vs
eXp World Holdings, Inc.（EXPI）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.2倍（$1.2B vs $972.6M），Tri Pointe Homes, Inc.净利率更高（6.2% vs -1.1%，领先7.3%），eXp World Holdings, Inc.同比增速更快（8.5% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
EXPI vs TPH — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $972.6M |
| 净利润 | $-12.9M | $60.2M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 8.1% |
| 净利率 | -1.1% | 6.2% |
| 营收同比 | 8.5% | -22.4% |
| 净利润同比 | -35.7% | -53.4% |
| 每股收益（稀释后） | $-0.08 | $0.70 |
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 | $972.6M | ||
| Q3 25 | $1.3B | $854.7M | ||
| Q2 25 | $1.3B | $902.4M | ||
| Q1 25 | $954.9M | $740.9M | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $943.1M | $939.4M |
| Q4 25 | $-12.9M | $60.2M | ||
| Q3 25 | $3.5M | $56.1M | ||
| Q2 25 | $-2.3M | $60.7M | ||
| Q1 25 | $-11.0M | $64.0M | ||
| Q4 24 | $-9.5M | $129.2M | ||
| Q3 24 | $-8.5M | $111.8M | ||
| Q2 24 | $12.4M | $118.0M | ||
| Q1 24 | $-15.6M | $99.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | — |
| Q4 25 | -1.1% | 8.1% | ||
| Q3 25 | 0.3% | 8.1% | ||
| Q2 25 | -0.2% | 8.5% | ||
| Q1 25 | -1.1% | 10.4% | ||
| Q4 24 | -1.0% | 13.4% | ||
| Q3 24 | -0.7% | 12.6% | ||
| Q2 24 | 1.4% | 12.9% | ||
| Q1 24 | -1.9% | 12.3% |
| Q4 25 | -1.1% | 6.2% | ||
| Q3 25 | 0.3% | 6.6% | ||
| Q2 25 | -0.2% | 6.7% | ||
| Q1 25 | -1.2% | 8.6% | ||
| Q4 24 | -0.9% | 10.3% | ||
| Q3 24 | -0.7% | 9.8% | ||
| Q2 24 | 1.0% | 10.2% | ||
| Q1 24 | -1.7% | 10.5% |
| Q4 25 | $-0.08 | $0.70 | ||
| Q3 25 | $0.02 | $0.64 | ||
| Q2 25 | $-0.01 | $0.68 | ||
| Q1 25 | $-0.07 | $0.70 | ||
| Q4 24 | $-0.06 | $1.37 | ||
| Q3 24 | $-0.06 | $1.18 | ||
| Q2 24 | $0.08 | $1.25 | ||
| Q1 24 | $-0.10 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $3.3B |
| 总资产 | $442.5M | $5.0B |
| 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 | $982.8M | ||
| Q3 25 | $112.8M | $792.0M | ||
| Q2 25 | $94.6M | $622.6M | ||
| Q1 25 | $115.7M | $812.9M | ||
| Q4 24 | $113.6M | $970.0M | ||
| Q3 24 | $130.4M | $676.0M | ||
| Q2 24 | $108.4M | $492.9M | ||
| Q1 24 | $109.2M | $944.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $242.8M | $3.3B | ||
| Q3 25 | $235.3M | $3.3B | ||
| Q2 25 | $218.4M | $3.3B | ||
| Q1 25 | $212.0M | $3.3B | ||
| Q4 24 | $204.9M | $3.3B | ||
| Q3 24 | $211.1M | $3.2B | ||
| Q2 24 | $220.3M | $3.1B | ||
| Q1 24 | $222.4M | $3.0B |
| Q4 25 | $442.5M | $5.0B | ||
| Q3 25 | $458.7M | $5.0B | ||
| Q2 25 | $481.2M | $4.8B | ||
| Q1 25 | $435.8M | $4.8B | ||
| Q4 24 | $390.7M | $4.9B | ||
| Q3 24 | $432.6M | $4.8B | ||
| Q2 24 | $457.4M | $4.6B | ||
| Q1 24 | $426.7M | $5.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $213.2M |
| 自由现金流率自由现金流/营收 | 1.0% | 21.9% |
| 资本支出强度资本支出/营收 | 0.2% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.67× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $128.5M |
8季度趋势，按日历期对齐
| Q4 25 | $13.8M | $221.0M | ||
| Q3 25 | $28.9M | $45.9M | ||
| Q2 25 | $36.1M | $-74.3M | ||
| Q1 25 | $39.8M | $-31.2M | ||
| Q4 24 | $13.7M | $360.3M | ||
| Q3 24 | $46.0M | $167.9M | ||
| Q2 24 | $71.1M | $23.1M | ||
| Q1 24 | $60.7M | $144.7M |
| Q4 25 | $11.9M | $213.2M | ||
| Q3 25 | $26.6M | $39.1M | ||
| Q2 25 | $33.3M | $-84.5M | ||
| Q1 25 | $37.3M | $-39.3M | ||
| Q4 24 | $11.6M | $355.9M | ||
| Q3 24 | $44.4M | $161.5M | ||
| Q2 24 | $69.7M | $17.0M | ||
| Q1 24 | $59.3M | $138.3M |
| Q4 25 | 1.0% | 21.9% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 2.5% | -9.4% | ||
| Q1 25 | 3.9% | -5.3% | ||
| Q4 24 | 1.1% | 28.4% | ||
| Q3 24 | 3.6% | 14.1% | ||
| Q2 24 | 5.4% | 1.5% | ||
| Q1 24 | 6.3% | 14.7% |
| Q4 25 | 0.2% | 0.8% | ||
| Q3 25 | 0.2% | 0.8% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 0.1% | 0.7% |
| Q4 25 | — | 3.67× | ||
| Q3 25 | 8.26× | 0.82× | ||
| Q2 25 | — | -1.22× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | 5.75× | 0.20× | ||
| Q1 24 | — | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
