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AtriCure, Inc.（ATRC）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
AtriCure, Inc.的季度营收约是Repay Holdings Corp的1.8倍（$140.5M vs $78.6M），AtriCure, Inc.同比增速更快（13.1% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $18.4M），过去两年AtriCure, Inc.的营收复合增速更高（13.6% vs -1.3%）
AtriCure是一家专注于心房颤动及相关心脏病症治疗的医疗设备企业，研发并生产创新外科手术工具与疗法，主要服务北美、欧洲、亚太地区的医院、心脏外科中心及医疗机构，为微创心脏手术提供高效可靠的适配解决方案。
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。
ATRC vs RPAY — 直观对比
营收规模更大
ATRC
是对方的1.8倍
$78.6M
营收增速更快
ATRC
高出12.7%
0.4%
自由现金流更多
RPAY
多$4.8M
$18.4M
两年增速更快
ATRC
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.5M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 75.0% | 74.2% |
| 营业利润率 | 1.8% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 13.1% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $0.04 | $-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ATRCRPAY
| Q4 25 | $140.5M | $78.6M | ||
| Q3 25 | $134.3M | $77.7M | ||
| Q2 25 | $136.1M | $75.6M | ||
| Q1 25 | $123.6M | $77.3M | ||
| Q4 24 | $124.3M | $78.3M | ||
| Q3 24 | $115.9M | $79.1M | ||
| Q2 24 | $116.3M | $74.9M | ||
| Q1 24 | $108.9M | $80.7M |
净利润ATRCRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-267.0K | $-6.4M | ||
| Q2 25 | $-6.2M | $-102.3M | ||
| Q1 25 | $-6.7M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-7.9M | $3.2M | ||
| Q2 24 | $-8.0M | $-4.1M | ||
| Q1 24 | $-13.3M | $-5.2M |
毛利率ATRCRPAY
| Q4 25 | 75.0% | 74.2% | ||
| Q3 25 | 75.5% | 74.4% | ||
| Q2 25 | 74.5% | 75.7% | ||
| Q1 25 | 74.9% | 75.9% | ||
| Q4 24 | 74.5% | 76.3% | ||
| Q3 24 | 74.9% | 77.8% | ||
| Q2 24 | 74.7% | 78.2% | ||
| Q1 24 | 74.7% | 76.2% |
营业利润率ATRCRPAY
| Q4 25 | 1.8% | -182.2% | ||
| Q3 25 | 0.2% | -3.9% | ||
| Q2 25 | -4.5% | -138.7% | ||
| Q1 25 | -4.8% | -4.7% | ||
| Q4 24 | -11.7% | -1.5% | ||
| Q3 24 | -6.4% | -0.9% | ||
| Q2 24 | -6.2% | -4.6% | ||
| Q1 24 | -10.0% | -3.1% |
净利率ATRCRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -0.2% | -8.3% | ||
| Q2 25 | -4.5% | -135.2% | ||
| Q1 25 | -5.5% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -6.8% | 4.1% | ||
| Q2 24 | -6.9% | -5.4% | ||
| Q1 24 | -12.2% | -6.5% |
每股收益（稀释后）ATRCRPAY
| Q4 25 | $0.04 | $-1.68 | ||
| Q3 25 | $-0.01 | $-0.08 | ||
| Q2 25 | $-0.13 | $-1.15 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $-0.33 | $-0.04 | ||
| Q3 24 | $-0.17 | $0.03 | ||
| Q2 24 | $-0.17 | $-0.04 | ||
| Q1 24 | $-0.28 | $-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 | $167.4M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $491.9M | $484.4M |
| 总资产 | $654.2M | $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ATRCRPAY
| Q4 25 | $167.4M | $115.7M | ||
| Q3 25 | $147.9M | $95.7M | ||
| Q2 25 | $117.8M | $162.6M | ||
| Q1 25 | $99.9M | $165.5M | ||
| Q4 24 | $122.7M | $189.5M | ||
| Q3 24 | $130.3M | $168.7M | ||
| Q2 24 | $114.0M | $147.1M | ||
| Q1 24 | $106.0M | $128.3M |
总债务ATRCRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | $61.9M | $279.5M | ||
| Q2 25 | $61.9M | $279.0M | ||
| Q1 25 | $61.9M | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | $61.9M | $496.2M | ||
| Q2 24 | $61.9M | $435.6M | ||
| Q1 24 | $61.9M | $434.9M |
股东权益ATRCRPAY
| Q4 25 | $491.9M | $484.4M | ||
| Q3 25 | $476.5M | $616.9M | ||
| Q2 25 | $464.5M | $633.7M | ||
| Q1 25 | $454.6M | $755.7M | ||
| Q4 24 | $461.0M | $761.3M | ||
| Q3 24 | $465.0M | $754.7M | ||
| Q2 24 | $462.1M | $815.4M | ||
| Q1 24 | $456.3M | $813.8M |
总资产ATRCRPAY
| Q4 25 | $654.2M | $1.2B | ||
| Q3 25 | $635.4M | $1.3B | ||
| Q2 25 | $608.8M | $1.4B | ||
| Q1 25 | $591.6M | $1.5B | ||
| Q4 24 | $609.3M | $1.6B | ||
| Q3 24 | $615.1M | $1.6B | ||
| Q2 24 | $597.3M | $1.5B | ||
| Q1 24 | $591.6M | $1.5B |
负债/权益比ATRCRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | 0.13× | 0.45× | ||
| Q2 25 | 0.13× | 0.44× | ||
| Q1 25 | 0.14× | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 0.13× | 0.66× | ||
| Q2 24 | 0.13× | 0.53× | ||
| Q1 24 | 0.14× | 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 | $20.0M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $18.4M | $23.2M |
| 自由现金流率自由现金流/营收 | 13.1% | 29.6% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $48.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流ATRCRPAY
| Q4 25 | $20.0M | $23.3M | ||
| Q3 25 | $26.7M | $32.2M | ||
| Q2 25 | $21.6M | $33.1M | ||
| Q1 25 | $-11.0M | $2.5M | ||
| Q4 24 | $5.8M | $34.3M | ||
| Q3 24 | $20.0M | $60.1M | ||
| Q2 24 | $7.4M | $31.0M | ||
| Q1 24 | $-21.0M | $24.8M |
自由现金流ATRCRPAY
| Q4 25 | $18.4M | $23.2M | ||
| Q3 25 | $24.1M | $32.1M | ||
| Q2 25 | $19.0M | $33.0M | ||
| Q1 25 | $-13.2M | $2.4M | ||
| Q4 24 | $3.1M | $34.0M | ||
| Q3 24 | $16.4M | $59.8M | ||
| Q2 24 | $5.0M | $30.5M | ||
| Q1 24 | $-23.8M | $24.7M |
自由现金流率ATRCRPAY
| Q4 25 | 13.1% | 29.6% | ||
| Q3 25 | 18.0% | 41.3% | ||
| Q2 25 | 13.9% | 43.6% | ||
| Q1 25 | -10.7% | 3.0% | ||
| Q4 24 | 2.5% | 43.5% | ||
| Q3 24 | 14.1% | 75.6% | ||
| Q2 24 | 4.3% | 40.7% | ||
| Q1 24 | -21.9% | 30.6% |
资本支出强度ATRCRPAY
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.9% | 0.2% | ||
| Q2 25 | 2.0% | 0.1% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 2.2% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 2.1% | 0.6% | ||
| Q1 24 | 2.5% | 0.1% |
现金转化率ATRCRPAY
| 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
ATRC
| Appendage Management | $45.5M | 32% |
| Openheart | $38.5M | 27% |
| Other | $26.2M | 19% |
| Pain Management | $22.6M | 16% |
| Minimally Invasive | $7.7M | 6% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
