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eXp World Holdings, Inc.（EXPI）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是eXp World Holdings, Inc.的2.0倍（$2.3B vs $1.2B），PPL Corporation净利率更高（11.3% vs -1.1%，领先12.4%），eXp World Holdings, Inc.同比增速更快（8.5% vs 7.2%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-614.0M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
EXPI vs PPL — 直观对比
营收规模更大
PPL
是对方的2.0倍
$1.2B
营收增速更快
EXPI
高出1.3%
7.2%
净利率更高
PPL
高出12.4%
-1.1%
自由现金流更多
EXPI
多$625.9M
$-614.0M
两年增速更快
EXPI
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.3B |
| 净利润 | $-12.9M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 20.3% |
| 净利率 | -1.1% | 11.3% |
| 营收同比 | 8.5% | 7.2% |
| 净利润同比 | -35.7% | 50.3% |
| 每股收益（稀释后） | $-0.08 | $0.35 |
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EXPIPPL
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $954.9M | $2.5B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $943.1M | $2.3B |
净利润EXPIPPL
| Q4 25 | $-12.9M | $266.0M | ||
| Q3 25 | $3.5M | $318.0M | ||
| Q2 25 | $-2.3M | $183.0M | ||
| Q1 25 | $-11.0M | $414.0M | ||
| Q4 24 | $-9.5M | $177.0M | ||
| Q3 24 | $-8.5M | $214.0M | ||
| Q2 24 | $12.4M | $190.0M | ||
| Q1 24 | $-15.6M | $307.0M |
毛利率EXPIPPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
营业利润率EXPIPPL
| Q4 25 | -1.1% | 20.3% | ||
| Q3 25 | 0.3% | 25.4% | ||
| Q2 25 | -0.2% | 19.9% | ||
| Q1 25 | -1.1% | 26.6% | ||
| Q4 24 | -1.0% | 17.2% | ||
| Q3 24 | -0.7% | 20.6% | ||
| Q2 24 | 1.4% | 20.8% | ||
| Q1 24 | -1.9% | 23.7% |
净利率EXPIPPL
| Q4 25 | -1.1% | 11.3% | ||
| Q3 25 | 0.3% | 14.2% | ||
| Q2 25 | -0.2% | 9.0% | ||
| Q1 25 | -1.2% | 16.3% | ||
| Q4 24 | -0.9% | 8.1% | ||
| Q3 24 | -0.7% | 10.3% | ||
| Q2 24 | 1.0% | 10.1% | ||
| Q1 24 | -1.7% | 13.3% |
每股收益（稀释后）EXPIPPL
| Q4 25 | $-0.08 | $0.35 | ||
| Q3 25 | $0.02 | $0.43 | ||
| Q2 25 | $-0.01 | $0.25 | ||
| Q1 25 | $-0.07 | $0.56 | ||
| Q4 24 | $-0.06 | $0.23 | ||
| Q3 24 | $-0.06 | $0.29 | ||
| Q2 24 | $0.08 | $0.26 | ||
| Q1 24 | $-0.10 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $242.8M | $14.9B |
| 总资产 | $442.5M | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资EXPIPPL
| Q4 25 | $124.2M | $1.1B | ||
| Q3 25 | $112.8M | $1.1B | ||
| Q2 25 | $94.6M | $294.0M | ||
| Q1 25 | $115.7M | $312.0M | ||
| Q4 24 | $113.6M | $306.0M | ||
| Q3 24 | $130.4M | $542.0M | ||
| Q2 24 | $108.4M | $282.0M | ||
| Q1 24 | $109.2M | $276.0M |
总债务EXPIPPL
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXPIPPL
| Q4 25 | $242.8M | $14.9B | ||
| Q3 25 | $235.3M | $14.4B | ||
| Q2 25 | $218.4M | $14.3B | ||
| Q1 25 | $212.0M | $14.3B | ||
| Q4 24 | $204.9M | $14.1B | ||
| Q3 24 | $211.1M | $14.1B | ||
| Q2 24 | $220.3M | $14.1B | ||
| Q1 24 | $222.4M | $14.1B |
总资产EXPIPPL
| Q4 25 | $442.5M | $45.2B | ||
| Q3 25 | $458.7M | $43.9B | ||
| Q2 25 | $481.2M | $42.4B | ||
| Q1 25 | $435.8M | $41.8B | ||
| Q4 24 | $390.7M | $41.1B | ||
| Q3 24 | $432.6M | $40.5B | ||
| Q2 24 | $457.4M | $39.8B | ||
| Q1 24 | $426.7M | $39.6B |
负债/权益比EXPIPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-614.0M |
| 自由现金流率自由现金流/营收 | 1.0% | -26.1% |
| 资本支出强度资本支出/营收 | 0.2% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流EXPIPPL
| Q4 25 | $13.8M | $548.0M | ||
| Q3 25 | $28.9M | $966.0M | ||
| Q2 25 | $36.1M | $602.0M | ||
| Q1 25 | $39.8M | $513.0M | ||
| Q4 24 | $13.7M | $511.0M | ||
| Q3 24 | $46.0M | $781.0M | ||
| Q2 24 | $71.1M | $766.0M | ||
| Q1 24 | $60.7M | $282.0M |
自由现金流EXPIPPL
| Q4 25 | $11.9M | $-614.0M | ||
| Q3 25 | $26.6M | $-179.0M | ||
| Q2 25 | $33.3M | $-328.0M | ||
| Q1 25 | $37.3M | $-280.0M | ||
| Q4 24 | $11.6M | $-349.0M | ||
| Q3 24 | $44.4M | $102.0M | ||
| Q2 24 | $69.7M | $96.0M | ||
| Q1 24 | $59.3M | $-314.0M |
自由现金流率EXPIPPL
| Q4 25 | 1.0% | -26.1% | ||
| Q3 25 | 2.0% | -8.0% | ||
| Q2 25 | 2.5% | -16.1% | ||
| Q1 25 | 3.9% | -11.0% | ||
| Q4 24 | 1.1% | -15.9% | ||
| Q3 24 | 3.6% | 4.9% | ||
| Q2 24 | 5.4% | 5.1% | ||
| Q1 24 | 6.3% | -13.6% |
资本支出强度EXPIPPL
| Q4 25 | 0.2% | 49.5% | ||
| Q3 25 | 0.2% | 51.2% | ||
| Q2 25 | 0.2% | 45.6% | ||
| Q1 25 | 0.3% | 31.2% | ||
| Q4 24 | 0.2% | 39.3% | ||
| Q3 24 | 0.1% | 32.7% | ||
| Q2 24 | 0.1% | 35.8% | ||
| Q1 24 | 0.1% | 25.9% |
现金转化率EXPIPPL
| Q4 25 | — | 2.06× | ||
| Q3 25 | 8.26× | 3.04× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 5.75× | 4.03× | ||
| Q1 24 | — | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
