vs
eXp World Holdings, Inc.（EXPI）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
赛莱默的季度营收约是eXp World Holdings, Inc.的1.8倍（$2.1B vs $1.2B），赛莱默净利率更高（8.9% vs -1.1%，领先10.0%），eXp World Holdings, Inc.同比增速更快（8.5% vs 2.7%），过去两年eXp World Holdings, Inc.的营收复合增速更高（12.4% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
EXPI vs XYL — 直观对比
营收规模更大
XYL
是对方的1.8倍
$1.2B
营收增速更快
EXPI
高出5.8%
2.7%
净利率更高
XYL
高出10.0%
-1.1%
两年增速更快
EXPI
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $-12.9M | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | -1.1% | 11.5% |
| 净利率 | -1.1% | 8.9% |
| 营收同比 | 8.5% | 2.7% |
| 净利润同比 | -35.7% | 13.2% |
| 每股收益（稀释后） | $-0.08 | $0.79 |
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EXPIXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.3B | $2.3B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $954.9M | $2.1B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.3B | $2.2B |
净利润EXPIXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $-12.9M | $335.0M | ||
| Q3 25 | $3.5M | $227.0M | ||
| Q2 25 | $-2.3M | $226.0M | ||
| Q1 25 | $-11.0M | $169.0M | ||
| Q4 24 | $-9.5M | $326.0M | ||
| Q3 24 | $-8.5M | $217.0M | ||
| Q2 24 | $12.4M | $194.0M |
毛利率EXPIXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | 99.9% | 37.3% | ||
| Q2 24 | 99.9% | 37.8% |
营业利润率EXPIXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | -1.1% | 14.7% | ||
| Q3 25 | 0.3% | 14.7% | ||
| Q2 25 | -0.2% | 13.3% | ||
| Q1 25 | -1.1% | 11.2% | ||
| Q4 24 | -1.0% | 11.8% | ||
| Q3 24 | -0.7% | 13.3% | ||
| Q2 24 | 1.4% | 11.7% |
净利率EXPIXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | -1.1% | 14.0% | ||
| Q3 25 | 0.3% | 10.0% | ||
| Q2 25 | -0.2% | 9.8% | ||
| Q1 25 | -1.2% | 8.2% | ||
| Q4 24 | -0.9% | 14.5% | ||
| Q3 24 | -0.7% | 10.3% | ||
| Q2 24 | 1.0% | 8.9% |
每股收益（稀释后）EXPIXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $-0.08 | $1.37 | ||
| Q3 25 | $0.02 | $0.93 | ||
| Q2 25 | $-0.01 | $0.93 | ||
| Q1 25 | $-0.07 | $0.69 | ||
| Q4 24 | $-0.06 | $1.33 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $0.08 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $242.8M | $11.0B |
| 总资产 | $442.5M | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资EXPIXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $124.2M | $1.5B | ||
| Q3 25 | $112.8M | $1.2B | ||
| Q2 25 | $94.6M | $1.2B | ||
| Q1 25 | $115.7M | $1.1B | ||
| Q4 24 | $113.6M | $1.1B | ||
| Q3 24 | $130.4M | $989.0M | ||
| Q2 24 | $108.4M | $815.0M |
总债务EXPIXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXPIXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $242.8M | $11.5B | ||
| Q3 25 | $235.3M | $11.2B | ||
| Q2 25 | $218.4M | $11.1B | ||
| Q1 25 | $212.0M | $10.8B | ||
| Q4 24 | $204.9M | $10.6B | ||
| Q3 24 | $211.1M | $10.6B | ||
| Q2 24 | $220.3M | $10.3B |
总资产EXPIXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $442.5M | $17.6B | ||
| Q3 25 | $458.7M | $17.3B | ||
| Q2 25 | $481.2M | $17.2B | ||
| Q1 25 | $435.8M | $16.6B | ||
| Q4 24 | $390.7M | $16.5B | ||
| Q3 24 | $432.6M | $16.0B | ||
| Q2 24 | $457.4M | $15.8B |
负债/权益比EXPIXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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% | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 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EXPIXYL
| Q1 26 | — | — | ||
| Q4 25 | $13.8M | $543.0M | ||
| Q3 25 | $28.9M | $360.0M | ||
| Q2 25 | $36.1M | $305.0M | ||
| Q1 25 | $39.8M | $33.0M | ||
| Q4 24 | $13.7M | $575.0M | ||
| Q3 24 | $46.0M | $311.0M | ||
| Q2 24 | $71.1M | $288.0M |
自由现金流EXPIXYL
| Q1 26 | — | — | ||
| Q4 25 | $11.9M | $460.0M | ||
| Q3 25 | $26.6M | $281.0M | ||
| Q2 25 | $33.3M | $207.0M | ||
| Q1 25 | $37.3M | $-38.0M | ||
| Q4 24 | $11.6M | $475.0M | ||
| Q3 24 | $44.4M | $237.0M | ||
| Q2 24 | $69.7M | $215.0M |
自由现金流率EXPIXYL
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 19.2% | ||
| Q3 25 | 2.0% | 12.4% | ||
| Q2 25 | 2.5% | 9.0% | ||
| Q1 25 | 3.9% | -1.8% | ||
| Q4 24 | 1.1% | 21.1% | ||
| Q3 24 | 3.6% | 11.3% | ||
| Q2 24 | 5.4% | 9.9% |
资本支出强度EXPIXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.2% | 3.5% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.3% | 3.4% | ||
| Q4 24 | 0.2% | 4.4% | ||
| Q3 24 | 0.1% | 3.5% | ||
| Q2 24 | 0.1% | 3.4% |
现金转化率EXPIXYL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | 8.26× | 1.59× | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | 5.75× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
