vs
eXp World Holdings, Inc.（EXPI）与MYR GROUP INC.（MYRG）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MYR GROUP INC.的1.2倍（$1.2B vs $973.5M），MYR GROUP INC.净利率更高（3.8% vs -1.1%，领先4.8%），MYR GROUP INC.同比增速更快（17.3% vs 8.5%），MYR GROUP INC.自由现金流更多（$84.9M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 9.3%）
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。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
EXPI vs MYRG — 直观对比
营收规模更大
EXPI
是对方的1.2倍
$973.5M
营收增速更快
MYRG
高出8.8%
8.5%
净利率更高
MYRG
高出4.8%
-1.1%
自由现金流更多
MYRG
多$73.0M
$11.9M
两年增速更快
EXPI
近两年复合增速
9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $973.5M |
| 净利润 | $-12.9M | $36.5M |
| 毛利率 | — | 11.4% |
| 营业利润率 | -1.1% | 4.8% |
| 净利率 | -1.1% | 3.8% |
| 营收同比 | 8.5% | 17.3% |
| 净利润同比 | -35.7% | 129.1% |
| 每股收益（稀释后） | $-0.08 | $2.33 |
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EXPIMYRG
| Q4 25 | $1.2B | $973.5M | ||
| Q3 25 | $1.3B | $950.4M | ||
| Q2 25 | $1.3B | $900.3M | ||
| Q1 25 | $954.9M | $833.6M | ||
| Q4 24 | $1.1B | $829.8M | ||
| Q3 24 | $1.2B | $888.0M | ||
| Q2 24 | $1.3B | $828.9M | ||
| Q1 24 | $943.1M | $815.6M |
净利润EXPIMYRG
| Q4 25 | $-12.9M | $36.5M | ||
| Q3 25 | $3.5M | $32.1M | ||
| Q2 25 | $-2.3M | $26.5M | ||
| Q1 25 | $-11.0M | $23.3M | ||
| Q4 24 | $-9.5M | $16.0M | ||
| Q3 24 | $-8.5M | $10.6M | ||
| Q2 24 | $12.4M | $-15.3M | ||
| Q1 24 | $-15.6M | $18.9M |
毛利率EXPIMYRG
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 99.9% | 8.7% | ||
| Q2 24 | 99.9% | 4.9% | ||
| Q1 24 | — | 10.6% |
营业利润率EXPIMYRG
| Q4 25 | -1.1% | 4.8% | ||
| Q3 25 | 0.3% | 4.9% | ||
| Q2 25 | -0.2% | 4.4% | ||
| Q1 25 | -1.1% | 4.1% | ||
| Q4 24 | -1.0% | 3.6% | ||
| Q3 24 | -0.7% | 2.3% | ||
| Q2 24 | 1.4% | -2.5% | ||
| Q1 24 | -1.9% | 3.0% |
净利率EXPIMYRG
| Q4 25 | -1.1% | 3.8% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | -0.2% | 2.9% | ||
| Q1 25 | -1.2% | 2.8% | ||
| Q4 24 | -0.9% | 1.9% | ||
| Q3 24 | -0.7% | 1.2% | ||
| Q2 24 | 1.0% | -1.8% | ||
| Q1 24 | -1.7% | 2.3% |
每股收益（稀释后）EXPIMYRG
| Q4 25 | $-0.08 | $2.33 | ||
| Q3 25 | $0.02 | $2.05 | ||
| Q2 25 | $-0.01 | $1.70 | ||
| Q1 25 | $-0.07 | $1.45 | ||
| Q4 24 | $-0.06 | $0.97 | ||
| Q3 24 | $-0.06 | $0.65 | ||
| Q2 24 | $0.08 | $-0.91 | ||
| Q1 24 | $-0.10 | $1.12 |
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 | $150.2M |
| 总债务越低越好 | — | $59.0M |
| 股东权益账面价值 | $242.8M | $660.4M |
| 总资产 | $442.5M | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资EXPIMYRG
| Q4 25 | $124.2M | $150.2M | ||
| Q3 25 | $112.8M | $76.2M | ||
| Q2 25 | $94.6M | $23.0M | ||
| Q1 25 | $115.7M | $10.9M | ||
| Q4 24 | $113.6M | $3.5M | ||
| Q3 24 | $130.4M | $7.6M | ||
| Q2 24 | $108.4M | $1.9M | ||
| Q1 24 | $109.2M | $3.9M |
总债务EXPIMYRG
| Q4 25 | — | $59.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $87.2M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $93.2M | ||
| Q2 24 | — | $45.1M | ||
| Q1 24 | — | $37.9M |
股东权益EXPIMYRG
| Q4 25 | $242.8M | $660.4M | ||
| Q3 25 | $235.3M | $617.6M | ||
| Q2 25 | $218.4M | $583.2M | ||
| Q1 25 | $212.0M | $548.7M | ||
| Q4 24 | $204.9M | $600.4M | ||
| Q3 24 | $211.1M | $588.5M | ||
| Q2 24 | $220.3M | $633.3M | ||
| Q1 24 | $222.4M | $663.7M |
总资产EXPIMYRG
| Q4 25 | $442.5M | $1.6B | ||
| Q3 25 | $458.7M | $1.6B | ||
| Q2 25 | $481.2M | $1.6B | ||
| Q1 25 | $435.8M | $1.5B | ||
| Q4 24 | $390.7M | $1.6B | ||
| Q3 24 | $432.6M | $1.6B | ||
| Q2 24 | $457.4M | $1.6B | ||
| Q1 24 | $426.7M | $1.6B |
负债/权益比EXPIMYRG
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.06× |
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 | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $84.9M |
| 自由现金流率自由现金流/营收 | 1.0% | 8.7% |
| 资本支出强度资本支出/营收 | 0.2% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 3.14× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $232.2M |
8季度趋势，按日历期对齐
经营现金流EXPIMYRG
| Q4 25 | $13.8M | $114.8M | ||
| Q3 25 | $28.9M | $95.6M | ||
| Q2 25 | $36.1M | $32.9M | ||
| Q1 25 | $39.8M | $83.3M | ||
| Q4 24 | $13.7M | $21.1M | ||
| Q3 24 | $46.0M | $35.6M | ||
| Q2 24 | $71.1M | $22.7M | ||
| Q1 24 | $60.7M | $7.7M |
自由现金流EXPIMYRG
| Q4 25 | $11.9M | $84.9M | ||
| Q3 25 | $26.6M | $65.4M | ||
| Q2 25 | $33.3M | $11.6M | ||
| Q1 25 | $37.3M | $70.2M | ||
| Q4 24 | $11.6M | $8.8M | ||
| Q3 24 | $44.4M | $18.0M | ||
| Q2 24 | $69.7M | $2.5M | ||
| Q1 24 | $59.3M | $-18.1M |
自由现金流率EXPIMYRG
| Q4 25 | 1.0% | 8.7% | ||
| Q3 25 | 2.0% | 6.9% | ||
| Q2 25 | 2.5% | 1.3% | ||
| Q1 25 | 3.9% | 8.4% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 5.4% | 0.3% | ||
| Q1 24 | 6.3% | -2.2% |
资本支出强度EXPIMYRG
| Q4 25 | 0.2% | 3.1% | ||
| Q3 25 | 0.2% | 3.2% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.3% | 1.6% | ||
| Q4 24 | 0.2% | 1.5% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 0.1% | 3.2% |
现金转化率EXPIMYRG
| Q4 25 | — | 3.14× | ||
| Q3 25 | 8.26× | 2.98× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 3.57× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 3.35× | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | 0.41× |
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% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
