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eXp World Holdings, Inc.（EXPI）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是eXp World Holdings, Inc.的1.8倍（$2.1B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -13.9%，领先12.8%），eXp World Holdings, Inc.同比增速更快（8.5% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
EXPI vs OC — 直观对比
营收规模更大
OC
是对方的1.8倍
$1.2B
营收增速更快
EXPI
高出33.1%
-24.6%
净利率更高
EXPI
高出12.8%
-13.9%
自由现金流更多
OC
多$321.1M
$11.9M
两年增速更快
EXPI
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $-12.9M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | -1.1% | -10.5% |
| 净利率 | -1.1% | -13.9% |
| 营收同比 | 8.5% | -24.6% |
| 净利润同比 | -35.7% | -15.5% |
| 每股收益（稀释后） | $-0.08 | $-3.47 |
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EXPIOC
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $954.9M | $2.5B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $943.1M | $2.3B |
净利润EXPIOC
| Q4 25 | $-12.9M | $-298.0M | ||
| Q3 25 | $3.5M | $-494.0M | ||
| Q2 25 | $-2.3M | $363.0M | ||
| Q1 25 | $-11.0M | $-93.0M | ||
| Q4 24 | $-9.5M | $-258.0M | ||
| Q3 24 | $-8.5M | $321.0M | ||
| Q2 24 | $12.4M | $285.0M | ||
| Q1 24 | $-15.6M | $299.0M |
毛利率EXPIOC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | 99.9% | 29.8% | ||
| Q2 24 | 99.9% | 31.1% | ||
| Q1 24 | — | 29.6% |
营业利润率EXPIOC
| Q4 25 | -1.1% | -10.5% | ||
| Q3 25 | 0.3% | -12.2% | ||
| Q2 25 | -0.2% | 18.4% | ||
| Q1 25 | -1.1% | 16.1% | ||
| Q4 24 | -1.0% | -8.5% | ||
| Q3 24 | -0.7% | 16.7% | ||
| Q2 24 | 1.4% | 16.4% | ||
| Q1 24 | -1.9% | 17.5% |
净利率EXPIOC
| Q4 25 | -1.1% | -13.9% | ||
| Q3 25 | 0.3% | -18.4% | ||
| Q2 25 | -0.2% | 13.2% | ||
| Q1 25 | -1.2% | -3.7% | ||
| Q4 24 | -0.9% | -9.1% | ||
| Q3 24 | -0.7% | 10.5% | ||
| Q2 24 | 1.0% | 10.2% | ||
| Q1 24 | -1.7% | 13.0% |
每股收益（稀释后）EXPIOC
| Q4 25 | $-0.08 | $-3.47 | ||
| Q3 25 | $0.02 | $-5.92 | ||
| Q2 25 | $-0.01 | $4.25 | ||
| Q1 25 | $-0.07 | $-1.08 | ||
| Q4 24 | $-0.06 | $-2.92 | ||
| Q3 24 | $-0.06 | $3.65 | ||
| Q2 24 | $0.08 | $3.24 | ||
| Q1 24 | $-0.10 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $242.8M | $3.9B |
| 总资产 | $442.5M | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资EXPIOC
| Q4 25 | $124.2M | $345.0M | ||
| Q3 25 | $112.8M | $286.0M | ||
| Q2 25 | $94.6M | $230.0M | ||
| Q1 25 | $115.7M | $400.0M | ||
| Q4 24 | $113.6M | $361.0M | ||
| Q3 24 | $130.4M | $499.0M | ||
| Q2 24 | $108.4M | $254.0M | ||
| Q1 24 | $109.2M | $1.3B |
总债务EXPIOC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益EXPIOC
| Q4 25 | $242.8M | $3.9B | ||
| Q3 25 | $235.3M | $4.4B | ||
| Q2 25 | $218.4M | $5.2B | ||
| Q1 25 | $212.0M | $4.9B | ||
| Q4 24 | $204.9M | $5.1B | ||
| Q3 24 | $211.1M | $5.6B | ||
| Q2 24 | $220.3M | $5.5B | ||
| Q1 24 | $222.4M | $5.2B |
总资产EXPIOC
| Q4 25 | $442.5M | $13.0B | ||
| Q3 25 | $458.7M | $13.5B | ||
| Q2 25 | $481.2M | $14.5B | ||
| Q1 25 | $435.8M | $14.3B | ||
| Q4 24 | $390.7M | $14.1B | ||
| Q3 24 | $432.6M | $15.1B | ||
| Q2 24 | $457.4M | $15.0B | ||
| Q1 24 | $426.7M | $11.3B |
负债/权益比EXPIOC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $333.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.5% |
| 资本支出强度资本支出/营收 | 0.2% | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流EXPIOC
| Q4 25 | $13.8M | $590.0M | ||
| Q3 25 | $28.9M | $918.0M | ||
| Q2 25 | $36.1M | $327.0M | ||
| Q1 25 | $39.8M | $-49.0M | ||
| Q4 24 | $13.7M | $676.0M | ||
| Q3 24 | $46.0M | $699.0M | ||
| Q2 24 | $71.1M | $493.0M | ||
| Q1 24 | $60.7M | $24.0M |
自由现金流EXPIOC
| Q4 25 | $11.9M | $333.0M | ||
| Q3 25 | $26.6M | $752.0M | ||
| Q2 25 | $33.3M | $129.0M | ||
| Q1 25 | $37.3M | $-252.0M | ||
| Q4 24 | $11.6M | $479.0M | ||
| Q3 24 | $44.4M | $558.0M | ||
| Q2 24 | $69.7M | $336.0M | ||
| Q1 24 | $59.3M | $-128.0M |
自由现金流率EXPIOC
| Q4 25 | 1.0% | 15.5% | ||
| Q3 25 | 2.0% | 28.0% | ||
| Q2 25 | 2.5% | 4.7% | ||
| Q1 25 | 3.9% | -10.0% | ||
| Q4 24 | 1.1% | 16.9% | ||
| Q3 24 | 3.6% | 18.3% | ||
| Q2 24 | 5.4% | 12.0% | ||
| Q1 24 | 6.3% | -5.6% |
资本支出强度EXPIOC
| Q4 25 | 0.2% | 12.0% | ||
| Q3 25 | 0.2% | 6.2% | ||
| Q2 25 | 0.2% | 7.2% | ||
| Q1 25 | 0.3% | 8.0% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.1% | 4.6% | ||
| Q2 24 | 0.1% | 5.6% | ||
| Q1 24 | 0.1% | 6.6% |
现金转化率EXPIOC
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 5.75× | 1.73× | ||
| Q1 24 | — | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
