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LTC PROPERTIES INC（LTC）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
LTC PROPERTIES INC的季度营收约是Repay Holdings Corp的1.1倍（$84.3M vs $78.6M），LTC PROPERTIES INC净利率更高（123.0% vs -178.3%，领先301.3%），LTC PROPERTIES INC同比增速更快（60.3% vs 0.4%），LTC PROPERTIES INC自由现金流更多（$128.7M vs $23.2M），过去两年LTC PROPERTIES INC的营收复合增速更高（28.1% vs -1.3%）
LTC Properties Inc是一家总部位于美国的房地产投资信托企业，核心业务为持有、融资及运营老年住宅与医疗相关不动产，投资组合涵盖辅助生活设施、专业护理物业、记忆照护中心及独立生活社区，服务美国养老与医疗领域运营方。
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。
LTC vs RPAY — 直观对比
营收规模更大
LTC
是对方的1.1倍
$78.6M
营收增速更快
LTC
高出59.9%
0.4%
净利率更高
LTC
高出301.3%
-178.3%
自由现金流更多
LTC
多$105.5M
$23.2M
两年增速更快
LTC
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $84.3M | $78.6M |
| 净利润 | $103.7M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 123.0% | -178.3% |
| 营收同比 | 60.3% | 0.4% |
| 净利润同比 | 429.1% | -3304.1% |
| 每股收益（稀释后） | $2.19 | $-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LTCRPAY
| Q4 25 | $84.3M | $78.6M | ||
| Q3 25 | $69.3M | $77.7M | ||
| Q2 25 | $60.2M | $75.6M | ||
| Q1 25 | $49.0M | $77.3M | ||
| Q4 24 | $52.6M | $78.3M | ||
| Q3 24 | $55.8M | $79.1M | ||
| Q2 24 | $50.1M | $74.9M | ||
| Q1 24 | $51.4M | $80.7M |
净利润LTCRPAY
| Q4 25 | $103.7M | $-140.1M | ||
| Q3 25 | $-20.0M | $-6.4M | ||
| Q2 25 | $15.1M | $-102.3M | ||
| Q1 25 | $20.7M | $-7.9M | ||
| Q4 24 | $19.6M | $-4.1M | ||
| Q3 24 | $29.4M | $3.2M | ||
| Q2 24 | $19.4M | $-4.1M | ||
| Q1 24 | $24.2M | $-5.2M |
毛利率LTCRPAY
| 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LTCRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | 71.9% | -3.9% | ||
| Q2 25 | 80.5% | -138.7% | ||
| Q1 25 | 37.8% | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | 95.5% | -0.9% | ||
| Q2 24 | 38.0% | -4.6% | ||
| Q1 24 | 47.3% | -3.1% |
净利率LTCRPAY
| Q4 25 | 123.0% | -178.3% | ||
| Q3 25 | -28.9% | -8.3% | ||
| Q2 25 | 25.1% | -135.2% | ||
| Q1 25 | 42.2% | -10.3% | ||
| Q4 24 | 37.3% | -5.3% | ||
| Q3 24 | 52.6% | 4.1% | ||
| Q2 24 | 38.6% | -5.4% | ||
| Q1 24 | 47.2% | -6.5% |
每股收益（稀释后）LTCRPAY
| Q4 25 | $2.19 | $-1.68 | ||
| Q3 25 | $-0.44 | $-0.08 | ||
| Q2 25 | $0.32 | $-1.15 | ||
| Q1 25 | $0.45 | $-0.09 | ||
| Q4 24 | $0.38 | $-0.04 | ||
| Q3 24 | $0.66 | $0.03 | ||
| Q2 24 | $0.44 | $-0.04 | ||
| Q1 24 | $0.56 | $-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 | $14.4M | $115.7M |
| 总债务越低越好 | $842.2M | $280.1M |
| 股东权益账面价值 | $1.1B | $484.4M |
| 总资产 | $2.1B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.78× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资LTCRPAY
| Q4 25 | $14.4M | $115.7M | ||
| Q3 25 | $17.9M | $95.7M | ||
| Q2 25 | $7.6M | $162.6M | ||
| Q1 25 | $23.3M | $165.5M | ||
| Q4 24 | $9.4M | $189.5M | ||
| Q3 24 | $35.0M | $168.7M | ||
| Q2 24 | $6.2M | $147.1M | ||
| Q1 24 | $9.0M | $128.3M |
总债务LTCRPAY
| Q4 25 | $842.2M | $280.1M | ||
| Q3 25 | $944.5M | $279.5M | ||
| Q2 25 | $696.5M | $279.0M | ||
| Q1 25 | $682.2M | $497.6M | ||
| Q4 24 | $684.6M | $496.8M | ||
| Q3 24 | $785.3M | $496.2M | ||
| Q2 24 | $861.0M | $435.6M | ||
| Q1 24 | $860.2M | $434.9M |
股东权益LTCRPAY
| Q4 25 | $1.1B | $484.4M | ||
| Q3 25 | $957.9M | $616.9M | ||
| Q2 25 | $957.5M | $633.7M | ||
| Q1 25 | $961.9M | $755.7M | ||
| Q4 24 | $960.6M | $761.3M | ||
| Q3 24 | $947.8M | $754.7M | ||
| Q2 24 | $889.1M | $815.4M | ||
| Q1 24 | $886.2M | $813.8M |
总资产LTCRPAY
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.9B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
负债/权益比LTCRPAY
| Q4 25 | 0.78× | 0.58× | ||
| Q3 25 | 0.99× | 0.45× | ||
| Q2 25 | 0.73× | 0.44× | ||
| Q1 25 | 0.71× | 0.66× | ||
| Q4 24 | 0.71× | 0.65× | ||
| Q3 24 | 0.83× | 0.66× | ||
| Q2 24 | 0.97× | 0.53× | ||
| Q1 24 | 0.97× | 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 | $136.0M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $128.7M | $23.2M |
| 自由现金流率自由现金流/营收 | 152.7% | 29.6% |
| 资本支出强度资本支出/营收 | 8.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | $220.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流LTCRPAY
| Q4 25 | $136.0M | $23.3M | ||
| Q3 25 | $38.4M | $32.2M | ||
| Q2 25 | $30.0M | $33.1M | ||
| Q1 25 | $29.6M | $2.5M | ||
| Q4 24 | $125.9M | $34.3M | ||
| Q3 24 | $34.0M | $60.1M | ||
| Q2 24 | $37.0M | $31.0M | ||
| Q1 24 | $21.1M | $24.8M |
自由现金流LTCRPAY
| Q4 25 | $128.7M | $23.2M | ||
| Q3 25 | $34.3M | $32.1M | ||
| Q2 25 | $28.9M | $33.0M | ||
| Q1 25 | $28.2M | $2.4M | ||
| Q4 24 | $112.2M | $34.0M | ||
| Q3 24 | $27.7M | $59.8M | ||
| Q2 24 | $34.7M | $30.5M | ||
| Q1 24 | $19.7M | $24.7M |
自由现金流率LTCRPAY
| Q4 25 | 152.7% | 29.6% | ||
| Q3 25 | 49.4% | 41.3% | ||
| Q2 25 | 47.9% | 43.6% | ||
| Q1 25 | 57.6% | 3.0% | ||
| Q4 24 | 213.4% | 43.5% | ||
| Q3 24 | 49.7% | 75.6% | ||
| Q2 24 | 69.1% | 40.7% | ||
| Q1 24 | 38.4% | 30.6% |
资本支出强度LTCRPAY
| Q4 25 | 8.6% | 0.1% | ||
| Q3 25 | 6.0% | 0.2% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 2.7% | 0.2% | ||
| Q4 24 | 26.0% | 0.3% | ||
| Q3 24 | 11.2% | 0.3% | ||
| Q2 24 | 4.6% | 0.6% | ||
| Q1 24 | 2.6% | 0.1% |
现金转化率LTCRPAY
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | — | ||
| Q3 24 | 1.16× | 18.52× | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 0.87× | — |
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
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
