vs
莱夫 Nation 娱乐（LIVE）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
莱夫 Nation 娱乐的季度营收约是Repay Holdings Corp的1.4倍（$108.5M vs $78.6M），莱夫 Nation 娱乐净利率更高（-0.1% vs -178.3%，领先178.2%），Repay Holdings Corp同比增速更快（0.4% vs -2.7%），Repay Holdings Corp自由现金流更多（$23.2M vs $8.5M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -4.3%）
Live Nation Entertainment是一家美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并而成。目前两大品牌均作为子品牌运营，在全球范围内推广现场娱乐活动并提供票务销售服务，同时还自营多处娱乐场馆，并为音乐人提供艺人经纪服务。
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。
LIVE vs RPAY — 直观对比
营收规模更大
LIVE
是对方的1.4倍
$78.6M
营收增速更快
RPAY
高出3.1%
-2.7%
净利率更高
LIVE
高出178.2%
-178.3%
自由现金流更多
RPAY
多$14.7M
$8.5M
两年增速更快
RPAY
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $108.5M | $78.6M |
| 净利润 | $-64.0K | $-140.1M |
| 毛利率 | 32.6% | 74.2% |
| 营业利润率 | 3.2% | -182.2% |
| 净利率 | -0.1% | -178.3% |
| 营收同比 | -2.7% | 0.4% |
| 净利润同比 | -113.0% | -3304.1% |
| 每股收益（稀释后） | $-0.02 | $-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LIVERPAY
| Q4 25 | $108.5M | $78.6M | ||
| Q3 25 | $113.9M | $77.7M | ||
| Q2 25 | $112.5M | $75.6M | ||
| Q1 25 | $107.0M | $77.3M | ||
| Q4 24 | $111.5M | $78.3M | ||
| Q3 24 | $112.7M | $79.1M | ||
| Q2 24 | $123.9M | $74.9M | ||
| Q1 24 | $118.6M | $80.7M |
净利润LIVERPAY
| Q4 25 | $-64.0K | $-140.1M | ||
| Q3 25 | $997.0K | $-6.4M | ||
| Q2 25 | $5.4M | $-102.3M | ||
| Q1 25 | $15.9M | $-7.9M | ||
| Q4 24 | $492.0K | $-4.1M | ||
| Q3 24 | $-19.9M | $3.2M | ||
| Q2 24 | $-2.9M | $-4.1M | ||
| Q1 24 | $-3.3M | $-5.2M |
毛利率LIVERPAY
| Q4 25 | 32.6% | 74.2% | ||
| Q3 25 | 32.4% | 74.4% | ||
| Q2 25 | 34.0% | 75.7% | ||
| Q1 25 | 32.8% | 75.9% | ||
| Q4 24 | 31.7% | 76.3% | ||
| Q3 24 | 31.9% | 77.8% | ||
| Q2 24 | 29.9% | 78.2% | ||
| Q1 24 | 29.9% | 76.2% |
营业利润率LIVERPAY
| Q4 25 | 3.2% | -182.2% | ||
| Q3 25 | 3.3% | -3.9% | ||
| Q2 25 | 7.1% | -138.7% | ||
| Q1 25 | 2.0% | -4.7% | ||
| Q4 24 | 0.7% | -1.5% | ||
| Q3 24 | -15.5% | -0.9% | ||
| Q2 24 | 0.9% | -4.6% | ||
| Q1 24 | -0.7% | -3.1% |
净利率LIVERPAY
| Q4 25 | -0.1% | -178.3% | ||
| Q3 25 | 0.9% | -8.3% | ||
| Q2 25 | 4.8% | -135.2% | ||
| Q1 25 | 14.8% | -10.3% | ||
| Q4 24 | 0.4% | -5.3% | ||
| Q3 24 | -17.6% | 4.1% | ||
| Q2 24 | -2.3% | -5.4% | ||
| Q1 24 | -2.8% | -6.5% |
每股收益（稀释后）LIVERPAY
| Q4 25 | $-0.02 | $-1.68 | ||
| Q3 25 | $-1.52 | $-0.08 | ||
| Q2 25 | $1.24 | $-1.15 | ||
| Q1 25 | $5.05 | $-0.09 | ||
| Q4 24 | $0.16 | $-0.04 | ||
| Q3 24 | $-6.31 | $0.03 | ||
| Q2 24 | $-0.91 | $-0.04 | ||
| Q1 24 | $-1.04 | $-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 | — | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $95.3M | $484.4M |
| 总资产 | $389.2M | $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LIVERPAY
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $95.7M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $128.3M |
总债务LIVERPAY
| 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LIVERPAY
| Q4 25 | $95.3M | $484.4M | ||
| Q3 25 | $95.3M | $616.9M | ||
| Q2 25 | $94.3M | $633.7M | ||
| Q1 25 | $88.9M | $755.7M | ||
| Q4 24 | $73.3M | $761.3M | ||
| Q3 24 | $72.9M | $754.7M | ||
| Q2 24 | $92.7M | $815.4M | ||
| Q1 24 | $95.9M | $813.8M |
总资产LIVERPAY
| Q4 25 | $389.2M | $1.2B | ||
| Q3 25 | $386.4M | $1.3B | ||
| Q2 25 | $387.5M | $1.4B | ||
| Q1 25 | $393.6M | $1.5B | ||
| Q4 24 | $395.5M | $1.6B | ||
| Q3 24 | $407.5M | $1.6B | ||
| Q2 24 | $436.8M | $1.5B | ||
| Q1 24 | $433.9M | $1.5B |
负债/权益比LIVERPAY
| 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 | $9.8M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $23.2M |
| 自由现金流率自由现金流/营收 | 7.8% | 29.6% |
| 资本支出强度资本支出/营收 | 1.2% | 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 | $21.9M | $90.7M |
8季度趋势，按日历期对齐
经营现金流LIVERPAY
| Q4 25 | $9.8M | $23.3M | ||
| Q3 25 | $6.8M | $32.2M | ||
| Q2 25 | $12.3M | $33.1M | ||
| Q1 25 | $231.0K | $2.5M | ||
| Q4 24 | $9.4M | $34.3M | ||
| Q3 24 | $6.7M | $60.1M | ||
| Q2 24 | $11.7M | $31.0M | ||
| Q1 24 | $-5.7M | $24.8M |
自由现金流LIVERPAY
| Q4 25 | $8.5M | $23.2M | ||
| Q3 25 | $4.8M | $32.1M | ||
| Q2 25 | $10.8M | $33.0M | ||
| Q1 25 | $-2.3M | $2.4M | ||
| Q4 24 | $7.6M | $34.0M | ||
| Q3 24 | $3.3M | $59.8M | ||
| Q2 24 | $10.1M | $30.5M | ||
| Q1 24 | $-7.5M | $24.7M |
自由现金流率LIVERPAY
| Q4 25 | 7.8% | 29.6% | ||
| Q3 25 | 4.2% | 41.3% | ||
| Q2 25 | 9.6% | 43.6% | ||
| Q1 25 | -2.1% | 3.0% | ||
| Q4 24 | 6.8% | 43.5% | ||
| Q3 24 | 2.9% | 75.6% | ||
| Q2 24 | 8.2% | 40.7% | ||
| Q1 24 | -6.3% | 30.6% |
资本支出强度LIVERPAY
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 2.3% | 0.2% | ||
| Q4 24 | 1.6% | 0.3% | ||
| Q3 24 | 3.1% | 0.3% | ||
| Q2 24 | 1.3% | 0.6% | ||
| Q1 24 | 1.4% | 0.1% |
现金转化率LIVERPAY
| Q4 25 | — | — | ||
| Q3 25 | 6.78× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 19.11× | — | ||
| 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
LIVE
| Steel Manufacturing Segment | $31.9M | 29% |
| Flooring Manufacturing Segment | $28.9M | 27% |
| Retail Flooring Segment | $25.3M | 23% |
| Retail Entertainment Segment | $23.6M | 22% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
