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eXp World Holdings, Inc.（EXPI）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.4倍（$1.2B vs $871.9M），Worthington Steel, Inc.净利率更高（2.2% vs -1.1%，领先3.2%），Worthington Steel, Inc.同比增速更快（18.0% vs 8.5%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $11.9M），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
EXPI vs WS — 直观对比
营收规模更大
EXPI
是对方的1.4倍
$871.9M
营收增速更快
WS
高出9.5%
8.5%
净利率更高
WS
高出3.2%
-1.1%
自由现金流更多
WS
多$62.7M
$11.9M
两年增速更快
EXPI
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $871.9M |
| 净利润 | $-12.9M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | -1.1% | 2.5% |
| 净利率 | -1.1% | 2.2% |
| 营收同比 | 8.5% | 18.0% |
| 净利润同比 | -35.7% | 46.9% |
| 每股收益（稀释后） | $-0.08 | $0.37 |
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EXPIWS
| Q4 25 | $1.2B | $871.9M | ||
| Q3 25 | $1.3B | $872.9M | ||
| Q2 25 | $1.3B | $832.9M | ||
| Q1 25 | $954.9M | $687.4M | ||
| Q4 24 | $1.1B | $739.0M | ||
| Q3 24 | $1.2B | $834.0M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $943.1M | $805.8M |
净利润EXPIWS
| Q4 25 | $-12.9M | $18.8M | ||
| Q3 25 | $3.5M | $36.8M | ||
| Q2 25 | $-2.3M | $55.7M | ||
| Q1 25 | $-11.0M | $13.8M | ||
| Q4 24 | $-9.5M | $12.8M | ||
| Q3 24 | $-8.5M | $28.4M | ||
| Q2 24 | $12.4M | — | ||
| Q1 24 | $-15.6M | $49.0M |
毛利率EXPIWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 99.9% | 12.0% | ||
| Q2 24 | 99.9% | — | ||
| Q1 24 | — | 14.9% |
营业利润率EXPIWS
| Q4 25 | -1.1% | 2.5% | ||
| Q3 25 | 0.3% | 5.5% | ||
| Q2 25 | -0.2% | 8.0% | ||
| Q1 25 | -1.1% | 2.7% | ||
| Q4 24 | -1.0% | 2.6% | ||
| Q3 24 | -0.7% | 5.2% | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | -1.9% | 8.2% |
净利率EXPIWS
| Q4 25 | -1.1% | 2.2% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | -0.2% | 6.7% | ||
| Q1 25 | -1.2% | 2.0% | ||
| Q4 24 | -0.9% | 1.7% | ||
| Q3 24 | -0.7% | 3.4% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -1.7% | 6.1% |
每股收益（稀释后）EXPIWS
| Q4 25 | $-0.08 | $0.37 | ||
| Q3 25 | $0.02 | $0.72 | ||
| Q2 25 | $-0.01 | $1.11 | ||
| Q1 25 | $-0.07 | $0.27 | ||
| Q4 24 | $-0.06 | $0.25 | ||
| Q3 24 | $-0.06 | $0.56 | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.10 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $242.8M | $1.1B |
| 总资产 | $442.5M | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资EXPIWS
| Q4 25 | $124.2M | $89.8M | ||
| Q3 25 | $112.8M | $78.3M | ||
| Q2 25 | $94.6M | $38.0M | ||
| Q1 25 | $115.7M | $63.3M | ||
| Q4 24 | $113.6M | $52.0M | ||
| Q3 24 | $130.4M | $36.0M | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | $109.2M | $60.8M |
总债务EXPIWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益EXPIWS
| Q4 25 | $242.8M | $1.1B | ||
| Q3 25 | $235.3M | $1.1B | ||
| Q2 25 | $218.4M | $1.1B | ||
| Q1 25 | $212.0M | $1.0B | ||
| Q4 24 | $204.9M | $1.0B | ||
| Q3 24 | $211.1M | $1.0B | ||
| Q2 24 | $220.3M | — | ||
| Q1 24 | $222.4M | $937.6M |
总资产EXPIWS
| Q4 25 | $442.5M | $2.1B | ||
| Q3 25 | $458.7M | $2.2B | ||
| Q2 25 | $481.2M | $2.0B | ||
| Q1 25 | $435.8M | $1.8B | ||
| Q4 24 | $390.7M | $1.7B | ||
| Q3 24 | $432.6M | $1.8B | ||
| Q2 24 | $457.4M | — | ||
| Q1 24 | $426.7M | $1.8B |
负债/权益比EXPIWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $74.6M |
| 自由现金流率自由现金流/营收 | 1.0% | 8.6% |
| 资本支出强度资本支出/营收 | 0.2% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | $109.0M | $72.5M |
8季度趋势，按日历期对齐
经营现金流EXPIWS
| Q4 25 | $13.8M | $99.3M | ||
| Q3 25 | $28.9M | $-6.3M | ||
| Q2 25 | $36.1M | $53.9M | ||
| Q1 25 | $39.8M | $53.8M | ||
| Q4 24 | $13.7M | $68.0M | ||
| Q3 24 | $46.0M | $54.6M | ||
| Q2 24 | $71.1M | — | ||
| Q1 24 | $60.7M | $44.7M |
自由现金流EXPIWS
| Q4 25 | $11.9M | $74.6M | ||
| Q3 25 | $26.6M | $-35.7M | ||
| Q2 25 | $33.3M | $8.4M | ||
| Q1 25 | $37.3M | $25.2M | ||
| Q4 24 | $11.6M | $33.2M | ||
| Q3 24 | $44.4M | $33.1M | ||
| Q2 24 | $69.7M | — | ||
| Q1 24 | $59.3M | $22.3M |
自由现金流率EXPIWS
| Q4 25 | 1.0% | 8.6% | ||
| Q3 25 | 2.0% | -4.1% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 3.9% | 3.7% | ||
| Q4 24 | 1.1% | 4.5% | ||
| Q3 24 | 3.6% | 4.0% | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | 2.8% |
资本支出强度EXPIWS
| Q4 25 | 0.2% | 2.8% | ||
| Q3 25 | 0.2% | 3.4% | ||
| Q2 25 | 0.2% | 5.5% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.2% | 4.7% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | 2.8% |
现金转化率EXPIWS
| Q4 25 | — | 5.28× | ||
| Q3 25 | 8.26× | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
