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eXp World Holdings, Inc.（EXPI）与NORTHERN OIL & GAS, INC.（NOG）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NORTHERN OIL & GAS, INC.的2.0倍（$1.2B vs $610.2M），eXp World Holdings, Inc.净利率更高（-1.1% vs -11.6%，领先10.5%），eXp World Holdings, Inc.同比增速更快（8.5% vs -72.6%），NORTHERN OIL & GAS, INC.自由现金流更多（$43.2M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 4.3%）
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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
EXPI vs NOG — 直观对比
营收规模更大
EXPI
是对方的2.0倍
$610.2M
营收增速更快
EXPI
高出81.1%
-72.6%
净利率更高
EXPI
高出10.5%
-11.6%
自由现金流更多
NOG
多$31.3M
$11.9M
两年增速更快
EXPI
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $610.2M |
| 净利润 | $-12.9M | $-70.7M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | -11.6% |
| 营收同比 | 8.5% | -72.6% |
| 净利润同比 | -35.7% | -198.7% |
| 每股收益（稀释后） | $-0.08 | $-0.73 |
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EXPINOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $1.2B | $610.2M | ||
| Q3 25 | $1.3B | $556.6M | ||
| Q2 25 | $1.3B | $706.8M | ||
| Q1 25 | $954.9M | $602.1M | ||
| Q4 24 | $1.1B | $515.0M | ||
| Q3 24 | $1.2B | $753.6M | ||
| Q2 24 | $1.3B | $560.8M |
净利润EXPINOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $-12.9M | $-70.7M | ||
| Q3 25 | $3.5M | $-129.1M | ||
| Q2 25 | $-2.3M | $99.6M | ||
| Q1 25 | $-11.0M | $139.0M | ||
| Q4 24 | $-9.5M | $71.7M | ||
| Q3 24 | $-8.5M | $298.4M | ||
| Q2 24 | $12.4M | $138.6M |
毛利率EXPINOG
| Q1 26 | — | — | ||
| Q4 25 | — | 80.4% | ||
| Q3 25 | — | 78.7% | ||
| Q2 25 | — | 82.8% | ||
| Q1 25 | — | 81.1% | ||
| Q4 24 | — | 77.4% | ||
| Q3 24 | 99.9% | 85.8% | ||
| Q2 24 | 99.9% | 82.0% |
营业利润率EXPINOG
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | -5.5% | ||
| Q3 25 | 0.3% | -22.6% | ||
| Q2 25 | -0.2% | 24.9% | ||
| Q1 25 | -1.1% | 38.1% | ||
| Q4 24 | -1.0% | 25.8% | ||
| Q3 24 | -0.7% | 57.6% | ||
| Q2 24 | 1.4% | 39.0% |
净利率EXPINOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | -1.1% | -11.6% | ||
| Q3 25 | 0.3% | -23.2% | ||
| Q2 25 | -0.2% | 14.1% | ||
| Q1 25 | -1.2% | 23.1% | ||
| Q4 24 | -0.9% | 13.9% | ||
| Q3 24 | -0.7% | 39.6% | ||
| Q2 24 | 1.0% | 24.7% |
每股收益（稀释后）EXPINOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $-0.08 | $-0.67 | ||
| Q3 25 | $0.02 | $-1.33 | ||
| Q2 25 | $-0.01 | $1.00 | ||
| Q1 25 | $-0.07 | $1.39 | ||
| Q4 24 | $-0.06 | $0.71 | ||
| Q3 24 | $-0.06 | $2.96 | ||
| Q2 24 | $0.08 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $2.1B |
| 总资产 | $442.5M | $5.4B |
| 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EXPINOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $124.2M | $14.3M | ||
| Q3 25 | $112.8M | $31.6M | ||
| Q2 25 | $94.6M | $25.9M | ||
| Q1 25 | $115.7M | $33.6M | ||
| Q4 24 | $113.6M | $8.9M | ||
| Q3 24 | $130.4M | $34.4M | ||
| Q2 24 | $108.4M | $7.8M |
总债务EXPINOG
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
股东权益EXPINOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $242.8M | $2.1B | ||
| Q3 25 | $235.3M | $2.2B | ||
| Q2 25 | $218.4M | $2.4B | ||
| Q1 25 | $212.0M | $2.4B | ||
| Q4 24 | $204.9M | $2.3B | ||
| Q3 24 | $211.1M | $2.3B | ||
| Q2 24 | $220.3M | $2.1B |
总资产EXPINOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $442.5M | $5.4B | ||
| Q3 25 | $458.7M | $5.5B | ||
| Q2 25 | $481.2M | $5.7B | ||
| Q1 25 | $435.8M | $5.7B | ||
| Q4 24 | $390.7M | $5.6B | ||
| Q3 24 | $432.6M | $5.1B | ||
| Q2 24 | $457.4M | $4.7B |
负债/权益比EXPINOG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $43.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 7.1% |
| 资本支出强度资本支出/营收 | 0.2% | 31.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 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EXPINOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $13.8M | $312.6M | ||
| Q3 25 | $28.9M | $423.1M | ||
| Q2 25 | $36.1M | $362.1M | ||
| Q1 25 | $39.8M | $407.4M | ||
| Q4 24 | $13.7M | $290.3M | ||
| Q3 24 | $46.0M | $385.8M | ||
| Q2 24 | $71.1M | $340.5M |
自由现金流EXPINOG
| Q1 26 | — | $43.2M | ||
| 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 | — |
自由现金流率EXPINOG
| Q1 26 | — | 7.1% | ||
| 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% | — |
资本支出强度EXPINOG
| Q1 26 | — | 31.5% | ||
| 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% | — |
现金转化率EXPINOG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | 5.75× | 2.46× |
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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
