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Bank First Corp（BFC）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Bank First Corp的1.7倍（$78.6M vs $44.9M），Bank First Corp净利率更高（45.8% vs -178.3%，领先224.1%），Bank First Corp同比增速更快（12.1% vs 0.4%），Bank First Corp自由现金流更多（$51.0M vs $23.2M），过去两年Bank First Corp的营收复合增速更高（9.1% vs -1.3%）
First Horizon Corporation（前身为田纳西第一银行）是一家成立于1864年、总部位于美国田纳西州孟菲斯的金融服务企业。通过旗下子公司First Horizon银行，其业务覆盖美国东南部12个州，是该区域第四大区域性银行。
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。
BFC vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.7倍
$44.9M
营收增速更快
BFC
高出11.7%
0.4%
净利率更高
BFC
高出224.1%
-178.3%
自由现金流更多
BFC
多$27.8M
$23.2M
两年增速更快
BFC
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $44.9M | $78.6M |
| 净利润 | $18.4M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 51.0% | -182.2% |
| 净利率 | 45.8% | -178.3% |
| 营收同比 | 12.1% | 0.4% |
| 净利润同比 | 4.8% | -3304.1% |
| 每股收益（稀释后） | $1.87 | $-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BFCRPAY
| Q4 25 | $44.9M | $78.6M | ||
| Q3 25 | $44.2M | $77.7M | ||
| Q2 25 | $41.6M | $75.6M | ||
| Q1 25 | $43.1M | $77.3M | ||
| Q4 24 | $40.1M | $78.3M | ||
| Q3 24 | $40.8M | $79.1M | ||
| Q2 24 | $38.9M | $74.9M | ||
| Q1 24 | $37.7M | $80.7M |
净利润BFCRPAY
| Q4 25 | $18.4M | $-140.1M | ||
| Q3 25 | $18.0M | $-6.4M | ||
| Q2 25 | $16.9M | $-102.3M | ||
| Q1 25 | $18.2M | $-7.9M | ||
| Q4 24 | $17.5M | $-4.1M | ||
| Q3 24 | $16.6M | $3.2M | ||
| Q2 24 | $16.1M | $-4.1M | ||
| Q1 24 | $15.4M | $-5.2M |
毛利率BFCRPAY
| 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BFCRPAY
| Q4 25 | 51.0% | -182.2% | ||
| Q3 25 | 50.8% | -3.9% | ||
| Q2 25 | 49.7% | -138.7% | ||
| Q1 25 | 51.3% | -4.7% | ||
| Q4 24 | 54.4% | -1.5% | ||
| Q3 24 | 50.7% | -0.9% | ||
| Q2 24 | 51.0% | -4.6% | ||
| Q1 24 | 45.6% | -3.1% |
净利率BFCRPAY
| Q4 25 | 45.8% | -178.3% | ||
| Q3 25 | 40.7% | -8.3% | ||
| Q2 25 | 40.5% | -135.2% | ||
| Q1 25 | 42.3% | -10.3% | ||
| Q4 24 | 49.3% | -5.3% | ||
| Q3 24 | 40.6% | 4.1% | ||
| Q2 24 | 41.3% | -5.4% | ||
| Q1 24 | 40.8% | -6.5% |
每股收益（稀释后）BFCRPAY
| Q4 25 | $1.87 | $-1.68 | ||
| Q3 25 | $1.83 | $-0.08 | ||
| Q2 25 | $1.71 | $-1.15 | ||
| Q1 25 | $1.82 | $-0.09 | ||
| Q4 24 | $1.75 | $-0.04 | ||
| Q3 24 | $1.65 | $0.03 | ||
| Q2 24 | $1.59 | $-0.04 | ||
| Q1 24 | $1.51 | $-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 | $243.2M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $643.8M | $484.4M |
| 总资产 | $4.5B | $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BFCRPAY
| Q4 25 | $243.2M | $115.7M | ||
| Q3 25 | $126.2M | $95.7M | ||
| Q2 25 | $120.3M | $162.6M | ||
| Q1 25 | $300.9M | $165.5M | ||
| Q4 24 | $261.3M | $189.5M | ||
| Q3 24 | $204.4M | $168.7M | ||
| Q2 24 | $99.0M | $147.1M | ||
| Q1 24 | $83.4M | $128.3M |
总债务BFCRPAY
| 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BFCRPAY
| Q4 25 | $643.8M | $484.4M | ||
| Q3 25 | $628.1M | $616.9M | ||
| Q2 25 | $612.3M | $633.7M | ||
| Q1 25 | $648.4M | $755.7M | ||
| Q4 24 | $639.7M | $761.3M | ||
| Q3 24 | $628.9M | $754.7M | ||
| Q2 24 | $614.6M | $815.4M | ||
| Q1 24 | $609.3M | $813.8M |
总资产BFCRPAY
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.4B | $1.3B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $4.5B | $1.5B | ||
| Q4 24 | $4.5B | $1.6B | ||
| Q3 24 | $4.3B | $1.6B | ||
| Q2 24 | $4.1B | $1.5B | ||
| Q1 24 | $4.1B | $1.5B |
负债/权益比BFCRPAY
| 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 | $62.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $23.2M |
| 自由现金流率自由现金流/营收 | 113.6% | 29.6% |
| 资本支出强度资本支出/营收 | 25.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.40× | — |
| 过去12个月自由现金流最近4个季度 | $75.8M | $90.7M |
8季度趋势，按日历期对齐
经营现金流BFCRPAY
| Q4 25 | $62.5M | $23.3M | ||
| Q3 25 | $15.5M | $32.2M | ||
| Q2 25 | $11.9M | $33.1M | ||
| Q1 25 | $6.2M | $2.5M | ||
| Q4 24 | $65.8M | $34.3M | ||
| Q3 24 | $18.8M | $60.1M | ||
| Q2 24 | $14.9M | $31.0M | ||
| Q1 24 | $1.3M | $24.8M |
自由现金流BFCRPAY
| Q4 25 | $51.0M | $23.2M | ||
| Q3 25 | $12.5M | $32.1M | ||
| Q2 25 | $8.2M | $33.0M | ||
| Q1 25 | $4.0M | $2.4M | ||
| Q4 24 | $58.6M | $34.0M | ||
| Q3 24 | $16.9M | $59.8M | ||
| Q2 24 | $13.7M | $30.5M | ||
| Q1 24 | $551.0K | $24.7M |
自由现金流率BFCRPAY
| Q4 25 | 113.6% | 29.6% | ||
| Q3 25 | 28.2% | 41.3% | ||
| Q2 25 | 19.8% | 43.6% | ||
| Q1 25 | 9.3% | 3.0% | ||
| Q4 24 | 146.3% | 43.5% | ||
| Q3 24 | 41.5% | 75.6% | ||
| Q2 24 | 35.3% | 40.7% | ||
| Q1 24 | 1.5% | 30.6% |
资本支出强度BFCRPAY
| Q4 25 | 25.5% | 0.1% | ||
| Q3 25 | 6.7% | 0.2% | ||
| Q2 25 | 8.7% | 0.1% | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | 18.0% | 0.3% | ||
| Q3 24 | 4.5% | 0.3% | ||
| Q2 24 | 3.1% | 0.6% | ||
| Q1 24 | 2.1% | 0.1% |
现金转化率BFCRPAY
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | 18.52× | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 0.09× | — |
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
BFC
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% |
