Q3 24 | $211.1M | $1.8B | ||
| Q2 24 | $220.3M | $1.8B | ||
| Q1 24 | $222.4M | $1.8B |
总资产EXPIMMS
| Q4 25 | $442.5M | $4.2B | ||
| Q3 25 | $458.7M | $4.1B | ||
| Q2 25 | $481.2M | $4.5B | ||
| Q1 25 | $435.8M | $4.2B | ||
| Q4 24 | $390.7M | $4.1B | ||
| Q3 24 | $432.6M | $4.1B | ||
| Q2 24 | $457.4M | $4.0B | ||
| Q1 24 | $426.7M | $4.0B |
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 | $-244.4M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-250.7M |
| 自由现金流率自由现金流/营收 | 1.0% | -18.6% |
| 资本支出强度资本支出/营收 | 0.2% | 0.5% |
| 现金转化率经营现金流/净利润 | — | -2.60× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $218.5M |
8季度趋势，按日历期对齐
经营现金流EXPIMMS
| Q4 25 | $13.8M | $-244.4M | ||
| Q3 25 | $28.9M | $649.4M | ||
| Q2 25 | $36.1M | $-182.7M | ||
| Q1 25 | $39.8M | $42.7M | ||
| Q4 24 | $13.7M | $-80.0M | ||
| Q3 24 | $46.0M | $163.8M | ||
| Q2 24 | $71.1M | $199.3M | ||
| Q1 24 | $60.7M | $130.5M |
自由现金流EXPIMMS
| Q4 25 | $11.9M | $-250.7M | ||
| Q3 25 | $26.6M | $641.8M | ||
| Q2 25 | $33.3M | $-198.2M | ||
| Q1 25 | $37.3M | $25.5M | ||
| Q4 24 | $11.6M | $-103.0M | ||
| Q3 24 | $44.4M | $131.9M | ||
| Q2 24 | $69.7M | $164.6M | ||
| Q1 24 | $59.3M | $105.2M |
自由现金流率EXPIMMS
| Q4 25 | 1.0% | -18.6% | ||
| Q3 25 | 2.0% | 48.7% | ||
| Q2 25 | 2.5% | -14.7% | ||
| Q1 25 | 3.9% | 1.9% | ||
| Q4 24 | 1.1% | -7.3% | ||
| Q3 24 | 3.6% | 10.0% | ||
| Q2 24 | 5.4% | 12.5% | ||
| Q1 24 | 6.3% | 7.8% |
资本支出强度EXPIMMS
| Q4 25 | 0.2% | 0.5% | ||
| Q3 25 | 0.2% | 0.6% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.2% | 1.6% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.1% | 2.6% | ||
| Q1 24 | 0.1% | 1.9% |
现金转化率EXPIMMS
| Q4 25 | — | -2.60× | ||
| Q3 25 | 8.26× | 8.63× | ||
| Q2 25 | — | -1.72× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | -1.94× | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | 5.75× | 2.22× | ||
| Q1 24 | — | 1.62× |
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% |
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
