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BRANDYWINE REALTY TRUST（BDN）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
BRANDYWINE REALTY TRUST的季度营收约是Repay Holdings Corp的1.6倍（$127.0M vs $78.6M），BRANDYWINE REALTY TRUST净利率更高（-38.4% vs -178.3%，领先139.9%），BRANDYWINE REALTY TRUST同比增速更快（4.5% vs 0.4%），过去两年BRANDYWINE REALTY TRUST的营收复合增速更高（0.7% vs -1.3%）
白兰地房地产信托是一家总部位于费城的房地产投资信托基金（REIT），核心投资方向为费城、华盛顿特区以及德克萨斯州奥斯汀的写字楼物业，是美国聚焦核心都市商务地产的专业REIT运营商。
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。
BDN vs RPAY — 直观对比
营收规模更大
BDN
是对方的1.6倍
$78.6M
营收增速更快
BDN
高出4.1%
0.4%
净利率更高
BDN
高出139.9%
-178.3%
两年增速更快
BDN
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.0M | $78.6M |
| 净利润 | $-48.8M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 1.2% | -182.2% |
| 净利率 | -38.4% | -178.3% |
| 营收同比 | 4.5% | 0.4% |
| 净利润同比 | -80.4% | -3304.1% |
| 每股收益（稀释后） | $-0.28 | $-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BDNRPAY
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $78.6M | ||
| Q3 25 | $121.4M | $77.7M | ||
| Q2 25 | $120.6M | $75.6M | ||
| Q1 25 | $121.5M | $77.3M | ||
| Q4 24 | $121.9M | $78.3M | ||
| Q3 24 | $131.8M | $79.1M | ||
| Q2 24 | $125.3M | $74.9M |
净利润BDNRPAY
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-140.1M | ||
| Q3 25 | $-25.9M | $-6.4M | ||
| Q2 25 | $-88.7M | $-102.3M | ||
| Q1 25 | $-27.0M | $-7.9M | ||
| Q4 24 | $-44.5M | $-4.1M | ||
| Q3 24 | $-165.2M | $3.2M | ||
| Q2 24 | $30.2M | $-4.1M |
毛利率BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 74.2% | ||
| Q3 25 | 62.6% | 74.4% | ||
| Q2 25 | 62.4% | 75.7% | ||
| Q1 25 | 60.8% | 75.9% | ||
| Q4 24 | 61.2% | 76.3% | ||
| Q3 24 | 64.9% | 77.8% | ||
| Q2 24 | 63.1% | 78.2% |
营业利润率BDNRPAY
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -182.2% | ||
| Q3 25 | 20.8% | -3.9% | ||
| Q2 25 | -34.3% | -138.7% | ||
| Q1 25 | 12.5% | -4.7% | ||
| Q4 24 | 18.0% | -1.5% | ||
| Q3 24 | -7.2% | -0.9% | ||
| Q2 24 | 15.5% | -4.6% |
净利率BDNRPAY
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -178.3% | ||
| Q3 25 | -21.3% | -8.3% | ||
| Q2 25 | -73.5% | -135.2% | ||
| Q1 25 | -22.2% | -10.3% | ||
| Q4 24 | -36.5% | -5.3% | ||
| Q3 24 | -125.4% | 4.1% | ||
| Q2 24 | 24.1% | -5.4% |
每股收益（稀释后）BDNRPAY
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-1.68 | ||
| Q3 25 | $-0.15 | $-0.08 | ||
| Q2 25 | $-0.51 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $-0.25 | $-0.04 | ||
| Q3 24 | $-0.96 | $0.03 | ||
| Q2 24 | $0.17 | $-0.04 |
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 | $36.2M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | — | $484.4M |
| 总资产 | $3.6B | $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BDNRPAY
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $115.7M | ||
| Q3 25 | $75.5M | $95.7M | ||
| Q2 25 | $122.6M | $162.6M | ||
| Q1 25 | $29.4M | $165.5M | ||
| Q4 24 | $90.2M | $189.5M | ||
| Q3 24 | $36.5M | $168.7M | ||
| Q2 24 | $30.4M | $147.1M |
总债务BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $280.1M | ||
| Q3 25 | $2.3B | $279.5M | ||
| Q2 25 | $2.3B | $279.0M | ||
| Q1 25 | $2.2B | $497.6M | ||
| Q4 24 | $2.2B | $496.8M | ||
| Q3 24 | $2.3B | $496.2M | ||
| Q2 24 | $2.2B | $435.6M |
股东权益BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $484.4M | ||
| Q3 25 | $841.5M | $616.9M | ||
| Q2 25 | $879.8M | $633.7M | ||
| Q1 25 | $993.6M | $755.7M | ||
| Q4 24 | $1.0B | $761.3M | ||
| Q3 24 | $1.1B | $754.7M | ||
| Q2 24 | $1.3B | $815.4M |
总资产BDNRPAY
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.2B | ||
| Q3 25 | $3.3B | $1.3B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.4B | $1.5B | ||
| Q4 24 | $3.5B | $1.6B | ||
| Q3 24 | $3.6B | $1.6B | ||
| Q2 24 | $3.8B | $1.5B |
负债/权益比BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 0.58× | ||
| Q3 25 | 2.70× | 0.45× | ||
| Q2 25 | 2.63× | 0.44× | ||
| Q1 25 | 2.23× | 0.66× | ||
| Q4 24 | 2.13× | 0.65× | ||
| Q3 24 | 2.06× | 0.66× | ||
| Q2 24 | 1.73× | 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 | — | $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 | — | — |
| 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BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $23.3M | ||
| Q3 25 | $47.5M | $32.2M | ||
| Q2 25 | $34.4M | $33.1M | ||
| Q1 25 | $6.3M | $2.5M | ||
| Q4 24 | $181.1M | $34.3M | ||
| Q3 24 | $52.2M | $60.1M | ||
| Q2 24 | $48.2M | $31.0M |
自由现金流BDNRPAY
| Q1 26 | — | — | ||
| 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 |
自由现金流率BDNRPAY
| Q1 26 | — | — | ||
| 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% |
资本支出强度BDNRPAY
| Q1 26 | — | — | ||
| 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% |
现金转化率BDNRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 1.60× | — |
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
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
