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Cohen & Co Inc.（COHN）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
Cohen & Co Inc.的季度营收约是Repay Holdings Corp的1.3倍（$102.7M vs $78.6M），Cohen & Co Inc.同比增速更快（454.1% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-2.5M），过去两年Cohen & Co Inc.的营收复合增速更高（135.3% vs -1.3%）
科恩父子公司是一家总部位于伦敦商业路的废金属贸易商，由乔治·亨利·科恩于1834年创立，最初名为乔治·科恩公司，1883年创始人之子迈克尔·科恩入职后更名为现名。一战结束后，公司拿下多份大型合同，负责处理包括40万吨烈性炸药及炮弹在内的剩余军火。
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。
COHN vs RPAY — 直观对比
营收规模更大
COHN
是对方的1.3倍
$78.6M
营收增速更快
COHN
高出453.7%
0.4%
自由现金流更多
RPAY
多$25.7M
$-2.5M
两年增速更快
COHN
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.7M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 29.2% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 454.1% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $0.77 | $-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COHNRPAY
| Q4 25 | $102.7M | $78.6M | ||
| Q3 25 | $84.2M | $77.7M | ||
| Q2 25 | $59.9M | $75.6M | ||
| Q1 25 | $28.7M | $77.3M | ||
| Q4 24 | $18.5M | $78.3M | ||
| Q3 24 | $31.7M | $79.1M | ||
| Q2 24 | $10.8M | $74.9M | ||
| Q1 24 | $18.6M | $80.7M |
净利润COHNRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $4.6M | $-6.4M | ||
| Q2 25 | $1.4M | $-102.3M | ||
| Q1 25 | $329.0K | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $2.1M | $3.2M | ||
| Q2 24 | $-2.3M | $-4.1M | ||
| Q1 24 | $2.0M | $-5.2M |
毛利率COHNRPAY
| 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COHNRPAY
| Q4 25 | 29.2% | -182.2% | ||
| Q3 25 | 25.8% | -3.9% | ||
| Q2 25 | 12.5% | -138.7% | ||
| Q1 25 | 0.4% | -4.7% | ||
| Q4 24 | -29.7% | -1.5% | ||
| Q3 24 | 22.8% | -0.9% | ||
| Q2 24 | -59.0% | -4.6% | ||
| Q1 24 | -18.2% | -3.1% |
净利率COHNRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 5.5% | -8.3% | ||
| Q2 25 | 2.4% | -135.2% | ||
| Q1 25 | 1.1% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 6.8% | 4.1% | ||
| Q2 24 | -21.8% | -5.4% | ||
| Q1 24 | 10.9% | -6.5% |
每股收益（稀释后）COHNRPAY
| Q4 25 | $0.77 | $-1.68 | ||
| Q3 25 | $2.58 | $-0.08 | ||
| Q2 25 | $0.81 | $-1.15 | ||
| Q1 25 | $0.19 | $-0.09 | ||
| Q4 24 | $-1.20 | $-0.04 | ||
| Q3 24 | $1.31 | $0.03 | ||
| Q2 24 | $-1.47 | $-0.04 | ||
| Q1 24 | $1.28 | $-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 | $56.8M | $115.7M |
| 总债务越低越好 | $32.9M | $280.1M |
| 股东权益账面价值 | $51.1M | $484.4M |
| 总资产 | $700.6M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资COHNRPAY
| Q4 25 | $56.8M | $115.7M | ||
| Q3 25 | $54.7M | $95.7M | ||
| Q2 25 | $26.0M | $162.6M | ||
| Q1 25 | $14.0M | $165.5M | ||
| Q4 24 | $19.6M | $189.5M | ||
| Q3 24 | $14.3M | $168.7M | ||
| Q2 24 | $9.6M | $147.1M | ||
| Q1 24 | $11.8M | $128.3M |
总债务COHNRPAY
| Q4 25 | $32.9M | $280.1M | ||
| Q3 25 | $32.7M | $279.5M | ||
| Q2 25 | $32.6M | $279.0M | ||
| Q1 25 | $35.0M | $497.6M | ||
| Q4 24 | $34.9M | $496.8M | ||
| Q3 24 | $34.9M | $496.2M | ||
| Q2 24 | $29.7M | $435.6M | ||
| Q1 24 | $29.7M | $434.9M |
股东权益COHNRPAY
| Q4 25 | $51.1M | $484.4M | ||
| Q3 25 | $47.8M | $616.9M | ||
| Q2 25 | $43.4M | $633.7M | ||
| Q1 25 | $42.0M | $755.7M | ||
| Q4 24 | $41.7M | $761.3M | ||
| Q3 24 | $43.8M | $754.7M | ||
| Q2 24 | $41.7M | $815.4M | ||
| Q1 24 | $43.8M | $813.8M |
总资产COHNRPAY
| Q4 25 | $700.6M | $1.2B | ||
| Q3 25 | $773.9M | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $978.0M | $1.5B | ||
| Q4 24 | $971.1M | $1.6B | ||
| Q3 24 | $818.0M | $1.6B | ||
| Q2 24 | $826.0M | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
负债/权益比COHNRPAY
| Q4 25 | 0.64× | 0.58× | ||
| Q3 25 | 0.68× | 0.45× | ||
| Q2 25 | 0.75× | 0.44× | ||
| Q1 25 | 0.83× | 0.66× | ||
| Q4 24 | 0.84× | 0.65× | ||
| Q3 24 | 0.80× | 0.66× | ||
| Q2 24 | 0.71× | 0.53× | ||
| Q1 24 | 0.68× | 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 | $-2.1M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $23.2M |
| 自由现金流率自由现金流/营收 | -2.4% | 29.6% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $26.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流COHNRPAY
| Q4 25 | $-2.1M | $23.3M | ||
| Q3 25 | $22.4M | $32.2M | ||
| Q2 25 | $13.3M | $33.1M | ||
| Q1 25 | $-6.4M | $2.5M | ||
| Q4 24 | $4.4M | $34.3M | ||
| Q3 24 | $4.1M | $60.1M | ||
| Q2 24 | $-4.2M | $31.0M | ||
| Q1 24 | $5.1M | $24.8M |
自由现金流COHNRPAY
| Q4 25 | $-2.5M | $23.2M | ||
| Q3 25 | $22.2M | $32.1M | ||
| Q2 25 | $12.9M | $33.0M | ||
| Q1 25 | $-6.5M | $2.4M | ||
| Q4 24 | $4.0M | $34.0M | ||
| Q3 24 | $3.8M | $59.8M | ||
| Q2 24 | $-4.6M | $30.5M | ||
| Q1 24 | $5.0M | $24.7M |
自由现金流率COHNRPAY
| Q4 25 | -2.4% | 29.6% | ||
| Q3 25 | 26.3% | 41.3% | ||
| Q2 25 | 21.6% | 43.6% | ||
| Q1 25 | -22.7% | 3.0% | ||
| Q4 24 | 21.4% | 43.5% | ||
| Q3 24 | 12.0% | 75.6% | ||
| Q2 24 | -42.4% | 40.7% | ||
| Q1 24 | 27.1% | 30.6% |
资本支出强度COHNRPAY
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 2.5% | 0.3% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 0.5% | 0.1% |
现金转化率COHNRPAY
| Q4 25 | — | — | ||
| Q3 25 | 4.88× | — | ||
| Q2 25 | 9.48× | — | ||
| Q1 25 | -19.37× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.91× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.54× | — |
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
COHN
| Capital Markets | $68.5M | 67% |
| Other | $25.7M | 25% |
| Gestational Repo Business | $5.6M | 5% |
| Asset Management Segment | $2.9M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
