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biote Corp.（BTMD）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biote Corp.的1.7倍（$78.6M vs $46.4M），biote Corp.净利率更高（4.2% vs -178.3%，领先182.5%），Repay Holdings Corp同比增速更快（0.4% vs -6.9%），Repay Holdings Corp自由现金流更多（$23.2M vs $6.5M），过去两年biote Corp.的营收复合增速更高（-0.4% vs -1.3%）
biote Corp是一家专注于个性化生物同质性激素替代疗法的医疗企业，主要面向美国市场运营，为持牌医疗从业者提供相关培训课程，同时推出配套健康补剂与诊断服务，以提升患者诊疗效果。
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。
BTMD vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.7倍
$46.4M
营收增速更快
RPAY
高出7.3%
-6.9%
净利率更高
BTMD
高出182.5%
-178.3%
自由现金流更多
RPAY
多$16.7M
$6.5M
两年增速更快
BTMD
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $46.4M | $78.6M |
| 净利润 | $2.0M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 14.7% | -182.2% |
| 净利率 | 4.2% | -178.3% |
| 营收同比 | -6.9% | 0.4% |
| 净利润同比 | -47.2% | -3304.1% |
| 每股收益（稀释后） | $0.05 | $-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BTMDRPAY
| Q4 25 | $46.4M | $78.6M | ||
| Q3 25 | $48.0M | $77.7M | ||
| Q2 25 | $48.9M | $75.6M | ||
| Q1 25 | $49.0M | $77.3M | ||
| Q4 24 | $49.8M | $78.3M | ||
| Q3 24 | $51.4M | $79.1M | ||
| Q2 24 | $49.2M | $74.9M | ||
| Q1 24 | $46.8M | $80.7M |
净利润BTMDRPAY
| Q4 25 | $2.0M | $-140.1M | ||
| Q3 25 | $8.2M | $-6.4M | ||
| Q2 25 | $3.2M | $-102.3M | ||
| Q1 25 | $13.7M | $-7.9M | ||
| Q4 24 | $3.7M | $-4.1M | ||
| Q3 24 | $10.7M | $3.2M | ||
| Q2 24 | $-7.1M | $-4.1M | ||
| Q1 24 | $-4.2M | $-5.2M |
毛利率BTMDRPAY
| 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BTMDRPAY
| Q4 25 | 14.7% | -182.2% | ||
| Q3 25 | 17.2% | -3.9% | ||
| Q2 25 | 22.0% | -138.7% | ||
| Q1 25 | 19.8% | -4.7% | ||
| Q4 24 | 5.6% | -1.5% | ||
| Q3 24 | 23.7% | -0.9% | ||
| Q2 24 | 12.7% | -4.6% | ||
| Q1 24 | 22.3% | -3.1% |
净利率BTMDRPAY
| Q4 25 | 4.2% | -178.3% | ||
| Q3 25 | 17.1% | -8.3% | ||
| Q2 25 | 6.5% | -135.2% | ||
| Q1 25 | 28.0% | -10.3% | ||
| Q4 24 | 7.4% | -5.3% | ||
| Q3 24 | 20.8% | 4.1% | ||
| Q2 24 | -14.4% | -5.4% | ||
| Q1 24 | -8.9% | -6.5% |
每股收益（稀释后）BTMDRPAY
| Q4 25 | $0.05 | $-1.68 | ||
| Q3 25 | $0.22 | $-0.08 | ||
| Q2 25 | $0.10 | $-1.15 | ||
| Q1 25 | $0.37 | $-0.09 | ||
| Q4 24 | $0.09 | $-0.04 | ||
| Q3 24 | $0.33 | $0.03 | ||
| Q2 24 | $-0.21 | $-0.04 | ||
| Q1 24 | $-0.12 | $-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 | $24.1M | $115.7M |
| 总债务越低越好 | $103.1M | $280.1M |
| 股东权益账面价值 | $-58.5M | $484.4M |
| 总资产 | $107.6M | $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BTMDRPAY
| Q4 25 | $24.1M | $115.7M | ||
| Q3 25 | $28.0M | $95.7M | ||
| Q2 25 | $19.6M | $162.6M | ||
| Q1 25 | $41.7M | $165.5M | ||
| Q4 24 | $39.3M | $189.5M | ||
| Q3 24 | $38.2M | $168.7M | ||
| Q2 24 | $26.4M | $147.1M | ||
| Q1 24 | $78.8M | $128.3M |
总债务BTMDRPAY
| Q4 25 | $103.1M | $280.1M | ||
| Q3 25 | $104.7M | $279.5M | ||
| Q2 25 | $106.3M | $279.0M | ||
| Q1 25 | $107.8M | $497.6M | ||
| Q4 24 | $109.4M | $496.8M | ||
| Q3 24 | $110.9M | $496.2M | ||
| Q2 24 | $112.5M | $435.6M | ||
| Q1 24 | $114.1M | $434.9M |
股东权益BTMDRPAY
| Q4 25 | $-58.5M | $484.4M | ||
| Q3 25 | $-72.8M | $616.9M | ||
| Q2 25 | $-85.1M | $633.7M | ||
| Q1 25 | $-90.0M | $755.7M | ||
| Q4 24 | $-105.9M | $761.3M | ||
| Q3 24 | $-130.3M | $754.7M | ||
| Q2 24 | $-143.2M | $815.4M | ||
| Q1 24 | $-36.0M | $813.8M |
总资产BTMDRPAY
| Q4 25 | $107.6M | $1.2B | ||
| Q3 25 | $111.3M | $1.3B | ||
| Q2 25 | $104.8M | $1.4B | ||
| Q1 25 | $123.4M | $1.5B | ||
| Q4 24 | $122.4M | $1.6B | ||
| Q3 24 | $101.3M | $1.6B | ||
| Q2 24 | $92.9M | $1.5B | ||
| Q1 24 | $160.1M | $1.5B |
负债/权益比BTMDRPAY
| 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 | $7.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | $23.2M |
| 自由现金流率自由现金流/营收 | 14.0% | 29.6% |
| 资本支出强度资本支出/营收 | 2.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.87× | — |
| 过去12个月自由现金流最近4个季度 | $30.2M | $90.7M |
8季度趋势，按日历期对齐
经营现金流BTMDRPAY
| Q4 25 | $7.6M | $23.3M | ||
| Q3 25 | $14.1M | $32.2M | ||
| Q2 25 | $7.1M | $33.1M | ||
| Q1 25 | $6.5M | $2.5M | ||
| Q4 24 | $12.4M | $34.3M | ||
| Q3 24 | $15.6M | $60.1M | ||
| Q2 24 | $9.9M | $31.0M | ||
| Q1 24 | $7.4M | $24.8M |
自由现金流BTMDRPAY
| Q4 25 | $6.5M | $23.2M | ||
| Q3 25 | $13.6M | $32.1M | ||
| Q2 25 | $5.3M | $33.0M | ||
| Q1 25 | $4.8M | $2.4M | ||
| Q4 24 | $10.7M | $34.0M | ||
| Q3 24 | $14.0M | $59.8M | ||
| Q2 24 | $7.4M | $30.5M | ||
| Q1 24 | $6.7M | $24.7M |
自由现金流率BTMDRPAY
| Q4 25 | 14.0% | 29.6% | ||
| Q3 25 | 28.3% | 41.3% | ||
| Q2 25 | 10.8% | 43.6% | ||
| Q1 25 | 9.9% | 3.0% | ||
| Q4 24 | 21.5% | 43.5% | ||
| Q3 24 | 27.3% | 75.6% | ||
| Q2 24 | 15.1% | 40.7% | ||
| Q1 24 | 14.2% | 30.6% |
资本支出强度BTMDRPAY
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 3.7% | 0.1% | ||
| Q1 25 | 3.3% | 0.2% | ||
| Q4 24 | 3.4% | 0.3% | ||
| Q3 24 | 3.0% | 0.3% | ||
| Q2 24 | 5.1% | 0.6% | ||
| Q1 24 | 1.5% | 0.1% |
现金转化率BTMDRPAY
| Q4 25 | 3.87× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 3.34× | — | ||
| Q3 24 | 1.45× | 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
BTMD
| Product Revenue | $45.3M | 98% |
| Disposable Trocars Product Revenue | $1.2M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
