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HERITAGE FINANCIAL CORP（HFWA）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HERITAGE FINANCIAL CORP的1.2倍（$78.6M vs $66.3M），HERITAGE FINANCIAL CORP净利率更高（33.5% vs -178.3%，领先211.8%），HERITAGE FINANCIAL CORP同比增速更快（16.3% vs 0.4%），HERITAGE FINANCIAL CORP自由现金流更多（$85.7M vs $23.2M），过去两年HERITAGE FINANCIAL CORP的营收复合增速更高（16.8% vs -1.3%）
总部位于美国华盛顿州的区域性金融控股公司，面向太平洋西北地区的当地社群提供服务，核心业务涵盖商业与零售银行服务，包含存款产品、中小企业贷款、住房抵押贷款、个人信贷及财富管理解决方案，核心客群为中小微企业及个人客户。
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。
HFWA vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.2倍
$66.3M
营收增速更快
HFWA
高出15.9%
0.4%
净利率更高
HFWA
高出211.8%
-178.3%
自由现金流更多
HFWA
多$62.4M
$23.2M
两年增速更快
HFWA
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.3M | $78.6M |
| 净利润 | $22.2M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 38.7% | -182.2% |
| 净利率 | 33.5% | -178.3% |
| 营收同比 | 16.3% | 0.4% |
| 净利润同比 | 86.4% | -3304.1% |
| 每股收益（稀释后） | $0.65 | $-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HFWARPAY
| Q4 25 | $66.3M | $78.6M | ||
| Q3 25 | $65.7M | $77.7M | ||
| Q2 25 | $56.5M | $75.6M | ||
| Q1 25 | $57.6M | $77.3M | ||
| Q4 24 | $57.1M | $78.3M | ||
| Q3 24 | $54.8M | $79.1M | ||
| Q2 24 | $56.4M | $74.9M | ||
| Q1 24 | $48.6M | $80.7M |
净利润HFWARPAY
| Q4 25 | $22.2M | $-140.1M | ||
| Q3 25 | $19.2M | $-6.4M | ||
| Q2 25 | $12.2M | $-102.3M | ||
| Q1 25 | $13.9M | $-7.9M | ||
| Q4 24 | $11.9M | $-4.1M | ||
| Q3 24 | $11.4M | $3.2M | ||
| Q2 24 | $14.2M | $-4.1M | ||
| Q1 24 | $5.7M | $-5.2M |
毛利率HFWARPAY
| 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HFWARPAY
| Q4 25 | 38.7% | -182.2% | ||
| Q3 25 | 34.0% | -3.9% | ||
| Q2 25 | 25.6% | -138.7% | ||
| Q1 25 | 28.1% | -4.7% | ||
| Q4 24 | 28.6% | -1.5% | ||
| Q3 24 | 23.8% | -0.9% | ||
| Q2 24 | 28.4% | -4.6% | ||
| Q1 24 | 14.1% | -3.1% |
净利率HFWARPAY
| Q4 25 | 33.5% | -178.3% | ||
| Q3 25 | 29.2% | -8.3% | ||
| Q2 25 | 21.6% | -135.2% | ||
| Q1 25 | 24.2% | -10.3% | ||
| Q4 24 | 20.9% | -5.3% | ||
| Q3 24 | 20.8% | 4.1% | ||
| Q2 24 | 25.1% | -5.4% | ||
| Q1 24 | 11.8% | -6.5% |
每股收益（稀释后）HFWARPAY
| Q4 25 | $0.65 | $-1.68 | ||
| Q3 25 | $0.55 | $-0.08 | ||
| Q2 25 | $0.36 | $-1.15 | ||
| Q1 25 | $0.40 | $-0.09 | ||
| Q4 24 | $0.34 | $-0.04 | ||
| Q3 24 | $0.33 | $0.03 | ||
| Q2 24 | $0.41 | $-0.04 | ||
| Q1 24 | $0.16 | $-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 | $233.1M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $921.5M | $484.4M |
| 总资产 | $7.0B | $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HFWARPAY
| Q4 25 | $233.1M | $115.7M | ||
| Q3 25 | $245.5M | $95.7M | ||
| Q2 25 | $254.1M | $162.6M | ||
| Q1 25 | $248.7M | $165.5M | ||
| Q4 24 | $117.1M | $189.5M | ||
| Q3 24 | $175.6M | $168.7M | ||
| Q2 24 | $113.8M | $147.1M | ||
| Q1 24 | $189.6M | $128.3M |
总债务HFWARPAY
| 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HFWARPAY
| Q4 25 | $921.5M | $484.4M | ||
| Q3 25 | $904.1M | $616.9M | ||
| Q2 25 | $888.2M | $633.7M | ||
| Q1 25 | $881.5M | $755.7M | ||
| Q4 24 | $863.5M | $761.3M | ||
| Q3 24 | $874.5M | $754.7M | ||
| Q2 24 | $850.5M | $815.4M | ||
| Q1 24 | $847.6M | $813.8M |
总资产HFWARPAY
| Q4 25 | $7.0B | $1.2B | ||
| Q3 25 | $7.0B | $1.3B | ||
| Q2 25 | $7.1B | $1.4B | ||
| Q1 25 | $7.1B | $1.5B | ||
| Q4 24 | $7.1B | $1.6B | ||
| Q3 24 | $7.2B | $1.6B | ||
| Q2 24 | $7.1B | $1.5B | ||
| Q1 24 | $7.1B | $1.5B |
负债/权益比HFWARPAY
| 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 | $94.8M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $85.7M | $23.2M |
| 自由现金流率自由现金流/营收 | 129.1% | 29.6% |
| 资本支出强度资本支出/营收 | 13.8% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.26× | — |
| 过去12个月自由现金流最近4个季度 | $149.0M | $90.7M |
8季度趋势，按日历期对齐
经营现金流HFWARPAY
| Q4 25 | $94.8M | $23.3M | ||
| Q3 25 | $25.1M | $32.2M | ||
| Q2 25 | $22.5M | $33.1M | ||
| Q1 25 | $19.3M | $2.5M | ||
| Q4 24 | $64.5M | $34.3M | ||
| Q3 24 | $24.2M | $60.1M | ||
| Q2 24 | $6.8M | $31.0M | ||
| Q1 24 | $12.9M | $24.8M |
自由现金流HFWARPAY
| Q4 25 | $85.7M | $23.2M | ||
| Q3 25 | $24.4M | $32.1M | ||
| Q2 25 | $20.9M | $33.0M | ||
| Q1 25 | $18.1M | $2.4M | ||
| Q4 24 | $61.0M | $34.0M | ||
| Q3 24 | $23.2M | $59.8M | ||
| Q2 24 | $6.0M | $30.5M | ||
| Q1 24 | $12.0M | $24.7M |
自由现金流率HFWARPAY
| Q4 25 | 129.1% | 29.6% | ||
| Q3 25 | 37.1% | 41.3% | ||
| Q2 25 | 37.0% | 43.6% | ||
| Q1 25 | 31.4% | 3.0% | ||
| Q4 24 | 107.0% | 43.5% | ||
| Q3 24 | 42.4% | 75.6% | ||
| Q2 24 | 10.6% | 40.7% | ||
| Q1 24 | 24.7% | 30.6% |
资本支出强度HFWARPAY
| Q4 25 | 13.8% | 0.1% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 6.1% | 0.3% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.8% | 0.1% |
现金转化率HFWARPAY
| Q4 25 | 4.26× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.41× | — | ||
| Q3 24 | 2.12× | 18.52× | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 2.24× | — |
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
HFWA
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
