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Clarus Corp（CLAR）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Clarus Corp的1.2倍（$78.6M vs $65.4M），Clarus Corp净利率更高（-47.8% vs -178.3%，领先130.5%），Repay Holdings Corp同比增速更快（0.4% vs -8.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $11.6M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -2.9%）
Clarus Corp是一家全球性企业，主营高性能户外休闲、登山、露营及生活方式产品的设计、生产与分销，旗下拥有多个知名消费品牌，为北美、欧洲及亚太地区的户外爱好者、专业运动员和零售合作伙伴提供创新耐用的运动装备。
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。
CLAR vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.2倍
$65.4M
营收增速更快
RPAY
高出8.8%
-8.4%
净利率更高
CLAR
高出130.5%
-178.3%
自由现金流更多
RPAY
多$11.6M
$11.6M
两年增速更快
RPAY
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $65.4M | $78.6M |
| 净利润 | $-31.3M | $-140.1M |
| 毛利率 | 27.7% | 74.2% |
| 营业利润率 | -59.6% | -182.2% |
| 净利率 | -47.8% | -178.3% |
| 营收同比 | -8.4% | 0.4% |
| 净利润同比 | 52.3% | -3304.1% |
| 每股收益（稀释后） | $-0.81 | $-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CLARRPAY
| Q4 25 | $65.4M | $78.6M | ||
| Q3 25 | $69.3M | $77.7M | ||
| Q2 25 | $55.2M | $75.6M | ||
| Q1 25 | $60.4M | $77.3M | ||
| Q4 24 | $71.4M | $78.3M | ||
| Q3 24 | $67.1M | $79.1M | ||
| Q2 24 | $56.5M | $74.9M | ||
| Q1 24 | $69.3M | $80.7M |
净利润CLARRPAY
| Q4 25 | $-31.3M | $-140.1M | ||
| Q3 25 | $-1.6M | $-6.4M | ||
| Q2 25 | $-8.4M | $-102.3M | ||
| Q1 25 | $-5.2M | $-7.9M | ||
| Q4 24 | $-65.5M | $-4.1M | ||
| Q3 24 | $-3.2M | $3.2M | ||
| Q2 24 | $-5.5M | $-4.1M | ||
| Q1 24 | $21.9M | $-5.2M |
毛利率CLARRPAY
| Q4 25 | 27.7% | 74.2% | ||
| Q3 25 | 35.1% | 74.4% | ||
| Q2 25 | 35.6% | 75.7% | ||
| Q1 25 | 34.4% | 75.9% | ||
| Q4 24 | 33.4% | 76.3% | ||
| Q3 24 | 35.0% | 77.8% | ||
| Q2 24 | 36.1% | 78.2% | ||
| Q1 24 | 35.9% | 76.2% |
营业利润率CLARRPAY
| Q4 25 | -59.6% | -182.2% | ||
| Q3 25 | -4.4% | -3.9% | ||
| Q2 25 | -19.7% | -138.7% | ||
| Q1 25 | -11.2% | -4.7% | ||
| Q4 24 | -70.2% | -1.5% | ||
| Q3 24 | -8.0% | -0.9% | ||
| Q2 24 | -14.4% | -4.6% | ||
| Q1 24 | -9.8% | -3.1% |
净利率CLARRPAY
| Q4 25 | -47.8% | -178.3% | ||
| Q3 25 | -2.3% | -8.3% | ||
| Q2 25 | -15.3% | -135.2% | ||
| Q1 25 | -8.7% | -10.3% | ||
| Q4 24 | -91.8% | -5.3% | ||
| Q3 24 | -4.7% | 4.1% | ||
| Q2 24 | -9.7% | -5.4% | ||
| Q1 24 | 31.6% | -6.5% |
每股收益（稀释后）CLARRPAY
| Q4 25 | $-0.81 | $-1.68 | ||
| Q3 25 | $-0.04 | $-0.08 | ||
| Q2 25 | $-0.22 | $-1.15 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $-1.72 | $-0.04 | ||
| Q3 24 | $-0.08 | $0.03 | ||
| Q2 24 | $-0.14 | $-0.04 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | $115.7M |
| 总债务越低越好 | $0 | $280.1M |
| 股东权益账面价值 | $196.4M | $484.4M |
| 总资产 | $249.0M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资CLARRPAY
| Q4 25 | $36.7M | $115.7M | ||
| Q3 25 | $29.5M | $95.7M | ||
| Q2 25 | $28.5M | $162.6M | ||
| Q1 25 | $41.3M | $165.5M | ||
| Q4 24 | $45.4M | $189.5M | ||
| Q3 24 | $36.4M | $168.7M | ||
| Q2 24 | $46.2M | $147.1M | ||
| Q1 24 | $47.5M | $128.3M |
总债务CLARRPAY
| Q4 25 | $0 | $280.1M | ||
| Q3 25 | $2.0M | $279.5M | ||
| Q2 25 | $1.9M | $279.0M | ||
| Q1 25 | $1.9M | $497.6M | ||
| Q4 24 | $1.9M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | $37.0K | $434.9M |
股东权益CLARRPAY
| Q4 25 | $196.4M | $484.4M | ||
| Q3 25 | $225.8M | $616.9M | ||
| Q2 25 | $225.1M | $633.7M | ||
| Q1 25 | $229.3M | $755.7M | ||
| Q4 24 | $233.1M | $761.3M | ||
| Q3 24 | $308.5M | $754.7M | ||
| Q2 24 | $307.3M | $815.4M | ||
| Q1 24 | $310.4M | $813.8M |
总资产CLARRPAY
| Q4 25 | $249.0M | $1.2B | ||
| Q3 25 | $283.1M | $1.3B | ||
| Q2 25 | $286.5M | $1.4B | ||
| Q1 25 | $292.8M | $1.5B | ||
| Q4 24 | $294.1M | $1.6B | ||
| Q3 24 | $375.3M | $1.6B | ||
| Q2 24 | $369.4M | $1.5B | ||
| Q1 24 | $377.0M | $1.5B |
负债/权益比CLARRPAY
| Q4 25 | 0.00× | 0.58× | ||
| Q3 25 | 0.01× | 0.45× | ||
| Q2 25 | 0.01× | 0.44× | ||
| Q1 25 | 0.01× | 0.66× | ||
| Q4 24 | 0.01× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | 0.00× | 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 | $12.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $23.2M |
| 自由现金流率自由现金流/营收 | 17.7% | 29.6% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $-9.9M | $90.7M |
8季度趋势，按日历期对齐
经营现金流CLARRPAY
| Q4 25 | $12.5M | $23.3M | ||
| Q3 25 | $-5.7M | $32.2M | ||
| Q2 25 | $-9.4M | $33.1M | ||
| Q1 25 | $-2.1M | $2.5M | ||
| Q4 24 | $16.6M | $34.3M | ||
| Q3 24 | $-8.3M | $60.1M | ||
| Q2 24 | $834.0K | $31.0M | ||
| Q1 24 | $-16.4M | $24.8M |
自由现金流CLARRPAY
| Q4 25 | $11.6M | $23.2M | ||
| Q3 25 | $-7.0M | $32.1M | ||
| Q2 25 | $-11.3M | $33.0M | ||
| Q1 25 | $-3.3M | $2.4M | ||
| Q4 24 | $14.4M | $34.0M | ||
| Q3 24 | $-9.4M | $59.8M | ||
| Q2 24 | $-744.0K | $30.5M | ||
| Q1 24 | $-18.3M | $24.7M |
自由现金流率CLARRPAY
| Q4 25 | 17.7% | 29.6% | ||
| Q3 25 | -10.0% | 41.3% | ||
| Q2 25 | -20.4% | 43.6% | ||
| Q1 25 | -5.4% | 3.0% | ||
| Q4 24 | 20.1% | 43.5% | ||
| Q3 24 | -14.0% | 75.6% | ||
| Q2 24 | -1.3% | 40.7% | ||
| Q1 24 | -26.3% | 30.6% |
资本支出强度CLARRPAY
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 3.4% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 3.1% | 0.3% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 2.8% | 0.6% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率CLARRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
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
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
