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eXp World Holdings, Inc.（EXPI）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是eXp World Holdings, Inc.的1.2倍（$1.4B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -22.3%，领先21.2%），罗布乐思同比增速更快（43.2% vs 8.5%），罗布乐思自由现金流更多（$308.6M vs $11.9M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
EXPI vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出34.7%
8.5%
净利率更高
EXPI
高出21.2%
-22.3%
自由现金流更多
RBLX
多$296.7M
$11.9M
两年增速更快
RBLX
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-12.9M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | -1.1% | -25.3% |
| 净利率 | -1.1% | -22.3% |
| 营收同比 | 8.5% | 43.2% |
| 净利润同比 | -35.7% | -43.9% |
| 每股收益（稀释后） | $-0.08 | $-0.44 |
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EXPIRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $954.9M | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.2B | $919.0M | ||
| Q2 24 | $1.3B | $893.5M | ||
| Q1 24 | $943.1M | $801.3M |
净利润EXPIRBLX
| Q4 25 | $-12.9M | $-316.0M | ||
| Q3 25 | $3.5M | $-255.6M | ||
| Q2 25 | $-2.3M | $-278.4M | ||
| Q1 25 | $-11.0M | $-215.1M | ||
| Q4 24 | $-9.5M | $-219.6M | ||
| Q3 24 | $-8.5M | $-239.3M | ||
| Q2 24 | $12.4M | $-205.9M | ||
| Q1 24 | $-15.6M | $-270.6M |
毛利率EXPIRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | 99.9% | 77.7% | ||
| Q2 24 | 99.9% | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率EXPIRBLX
| Q4 25 | -1.1% | -25.3% | ||
| Q3 25 | 0.3% | -21.8% | ||
| Q2 25 | -0.2% | -29.8% | ||
| Q1 25 | -1.1% | -24.6% | ||
| Q4 24 | -1.0% | -24.7% | ||
| Q3 24 | -0.7% | -30.4% | ||
| Q2 24 | 1.4% | -26.6% | ||
| Q1 24 | -1.9% | -37.7% |
净利率EXPIRBLX
| Q4 25 | -1.1% | -22.3% | ||
| Q3 25 | 0.3% | -18.8% | ||
| Q2 25 | -0.2% | -25.8% | ||
| Q1 25 | -1.2% | -20.8% | ||
| Q4 24 | -0.9% | -22.2% | ||
| Q3 24 | -0.7% | -26.0% | ||
| Q2 24 | 1.0% | -23.0% | ||
| Q1 24 | -1.7% | -33.8% |
每股收益（稀释后）EXPIRBLX
| Q4 25 | $-0.08 | $-0.44 | ||
| Q3 25 | $0.02 | $-0.37 | ||
| Q2 25 | $-0.01 | $-0.41 | ||
| Q1 25 | $-0.07 | $-0.32 | ||
| Q4 24 | $-0.06 | $-0.32 | ||
| Q3 24 | $-0.06 | $-0.37 | ||
| Q2 24 | $0.08 | $-0.32 | ||
| Q1 24 | $-0.10 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $242.8M | $394.5M |
| 总资产 | $442.5M | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资EXPIRBLX
| Q4 25 | $124.2M | $3.1B | ||
| Q3 25 | $112.8M | $2.9B | ||
| Q2 25 | $94.6M | $2.6B | ||
| Q1 25 | $115.7M | $2.7B | ||
| Q4 24 | $113.6M | $2.4B | ||
| Q3 24 | $130.4M | $2.3B | ||
| Q2 24 | $108.4M | $2.4B | ||
| Q1 24 | $109.2M | $2.4B |
总债务EXPIRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXPIRBLX
| Q4 25 | $242.8M | $394.5M | ||
| Q3 25 | $235.3M | $407.6M | ||
| Q2 25 | $218.4M | $353.2M | ||
| Q1 25 | $212.0M | $310.7M | ||
| Q4 24 | $204.9M | $221.4M | ||
| Q3 24 | $211.1M | $189.9M | ||
| Q2 24 | $220.3M | $121.5M | ||
| Q1 24 | $222.4M | $71.6M |
总资产EXPIRBLX
| Q4 25 | $442.5M | $9.6B | ||
| Q3 25 | $458.7M | $8.6B | ||
| Q2 25 | $481.2M | $7.8B | ||
| Q1 25 | $435.8M | $7.5B | ||
| Q4 24 | $390.7M | $7.2B | ||
| Q3 24 | $432.6M | $6.7B | ||
| Q2 24 | $457.4M | $6.5B | ||
| Q1 24 | $426.7M | $6.3B |
负债/权益比EXPIRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $308.6M |
| 自由现金流率自由现金流/营收 | 1.0% | 21.8% |
| 资本支出强度资本支出/营收 | 0.2% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流EXPIRBLX
| Q4 25 | $13.8M | $607.0M | ||
| Q3 25 | $28.9M | $546.2M | ||
| Q2 25 | $36.1M | $199.3M | ||
| Q1 25 | $39.8M | $443.9M | ||
| Q4 24 | $13.7M | $184.5M | ||
| Q3 24 | $46.0M | $247.4M | ||
| Q2 24 | $71.1M | $151.4M | ||
| Q1 24 | $60.7M | $238.9M |
自由现金流EXPIRBLX
| Q4 25 | $11.9M | $308.6M | ||
| Q3 25 | $26.6M | $443.6M | ||
| Q2 25 | $33.3M | $176.7M | ||
| Q1 25 | $37.3M | $426.5M | ||
| Q4 24 | $11.6M | $120.6M | ||
| Q3 24 | $44.4M | $218.0M | ||
| Q2 24 | $69.7M | $111.7M | ||
| Q1 24 | $59.3M | $192.3M |
自由现金流率EXPIRBLX
| Q4 25 | 1.0% | 21.8% | ||
| Q3 25 | 2.0% | 32.6% | ||
| Q2 25 | 2.5% | 16.3% | ||
| Q1 25 | 3.9% | 41.2% | ||
| Q4 24 | 1.1% | 12.2% | ||
| Q3 24 | 3.6% | 23.7% | ||
| Q2 24 | 5.4% | 12.5% | ||
| Q1 24 | 6.3% | 24.0% |
资本支出强度EXPIRBLX
| Q4 25 | 0.2% | 21.1% | ||
| Q3 25 | 0.2% | 7.5% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.2% | 6.5% | ||
| Q3 24 | 0.1% | 3.2% | ||
| Q2 24 | 0.1% | 4.4% | ||
| Q1 24 | 0.1% | 5.8% |
现金转化率EXPIRBLX
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| 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% |
RBLX
暂无分部数据
