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eXp World Holdings, Inc.（EXPI）与PELOTON INTERACTIVE, INC.（PTON）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PELOTON INTERACTIVE, INC.的1.8倍（$1.2B vs $656.5M），eXp World Holdings, Inc.净利率更高（-1.1% vs -5.9%，领先4.8%），eXp World Holdings, Inc.同比增速更快（8.5% vs -2.6%），PELOTON INTERACTIVE, INC.自由现金流更多（$71.0M vs $11.9M）
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。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
EXPI vs PTON — 直观对比
营收规模更大
EXPI
是对方的1.8倍
$656.5M
营收增速更快
EXPI
高出11.1%
-2.6%
净利率更高
EXPI
高出4.8%
-5.9%
自由现金流更多
PTON
多$59.1M
$11.9M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $656.5M |
| 净利润 | $-12.9M | $-38.8M |
| 毛利率 | — | 50.5% |
| 营业利润率 | -1.1% | -2.2% |
| 净利率 | -1.1% | -5.9% |
| 营收同比 | 8.5% | -2.6% |
| 净利润同比 | -35.7% | 57.8% |
| 每股收益（稀释后） | $-0.08 | $-0.09 |
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EXPIPTON
| Q4 25 | $1.2B | $656.5M | ||
| Q3 25 | $1.3B | $550.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $954.9M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $943.1M | — |
净利润EXPIPTON
| Q4 25 | $-12.9M | $-38.8M | ||
| Q3 25 | $3.5M | $13.9M | ||
| Q2 25 | $-2.3M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | $-9.5M | — | ||
| Q3 24 | $-8.5M | — | ||
| Q2 24 | $12.4M | — | ||
| Q1 24 | $-15.6M | — |
毛利率EXPIPTON
| Q4 25 | — | 50.5% | ||
| Q3 25 | — | 51.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
营业利润率EXPIPTON
| Q4 25 | -1.1% | -2.2% | ||
| Q3 25 | 0.3% | 7.5% | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -1.9% | — |
净利率EXPIPTON
| Q4 25 | -1.1% | -5.9% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -1.7% | — |
每股收益（稀释后）EXPIPTON
| Q4 25 | $-0.08 | $-0.09 | ||
| Q3 25 | $0.02 | $0.03 | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $0.08 | — | ||
| 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 | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $242.8M | $-326.7M |
| 总资产 | $442.5M | $2.2B |
| 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EXPIPTON
| Q4 25 | $124.2M | $1.2B | ||
| Q3 25 | $112.8M | $1.1B | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $115.7M | — | ||
| Q4 24 | $113.6M | — | ||
| Q3 24 | $130.4M | — | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | $109.2M | — |
总债务EXPIPTON
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXPIPTON
| Q4 25 | $242.8M | $-326.7M | ||
| Q3 25 | $235.3M | $-347.0M | ||
| Q2 25 | $218.4M | — | ||
| Q1 25 | $212.0M | — | ||
| Q4 24 | $204.9M | — | ||
| Q3 24 | $211.1M | — | ||
| Q2 24 | $220.3M | — | ||
| Q1 24 | $222.4M | — |
总资产EXPIPTON
| Q4 25 | $442.5M | $2.2B | ||
| Q3 25 | $458.7M | $2.2B | ||
| Q2 25 | $481.2M | — | ||
| Q1 25 | $435.8M | — | ||
| Q4 24 | $390.7M | — | ||
| Q3 24 | $432.6M | — | ||
| Q2 24 | $457.4M | — | ||
| 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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $71.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 10.8% |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流EXPIPTON
| Q4 25 | $13.8M | $71.9M | ||
| Q3 25 | $28.9M | $71.9M | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $71.1M | — | ||
| Q1 24 | $60.7M | — |
自由现金流EXPIPTON
| Q4 25 | $11.9M | $71.0M | ||
| Q3 25 | $26.6M | $67.4M | ||
| 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EXPIPTON
| Q4 25 | 1.0% | 10.8% | ||
| Q3 25 | 2.0% | 12.2% | ||
| 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EXPIPTON
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.2% | 0.8% | ||
| 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EXPIPTON
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | 5.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| 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% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
