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AlTi Global, Inc.（ALTI）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
AlTi Global, Inc.的季度营收约是Repay Holdings Corp的1.1倍（$86.6M vs $78.6M），AlTi Global, Inc.净利率更高（-15.1% vs -178.3%，领先163.2%），AlTi Global, Inc.同比增速更快（87.0% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs -1.3%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
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。
ALTI vs RPAY — 直观对比
营收规模更大
ALTI
是对方的1.1倍
$78.6M
营收增速更快
ALTI
高出86.6%
0.4%
净利率更高
ALTI
高出163.2%
-178.3%
自由现金流更多
RPAY
多$75.5M
$-52.2M
两年增速更快
ALTI
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $78.6M |
| 净利润 | $-13.1M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -2.1% | -182.2% |
| 净利率 | -15.1% | -178.3% |
| 营收同比 | 87.0% | 0.4% |
| 净利润同比 | 75.6% | -3304.1% |
| 每股收益（稀释后） | — | $-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ALTIRPAY
| Q4 25 | $86.6M | $78.6M | ||
| Q3 25 | $57.2M | $77.7M | ||
| Q2 25 | $53.1M | $75.6M | ||
| Q1 25 | $58.0M | $77.3M | ||
| Q4 24 | $46.3M | $78.3M | ||
| Q3 24 | $51.8M | $79.1M | ||
| Q2 24 | $49.5M | $74.9M | ||
| Q1 24 | $50.8M | $80.7M |
净利润ALTIRPAY
| Q4 25 | $-13.1M | $-140.1M | ||
| Q3 25 | $-84.1M | $-6.4M | ||
| Q2 25 | $-24.4M | $-102.3M | ||
| Q1 25 | $1.9M | $-7.9M | ||
| Q4 24 | $-53.8M | $-4.1M | ||
| Q3 24 | $-72.5M | $3.2M | ||
| Q2 24 | $-6.4M | $-4.1M | ||
| Q1 24 | $29.7M | $-5.2M |
毛利率ALTIRPAY
| 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ALTIRPAY
| Q4 25 | -2.1% | -182.2% | ||
| Q3 25 | -49.8% | -3.9% | ||
| Q2 25 | -56.7% | -138.7% | ||
| Q1 25 | -23.3% | -4.7% | ||
| Q4 24 | -42.7% | -1.5% | ||
| Q3 24 | -18.4% | -0.9% | ||
| Q2 24 | -30.2% | -4.6% | ||
| Q1 24 | -28.9% | -3.1% |
净利率ALTIRPAY
| Q4 25 | -15.1% | -178.3% | ||
| Q3 25 | -147.0% | -8.3% | ||
| Q2 25 | -45.9% | -135.2% | ||
| Q1 25 | 3.3% | -10.3% | ||
| Q4 24 | -116.1% | -5.3% | ||
| Q3 24 | -140.0% | 4.1% | ||
| Q2 24 | -12.9% | -5.4% | ||
| Q1 24 | 58.4% | -6.5% |
每股收益（稀释后）ALTIRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | $-0.33 | $-1.15 | ||
| Q1 25 | $-0.04 | $-0.09 | ||
| Q4 24 | $-0.71 | $-0.04 | ||
| Q3 24 | $-0.88 | $0.03 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $115.7M |
| 总债务越低越好 | $883.0K | $280.1M |
| 股东权益账面价值 | $600.1M | $484.4M |
| 总资产 | $1.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资ALTIRPAY
| Q4 25 | $41.2M | $115.7M | ||
| Q3 25 | $35.8M | $95.7M | ||
| Q2 25 | $42.4M | $162.6M | ||
| Q1 25 | $52.8M | $165.5M | ||
| Q4 24 | $64.4M | $189.5M | ||
| Q3 24 | $220.6M | $168.7M | ||
| Q2 24 | $60.0M | $147.1M | ||
| Q1 24 | $134.2M | $128.3M |
总债务ALTIRPAY
| Q4 25 | $883.0K | $280.1M | ||
| Q3 25 | $586.0K | $279.5M | ||
| Q2 25 | $673.0K | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $0 | $496.8M | ||
| Q3 24 | $128.4M | $496.2M | ||
| Q2 24 | $164.0M | $435.6M | ||
| Q1 24 | $183.7M | $434.9M |
股东权益ALTIRPAY
| Q4 25 | $600.1M | $484.4M | ||
| Q3 25 | $607.2M | $616.9M | ||
| Q2 25 | $685.4M | $633.7M | ||
| Q1 25 | $665.2M | $755.7M | ||
| Q4 24 | $658.4M | $761.3M | ||
| Q3 24 | $707.0M | $754.7M | ||
| Q2 24 | $540.2M | $815.4M | ||
| Q1 24 | $510.9M | $813.8M |
总资产ALTIRPAY
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
负债/权益比ALTIRPAY
| Q4 25 | 0.00× | 0.58× | ||
| Q3 25 | 0.00× | 0.45× | ||
| Q2 25 | 0.00× | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 0.00× | 0.65× | ||
| Q3 24 | 0.18× | 0.66× | ||
| Q2 24 | 0.30× | 0.53× | ||
| Q1 24 | 0.36× | 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 | $-51.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -60.3% | 29.6% |
| 资本支出强度资本支出/营收 | 0.9% | 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ALTIRPAY
| Q4 25 | $-51.4M | $23.3M | ||
| Q3 25 | $-53.5M | $32.2M | ||
| Q2 25 | $-19.9M | $33.1M | ||
| Q1 25 | $-30.2M | $2.5M | ||
| Q4 24 | $-50.7M | $34.3M | ||
| Q3 24 | $-4.9M | $60.1M | ||
| Q2 24 | $-30.2M | $31.0M | ||
| Q1 24 | $-15.5M | $24.8M |
自由现金流ALTIRPAY
| Q4 25 | $-52.2M | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | $-20.0M | $33.0M | ||
| Q1 25 | $-31.0M | $2.4M | ||
| Q4 24 | $-58.2M | $34.0M | ||
| Q3 24 | $-9.4M | $59.8M | ||
| Q2 24 | $-31.2M | $30.5M | ||
| Q1 24 | $-15.7M | $24.7M |
自由现金流率ALTIRPAY
| Q4 25 | -60.3% | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | -37.6% | 43.6% | ||
| Q1 25 | -53.4% | 3.0% | ||
| Q4 24 | -125.7% | 43.5% | ||
| Q3 24 | -18.2% | 75.6% | ||
| Q2 24 | -63.2% | 40.7% | ||
| Q1 24 | -30.9% | 30.6% |
资本支出强度ALTIRPAY
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 16.3% | 0.3% | ||
| Q3 24 | 8.7% | 0.3% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 0.4% | 0.1% |
现金转化率ALTIRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
