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Apollo Commercial Real Estate Finance, Inc.（ARI）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Apollo Commercial Real Estate Finance, Inc.的1.1倍（$78.6M vs $73.3M），Apollo Commercial Real Estate Finance, Inc.净利率更高（39.9% vs -178.3%，领先218.2%），Apollo Commercial Real Estate Finance, Inc.同比增速更快（4.0% vs 0.4%），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -4.6%）
阿波罗商业房地产金融公司是一家房地产投资信托企业，主要发起、收购并管理商业地产债务资产，包括优先抵押贷款、夹层贷款及商业抵押贷款支持证券，主营美国市场，致力于为投资者创造稳定收益。
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。
ARI vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.1倍
$73.3M
营收增速更快
ARI
高出3.6%
0.4%
净利率更高
ARI
高出218.2%
-178.3%
两年增速更快
RPAY
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $73.3M | $78.6M |
| 净利润 | $29.2M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 39.7% | -182.2% |
| 净利率 | 39.9% | -178.3% |
| 营收同比 | 4.0% | 0.4% |
| 净利润同比 | -28.2% | -3304.1% |
| 每股收益（稀释后） | $0.19 | $-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ARIRPAY
| Q4 25 | $73.3M | $78.6M | ||
| Q3 25 | $61.6M | $77.7M | ||
| Q2 25 | $70.9M | $75.6M | ||
| Q1 25 | $65.8M | $77.3M | ||
| Q4 24 | $70.5M | $78.3M | ||
| Q3 24 | $71.6M | $79.1M | ||
| Q2 24 | $81.1M | $74.9M | ||
| Q1 24 | $80.5M | $80.7M |
净利润ARIRPAY
| Q4 25 | $29.2M | $-140.1M | ||
| Q3 25 | $50.8M | $-6.4M | ||
| Q2 25 | $20.7M | $-102.3M | ||
| Q1 25 | $26.0M | $-7.9M | ||
| Q4 24 | $40.7M | $-4.1M | ||
| Q3 24 | $-91.5M | $3.2M | ||
| Q2 24 | $35.8M | $-4.1M | ||
| Q1 24 | $-104.5M | $-5.2M |
毛利率ARIRPAY
| 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ARIRPAY
| Q4 25 | 39.7% | -182.2% | ||
| Q3 25 | 82.8% | -3.9% | ||
| Q2 25 | 29.4% | -138.7% | ||
| Q1 25 | 39.7% | -4.7% | ||
| Q4 24 | 57.9% | -1.5% | ||
| Q3 24 | -127.8% | -0.9% | ||
| Q2 24 | 44.2% | -4.6% | ||
| Q1 24 | -129.6% | -3.1% |
净利率ARIRPAY
| Q4 25 | 39.9% | -178.3% | ||
| Q3 25 | 82.4% | -8.3% | ||
| Q2 25 | 29.3% | -135.2% | ||
| Q1 25 | 39.5% | -10.3% | ||
| Q4 24 | 57.7% | -5.3% | ||
| Q3 24 | -127.9% | 4.1% | ||
| Q2 24 | 44.1% | -5.4% | ||
| Q1 24 | -129.8% | -6.5% |
每股收益（稀释后）ARIRPAY
| Q4 25 | $0.19 | $-1.68 | ||
| Q3 25 | $0.34 | $-0.08 | ||
| Q2 25 | $0.12 | $-1.15 | ||
| Q1 25 | $0.16 | $-0.09 | ||
| Q4 24 | $0.25 | $-0.04 | ||
| Q3 24 | $-0.69 | $0.03 | ||
| Q2 24 | $0.23 | $-0.04 | ||
| Q1 24 | $-0.76 | $-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 | $139.8M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $1.9B | $484.4M |
| 总资产 | $9.9B | $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ARIRPAY
| Q4 25 | $139.8M | $115.7M | ||
| Q3 25 | $245.9M | $95.7M | ||
| Q2 25 | $177.6M | $162.6M | ||
| Q1 25 | $166.4M | $165.5M | ||
| Q4 24 | $317.4M | $189.5M | ||
| Q3 24 | $194.3M | $168.7M | ||
| Q2 24 | $174.7M | $147.1M | ||
| Q1 24 | $161.2M | $128.3M |
总债务ARIRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益ARIRPAY
| Q4 25 | $1.9B | $484.4M | ||
| Q3 25 | $1.9B | $616.9M | ||
| Q2 25 | $1.8B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $1.9B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $2.0B | $815.4M | ||
| Q1 24 | $2.0B | $813.8M |
总资产ARIRPAY
| Q4 25 | $9.9B | $1.2B | ||
| Q3 25 | $9.5B | $1.3B | ||
| Q2 25 | $9.8B | $1.4B | ||
| Q1 25 | $8.8B | $1.5B | ||
| Q4 24 | $8.4B | $1.6B | ||
| Q3 24 | $9.1B | $1.6B | ||
| Q2 24 | $9.3B | $1.5B | ||
| Q1 24 | $9.2B | $1.5B |
负债/权益比ARIRPAY
| 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 | $142.5M | $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 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 4.88× | — |
| 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ARIRPAY
| Q4 25 | $142.5M | $23.3M | ||
| Q3 25 | $31.7M | $32.2M | ||
| Q2 25 | $63.2M | $33.1M | ||
| Q1 25 | $39.3M | $2.5M | ||
| Q4 24 | $200.3M | $34.3M | ||
| Q3 24 | $47.2M | $60.1M | ||
| Q2 24 | $50.2M | $31.0M | ||
| Q1 24 | $52.8M | $24.8M |
自由现金流ARIRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率ARIRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度ARIRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率ARIRPAY
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 1.40× | — | ||
| 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
ARI
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% |
