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ALERUS FINANCIAL CORP（ALRS）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
Repay Holdings Corp的季度营收约是ALERUS FINANCIAL CORP的1.7倍（$78.6M vs $45.2M），ALERUS FINANCIAL CORP净利率更高（-73.2% vs -178.3%，领先105.1%），ALERUS FINANCIAL CORP同比增速更快（18.0% vs 0.4%），ALERUS FINANCIAL CORP自由现金流更多（$58.8M vs $23.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -2.5%）
阿勒鲁斯金融公司（品牌简称Alerus）是一家连锁金融机构，总部位于北达科他州大福克斯，网点分布在北达科他、明尼苏达、威斯康星与亚利桑那州，为客户提供银行、抵押贷款、财富管理以及退休规划等多种金融服务。
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。
ALRS vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.7倍
$45.2M
营收增速更快
ALRS
高出17.6%
0.4%
净利率更高
ALRS
高出105.1%
-178.3%
自由现金流更多
ALRS
多$35.6M
$23.2M
两年增速更快
RPAY
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.2M | $78.6M |
| 净利润 | $-33.1M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -96.0% | -182.2% |
| 净利率 | -73.2% | -178.3% |
| 营收同比 | 18.0% | 0.4% |
| 净利润同比 | -49232.8% | -3304.1% |
| 每股收益（稀释后） | $-1.27 | $-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ALRSRPAY
| Q4 25 | $45.2M | $78.6M | ||
| Q3 25 | $72.6M | $77.7M | ||
| Q2 25 | $74.8M | $75.6M | ||
| Q1 25 | $68.8M | $77.3M | ||
| Q4 24 | $72.2M | $78.3M | ||
| Q3 24 | $50.9M | $79.1M | ||
| Q2 24 | $51.4M | $74.9M | ||
| Q1 24 | $47.5M | $80.7M |
净利润ALRSRPAY
| Q4 25 | $-33.1M | $-140.1M | ||
| Q3 25 | $16.9M | $-6.4M | ||
| Q2 25 | $20.3M | $-102.3M | ||
| Q1 25 | $13.3M | $-7.9M | ||
| Q4 24 | $-67.0K | $-4.1M | ||
| Q3 24 | $5.2M | $3.2M | ||
| Q2 24 | $6.2M | $-4.1M | ||
| Q1 24 | $6.4M | $-5.2M |
毛利率ALRSRPAY
| 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ALRSRPAY
| Q4 25 | -96.0% | -182.2% | ||
| Q3 25 | 30.4% | -3.9% | ||
| Q2 25 | 35.2% | -138.7% | ||
| Q1 25 | 25.5% | -4.7% | ||
| Q4 24 | -0.8% | -1.5% | ||
| Q3 24 | 13.4% | -0.9% | ||
| Q2 24 | 15.8% | -4.6% | ||
| Q1 24 | 17.9% | -3.1% |
净利率ALRSRPAY
| Q4 25 | -73.2% | -178.3% | ||
| Q3 25 | 23.3% | -8.3% | ||
| Q2 25 | 27.1% | -135.2% | ||
| Q1 25 | 19.4% | -10.3% | ||
| Q4 24 | -0.2% | -5.3% | ||
| Q3 24 | 10.2% | 4.1% | ||
| Q2 24 | 12.1% | -5.4% | ||
| Q1 24 | 13.5% | -6.5% |
每股收益（稀释后）ALRSRPAY
| Q4 25 | $-1.27 | $-1.68 | ||
| Q3 25 | $0.65 | $-0.08 | ||
| Q2 25 | $0.78 | $-1.15 | ||
| Q1 25 | $0.52 | $-0.09 | ||
| Q4 24 | $-0.06 | $-0.04 | ||
| Q3 24 | $0.26 | $0.03 | ||
| Q2 24 | $0.31 | $-0.04 | ||
| Q1 24 | $0.32 | $-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 | $67.2M | $115.7M |
| 总债务越低越好 | $59.2M | $280.1M |
| 股东权益账面价值 | $564.9M | $484.4M |
| 总资产 | $5.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.10× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资ALRSRPAY
| Q4 25 | $67.2M | $115.7M | ||
| Q3 25 | $92.0M | $95.7M | ||
| Q2 25 | $80.9M | $162.6M | ||
| Q1 25 | $83.0M | $165.5M | ||
| Q4 24 | $61.2M | $189.5M | ||
| Q3 24 | $66.0M | $168.7M | ||
| Q2 24 | $438.1M | $147.1M | ||
| Q1 24 | $545.8M | $128.3M |
总债务ALRSRPAY
| Q4 25 | $59.2M | $280.1M | ||
| Q3 25 | $59.2M | $279.5M | ||
| Q2 25 | $59.1M | $279.0M | ||
| Q1 25 | $59.1M | $497.6M | ||
| Q4 24 | $59.1M | $496.8M | ||
| Q3 24 | $59.0M | $496.2M | ||
| Q2 24 | $59.0M | $435.6M | ||
| Q1 24 | $59.0M | $434.9M |
股东权益ALRSRPAY
| Q4 25 | $564.9M | $484.4M | ||
| Q3 25 | $550.7M | $616.9M | ||
| Q2 25 | $533.2M | $633.7M | ||
| Q1 25 | $514.2M | $755.7M | ||
| Q4 24 | $495.4M | $761.3M | ||
| Q3 24 | $386.5M | $754.7M | ||
| Q2 24 | $373.2M | $815.4M | ||
| Q1 24 | $371.6M | $813.8M |
总资产ALRSRPAY
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.3B | $1.3B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.3B | $1.6B | ||
| Q3 24 | $4.4B | $1.6B | ||
| Q2 24 | $4.4B | $1.5B | ||
| Q1 24 | $4.3B | $1.5B |
负债/权益比ALRSRPAY
| Q4 25 | 0.10× | 0.58× | ||
| Q3 25 | 0.11× | 0.45× | ||
| Q2 25 | 0.11× | 0.44× | ||
| Q1 25 | 0.11× | 0.66× | ||
| Q4 24 | 0.12× | 0.65× | ||
| Q3 24 | 0.15× | 0.66× | ||
| Q2 24 | 0.16× | 0.53× | ||
| Q1 24 | 0.16× | 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 | $67.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $58.8M | $23.2M |
| 自由现金流率自由现金流/营收 | 130.2% | 29.6% |
| 资本支出强度资本支出/营收 | 19.3% | 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 | $102.4M | $90.7M |
8季度趋势，按日历期对齐
经营现金流ALRSRPAY
| Q4 25 | $67.5M | $23.3M | ||
| Q3 25 | $32.8M | $32.2M | ||
| Q2 25 | $10.7M | $33.1M | ||
| Q1 25 | $7.7M | $2.5M | ||
| Q4 24 | $21.7M | $34.3M | ||
| Q3 24 | $20.2M | $60.1M | ||
| Q2 24 | $-12.5M | $31.0M | ||
| Q1 24 | $11.7M | $24.8M |
自由现金流ALRSRPAY
| Q4 25 | $58.8M | $23.2M | ||
| Q3 25 | $30.3M | $32.1M | ||
| Q2 25 | $7.6M | $33.0M | ||
| Q1 25 | $5.7M | $2.4M | ||
| Q4 24 | $9.4M | $34.0M | ||
| Q3 24 | $17.4M | $59.8M | ||
| Q2 24 | $-16.1M | $30.5M | ||
| Q1 24 | $10.8M | $24.7M |
自由现金流率ALRSRPAY
| Q4 25 | 130.2% | 29.6% | ||
| Q3 25 | 41.8% | 41.3% | ||
| Q2 25 | 10.1% | 43.6% | ||
| Q1 25 | 8.2% | 3.0% | ||
| Q4 24 | 13.0% | 43.5% | ||
| Q3 24 | 34.2% | 75.6% | ||
| Q2 24 | -31.4% | 40.7% | ||
| Q1 24 | 22.8% | 30.6% |
资本支出强度ALRSRPAY
| Q4 25 | 19.3% | 0.1% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 4.2% | 0.1% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 17.1% | 0.3% | ||
| Q3 24 | 5.4% | 0.3% | ||
| Q2 24 | 7.2% | 0.6% | ||
| Q1 24 | 1.9% | 0.1% |
现金转化率ALRSRPAY
| Q4 25 | — | — | ||
| Q3 25 | 1.94× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.88× | 18.52× | ||
| Q2 24 | -2.01× | — | ||
| Q1 24 | 1.82× | — |
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
ALRS
| Other | $17.3M | 38% |
| Retirement And Benefit Services | $17.3M | 38% |
| Wealth Management | $7.4M | 16% |
| Mortgage Banking | $3.2M | 7% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
