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eXp World Holdings, Inc.（EXPI）与PINTEREST, INC.（PINS）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是eXp World Holdings, Inc.的1.1倍（$1.3B vs $1.2B），PINTEREST, INC.净利率更高（21.0% vs -1.1%，领先22.1%），PINTEREST, INC.同比增速更快（14.3% vs 8.5%），PINTEREST, INC.自由现金流更多（$380.4M vs $11.9M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 12.4%）
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。
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
EXPI vs PINS — 直观对比
营收规模更大
PINS
是对方的1.1倍
$1.2B
营收增速更快
PINS
高出5.8%
8.5%
净利率更高
PINS
高出22.1%
-1.1%
自由现金流更多
PINS
多$368.5M
$11.9M
两年增速更快
PINS
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-12.9M | $277.1M |
| 毛利率 | — | 82.8% |
| 营业利润率 | -1.1% | 22.8% |
| 净利率 | -1.1% | 21.0% |
| 营收同比 | 8.5% | 14.3% |
| 净利润同比 | -35.7% | -85.0% |
| 每股收益（稀释后） | $-0.08 | $0.41 |
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EXPIPINS
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $998.2M | ||
| Q1 25 | $954.9M | $855.0M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $898.4M | ||
| Q2 24 | $1.3B | $853.7M | ||
| Q1 24 | $943.1M | $740.0M |
净利润EXPIPINS
| Q4 25 | $-12.9M | $277.1M | ||
| Q3 25 | $3.5M | $92.1M | ||
| Q2 25 | $-2.3M | $38.8M | ||
| Q1 25 | $-11.0M | $8.9M | ||
| Q4 24 | $-9.5M | $1.8B | ||
| Q3 24 | $-8.5M | $30.6M | ||
| Q2 24 | $12.4M | $8.9M | ||
| Q1 24 | $-15.6M | $-24.8M |
毛利率EXPIPINS
| Q4 25 | — | 82.8% | ||
| Q3 25 | — | 79.8% | ||
| Q2 25 | — | 79.7% | ||
| Q1 25 | — | 76.7% | ||
| Q4 24 | — | 82.9% | ||
| Q3 24 | 99.9% | 79.1% | ||
| Q2 24 | 99.9% | 78.3% | ||
| Q1 24 | — | 75.5% |
营业利润率EXPIPINS
| Q4 25 | -1.1% | 22.8% | ||
| Q3 25 | 0.3% | 5.6% | ||
| Q2 25 | -0.2% | -0.4% | ||
| Q1 25 | -1.1% | -4.1% | ||
| Q4 24 | -1.0% | 22.7% | ||
| Q3 24 | -0.7% | -0.7% | ||
| Q2 24 | 1.4% | -2.5% | ||
| Q1 24 | -1.9% | -7.4% |
净利率EXPIPINS
| Q4 25 | -1.1% | 21.0% | ||
| Q3 25 | 0.3% | 8.8% | ||
| Q2 25 | -0.2% | 3.9% | ||
| Q1 25 | -1.2% | 1.0% | ||
| Q4 24 | -0.9% | 160.1% | ||
| Q3 24 | -0.7% | 3.4% | ||
| Q2 24 | 1.0% | 1.0% | ||
| Q1 24 | -1.7% | -3.4% |
每股收益（稀释后）EXPIPINS
| Q4 25 | $-0.08 | $0.41 | ||
| Q3 25 | $0.02 | $0.13 | ||
| Q2 25 | $-0.01 | $0.06 | ||
| Q1 25 | $-0.07 | $0.01 | ||
| Q4 24 | $-0.06 | $2.66 | ||
| Q3 24 | $-0.06 | $0.04 | ||
| Q2 24 | $0.08 | $0.01 | ||
| Q1 24 | $-0.10 | $-0.04 |
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 | $969.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $4.7B |
| 总资产 | $442.5M | $5.5B |
| 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EXPIPINS
| Q4 25 | $124.2M | $969.3M | ||
| Q3 25 | $112.8M | $1.1B | ||
| Q2 25 | $94.6M | $1.2B | ||
| Q1 25 | $115.7M | $1.3B | ||
| Q4 24 | $113.6M | $1.1B | ||
| Q3 24 | $130.4M | $1.0B | ||
| Q2 24 | $108.4M | $1.4B | ||
| Q1 24 | $109.2M | $1.6B |
股东权益EXPIPINS
| Q4 25 | $242.8M | $4.7B | ||
| Q3 25 | $235.3M | $4.8B | ||
| Q2 25 | $218.4M | $4.8B | ||
| Q1 25 | $212.0M | $4.7B | ||
| Q4 24 | $204.9M | $4.8B | ||
| Q3 24 | $211.1M | $2.9B | ||
| Q2 24 | $220.3M | $3.2B | ||
| Q1 24 | $222.4M | $3.1B |
总资产EXPIPINS
| Q4 25 | $442.5M | $5.5B | ||
| Q3 25 | $458.7M | $5.5B | ||
| Q2 25 | $481.2M | $5.4B | ||
| Q1 25 | $435.8M | $5.3B | ||
| Q4 24 | $390.7M | $5.3B | ||
| Q3 24 | $432.6M | $3.5B | ||
| Q2 24 | $457.4M | $3.7B | ||
| Q1 24 | $426.7M | $3.7B |
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 | $391.2M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $380.4M |
| 自由现金流率自由现金流/营收 | 1.0% | 28.8% |
| 资本支出强度资本支出/营收 | 0.2% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流EXPIPINS
| Q4 25 | $13.8M | $391.2M | ||
| Q3 25 | $28.9M | $321.7M | ||
| Q2 25 | $36.1M | $207.7M | ||
| Q1 25 | $39.8M | $363.7M | ||
| Q4 24 | $13.7M | $254.0M | ||
| Q3 24 | $46.0M | $248.0M | ||
| Q2 24 | $71.1M | $106.4M | ||
| Q1 24 | $60.7M | $356.1M |
自由现金流EXPIPINS
| Q4 25 | $11.9M | $380.4M | ||
| Q3 25 | $26.6M | $318.4M | ||
| Q2 25 | $33.3M | $196.7M | ||
| Q1 25 | $37.3M | $356.4M | ||
| Q4 24 | $11.6M | $250.2M | ||
| Q3 24 | $44.4M | $244.1M | ||
| Q2 24 | $69.7M | $101.6M | ||
| Q1 24 | $59.3M | $344.0M |
自由现金流率EXPIPINS
| Q4 25 | 1.0% | 28.8% | ||
| Q3 25 | 2.0% | 30.3% | ||
| Q2 25 | 2.5% | 19.7% | ||
| Q1 25 | 3.9% | 41.7% | ||
| Q4 24 | 1.1% | 21.7% | ||
| Q3 24 | 3.6% | 27.2% | ||
| Q2 24 | 5.4% | 11.9% | ||
| Q1 24 | 6.3% | 46.5% |
资本支出强度EXPIPINS
| Q4 25 | 0.2% | 0.8% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 0.9% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.1% | 0.6% | ||
| Q1 24 | 0.1% | 1.6% |
现金转化率EXPIPINS
| Q4 25 | — | 1.41× | ||
| Q3 25 | 8.26× | 3.49× | ||
| Q2 25 | — | 5.36× | ||
| Q1 25 | — | 40.77× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 8.12× | ||
| Q2 24 | 5.75× | 11.98× | ||
| Q1 24 | — | — |
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% |
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
