vs
GOLDEN ENTERTAINMENT, INC.（GDEN）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
GOLDEN ENTERTAINMENT, INC.的季度营收约是Repay Holdings Corp的2.0倍（$155.6M vs $78.6M），GOLDEN ENTERTAINMENT, INC.净利率更高（-5.5% vs -178.3%，领先172.8%），Repay Holdings Corp同比增速更快（0.4% vs -5.2%），Repay Holdings Corp自由现金流更多（$23.2M vs $-4.4M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -5.4%）
黄金娱乐公司是一家总部位于内华达州恩特普赖斯的美国博彩企业，成立于2015年，由黄金博彩与莱克斯娱乐合并而来。该公司目前在内华达南部运营8家度假赌场，同时也是内华达州规模最大的酒馆运营商，2017年10月曾以8.5亿美元完成对美国赌场娱乐地产公司的收购。
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。
GDEN vs RPAY — 直观对比
营收规模更大
GDEN
是对方的2.0倍
$78.6M
营收增速更快
RPAY
高出5.6%
-5.2%
净利率更高
GDEN
高出172.8%
-178.3%
自由现金流更多
RPAY
多$27.6M
$-4.4M
两年增速更快
RPAY
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $155.6M | $78.6M |
| 净利润 | $-8.5M | $-140.1M |
| 毛利率 | 92.5% | 74.2% |
| 营业利润率 | -1.5% | -182.2% |
| 净利率 | -5.5% | -178.3% |
| 营收同比 | -5.2% | 0.4% |
| 净利润同比 | -386.0% | -3304.1% |
| 每股收益（稀释后） | $-0.31 | $-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GDENRPAY
| Q4 25 | $155.6M | $78.6M | ||
| Q3 25 | $154.8M | $77.7M | ||
| Q2 25 | $163.6M | $75.6M | ||
| Q1 25 | $160.8M | $77.3M | ||
| Q4 24 | $164.2M | $78.3M | ||
| Q3 24 | $161.2M | $79.1M | ||
| Q2 24 | $167.3M | $74.9M | ||
| Q1 24 | $174.0M | $80.7M |
净利润GDENRPAY
| Q4 25 | $-8.5M | $-140.1M | ||
| Q3 25 | $-4.7M | $-6.4M | ||
| Q2 25 | $4.6M | $-102.3M | ||
| Q1 25 | $2.5M | $-7.9M | ||
| Q4 24 | $3.0M | $-4.1M | ||
| Q3 24 | $5.2M | $3.2M | ||
| Q2 24 | $623.0K | $-4.1M | ||
| Q1 24 | $42.0M | $-5.2M |
毛利率GDENRPAY
| Q4 25 | 92.5% | 74.2% | ||
| Q3 25 | 92.8% | 74.4% | ||
| Q2 25 | 93.1% | 75.7% | ||
| Q1 25 | 92.7% | 75.9% | ||
| Q4 24 | 96.3% | 76.3% | ||
| Q3 24 | 93.0% | 77.8% | ||
| Q2 24 | 93.2% | 78.2% | ||
| Q1 24 | 89.9% | 76.2% |
营业利润率GDENRPAY
| Q4 25 | -1.5% | -182.2% | ||
| Q3 25 | 0.6% | -3.9% | ||
| Q2 25 | 7.3% | -138.7% | ||
| Q1 25 | 6.9% | -4.7% | ||
| Q4 24 | 7.1% | -1.5% | ||
| Q3 24 | 4.2% | -0.9% | ||
| Q2 24 | 8.1% | -4.6% | ||
| Q1 24 | 46.0% | -3.1% |
净利率GDENRPAY
| Q4 25 | -5.5% | -178.3% | ||
| Q3 25 | -3.0% | -8.3% | ||
| Q2 25 | 2.8% | -135.2% | ||
| Q1 25 | 1.6% | -10.3% | ||
| Q4 24 | 1.8% | -5.3% | ||
| Q3 24 | 3.2% | 4.1% | ||
| Q2 24 | 0.4% | -5.4% | ||
| Q1 24 | 24.1% | -6.5% |
每股收益（稀释后）GDENRPAY
| Q4 25 | $-0.31 | $-1.68 | ||
| Q3 25 | $-0.18 | $-0.08 | ||
| Q2 25 | $0.17 | $-1.15 | ||
| Q1 25 | $0.09 | $-0.09 | ||
| Q4 24 | $0.14 | $-0.04 | ||
| Q3 24 | $0.18 | $0.03 | ||
| Q2 24 | $0.02 | $-0.04 | ||
| Q1 24 | $1.37 | $-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 | $55.3M | $115.7M |
| 总债务越低越好 | $426.6M | $280.1M |
| 股东权益账面价值 | $420.9M | $484.4M |
| 总资产 | $1.0B | $1.2B |
| 负债/权益比越低杠杆越低 | 1.01× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资GDENRPAY
| Q4 25 | $55.3M | $115.7M | ||
| Q3 25 | $58.3M | $95.7M | ||
| Q2 25 | $52.3M | $162.6M | ||
| Q1 25 | $50.5M | $165.5M | ||
| Q4 24 | $57.7M | $189.5M | ||
| Q3 24 | $68.6M | $168.7M | ||
| Q2 24 | $88.6M | $147.1M | ||
| Q1 24 | $404.3M | $128.3M |
总债务GDENRPAY
| Q4 25 | $426.6M | $280.1M | ||
| Q3 25 | $417.3M | $279.5M | ||
| Q2 25 | $423.3M | $279.0M | ||
| Q1 25 | $399.3M | $497.6M | ||
| Q4 24 | $405.3M | $496.8M | ||
| Q3 24 | $386.3M | $496.2M | ||
| Q2 24 | $388.2M | $435.6M | ||
| Q1 24 | $660.9M | $434.9M |
股东权益GDENRPAY
| Q4 25 | $420.9M | $484.4M | ||
| Q3 25 | $434.2M | $616.9M | ||
| Q2 25 | $443.3M | $633.7M | ||
| Q1 25 | $462.0M | $755.7M | ||
| Q4 24 | $474.2M | $761.3M | ||
| Q3 24 | $513.1M | $754.7M | ||
| Q2 24 | $539.0M | $815.4M | ||
| Q1 24 | $569.6M | $813.8M |
总资产GDENRPAY
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
负债/权益比GDENRPAY
| Q4 25 | 1.01× | 0.58× | ||
| Q3 25 | 0.96× | 0.45× | ||
| Q2 25 | 0.95× | 0.44× | ||
| Q1 25 | 0.86× | 0.66× | ||
| Q4 24 | 0.85× | 0.65× | ||
| Q3 24 | 0.75× | 0.66× | ||
| Q2 24 | 0.72× | 0.53× | ||
| Q1 24 | 1.16× | 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 | $10.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.4M | $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 | 9.4% | 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 | $35.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流GDENRPAY
| Q4 25 | $10.2M | $23.3M | ||
| Q3 25 | $26.9M | $32.2M | ||
| Q2 25 | $17.4M | $33.1M | ||
| Q1 25 | $28.6M | $2.5M | ||
| Q4 24 | $22.5M | $34.3M | ||
| Q3 24 | $22.5M | $60.1M | ||
| Q2 24 | $21.5M | $31.0M | ||
| Q1 24 | $25.8M | $24.8M |
自由现金流GDENRPAY
| Q4 25 | $-4.4M | $23.2M | ||
| Q3 25 | $19.3M | $32.1M | ||
| Q2 25 | $4.0M | $33.0M | ||
| Q1 25 | $16.6M | $2.4M | ||
| Q4 24 | $14.3M | $34.0M | ||
| Q3 24 | $14.7M | $59.8M | ||
| Q2 24 | $3.9M | $30.5M | ||
| Q1 24 | $9.5M | $24.7M |
自由现金流率GDENRPAY
| Q4 25 | -2.8% | 29.6% | ||
| Q3 25 | 12.5% | 41.3% | ||
| Q2 25 | 2.4% | 43.6% | ||
| Q1 25 | 10.4% | 3.0% | ||
| Q4 24 | 8.7% | 43.5% | ||
| Q3 24 | 9.1% | 75.6% | ||
| Q2 24 | 2.3% | 40.7% | ||
| Q1 24 | 5.5% | 30.6% |
资本支出强度GDENRPAY
| Q4 25 | 9.4% | 0.1% | ||
| Q3 25 | 4.9% | 0.2% | ||
| Q2 25 | 8.2% | 0.1% | ||
| Q1 25 | 7.4% | 0.2% | ||
| Q4 24 | 5.0% | 0.3% | ||
| Q3 24 | 4.9% | 0.3% | ||
| Q2 24 | 10.5% | 0.6% | ||
| Q1 24 | 9.3% | 0.1% |
现金转化率GDENRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.76× | — | ||
| Q1 25 | 11.43× | — | ||
| Q4 24 | 7.57× | — | ||
| Q3 24 | 4.36× | 18.52× | ||
| Q2 24 | 34.51× | — | ||
| Q1 24 | 0.61× | — |
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
GDEN
| Nevada Casino Resorts | $90.2M | 58% |
| Nevada Locals Casinos | $37.4M | 24% |
| Nevada Taverns | $27.7M | 18% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
