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eXp World Holdings, Inc.（EXPI）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是eXp World Holdings, Inc.的1.4倍（$1.7B vs $1.2B），NetApp净利率更高（19.5% vs -1.1%，领先20.6%），eXp World Holdings, Inc.同比增速更快（8.5% vs 4.4%），NetApp自由现金流更多（$271.0M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 1.3%）
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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
EXPI vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.4倍
$1.2B
营收增速更快
EXPI
高出4.1%
4.4%
净利率更高
NTAP
高出20.6%
-1.1%
自由现金流更多
NTAP
多$259.1M
$11.9M
两年增速更快
EXPI
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $-12.9M | $334.0M |
| 毛利率 | — | 70.6% |
| 营业利润率 | -1.1% | 25.3% |
| 净利率 | -1.1% | 19.5% |
| 营收同比 | 8.5% | 4.4% |
| 净利润同比 | -35.7% | 11.7% |
| 每股收益（稀释后） | $-0.08 | $1.67 |
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EXPINTAP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $954.9M | $1.6B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.3B | $1.7B |
净利润EXPINTAP
| Q1 26 | — | $334.0M | ||
| Q4 25 | $-12.9M | $305.0M | ||
| Q3 25 | $3.5M | $233.0M | ||
| Q2 25 | $-2.3M | $340.0M | ||
| Q1 25 | $-11.0M | $299.0M | ||
| Q4 24 | $-9.5M | $299.0M | ||
| Q3 24 | $-8.5M | $248.0M | ||
| Q2 24 | $12.4M | $291.0M |
毛利率EXPINTAP
| Q1 26 | — | 70.6% | ||
| Q4 25 | — | 72.0% | ||
| Q3 25 | — | 70.4% | ||
| Q2 25 | — | 68.9% | ||
| Q1 25 | — | 69.8% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | 99.9% | 71.3% | ||
| Q2 24 | 99.9% | 70.5% |
营业利润率EXPINTAP
| Q1 26 | — | 25.3% | ||
| Q4 25 | -1.1% | 23.4% | ||
| Q3 25 | 0.3% | 19.8% | ||
| Q2 25 | -0.2% | 20.1% | ||
| Q1 25 | -1.1% | 22.1% | ||
| Q4 24 | -1.0% | 20.8% | ||
| Q3 24 | -0.7% | 18.3% | ||
| Q2 24 | 1.4% | 21.9% |
净利率EXPINTAP
| Q1 26 | — | 19.5% | ||
| Q4 25 | -1.1% | 17.9% | ||
| Q3 25 | 0.3% | 14.9% | ||
| Q2 25 | -0.2% | 19.6% | ||
| Q1 25 | -1.2% | 18.2% | ||
| Q4 24 | -0.9% | 18.0% | ||
| Q3 24 | -0.7% | 16.1% | ||
| Q2 24 | 1.0% | 17.4% |
每股收益（稀释后）EXPINTAP
| Q1 26 | — | $1.67 | ||
| Q4 25 | $-0.08 | $1.51 | ||
| Q3 25 | $0.02 | $1.15 | ||
| Q2 25 | $-0.01 | $1.64 | ||
| Q1 25 | $-0.07 | $1.44 | ||
| Q4 24 | $-0.06 | $1.42 | ||
| Q3 24 | $-0.06 | $1.17 | ||
| 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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $242.8M | $1.2B |
| 总资产 | $442.5M | $10.0B |
| 负债/权益比越低杠杆越低 | — | 2.15× |
8季度趋势，按日历期对齐
现金及短期投资EXPINTAP
| Q1 26 | — | $3.0B | ||
| Q4 25 | $124.2M | $3.0B | ||
| Q3 25 | $112.8M | $3.3B | ||
| Q2 25 | $94.6M | $3.8B | ||
| Q1 25 | $115.7M | $2.3B | ||
| Q4 24 | $113.6M | $2.2B | ||
| Q3 24 | $130.4M | $3.0B | ||
| Q2 24 | $108.4M | $3.3B |
总债务EXPINTAP
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
股东权益EXPINTAP
| Q1 26 | — | $1.2B | ||
| Q4 25 | $242.8M | $986.0M | ||
| Q3 25 | $235.3M | $975.0M | ||
| Q2 25 | $218.4M | $1.0B | ||
| Q1 25 | $212.0M | $995.0M | ||
| Q4 24 | $204.9M | $892.0M | ||
| Q3 24 | $211.1M | $929.0M | ||
| Q2 24 | $220.3M | $1.1B |
总资产EXPINTAP
| Q1 26 | — | $10.0B | ||
| Q4 25 | $442.5M | $9.6B | ||
| Q3 25 | $458.7M | $9.7B | ||
| Q2 25 | $481.2M | $10.8B | ||
| Q1 25 | $435.8M | $9.0B | ||
| Q4 24 | $390.7M | $9.0B | ||
| Q3 24 | $432.6M | $9.3B | ||
| Q2 24 | $457.4M | $9.9B |
负债/权益比EXPINTAP
| Q1 26 | — | 2.15× | ||
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× |
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 | $317.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $271.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.8% |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 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EXPINTAP
| Q1 26 | — | $317.0M | ||
| Q4 25 | $13.8M | $127.0M | ||
| Q3 25 | $28.9M | $673.0M | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $39.8M | $385.0M | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $46.0M | $341.0M | ||
| Q2 24 | $71.1M | $613.0M |
自由现金流EXPINTAP
| Q1 26 | — | $271.0M | ||
| Q4 25 | $11.9M | $78.0M | ||
| Q3 25 | $26.6M | $620.0M | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $37.3M | $338.0M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | $300.0M | ||
| Q2 24 | $69.7M | $567.0M |
自由现金流率EXPINTAP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 1.0% | 4.6% | ||
| Q3 25 | 2.0% | 39.8% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 3.9% | 20.6% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | 19.5% | ||
| Q2 24 | 5.4% | 34.0% |
资本支出强度EXPINTAP
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.2% | 3.4% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 2.7% | ||
| Q2 24 | 0.1% | 2.8% |
现金转化率EXPINTAP
| Q1 26 | — | 0.95× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | 8.26× | 2.89× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | 5.75× | 2.11× |
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% |
NTAP
| Services | $927.0M | 54% |
| Product | $786.0M | 46% |
