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Hippo Holdings Inc.（HIPO）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
Hippo Holdings Inc.的季度营收约是Repay Holdings Corp的1.5倍（$120.4M vs $78.6M），Hippo Holdings Inc.净利率更高（5.0% vs -178.3%，领先183.3%），Hippo Holdings Inc.同比增速更快（18.2% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $9.1M），过去两年Hippo Holdings Inc.的营收复合增速更高（18.9% vs -1.3%）
河马谷庄园是一座甘蔗种植园，坐落于津巴布韦东南部奇雷济区奇雷济镇附近，位于伦迪河沿岸，毗邻莫桑比克边境，是当地重要的蔗糖产业园区。
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。
HIPO vs RPAY — 直观对比
营收规模更大
HIPO
是对方的1.5倍
$78.6M
营收增速更快
HIPO
高出17.8%
0.4%
净利率更高
HIPO
高出183.3%
-178.3%
自由现金流更多
RPAY
多$14.1M
$9.1M
两年增速更快
HIPO
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.4M | $78.6M |
| 净利润 | $6.0M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 5.6% | -182.2% |
| 净利率 | 5.0% | -178.3% |
| 营收同比 | 18.2% | 0.4% |
| 净利润同比 | -86.4% | -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HIPORPAY
| Q4 25 | $120.4M | $78.6M | ||
| Q3 25 | $120.6M | $77.7M | ||
| Q2 25 | $117.3M | $75.6M | ||
| Q1 25 | $110.3M | $77.3M | ||
| Q4 24 | $101.9M | $78.3M | ||
| Q3 24 | $95.5M | $79.1M | ||
| Q2 24 | $89.6M | $74.9M | ||
| Q1 24 | $85.1M | $80.7M |
净利润HIPORPAY
| Q4 25 | $6.0M | $-140.1M | ||
| Q3 25 | $98.1M | $-6.4M | ||
| Q2 25 | $1.3M | $-102.3M | ||
| Q1 25 | $-47.7M | $-7.9M | ||
| Q4 24 | $44.2M | $-4.1M | ||
| Q3 24 | $-8.5M | $3.2M | ||
| Q2 24 | $-40.5M | $-4.1M | ||
| Q1 24 | $-35.7M | $-5.2M |
毛利率HIPORPAY
| 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HIPORPAY
| Q4 25 | 5.6% | -182.2% | ||
| Q3 25 | 81.3% | -3.9% | ||
| Q2 25 | 3.4% | -138.7% | ||
| Q1 25 | -41.3% | -4.7% | ||
| Q4 24 | 46.3% | -1.5% | ||
| Q3 24 | -5.4% | -0.9% | ||
| Q2 24 | -40.7% | -4.6% | ||
| Q1 24 | -38.7% | -3.1% |
净利率HIPORPAY
| Q4 25 | 5.0% | -178.3% | ||
| Q3 25 | 81.3% | -8.3% | ||
| Q2 25 | 1.1% | -135.2% | ||
| Q1 25 | -43.2% | -10.3% | ||
| Q4 24 | 43.4% | -5.3% | ||
| Q3 24 | -8.9% | 4.1% | ||
| Q2 24 | -45.2% | -5.4% | ||
| Q1 24 | -42.0% | -6.5% |
每股收益（稀释后）HIPORPAY
| Q4 25 | $0.31 | $-1.68 | ||
| Q3 25 | $3.77 | $-0.08 | ||
| Q2 25 | $0.05 | $-1.15 | ||
| Q1 25 | $-1.91 | $-0.09 | ||
| Q4 24 | $1.81 | $-0.04 | ||
| Q3 24 | $-0.34 | $0.03 | ||
| Q2 24 | $-1.64 | $-0.04 | ||
| Q1 24 | $-1.47 | $-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 | $218.3M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $436.1M | $484.4M |
| 总资产 | $1.9B | $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HIPORPAY
| Q4 25 | $218.3M | $115.7M | ||
| Q3 25 | $247.7M | $95.7M | ||
| Q2 25 | $198.9M | $162.6M | ||
| Q1 25 | $140.9M | $165.5M | ||
| Q4 24 | $197.6M | $189.5M | ||
| Q3 24 | $191.2M | $168.7M | ||
| Q2 24 | $175.9M | $147.1M | ||
| Q1 24 | $223.4M | $128.3M |
总债务HIPORPAY
| 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HIPORPAY
| Q4 25 | $436.1M | $484.4M | ||
| Q3 25 | $421.5M | $616.9M | ||
| Q2 25 | $332.5M | $633.7M | ||
| Q1 25 | $322.8M | $755.7M | ||
| Q4 24 | $362.1M | $761.3M | ||
| Q3 24 | $326.4M | $754.7M | ||
| Q2 24 | $322.6M | $815.4M | ||
| Q1 24 | $351.2M | $813.8M |
总资产HIPORPAY
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
负债/权益比HIPORPAY
| 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 | $9.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $9.1M | $23.2M |
| 自由现金流率自由现金流/营收 | 7.6% | 29.6% |
| 资本支出强度资本支出/营收 | 0.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.53× | — |
| 过去12个月自由现金流最近4个季度 | $14.8M | $90.7M |
8季度趋势，按日历期对齐
经营现金流HIPORPAY
| Q4 25 | $9.2M | $23.3M | ||
| Q3 25 | $16.9M | $32.2M | ||
| Q2 25 | $24.7M | $33.1M | ||
| Q1 25 | $-35.6M | $2.5M | ||
| Q4 24 | $47.5M | $34.3M | ||
| Q3 24 | $46.8M | $60.1M | ||
| Q2 24 | $-10.6M | $31.0M | ||
| Q1 24 | $17.7M | $24.8M |
自由现金流HIPORPAY
| Q4 25 | $9.1M | $23.2M | ||
| Q3 25 | $16.8M | $32.1M | ||
| Q2 25 | $24.6M | $33.0M | ||
| Q1 25 | $-35.7M | $2.4M | ||
| Q4 24 | $47.2M | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | $-10.7M | $30.5M | ||
| Q1 24 | $17.6M | $24.7M |
自由现金流率HIPORPAY
| Q4 25 | 7.6% | 29.6% | ||
| Q3 25 | 13.9% | 41.3% | ||
| Q2 25 | 21.0% | 43.6% | ||
| Q1 25 | -32.4% | 3.0% | ||
| Q4 24 | 46.3% | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | -11.9% | 40.7% | ||
| Q1 24 | 20.7% | 30.6% |
资本支出强度HIPORPAY
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.1% | 0.2% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.1% | 0.6% | ||
| Q1 24 | 0.1% | 0.1% |
现金转化率HIPORPAY
| Q4 25 | 1.53× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 19.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.07× | — | ||
| 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
HIPO
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% |
