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Immunocore Holdings plc（IMCR）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
Immunocore Holdings plc的季度营收约是Repay Holdings Corp的1.3倍（$104.5M vs $78.6M），Immunocore Holdings plc同比增速更快（24.3% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-35.5M），过去两年Immunocore Holdings plc的营收复合增速更高（21.7% vs -1.3%）
Immunocore是一家处于商业化阶段的全球生物技术企业，总部位于英国牛津郡，依托可溶性T细胞受体技术深耕生物药物的研发领域，其创新技术平台为肿瘤、感染性疾病、自身免疫性疾病等多领域的新药开发提供支撑。
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。
IMCR vs RPAY — 直观对比
营收规模更大
IMCR
是对方的1.3倍
$78.6M
营收增速更快
IMCR
高出23.9%
0.4%
自由现金流更多
RPAY
多$58.8M
$-35.5M
两年增速更快
IMCR
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $104.5M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 97.4% | 74.2% |
| 营业利润率 | -18.8% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 24.3% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $-0.61 | $-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IMCRRPAY
| Q4 25 | $104.5M | $78.6M | ||
| Q3 25 | $103.7M | $77.7M | ||
| Q2 25 | $98.0M | $75.6M | ||
| Q1 25 | $93.9M | $77.3M | ||
| Q4 24 | $84.1M | $78.3M | ||
| Q3 24 | $80.2M | $79.1M | ||
| Q2 24 | $75.4M | $74.9M | ||
| Q1 24 | $70.5M | $80.7M |
净利润IMCRRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-177.0K | $-6.4M | ||
| Q2 25 | $-10.3M | $-102.3M | ||
| Q1 25 | $5.0M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $8.7M | $3.2M | ||
| Q2 24 | $-11.6M | $-4.1M | ||
| Q1 24 | $-24.4M | $-5.2M |
毛利率IMCRRPAY
| Q4 25 | 97.4% | 74.2% | ||
| Q3 25 | 99.5% | 74.4% | ||
| Q2 25 | 98.9% | 75.7% | ||
| Q1 25 | 99.1% | 75.9% | ||
| Q4 24 | 99.6% | 76.3% | ||
| Q3 24 | 99.4% | 77.8% | ||
| Q2 24 | 97.7% | 78.2% | ||
| Q1 24 | 99.7% | 76.2% |
营业利润率IMCRRPAY
| Q4 25 | -18.8% | -182.2% | ||
| Q3 25 | -6.9% | -3.9% | ||
| Q2 25 | -15.2% | -138.7% | ||
| Q1 25 | -3.9% | -4.7% | ||
| Q4 24 | -23.1% | -1.5% | ||
| Q3 24 | -10.6% | -0.9% | ||
| Q2 24 | -21.2% | -4.6% | ||
| Q1 24 | -37.6% | -3.1% |
净利率IMCRRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -0.2% | -8.3% | ||
| Q2 25 | -10.5% | -135.2% | ||
| Q1 25 | 5.4% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 10.9% | 4.1% | ||
| Q2 24 | -15.4% | -5.4% | ||
| Q1 24 | -34.7% | -6.5% |
每股收益（稀释后）IMCRRPAY
| Q4 25 | $-0.61 | $-1.68 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $-0.20 | $-1.15 | ||
| Q1 25 | $0.10 | $-0.09 | ||
| Q4 24 | $-0.47 | $-0.04 | ||
| Q3 24 | $0.17 | $0.03 | ||
| Q2 24 | $-0.23 | $-0.04 | ||
| Q1 24 | $-0.49 | $-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 | $864.2M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $381.0M | $484.4M |
| 总资产 | $1.1B | $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IMCRRPAY
| Q4 25 | $864.2M | $115.7M | ||
| Q3 25 | $892.4M | $95.7M | ||
| Q2 25 | $882.8M | $162.6M | ||
| Q1 25 | $837.0M | $165.5M | ||
| Q4 24 | $820.4M | $189.5M | ||
| Q3 24 | $901.3M | $168.7M | ||
| Q2 24 | $859.6M | $147.1M | ||
| Q1 24 | $832.8M | $128.3M |
总债务IMCRRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | $438.7M | $496.2M | ||
| Q2 24 | $452.5M | $435.6M | ||
| Q1 24 | $452.5M | $434.9M |
股东权益IMCRRPAY
| Q4 25 | $381.0M | $484.4M | ||
| Q3 25 | $396.6M | $616.9M | ||
| Q2 25 | $388.5M | $633.7M | ||
| Q1 25 | $378.5M | $755.7M | ||
| Q4 24 | $360.7M | $761.3M | ||
| Q3 24 | $377.8M | $754.7M | ||
| Q2 24 | $359.1M | $815.4M | ||
| Q1 24 | $359.5M | $813.8M |
总资产IMCRRPAY
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $994.0M | $1.5B |
负债/权益比IMCRRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 1.16× | 0.66× | ||
| Q2 24 | 1.26× | 0.53× | ||
| Q1 24 | 1.26× | 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 | $-32.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-35.5M | $23.2M |
| 自由现金流率自由现金流/营收 | -34.0% | 29.6% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $-15.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流IMCRRPAY
| Q4 25 | $-32.7M | $23.3M | ||
| Q3 25 | $-4.5M | $32.2M | ||
| Q2 25 | $26.0M | $33.1M | ||
| Q1 25 | $435.0K | $2.5M | ||
| Q4 24 | $-14.0M | $34.3M | ||
| Q3 24 | $21.1M | $60.1M | ||
| Q2 24 | $23.5M | $31.0M | ||
| Q1 24 | $-4.6M | $24.8M |
自由现金流IMCRRPAY
| Q4 25 | $-35.5M | $23.2M | ||
| Q3 25 | $-5.2M | $32.1M | ||
| Q2 25 | $25.6M | $33.0M | ||
| Q1 25 | $137.0K | $2.4M | ||
| Q4 24 | $-17.5M | $34.0M | ||
| Q3 24 | $20.3M | $59.8M | ||
| Q2 24 | $23.1M | $30.5M | ||
| Q1 24 | $-5.0M | $24.7M |
自由现金流率IMCRRPAY
| Q4 25 | -34.0% | 29.6% | ||
| Q3 25 | -5.0% | 41.3% | ||
| Q2 25 | 26.1% | 43.6% | ||
| Q1 25 | 0.1% | 3.0% | ||
| Q4 24 | -20.9% | 43.5% | ||
| Q3 24 | 25.3% | 75.6% | ||
| Q2 24 | 30.7% | 40.7% | ||
| Q1 24 | -7.1% | 30.6% |
资本支出强度IMCRRPAY
| Q4 25 | 2.8% | 0.1% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 4.3% | 0.3% | ||
| Q3 24 | 1.0% | 0.3% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.6% | 0.1% |
现金转化率IMCRRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.42× | 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
IMCR
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% |
