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Global Net Lease, Inc.（GNL）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
Global Net Lease, Inc.的季度营收约是Repay Holdings Corp的1.5倍（$117.0M vs $78.6M），Global Net Lease, Inc.净利率更高（41.2% vs -178.3%，领先219.5%），Repay Holdings Corp同比增速更快（0.4% vs -15.1%），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -11.1%）
Global Net Lease, Inc. 是一家上市房地产投资信托机构，主要收购、持有并运营多元化商业地产资产，通过长期净租赁协议出租物业，项目覆盖北美、欧洲多地，涵盖工业、办公、零售等领域，为股东提供稳定的长期收益。
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。
GNL vs RPAY — 直观对比
营收规模更大
GNL
是对方的1.5倍
$78.6M
营收增速更快
RPAY
高出15.5%
-15.1%
净利率更高
GNL
高出219.5%
-178.3%
两年增速更快
RPAY
近两年复合增速
-11.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $117.0M | $78.6M |
| 净利润 | $48.2M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 94.7% | -182.2% |
| 净利率 | 41.2% | -178.3% |
| 营收同比 | -15.1% | 0.4% |
| 净利润同比 | 838.7% | -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GNLRPAY
| Q4 25 | $117.0M | $78.6M | ||
| Q3 25 | $121.0M | $77.7M | ||
| Q2 25 | $124.9M | $75.6M | ||
| Q1 25 | $132.4M | $77.3M | ||
| Q4 24 | $137.8M | $78.3M | ||
| Q3 24 | $138.7M | $79.1M | ||
| Q2 24 | $145.5M | $74.9M | ||
| Q1 24 | $147.9M | $80.7M |
净利润GNLRPAY
| Q4 25 | $48.2M | $-140.1M | ||
| Q3 25 | $-60.1M | $-6.4M | ||
| Q2 25 | $-24.1M | $-102.3M | ||
| Q1 25 | $-189.4M | $-7.9M | ||
| Q4 24 | $-6.5M | $-4.1M | ||
| Q3 24 | $-65.6M | $3.2M | ||
| Q2 24 | $-35.7M | $-4.1M | ||
| Q1 24 | $-23.8M | $-5.2M |
毛利率GNLRPAY
| 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GNLRPAY
| Q4 25 | 94.7% | -182.2% | ||
| Q3 25 | -11.7% | -3.9% | ||
| Q2 25 | 33.9% | -138.7% | ||
| Q1 25 | -21.1% | -4.7% | ||
| Q4 24 | 40.8% | -1.5% | ||
| Q3 24 | 9.3% | -0.9% | ||
| Q2 24 | 42.6% | -4.6% | ||
| Q1 24 | 38.6% | -3.1% |
净利率GNLRPAY
| Q4 25 | 41.2% | -178.3% | ||
| Q3 25 | -49.7% | -8.3% | ||
| Q2 25 | -19.3% | -135.2% | ||
| Q1 25 | -143.0% | -10.3% | ||
| Q4 24 | -4.7% | -5.3% | ||
| Q3 24 | -47.3% | 4.1% | ||
| Q2 24 | -24.5% | -5.4% | ||
| Q1 24 | -16.1% | -6.5% |
每股收益（稀释后）GNLRPAY
| Q4 25 | $0.14 | $-1.68 | ||
| Q3 25 | $-0.32 | $-0.08 | ||
| Q2 25 | $-0.16 | $-1.15 | ||
| Q1 25 | $-0.87 | $-0.09 | ||
| Q4 24 | $-0.08 | $-0.04 | ||
| Q3 24 | $-0.33 | $0.03 | ||
| Q2 24 | $-0.20 | $-0.04 | ||
| Q1 24 | $-0.15 | $-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 | $180.1M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $1.7B | $484.4M |
| 总资产 | $4.3B | $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GNLRPAY
| Q4 25 | $180.1M | $115.7M | ||
| Q3 25 | $165.1M | $95.7M | ||
| Q2 25 | $144.8M | $162.6M | ||
| Q1 25 | $147.0M | $165.5M | ||
| Q4 24 | $159.7M | $189.5M | ||
| Q3 24 | $127.2M | $168.7M | ||
| Q2 24 | $122.2M | $147.1M | ||
| Q1 24 | $131.9M | $128.3M |
总债务GNLRPAY
| 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GNLRPAY
| Q4 25 | $1.7B | $484.4M | ||
| Q3 25 | $1.7B | $616.9M | ||
| Q2 25 | $1.8B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $2.2B | $761.3M | ||
| Q3 24 | $2.3B | $754.7M | ||
| Q2 24 | $2.4B | $815.4M | ||
| Q1 24 | $2.5B | $813.8M |
总资产GNLRPAY
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $4.8B | $1.3B | ||
| Q2 25 | $5.0B | $1.4B | ||
| Q1 25 | $5.8B | $1.5B | ||
| Q4 24 | $7.0B | $1.6B | ||
| Q3 24 | $7.3B | $1.6B | ||
| Q2 24 | $7.6B | $1.5B | ||
| Q1 24 | $8.0B | $1.5B |
负债/权益比GNLRPAY
| 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 | $222.8M | $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 | 4.62× | — |
| 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GNLRPAY
| Q4 25 | $222.8M | $23.3M | ||
| Q3 25 | $56.0M | $32.2M | ||
| Q2 25 | $52.0M | $33.1M | ||
| Q1 25 | $59.2M | $2.5M | ||
| Q4 24 | $299.5M | $34.3M | ||
| Q3 24 | $62.1M | $60.1M | ||
| Q2 24 | $70.4M | $31.0M | ||
| Q1 24 | $92.2M | $24.8M |
自由现金流GNLRPAY
| 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GNLRPAY
| 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GNLRPAY
| 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GNLRPAY
| Q4 25 | 4.62× | — | ||
| 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
