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eXp World Holdings, Inc.（EXPI）与RUSH ENTERPRISES INC \TX\（RUSHA）财务数据对比。点击上方公司名可切换其他公司
RUSH ENTERPRISES INC \TX\的季度营收约是eXp World Holdings, Inc.的1.4倍（$1.7B vs $1.2B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -1.1%，领先4.7%），eXp World Holdings, Inc.同比增速更快（8.5% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
EXPI vs RUSHA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $-12.9M | $61.7M |
| 毛利率 | — | 20.4% |
| 营业利润率 | -1.1% | 4.9% |
| 净利率 | -1.1% | 3.7% |
| 营收同比 | 8.5% | -9.0% |
| 净利润同比 | -35.7% | 1.8% |
| 每股收益（稀释后） | $-0.08 | $0.77 |
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
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $954.9M | $1.8B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.3B | $1.9B |
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-12.9M | $64.3M | ||
| Q3 25 | $3.5M | $66.7M | ||
| Q2 25 | $-2.3M | $72.4M | ||
| Q1 25 | $-11.0M | $60.3M | ||
| Q4 24 | $-9.5M | $74.8M | ||
| Q3 24 | $-8.5M | $79.1M | ||
| Q2 24 | $12.4M | $78.7M |
| Q1 26 | — | 20.4% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 99.9% | 21.0% | ||
| Q2 24 | 99.9% | 20.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | -1.1% | 5.5% | ||
| Q3 25 | 0.3% | 5.6% | ||
| Q2 25 | -0.2% | 6.0% | ||
| Q1 25 | -1.1% | 5.2% | ||
| Q4 24 | -1.0% | 5.8% | ||
| Q3 24 | -0.7% | 6.7% | ||
| Q2 24 | 1.4% | 6.4% |
| Q1 26 | — | 3.7% | ||
| Q4 25 | -1.1% | 3.8% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | -0.2% | 3.9% | ||
| Q1 25 | -1.2% | 3.4% | ||
| Q4 24 | -0.9% | 3.9% | ||
| Q3 24 | -0.7% | 4.4% | ||
| Q2 24 | 1.0% | 4.1% |
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.08 | $0.81 | ||
| Q3 25 | $0.02 | $0.83 | ||
| Q2 25 | $-0.01 | $0.90 | ||
| Q1 25 | $-0.07 | $0.73 | ||
| Q4 24 | $-0.06 | $-95.13 | ||
| Q3 24 | $-0.06 | $0.97 | ||
| Q2 24 | $0.08 | $97.00 |
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 | — | $277.8M |
| 股东权益账面价值 | $242.8M | $2.3B |
| 总资产 | $442.5M | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $124.2M | $212.6M | ||
| Q3 25 | $112.8M | $242.0M | ||
| Q2 25 | $94.6M | $211.1M | ||
| Q1 25 | $115.7M | $228.7M | ||
| Q4 24 | $113.6M | $228.1M | ||
| Q3 24 | $130.4M | $185.1M | ||
| Q2 24 | $108.4M | $167.3M |
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $242.8M | $2.2B | ||
| Q3 25 | $235.3M | $2.2B | ||
| Q2 25 | $218.4M | $2.2B | ||
| Q1 25 | $212.0M | $2.2B | ||
| Q4 24 | $204.9M | $2.1B | ||
| Q3 24 | $211.1M | $2.1B | ||
| Q2 24 | $220.3M | $2.0B |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $442.5M | $4.4B | ||
| Q3 25 | $458.7M | $4.6B | ||
| Q2 25 | $481.2M | $4.7B | ||
| Q1 25 | $435.8M | $4.7B | ||
| Q4 24 | $390.7M | $4.6B | ||
| Q3 24 | $432.6M | $4.6B | ||
| Q2 24 | $457.4M | $4.5B |
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $411.6M |
| 自由现金流率自由现金流/营收 | 1.0% | 24.4% |
| 资本支出强度资本支出/营收 | 0.2% | 2.0% |
| 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 | $828.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $112.9M | ||
| Q3 25 | $28.9M | $367.8M | ||
| Q2 25 | $36.1M | $227.6M | ||
| Q1 25 | $39.8M | $153.5M | ||
| Q4 24 | $13.7M | $392.3M | ||
| Q3 24 | $46.0M | $111.7M | ||
| Q2 24 | $71.1M | $270.6M |
| Q1 26 | — | $411.6M | ||
| Q4 25 | $11.9M | $31.9M | ||
| Q3 25 | $26.6M | $271.2M | ||
| Q2 25 | $33.3M | $113.8M | ||
| Q1 25 | $37.3M | $45.1M | ||
| Q4 24 | $11.6M | $263.5M | ||
| Q3 24 | $44.4M | $-20.0M | ||
| Q2 24 | $69.7M | $177.2M |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 1.0% | 1.9% | ||
| Q3 25 | 2.0% | 15.2% | ||
| Q2 25 | 2.5% | 6.2% | ||
| Q1 25 | 3.9% | 2.6% | ||
| Q4 24 | 1.1% | 13.7% | ||
| Q3 24 | 3.6% | -1.1% | ||
| Q2 24 | 5.4% | 9.1% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 0.2% | 5.4% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | 0.3% | 6.2% | ||
| Q4 24 | 0.2% | 6.7% | ||
| Q3 24 | 0.1% | 7.3% | ||
| Q2 24 | 0.1% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | 8.26× | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 5.75× | 3.44× |
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% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
