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BRC Inc.（BRCC）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
BRC Inc.的季度营收约是Repay Holdings Corp的1.4倍（$112.7M vs $78.6M），BRC Inc.净利率更高（-2.8% vs -178.3%，领先175.4%），BRC Inc.同比增速更快（6.5% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-9.4M），过去两年BRC Inc.的营收复合增速更高（7.0% vs -1.3%）
BRC Inc.是一家美国高端咖啡与生活方式品牌，主营烘焙咖啡豆、即饮咖啡饮品、品牌服饰及户外装备，核心客群包含退伍军人、急救人员与户外爱好者，在北美地区通过电商及线下实体门店渠道销售产品。
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。
BRCC vs RPAY — 直观对比
营收规模更大
BRCC
是对方的1.4倍
$78.6M
营收增速更快
BRCC
高出6.1%
0.4%
净利率更高
BRCC
高出175.4%
-178.3%
自由现金流更多
RPAY
多$32.6M
$-9.4M
两年增速更快
BRCC
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $78.6M |
| 净利润 | $-3.2M | $-140.1M |
| 毛利率 | 32.1% | 74.2% |
| 营业利润率 | -6.3% | -182.2% |
| 净利率 | -2.8% | -178.3% |
| 营收同比 | 6.5% | 0.4% |
| 净利润同比 | -29.3% | -3304.1% |
| 每股收益（稀释后） | $-0.02 | $-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BRCCRPAY
| Q4 25 | $112.7M | $78.6M | ||
| Q3 25 | $100.7M | $77.7M | ||
| Q2 25 | $94.8M | $75.6M | ||
| Q1 25 | $90.0M | $77.3M | ||
| Q4 24 | $105.9M | $78.3M | ||
| Q3 24 | $98.2M | $79.1M | ||
| Q2 24 | $89.0M | $74.9M | ||
| Q1 24 | $98.4M | $80.7M |
净利润BRCCRPAY
| Q4 25 | $-3.2M | $-140.1M | ||
| Q3 25 | $-486.0K | $-6.4M | ||
| Q2 25 | $-5.3M | $-102.3M | ||
| Q1 25 | $-2.9M | $-7.9M | ||
| Q4 24 | $-2.5M | $-4.1M | ||
| Q3 24 | $-535.0K | $3.2M | ||
| Q2 24 | $-482.0K | $-4.1M | ||
| Q1 24 | $548.0K | $-5.2M |
毛利率BRCCRPAY
| Q4 25 | 32.1% | 74.2% | ||
| Q3 25 | 36.9% | 74.4% | ||
| Q2 25 | 33.9% | 75.7% | ||
| Q1 25 | 36.1% | 75.9% | ||
| Q4 24 | 38.1% | 76.3% | ||
| Q3 24 | 42.1% | 77.8% | ||
| Q2 24 | 41.9% | 78.2% | ||
| Q1 24 | 42.9% | 76.2% |
营业利润率BRCCRPAY
| Q4 25 | -6.3% | -182.2% | ||
| Q3 25 | 0.5% | -3.9% | ||
| Q2 25 | -13.3% | -138.7% | ||
| Q1 25 | -6.0% | -4.7% | ||
| Q4 24 | -2.1% | -1.5% | ||
| Q3 24 | 1.1% | -0.9% | ||
| Q2 24 | 1.1% | -4.6% | ||
| Q1 24 | 4.0% | -3.1% |
净利率BRCCRPAY
| Q4 25 | -2.8% | -178.3% | ||
| Q3 25 | -0.5% | -8.3% | ||
| Q2 25 | -5.6% | -135.2% | ||
| Q1 25 | -3.2% | -10.3% | ||
| Q4 24 | -2.3% | -5.3% | ||
| Q3 24 | -0.5% | 4.1% | ||
| Q2 24 | -0.5% | -5.4% | ||
| Q1 24 | 0.6% | -6.5% |
每股收益（稀释后）BRCCRPAY
| Q4 25 | $-0.02 | $-1.68 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | $-0.04 | $-0.09 | ||
| Q4 24 | $-0.03 | $-0.04 | ||
| Q3 24 | $-0.01 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.04 | ||
| Q1 24 | $0.01 | $-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 | $4.3M | $115.7M |
| 总债务越低越好 | $34.7M | $280.1M |
| 股东权益账面价值 | $45.7M | $484.4M |
| 总资产 | $209.2M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.76× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资BRCCRPAY
| Q4 25 | $4.3M | $115.7M | ||
| Q3 25 | $9.5M | $95.7M | ||
| Q2 25 | $4.3M | $162.6M | ||
| Q1 25 | $3.9M | $165.5M | ||
| Q4 24 | $6.8M | $189.5M | ||
| Q3 24 | $7.3M | $168.7M | ||
| Q2 24 | $9.6M | $147.1M | ||
| Q1 24 | $4.0M | $128.3M |
总债务BRCCRPAY
| Q4 25 | $34.7M | $280.1M | ||
| Q3 25 | $35.0M | $279.5M | ||
| Q2 25 | $72.7M | $279.0M | ||
| Q1 25 | $68.8M | $497.6M | ||
| Q4 24 | $65.1M | $496.8M | ||
| Q3 24 | $64.9M | $496.2M | ||
| Q2 24 | $66.5M | $435.6M | ||
| Q1 24 | $61.5M | $434.9M |
股东权益BRCCRPAY
| Q4 25 | $45.7M | $484.4M | ||
| Q3 25 | $48.0M | $616.9M | ||
| Q2 25 | $10.1M | $633.7M | ||
| Q1 25 | $11.2M | $755.7M | ||
| Q4 24 | $13.2M | $761.3M | ||
| Q3 24 | $14.5M | $754.7M | ||
| Q2 24 | $14.9M | $815.4M | ||
| Q1 24 | $14.6M | $813.8M |
总资产BRCCRPAY
| Q4 25 | $209.2M | $1.2B | ||
| Q3 25 | $222.4M | $1.3B | ||
| Q2 25 | $225.3M | $1.4B | ||
| Q1 25 | $222.9M | $1.5B | ||
| Q4 24 | $227.4M | $1.6B | ||
| Q3 24 | $233.7M | $1.6B | ||
| Q2 24 | $229.9M | $1.5B | ||
| Q1 24 | $227.2M | $1.5B |
负债/权益比BRCCRPAY
| Q4 25 | 0.76× | 0.58× | ||
| Q3 25 | 0.73× | 0.45× | ||
| Q2 25 | 7.19× | 0.44× | ||
| Q1 25 | 6.15× | 0.66× | ||
| Q4 24 | 4.94× | 0.65× | ||
| Q3 24 | 4.47× | 0.66× | ||
| Q2 24 | 4.46× | 0.53× | ||
| Q1 24 | 4.21× | 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 | $-8.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | $23.2M |
| 自由现金流率自由现金流/营收 | -8.3% | 29.6% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $-13.5M | $90.7M |
8季度趋势，按日历期对齐
经营现金流BRCCRPAY
| Q4 25 | $-8.7M | $23.3M | ||
| Q3 25 | $6.4M | $32.2M | ||
| Q2 25 | $-3.3M | $33.1M | ||
| Q1 25 | $-4.1M | $2.5M | ||
| Q4 24 | $2.2M | $34.3M | ||
| Q3 24 | $1.9M | $60.1M | ||
| Q2 24 | $2.3M | $31.0M | ||
| Q1 24 | $4.9M | $24.8M |
自由现金流BRCCRPAY
| Q4 25 | $-9.4M | $23.2M | ||
| Q3 25 | $5.6M | $32.1M | ||
| Q2 25 | $-4.3M | $33.0M | ||
| Q1 25 | $-5.3M | $2.4M | ||
| Q4 24 | $504.0K | $34.0M | ||
| Q3 24 | $-205.0K | $59.8M | ||
| Q2 24 | $147.0K | $30.5M | ||
| Q1 24 | $2.2M | $24.7M |
自由现金流率BRCCRPAY
| Q4 25 | -8.3% | 29.6% | ||
| Q3 25 | 5.5% | 41.3% | ||
| Q2 25 | -4.5% | 43.6% | ||
| Q1 25 | -5.9% | 3.0% | ||
| Q4 24 | 0.5% | 43.5% | ||
| Q3 24 | -0.2% | 75.6% | ||
| Q2 24 | 0.2% | 40.7% | ||
| Q1 24 | 2.2% | 30.6% |
资本支出强度BRCCRPAY
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.8% | 0.2% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 2.8% | 0.1% |
现金转化率BRCCRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.97× | — |
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
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
