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AEMETIS, INC（AMTX）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AEMETIS, INC的1.8倍（$78.6M vs $43.3M），Repay Holdings Corp同比增速更快（0.4% vs -7.9%），Repay Holdings Corp自由现金流更多（$23.2M vs $-10.8M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -22.8%）
Aemetis是一家可再生燃料与可持续生物化学品生产商，业务覆盖北美和印度市场，核心产品包括低碳乙醇、可再生天然气及生物柴油，主要服务交通、工业和农业领域，为商业客户提供脱碳解决方案。
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。
AMTX vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.8倍
$43.3M
营收增速更快
RPAY
高出8.3%
-7.9%
自由现金流更多
RPAY
多$34.0M
$-10.8M
两年增速更快
RPAY
近两年复合增速
-22.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 17.8% | 74.2% |
| 营业利润率 | -5.7% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | -7.9% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $-0.03 | $-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AMTXRPAY
| Q4 25 | $43.3M | $78.6M | ||
| Q3 25 | $59.2M | $77.7M | ||
| Q2 25 | $52.2M | $75.6M | ||
| Q1 25 | $42.9M | $77.3M | ||
| Q4 24 | $47.0M | $78.3M | ||
| Q3 24 | $81.4M | $79.1M | ||
| Q2 24 | $66.6M | $74.9M | ||
| Q1 24 | $72.6M | $80.7M |
净利润AMTXRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-23.7M | $-6.4M | ||
| Q2 25 | $-23.4M | $-102.3M | ||
| Q1 25 | $-24.5M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-17.9M | $3.2M | ||
| Q2 24 | $-29.2M | $-4.1M | ||
| Q1 24 | $-24.2M | $-5.2M |
毛利率AMTXRPAY
| Q4 25 | 17.8% | 74.2% | ||
| Q3 25 | -0.1% | 74.4% | ||
| Q2 25 | -6.4% | 75.7% | ||
| Q1 25 | -11.8% | 75.9% | ||
| Q4 24 | -4.3% | 76.3% | ||
| Q3 24 | 4.8% | 77.8% | ||
| Q2 24 | -2.7% | 78.2% | ||
| Q1 24 | -0.8% | 76.2% |
营业利润率AMTXRPAY
| Q4 25 | -5.7% | -182.2% | ||
| Q3 25 | -14.4% | -3.9% | ||
| Q2 25 | -20.4% | -138.7% | ||
| Q1 25 | -36.3% | -4.7% | ||
| Q4 24 | -28.7% | -1.5% | ||
| Q3 24 | -4.8% | -0.9% | ||
| Q2 24 | -20.4% | -4.6% | ||
| Q1 24 | -13.0% | -3.1% |
净利率AMTXRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -40.1% | -8.3% | ||
| Q2 25 | -44.8% | -135.2% | ||
| Q1 25 | -57.2% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -22.0% | 4.1% | ||
| Q2 24 | -43.8% | -5.4% | ||
| Q1 24 | -33.4% | -6.5% |
每股收益（稀释后）AMTXRPAY
| Q4 25 | $-0.03 | $-1.68 | ||
| Q3 25 | $-0.37 | $-0.08 | ||
| Q2 25 | $-0.41 | $-1.15 | ||
| Q1 25 | $-0.47 | $-0.09 | ||
| Q4 24 | $-0.29 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.03 | ||
| Q2 24 | $-0.66 | $-0.04 | ||
| Q1 24 | $-0.58 | $-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 | $4.9M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $-306.8M | $484.4M |
| 总资产 | $259.8M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资AMTXRPAY
| Q4 25 | $4.9M | $115.7M | ||
| Q3 25 | $5.6M | $95.7M | ||
| Q2 25 | $1.6M | $162.6M | ||
| Q1 25 | $499.0K | $165.5M | ||
| Q4 24 | $898.0K | $189.5M | ||
| Q3 24 | $296.0K | $168.7M | ||
| Q2 24 | $234.0K | $147.1M | ||
| Q1 24 | $1.6M | $128.3M |
总债务AMTXRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $338.1M | $496.8M | ||
| Q3 24 | $322.2M | $496.2M | ||
| Q2 24 | $309.0M | $435.6M | ||
| Q1 24 | $307.2M | $434.9M |
股东权益AMTXRPAY
| Q4 25 | $-306.8M | $484.4M | ||
| Q3 25 | $-304.9M | $616.9M | ||
| Q2 25 | $-289.3M | $633.7M | ||
| Q1 25 | $-280.7M | $755.7M | ||
| Q4 24 | $-263.9M | $761.3M | ||
| Q3 24 | $-258.9M | $754.7M | ||
| Q2 24 | $-249.0M | $815.4M | ||
| Q1 24 | $-232.1M | $813.8M |
总资产AMTXRPAY
| Q4 25 | $259.8M | $1.2B | ||
| Q3 25 | $241.1M | $1.3B | ||
| Q2 25 | $240.0M | $1.4B | ||
| Q1 25 | $242.5M | $1.5B | ||
| Q4 24 | $259.3M | $1.6B | ||
| Q3 24 | $259.3M | $1.6B | ||
| Q2 24 | $259.3M | $1.5B | ||
| Q1 24 | $259.3M | $1.5B |
负债/权益比AMTXRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 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 | $5.8M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $23.2M |
| 自由现金流率自由现金流/营收 | -24.9% | 29.6% |
| 资本支出强度资本支出/营收 | 38.2% | 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 | $-22.7M | $90.7M |
8季度趋势，按日历期对齐
经营现金流AMTXRPAY
| Q4 25 | $5.8M | $23.3M | ||
| Q3 25 | $3.1M | $32.2M | ||
| Q2 25 | $-5.7M | $33.1M | ||
| Q1 25 | $160.0K | $2.5M | ||
| Q4 24 | $-12.6M | $34.3M | ||
| Q3 24 | $-5.0M | $60.1M | ||
| Q2 24 | $-5.1M | $31.0M | ||
| Q1 24 | $-10.3M | $24.8M |
自由现金流AMTXRPAY
| Q4 25 | $-10.8M | $23.2M | ||
| Q3 25 | $-1.0M | $32.1M | ||
| Q2 25 | $-9.3M | $33.0M | ||
| Q1 25 | $-1.7M | $2.4M | ||
| Q4 24 | $-19.4M | $34.0M | ||
| Q3 24 | $-9.5M | $59.8M | ||
| Q2 24 | $-10.5M | $30.5M | ||
| Q1 24 | $-13.9M | $24.7M |
自由现金流率AMTXRPAY
| Q4 25 | -24.9% | 29.6% | ||
| Q3 25 | -1.7% | 41.3% | ||
| Q2 25 | -17.7% | 43.6% | ||
| Q1 25 | -3.9% | 3.0% | ||
| Q4 24 | -41.2% | 43.5% | ||
| Q3 24 | -11.6% | 75.6% | ||
| Q2 24 | -15.8% | 40.7% | ||
| Q1 24 | -19.1% | 30.6% |
资本支出强度AMTXRPAY
| Q4 25 | 38.2% | 0.1% | ||
| Q3 25 | 6.9% | 0.2% | ||
| Q2 25 | 6.7% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 14.4% | 0.3% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 8.1% | 0.6% | ||
| Q1 24 | 4.9% | 0.1% |
现金转化率AMTXRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
