In this work, we propose a new fully explicit isotropic, rate-independent, elasto-plastic model for porous materials comprising a random with uniform probability, isotropic distribution of randomly oriented spheroidal voids of the same shape. The proposed model is based on earlier homogenization estimates that use a linear comparison composite theory. The resulting expressions exhibit the simplicity of the well known Gurson model and, thus, its numerical implementation in a finite element code is straightforward. To assess the accuracy of the analytical model, we carry out detailed finite-strain, three-dimensional finite element (FE) simulations of representative volume elements (RVEs) with the corresponding microstructures. Proper minimal parameter calibration of the model leads to fairly accurate agreement of the analytical predictions with the corresponding FE average stresses and porosity evolution. We show, both analytically and numerically, that the initial aspect ratio of the voids has a significant effect on the homogenized yield surface of the porous material leading to extremely soft responses for flat oblate voids (e.g. aspect ratio less than 0.5) especially at large triaxialities. Finally, after numerical implementation of the model in a commercial finite element code (ABAQUS), we solve the industrially important problem of hole expansion and comment on the role of porous compressible plasticity versus classical incompressible plasticity.