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HALLADOR ENERGY CO（HNRG）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
HALLADOR ENERGY CO的季度营收约是Repay Holdings Corp的1.3倍（$101.9M vs $78.6M），HALLADOR ENERGY CO净利率更高（-0.2% vs -178.3%，领先178.1%），HALLADOR ENERGY CO同比增速更快（8.9% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-16.8M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -4.4%）
Hallador能源公司是总部位于美国的能源企业，主要从事低硫煤炭生产及发电业务，覆盖北美市场，为公用事业、工业客户供应煤炭，同时向区域居民及商业用户提供电力服务。
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。
HNRG vs RPAY — 直观对比
营收规模更大
HNRG
是对方的1.3倍
$78.6M
营收增速更快
HNRG
高出8.5%
0.4%
净利率更高
HNRG
高出178.1%
-178.3%
自由现金流更多
RPAY
多$40.0M
$-16.8M
两年增速更快
RPAY
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.9M | $78.6M |
| 净利润 | $-240.0K | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 6.1% | -182.2% |
| 净利率 | -0.2% | -178.3% |
| 营收同比 | 8.9% | 0.4% |
| 净利润同比 | 99.9% | -3304.1% |
| 每股收益（稀释后） | $-0.01 | $-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HNRGRPAY
| Q4 25 | $101.9M | $78.6M | ||
| Q3 25 | $146.8M | $77.7M | ||
| Q2 25 | $102.9M | $75.6M | ||
| Q1 25 | $117.8M | $77.3M | ||
| Q4 24 | $93.6M | $78.3M | ||
| Q3 24 | $105.2M | $79.1M | ||
| Q2 24 | $93.8M | $74.9M | ||
| Q1 24 | $111.6M | $80.7M |
净利润HNRGRPAY
| Q4 25 | $-240.0K | $-140.1M | ||
| Q3 25 | $23.9M | $-6.4M | ||
| Q2 25 | $8.2M | $-102.3M | ||
| Q1 25 | $10.0M | $-7.9M | ||
| Q4 24 | $-215.8M | $-4.1M | ||
| Q3 24 | $1.6M | $3.2M | ||
| Q2 24 | $-10.2M | $-4.1M | ||
| Q1 24 | $-1.7M | $-5.2M |
毛利率HNRGRPAY
| 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 | 23.7% | 76.2% |
营业利润率HNRGRPAY
| Q4 25 | 6.1% | -182.2% | ||
| Q3 25 | 19.8% | -3.9% | ||
| Q2 25 | 11.5% | -138.7% | ||
| Q1 25 | 11.8% | -4.7% | ||
| Q4 24 | -233.5% | -1.5% | ||
| Q3 24 | 4.5% | -0.9% | ||
| Q2 24 | -7.8% | -4.6% | ||
| Q1 24 | 2.4% | -3.1% |
净利率HNRGRPAY
| Q4 25 | -0.2% | -178.3% | ||
| Q3 25 | 16.3% | -8.3% | ||
| Q2 25 | 8.0% | -135.2% | ||
| Q1 25 | 8.5% | -10.3% | ||
| Q4 24 | -230.5% | -5.3% | ||
| Q3 24 | 1.5% | 4.1% | ||
| Q2 24 | -10.9% | -5.4% | ||
| Q1 24 | -1.5% | -6.5% |
每股收益（稀释后）HNRGRPAY
| Q4 25 | $-0.01 | $-1.68 | ||
| Q3 25 | $0.55 | $-0.08 | ||
| Q2 25 | $0.19 | $-1.15 | ||
| Q1 25 | $0.23 | $-0.09 | ||
| Q4 24 | $-5.44 | $-0.04 | ||
| Q3 24 | $0.04 | $0.03 | ||
| Q2 24 | $-0.27 | $-0.04 | ||
| Q1 24 | $-0.05 | $-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 | $10.1M | $115.7M |
| 总债务越低越好 | $29.7M | $280.1M |
| 股东权益账面价值 | $159.8M | $484.4M |
| 总资产 | $408.1M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资HNRGRPAY
| Q4 25 | $10.1M | $115.7M | ||
| Q3 25 | $12.7M | $95.7M | ||
| Q2 25 | $9.2M | $162.6M | ||
| Q1 25 | $6.9M | $165.5M | ||
| Q4 24 | $7.2M | $189.5M | ||
| Q3 24 | $3.8M | $168.7M | ||
| Q2 24 | $6.4M | $147.1M | ||
| Q1 24 | $1.6M | $128.3M |
总债务HNRGRPAY
| Q4 25 | $29.7M | $280.1M | ||
| Q3 25 | $42.7M | $279.5M | ||
| Q2 25 | $43.1M | $279.0M | ||
| Q1 25 | $21.0M | $497.6M | ||
| Q4 24 | $41.5M | $496.8M | ||
| Q3 24 | $67.0M | $496.2M | ||
| Q2 24 | $42.7M | $435.6M | ||
| Q1 24 | $73.8M | $434.9M |
股东权益HNRGRPAY
| Q4 25 | $159.8M | $484.4M | ||
| Q3 25 | $146.2M | $616.9M | ||
| Q2 25 | $122.2M | $633.7M | ||
| Q1 25 | $115.3M | $755.7M | ||
| Q4 24 | $104.3M | $761.3M | ||
| Q3 24 | $318.8M | $754.7M | ||
| Q2 24 | $316.2M | $815.4M | ||
| Q1 24 | $283.9M | $813.8M |
总资产HNRGRPAY
| Q4 25 | $408.1M | $1.2B | ||
| Q3 25 | $409.5M | $1.3B | ||
| Q2 25 | $409.5M | $1.4B | ||
| Q1 25 | $366.1M | $1.5B | ||
| Q4 24 | $369.1M | $1.6B | ||
| Q3 24 | $579.7M | $1.6B | ||
| Q2 24 | $595.2M | $1.5B | ||
| Q1 24 | $585.4M | $1.5B |
负债/权益比HNRGRPAY
| Q4 25 | 0.19× | 0.58× | ||
| Q3 25 | 0.29× | 0.45× | ||
| Q2 25 | 0.35× | 0.44× | ||
| Q1 25 | 0.18× | 0.66× | ||
| Q4 24 | 0.40× | 0.65× | ||
| Q3 24 | 0.21× | 0.66× | ||
| Q2 24 | 0.13× | 0.53× | ||
| Q1 24 | 0.26× | 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 | $8.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-16.8M | $23.2M |
| 自由现金流率自由现金流/营收 | -16.5% | 29.6% |
| 资本支出强度资本支出/营收 | 24.5% | 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 | $11.9M | $90.7M |
8季度趋势，按日历期对齐
经营现金流HNRGRPAY
| Q4 25 | $8.2M | $23.3M | ||
| Q3 25 | $23.2M | $32.2M | ||
| Q2 25 | $11.4M | $33.1M | ||
| Q1 25 | $38.4M | $2.5M | ||
| Q4 24 | $38.9M | $34.3M | ||
| Q3 24 | $-12.9M | $60.1M | ||
| Q2 24 | $23.5M | $31.0M | ||
| Q1 24 | $16.4M | $24.8M |
自由现金流HNRGRPAY
| Q4 25 | $-16.8M | $23.2M | ||
| Q3 25 | $3.7M | $32.1M | ||
| Q2 25 | $-1.7M | $33.0M | ||
| Q1 25 | $26.7M | $2.4M | ||
| Q4 24 | $25.2M | $34.0M | ||
| Q3 24 | $-24.5M | $59.8M | ||
| Q2 24 | $10.4M | $30.5M | ||
| Q1 24 | $1.5M | $24.7M |
自由现金流率HNRGRPAY
| Q4 25 | -16.5% | 29.6% | ||
| Q3 25 | 2.5% | 41.3% | ||
| Q2 25 | -1.6% | 43.6% | ||
| Q1 25 | 22.7% | 3.0% | ||
| Q4 24 | 26.9% | 43.5% | ||
| Q3 24 | -23.3% | 75.6% | ||
| Q2 24 | 11.0% | 40.7% | ||
| Q1 24 | 1.3% | 30.6% |
资本支出强度HNRGRPAY
| Q4 25 | 24.5% | 0.1% | ||
| Q3 25 | 13.3% | 0.2% | ||
| Q2 25 | 12.7% | 0.1% | ||
| Q1 25 | 9.9% | 0.2% | ||
| Q4 24 | 14.7% | 0.3% | ||
| Q3 24 | 11.0% | 0.3% | ||
| Q2 24 | 14.0% | 0.6% | ||
| Q1 24 | 13.3% | 0.1% |
现金转化率HNRGRPAY
| Q4 25 | — | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 3.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.31× | 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
HNRG
| Delivered Energy | $58.6M | 57% |
| Coal Sales | $29.1M | 29% |
| Coal Operations | $14.4M | 14% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
