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DORCHESTER MINERALS, L.P.（DMLP）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DORCHESTER MINERALS, L.P.的1.9倍（$78.6M vs $41.9M），DORCHESTER MINERALS, L.P.净利率更高（38.7% vs -178.3%，领先217.0%），DORCHESTER MINERALS, L.P.同比增速更快（5.4% vs 0.4%），过去两年DORCHESTER MINERALS, L.P.的营收复合增速更高（16.2% vs -1.3%）
多切斯特矿业有限合伙是一家总部位于美国的上市有限合伙企业，主要收购、持有及管理油气相关的特许权权益、净利润权益、矿产产权等多元化资产组合，资产覆盖美国多个核心陆上油气产区，为合伙份额持有人提供稳定的现金流回报。
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。
DMLP vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.9倍
$41.9M
营收增速更快
DMLP
高出5.0%
0.4%
净利率更高
DMLP
高出217.0%
-178.3%
两年增速更快
DMLP
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $78.6M |
| 净利润 | $16.2M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 38.7% | -178.3% |
| 营收同比 | 5.4% | 0.4% |
| 净利润同比 | 13.7% | -3304.1% |
| 每股收益（稀释后） | — | $-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DMLPRPAY
| Q4 25 | $41.9M | $78.6M | ||
| Q3 25 | $35.4M | $77.7M | ||
| Q2 25 | $32.4M | $75.6M | ||
| Q1 25 | $43.2M | $77.3M | ||
| Q4 24 | $39.7M | $78.3M | ||
| Q3 24 | $53.5M | $79.1M | ||
| Q2 24 | $37.4M | $74.9M | ||
| Q1 24 | $31.0M | $80.7M |
净利润DMLPRPAY
| Q4 25 | $16.2M | $-140.1M | ||
| Q3 25 | $11.2M | $-6.4M | ||
| Q2 25 | $12.3M | $-102.3M | ||
| Q1 25 | $17.6M | $-7.9M | ||
| Q4 24 | $14.2M | $-4.1M | ||
| Q3 24 | $36.4M | $3.2M | ||
| Q2 24 | $23.6M | $-4.1M | ||
| Q1 24 | $18.2M | $-5.2M |
毛利率DMLPRPAY
| 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DMLPRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -3.1% |
净利率DMLPRPAY
| Q4 25 | 38.7% | -178.3% | ||
| Q3 25 | 31.5% | -8.3% | ||
| Q2 25 | 38.1% | -135.2% | ||
| Q1 25 | 40.9% | -10.3% | ||
| Q4 24 | 35.9% | -5.3% | ||
| Q3 24 | 68.1% | 4.1% | ||
| Q2 24 | 63.2% | -5.4% | ||
| Q1 24 | 58.6% | -6.5% |
每股收益（稀释后）DMLPRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $41.9M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | — | $484.4M |
| 总资产 | $309.6M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资DMLPRPAY
| Q4 25 | $41.9M | $115.7M | ||
| Q3 25 | $41.6M | $95.7M | ||
| Q2 25 | $36.5M | $162.6M | ||
| Q1 25 | $41.5M | $165.5M | ||
| Q4 24 | $42.5M | $189.5M | ||
| Q3 24 | $56.5M | $168.7M | ||
| Q2 24 | $35.2M | $147.1M | ||
| Q1 24 | $37.7M | $128.3M |
总债务DMLPRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益DMLPRPAY
| Q4 25 | — | $484.4M | ||
| Q3 25 | — | $616.9M | ||
| Q2 25 | — | $633.7M | ||
| Q1 25 | — | $755.7M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $754.7M | ||
| Q2 24 | — | $815.4M | ||
| Q1 24 | — | $813.8M |
总资产DMLPRPAY
| Q4 25 | $309.6M | $1.2B | ||
| Q3 25 | $330.4M | $1.3B | ||
| Q2 25 | $325.6M | $1.4B | ||
| Q1 25 | $349.0M | $1.5B | ||
| Q4 24 | $366.8M | $1.6B | ||
| Q3 24 | $403.4M | $1.6B | ||
| Q2 24 | $176.0M | $1.5B | ||
| Q1 24 | $184.8M | $1.5B |
负债/权益比DMLPRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 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 | $34.3M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 2.12× | — |
| 过去12个月自由现金流最近4个季度 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流DMLPRPAY
| Q4 25 | $34.3M | $23.3M | ||
| Q3 25 | $34.3M | $32.2M | ||
| Q2 25 | $30.5M | $33.1M | ||
| Q1 25 | $33.4M | $2.5M | ||
| Q4 24 | $31.5M | $34.3M | ||
| Q3 24 | $43.7M | $60.1M | ||
| Q2 24 | $29.4M | $31.0M | ||
| Q1 24 | $28.0M | $24.8M |
自由现金流DMLPRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率DMLPRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度DMLPRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率DMLPRPAY
| Q4 25 | 2.12× | — | ||
| Q3 25 | 3.07× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 1.89× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.20× | 18.52× | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.54× | — |
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
DMLP
| Royalties | $34.0M | 81% |
| Other | $7.8M | 19% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
