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LIQUIDITY SERVICES INC（LQDT）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
LIQUIDITY SERVICES INC的季度营收约是Repay Holdings Corp的1.5倍（$120.7M vs $78.6M），LIQUIDITY SERVICES INC净利率更高（6.2% vs -178.3%，领先184.5%），LIQUIDITY SERVICES INC同比增速更快（3.7% vs 0.4%），过去两年LIQUIDITY SERVICES INC的营收复合增速更高（13.6% vs -1.3%）
利魁迪提服务公司是一家美国电子商务企业，依托线上交易平台网络为客户提供过剩资产管理服务，助力各类企业及政府机构转售过剩库存、退回商品及报废货品。公司成立于1999年，总部设在美国马里兰州贝塞斯达。
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。
LQDT vs RPAY — 直观对比
营收规模更大
LQDT
是对方的1.5倍
$78.6M
营收增速更快
LQDT
高出3.3%
0.4%
净利率更高
LQDT
高出184.5%
-178.3%
两年增速更快
LQDT
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.7M | $78.6M |
| 净利润 | $7.5M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 8.0% | -182.2% |
| 净利率 | 6.2% | -178.3% |
| 营收同比 | 3.7% | 0.4% |
| 净利润同比 | 6.7% | -3304.1% |
| 每股收益（稀释后） | $0.23 | $-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LQDTRPAY
| Q1 26 | $120.7M | — | ||
| Q4 25 | $121.2M | $78.6M | ||
| Q3 25 | $118.1M | $77.7M | ||
| Q2 25 | $119.9M | $75.6M | ||
| Q1 25 | $116.4M | $77.3M | ||
| Q4 24 | $122.3M | $78.3M | ||
| Q3 24 | $106.9M | $79.1M | ||
| Q2 24 | $93.6M | $74.9M |
净利润LQDTRPAY
| Q1 26 | $7.5M | — | ||
| Q4 25 | $7.5M | $-140.1M | ||
| Q3 25 | $7.8M | $-6.4M | ||
| Q2 25 | $7.4M | $-102.3M | ||
| Q1 25 | $7.1M | $-7.9M | ||
| Q4 24 | $5.8M | $-4.1M | ||
| Q3 24 | $6.4M | $3.2M | ||
| Q2 24 | $6.0M | $-4.1M |
毛利率LQDTRPAY
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | 74.2% | ||
| Q3 25 | 47.8% | 74.4% | ||
| Q2 25 | 45.7% | 75.7% | ||
| Q1 25 | 40.8% | 75.9% | ||
| Q4 24 | 41.0% | 76.3% | ||
| Q3 24 | 45.6% | 77.8% | ||
| Q2 24 | 52.8% | 78.2% |
营业利润率LQDTRPAY
| Q1 26 | 8.0% | — | ||
| Q4 25 | 7.7% | -182.2% | ||
| Q3 25 | 9.3% | -3.9% | ||
| Q2 25 | 8.5% | -138.7% | ||
| Q1 25 | 5.8% | -4.7% | ||
| Q4 24 | 5.8% | -1.5% | ||
| Q3 24 | 6.8% | -0.9% | ||
| Q2 24 | 8.4% | -4.6% |
净利率LQDTRPAY
| Q1 26 | 6.2% | — | ||
| Q4 25 | 6.2% | -178.3% | ||
| Q3 25 | 6.6% | -8.3% | ||
| Q2 25 | 6.2% | -135.2% | ||
| Q1 25 | 6.1% | -10.3% | ||
| Q4 24 | 4.7% | -5.3% | ||
| Q3 24 | 6.0% | 4.1% | ||
| Q2 24 | 6.4% | -5.4% |
每股收益（稀释后）LQDTRPAY
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.23 | $-1.68 | ||
| Q3 25 | $0.24 | $-0.08 | ||
| Q2 25 | $0.23 | $-1.15 | ||
| Q1 25 | $0.22 | $-0.09 | ||
| Q4 24 | $0.18 | $-0.04 | ||
| Q3 24 | $0.20 | $0.03 | ||
| Q2 24 | $0.19 | $-0.04 |
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 | $204.0M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | — | $484.4M |
| 总资产 | $400.4M | $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LQDTRPAY
| Q1 26 | $204.0M | — | ||
| Q4 25 | $11.6M | $115.7M | ||
| Q3 25 | $11.2M | $95.7M | ||
| Q2 25 | $11.4M | $162.6M | ||
| Q1 25 | $10.5M | $165.5M | ||
| Q4 24 | $10.4M | $189.5M | ||
| Q3 24 | $2.3M | $168.7M | ||
| Q2 24 | $6.5M | $147.1M |
总债务LQDTRPAY
| Q1 26 | — | — | ||
| 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 |
股东权益LQDTRPAY
| Q1 26 | — | — | ||
| Q4 25 | $215.3M | $484.4M | ||
| Q3 25 | $203.2M | $616.9M | ||
| Q2 25 | $208.7M | $633.7M | ||
| Q1 25 | $196.3M | $755.7M | ||
| Q4 24 | $189.2M | $761.3M | ||
| Q3 24 | $182.6M | $754.7M | ||
| Q2 24 | $172.0M | $815.4M |
总资产LQDTRPAY
| Q1 26 | $400.4M | — | ||
| Q4 25 | $369.1M | $1.2B | ||
| Q3 25 | $375.1M | $1.3B | ||
| Q2 25 | $372.4M | $1.4B | ||
| Q1 25 | $358.8M | $1.5B | ||
| Q4 24 | $333.2M | $1.6B | ||
| Q3 24 | $346.9M | $1.6B | ||
| Q2 24 | $325.5M | $1.5B |
负债/权益比LQDTRPAY
| Q1 26 | — | — | ||
| 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× |
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 | $29.0M | $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 | 3.86× | — |
| 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LQDTRPAY
| Q1 26 | $29.0M | — | ||
| Q4 25 | $-526.0K | $23.3M | ||
| Q3 25 | $38.0M | $32.2M | ||
| Q2 25 | $19.3M | $33.1M | ||
| Q1 25 | $21.6M | $2.5M | ||
| Q4 24 | $-12.1M | $34.3M | ||
| Q3 24 | $22.0M | $60.1M | ||
| Q2 24 | $22.2M | $31.0M |
自由现金流LQDTRPAY
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $23.2M | ||
| Q3 25 | $36.0M | $32.1M | ||
| Q2 25 | $17.2M | $33.0M | ||
| Q1 25 | $19.8M | $2.4M | ||
| Q4 24 | $-14.0M | $34.0M | ||
| Q3 24 | $19.2M | $59.8M | ||
| Q2 24 | $20.3M | $30.5M |
自由现金流率LQDTRPAY
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | 29.6% | ||
| Q3 25 | 30.5% | 41.3% | ||
| Q2 25 | 14.3% | 43.6% | ||
| Q1 25 | 17.0% | 3.0% | ||
| Q4 24 | -11.4% | 43.5% | ||
| Q3 24 | 17.9% | 75.6% | ||
| Q2 24 | 21.7% | 40.7% |
资本支出强度LQDTRPAY
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 1.5% | 0.3% | ||
| Q3 24 | 2.7% | 0.3% | ||
| Q2 24 | 2.1% | 0.6% |
现金转化率LQDTRPAY
| Q1 26 | 3.86× | — | ||
| Q4 25 | -0.07× | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | 18.52× | ||
| Q2 24 | 3.71× | — |
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
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
