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MERCANTILE BANK CORP（MBWM）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MERCANTILE BANK CORP的1.2倍（$78.6M vs $67.6M），MERCANTILE BANK CORP净利率更高（33.6% vs -178.3%，领先211.9%），过去两年MERCANTILE BANK CORP的营收复合增速更高（9.1% vs -1.3%）
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
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。
MBWM vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.2倍
$67.6M
净利率更高
MBWM
高出211.9%
-178.3%
两年增速更快
MBWM
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $67.6M | $78.6M |
| 净利润 | $22.7M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 33.6% | -178.3% |
| 营收同比 | — | 0.4% |
| 净利润同比 | 16.1% | -3304.1% |
| 每股收益（稀释后） | $1.32 | $-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MBWMRPAY
| Q1 26 | $67.6M | — | ||
| Q4 25 | $62.1M | $78.6M | ||
| Q3 25 | $62.4M | $77.7M | ||
| Q2 25 | $60.9M | $75.6M | ||
| Q1 25 | $57.3M | $77.3M | ||
| Q4 24 | $58.5M | $78.3M | ||
| Q3 24 | $58.0M | $79.1M | ||
| Q2 24 | $56.8M | $74.9M |
净利润MBWMRPAY
| Q1 26 | $22.7M | — | ||
| Q4 25 | $22.8M | $-140.1M | ||
| Q3 25 | $23.8M | $-6.4M | ||
| Q2 25 | $22.6M | $-102.3M | ||
| Q1 25 | $19.5M | $-7.9M | ||
| Q4 24 | $19.6M | $-4.1M | ||
| Q3 24 | $19.6M | $3.2M | ||
| Q2 24 | $18.8M | $-4.1M |
毛利率MBWMRPAY
| Q1 26 | — | — | ||
| 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% |
营业利润率MBWMRPAY
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | -182.2% | ||
| Q3 25 | 44.0% | -3.9% | ||
| Q2 25 | 42.6% | -138.7% | ||
| Q1 25 | 42.0% | -4.7% | ||
| Q4 24 | 39.7% | -1.5% | ||
| Q3 24 | 42.4% | -0.9% | ||
| Q2 24 | 41.4% | -4.6% |
净利率MBWMRPAY
| Q1 26 | 33.6% | — | ||
| Q4 25 | 36.8% | -178.3% | ||
| Q3 25 | 38.1% | -8.3% | ||
| Q2 25 | 37.1% | -135.2% | ||
| Q1 25 | 34.1% | -10.3% | ||
| Q4 24 | 33.5% | -5.3% | ||
| Q3 24 | 33.8% | 4.1% | ||
| Q2 24 | 33.1% | -5.4% |
每股收益（稀释后）MBWMRPAY
| Q1 26 | $1.32 | — | ||
| Q4 25 | $1.41 | $-1.68 | ||
| Q3 25 | $1.46 | $-0.08 | ||
| Q2 25 | $1.39 | $-1.15 | ||
| Q1 25 | $1.21 | $-0.09 | ||
| Q4 24 | $1.20 | $-0.04 | ||
| Q3 24 | $1.22 | $0.03 | ||
| Q2 24 | $1.17 | $-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 | — | $115.7M |
| 总债务越低越好 | $1.5M | $280.1M |
| 股东权益账面价值 | $736.9M | $484.4M |
| 总资产 | $6.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资MBWMRPAY
| Q1 26 | — | — | ||
| 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 |
总债务MBWMRPAY
| Q1 26 | $1.5M | — | ||
| 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MBWMRPAY
| Q1 26 | $736.9M | — | ||
| Q4 25 | $724.9M | $484.4M | ||
| Q3 25 | $657.6M | $616.9M | ||
| Q2 25 | $631.5M | $633.7M | ||
| Q1 25 | $608.3M | $755.7M | ||
| Q4 24 | $584.5M | $761.3M | ||
| Q3 24 | $583.3M | $754.7M | ||
| Q2 24 | $551.2M | $815.4M |
总资产MBWMRPAY
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $1.2B | ||
| Q3 25 | $6.3B | $1.3B | ||
| Q2 25 | $6.2B | $1.4B | ||
| Q1 25 | $6.1B | $1.5B | ||
| Q4 24 | $6.1B | $1.6B | ||
| Q3 24 | $5.9B | $1.6B | ||
| Q2 24 | $5.6B | $1.5B |
负债/权益比MBWMRPAY
| Q1 26 | 0.00× | — | ||
| 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 | — | $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 | — | — |
| 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MBWMRPAY
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $23.3M | ||
| Q3 25 | $23.1M | $32.2M | ||
| Q2 25 | $-7.8M | $33.1M | ||
| Q1 25 | $-3.0M | $2.5M | ||
| Q4 24 | $101.1M | $34.3M | ||
| Q3 24 | $-8.1M | $60.1M | ||
| Q2 24 | $9.1M | $31.0M |
自由现金流MBWMRPAY
| Q1 26 | — | — | ||
| 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 |
自由现金流率MBWMRPAY
| Q1 26 | — | — | ||
| 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% |
资本支出强度MBWMRPAY
| Q1 26 | — | — | ||
| 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% |
现金转化率MBWMRPAY
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.35× | — | ||
| Q1 25 | -0.15× | — | ||
| Q4 24 | 5.15× | — | ||
| Q3 24 | -0.41× | 18.52× | ||
| Q2 24 | 0.49× | — |
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
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
