vs
INDEPENDENT BANK CORP（IBCP）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INDEPENDENT BANK CORP的1.3倍（$78.6M vs $58.9M），INDEPENDENT BANK CORP净利率更高（28.6% vs -178.3%，领先206.9%），过去两年INDEPENDENT BANK CORP的营收复合增速更高（2.1% vs -1.3%）
独立银行公司（密歇根州）是一家总部位于密歇根州大急流城的银行机构，目前共开设62家营业网点，所有网点均布局于密歇根州境内，主要为当地市场提供各类银行金融服务。
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。
IBCP vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.3倍
$58.9M
净利率更高
IBCP
高出206.9%
-178.3%
两年增速更快
IBCP
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.9M | $78.6M |
| 净利润 | $16.9M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 28.6% | -178.3% |
| 营收同比 | — | 0.4% |
| 净利润同比 | 8.2% | -3304.1% |
| 每股收益（稀释后） | $0.81 | $-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IBCPRPAY
| Q1 26 | $58.9M | — | ||
| Q4 25 | $58.3M | $78.6M | ||
| Q3 25 | $57.3M | $77.7M | ||
| Q2 25 | $55.9M | $75.6M | ||
| Q1 25 | $54.1M | $77.3M | ||
| Q4 24 | $62.0M | $78.3M | ||
| Q3 24 | $51.4M | $79.1M | ||
| Q2 24 | $56.5M | $74.9M |
净利润IBCPRPAY
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $-140.1M | ||
| Q3 25 | $17.5M | $-6.4M | ||
| Q2 25 | $16.9M | $-102.3M | ||
| Q1 25 | $15.6M | $-7.9M | ||
| Q4 24 | $18.5M | $-4.1M | ||
| Q3 24 | $13.8M | $3.2M | ||
| Q2 24 | $18.5M | $-4.1M |
毛利率IBCPRPAY
| Q1 26 | — | — | ||
| 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% |
营业利润率IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | -182.2% | ||
| Q3 25 | 37.0% | -3.9% | ||
| Q2 25 | 37.0% | -138.7% | ||
| Q1 25 | 35.3% | -4.7% | ||
| Q4 24 | 36.7% | -1.5% | ||
| Q3 24 | 33.7% | -0.9% | ||
| Q2 24 | 41.0% | -4.6% |
净利率IBCPRPAY
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | -178.3% | ||
| Q3 25 | 30.5% | -8.3% | ||
| Q2 25 | 30.2% | -135.2% | ||
| Q1 25 | 28.8% | -10.3% | ||
| Q4 24 | 29.8% | -5.3% | ||
| Q3 24 | 26.9% | 4.1% | ||
| Q2 24 | 32.8% | -5.4% |
每股收益（稀释后）IBCPRPAY
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $-1.68 | ||
| Q3 25 | $0.84 | $-0.08 | ||
| Q2 25 | $0.81 | $-1.15 | ||
| Q1 25 | $0.74 | $-0.09 | ||
| Q4 24 | $0.87 | $-0.04 | ||
| Q3 24 | $0.65 | $0.03 | ||
| Q2 24 | $0.88 | $-0.04 |
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 | $174.9M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $510.6M | $484.4M |
| 总资产 | $5.6B | $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IBCPRPAY
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $115.7M | ||
| Q3 25 | $208.7M | $95.7M | ||
| Q2 25 | $146.2M | $162.6M | ||
| Q1 25 | $128.1M | $165.5M | ||
| Q4 24 | $119.9M | $189.5M | ||
| Q3 24 | $121.6M | $168.7M | ||
| Q2 24 | $214.3M | $147.1M |
总债务IBCPRPAY
| Q1 26 | — | — | ||
| 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 |
股东权益IBCPRPAY
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $484.4M | ||
| Q3 25 | $490.7M | $616.9M | ||
| Q2 25 | $469.3M | $633.7M | ||
| Q1 25 | $467.3M | $755.7M | ||
| Q4 24 | $454.7M | $761.3M | ||
| Q3 24 | $452.4M | $754.7M | ||
| Q2 24 | $430.5M | $815.4M |
总资产IBCPRPAY
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $1.2B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.4B | $1.4B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.3B | $1.6B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.3B | $1.5B |
负债/权益比IBCPRPAY
| Q1 26 | — | — | ||
| 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× |
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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | — | 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $23.3M | ||
| Q3 25 | $18.2M | $32.2M | ||
| Q2 25 | $19.0M | $33.1M | ||
| Q1 25 | $31.7M | $2.5M | ||
| Q4 24 | $63.2M | $34.3M | ||
| Q3 24 | $17.2M | $60.1M | ||
| Q2 24 | $8.7M | $31.0M |
自由现金流IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $23.2M | ||
| Q3 25 | $16.5M | $32.1M | ||
| Q2 25 | $16.7M | $33.0M | ||
| Q1 25 | $30.6M | $2.4M | ||
| Q4 24 | $55.2M | $34.0M | ||
| Q3 24 | $15.7M | $59.8M | ||
| Q2 24 | $7.0M | $30.5M |
自由现金流率IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | 29.6% | ||
| Q3 25 | 28.9% | 41.3% | ||
| Q2 25 | 29.8% | 43.6% | ||
| Q1 25 | 56.5% | 3.0% | ||
| Q4 24 | 89.1% | 43.5% | ||
| Q3 24 | 30.6% | 75.6% | ||
| Q2 24 | 12.3% | 40.7% |
资本支出强度IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 0.1% | ||
| Q3 25 | 2.9% | 0.2% | ||
| Q2 25 | 4.1% | 0.1% | ||
| Q1 25 | 2.1% | 0.2% | ||
| Q4 24 | 12.8% | 0.3% | ||
| Q3 24 | 2.9% | 0.3% | ||
| Q2 24 | 3.1% | 0.6% |
现金转化率IBCPRPAY
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 1.25× | 18.52× | ||
| Q2 24 | 0.47× | — |
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
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
