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eXp World Holdings, Inc.（EXPI）与STEWART INFORMATION SERVICES CORP（STC）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STEWART INFORMATION SERVICES CORP的1.6倍（$1.2B vs $764.6M），STEWART INFORMATION SERVICES CORP净利率更高（2.2% vs -1.1%，领先3.3%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 8.5%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
EXPI vs STC — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $764.6M |
| 净利润 | $-12.9M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | — |
| 净利率 | -1.1% | 2.2% |
| 营收同比 | 8.5% | 27.7% |
| 净利润同比 | -35.7% | 448.4% |
| 每股收益（稀释后） | $-0.08 | — |
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 | — | $764.6M | ||
| Q4 25 | $1.2B | $790.6M | ||
| Q3 25 | $1.3B | $796.9M | ||
| Q2 25 | $1.3B | $722.2M | ||
| Q1 25 | $954.9M | $612.0M | ||
| Q4 24 | $1.1B | $665.9M | ||
| Q3 24 | $1.2B | $667.9M | ||
| Q2 24 | $1.3B | $602.2M |
| Q1 26 | — | $17.0M | ||
| Q4 25 | $-12.9M | $36.3M | ||
| Q3 25 | $3.5M | $44.3M | ||
| Q2 25 | $-2.3M | $31.9M | ||
| Q1 25 | $-11.0M | $3.1M | ||
| Q4 24 | $-9.5M | $22.7M | ||
| Q3 24 | $-8.5M | $30.1M | ||
| Q2 24 | $12.4M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | 6.5% | ||
| Q3 25 | 0.3% | 7.7% | ||
| Q2 25 | -0.2% | 6.5% | ||
| Q1 25 | -1.1% | 1.0% | ||
| Q4 24 | -1.0% | 5.3% | ||
| Q3 24 | -0.7% | 6.4% | ||
| Q2 24 | 1.4% | 4.8% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -1.1% | 4.6% | ||
| Q3 25 | 0.3% | 5.6% | ||
| Q2 25 | -0.2% | 4.4% | ||
| Q1 25 | -1.2% | 0.5% | ||
| Q4 24 | -0.9% | 3.4% | ||
| Q3 24 | -0.7% | 4.5% | ||
| Q2 24 | 1.0% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.08 | $1.26 | ||
| Q3 25 | $0.02 | $1.55 | ||
| Q2 25 | $-0.01 | $1.13 | ||
| Q1 25 | $-0.07 | $0.11 | ||
| Q4 24 | $-0.06 | $0.81 | ||
| Q3 24 | $-0.06 | $1.07 | ||
| Q2 24 | $0.08 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | — |
| 总资产 | $442.5M | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $317.5M | ||
| Q4 25 | $124.2M | $369.7M | ||
| Q3 25 | $112.8M | $233.2M | ||
| Q2 25 | $94.6M | $223.8M | ||
| Q1 25 | $115.7M | $194.2M | ||
| Q4 24 | $113.6M | $257.5M | ||
| Q3 24 | $130.4M | $228.7M | ||
| Q2 24 | $108.4M | $176.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $242.8M | $1.6B | ||
| Q3 25 | $235.3M | $1.5B | ||
| Q2 25 | $218.4M | $1.4B | ||
| Q1 25 | $212.0M | $1.4B | ||
| Q4 24 | $204.9M | $1.4B | ||
| Q3 24 | $211.1M | $1.4B | ||
| Q2 24 | $220.3M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $442.5M | $3.3B | ||
| Q3 25 | $458.7M | $2.8B | ||
| Q2 25 | $481.2M | $2.8B | ||
| Q1 25 | $435.8M | $2.7B | ||
| Q4 24 | $390.7M | $2.7B | ||
| Q3 24 | $432.6M | $2.7B | ||
| Q2 24 | $457.4M | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| 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 | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $89.5M | ||
| Q3 25 | $28.9M | $92.6M | ||
| Q2 25 | $36.1M | $53.4M | ||
| Q1 25 | $39.8M | $-29.9M | ||
| Q4 24 | $13.7M | $68.0M | ||
| Q3 24 | $46.0M | $76.1M | ||
| Q2 24 | $71.1M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | $11.9M | $62.3M | ||
| Q3 25 | $26.6M | $73.6M | ||
| Q2 25 | $33.3M | $38.7M | ||
| Q1 25 | $37.3M | $-42.2M | ||
| Q4 24 | $11.6M | $55.6M | ||
| Q3 24 | $44.4M | $67.4M | ||
| Q2 24 | $69.7M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 7.9% | ||
| Q3 25 | 2.0% | 9.2% | ||
| Q2 25 | 2.5% | 5.4% | ||
| Q1 25 | 3.9% | -6.9% | ||
| Q4 24 | 1.1% | 8.4% | ||
| Q3 24 | 3.6% | 10.1% | ||
| Q2 24 | 5.4% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.4% | ||
| Q3 25 | 0.2% | 2.4% | ||
| Q2 25 | 0.2% | 2.0% | ||
| Q1 25 | 0.3% | 2.0% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.1% | 1.3% | ||
| Q2 24 | 0.1% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.47× | ||
| Q3 25 | 8.26× | 2.09× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | -9.73× | ||
| Q4 24 | — | 2.99× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 5.75× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
