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Kennedy-Wilson Holdings, Inc.（KW）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
Kennedy-Wilson Holdings, Inc.的季度营收约是Repay Holdings Corp的1.5倍（$120.6M vs $78.6M），Kennedy-Wilson Holdings, Inc.净利率更高（48.1% vs -178.3%，领先226.4%），Repay Holdings Corp同比增速更快（0.4% vs -11.0%），Repay Holdings Corp自由现金流更多（$23.2M vs $-55.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -6.0%）
肯尼迪-威尔逊控股是一家房地产投资企业，公司总部位于美国加利福尼亚州比弗利山庄，业务覆盖全球多地房地产领域的投资与运营相关业务。
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。
KW vs RPAY — 直观对比
营收规模更大
KW
是对方的1.5倍
$78.6M
营收增速更快
RPAY
高出11.4%
-11.0%
净利率更高
KW
高出226.4%
-178.3%
自由现金流更多
RPAY
多$78.4M
$-55.2M
两年增速更快
RPAY
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.6M | $78.6M |
| 净利润 | $58.0M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 57.3% | -182.2% |
| 净利率 | 48.1% | -178.3% |
| 营收同比 | -11.0% | 0.4% |
| 净利润同比 | 32.7% | -3304.1% |
| 每股收益（稀释后） | $0.22 | $-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KWRPAY
| Q4 25 | $120.6M | $78.6M | ||
| Q3 25 | $116.4M | $77.7M | ||
| Q2 25 | $135.7M | $75.6M | ||
| Q1 25 | $128.3M | $77.3M | ||
| Q4 24 | $135.5M | $78.3M | ||
| Q3 24 | $127.5M | $79.1M | ||
| Q2 24 | $132.0M | $74.9M | ||
| Q1 24 | $136.4M | $80.7M |
净利润KWRPAY
| Q4 25 | $58.0M | $-140.1M | ||
| Q3 25 | $-10.2M | $-6.4M | ||
| Q2 25 | $5.6M | $-102.3M | ||
| Q1 25 | $-29.6M | $-7.9M | ||
| Q4 24 | $43.7M | $-4.1M | ||
| Q3 24 | $-66.8M | $3.2M | ||
| Q2 24 | $-48.3M | $-4.1M | ||
| Q1 24 | $37.7M | $-5.2M |
毛利率KWRPAY
| 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KWRPAY
| Q4 25 | 57.3% | -182.2% | ||
| Q3 25 | -6.2% | -3.9% | ||
| Q2 25 | 7.4% | -138.7% | ||
| Q1 25 | -26.9% | -4.7% | ||
| Q4 24 | 36.7% | -1.5% | ||
| Q3 24 | -60.8% | -0.9% | ||
| Q2 24 | -45.5% | -4.6% | ||
| Q1 24 | 47.2% | -3.1% |
净利率KWRPAY
| Q4 25 | 48.1% | -178.3% | ||
| Q3 25 | -8.8% | -8.3% | ||
| Q2 25 | 4.1% | -135.2% | ||
| Q1 25 | -23.1% | -10.3% | ||
| Q4 24 | 32.3% | -5.3% | ||
| Q3 24 | -52.4% | 4.1% | ||
| Q2 24 | -36.6% | -5.4% | ||
| Q1 24 | 27.6% | -6.5% |
每股收益（稀释后）KWRPAY
| Q4 25 | $0.22 | $-1.68 | ||
| Q3 25 | $-0.15 | $-0.08 | ||
| Q2 25 | $-0.05 | $-1.15 | ||
| Q1 25 | $-0.30 | $-0.09 | ||
| Q4 24 | $0.24 | $-0.04 | ||
| Q3 24 | $-0.56 | $0.03 | ||
| Q2 24 | $-0.43 | $-0.04 | ||
| Q1 24 | $0.19 | $-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 | $184.5M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $1.5B | $484.4M |
| 总资产 | $6.6B | $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KWRPAY
| Q4 25 | $184.5M | $115.7M | ||
| Q3 25 | $382.6M | $95.7M | ||
| Q2 25 | $309.1M | $162.6M | ||
| Q1 25 | $356.6M | $165.5M | ||
| Q4 24 | $217.5M | $189.5M | ||
| Q3 24 | $367.1M | $168.7M | ||
| Q2 24 | $366.5M | $147.1M | ||
| Q1 24 | $541.9M | $128.3M |
总债务KWRPAY
| 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KWRPAY
| Q4 25 | $1.5B | $484.4M | ||
| Q3 25 | $1.5B | $616.9M | ||
| Q2 25 | $1.6B | $633.7M | ||
| Q1 25 | $1.6B | $755.7M | ||
| Q4 24 | $1.6B | $761.3M | ||
| Q3 24 | $1.6B | $754.7M | ||
| Q2 24 | $1.7B | $815.4M | ||
| Q1 24 | $1.7B | $813.8M |
总资产KWRPAY
| Q4 25 | $6.6B | $1.2B | ||
| Q3 25 | $6.7B | $1.3B | ||
| Q2 25 | $6.8B | $1.4B | ||
| Q1 25 | $7.2B | $1.5B | ||
| Q4 24 | $7.0B | $1.6B | ||
| Q3 24 | $7.4B | $1.6B | ||
| Q2 24 | $7.5B | $1.5B | ||
| Q1 24 | $7.7B | $1.5B |
负债/权益比KWRPAY
| 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 | $11.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -45.8% | 29.6% |
| 资本支出强度资本支出/营收 | 55.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.20× | — |
| 过去12个月自由现金流最近4个季度 | $-103.5M | $90.7M |
8季度趋势，按日历期对齐
经营现金流KWRPAY
| Q4 25 | $11.4M | $23.3M | ||
| Q3 25 | $-7.6M | $32.2M | ||
| Q2 25 | $42.0M | $33.1M | ||
| Q1 25 | $-51.9M | $2.5M | ||
| Q4 24 | $55.1M | $34.3M | ||
| Q3 24 | $-5.6M | $60.1M | ||
| Q2 24 | $36.7M | $31.0M | ||
| Q1 24 | $-5.6M | $24.8M |
自由现金流KWRPAY
| Q4 25 | $-55.2M | $23.2M | ||
| Q3 25 | $-18.0M | $32.1M | ||
| Q2 25 | $29.4M | $33.0M | ||
| Q1 25 | $-59.7M | $2.4M | ||
| Q4 24 | $-76.5M | $34.0M | ||
| Q3 24 | $-27.7M | $59.8M | ||
| Q2 24 | $-500.0K | $30.5M | ||
| Q1 24 | $-57.1M | $24.7M |
自由现金流率KWRPAY
| Q4 25 | -45.8% | 29.6% | ||
| Q3 25 | -15.5% | 41.3% | ||
| Q2 25 | 21.7% | 43.6% | ||
| Q1 25 | -46.5% | 3.0% | ||
| Q4 24 | -56.5% | 43.5% | ||
| Q3 24 | -21.7% | 75.6% | ||
| Q2 24 | -0.4% | 40.7% | ||
| Q1 24 | -41.9% | 30.6% |
资本支出强度KWRPAY
| Q4 25 | 55.2% | 0.1% | ||
| Q3 25 | 8.9% | 0.2% | ||
| Q2 25 | 9.3% | 0.1% | ||
| Q1 25 | 6.1% | 0.2% | ||
| Q4 24 | 97.1% | 0.3% | ||
| Q3 24 | 17.3% | 0.3% | ||
| Q2 24 | 28.2% | 0.6% | ||
| Q1 24 | 37.8% | 0.1% |
现金转化率KWRPAY
| Q4 25 | 0.20× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.15× | — |
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
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
