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eXp World Holdings, Inc.（EXPI）与EPLUS INC（PLUS）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EPLUS INC的1.9倍（$1.2B vs $614.8M），EPLUS INC净利率更高（5.7% vs -1.1%，领先6.8%），EPLUS INC同比增速更快（20.3% vs 8.5%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
EXPI vs PLUS — 直观对比
营收规模更大
EXPI
是对方的1.9倍
$614.8M
营收增速更快
PLUS
高出11.8%
8.5%
净利率更高
PLUS
高出6.8%
-1.1%
两年增速更快
EXPI
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $614.8M |
| 净利润 | $-12.9M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | -1.1% | 7.1% |
| 净利率 | -1.1% | 5.7% |
| 营收同比 | 8.5% | 20.3% |
| 净利润同比 | -35.7% | 45.2% |
| 每股收益（稀释后） | $-0.08 | $1.33 |
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EXPIPLUS
| Q4 25 | $1.2B | $614.8M | ||
| Q3 25 | $1.3B | $608.8M | ||
| Q2 25 | $1.3B | $637.3M | ||
| Q1 25 | $954.9M | — | ||
| Q4 24 | $1.1B | $493.2M | ||
| Q3 24 | $1.2B | $493.4M | ||
| Q2 24 | $1.3B | $535.7M | ||
| Q1 24 | $943.1M | — |
净利润EXPIPLUS
| Q4 25 | $-12.9M | $35.1M | ||
| Q3 25 | $3.5M | $34.9M | ||
| Q2 25 | $-2.3M | $37.7M | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | $-9.5M | $24.1M | ||
| Q3 24 | $-8.5M | $31.3M | ||
| Q2 24 | $12.4M | $27.3M | ||
| Q1 24 | $-15.6M | — |
毛利率EXPIPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 99.9% | 25.8% | ||
| Q2 24 | 99.9% | 23.7% | ||
| Q1 24 | — | — |
营业利润率EXPIPLUS
| Q4 25 | -1.1% | 7.1% | ||
| Q3 25 | 0.3% | 8.0% | ||
| Q2 25 | -0.2% | 5.7% | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.0% | 3.3% | ||
| Q3 24 | -0.7% | 5.5% | ||
| Q2 24 | 1.4% | 5.9% | ||
| Q1 24 | -1.9% | — |
净利率EXPIPLUS
| Q4 25 | -1.1% | 5.7% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | -0.2% | 5.9% | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | -0.9% | 4.9% | ||
| Q3 24 | -0.7% | 6.3% | ||
| Q2 24 | 1.0% | 5.1% | ||
| Q1 24 | -1.7% | — |
每股收益（稀释后）EXPIPLUS
| Q4 25 | $-0.08 | $1.33 | ||
| Q3 25 | $0.02 | $1.32 | ||
| Q2 25 | $-0.01 | $1.43 | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.06 | $0.91 | ||
| Q3 24 | $-0.06 | $1.17 | ||
| Q2 24 | $0.08 | $1.02 | ||
| Q1 24 | $-0.10 | — |
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 | $326.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $1.1B |
| 总资产 | $442.5M | $1.8B |
| 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EXPIPLUS
| Q4 25 | $124.2M | $326.3M | ||
| Q3 25 | $112.8M | $402.2M | ||
| Q2 25 | $94.6M | $480.2M | ||
| Q1 25 | $115.7M | — | ||
| Q4 24 | $113.6M | $253.1M | ||
| Q3 24 | $130.4M | $187.5M | ||
| Q2 24 | $108.4M | $349.9M | ||
| Q1 24 | $109.2M | — |
股东权益EXPIPLUS
| Q4 25 | $242.8M | $1.1B | ||
| Q3 25 | $235.3M | $1.0B | ||
| Q2 25 | $218.4M | $1.0B | ||
| Q1 25 | $212.0M | — | ||
| Q4 24 | $204.9M | $962.3M | ||
| Q3 24 | $211.1M | $947.0M | ||
| Q2 24 | $220.3M | $921.9M | ||
| Q1 24 | $222.4M | — |
总资产EXPIPLUS
| Q4 25 | $442.5M | $1.8B | ||
| Q3 25 | $458.7M | $1.8B | ||
| Q2 25 | $481.2M | $1.8B | ||
| Q1 25 | $435.8M | — | ||
| Q4 24 | $390.7M | $1.8B | ||
| Q3 24 | $432.6M | $1.7B | ||
| Q2 24 | $457.4M | $1.7B | ||
| Q1 24 | $426.7M | — |
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 | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | — |
| 自由现金流率自由现金流/营收 | 1.0% | — |
| 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 | — | -2.49× |
| 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EXPIPLUS
| Q4 25 | $13.8M | $-87.4M | ||
| Q3 25 | $28.9M | $-34.8M | ||
| Q2 25 | $36.1M | $-99.0M | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $13.7M | $65.7M | ||
| Q3 24 | $46.0M | $-21.6M | ||
| Q2 24 | $71.1M | $97.1M | ||
| Q1 24 | $60.7M | — |
自由现金流EXPIPLUS
| 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 | — | ||
| Q1 24 | $59.3M | — |
自由现金流率EXPIPLUS
| 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% | — | ||
| Q1 24 | 6.3% | — |
资本支出强度EXPIPLUS
| 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% | — | ||
| Q1 24 | 0.1% | — |
现金转化率EXPIPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | 8.26× | -1.00× | ||
| Q2 25 | — | -2.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.72× | ||
| Q3 24 | — | -0.69× | ||
| Q2 24 | 5.75× | 3.55× | ||
| 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% |
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
