vs
eXp World Holdings, Inc.（EXPI）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
eXp World Holdings, Inc.的季度营收约是泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs -1.1%，领先24.8%），泰瑞达同比增速更快（43.9% vs 8.5%），泰瑞达自由现金流更多（$218.8M vs $11.9M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
EXPI vs TER — 直观对比
营收规模更大
EXPI
是对方的1.1倍
$1.1B
营收增速更快
TER
高出35.4%
8.5%
净利率更高
TER
高出24.8%
-1.1%
自由现金流更多
TER
多$206.8M
$11.9M
两年增速更快
TER
近两年复合增速
12.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $-12.9M | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | -1.1% | 27.1% |
| 净利率 | -1.1% | 23.7% |
| 营收同比 | 8.5% | 43.9% |
| 净利润同比 | -35.7% | 75.9% |
| 每股收益（稀释后） | $-0.08 | $1.62 |
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EXPITER
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.3B | $769.2M | ||
| Q2 25 | $1.3B | $651.8M | ||
| Q1 25 | $954.9M | $685.7M | ||
| Q4 24 | $1.1B | $752.9M | ||
| Q3 24 | $1.2B | $737.3M | ||
| Q2 24 | $1.3B | $729.9M | ||
| Q1 24 | $943.1M | $599.8M |
净利润EXPITER
| Q4 25 | $-12.9M | $257.2M | ||
| Q3 25 | $3.5M | $119.6M | ||
| Q2 25 | $-2.3M | $78.4M | ||
| Q1 25 | $-11.0M | $98.9M | ||
| Q4 24 | $-9.5M | $146.3M | ||
| Q3 24 | $-8.5M | $145.6M | ||
| Q2 24 | $12.4M | $186.3M | ||
| Q1 24 | $-15.6M | $64.2M |
毛利率EXPITER
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | 99.9% | 59.2% | ||
| Q2 24 | 99.9% | 58.3% | ||
| Q1 24 | — | 56.6% |
营业利润率EXPITER
| Q4 25 | -1.1% | 27.1% | ||
| Q3 25 | 0.3% | 18.9% | ||
| Q2 25 | -0.2% | 13.9% | ||
| Q1 25 | -1.1% | 17.6% | ||
| Q4 24 | -1.0% | 20.4% | ||
| Q3 24 | -0.7% | 20.6% | ||
| Q2 24 | 1.4% | 28.8% | ||
| Q1 24 | -1.9% | 13.0% |
净利率EXPITER
| Q4 25 | -1.1% | 23.7% | ||
| Q3 25 | 0.3% | 15.5% | ||
| Q2 25 | -0.2% | 12.0% | ||
| Q1 25 | -1.2% | 14.4% | ||
| Q4 24 | -0.9% | 19.4% | ||
| Q3 24 | -0.7% | 19.8% | ||
| Q2 24 | 1.0% | 25.5% | ||
| Q1 24 | -1.7% | 10.7% |
每股收益（稀释后）EXPITER
| Q4 25 | $-0.08 | $1.62 | ||
| Q3 25 | $0.02 | $0.75 | ||
| Q2 25 | $-0.01 | $0.49 | ||
| Q1 25 | $-0.07 | $0.61 | ||
| Q4 24 | $-0.06 | $0.89 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $0.08 | $1.14 | ||
| Q1 24 | $-0.10 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $2.8B |
| 总资产 | $442.5M | $4.2B |
| 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EXPITER
| Q4 25 | $124.2M | $293.8M | ||
| Q3 25 | $112.8M | $272.7M | ||
| Q2 25 | $94.6M | $339.3M | ||
| Q1 25 | $115.7M | $475.6M | ||
| Q4 24 | $113.6M | $553.4M | ||
| Q3 24 | $130.4M | $510.0M | ||
| Q2 24 | $108.4M | $421.9M | ||
| Q1 24 | $109.2M | $707.4M |
股东权益EXPITER
| Q4 25 | $242.8M | $2.8B | ||
| Q3 25 | $235.3M | $2.7B | ||
| Q2 25 | $218.4M | $2.8B | ||
| Q1 25 | $212.0M | $2.8B | ||
| Q4 24 | $204.9M | $2.8B | ||
| Q3 24 | $211.1M | $2.9B | ||
| Q2 24 | $220.3M | $2.7B | ||
| Q1 24 | $222.4M | $2.6B |
总资产EXPITER
| Q4 25 | $442.5M | $4.2B | ||
| Q3 25 | $458.7M | $4.0B | ||
| Q2 25 | $481.2M | $3.8B | ||
| Q1 25 | $435.8M | $3.7B | ||
| Q4 24 | $390.7M | $3.7B | ||
| Q3 24 | $432.6M | $3.8B | ||
| Q2 24 | $457.4M | $3.6B | ||
| Q1 24 | $426.7M | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $218.8M |
| 自由现金流率自由现金流/营收 | 1.0% | 20.2% |
| 资本支出强度资本支出/营收 | 0.2% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $450.4M |
8季度趋势，按日历期对齐
经营现金流EXPITER
| Q4 25 | $13.8M | $281.6M | ||
| Q3 25 | $28.9M | $49.0M | ||
| Q2 25 | $36.1M | $182.1M | ||
| Q1 25 | $39.8M | $161.6M | ||
| Q4 24 | $13.7M | $282.6M | ||
| Q3 24 | $46.0M | $166.3M | ||
| Q2 24 | $71.1M | $216.1M | ||
| Q1 24 | $60.7M | $7.3M |
自由现金流EXPITER
| Q4 25 | $11.9M | $218.8M | ||
| Q3 25 | $26.6M | $2.4M | ||
| Q2 25 | $33.3M | $131.7M | ||
| Q1 25 | $37.3M | $97.6M | ||
| Q4 24 | $11.6M | $225.2M | ||
| Q3 24 | $44.4M | $114.4M | ||
| Q2 24 | $69.7M | $171.2M | ||
| Q1 24 | $59.3M | $-36.7M |
自由现金流率EXPITER
| Q4 25 | 1.0% | 20.2% | ||
| Q3 25 | 2.0% | 0.3% | ||
| Q2 25 | 2.5% | 20.2% | ||
| Q1 25 | 3.9% | 14.2% | ||
| Q4 24 | 1.1% | 29.9% | ||
| Q3 24 | 3.6% | 15.5% | ||
| Q2 24 | 5.4% | 23.5% | ||
| Q1 24 | 6.3% | -6.1% |
资本支出强度EXPITER
| Q4 25 | 0.2% | 5.8% | ||
| Q3 25 | 0.2% | 6.1% | ||
| Q2 25 | 0.2% | 7.7% | ||
| Q1 25 | 0.3% | 9.3% | ||
| Q4 24 | 0.2% | 7.6% | ||
| Q3 24 | 0.1% | 7.0% | ||
| Q2 24 | 0.1% | 6.1% | ||
| Q1 24 | 0.1% | 7.3% |
现金转化率EXPITER
| Q4 25 | — | 1.09× | ||
| Q3 25 | 8.26× | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 5.75× | 1.16× | ||
| Q1 24 | — | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
