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Traeger, Inc.（COOK）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
Traeger, Inc.的季度营收约是Repay Holdings Corp的1.8倍（$145.4M vs $78.6M），Traeger, Inc.净利率更高（-11.8% vs -178.3%，领先166.5%），Repay Holdings Corp同比增速更快（0.4% vs -13.8%），Repay Holdings Corp自由现金流更多（$23.2M vs $14.2M），过去两年Traeger, Inc.的营收复合增速更高（0.2% vs -1.3%）
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
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。
COOK vs RPAY — 直观对比
营收规模更大
COOK
是对方的1.8倍
$78.6M
营收增速更快
RPAY
高出14.2%
-13.8%
净利率更高
COOK
高出166.5%
-178.3%
自由现金流更多
RPAY
多$9.0M
$14.2M
两年增速更快
COOK
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.4M | $78.6M |
| 净利润 | $-17.2M | $-140.1M |
| 毛利率 | 37.4% | 74.2% |
| 营业利润率 | -8.0% | -182.2% |
| 净利率 | -11.8% | -178.3% |
| 营收同比 | -13.8% | 0.4% |
| 净利润同比 | -147.2% | -3304.1% |
| 每股收益（稀释后） | $-0.13 | $-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COOKRPAY
| Q4 25 | $145.4M | $78.6M | ||
| Q3 25 | $125.4M | $77.7M | ||
| Q2 25 | $145.5M | $75.6M | ||
| Q1 25 | $143.3M | $77.3M | ||
| Q4 24 | $168.6M | $78.3M | ||
| Q3 24 | $122.0M | $79.1M | ||
| Q2 24 | $168.5M | $74.9M | ||
| Q1 24 | $144.9M | $80.7M |
净利润COOKRPAY
| Q4 25 | $-17.2M | $-140.1M | ||
| Q3 25 | $-89.8M | $-6.4M | ||
| Q2 25 | $-7.4M | $-102.3M | ||
| Q1 25 | $-778.0K | $-7.9M | ||
| Q4 24 | $-7.0M | $-4.1M | ||
| Q3 24 | $-19.8M | $3.2M | ||
| Q2 24 | $-2.6M | $-4.1M | ||
| Q1 24 | $-4.7M | $-5.2M |
毛利率COOKRPAY
| Q4 25 | 37.4% | 74.2% | ||
| Q3 25 | 38.7% | 74.4% | ||
| Q2 25 | 39.2% | 75.7% | ||
| Q1 25 | 41.5% | 75.9% | ||
| Q4 24 | 40.9% | 76.3% | ||
| Q3 24 | 42.3% | 77.8% | ||
| Q2 24 | 42.9% | 78.2% | ||
| Q1 24 | 43.2% | 76.2% |
营业利润率COOKRPAY
| Q4 25 | -8.0% | -182.2% | ||
| Q3 25 | -66.5% | -3.9% | ||
| Q2 25 | -4.2% | -138.7% | ||
| Q1 25 | 2.4% | -4.7% | ||
| Q4 24 | -0.1% | -1.5% | ||
| Q3 24 | -6.1% | -0.9% | ||
| Q2 24 | 2.8% | -4.6% | ||
| Q1 24 | -0.1% | -3.1% |
净利率COOKRPAY
| Q4 25 | -11.8% | -178.3% | ||
| Q3 25 | -71.6% | -8.3% | ||
| Q2 25 | -5.1% | -135.2% | ||
| Q1 25 | -0.5% | -10.3% | ||
| Q4 24 | -4.1% | -5.3% | ||
| Q3 24 | -16.2% | 4.1% | ||
| Q2 24 | -1.5% | -5.4% | ||
| Q1 24 | -3.2% | -6.5% |
每股收益（稀释后）COOKRPAY
| Q4 25 | $-0.13 | $-1.68 | ||
| Q3 25 | $-0.67 | $-0.08 | ||
| Q2 25 | $-0.06 | $-1.15 | ||
| Q1 25 | $-0.01 | $-0.09 | ||
| Q4 24 | $-0.06 | $-0.04 | ||
| Q3 24 | $-0.15 | $0.03 | ||
| Q2 24 | $-0.02 | $-0.04 | ||
| Q1 24 | $-0.04 | $-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 | $19.6M | $115.7M |
| 总债务越低越好 | $403.3M | $280.1M |
| 股东权益账面价值 | $170.8M | $484.4M |
| 总资产 | $676.0M | $1.2B |
| 负债/权益比越低杠杆越低 | 2.36× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资COOKRPAY
| Q4 25 | $19.6M | $115.7M | ||
| Q3 25 | $5.9M | $95.7M | ||
| Q2 25 | $10.3M | $162.6M | ||
| Q1 25 | $12.0M | $165.5M | ||
| Q4 24 | $15.0M | $189.5M | ||
| Q3 24 | $16.9M | $168.7M | ||
| Q2 24 | $18.0M | $147.1M | ||
| Q1 24 | $23.6M | $128.3M |
总债务COOKRPAY
| Q4 25 | $403.3M | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $403.6M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益COOKRPAY
| Q4 25 | $170.8M | $484.4M | ||
| Q3 25 | $186.1M | $616.9M | ||
| Q2 25 | $274.2M | $633.7M | ||
| Q1 25 | $279.6M | $755.7M | ||
| Q4 24 | $276.4M | $761.3M | ||
| Q3 24 | $279.8M | $754.7M | ||
| Q2 24 | $297.3M | $815.4M | ||
| Q1 24 | $294.6M | $813.8M |
总资产COOKRPAY
| Q4 25 | $676.0M | $1.2B | ||
| Q3 25 | $689.6M | $1.3B | ||
| Q2 25 | $780.6M | $1.4B | ||
| Q1 25 | $825.6M | $1.5B | ||
| Q4 24 | $830.7M | $1.6B | ||
| Q3 24 | $818.1M | $1.6B | ||
| Q2 24 | $842.4M | $1.5B | ||
| Q1 24 | $862.1M | $1.5B |
负债/权益比COOKRPAY
| Q4 25 | 2.36× | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 1.46× | 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 | $15.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $14.2M | $23.2M |
| 自由现金流率自由现金流/营收 | 9.8% | 29.6% |
| 资本支出强度资本支出/营收 | 0.9% | 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 | $13.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流COOKRPAY
| Q4 25 | $15.5M | $23.3M | ||
| Q3 25 | $7.6M | $32.2M | ||
| Q2 25 | $18.3M | $33.1M | ||
| Q1 25 | $-20.8M | $2.5M | ||
| Q4 24 | $7.5M | $34.3M | ||
| Q3 24 | $15.1M | $60.1M | ||
| Q2 24 | $13.9M | $31.0M | ||
| Q1 24 | $-12.6M | $24.8M |
自由现金流COOKRPAY
| Q4 25 | $14.2M | $23.2M | ||
| Q3 25 | $6.4M | $32.1M | ||
| Q2 25 | $15.7M | $33.0M | ||
| Q1 25 | $-22.7M | $2.4M | ||
| Q4 24 | $5.5M | $34.0M | ||
| Q3 24 | $12.8M | $59.8M | ||
| Q2 24 | $11.8M | $30.5M | ||
| Q1 24 | $-18.3M | $24.7M |
自由现金流率COOKRPAY
| Q4 25 | 9.8% | 29.6% | ||
| Q3 25 | 5.1% | 41.3% | ||
| Q2 25 | 10.8% | 43.6% | ||
| Q1 25 | -15.8% | 3.0% | ||
| Q4 24 | 3.3% | 43.5% | ||
| Q3 24 | 10.5% | 75.6% | ||
| Q2 24 | 7.0% | 40.7% | ||
| Q1 24 | -12.6% | 30.6% |
资本支出强度COOKRPAY
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.2% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 1.2% | 0.6% | ||
| Q1 24 | 3.9% | 0.1% |
现金转化率COOKRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
