vs
Definitive Healthcare Corp.（DH）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Definitive Healthcare Corp.的1.3倍（$78.6M vs $61.5M），Definitive Healthcare Corp.净利率更高（-15.1% vs -178.3%，领先163.2%），Repay Holdings Corp同比增速更快（0.4% vs -1.2%），Repay Holdings Corp自由现金流更多（$23.2M vs $-1.7M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -1.5%）
该企业是一家美国公司，主打非处方医疗健康产品与家居清洁产品的营销和分销。公司于1996年由美德泰产品公司、威望品牌国际与斯皮克Span公司合并成立，总部设在纽约塔里敦，在弗吉尼亚州林奇堡设有生产工厂。
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。
DH vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$61.5M
营收增速更快
RPAY
高出1.6%
-1.2%
净利率更高
DH
高出163.2%
-178.3%
自由现金流更多
RPAY
多$24.9M
$-1.7M
两年增速更快
RPAY
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.5M | $78.6M |
| 净利润 | $-9.3M | $-140.1M |
| 毛利率 | 76.2% | 74.2% |
| 营业利润率 | -43.3% | -182.2% |
| 净利率 | -15.1% | -178.3% |
| 营收同比 | -1.2% | 0.4% |
| 净利润同比 | 84.2% | -3304.1% |
| 每股收益（稀释后） | $-0.14 | $-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DHRPAY
| Q4 25 | $61.5M | $78.6M | ||
| Q3 25 | $60.0M | $77.7M | ||
| Q2 25 | $60.8M | $75.6M | ||
| Q1 25 | $59.2M | $77.3M | ||
| Q4 24 | $62.3M | $78.3M | ||
| Q3 24 | $62.7M | $79.1M | ||
| Q2 24 | $63.7M | $74.9M | ||
| Q1 24 | $63.5M | $80.7M |
净利润DHRPAY
| Q4 25 | $-9.3M | $-140.1M | ||
| Q3 25 | $-14.8M | $-6.4M | ||
| Q2 25 | $-7.6M | $-102.3M | ||
| Q1 25 | $-107.2M | $-7.9M | ||
| Q4 24 | $-59.1M | $-4.1M | ||
| Q3 24 | $-130.9M | $3.2M | ||
| Q2 24 | $-213.6M | $-4.1M | ||
| Q1 24 | $-9.5M | $-5.2M |
毛利率DHRPAY
| Q4 25 | 76.2% | 74.2% | ||
| Q3 25 | 76.6% | 74.4% | ||
| Q2 25 | 76.7% | 75.7% | ||
| Q1 25 | 73.9% | 75.9% | ||
| Q4 24 | 76.4% | 76.3% | ||
| Q3 24 | 78.2% | 77.8% | ||
| Q2 24 | 79.2% | 78.2% | ||
| Q1 24 | 79.4% | 76.2% |
营业利润率DHRPAY
| Q4 25 | -43.3% | -182.2% | ||
| Q3 25 | -14.5% | -3.9% | ||
| Q2 25 | -6.9% | -138.7% | ||
| Q1 25 | -312.2% | -4.7% | ||
| Q4 24 | -159.8% | -1.5% | ||
| Q3 24 | -359.5% | -0.9% | ||
| Q2 24 | -579.9% | -4.6% | ||
| Q1 24 | -25.6% | -3.1% |
净利率DHRPAY
| Q4 25 | -15.1% | -178.3% | ||
| Q3 25 | -24.7% | -8.3% | ||
| Q2 25 | -12.4% | -135.2% | ||
| Q1 25 | -181.2% | -10.3% | ||
| Q4 24 | -94.8% | -5.3% | ||
| Q3 24 | -208.8% | 4.1% | ||
| Q2 24 | -335.2% | -5.4% | ||
| Q1 24 | -15.0% | -6.5% |
每股收益（稀释后）DHRPAY
| Q4 25 | $-0.14 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | $-0.95 | $-0.09 | ||
| Q4 24 | $-0.53 | $-0.04 | ||
| Q3 24 | $-1.12 | $0.03 | ||
| Q2 24 | $-1.81 | $-0.04 | ||
| Q1 24 | $-0.08 | $-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 | $180.9M | $115.7M |
| 总债务越低越好 | $156.1M | $280.1M |
| 股东权益账面价值 | $379.0M | $484.4M |
| 总资产 | $735.5M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资DHRPAY
| Q4 25 | $180.9M | $115.7M | ||
| Q3 25 | $185.9M | $95.7M | ||
| Q2 25 | $184.2M | $162.6M | ||
| Q1 25 | $200.7M | $165.5M | ||
| Q4 24 | $290.2M | $189.5M | ||
| Q3 24 | $305.4M | $168.7M | ||
| Q2 24 | $296.5M | $147.1M | ||
| Q1 24 | $295.2M | $128.3M |
总债务DHRPAY
| Q4 25 | $156.1M | $280.1M | ||
| Q3 25 | $158.2M | $279.5M | ||
| Q2 25 | $160.3M | $279.0M | ||
| Q1 25 | $162.4M | $497.6M | ||
| Q4 24 | $229.4M | $496.8M | ||
| Q3 24 | $232.7M | $496.2M | ||
| Q2 24 | $236.0M | $435.6M | ||
| Q1 24 | $239.3M | $434.9M |
股东权益DHRPAY
| Q4 25 | $379.0M | $484.4M | ||
| Q3 25 | $389.7M | $616.9M | ||
| Q2 25 | $411.2M | $633.7M | ||
| Q1 25 | $435.9M | $755.7M | ||
| Q4 24 | $607.2M | $761.3M | ||
| Q3 24 | $695.6M | $754.7M | ||
| Q2 24 | $886.3M | $815.4M | ||
| Q1 24 | $1.2B | $813.8M |
总资产DHRPAY
| Q4 25 | $735.5M | $1.2B | ||
| Q3 25 | $755.5M | $1.3B | ||
| Q2 25 | $770.1M | $1.4B | ||
| Q1 25 | $808.7M | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
负债/权益比DHRPAY
| Q4 25 | 0.41× | 0.58× | ||
| Q3 25 | 0.41× | 0.45× | ||
| Q2 25 | 0.39× | 0.44× | ||
| Q1 25 | 0.37× | 0.66× | ||
| Q4 24 | 0.38× | 0.65× | ||
| Q3 24 | 0.33× | 0.66× | ||
| Q2 24 | 0.27× | 0.53× | ||
| Q1 24 | 0.20× | 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 | $2.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.7M | $23.2M |
| 自由现金流率自由现金流/营收 | -2.8% | 29.6% |
| 资本支出强度资本支出/营收 | 7.2% | 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 | $37.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流DHRPAY
| Q4 25 | $2.7M | $23.3M | ||
| Q3 25 | $15.7M | $32.2M | ||
| Q2 25 | $9.3M | $33.1M | ||
| Q1 25 | $26.1M | $2.5M | ||
| Q4 24 | $8.1M | $34.3M | ||
| Q3 24 | $19.4M | $60.1M | ||
| Q2 24 | $14.0M | $31.0M | ||
| Q1 24 | $16.6M | $24.8M |
自由现金流DHRPAY
| Q4 25 | $-1.7M | $23.2M | ||
| Q3 25 | $13.4M | $32.1M | ||
| Q2 25 | $7.0M | $33.0M | ||
| Q1 25 | $18.4M | $2.4M | ||
| Q4 24 | $-2.8M | $34.0M | ||
| Q3 24 | $18.7M | $59.8M | ||
| Q2 24 | $13.6M | $30.5M | ||
| Q1 24 | $16.3M | $24.7M |
自由现金流率DHRPAY
| Q4 25 | -2.8% | 29.6% | ||
| Q3 25 | 22.3% | 41.3% | ||
| Q2 25 | 11.5% | 43.6% | ||
| Q1 25 | 31.0% | 3.0% | ||
| Q4 24 | -4.4% | 43.5% | ||
| Q3 24 | 29.8% | 75.6% | ||
| Q2 24 | 21.4% | 40.7% | ||
| Q1 24 | 25.7% | 30.6% |
资本支出强度DHRPAY
| Q4 25 | 7.2% | 0.1% | ||
| Q3 25 | 3.8% | 0.2% | ||
| Q2 25 | 3.8% | 0.1% | ||
| Q1 25 | 13.0% | 0.2% | ||
| Q4 24 | 17.5% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 0.6% | 0.6% | ||
| Q1 24 | 0.4% | 0.1% |
现金转化率DHRPAY
| 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
DH
| Subscription Services | $58.5M | 95% |
| Professional Services | $3.0M | 5% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
