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eXp World Holdings, Inc.（EXPI）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.4倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs -1.1%，领先14.3%），Rithm Capital Corp.同比增速更快（508.5% vs 8.5%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
EXPI vs RITM — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$828.2M
营收增速更快
RITM
高出499.9%
8.5%
净利率更高
RITM
高出14.3%
-1.1%
两年增速更快
EXPI
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $-12.9M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 29.9% |
| 净利率 | -1.1% | 13.2% |
| 营收同比 | 8.5% | 508.5% |
| 净利润同比 | -35.7% | 27.7% |
| 每股收益（稀释后） | $-0.08 | $0.12 |
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EXPIRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $954.9M | $768.4M | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.2B | $619.5M | ||
| Q2 24 | $1.3B | $1.2B |
净利润EXPIRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-12.9M | $85.0M | ||
| Q3 25 | $3.5M | $221.5M | ||
| Q2 25 | $-2.3M | $311.7M | ||
| Q1 25 | $-11.0M | $78.8M | ||
| Q4 24 | $-9.5M | $290.2M | ||
| Q3 24 | $-8.5M | $121.7M | ||
| Q2 24 | $12.4M | $235.6M |
毛利率EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — |
营业利润率EXPIRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | -1.1% | 13.8% | ||
| Q3 25 | 0.3% | 21.4% | ||
| Q2 25 | -0.2% | 25.2% | ||
| Q1 25 | -1.1% | 7.4% | ||
| Q4 24 | -1.0% | 23.8% | ||
| Q3 24 | -0.7% | 7.3% | ||
| Q2 24 | 1.4% | 23.6% |
净利率EXPIRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -1.1% | 5.7% | ||
| Q3 25 | 0.3% | 20.0% | ||
| Q2 25 | -0.2% | 25.6% | ||
| Q1 25 | -1.2% | 10.3% | ||
| Q4 24 | -0.9% | 14.0% | ||
| Q3 24 | -0.7% | 19.7% | ||
| Q2 24 | 1.0% | 19.2% |
每股收益（稀释后）EXPIRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.08 | $0.09 | ||
| Q3 25 | $0.02 | $0.35 | ||
| Q2 25 | $-0.01 | $0.53 | ||
| Q1 25 | $-0.07 | $0.07 | ||
| Q4 24 | $-0.06 | $0.50 | ||
| Q3 24 | $-0.06 | $0.20 | ||
| Q2 24 | $0.08 | $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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $9.1B |
| 总资产 | $442.5M | $53.4B |
| 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EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | $124.2M | $1.8B | ||
| Q3 25 | $112.8M | $1.6B | ||
| Q2 25 | $94.6M | $1.6B | ||
| Q1 25 | $115.7M | $1.5B | ||
| Q4 24 | $113.6M | $1.5B | ||
| Q3 24 | $130.4M | $1.6B | ||
| Q2 24 | $108.4M | $1.2B |
总债务EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益EXPIRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $242.8M | $8.4B | ||
| Q3 25 | $235.3M | $8.5B | ||
| Q2 25 | $218.4M | $7.9B | ||
| Q1 25 | $212.0M | $7.8B | ||
| Q4 24 | $204.9M | $7.8B | ||
| Q3 24 | $211.1M | $7.7B | ||
| Q2 24 | $220.3M | $7.3B |
总资产EXPIRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $442.5M | $53.1B | ||
| Q3 25 | $458.7M | $47.2B | ||
| Q2 25 | $481.2M | $44.3B | ||
| Q1 25 | $435.8M | $45.3B | ||
| Q4 24 | $390.7M | $46.0B | ||
| Q3 24 | $432.6M | $42.3B | ||
| Q2 24 | $457.4M | $42.0B |
负债/权益比EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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 | — | — |
| 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EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $-114.6M | ||
| Q3 25 | $28.9M | $-2.0B | ||
| Q2 25 | $36.1M | $-557.1M | ||
| Q1 25 | $39.8M | $1.4B | ||
| Q4 24 | $13.7M | $-1.8B | ||
| Q3 24 | $46.0M | $768.1M | ||
| Q2 24 | $71.1M | $-55.7M |
自由现金流EXPIRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率EXPIRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度EXPIRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率EXPIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | 8.26× | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | 5.75× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
