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美国合众银行（CBNK）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的季度营收约是美国合众银行的1.3倍（$78.6M vs $62.7M），美国合众银行同比增速更快（11.6% vs 0.4%），过去两年美国合众银行的营收复合增速更高（23.7% vs -1.3%）
美国合众银行是一家总部位于明尼苏达州明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年是美国第五大银行，同时也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，其核心运营主体为美国银行国民协会，以合众银行名义开展业务，提供银行、投资、抵押贷款等多元金融服务。
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。
CBNK vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$62.7M
营收增速更快
CBNK
高出11.2%
0.4%
两年增速更快
CBNK
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $62.7M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 31.4% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 11.6% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $0.92 | $-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CBNKRPAY
| Q4 25 | $62.7M | $78.6M | ||
| Q3 25 | $63.1M | $77.7M | ||
| Q2 25 | $60.8M | $75.6M | ||
| Q1 25 | $58.6M | $77.3M | ||
| Q4 24 | $56.2M | $78.3M | ||
| Q3 24 | $45.0M | $79.1M | ||
| Q2 24 | $43.9M | $74.9M | ||
| Q1 24 | $41.0M | $80.7M |
净利润CBNKRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $15.1M | $-6.4M | ||
| Q2 25 | $13.1M | $-102.3M | ||
| Q1 25 | $13.9M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $8.7M | $3.2M | ||
| Q2 24 | $8.2M | $-4.1M | ||
| Q1 24 | $6.6M | $-5.2M |
毛利率CBNKRPAY
| 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CBNKRPAY
| Q4 25 | 31.4% | -182.2% | ||
| Q3 25 | -1.5% | -3.9% | ||
| Q2 25 | -1.5% | -138.7% | ||
| Q1 25 | -1.5% | -4.7% | ||
| Q4 24 | -2.2% | -1.5% | ||
| Q3 24 | -2.2% | -0.9% | ||
| Q2 24 | -1.8% | -4.6% | ||
| Q1 24 | -2.3% | -3.1% |
净利率CBNKRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 23.9% | -8.3% | ||
| Q2 25 | 21.6% | -135.2% | ||
| Q1 25 | 23.8% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 19.3% | 4.1% | ||
| Q2 24 | 18.7% | -5.4% | ||
| Q1 24 | 16.0% | -6.5% |
每股收益（稀释后）CBNKRPAY
| Q4 25 | $0.92 | $-1.68 | ||
| Q3 25 | $0.89 | $-0.08 | ||
| Q2 25 | $0.78 | $-1.15 | ||
| Q1 25 | $0.82 | $-0.09 | ||
| Q4 24 | $0.44 | $-0.04 | ||
| Q3 24 | $0.62 | $0.03 | ||
| Q2 24 | $0.59 | $-0.04 | ||
| Q1 24 | $0.47 | $-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 | — | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $401.8M | $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CBNKRPAY
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $128.3M |
总债务CBNKRPAY
| 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CBNKRPAY
| Q4 25 | $401.8M | $484.4M | ||
| Q3 25 | $394.8M | $616.9M | ||
| Q2 25 | $380.0M | $633.7M | ||
| Q1 25 | $369.6M | $755.7M | ||
| Q4 24 | $355.1M | $761.3M | ||
| Q3 24 | $280.1M | $754.7M | ||
| Q2 24 | $267.9M | $815.4M | ||
| Q1 24 | $259.5M | $813.8M |
总资产CBNKRPAY
| Q4 25 | $3.6B | $1.2B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.3B | $1.5B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.3B | $1.5B |
负债/权益比CBNKRPAY
| 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 | $69.7M | $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CBNKRPAY
| Q4 25 | $69.7M | $23.3M | ||
| Q3 25 | $32.9M | $32.2M | ||
| Q2 25 | $-4.2M | $33.1M | ||
| Q1 25 | $22.6M | $2.5M | ||
| Q4 24 | $34.9M | $34.3M | ||
| Q3 24 | $-464.0K | $60.1M | ||
| Q2 24 | $12.9M | $31.0M | ||
| Q1 24 | $-3.4M | $24.8M |
自由现金流CBNKRPAY
| 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 | ||
| Q1 24 | — | $24.7M |
自由现金流率CBNKRPAY
| 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% | ||
| Q1 24 | — | 30.6% |
资本支出强度CBNKRPAY
| 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% | ||
| Q1 24 | — | 0.1% |
现金转化率CBNKRPAY
| Q4 25 | — | — | ||
| Q3 25 | 2.18× | — | ||
| Q2 25 | -0.32× | — | ||
| Q1 25 | 1.62× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.05× | 18.52× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | -0.52× | — |
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
CBNK
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% |
