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Ramaco Resources, Inc.（METC）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
Ramaco Resources, Inc.的季度营收约是Repay Holdings Corp的1.5倍（$121.0M vs $78.6M），Ramaco Resources, Inc.净利率更高（-11.0% vs -178.3%，领先167.3%），Repay Holdings Corp同比增速更快（0.4% vs -27.7%），Repay Holdings Corp自由现金流更多（$23.2M vs $-17.5M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -22.7%）
Ramaco Resources, Inc.是一家总部位于美国的矿业企业，主营高等级冶金煤生产，在阿巴拉契亚地区运营多处采矿资产，产品供应全球钢铁制造商及工业客户，核心业务为可持续、低成本的冶金煤开采与分销。
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。
METC vs RPAY — 直观对比
营收规模更大
METC
是对方的1.5倍
$78.6M
营收增速更快
RPAY
高出28.1%
-27.7%
净利率更高
METC
高出167.3%
-178.3%
自由现金流更多
RPAY
多$40.8M
$-17.5M
两年增速更快
RPAY
近两年复合增速
-22.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $121.0M | $78.6M |
| 净利润 | $-13.3M | $-140.1M |
| 毛利率 | 15.8% | 74.2% |
| 营业利润率 | -12.0% | -182.2% |
| 净利率 | -11.0% | -178.3% |
| 营收同比 | -27.7% | 0.4% |
| 净利润同比 | -5468.2% | -3304.1% |
| 每股收益（稀释后） | — | $-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METCRPAY
| Q4 25 | — | $78.6M | ||
| Q3 25 | $121.0M | $77.7M | ||
| Q2 25 | $153.0M | $75.6M | ||
| Q1 25 | $134.7M | $77.3M | ||
| Q4 24 | $170.9M | $78.3M | ||
| Q3 24 | $167.4M | $79.1M | ||
| Q2 24 | $155.3M | $74.9M | ||
| Q1 24 | $172.7M | $80.7M |
净利润METCRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-13.3M | $-6.4M | ||
| Q2 25 | $-14.0M | $-102.3M | ||
| Q1 25 | $-9.5M | $-7.9M | ||
| Q4 24 | $3.9M | $-4.1M | ||
| Q3 24 | $-239.0K | $3.2M | ||
| Q2 24 | $5.5M | $-4.1M | ||
| Q1 24 | $2.0M | $-5.2M |
毛利率METCRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | 15.8% | 74.4% | ||
| Q2 25 | 12.3% | 75.7% | ||
| Q1 25 | 15.2% | 75.9% | ||
| Q4 24 | 20.4% | 76.3% | ||
| Q3 24 | 19.5% | 77.8% | ||
| Q2 24 | 21.0% | 78.2% | ||
| Q1 24 | 19.1% | 76.2% |
营业利润率METCRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | -12.0% | -3.9% | ||
| Q2 25 | -9.1% | -138.7% | ||
| Q1 25 | -8.9% | -4.7% | ||
| Q4 24 | 3.7% | -1.5% | ||
| Q3 24 | 1.0% | -0.9% | ||
| Q2 24 | 3.5% | -4.6% | ||
| Q1 24 | 1.9% | -3.1% |
净利率METCRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -11.0% | -8.3% | ||
| Q2 25 | -9.1% | -135.2% | ||
| Q1 25 | -7.0% | -10.3% | ||
| Q4 24 | 2.3% | -5.3% | ||
| Q3 24 | -0.1% | 4.1% | ||
| Q2 24 | 3.6% | -5.4% | ||
| Q1 24 | 1.2% | -6.5% |
每股收益（稀释后）METCRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $0.06 | $-0.04 | ||
| Q3 24 | $-0.03 | $0.03 | ||
| Q2 24 | $0.08 | $-0.04 | ||
| Q1 24 | $0.00 | $-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 | $193.8M | $115.7M |
| 总债务越低越好 | $116.3M | $280.1M |
| 股东权益账面价值 | $526.9M | $484.4M |
| 总资产 | $849.7M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资METCRPAY
| Q4 25 | — | $115.7M | ||
| Q3 25 | $193.8M | $95.7M | ||
| Q2 25 | $28.1M | $162.6M | ||
| Q1 25 | $43.5M | $165.5M | ||
| Q4 24 | $33.0M | $189.5M | ||
| Q3 24 | $22.9M | $168.7M | ||
| Q2 24 | $27.6M | $147.1M | ||
| Q1 24 | $30.5M | $128.3M |
总债务METCRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | $116.3M | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $88.2M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益METCRPAY
| Q4 25 | — | $484.4M | ||
| Q3 25 | $526.9M | $616.9M | ||
| Q2 25 | $347.4M | $633.7M | ||
| Q1 25 | $355.2M | $755.7M | ||
| Q4 24 | $362.8M | $761.3M | ||
| Q3 24 | $361.8M | $754.7M | ||
| Q2 24 | $366.1M | $815.4M | ||
| Q1 24 | $372.3M | $813.8M |
总资产METCRPAY
| Q4 25 | — | $1.2B | ||
| Q3 25 | $849.7M | $1.3B | ||
| Q2 25 | $674.6M | $1.4B | ||
| Q1 25 | $685.7M | $1.5B | ||
| Q4 24 | $674.7M | $1.6B | ||
| Q3 24 | $645.4M | $1.6B | ||
| Q2 24 | $659.2M | $1.5B | ||
| Q1 24 | $674.0M | $1.5B |
负债/权益比METCRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | 0.22× | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 0.24× | 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 | $-1.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.5M | $23.2M |
| 自由现金流率自由现金流/营收 | -14.5% | 29.6% |
| 资本支出强度资本支出/营收 | 13.3% | 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 | $-24.7M | $90.7M |
8季度趋势，按日历期对齐
经营现金流METCRPAY
| Q4 25 | — | $23.3M | ||
| Q3 25 | $-1.4M | $32.2M | ||
| Q2 25 | $-4.3M | $33.1M | ||
| Q1 25 | $26.0M | $2.5M | ||
| Q4 24 | $15.7M | $34.3M | ||
| Q3 24 | $37.4M | $60.1M | ||
| Q2 24 | $34.4M | $31.0M | ||
| Q1 24 | $25.2M | $24.8M |
自由现金流METCRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | $-17.5M | $32.1M | ||
| Q2 25 | $-19.8M | $33.0M | ||
| Q1 25 | $7.6M | $2.4M | ||
| Q4 24 | $5.1M | $34.0M | ||
| Q3 24 | $25.6M | $59.8M | ||
| Q2 24 | $20.3M | $30.5M | ||
| Q1 24 | $6.5M | $24.7M |
自由现金流率METCRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | -14.5% | 41.3% | ||
| Q2 25 | -13.0% | 43.6% | ||
| Q1 25 | 5.6% | 3.0% | ||
| Q4 24 | 3.0% | 43.5% | ||
| Q3 24 | 15.3% | 75.6% | ||
| Q2 24 | 13.1% | 40.7% | ||
| Q1 24 | 3.7% | 30.6% |
资本支出强度METCRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | 13.3% | 0.2% | ||
| Q2 25 | 10.2% | 0.1% | ||
| Q1 25 | 13.7% | 0.2% | ||
| Q4 24 | 6.2% | 0.3% | ||
| Q3 24 | 7.0% | 0.3% | ||
| Q2 24 | 9.1% | 0.6% | ||
| Q1 24 | 10.8% | 0.1% |
现金转化率METCRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 6.21× | — | ||
| Q1 24 | 12.40× | — |
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
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
