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香港置地（LAND）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的季度营收约是香港置地的1.9倍（$78.6M vs $41.5M），香港置地净利率更高（10.2% vs -178.3%，领先188.5%），香港置地同比增速更快（96.5% vs 0.4%），过去两年香港置地的营收复合增速更高（43.1% vs -1.3%）
香港置地是一家专注于房地产投资、管理及开发的集团，在亚洲各地布局商业与住宅地产业务。目前集团在亚洲持有并运营约85万平方米的写字楼及商业零售物业，核心布局中国香港与新加坡两地，其中香港中环的商业物业规模居当地首位，新加坡则主要通过合资持有约16.5万平方米的写字楼空间。
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。
LAND vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.9倍
$41.5M
营收增速更快
LAND
高出96.1%
0.4%
净利率更高
LAND
高出188.5%
-178.3%
两年增速更快
LAND
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.5M | $78.6M |
| 净利润 | $4.2M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 10.2% | -178.3% |
| 营收同比 | 96.5% | 0.4% |
| 净利润同比 | 680.0% | -3304.1% |
| 每股收益（稀释后） | $-0.05 | $-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LANDRPAY
| Q4 25 | $41.5M | $78.6M | ||
| Q3 25 | $17.8M | $77.7M | ||
| Q2 25 | $12.3M | $75.6M | ||
| Q1 25 | $16.8M | $77.3M | ||
| Q4 24 | $21.1M | $78.3M | ||
| Q3 24 | $22.6M | $79.1M | ||
| Q2 24 | $21.3M | $74.9M | ||
| Q1 24 | $20.3M | $80.7M |
净利润LANDRPAY
| Q4 25 | $4.2M | $-140.1M | ||
| Q3 25 | $2.1M | $-6.4M | ||
| Q2 25 | $-7.9M | $-102.3M | ||
| Q1 25 | $15.1M | $-7.9M | ||
| Q4 24 | $540.0K | $-4.1M | ||
| Q3 24 | $6.0K | $3.2M | ||
| Q2 24 | $-823.0K | $-4.1M | ||
| Q1 24 | $13.6M | $-5.2M |
毛利率LANDRPAY
| 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LANDRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -3.1% |
净利率LANDRPAY
| Q4 25 | 10.2% | -178.3% | ||
| Q3 25 | 11.7% | -8.3% | ||
| Q2 25 | -64.1% | -135.2% | ||
| Q1 25 | 89.9% | -10.3% | ||
| Q4 24 | 2.6% | -5.3% | ||
| Q3 24 | 0.0% | 4.1% | ||
| Q2 24 | -3.9% | -5.4% | ||
| Q1 24 | 67.0% | -6.5% |
每股收益（稀释后）LANDRPAY
| Q4 25 | $-0.05 | $-1.68 | ||
| Q3 25 | $-0.11 | $-0.08 | ||
| Q2 25 | $-0.38 | $-1.15 | ||
| Q1 25 | $0.25 | $-0.09 | ||
| Q4 24 | $-0.15 | $-0.04 | ||
| Q3 24 | $-0.16 | $0.03 | ||
| Q2 24 | $-0.19 | $-0.04 | ||
| Q1 24 | $0.21 | $-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 | $27.2M | $115.7M |
| 总债务越低越好 | $473.6M | $280.1M |
| 股东权益账面价值 | $670.3M | $484.4M |
| 总资产 | $1.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资LANDRPAY
| Q4 25 | $27.2M | $115.7M | ||
| Q3 25 | $11.3M | $95.7M | ||
| Q2 25 | $30.5M | $162.6M | ||
| Q1 25 | $42.9M | $165.5M | ||
| Q4 24 | $18.3M | $189.5M | ||
| Q3 24 | $13.2M | $168.7M | ||
| Q2 24 | $49.8M | $147.1M | ||
| Q1 24 | $51.6M | $128.3M |
总债务LANDRPAY
| Q4 25 | $473.6M | $280.1M | ||
| Q3 25 | $480.4M | $279.5M | ||
| Q2 25 | $496.4M | $279.0M | ||
| Q1 25 | $498.8M | $497.6M | ||
| Q4 24 | $527.5M | $496.8M | ||
| Q3 24 | $530.7M | $496.2M | ||
| Q2 24 | $549.4M | $435.6M | ||
| Q1 24 | $552.2M | $434.9M |
股东权益LANDRPAY
| Q4 25 | $670.3M | $484.4M | ||
| Q3 25 | $661.8M | $616.9M | ||
| Q2 25 | $670.1M | $633.7M | ||
| Q1 25 | $689.9M | $755.7M | ||
| Q4 24 | $687.2M | $761.3M | ||
| Q3 24 | $691.2M | $754.7M | ||
| Q2 24 | $708.5M | $815.4M | ||
| Q1 24 | $723.3M | $813.8M |
总资产LANDRPAY
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
负债/权益比LANDRPAY
| Q4 25 | 0.71× | 0.58× | ||
| Q3 25 | 0.73× | 0.45× | ||
| Q2 25 | 0.74× | 0.44× | ||
| Q1 25 | 0.72× | 0.66× | ||
| Q4 24 | 0.77× | 0.65× | ||
| Q3 24 | 0.77× | 0.66× | ||
| Q2 24 | 0.78× | 0.53× | ||
| Q1 24 | 0.76× | 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 | $7.0M | $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 | 1.66× | — |
| 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LANDRPAY
| Q4 25 | $7.0M | $23.3M | ||
| Q3 25 | $-12.0M | $32.2M | ||
| Q2 25 | $3.9M | $33.1M | ||
| Q1 25 | $4.5M | $2.5M | ||
| Q4 24 | $29.5M | $34.3M | ||
| Q3 24 | $-1.4M | $60.1M | ||
| Q2 24 | $15.9M | $31.0M | ||
| Q1 24 | $3.4M | $24.8M |
自由现金流LANDRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率LANDRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度LANDRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率LANDRPAY
| Q4 25 | 1.66× | — | ||
| Q3 25 | -5.77× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 54.72× | — | ||
| Q3 24 | -227.83× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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
LAND
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% |
