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eXp World Holdings, Inc.（EXPI）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是eXp World Holdings, Inc.的1.2倍（$1.4B vs $1.2B），ROKU, INC净利率更高（5.8% vs -1.1%，领先6.9%），ROKU, INC同比增速更快（16.1% vs 8.5%），ROKU, INC自由现金流更多（$106.6M vs $11.9M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
EXPI vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出7.6%
8.5%
净利率更高
ROKU
高出6.9%
-1.1%
自由现金流更多
ROKU
多$94.6M
$11.9M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | -1.1% | 4.7% |
| 净利率 | -1.1% | 5.8% |
| 营收同比 | 8.5% | 16.1% |
| 净利润同比 | -35.7% | 326.4% |
| 每股收益（稀释后） | $-0.08 | $0.55 |
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EXPIROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $954.9M | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.3B | $968.2M | ||
| Q1 24 | $943.1M | $881.5M |
净利润EXPIROKU
| Q4 25 | $-12.9M | $80.5M | ||
| Q3 25 | $3.5M | $24.8M | ||
| Q2 25 | $-2.3M | $10.5M | ||
| Q1 25 | $-11.0M | $-27.4M | ||
| Q4 24 | $-9.5M | $-35.5M | ||
| Q3 24 | $-8.5M | $-9.0M | ||
| Q2 24 | $12.4M | $-34.0M | ||
| Q1 24 | $-15.6M | $-50.9M |
毛利率EXPIROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 99.9% | 45.2% | ||
| Q2 24 | 99.9% | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率EXPIROKU
| Q4 25 | -1.1% | 4.7% | ||
| Q3 25 | 0.3% | 0.8% | ||
| Q2 25 | -0.2% | -2.1% | ||
| Q1 25 | -1.1% | -5.7% | ||
| Q4 24 | -1.0% | -3.3% | ||
| Q3 24 | -0.7% | -3.4% | ||
| Q2 24 | 1.4% | -7.4% | ||
| Q1 24 | -1.9% | -8.2% |
净利率EXPIROKU
| Q4 25 | -1.1% | 5.8% | ||
| Q3 25 | 0.3% | 2.0% | ||
| Q2 25 | -0.2% | 0.9% | ||
| Q1 25 | -1.2% | -2.7% | ||
| Q4 24 | -0.9% | -3.0% | ||
| Q3 24 | -0.7% | -0.9% | ||
| Q2 24 | 1.0% | -3.5% | ||
| Q1 24 | -1.7% | -5.8% |
每股收益（稀释后）EXPIROKU
| Q4 25 | $-0.08 | $0.55 | ||
| Q3 25 | $0.02 | $0.16 | ||
| Q2 25 | $-0.01 | $0.07 | ||
| Q1 25 | $-0.07 | $-0.19 | ||
| Q4 24 | $-0.06 | $-0.24 | ||
| Q3 24 | $-0.06 | $-0.06 | ||
| Q2 24 | $0.08 | $-0.24 | ||
| Q1 24 | $-0.10 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $2.7B |
| 总资产 | $442.5M | $4.4B |
| 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EXPIROKU
| Q4 25 | $124.2M | $2.3B | ||
| Q3 25 | $112.8M | $2.3B | ||
| Q2 25 | $94.6M | $2.3B | ||
| Q1 25 | $115.7M | $2.3B | ||
| Q4 24 | $113.6M | $2.2B | ||
| Q3 24 | $130.4M | $2.1B | ||
| Q2 24 | $108.4M | $2.1B | ||
| Q1 24 | $109.2M | $2.1B |
股东权益EXPIROKU
| Q4 25 | $242.8M | $2.7B | ||
| Q3 25 | $235.3M | $2.6B | ||
| Q2 25 | $218.4M | $2.6B | ||
| Q1 25 | $212.0M | $2.5B | ||
| Q4 24 | $204.9M | $2.5B | ||
| Q3 24 | $211.1M | $2.5B | ||
| Q2 24 | $220.3M | $2.4B | ||
| Q1 24 | $222.4M | $2.4B |
总资产EXPIROKU
| Q4 25 | $442.5M | $4.4B | ||
| Q3 25 | $458.7M | $4.4B | ||
| Q2 25 | $481.2M | $4.3B | ||
| Q1 25 | $435.8M | $4.2B | ||
| Q4 24 | $390.7M | $4.3B | ||
| Q3 24 | $432.6M | $4.3B | ||
| Q2 24 | $457.4M | $4.1B | ||
| Q1 24 | $426.7M | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $106.6M |
| 自由现金流率自由现金流/营收 | 1.0% | 7.6% |
| 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 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流EXPIROKU
| Q4 25 | $13.8M | $107.7M | ||
| Q3 25 | $28.9M | $127.6M | ||
| Q2 25 | $36.1M | $109.7M | ||
| Q1 25 | $39.8M | $138.7M | ||
| Q4 24 | $13.7M | $79.3M | ||
| Q3 24 | $46.0M | $68.7M | ||
| Q2 24 | $71.1M | $23.4M | ||
| Q1 24 | $60.7M | $46.7M |
自由现金流EXPIROKU
| Q4 25 | $11.9M | $106.6M | ||
| Q3 25 | $26.6M | $126.5M | ||
| Q2 25 | $33.3M | $108.6M | ||
| Q1 25 | $37.3M | $136.8M | ||
| Q4 24 | $11.6M | $76.8M | ||
| Q3 24 | $44.4M | $67.6M | ||
| Q2 24 | $69.7M | $22.5M | ||
| Q1 24 | $59.3M | $46.0M |
自由现金流率EXPIROKU
| Q4 25 | 1.0% | 7.6% | ||
| Q3 25 | 2.0% | 10.4% | ||
| Q2 25 | 2.5% | 9.8% | ||
| Q1 25 | 3.9% | 13.4% | ||
| Q4 24 | 1.1% | 6.4% | ||
| Q3 24 | 3.6% | 6.4% | ||
| Q2 24 | 5.4% | 2.3% | ||
| Q1 24 | 6.3% | 5.2% |
资本支出强度EXPIROKU
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.1% | 0.1% | ||
| Q1 24 | 0.1% | 0.1% |
现金转化率EXPIROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | 8.26× | 5.14× | ||
| Q2 25 | — | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
