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eXp World Holdings, Inc.（EXPI）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是先锋自然资源公司的1.0倍（$1.2B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs -1.1%，领先30.1%），eXp World Holdings, Inc.同比增速更快（8.5% vs -9.8%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
EXPI vs PR — 直观对比
营收规模更大
EXPI
是对方的1.0倍
$1.2B
营收增速更快
EXPI
高出18.3%
-9.8%
净利率更高
PR
高出30.1%
-1.1%
两年增速更快
EXPI
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-12.9M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 23.1% |
| 净利率 | -1.1% | 29.0% |
| 营收同比 | 8.5% | -9.8% |
| 净利润同比 | -35.7% | 56.7% |
| 每股收益（稀释后） | $-0.08 | $0.48 |
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EXPIPR
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $954.9M | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $943.1M | $1.2B |
净利润EXPIPR
| Q4 25 | $-12.9M | $339.5M | ||
| Q3 25 | $3.5M | $59.2M | ||
| Q2 25 | $-2.3M | $207.1M | ||
| Q1 25 | $-11.0M | $329.3M | ||
| Q4 24 | $-9.5M | $216.7M | ||
| Q3 24 | $-8.5M | $386.4M | ||
| Q2 24 | $12.4M | $235.1M | ||
| Q1 24 | $-15.6M | $146.6M |
毛利率EXPIPR
| 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EXPIPR
| Q4 25 | -1.1% | 23.1% | ||
| Q3 25 | 0.3% | 29.6% | ||
| Q2 25 | -0.2% | 24.8% | ||
| Q1 25 | -1.1% | 36.6% | ||
| Q4 24 | -1.0% | 32.8% | ||
| Q3 24 | -0.7% | 32.5% | ||
| Q2 24 | 1.4% | 36.5% | ||
| Q1 24 | -1.9% | 37.7% |
净利率EXPIPR
| Q4 25 | -1.1% | 29.0% | ||
| Q3 25 | 0.3% | 4.5% | ||
| Q2 25 | -0.2% | 17.3% | ||
| Q1 25 | -1.2% | 23.9% | ||
| Q4 24 | -0.9% | 16.7% | ||
| Q3 24 | -0.7% | 31.8% | ||
| Q2 24 | 1.0% | 18.9% | ||
| Q1 24 | -1.7% | 11.8% |
每股收益（稀释后）EXPIPR
| Q4 25 | $-0.08 | $0.48 | ||
| Q3 25 | $0.02 | $0.08 | ||
| Q2 25 | $-0.01 | $0.28 | ||
| Q1 25 | $-0.07 | $0.44 | ||
| Q4 24 | $-0.06 | $0.31 | ||
| Q3 24 | $-0.06 | $0.53 | ||
| Q2 24 | $0.08 | $0.36 | ||
| Q1 24 | $-0.10 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $242.8M | $10.3B |
| 总资产 | $442.5M | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资EXPIPR
| Q4 25 | $124.2M | $153.7M | ||
| Q3 25 | $112.8M | $111.8M | ||
| Q2 25 | $94.6M | $451.0M | ||
| Q1 25 | $115.7M | $702.2M | ||
| Q4 24 | $113.6M | $479.3M | ||
| Q3 24 | $130.4M | $272.0M | ||
| Q2 24 | $108.4M | $47.8M | ||
| Q1 24 | $109.2M | $12.7M |
总债务EXPIPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益EXPIPR
| Q4 25 | $242.8M | $10.3B | ||
| Q3 25 | $235.3M | $10.0B | ||
| Q2 25 | $218.4M | $9.5B | ||
| Q1 25 | $212.0M | $9.4B | ||
| Q4 24 | $204.9M | $9.1B | ||
| Q3 24 | $211.1M | $9.0B | ||
| Q2 24 | $220.3M | $8.3B | ||
| Q1 24 | $222.4M | $7.0B |
总资产EXPIPR
| Q4 25 | $442.5M | $17.9B | ||
| Q3 25 | $458.7M | $17.3B | ||
| Q2 25 | $481.2M | $17.5B | ||
| Q1 25 | $435.8M | $17.1B | ||
| Q4 24 | $390.7M | $16.9B | ||
| Q3 24 | $432.6M | $16.6B | ||
| Q2 24 | $457.4M | $15.4B | ||
| Q1 24 | $426.7M | $15.1B |
负债/权益比EXPIPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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 | — | 2.66× |
| 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EXPIPR
| Q4 25 | $13.8M | $904.3M | ||
| Q3 25 | $28.9M | $766.5M | ||
| Q2 25 | $36.1M | $1.0B | ||
| Q1 25 | $39.8M | $898.0M | ||
| Q4 24 | $13.7M | $871.6M | ||
| Q3 24 | $46.0M | $954.4M | ||
| Q2 24 | $71.1M | $938.4M | ||
| Q1 24 | $60.7M | $647.6M |
自由现金流EXPIPR
| 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EXPIPR
| 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EXPIPR
| 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EXPIPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | 8.26× | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 2.47× | ||
| Q2 24 | 5.75× | 3.99× | ||
| Q1 24 | — | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
