vs
eXp World Holdings, Inc.（EXPI）与Voya Financial, Inc.（VOYA）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Voya Financial, Inc.的2.0倍（$1.2B vs $603.0M），Voya Financial, Inc.净利率更高（23.2% vs -1.1%，领先24.3%），eXp World Holdings, Inc.同比增速更快（8.5% vs 7.5%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 7.8%）
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。
Voya Financial是总部位于美国纽约的金融服务机构，业务覆盖退休规划、投资管理及保险领域。其前身为ING集团美国运营子公司，2013年完成分拆并通过首次公开募股获得独立资金支持，2014年4月正式启用Voya Financial品牌，旗下前身机构最早在1970年代就已进入美国市场。
EXPI vs VOYA — 直观对比
营收规模更大
EXPI
是对方的2.0倍
$603.0M
营收增速更快
EXPI
高出1.0%
7.5%
净利率更高
VOYA
高出24.3%
-1.1%
两年增速更快
EXPI
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $603.0M |
| 净利润 | $-12.9M | $140.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.1% | 28.0% |
| 净利率 | -1.1% | 23.2% |
| 营收同比 | 8.5% | 7.5% |
| 净利润同比 | -35.7% | 44.3% |
| 每股收益（稀释后） | $-0.08 | $1.41 |
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EXPIVOYA
| Q4 25 | $1.2B | $603.0M | ||
| Q3 25 | $1.3B | $572.0M | ||
| Q2 25 | $1.3B | $542.0M | ||
| Q1 25 | $954.9M | $538.0M | ||
| Q4 24 | $1.1B | $561.0M | ||
| Q3 24 | $1.2B | $542.0M | ||
| Q2 24 | $1.3B | $528.0M | ||
| Q1 24 | $943.1M | $519.0M |
净利润EXPIVOYA
| Q4 25 | $-12.9M | $140.0M | ||
| Q3 25 | $3.5M | $192.0M | ||
| Q2 25 | $-2.3M | $166.0M | ||
| Q1 25 | $-11.0M | $156.0M | ||
| Q4 24 | $-9.5M | $97.0M | ||
| Q3 24 | $-8.5M | $114.0M | ||
| Q2 24 | $12.4M | $205.0M | ||
| Q1 24 | $-15.6M | $251.0M |
毛利率EXPIVOYA
| 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EXPIVOYA
| Q4 25 | -1.1% | 28.0% | ||
| Q3 25 | 0.3% | 53.7% | ||
| Q2 25 | -0.2% | 34.7% | ||
| Q1 25 | -1.1% | 32.2% | ||
| Q4 24 | -1.0% | 21.4% | ||
| Q3 24 | -0.7% | 21.4% | ||
| Q2 24 | 1.4% | 52.3% | ||
| Q1 24 | -1.9% | 55.3% |
净利率EXPIVOYA
| Q4 25 | -1.1% | 23.2% | ||
| Q3 25 | 0.3% | 33.6% | ||
| Q2 25 | -0.2% | 30.6% | ||
| Q1 25 | -1.2% | 29.0% | ||
| Q4 24 | -0.9% | 17.3% | ||
| Q3 24 | -0.7% | 21.0% | ||
| Q2 24 | 1.0% | 38.8% | ||
| Q1 24 | -1.7% | 48.4% |
每股收益（稀释后）EXPIVOYA
| Q4 25 | $-0.08 | $1.41 | ||
| Q3 25 | $0.02 | $1.80 | ||
| Q2 25 | $-0.01 | $1.66 | ||
| Q1 25 | $-0.07 | $1.42 | ||
| Q4 24 | $-0.06 | $0.99 | ||
| Q3 24 | $-0.06 | $0.98 | ||
| Q2 24 | $0.08 | $1.96 | ||
| Q1 24 | $-0.10 | $2.24 |
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 | — |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $242.8M | $5.0B |
| 总资产 | $442.5M | $178.9B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资EXPIVOYA
| Q4 25 | $124.2M | — | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $115.7M | — | ||
| Q4 24 | $113.6M | — | ||
| Q3 24 | $130.4M | — | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | $109.2M | — |
总债务EXPIVOYA
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益EXPIVOYA
| Q4 25 | $242.8M | $5.0B | ||
| Q3 25 | $235.3M | $5.0B | ||
| Q2 25 | $218.4M | $4.6B | ||
| Q1 25 | $212.0M | $4.4B | ||
| Q4 24 | $204.9M | $4.0B | ||
| Q3 24 | $211.1M | $4.7B | ||
| Q2 24 | $220.3M | $4.0B | ||
| Q1 24 | $222.4M | $4.2B |
总资产EXPIVOYA
| Q4 25 | $442.5M | $178.9B | ||
| Q3 25 | $458.7M | $177.4B | ||
| Q2 25 | $481.2M | $172.4B | ||
| Q1 25 | $435.8M | $163.9B | ||
| Q4 24 | $390.7M | $163.9B | ||
| Q3 24 | $432.6M | $166.9B | ||
| Q2 24 | $457.4M | $161.3B | ||
| Q1 24 | $426.7M | $161.6B |
负债/权益比EXPIVOYA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.51× |
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 | $557.0M |
| 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 | — | 3.98× |
| 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
经营现金流EXPIVOYA
| Q4 25 | $13.8M | $557.0M | ||
| Q3 25 | $28.9M | $168.0M | ||
| Q2 25 | $36.1M | $742.0M | ||
| Q1 25 | $39.8M | $-179.0M | ||
| Q4 24 | $13.7M | $79.0M | ||
| Q3 24 | $46.0M | $719.0M | ||
| Q2 24 | $71.1M | $316.0M | ||
| Q1 24 | $60.7M | $231.0M |
自由现金流EXPIVOYA
| Q4 25 | $11.9M | — | ||
| Q3 25 | $26.6M | — | ||
| Q2 25 | $33.3M | — | ||
| Q1 25 | $37.3M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | — | ||
| Q2 24 | $69.7M | — | ||
| Q1 24 | $59.3M | — |
自由现金流率EXPIVOYA
| Q4 25 | 1.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | — |
资本支出强度EXPIVOYA
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率EXPIVOYA
| Q4 25 | — | 3.98× | ||
| Q3 25 | 8.26× | 0.88× | ||
| Q2 25 | — | 4.47× | ||
| Q1 25 | — | -1.15× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | 5.75× | 1.54× | ||
| Q1 24 | — | 0.92× |
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% |
VOYA
| Other | $295.0M | 49% |
| Investment Management Segment | $274.0M | 45% |
| Distribution Fees Member | $34.0M | 6% |
