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Shift4 Payments, Inc.（FOUR）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是Royalty Pharma plc的1.9倍（$1.2B vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 3.4%，领先31.1%），Shift4 Payments, Inc.同比增速更快（34.0% vs 4.8%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 4.6%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
FOUR vs RPRX — 直观对比
营收规模更大
FOUR
是对方的1.9倍
$622.0M
营收增速更快
FOUR
高出29.2%
4.8%
净利率更高
RPRX
高出31.1%
3.4%
两年增速更快
FOUR
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $622.0M |
| 净利润 | $40.2M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | 62.4% |
| 净利率 | 3.4% | 34.4% |
| 营收同比 | 34.0% | 4.8% |
| 净利润同比 | -65.3% | 2.9% |
| 每股收益（稀释后） | — | $0.49 |
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FOURRPRX
| Q4 25 | $1.2B | $622.0M | ||
| Q3 25 | $1.2B | $609.3M | ||
| Q2 25 | $966.2M | $578.7M | ||
| Q1 25 | $848.3M | $568.2M | ||
| Q4 24 | $887.0M | $593.6M | ||
| Q3 24 | $909.2M | $564.7M | ||
| Q2 24 | $827.0M | $537.3M | ||
| Q1 24 | $707.4M | $568.0M |
净利润FOURRPRX
| Q4 25 | $40.2M | $214.2M | ||
| Q3 25 | $28.1M | $288.2M | ||
| Q2 25 | $34.0M | $30.2M | ||
| Q1 25 | $16.7M | $238.3M | ||
| Q4 24 | $116.0M | $208.2M | ||
| Q3 24 | $53.8M | $544.0M | ||
| Q2 24 | $39.2M | $102.0M | ||
| Q1 24 | $20.6M | $4.8M |
营业利润率FOURRPRX
| Q4 25 | 10.8% | 62.4% | ||
| Q3 25 | 9.7% | 70.1% | ||
| Q2 25 | 8.6% | 36.3% | ||
| Q1 25 | 3.0% | 94.0% | ||
| Q4 24 | 9.7% | 60.9% | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 7.2% | 50.2% | ||
| Q1 24 | 3.0% | -13.0% |
净利率FOURRPRX
| Q4 25 | 3.4% | 34.4% | ||
| Q3 25 | 2.4% | 47.3% | ||
| Q2 25 | 3.5% | 5.2% | ||
| Q1 25 | 2.0% | 41.9% | ||
| Q4 24 | 13.1% | 35.1% | ||
| Q3 24 | 5.9% | 96.3% | ||
| Q2 24 | 4.7% | 19.0% | ||
| Q1 24 | 2.9% | 0.8% |
每股收益（稀释后）FOURRPRX
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.67 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $1.21 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.01 |
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 | $964.0M | $618.7M |
| 总债务越低越好 | $4.5B | $9.0B |
| 股东权益账面价值 | $1.4B | $9.7B |
| 总资产 | $8.7B | $19.6B |
| 负债/权益比越低杠杆越低 | 3.15× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资FOURRPRX
| Q4 25 | $964.0M | $618.7M | ||
| Q3 25 | $1.5B | $938.9M | ||
| Q2 25 | $3.0B | $631.9M | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $929.0M | ||
| Q3 24 | $1.4B | $950.1M | ||
| Q2 24 | $205.0M | $1.8B | ||
| Q1 24 | $522.9M | $843.0M |
总债务FOURRPRX
| Q4 25 | $4.5B | $9.0B | ||
| Q3 25 | $4.7B | $8.9B | ||
| Q2 25 | $3.7B | $8.0B | ||
| Q1 25 | $2.8B | $7.6B | ||
| Q4 24 | $2.8B | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益FOURRPRX
| Q4 25 | $1.4B | $9.7B | ||
| Q3 25 | $1.7B | $9.6B | ||
| Q2 25 | $1.6B | $9.5B | ||
| Q1 25 | $805.2M | $9.8B | ||
| Q4 24 | $806.6M | $10.3B | ||
| Q3 24 | $811.8M | $10.3B | ||
| Q2 24 | $700.8M | $9.8B | ||
| Q1 24 | $674.5M | $9.9B |
总资产FOURRPRX
| Q4 25 | $8.7B | $19.6B | ||
| Q3 25 | $9.0B | $19.3B | ||
| Q2 25 | $7.0B | $18.3B | ||
| Q1 25 | $5.0B | $17.6B | ||
| Q4 24 | $5.0B | $18.2B | ||
| Q3 24 | $5.0B | $18.0B | ||
| Q2 24 | $3.5B | $17.7B | ||
| Q1 24 | $3.4B | $16.1B |
负债/权益比FOURRPRX
| Q4 25 | 3.15× | 0.92× | ||
| Q3 25 | 2.83× | 0.93× | ||
| Q2 25 | 2.34× | 0.84× | ||
| Q1 25 | 3.53× | 0.78× | ||
| Q4 24 | 3.52× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $223.7M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | — |
| 自由现金流率自由现金流/营收 | 18.7% | — |
| 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 | 5.56× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $624.0M | — |
8季度趋势，按日历期对齐
经营现金流FOURRPRX
| Q4 25 | $223.7M | $827.1M | ||
| Q3 25 | $171.8M | $702.6M | ||
| Q2 25 | $141.9M | $364.0M | ||
| Q1 25 | $96.6M | $596.1M | ||
| Q4 24 | $145.4M | $742.5M | ||
| Q3 24 | $182.1M | $703.6M | ||
| Q2 24 | $116.1M | $658.2M | ||
| Q1 24 | $56.7M | $664.6M |
自由现金流FOURRPRX
| Q4 25 | $222.5M | — | ||
| Q3 25 | $165.4M | — | ||
| Q2 25 | $141.0M | — | ||
| Q1 25 | $95.1M | — | ||
| Q4 24 | $143.8M | — | ||
| Q3 24 | $180.1M | — | ||
| Q2 24 | $113.9M | — | ||
| Q1 24 | $55.4M | — |
自由现金流率FOURRPRX
| Q4 25 | 18.7% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 7.8% | — |
资本支出强度FOURRPRX
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FOURRPRX
| Q4 25 | 5.56× | 3.86× | ||
| Q3 25 | 6.11× | 2.44× | ||
| Q2 25 | 4.17× | 12.06× | ||
| Q1 25 | 5.78× | 2.50× | ||
| Q4 24 | 1.25× | 3.57× | ||
| Q3 24 | 3.38× | 1.29× | ||
| Q2 24 | 2.96× | 6.45× | ||
| Q1 24 | 2.75× | 139.10× |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
