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NLIGHT, INC.（LASR）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
NLIGHT, INC.的季度营收约是Repay Holdings Corp的1.0倍（$81.2M vs $78.6M），NLIGHT, INC.净利率更高（-6.0% vs -178.3%，领先172.2%），NLIGHT, INC.同比增速更快（71.3% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $15.9M），过去两年NLIGHT, INC.的营收复合增速更高（35.0% vs -1.3%）
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
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。
LASR vs RPAY — 直观对比
营收规模更大
LASR
是对方的1.0倍
$78.6M
营收增速更快
LASR
高出70.9%
0.4%
净利率更高
LASR
高出172.2%
-178.3%
自由现金流更多
RPAY
多$7.3M
$15.9M
两年增速更快
LASR
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $78.6M |
| 净利润 | $-4.9M | $-140.1M |
| 毛利率 | 30.7% | 74.2% |
| 营业利润率 | -6.7% | -182.2% |
| 净利率 | -6.0% | -178.3% |
| 营收同比 | 71.3% | 0.4% |
| 净利润同比 | 80.3% | -3304.1% |
| 每股收益（稀释后） | $-0.10 | $-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LASRRPAY
| Q4 25 | $81.2M | $78.6M | ||
| Q3 25 | $66.7M | $77.7M | ||
| Q2 25 | $61.7M | $75.6M | ||
| Q1 25 | $51.7M | $77.3M | ||
| Q4 24 | $47.4M | $78.3M | ||
| Q3 24 | $56.1M | $79.1M | ||
| Q2 24 | $50.5M | $74.9M | ||
| Q1 24 | $44.5M | $80.7M |
净利润LASRRPAY
| Q4 25 | $-4.9M | $-140.1M | ||
| Q3 25 | $-6.9M | $-6.4M | ||
| Q2 25 | $-3.6M | $-102.3M | ||
| Q1 25 | $-8.1M | $-7.9M | ||
| Q4 24 | $-25.0M | $-4.1M | ||
| Q3 24 | $-10.3M | $3.2M | ||
| Q2 24 | $-11.7M | $-4.1M | ||
| Q1 24 | $-13.8M | $-5.2M |
毛利率LASRRPAY
| Q4 25 | 30.7% | 74.2% | ||
| Q3 25 | 31.1% | 74.4% | ||
| Q2 25 | 29.9% | 75.7% | ||
| Q1 25 | 26.7% | 75.9% | ||
| Q4 24 | 2.4% | 76.3% | ||
| Q3 24 | 22.4% | 77.8% | ||
| Q2 24 | 23.5% | 78.2% | ||
| Q1 24 | 16.8% | 76.2% |
营业利润率LASRRPAY
| Q4 25 | -6.7% | -182.2% | ||
| Q3 25 | -10.9% | -3.9% | ||
| Q2 25 | -6.9% | -138.7% | ||
| Q1 25 | -18.6% | -4.7% | ||
| Q4 24 | -55.8% | -1.5% | ||
| Q3 24 | -21.0% | -0.9% | ||
| Q2 24 | -25.1% | -4.6% | ||
| Q1 24 | -33.1% | -3.1% |
净利率LASRRPAY
| Q4 25 | -6.0% | -178.3% | ||
| Q3 25 | -10.3% | -8.3% | ||
| Q2 25 | -5.8% | -135.2% | ||
| Q1 25 | -15.7% | -10.3% | ||
| Q4 24 | -52.7% | -5.3% | ||
| Q3 24 | -18.4% | 4.1% | ||
| Q2 24 | -23.2% | -5.4% | ||
| Q1 24 | -30.9% | -6.5% |
每股收益（稀释后）LASRRPAY
| Q4 25 | $-0.10 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $-0.52 | $-0.04 | ||
| Q3 24 | $-0.21 | $0.03 | ||
| Q2 24 | $-0.25 | $-0.04 | ||
| Q1 24 | $-0.29 | $-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 | $98.7M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $226.7M | $484.4M |
| 总资产 | $315.2M | $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LASRRPAY
| Q4 25 | $98.7M | $115.7M | ||
| Q3 25 | $81.1M | $95.7M | ||
| Q2 25 | $78.8M | $162.6M | ||
| Q1 25 | $82.2M | $165.5M | ||
| Q4 24 | $65.8M | $189.5M | ||
| Q3 24 | $41.5M | $168.7M | ||
| Q2 24 | $49.4M | $147.1M | ||
| Q1 24 | $61.3M | $128.3M |
总债务LASRRPAY
| 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LASRRPAY
| Q4 25 | $226.7M | $484.4M | ||
| Q3 25 | $218.5M | $616.9M | ||
| Q2 25 | $216.0M | $633.7M | ||
| Q1 25 | $212.8M | $755.7M | ||
| Q4 24 | $216.4M | $761.3M | ||
| Q3 24 | $235.3M | $754.7M | ||
| Q2 24 | $239.5M | $815.4M | ||
| Q1 24 | $244.4M | $813.8M |
总资产LASRRPAY
| Q4 25 | $315.2M | $1.2B | ||
| Q3 25 | $298.7M | $1.3B | ||
| Q2 25 | $295.3M | $1.4B | ||
| Q1 25 | $290.0M | $1.5B | ||
| Q4 24 | $270.2M | $1.6B | ||
| Q3 24 | $291.3M | $1.6B | ||
| Q2 24 | $294.3M | $1.5B | ||
| Q1 24 | $302.8M | $1.5B |
负债/权益比LASRRPAY
| 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 | $17.5M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $15.9M | $23.2M |
| 自由现金流率自由现金流/营收 | 19.6% | 29.6% |
| 资本支出强度资本支出/营收 | 2.0% | 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 | $12.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流LASRRPAY
| Q4 25 | $17.5M | $23.3M | ||
| Q3 25 | $5.2M | $32.2M | ||
| Q2 25 | $-1.4M | $33.1M | ||
| Q1 25 | $-20.0K | $2.5M | ||
| Q4 24 | $-3.9M | $34.3M | ||
| Q3 24 | $-5.6M | $60.1M | ||
| Q2 24 | $-4.2M | $31.0M | ||
| Q1 24 | $11.4M | $24.8M |
自由现金流LASRRPAY
| Q4 25 | $15.9M | $23.2M | ||
| Q3 25 | $2.4M | $32.1M | ||
| Q2 25 | $-3.8M | $33.0M | ||
| Q1 25 | $-2.3M | $2.4M | ||
| Q4 24 | $-6.5M | $34.0M | ||
| Q3 24 | $-7.2M | $59.8M | ||
| Q2 24 | $-6.4M | $30.5M | ||
| Q1 24 | $9.8M | $24.7M |
自由现金流率LASRRPAY
| Q4 25 | 19.6% | 29.6% | ||
| Q3 25 | 3.7% | 41.3% | ||
| Q2 25 | -6.1% | 43.6% | ||
| Q1 25 | -4.5% | 3.0% | ||
| Q4 24 | -13.7% | 43.5% | ||
| Q3 24 | -12.9% | 75.6% | ||
| Q2 24 | -12.6% | 40.7% | ||
| Q1 24 | 22.1% | 30.6% |
资本支出强度LASRRPAY
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 4.2% | 0.2% | ||
| Q2 25 | 3.9% | 0.1% | ||
| Q1 25 | 4.4% | 0.2% | ||
| Q4 24 | 5.5% | 0.3% | ||
| Q3 24 | 2.9% | 0.3% | ||
| Q2 24 | 4.2% | 0.6% | ||
| Q1 24 | 3.5% | 0.1% |
现金转化率LASRRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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
LASR
| Aerospaceand Defense | $56.3M | 69% |
| Microfabrication | $14.2M | 18% |
| Industrial | $10.7M | 13% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
