vs
HARROW, INC.（HROW）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
HARROW, INC.的季度营收约是Repay Holdings Corp的1.1倍（$89.1M vs $78.6M），HARROW, INC.净利率更高（7.4% vs -178.3%，领先185.7%），HARROW, INC.同比增速更快（33.3% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $8.1M），过去两年HARROW, INC.的营收复合增速更高（60.5% vs -1.3%）
哈罗健康（前身为Imprimis制药）是一家上市制药企业，总部位于美国田纳西州纳什维尔，深耕制药领域相关业务，在医药研发、生产及商业化方面拥有成熟的运营体系，产品及服务覆盖多个医疗需求场景。
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。
HROW vs RPAY — 直观对比
营收规模更大
HROW
是对方的1.1倍
$78.6M
营收增速更快
HROW
高出32.9%
0.4%
净利率更高
HROW
高出185.7%
-178.3%
自由现金流更多
RPAY
多$15.2M
$8.1M
两年增速更快
HROW
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $89.1M | $78.6M |
| 净利润 | $6.6M | $-140.1M |
| 毛利率 | 79.3% | 74.2% |
| 营业利润率 | 17.5% | -182.2% |
| 净利率 | 7.4% | -178.3% |
| 营收同比 | 33.3% | 0.4% |
| 净利润同比 | -2.2% | -3304.1% |
| 每股收益（稀释后） | $0.20 | $-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HROWRPAY
| Q4 25 | $89.1M | $78.6M | ||
| Q3 25 | $71.6M | $77.7M | ||
| Q2 25 | $63.7M | $75.6M | ||
| Q1 25 | $47.8M | $77.3M | ||
| Q4 24 | $66.8M | $78.3M | ||
| Q3 24 | $49.3M | $79.1M | ||
| Q2 24 | $48.9M | $74.9M | ||
| Q1 24 | $34.6M | $80.7M |
净利润HROWRPAY
| Q4 25 | $6.6M | $-140.1M | ||
| Q3 25 | $1.0M | $-6.4M | ||
| Q2 25 | $5.0M | $-102.3M | ||
| Q1 25 | $-17.8M | $-7.9M | ||
| Q4 24 | $6.8M | $-4.1M | ||
| Q3 24 | $-4.2M | $3.2M | ||
| Q2 24 | $-6.5M | $-4.1M | ||
| Q1 24 | $-13.6M | $-5.2M |
毛利率HROWRPAY
| Q4 25 | 79.3% | 74.2% | ||
| Q3 25 | 75.3% | 74.4% | ||
| Q2 25 | 74.5% | 75.7% | ||
| Q1 25 | 67.5% | 75.9% | ||
| Q4 24 | 78.8% | 76.3% | ||
| Q3 24 | 75.6% | 77.8% | ||
| Q2 24 | 74.4% | 78.2% | ||
| Q1 24 | 69.5% | 76.2% |
营业利润率HROWRPAY
| Q4 25 | 17.5% | -182.2% | ||
| Q3 25 | 20.6% | -3.9% | ||
| Q2 25 | 17.9% | -138.7% | ||
| Q1 25 | -23.5% | -4.7% | ||
| Q4 24 | 19.3% | -1.5% | ||
| Q3 24 | 2.7% | -0.9% | ||
| Q2 24 | 3.1% | -4.6% | ||
| Q1 24 | -20.0% | -3.1% |
净利率HROWRPAY
| Q4 25 | 7.4% | -178.3% | ||
| Q3 25 | 1.4% | -8.3% | ||
| Q2 25 | 7.8% | -135.2% | ||
| Q1 25 | -37.2% | -10.3% | ||
| Q4 24 | 10.1% | -5.3% | ||
| Q3 24 | -8.6% | 4.1% | ||
| Q2 24 | -13.2% | -5.4% | ||
| Q1 24 | -39.2% | -6.5% |
每股收益（稀释后）HROWRPAY
| Q4 25 | $0.20 | $-1.68 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $0.13 | $-1.15 | ||
| Q1 25 | $-0.50 | $-0.09 | ||
| Q4 24 | $0.19 | $-0.04 | ||
| Q3 24 | $-0.12 | $0.03 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | $-0.38 | $-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 | $72.9M | $115.7M |
| 总债务越低越好 | $250.0M | $280.1M |
| 股东权益账面价值 | $52.4M | $484.4M |
| 总资产 | $399.5M | $1.2B |
| 负债/权益比越低杠杆越低 | 4.77× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资HROWRPAY
| Q4 25 | $72.9M | $115.7M | ||
| Q3 25 | $74.3M | $95.7M | ||
| Q2 25 | $53.0M | $162.6M | ||
| Q1 25 | $66.7M | $165.5M | ||
| Q4 24 | $47.2M | $189.5M | ||
| Q3 24 | $72.6M | $168.7M | ||
| Q2 24 | $71.0M | $147.1M | ||
| Q1 24 | $76.0M | $128.3M |
总债务HROWRPAY
| Q4 25 | $250.0M | $280.1M | ||
| Q3 25 | $347.2M | $279.5M | ||
| Q2 25 | $250.6M | $279.0M | ||
| Q1 25 | $256.9M | $497.6M | ||
| Q4 24 | $262.7M | $496.8M | ||
| Q3 24 | $230.7M | $496.2M | ||
| Q2 24 | $236.3M | $435.6M | ||
| Q1 24 | $243.4M | $434.9M |
股东权益HROWRPAY
| Q4 25 | $52.4M | $484.4M | ||
| Q3 25 | $47.0M | $616.9M | ||
| Q2 25 | $49.7M | $633.7M | ||
| Q1 25 | $56.5M | $755.7M | ||
| Q4 24 | $69.7M | $761.3M | ||
| Q3 24 | $58.0M | $754.7M | ||
| Q2 24 | $58.5M | $815.4M | ||
| Q1 24 | $60.6M | $813.8M |
总资产HROWRPAY
| Q4 25 | $399.5M | $1.2B | ||
| Q3 25 | $363.1M | $1.3B | ||
| Q2 25 | $345.0M | $1.4B | ||
| Q1 25 | $364.2M | $1.5B | ||
| Q4 24 | $389.0M | $1.6B | ||
| Q3 24 | $351.5M | $1.6B | ||
| Q2 24 | $306.6M | $1.5B | ||
| Q1 24 | $295.5M | $1.5B |
负债/权益比HROWRPAY
| Q4 25 | 4.77× | 0.58× | ||
| Q3 25 | 7.39× | 0.45× | ||
| Q2 25 | 5.05× | 0.44× | ||
| Q1 25 | 4.55× | 0.66× | ||
| Q4 24 | 3.77× | 0.65× | ||
| Q3 24 | 3.98× | 0.66× | ||
| Q2 24 | 4.04× | 0.53× | ||
| Q1 24 | 4.02× | 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 | $8.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $8.1M | $23.2M |
| 自由现金流率自由现金流/营收 | 9.1% | 29.6% |
| 资本支出强度资本支出/营收 | 0.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.27× | — |
| 过去12个月自由现金流最近4个季度 | $43.0M | $90.7M |
8季度趋势，按日历期对齐
经营现金流HROWRPAY
| Q4 25 | $8.4M | $23.3M | ||
| Q3 25 | $16.6M | $32.2M | ||
| Q2 25 | $-803.0K | $33.1M | ||
| Q1 25 | $19.7M | $2.5M | ||
| Q4 24 | $-17.8M | $34.3M | ||
| Q3 24 | $3.0M | $60.1M | ||
| Q2 24 | $-2.7M | $31.0M | ||
| Q1 24 | $-4.6M | $24.8M |
自由现金流HROWRPAY
| Q4 25 | $8.1M | $23.2M | ||
| Q3 25 | $16.4M | $32.1M | ||
| Q2 25 | $-969.0K | $33.0M | ||
| Q1 25 | $19.5M | $2.4M | ||
| Q4 24 | $-18.3M | $34.0M | ||
| Q3 24 | $2.3M | $59.8M | ||
| Q2 24 | $-3.1M | $30.5M | ||
| Q1 24 | $-4.7M | $24.7M |
自由现金流率HROWRPAY
| Q4 25 | 9.1% | 29.6% | ||
| Q3 25 | 22.9% | 41.3% | ||
| Q2 25 | -1.5% | 43.6% | ||
| Q1 25 | 40.8% | 3.0% | ||
| Q4 24 | -27.4% | 43.5% | ||
| Q3 24 | 4.8% | 75.6% | ||
| Q2 24 | -6.3% | 40.7% | ||
| Q1 24 | -13.6% | 30.6% |
资本支出强度HROWRPAY
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.8% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 0.3% | 0.1% |
现金转化率HROWRPAY
| Q4 25 | 1.27× | — | ||
| Q3 25 | 16.26× | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2.62× | — | ||
| 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
HROW
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% |
