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MFA FINANCIAL, INC.（MFA）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MFA FINANCIAL, INC.的1.4倍（$78.6M vs $55.5M），MFA FINANCIAL, INC.同比增速更快（9.2% vs 0.4%），过去两年MFA FINANCIAL, INC.的营收复合增速更高（7.7% vs -1.3%）
MFA Financial是总部位于美国的房地产投资信托（REIT），核心业务为投资及管理住宅与商业抵押贷款支持证券、抵押贷款及其他不动产相关金融资产，面向美国本土机构和个人投资者，通过审慎的资产筛选与风控机制追求稳定的经风险调整后收益。
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。
MFA vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.4倍
$55.5M
营收增速更快
MFA
高出8.8%
0.4%
两年增速更快
MFA
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.5M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 97.9% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 9.2% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $0.43 | $-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MFARPAY
| Q4 25 | $55.5M | $78.6M | ||
| Q3 25 | $56.8M | $77.7M | ||
| Q2 25 | $61.3M | $75.6M | ||
| Q1 25 | $57.5M | $77.3M | ||
| Q4 24 | $50.8M | $78.3M | ||
| Q3 24 | $50.6M | $79.1M | ||
| Q2 24 | $53.5M | $74.9M | ||
| Q1 24 | $47.8M | $80.7M |
净利润MFARPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $48.1M | $-6.4M | ||
| Q2 25 | $33.2M | $-102.3M | ||
| Q1 25 | $41.2M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $48.2M | $3.2M | ||
| Q2 24 | $41.9M | $-4.1M | ||
| Q1 24 | $23.2M | $-5.2M |
毛利率MFARPAY
| 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MFARPAY
| Q4 25 | 97.9% | -182.2% | ||
| Q3 25 | 84.5% | -3.9% | ||
| Q2 25 | 54.5% | -138.7% | ||
| Q1 25 | 70.0% | -4.7% | ||
| Q4 24 | 6.8% | -1.5% | ||
| Q3 24 | 98.2% | -0.9% | ||
| Q2 24 | 79.1% | -4.6% | ||
| Q1 24 | 50.7% | -3.1% |
净利率MFARPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 84.7% | -8.3% | ||
| Q2 25 | 54.2% | -135.2% | ||
| Q1 25 | 71.6% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 95.2% | 4.1% | ||
| Q2 24 | 78.4% | -5.4% | ||
| Q1 24 | 48.5% | -6.5% |
每股收益（稀释后）MFARPAY
| Q4 25 | $0.43 | $-1.68 | ||
| Q3 25 | $0.35 | $-0.08 | ||
| Q2 25 | $0.21 | $-1.15 | ||
| Q1 25 | $0.31 | $-0.09 | ||
| Q4 24 | $-0.01 | $-0.04 | ||
| Q3 24 | $0.37 | $0.03 | ||
| Q2 24 | $0.32 | $-0.04 | ||
| Q1 24 | $0.14 | $-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 | $213.2M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $1.8B | $484.4M |
| 总资产 | $13.0B | $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MFARPAY
| Q4 25 | $213.2M | $115.7M | ||
| Q3 25 | $305.2M | $95.7M | ||
| Q2 25 | $275.7M | $162.6M | ||
| Q1 25 | $253.7M | $165.5M | ||
| Q4 24 | $338.9M | $189.5M | ||
| Q3 24 | $305.6M | $168.7M | ||
| Q2 24 | $289.4M | $147.1M | ||
| Q1 24 | $306.3M | $128.3M |
总债务MFARPAY
| 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MFARPAY
| Q4 25 | $1.8B | $484.4M | ||
| Q3 25 | $1.8B | $616.9M | ||
| Q2 25 | $1.8B | $633.7M | ||
| Q1 25 | $1.8B | $755.7M | ||
| Q4 24 | $1.8B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $1.9B | $815.4M | ||
| Q1 24 | $1.9B | $813.8M |
总资产MFARPAY
| Q4 25 | $13.0B | $1.2B | ||
| Q3 25 | $12.1B | $1.3B | ||
| Q2 25 | $11.7B | $1.4B | ||
| Q1 25 | $11.5B | $1.5B | ||
| Q4 24 | $11.4B | $1.6B | ||
| Q3 24 | $11.2B | $1.6B | ||
| Q2 24 | $11.1B | $1.5B | ||
| Q1 24 | $10.9B | $1.5B |
负债/权益比MFARPAY
| 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 | $76.2M | $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MFARPAY
| Q4 25 | $76.2M | $23.3M | ||
| Q3 25 | $14.7M | $32.2M | ||
| Q2 25 | $38.5M | $33.1M | ||
| Q1 25 | $-14.6M | $2.5M | ||
| Q4 24 | $200.1M | $34.3M | ||
| Q3 24 | $-11.3M | $60.1M | ||
| Q2 24 | $46.5M | $31.0M | ||
| Q1 24 | $53.5M | $24.8M |
自由现金流MFARPAY
| 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 | ||
| Q1 24 | — | $24.7M |
自由现金流率MFARPAY
| 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% | ||
| Q1 24 | — | 30.6% |
资本支出强度MFARPAY
| 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% | ||
| Q1 24 | — | 0.1% |
现金转化率MFARPAY
| Q4 25 | — | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | -0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.23× | 18.52× | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 2.30× | — |
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
MFA
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
