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FEDERAL AGRICULTURAL MORTGAGE CORP（AGM）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
FEDERAL AGRICULTURAL MORTGAGE CORP的季度营收约是Repay Holdings Corp的1.4倍（$107.5M vs $78.6M），FEDERAL AGRICULTURAL MORTGAGE CORP同比增速更快（6.1% vs 0.4%），过去两年FEDERAL AGRICULTURAL MORTGAGE CORP的营收复合增速更高（7.1% vs -1.3%）
联邦农业抵押贷款公司（又称Farmer Mac）是由美国国会1988年依据《1987年农业信贷法案》设立、由股东持股的联邦特许企业，核心业务是搭建农业不动产及住房抵押贷款的二级市场，提升农业领域的信贷流动性，为农户、牧场主及乡村社区提供长期稳定的信贷支持。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
AGM vs RPAY — 直观对比
营收规模更大
AGM
是对方的1.4倍
$78.6M
营收增速更快
AGM
高出5.7%
0.4%
两年增速更快
AGM
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $107.5M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 56.3% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 6.1% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $3.69 | $-1.68 |
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AGMRPAY
| Q4 25 | $107.5M | $78.6M | ||
| Q3 25 | $104.0M | $77.7M | ||
| Q2 25 | $102.6M | $75.6M | ||
| Q1 25 | $94.3M | $77.3M | ||
| Q4 24 | $101.3M | $78.3M | ||
| Q3 24 | $90.3M | $79.1M | ||
| Q2 24 | $89.9M | $74.9M | ||
| Q1 24 | $93.7M | $80.7M |
净利润AGMRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $55.0M | $-6.4M | ||
| Q2 25 | $54.8M | $-102.3M | ||
| Q1 25 | $49.7M | $-7.9M | ||
| Q4 24 | $56.5M | $-4.1M | ||
| Q3 24 | $49.8M | $3.2M | ||
| Q2 24 | $47.1M | $-4.1M | ||
| Q1 24 | $53.7M | $-5.2M |
毛利率AGMRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率AGMRPAY
| Q4 25 | 56.3% | -182.2% | ||
| Q3 25 | 64.1% | -3.9% | ||
| Q2 25 | 63.8% | -138.7% | ||
| Q1 25 | 66.9% | -4.7% | ||
| Q4 24 | 67.5% | -1.5% | ||
| Q3 24 | 69.0% | -0.9% | ||
| Q2 24 | 65.9% | -4.6% | ||
| Q1 24 | 72.8% | -3.1% |
净利率AGMRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 52.9% | -8.3% | ||
| Q2 25 | 53.4% | -135.2% | ||
| Q1 25 | 52.6% | -10.3% | ||
| Q4 24 | 55.8% | -5.3% | ||
| Q3 24 | 55.2% | 4.1% | ||
| Q2 24 | 52.4% | -5.4% | ||
| Q1 24 | 57.4% | -6.5% |
每股收益（稀释后）AGMRPAY
| Q4 25 | $3.69 | $-1.68 | ||
| Q3 25 | $4.44 | $-0.08 | ||
| Q2 25 | $4.48 | $-1.15 | ||
| Q1 25 | $4.01 | $-0.09 | ||
| Q4 24 | $4.62 | $-0.04 | ||
| Q3 24 | $3.86 | $0.03 | ||
| Q2 24 | $3.68 | $-0.04 | ||
| Q1 24 | $4.28 | $-0.06 |
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 | — | $115.7M |
| 总债务越低越好 | $30.8B | $280.1M |
| 股东权益账面价值 | $1.7B | $484.4M |
| 总资产 | $35.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 17.93× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资AGMRPAY
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | $842.1M | $168.7M | ||
| Q2 24 | $923.0M | $147.1M | ||
| Q1 24 | $745.1M | $128.3M |
总债务AGMRPAY
| Q4 25 | $30.8B | $280.1M | ||
| Q3 25 | $29.2B | $279.5M | ||
| Q2 25 | $28.9B | $279.0M | ||
| Q1 25 | $28.0B | $497.6M | ||
| Q4 24 | $27.5B | $496.8M | ||
| Q3 24 | $27.2B | $496.2M | ||
| Q2 24 | $26.8B | $435.6M | ||
| Q1 24 | $26.8B | $434.9M |
股东权益AGMRPAY
| Q4 25 | $1.7B | $484.4M | ||
| Q3 25 | $1.7B | $616.9M | ||
| Q2 25 | $1.5B | $633.7M | ||
| Q1 25 | $1.5B | $755.7M | ||
| Q4 24 | $1.5B | $761.3M | ||
| Q3 24 | $1.5B | $754.7M | ||
| Q2 24 | $1.5B | $815.4M | ||
| Q1 24 | $1.5B | $813.8M |
总资产AGMRPAY
| Q4 25 | $35.4B | $1.2B | ||
| Q3 25 | $33.4B | $1.3B | ||
| Q2 25 | $33.0B | $1.4B | ||
| Q1 25 | $31.8B | $1.5B | ||
| Q4 24 | $31.3B | $1.6B | ||
| Q3 24 | $30.6B | $1.6B | ||
| Q2 24 | $30.2B | $1.5B | ||
| Q1 24 | $29.8B | $1.5B |
负债/权益比AGMRPAY
| Q4 25 | 17.93× | 0.58× | ||
| Q3 25 | 17.31× | 0.45× | ||
| Q2 25 | 18.70× | 0.44× | ||
| Q1 25 | 18.39× | 0.66× | ||
| Q4 24 | 18.48× | 0.65× | ||
| Q3 24 | 18.60× | 0.66× | ||
| Q2 24 | 17.87× | 0.53× | ||
| Q1 24 | 18.11× | 0.53× |
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 | $80.1M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.1% |
| 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流AGMRPAY
| Q4 25 | $80.1M | $23.3M | ||
| Q3 25 | $74.2M | $32.2M | ||
| Q2 25 | $-47.7M | $33.1M | ||
| Q1 25 | $-49.8M | $2.5M | ||
| Q4 24 | $612.6M | $34.3M | ||
| Q3 24 | $-44.4M | $60.1M | ||
| Q2 24 | $56.1M | $31.0M | ||
| Q1 24 | $233.3M | $24.8M |
自由现金流AGMRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $607.4M | $34.0M | ||
| Q3 24 | $-44.4M | $59.8M | ||
| Q2 24 | $52.6M | $30.5M | ||
| Q1 24 | $231.7M | $24.7M |
自由现金流率AGMRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | 599.8% | 43.5% | ||
| Q3 24 | -49.2% | 75.6% | ||
| Q2 24 | 58.5% | 40.7% | ||
| Q1 24 | 247.3% | 30.6% |
资本支出强度AGMRPAY
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 5.2% | 0.3% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 4.0% | 0.6% | ||
| Q1 24 | 1.7% | 0.1% |
现金转化率AGMRPAY
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | 18.52× | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 4.34× | — |
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
AGM
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
