vs
Corpay（CPAY）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是Corpay的1.0倍（$1.3B vs $1.2B），Corpay同比增速更快（20.7% vs -5.8%），Corpay自由现金流更多（$760.3M vs $170.8M），过去两年Corpay的营收复合增速更高（15.5% vs -6.1%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CPAY vs RHI — 直观对比
营收规模更大
RHI
是对方的1.0倍
$1.2B
营收增速更快
CPAY
高出26.5%
-5.8%
自由现金流更多
CPAY
多$589.5M
$170.8M
两年增速更快
CPAY
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $264.5M | — |
| 毛利率 | — | 37.6% |
| 营业利润率 | 45.2% | 1.7% |
| 净利率 | 21.2% | — |
| 营收同比 | 20.7% | -5.8% |
| 净利润同比 | 7.5% | — |
| 每股收益（稀释后） | $3.74 | $0.32 |
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CPAYRHI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $975.7M | $1.5B | ||
| Q1 24 | $935.3M | $1.5B |
净利润CPAYRHI
| Q4 25 | $264.5M | — | ||
| Q3 25 | $277.9M | $42.9M | ||
| Q2 25 | $284.2M | $41.0M | ||
| Q1 25 | $243.2M | $17.4M | ||
| Q4 24 | $246.0M | — | ||
| Q3 24 | $276.4M | $65.5M | ||
| Q2 24 | $251.6M | $68.2M | ||
| Q1 24 | $229.8M | $63.7M |
毛利率CPAYRHI
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.1% |
营业利润率CPAYRHI
| Q4 25 | 45.2% | 1.7% | ||
| Q3 25 | 44.6% | 1.0% | ||
| Q2 25 | 43.5% | 0.1% | ||
| Q1 25 | 42.5% | 2.9% | ||
| Q4 24 | 47.2% | 4.7% | ||
| Q3 24 | 45.5% | 4.1% | ||
| Q2 24 | 44.4% | 5.1% | ||
| Q1 24 | 42.5% | 2.8% |
净利率CPAYRHI
| Q4 25 | 21.2% | — | ||
| Q3 25 | 23.7% | 3.2% | ||
| Q2 25 | 25.8% | 3.0% | ||
| Q1 25 | 24.2% | 1.3% | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.9% | 4.5% | ||
| Q2 24 | 25.8% | 4.6% | ||
| Q1 24 | 24.6% | 4.3% |
每股收益（稀释后）CPAYRHI
| Q4 25 | $3.74 | $0.32 | ||
| Q3 25 | $3.91 | $0.43 | ||
| Q2 25 | $3.98 | $0.41 | ||
| Q1 25 | $3.40 | $0.17 | ||
| Q4 24 | $3.43 | $0.53 | ||
| Q3 24 | $3.90 | $0.64 | ||
| Q2 24 | $3.52 | $0.66 | ||
| Q1 24 | $3.12 | $0.61 |
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 | $2.4B | $464.4M |
| 总债务越低越好 | $10.0B | — |
| 股东权益账面价值 | $3.9B | $1.3B |
| 总资产 | $26.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 2.58× | — |
8季度趋势，按日历期对齐
现金及短期投资CPAYRHI
| Q4 25 | $2.4B | $464.4M | ||
| Q3 25 | $2.0B | $365.3M | ||
| Q2 25 | $2.2B | $380.5M | ||
| Q1 25 | $1.6B | $342.5M | ||
| Q4 24 | $1.6B | $537.6M | ||
| Q3 24 | $1.3B | $570.5M | ||
| Q2 24 | $1.4B | $547.4M | ||
| Q1 24 | $1.3B | $540.9M |
总债务CPAYRHI
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CPAYRHI
| Q4 25 | $3.9B | $1.3B | ||
| Q3 25 | $4.1B | $1.3B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.8B | $1.5B | ||
| Q1 24 | $3.3B | $1.5B |
总资产CPAYRHI
| Q4 25 | $26.4B | $2.9B | ||
| Q3 25 | $19.7B | $2.8B | ||
| Q2 25 | $20.4B | $2.8B | ||
| Q1 25 | $18.5B | $2.7B | ||
| Q4 24 | $18.0B | $2.9B | ||
| Q3 24 | $17.6B | $3.0B | ||
| Q2 24 | $16.2B | $2.9B | ||
| Q1 24 | $15.8B | $2.9B |
负债/权益比CPAYRHI
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $812.7M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $170.8M |
| 自由现金流率自由现金流/营收 | 60.9% | 13.1% |
| 资本支出强度资本支出/营收 | 4.2% | 0.9% |
| 现金转化率经营现金流/净利润 | 3.07× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $266.8M |
8季度趋势，按日历期对齐
经营现金流CPAYRHI
| Q4 25 | $812.7M | $182.5M | ||
| Q3 25 | $-378.9M | $77.4M | ||
| Q2 25 | $1.1B | $119.4M | ||
| Q1 25 | $-74.2M | $-59.3M | ||
| Q4 24 | $648.7M | $154.8M | ||
| Q3 24 | $400.8M | $129.6M | ||
| Q2 24 | $540.9M | $142.0M | ||
| Q1 24 | $350.2M | $-15.9M |
自由现金流CPAYRHI
| Q4 25 | $760.3M | $170.8M | ||
| Q3 25 | $-429.8M | $63.6M | ||
| Q2 25 | $1.1B | $104.2M | ||
| Q1 25 | $-118.9M | $-71.7M | ||
| Q4 24 | $604.6M | $140.5M | ||
| Q3 24 | $355.0M | $111.8M | ||
| Q2 24 | $496.8M | $129.6M | ||
| Q1 24 | $309.0M | $-27.7M |
自由现金流率CPAYRHI
| Q4 25 | 60.9% | 13.1% | ||
| Q3 25 | -36.7% | 4.7% | ||
| Q2 25 | 98.7% | 7.6% | ||
| Q1 25 | -11.8% | -5.3% | ||
| Q4 24 | 58.4% | 10.2% | ||
| Q3 24 | 34.5% | 7.6% | ||
| Q2 24 | 50.9% | 8.8% | ||
| Q1 24 | 33.0% | -1.9% |
资本支出强度CPAYRHI
| Q4 25 | 4.2% | 0.9% | ||
| Q3 25 | 4.3% | 1.0% | ||
| Q2 25 | 4.8% | 1.1% | ||
| Q1 25 | 4.5% | 0.9% | ||
| Q4 24 | 4.3% | 1.0% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 4.5% | 0.8% | ||
| Q1 24 | 4.4% | 0.8% |
现金转化率CPAYRHI
| Q4 25 | 3.07× | — | ||
| Q3 25 | -1.36× | 1.80× | ||
| Q2 25 | 4.01× | 2.91× | ||
| Q1 25 | -0.30× | -3.42× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | 1.98× | ||
| Q2 24 | 2.15× | 2.08× | ||
| Q1 24 | 1.52× | -0.25× |
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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
