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HUDSON TECHNOLOGIES INC（HDSN）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HUDSON TECHNOLOGIES INC的1.8倍（$78.6M vs $44.4M），HUDSON TECHNOLOGIES INC净利率更高（-19.4% vs -178.3%，领先158.9%），HUDSON TECHNOLOGIES INC同比增速更快（28.2% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-33.7M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -17.5%）
哈德逊科技是总部位于美国的可持续制冷剂解决方案供应商，提供原生及回收再生制冷剂、制冷剂回收处理和合规支持服务，主要服务北美市场，核心客户覆盖暖通空调、商用制冷和工业冷却领域，助力客户向低全球变暖潜能值制冷剂转型。
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。
HDSN vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.8倍
$44.4M
营收增速更快
HDSN
高出27.8%
0.4%
净利率更高
HDSN
高出158.9%
-178.3%
自由现金流更多
RPAY
多$56.9M
$-33.7M
两年增速更快
RPAY
近两年复合增速
-17.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $44.4M | $78.6M |
| 净利润 | $-8.6M | $-140.1M |
| 毛利率 | 8.0% | 74.2% |
| 营业利润率 | -25.2% | -182.2% |
| 净利率 | -19.4% | -178.3% |
| 营收同比 | 28.2% | 0.4% |
| 净利润同比 | -236.6% | -3304.1% |
| 每股收益（稀释后） | $-0.19 | $-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HDSNRPAY
| Q4 25 | $44.4M | $78.6M | ||
| Q3 25 | $74.0M | $77.7M | ||
| Q2 25 | $72.8M | $75.6M | ||
| Q1 25 | $55.3M | $77.3M | ||
| Q4 24 | $34.6M | $78.3M | ||
| Q3 24 | $61.9M | $79.1M | ||
| Q2 24 | $75.3M | $74.9M | ||
| Q1 24 | $65.3M | $80.7M |
净利润HDSNRPAY
| Q4 25 | $-8.6M | $-140.1M | ||
| Q3 25 | $12.4M | $-6.4M | ||
| Q2 25 | $10.2M | $-102.3M | ||
| Q1 25 | $2.8M | $-7.9M | ||
| Q4 24 | $-2.6M | $-4.1M | ||
| Q3 24 | $7.8M | $3.2M | ||
| Q2 24 | $9.6M | $-4.1M | ||
| Q1 24 | $9.6M | $-5.2M |
毛利率HDSNRPAY
| Q4 25 | 8.0% | 74.2% | ||
| Q3 25 | 32.0% | 74.4% | ||
| Q2 25 | 31.3% | 75.7% | ||
| Q1 25 | 21.8% | 75.9% | ||
| Q4 24 | 16.7% | 76.3% | ||
| Q3 24 | 25.7% | 77.8% | ||
| Q2 24 | 30.0% | 78.2% | ||
| Q1 24 | 32.8% | 76.2% |
营业利润率HDSNRPAY
| Q4 25 | -25.2% | -182.2% | ||
| Q3 25 | 18.9% | -3.9% | ||
| Q2 25 | 17.5% | -138.7% | ||
| Q1 25 | 5.6% | -4.7% | ||
| Q4 24 | -9.4% | -1.5% | ||
| Q3 24 | 11.3% | -0.9% | ||
| Q2 24 | 17.0% | -4.6% | ||
| Q1 24 | 19.6% | -3.1% |
净利率HDSNRPAY
| Q4 25 | -19.4% | -178.3% | ||
| Q3 25 | 16.7% | -8.3% | ||
| Q2 25 | 14.0% | -135.2% | ||
| Q1 25 | 5.0% | -10.3% | ||
| Q4 24 | -7.4% | -5.3% | ||
| Q3 24 | 12.6% | 4.1% | ||
| Q2 24 | 12.7% | -5.4% | ||
| Q1 24 | 14.7% | -6.5% |
每股收益（稀释后）HDSNRPAY
| Q4 25 | $-0.19 | $-1.68 | ||
| Q3 25 | $0.27 | $-0.08 | ||
| Q2 25 | $0.23 | $-1.15 | ||
| Q1 25 | $0.06 | $-0.09 | ||
| Q4 24 | $-0.05 | $-0.04 | ||
| Q3 24 | $0.17 | $0.03 | ||
| Q2 24 | $0.20 | $-0.04 | ||
| Q1 24 | $0.20 | $-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 | $39.5M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $243.4M | $484.4M |
| 总资产 | $318.6M | $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HDSNRPAY
| Q4 25 | $39.5M | $115.7M | ||
| Q3 25 | $89.7M | $95.7M | ||
| Q2 25 | $84.3M | $162.6M | ||
| Q1 25 | $81.0M | $165.5M | ||
| Q4 24 | $70.1M | $189.5M | ||
| Q3 24 | $56.5M | $168.7M | ||
| Q2 24 | $30.5M | $147.1M | ||
| Q1 24 | $10.6M | $128.3M |
总债务HDSNRPAY
| 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HDSNRPAY
| Q4 25 | $243.4M | $484.4M | ||
| Q3 25 | $265.9M | $616.9M | ||
| Q2 25 | $254.8M | $633.7M | ||
| Q1 25 | $246.8M | $755.7M | ||
| Q4 24 | $245.8M | $761.3M | ||
| Q3 24 | $253.9M | $754.7M | ||
| Q2 24 | $248.7M | $815.4M | ||
| Q1 24 | $238.6M | $813.8M |
总资产HDSNRPAY
| Q4 25 | $318.6M | $1.2B | ||
| Q3 25 | $338.9M | $1.3B | ||
| Q2 25 | $317.9M | $1.4B | ||
| Q1 25 | $307.9M | $1.5B | ||
| Q4 24 | $302.7M | $1.6B | ||
| Q3 24 | $309.4M | $1.6B | ||
| Q2 24 | $300.9M | $1.5B | ||
| Q1 24 | $294.2M | $1.5B |
负债/权益比HDSNRPAY
| 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 | $-32.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-33.7M | $23.2M |
| 自由现金流率自由现金流/营收 | -75.8% | 29.6% |
| 资本支出强度资本支出/营收 | 2.5% | 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 | $-8.2M | $90.7M |
8季度趋势，按日历期对齐
经营现金流HDSNRPAY
| Q4 25 | $-32.5M | $23.3M | ||
| Q3 25 | $8.8M | $32.2M | ||
| Q2 25 | $6.4M | $33.1M | ||
| Q1 25 | $14.2M | $2.5M | ||
| Q4 24 | $20.7M | $34.3M | ||
| Q3 24 | $30.3M | $60.1M | ||
| Q2 24 | $41.8M | $31.0M | ||
| Q1 24 | $-933.0K | $24.8M |
自由现金流HDSNRPAY
| Q4 25 | $-33.7M | $23.2M | ||
| Q3 25 | $6.7M | $32.1M | ||
| Q2 25 | $5.9M | $33.0M | ||
| Q1 25 | $12.7M | $2.4M | ||
| Q4 24 | $19.2M | $34.0M | ||
| Q3 24 | $28.6M | $59.8M | ||
| Q2 24 | $40.6M | $30.5M | ||
| Q1 24 | $-1.9M | $24.7M |
自由现金流率HDSNRPAY
| Q4 25 | -75.8% | 29.6% | ||
| Q3 25 | 9.1% | 41.3% | ||
| Q2 25 | 8.2% | 43.6% | ||
| Q1 25 | 23.0% | 3.0% | ||
| Q4 24 | 55.3% | 43.5% | ||
| Q3 24 | 46.2% | 75.6% | ||
| Q2 24 | 54.0% | 40.7% | ||
| Q1 24 | -2.9% | 30.6% |
资本支出强度HDSNRPAY
| Q4 25 | 2.5% | 0.1% | ||
| Q3 25 | 2.8% | 0.2% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 4.5% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.5% | 0.1% |
现金转化率HDSNRPAY
| Q4 25 | — | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 5.13× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.88× | 18.52× | ||
| Q2 24 | 4.36× | — | ||
| Q1 24 | -0.10× | — |
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
HDSN
| Products | $43.1M | 97% |
| Services | $1.3M | 3% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
