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CATO CORP（CATO）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
CATO CORP的季度营收约是Repay Holdings Corp的2.0倍（$155.4M vs $78.6M），CATO CORP净利率更高（-3.3% vs -178.3%，领先175.0%），CATO CORP同比增速更快（6.3% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-12.9M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -5.7%）
凯拓集团（Cato Corporation）是美国女性时装及配饰零售商，总部位于北卡罗来纳州夏洛特市。截至2016年1月，该公司旗下共运营1372家门店，覆盖Cato、Cato Plus、It's Fashion、It's Fashion Metro与Versona多个品牌。
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。
CATO vs RPAY — 直观对比
营收规模更大
CATO
是对方的2.0倍
$78.6M
营收增速更快
CATO
高出5.9%
0.4%
净利率更高
CATO
高出175.0%
-178.3%
自由现金流更多
RPAY
多$36.2M
$-12.9M
两年增速更快
RPAY
近两年复合增速
-5.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $155.4M | $78.6M |
| 净利润 | $-5.2M | $-140.1M |
| 毛利率 | 32.7% | 74.2% |
| 营业利润率 | -5.3% | -182.2% |
| 净利率 | -3.3% | -178.3% |
| 营收同比 | 6.3% | 0.4% |
| 净利润同比 | 65.6% | -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CATORPAY
| Q4 25 | $155.4M | $78.6M | ||
| Q3 25 | $176.5M | $77.7M | ||
| Q2 25 | $170.2M | $75.6M | ||
| Q1 25 | $157.9M | $77.3M | ||
| Q4 24 | $146.2M | $78.3M | ||
| Q3 24 | $168.6M | $79.1M | ||
| Q2 24 | $177.1M | $74.9M | ||
| Q1 24 | $174.9M | $80.7M |
净利润CATORPAY
| Q4 25 | $-5.2M | $-140.1M | ||
| Q3 25 | $6.8M | $-6.4M | ||
| Q2 25 | $3.3M | $-102.3M | ||
| Q1 25 | $-14.1M | $-7.9M | ||
| Q4 24 | $-15.1M | $-4.1M | ||
| Q3 24 | $95.0K | $3.2M | ||
| Q2 24 | $11.0M | $-4.1M | ||
| Q1 24 | — | $-5.2M |
毛利率CATORPAY
| Q4 25 | 32.7% | 74.2% | ||
| Q3 25 | 36.8% | 74.4% | ||
| Q2 25 | 35.8% | 75.7% | ||
| Q1 25 | 29.2% | 75.9% | ||
| Q4 24 | 29.6% | 76.3% | ||
| Q3 24 | 35.3% | 77.8% | ||
| Q2 24 | 36.5% | 78.2% | ||
| Q1 24 | 32.1% | 76.2% |
营业利润率CATORPAY
| Q4 25 | -5.3% | -182.2% | ||
| Q3 25 | 3.1% | -3.9% | ||
| Q2 25 | 2.0% | -138.7% | ||
| Q1 25 | -15.2% | -4.7% | ||
| Q4 24 | -11.6% | -1.5% | ||
| Q3 24 | -0.4% | -0.9% | ||
| Q2 24 | 3.5% | -4.6% | ||
| Q1 24 | -9.5% | -3.1% |
净利率CATORPAY
| Q4 25 | -3.3% | -178.3% | ||
| Q3 25 | 3.9% | -8.3% | ||
| Q2 25 | 1.9% | -135.2% | ||
| Q1 25 | -8.9% | -10.3% | ||
| Q4 24 | -10.3% | -5.3% | ||
| Q3 24 | 0.1% | 4.1% | ||
| Q2 24 | 6.2% | -5.4% | ||
| Q1 24 | — | -6.5% |
每股收益（稀释后）CATORPAY
| Q4 25 | $-0.28 | $-1.68 | ||
| Q3 25 | $0.35 | $-0.08 | ||
| Q2 25 | $0.17 | $-1.15 | ||
| Q1 25 | $-0.73 | $-0.09 | ||
| Q4 24 | $-0.79 | $-0.04 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $0.54 | $-0.04 | ||
| Q1 24 | $-1.15 | $-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 | $79.0M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $167.6M | $484.4M |
| 总资产 | $450.2M | $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CATORPAY
| Q4 25 | $79.0M | $115.7M | ||
| Q3 25 | $90.8M | $95.7M | ||
| Q2 25 | $80.0M | $162.6M | ||
| Q1 25 | $77.7M | $165.5M | ||
| Q4 24 | $86.2M | $189.5M | ||
| Q3 24 | $104.7M | $168.7M | ||
| Q2 24 | $105.4M | $147.1M | ||
| Q1 24 | $103.0M | $128.3M |
总债务CATORPAY
| 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CATORPAY
| Q4 25 | $167.6M | $484.4M | ||
| Q3 25 | $172.2M | $616.9M | ||
| Q2 25 | $164.9M | $633.7M | ||
| Q1 25 | $162.3M | $755.7M | ||
| Q4 24 | $177.1M | $761.3M | ||
| Q3 24 | $195.1M | $754.7M | ||
| Q2 24 | $196.9M | $815.4M | ||
| Q1 24 | $192.3M | $813.8M |
总资产CATORPAY
| Q4 25 | $450.2M | $1.2B | ||
| Q3 25 | $436.9M | $1.3B | ||
| Q2 25 | $440.8M | $1.4B | ||
| Q1 25 | $452.4M | $1.5B | ||
| Q4 24 | $424.4M | $1.6B | ||
| Q3 24 | $455.6M | $1.6B | ||
| Q2 24 | $477.1M | $1.5B | ||
| Q1 24 | $486.8M | $1.5B |
负债/权益比CATORPAY
| 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 | $-12.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-12.9M | $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 | 0.3% | 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 | $-7.5M | $90.7M |
8季度趋势，按日历期对齐
经营现金流CATORPAY
| Q4 25 | $-12.4M | $23.3M | ||
| Q3 25 | $11.8M | $32.2M | ||
| Q2 25 | $3.9M | $33.1M | ||
| Q1 25 | $-6.5M | $2.5M | ||
| Q4 24 | $-22.1M | $34.3M | ||
| Q3 24 | $3.1M | $60.1M | ||
| Q2 24 | $5.7M | $31.0M | ||
| Q1 24 | $-11.2M | $24.8M |
自由现金流CATORPAY
| Q4 25 | $-12.9M | $23.2M | ||
| Q3 25 | $10.4M | $32.1M | ||
| Q2 25 | $2.8M | $33.0M | ||
| Q1 25 | $-7.8M | $2.4M | ||
| Q4 24 | $-23.8M | $34.0M | ||
| Q3 24 | $1.6M | $59.8M | ||
| Q2 24 | $2.4M | $30.5M | ||
| Q1 24 | $-13.5M | $24.7M |
自由现金流率CATORPAY
| Q4 25 | -8.3% | 29.6% | ||
| Q3 25 | 5.9% | 41.3% | ||
| Q2 25 | 1.7% | 43.6% | ||
| Q1 25 | -5.0% | 3.0% | ||
| Q4 24 | -16.3% | 43.5% | ||
| Q3 24 | 0.9% | 75.6% | ||
| Q2 24 | 1.4% | 40.7% | ||
| Q1 24 | -7.7% | 30.6% |
资本支出强度CATORPAY
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.8% | 0.2% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.2% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.3% | 0.1% |
现金转化率CATORPAY
| Q4 25 | — | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 32.95× | 18.52× | ||
| Q2 24 | 0.52× | — | ||
| 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
CATO
| Retail Segment | $154.7M | 100% |
| Credit Card | $5.3M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
