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eXp World Holdings, Inc.（EXPI）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是eXp World Holdings, Inc.的1.1倍（$1.3B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -63.1%，领先62.0%），eXp World Holdings, Inc.同比增速更快（8.5% vs -25.8%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-1.1B），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
EXPI vs RIVN — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $-12.9M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | -1.1% | -64.8% |
| 净利率 | -1.1% | -63.1% |
| 营收同比 | 8.5% | -25.8% |
| 净利润同比 | -35.7% | -9.0% |
| 每股收益（稀释后） | $-0.08 | $-0.66 |
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
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $954.9M | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $874.0M | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $943.1M | $1.2B |
| Q4 25 | $-12.9M | $-811.0M | ||
| Q3 25 | $3.5M | $-1.2B | ||
| Q2 25 | $-2.3M | $-1.1B | ||
| Q1 25 | $-11.0M | $-545.0M | ||
| Q4 24 | $-9.5M | $-744.0M | ||
| Q3 24 | $-8.5M | $-1.1B | ||
| Q2 24 | $12.4M | $-1.5B | ||
| Q1 24 | $-15.6M | $-1.4B |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | 99.9% | -44.9% | ||
| Q2 24 | 99.9% | -38.9% | ||
| Q1 24 | — | -43.8% |
| Q4 25 | -1.1% | -64.8% | ||
| Q3 25 | 0.3% | -63.1% | ||
| Q2 25 | -0.2% | -85.5% | ||
| Q1 25 | -1.1% | -52.8% | ||
| Q4 24 | -1.0% | -38.1% | ||
| Q3 24 | -0.7% | -133.8% | ||
| Q2 24 | 1.4% | -118.7% | ||
| Q1 24 | -1.9% | -123.3% |
| Q4 25 | -1.1% | -63.1% | ||
| Q3 25 | 0.3% | -75.3% | ||
| Q2 25 | -0.2% | -85.7% | ||
| Q1 25 | -1.2% | -44.0% | ||
| Q4 24 | -0.9% | -42.9% | ||
| Q3 24 | -0.7% | -125.9% | ||
| Q2 24 | 1.0% | -125.8% | ||
| Q1 24 | -1.7% | -120.1% |
| Q4 25 | $-0.08 | $-0.66 | ||
| Q3 25 | $0.02 | $-0.96 | ||
| Q2 25 | $-0.01 | $-0.97 | ||
| Q1 25 | $-0.07 | $-0.48 | ||
| Q4 24 | $-0.06 | $-0.67 | ||
| Q3 24 | $-0.06 | $-1.08 | ||
| Q2 24 | $0.08 | $-1.46 | ||
| Q1 24 | $-0.10 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $4.6B |
| 总资产 | $442.5M | $14.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $124.2M | $6.1B | ||
| Q3 25 | $112.8M | $7.1B | ||
| Q2 25 | $94.6M | $7.5B | ||
| Q1 25 | $115.7M | $7.2B | ||
| Q4 24 | $113.6M | $7.7B | ||
| Q3 24 | $130.4M | $6.7B | ||
| Q2 24 | $108.4M | $7.9B | ||
| Q1 24 | $109.2M | $7.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $242.8M | $4.6B | ||
| Q3 25 | $235.3M | $5.1B | ||
| Q2 25 | $218.4M | $6.1B | ||
| Q1 25 | $212.0M | $6.2B | ||
| Q4 24 | $204.9M | $6.6B | ||
| Q3 24 | $211.1M | $5.9B | ||
| Q2 24 | $220.3M | $6.8B | ||
| Q1 24 | $222.4M | $8.1B |
| Q4 25 | $442.5M | $14.9B | ||
| Q3 25 | $458.7M | $15.2B | ||
| Q2 25 | $481.2M | $15.6B | ||
| Q1 25 | $435.8M | $15.5B | ||
| Q4 24 | $390.7M | $15.4B | ||
| Q3 24 | $432.6M | $14.3B | ||
| Q2 24 | $457.4M | $15.4B | ||
| Q1 24 | $426.7M | $15.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-1.1B |
| 自由现金流率自由现金流/营收 | 1.0% | -89.0% |
| 资本支出强度资本支出/营收 | 0.2% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $-681.0M | ||
| Q3 25 | $28.9M | $26.0M | ||
| Q2 25 | $36.1M | $64.0M | ||
| Q1 25 | $39.8M | $-188.0M | ||
| Q4 24 | $13.7M | $1.2B | ||
| Q3 24 | $46.0M | $-876.0M | ||
| Q2 24 | $71.1M | $-754.0M | ||
| Q1 24 | $60.7M | $-1.3B |
| Q4 25 | $11.9M | $-1.1B | ||
| Q3 25 | $26.6M | $-421.0M | ||
| Q2 25 | $33.3M | $-398.0M | ||
| Q1 25 | $37.3M | $-526.0M | ||
| Q4 24 | $11.6M | $856.0M | ||
| Q3 24 | $44.4M | $-1.2B | ||
| Q2 24 | $69.7M | $-1.0B | ||
| Q1 24 | $59.3M | $-1.5B |
| Q4 25 | 1.0% | -89.0% | ||
| Q3 25 | 2.0% | -27.0% | ||
| Q2 25 | 2.5% | -30.5% | ||
| Q1 25 | 3.9% | -42.4% | ||
| Q4 24 | 1.1% | 49.4% | ||
| Q3 24 | 3.6% | -131.9% | ||
| Q2 24 | 5.4% | -89.6% | ||
| Q1 24 | 6.3% | -126.5% |
| Q4 25 | 0.2% | 36.0% | ||
| Q3 25 | 0.2% | 28.7% | ||
| Q2 25 | 0.2% | 35.5% | ||
| Q1 25 | 0.3% | 27.3% | ||
| Q4 24 | 0.2% | 18.9% | ||
| Q3 24 | 0.1% | 31.7% | ||
| Q2 24 | 0.1% | 24.4% | ||
| Q1 24 | 0.1% | 21.1% |
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
