vs
飞汇（FLYW）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是飞汇的1.3倍（$197.9M vs $157.5M），REPLIGEN CORP净利率更高（6.7% vs 0.0%，领先6.7%），飞汇同比增速更快（34.0% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $4.5M），过去两年飞汇的营收复合增速更高（17.5% vs 14.4%）
Flywire Corp（飞汇）是一家全球支付解决方案提供商，核心服务覆盖教育、医疗、旅游及B2B商务领域，提供安全跨境支付处理、货币兑换及支付流程优化工具，为全球多国的机构与付款人简化交易流程。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
FLYW vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.3倍
$157.5M
营收增速更快
FLYW
高出20.4%
13.6%
净利率更高
RGEN
高出6.7%
0.0%
自由现金流更多
RGEN
多$13.1M
$4.5M
两年增速更快
FLYW
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.5M | $197.9M |
| 净利润 | $33.0K | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -0.6% | 9.0% |
| 净利率 | 0.0% | 6.7% |
| 营收同比 | 34.0% | 13.6% |
| 净利润同比 | 100.2% | 143.9% |
| 每股收益（稀释后） | $0.01 | $0.24 |
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FLYWRGEN
| Q4 25 | $157.5M | $197.9M | ||
| Q3 25 | $200.1M | $188.8M | ||
| Q2 25 | $131.9M | $182.4M | ||
| Q1 25 | $133.5M | $169.2M | ||
| Q4 24 | $117.5M | $174.1M | ||
| Q3 24 | $156.8M | $154.9M | ||
| Q2 24 | $103.7M | $154.1M | ||
| Q1 24 | $114.1M | $151.3M |
净利润FLYWRGEN
| Q4 25 | $33.0K | $13.3M | ||
| Q3 25 | $29.6M | $14.9M | ||
| Q2 25 | $-12.0M | $14.9M | ||
| Q1 25 | $-4.2M | $5.8M | ||
| Q4 24 | $-15.9M | $-30.3M | ||
| Q3 24 | $38.9M | $-654.0K | ||
| Q2 24 | $-13.9M | $3.3M | ||
| Q1 24 | $-6.2M | $2.1M |
毛利率FLYWRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率FLYWRGEN
| Q4 25 | -0.6% | 9.0% | ||
| Q3 25 | 16.1% | 8.9% | ||
| Q2 25 | -6.8% | 7.6% | ||
| Q1 25 | -8.2% | 3.9% | ||
| Q4 24 | -4.9% | -17.7% | ||
| Q3 24 | 12.9% | -5.1% | ||
| Q2 24 | -15.2% | 1.0% | ||
| Q1 24 | -5.2% | 1.3% |
净利率FLYWRGEN
| Q4 25 | 0.0% | 6.7% | ||
| Q3 25 | 14.8% | 7.9% | ||
| Q2 25 | -9.1% | 8.2% | ||
| Q1 25 | -3.1% | 3.4% | ||
| Q4 24 | -13.5% | -17.4% | ||
| Q3 24 | 24.8% | -0.4% | ||
| Q2 24 | -13.4% | 2.2% | ||
| Q1 24 | -5.4% | 1.4% |
每股收益（稀释后）FLYWRGEN
| Q4 25 | $0.01 | $0.24 | ||
| Q3 25 | $0.23 | $0.26 | ||
| Q2 25 | $-0.10 | $0.26 | ||
| Q1 25 | $-0.03 | $0.10 | ||
| Q4 24 | $-0.12 | $-0.55 | ||
| Q3 24 | $0.30 | $-0.01 | ||
| Q2 24 | $-0.11 | $0.06 | ||
| Q1 24 | $-0.05 | $0.04 |
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 | $355.0M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $835.2M | $2.1B |
| 总资产 | $1.3B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资FLYWRGEN
| Q4 25 | $355.0M | $767.6M | ||
| Q3 25 | $377.3M | $748.7M | ||
| Q2 25 | $274.2M | $708.9M | ||
| Q1 25 | $255.3M | $697.2M | ||
| Q4 24 | $611.1M | $757.4M | ||
| Q3 24 | $681.1M | $784.0M | ||
| Q2 24 | $571.0M | $809.1M | ||
| Q1 24 | $619.0M | $780.6M |
总债务FLYWRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | $15.0M | $537.9M | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FLYWRGEN
| Q4 25 | $835.2M | $2.1B | ||
| Q3 25 | $829.1M | $2.1B | ||
| Q2 25 | $792.4M | $2.1B | ||
| Q1 25 | $784.3M | $2.0B | ||
| Q4 24 | $814.8M | $2.0B | ||
| Q3 24 | $843.2M | $2.0B | ||
| Q2 24 | $802.6M | $2.0B | ||
| Q1 24 | $-797.0M | $2.0B |
总资产FLYWRGEN
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.1B | $2.9B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $998.7M | $2.9B | ||
| Q1 24 | $998.7M | $2.8B |
负债/权益比FLYWRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | 0.02× | 0.26× | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | 0.27× | ||
| 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 | $4.9M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $4.5M | $17.6M |
| 自由现金流率自由现金流/营收 | 2.9% | 8.9% |
| 资本支出强度资本支出/营收 | 0.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 148.06× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $98.8M | $93.9M |
8季度趋势，按日历期对齐
经营现金流FLYWRGEN
| Q4 25 | $4.9M | $25.7M | ||
| Q3 25 | $150.1M | $48.1M | ||
| Q2 25 | $24.1M | $28.6M | ||
| Q1 25 | $-78.9M | $15.0M | ||
| Q4 24 | $-28.6M | $39.2M | ||
| Q3 24 | $184.6M | $49.3M | ||
| Q2 24 | $-19.3M | $42.2M | ||
| Q1 24 | $-38.1M | $44.7M |
自由现金流FLYWRGEN
| Q4 25 | $4.5M | $17.6M | ||
| Q3 25 | $149.9M | $43.4M | ||
| Q2 25 | $23.5M | $21.5M | ||
| Q1 25 | $-79.1M | $11.4M | ||
| Q4 24 | $-28.7M | $33.6M | ||
| Q3 24 | $184.4M | $42.3M | ||
| Q2 24 | $-19.7M | $37.4M | ||
| Q1 24 | $-38.3M | $36.4M |
自由现金流率FLYWRGEN
| Q4 25 | 2.9% | 8.9% | ||
| Q3 25 | 74.9% | 23.0% | ||
| Q2 25 | 17.8% | 11.8% | ||
| Q1 25 | -59.3% | 6.8% | ||
| Q4 24 | -24.4% | 19.3% | ||
| Q3 24 | 117.6% | 27.3% | ||
| Q2 24 | -19.0% | 24.3% | ||
| Q1 24 | -33.6% | 24.0% |
资本支出强度FLYWRGEN
| Q4 25 | 0.2% | 4.1% | ||
| Q3 25 | 0.1% | 2.5% | ||
| Q2 25 | 0.4% | 3.9% | ||
| Q1 25 | 0.1% | 2.1% | ||
| Q4 24 | 0.1% | 3.2% | ||
| Q3 24 | 0.1% | 4.5% | ||
| Q2 24 | 0.3% | 3.1% | ||
| Q1 24 | 0.2% | 5.5% |
现金转化率FLYWRGEN
| Q4 25 | 148.06× | 1.93× | ||
| Q3 25 | 5.07× | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
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
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
RGEN
暂无分部数据
