vs
eXp World Holdings, Inc.（EXPI）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是eXp World Holdings, Inc.的1.2倍（$1.5B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -3.1%，领先2.0%），eXp World Holdings, Inc.同比增速更快（8.5% vs -11.9%），eXp World Holdings, Inc.自由现金流更多（$11.9M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
EXPI vs RXO — 直观对比
营收规模更大
RXO
是对方的1.2倍
$1.2B
营收增速更快
EXPI
高出20.4%
-11.9%
净利率更高
EXPI
高出2.0%
-3.1%
自由现金流更多
EXPI
多$20.9M
$-9.0M
两年增速更快
RXO
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $-12.9M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | -2.9% |
| 净利率 | -1.1% | -3.1% |
| 营收同比 | 8.5% | -11.9% |
| 净利润同比 | -35.7% | -84.0% |
| 每股收益（稀释后） | $-0.08 | $-0.28 |
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EXPIRXO
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $954.9M | $1.4B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M | ||
| Q1 24 | $943.1M | $913.0M |
净利润EXPIRXO
| Q4 25 | $-12.9M | $-46.0M | ||
| Q3 25 | $3.5M | $-14.0M | ||
| Q2 25 | $-2.3M | $-9.0M | ||
| Q1 25 | $-11.0M | $-31.0M | ||
| Q4 24 | $-9.5M | $-25.0M | ||
| Q3 24 | $-8.5M | $-243.0M | ||
| Q2 24 | $12.4M | $-7.0M | ||
| Q1 24 | $-15.6M | $-15.0M |
毛利率EXPIRXO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
营业利润率EXPIRXO
| Q4 25 | -1.1% | -2.9% | ||
| Q3 25 | 0.3% | -0.5% | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -1.1% | -2.1% | ||
| Q4 24 | -1.0% | -1.4% | ||
| Q3 24 | -0.7% | -1.9% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -1.9% | -1.3% |
净利率EXPIRXO
| Q4 25 | -1.1% | -3.1% | ||
| Q3 25 | 0.3% | -1.0% | ||
| Q2 25 | -0.2% | -0.6% | ||
| Q1 25 | -1.2% | -2.2% | ||
| Q4 24 | -0.9% | -1.5% | ||
| Q3 24 | -0.7% | -23.4% | ||
| Q2 24 | 1.0% | -0.8% | ||
| Q1 24 | -1.7% | -1.6% |
每股收益（稀释后）EXPIRXO
| Q4 25 | $-0.08 | $-0.28 | ||
| Q3 25 | $0.02 | $-0.08 | ||
| Q2 25 | $-0.01 | $-0.05 | ||
| Q1 25 | $-0.07 | $-0.18 | ||
| Q4 24 | $-0.06 | $-0.17 | ||
| Q3 24 | $-0.06 | $-1.81 | ||
| Q2 24 | $0.08 | $-0.06 | ||
| Q1 24 | $-0.10 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $242.8M | $1.5B |
| 总资产 | $442.5M | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资EXPIRXO
| Q4 25 | $124.2M | $17.0M | ||
| Q3 25 | $112.8M | $25.0M | ||
| Q2 25 | $94.6M | $18.0M | ||
| Q1 25 | $115.7M | $16.0M | ||
| Q4 24 | $113.6M | $35.0M | ||
| Q3 24 | $130.4M | $55.0M | ||
| Q2 24 | $108.4M | $7.0M | ||
| Q1 24 | $109.2M | $7.0M |
总债务EXPIRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益EXPIRXO
| Q4 25 | $242.8M | $1.5B | ||
| Q3 25 | $235.3M | $1.6B | ||
| Q2 25 | $218.4M | $1.6B | ||
| Q1 25 | $212.0M | $1.6B | ||
| Q4 24 | $204.9M | $1.6B | ||
| Q3 24 | $211.1M | $1.7B | ||
| Q2 24 | $220.3M | $579.0M | ||
| Q1 24 | $222.4M | $582.0M |
总资产EXPIRXO
| Q4 25 | $442.5M | $3.3B | ||
| Q3 25 | $458.7M | $3.2B | ||
| Q2 25 | $481.2M | $3.2B | ||
| Q1 25 | $435.8M | $3.3B | ||
| Q4 24 | $390.7M | $3.4B | ||
| Q3 24 | $432.6M | $3.4B | ||
| Q2 24 | $457.4M | $1.8B | ||
| Q1 24 | $426.7M | $1.8B |
负债/权益比EXPIRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $-9.0M |
| 自由现金流率自由现金流/营收 | 1.0% | -0.6% |
| 资本支出强度资本支出/营收 | 0.2% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流EXPIRXO
| Q4 25 | $13.8M | $7.0M | ||
| Q3 25 | $28.9M | $23.0M | ||
| Q2 25 | $36.1M | $23.0M | ||
| Q1 25 | $39.8M | $-2.0M | ||
| Q4 24 | $13.7M | $-7.0M | ||
| Q3 24 | $46.0M | $-7.0M | ||
| Q2 24 | $71.1M | $-5.0M | ||
| Q1 24 | $60.7M | $7.0M |
自由现金流EXPIRXO
| Q4 25 | $11.9M | $-9.0M | ||
| Q3 25 | $26.6M | $9.0M | ||
| Q2 25 | $33.3M | $9.0M | ||
| Q1 25 | $37.3M | $-17.0M | ||
| Q4 24 | $11.6M | $-19.0M | ||
| Q3 24 | $44.4M | $-18.0M | ||
| Q2 24 | $69.7M | $-16.0M | ||
| Q1 24 | $59.3M | $-4.0M |
自由现金流率EXPIRXO
| Q4 25 | 1.0% | -0.6% | ||
| Q3 25 | 2.0% | 0.6% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 3.9% | -1.2% | ||
| Q4 24 | 1.1% | -1.1% | ||
| Q3 24 | 3.6% | -1.7% | ||
| Q2 24 | 5.4% | -1.7% | ||
| Q1 24 | 6.3% | -0.4% |
资本支出强度EXPIRXO
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.2% | 1.0% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.1% | 1.1% | ||
| Q2 24 | 0.1% | 1.2% | ||
| Q1 24 | 0.1% | 1.2% |
现金转化率EXPIRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
