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eXp World Holdings, Inc.（EXPI）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, INC.的1.6倍（$1.2B vs $755.6M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs -1.1%，领先12.7%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 8.5%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $11.9M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
EXPI vs STRL — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $755.6M |
| 净利润 | $-12.9M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | -1.1% | 15.9% |
| 净利率 | -1.1% | 11.6% |
| 营收同比 | 8.5% | 51.5% |
| 净利润同比 | -35.7% | -22.6% |
| 每股收益（稀释后） | $-0.08 | $2.82 |
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 | $755.6M | ||
| Q3 25 | $1.3B | $689.0M | ||
| Q2 25 | $1.3B | $614.5M | ||
| Q1 25 | $954.9M | $430.9M | ||
| Q4 24 | $1.1B | $498.8M | ||
| Q3 24 | $1.2B | $593.7M | ||
| Q2 24 | $1.3B | $582.8M | ||
| Q1 24 | $943.1M | $440.4M |
| Q4 25 | $-12.9M | $87.6M | ||
| Q3 25 | $3.5M | $92.1M | ||
| Q2 25 | $-2.3M | $71.0M | ||
| Q1 25 | $-11.0M | $39.5M | ||
| Q4 24 | $-9.5M | $113.2M | ||
| Q3 24 | $-8.5M | $61.3M | ||
| Q2 24 | $12.4M | $51.9M | ||
| Q1 24 | $-15.6M | $31.0M |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 99.9% | 21.9% | ||
| Q2 24 | 99.9% | 19.3% | ||
| Q1 24 | — | 17.5% |
| Q4 25 | -1.1% | 15.9% | ||
| Q3 25 | 0.3% | 18.2% | ||
| Q2 25 | -0.2% | 17.0% | ||
| Q1 25 | -1.1% | 13.0% | ||
| Q4 24 | -1.0% | 12.5% | ||
| Q3 24 | -0.7% | 14.7% | ||
| Q2 24 | 1.4% | 12.5% | ||
| Q1 24 | -1.9% | 9.6% |
| Q4 25 | -1.1% | 11.6% | ||
| Q3 25 | 0.3% | 13.4% | ||
| Q2 25 | -0.2% | 11.6% | ||
| Q1 25 | -1.2% | 9.2% | ||
| Q4 24 | -0.9% | 22.7% | ||
| Q3 24 | -0.7% | 10.3% | ||
| Q2 24 | 1.0% | 8.9% | ||
| Q1 24 | -1.7% | 7.1% |
| Q4 25 | $-0.08 | $2.82 | ||
| Q3 25 | $0.02 | $2.97 | ||
| Q2 25 | $-0.01 | $2.31 | ||
| Q1 25 | $-0.07 | $1.28 | ||
| Q4 24 | $-0.06 | $3.63 | ||
| Q3 24 | $-0.06 | $1.97 | ||
| Q2 24 | $0.08 | $1.67 | ||
| Q1 24 | $-0.10 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $1.1B |
| 总资产 | $442.5M | $2.6B |
| 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 | $390.7M | ||
| Q3 25 | $112.8M | $306.4M | ||
| Q2 25 | $94.6M | $699.4M | ||
| Q1 25 | $115.7M | $638.6M | ||
| Q4 24 | $113.6M | $664.2M | ||
| Q3 24 | $130.4M | $648.1M | ||
| Q2 24 | $108.4M | $540.0M | ||
| Q1 24 | $109.2M | $480.4M |
| Q4 25 | $242.8M | $1.1B | ||
| Q3 25 | $235.3M | $1.1B | ||
| Q2 25 | $218.4M | $881.7M | ||
| Q1 25 | $212.0M | $805.4M | ||
| Q4 24 | $204.9M | $808.1M | ||
| Q3 24 | $211.1M | $716.5M | ||
| Q2 24 | $220.3M | $670.7M | ||
| Q1 24 | $222.4M | $644.6M |
| Q4 25 | $442.5M | $2.6B | ||
| Q3 25 | $458.7M | $2.6B | ||
| Q2 25 | $481.2M | $2.2B | ||
| Q1 25 | $435.8M | $2.0B | ||
| Q4 24 | $390.7M | $2.0B | ||
| Q3 24 | $432.6M | $2.0B | ||
| Q2 24 | $457.4M | $2.0B | ||
| Q1 24 | $426.7M | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $159.7M |
| 自由现金流率自由现金流/营收 | 1.0% | 21.1% |
| 资本支出强度资本支出/营收 | 0.2% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $362.7M |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $186.1M | ||
| Q3 25 | $28.9M | $83.6M | ||
| Q2 25 | $36.1M | $85.4M | ||
| Q1 25 | $39.8M | $84.9M | ||
| Q4 24 | $13.7M | $174.3M | ||
| Q3 24 | $46.0M | $152.3M | ||
| Q2 24 | $71.1M | $121.0M | ||
| Q1 24 | $60.7M | $49.6M |
| Q4 25 | $11.9M | $159.7M | ||
| Q3 25 | $26.6M | $64.0M | ||
| Q2 25 | $33.3M | $72.1M | ||
| Q1 25 | $37.3M | $67.0M | ||
| Q4 24 | $11.6M | $158.6M | ||
| Q3 24 | $44.4M | $138.3M | ||
| Q2 24 | $69.7M | $92.1M | ||
| Q1 24 | $59.3M | $27.2M |
| Q4 25 | 1.0% | 21.1% | ||
| Q3 25 | 2.0% | 9.3% | ||
| Q2 25 | 2.5% | 11.7% | ||
| Q1 25 | 3.9% | 15.5% | ||
| Q4 24 | 1.1% | 31.8% | ||
| Q3 24 | 3.6% | 23.3% | ||
| Q2 24 | 5.4% | 15.8% | ||
| Q1 24 | 6.3% | 6.2% |
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.2% | 2.9% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.2% | 3.1% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.1% | 5.0% | ||
| Q1 24 | 0.1% | 5.1% |
| Q4 25 | — | 2.12× | ||
| Q3 25 | 8.26× | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | 5.75× | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
