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MGP INGREDIENTS INC（MGPI）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
MGP INGREDIENTS INC的季度营收约是Repay Holdings Corp的1.8倍（$138.3M vs $78.6M），MGP INGREDIENTS INC净利率更高（-97.3% vs -178.3%，领先81.0%），Repay Holdings Corp同比增速更快（0.4% vs -23.5%），MGP INGREDIENTS INC自由现金流更多（$24.3M vs $23.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -9.9%）
MGP配料公司是总部位于美国的优质蒸馏酒、特种小麦和玉米基淀粉及蛋白质配料供应商，服务食品饮料制造、餐饮及工业客户领域，为北美及部分全球市场客户提供定制化配料解决方案。
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。
MGPI vs RPAY — 直观对比
营收规模更大
MGPI
是对方的1.8倍
$78.6M
营收增速更快
RPAY
高出23.9%
-23.5%
净利率更高
MGPI
高出81.0%
-178.3%
自由现金流更多
MGPI
多$1.0M
$23.2M
两年增速更快
RPAY
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $138.3M | $78.6M |
| 净利润 | $-134.6M | $-140.1M |
| 毛利率 | 34.9% | 74.2% |
| 营业利润率 | -97.7% | -182.2% |
| 净利率 | -97.3% | -178.3% |
| 营收同比 | -23.5% | 0.4% |
| 净利润同比 | -220.8% | -3304.1% |
| 每股收益（稀释后） | $-6.23 | $-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MGPIRPAY
| Q4 25 | $138.3M | $78.6M | ||
| Q3 25 | $130.9M | $77.7M | ||
| Q2 25 | $145.5M | $75.6M | ||
| Q1 25 | $121.7M | $77.3M | ||
| Q4 24 | $180.8M | $78.3M | ||
| Q3 24 | $161.5M | $79.1M | ||
| Q2 24 | $190.8M | $74.9M | ||
| Q1 24 | $170.6M | $80.7M |
净利润MGPIRPAY
| Q4 25 | $-134.6M | $-140.1M | ||
| Q3 25 | $15.4M | $-6.4M | ||
| Q2 25 | $14.4M | $-102.3M | ||
| Q1 25 | $-3.0M | $-7.9M | ||
| Q4 24 | $-42.0M | $-4.1M | ||
| Q3 24 | $23.9M | $3.2M | ||
| Q2 24 | $32.1M | $-4.1M | ||
| Q1 24 | $20.6M | $-5.2M |
毛利率MGPIRPAY
| Q4 25 | 34.9% | 74.2% | ||
| Q3 25 | 37.8% | 74.4% | ||
| Q2 25 | 40.1% | 75.7% | ||
| Q1 25 | 35.6% | 75.9% | ||
| Q4 24 | 41.2% | 76.3% | ||
| Q3 24 | 40.8% | 77.8% | ||
| Q2 24 | 43.6% | 78.2% | ||
| Q1 24 | 36.8% | 76.2% |
营业利润率MGPIRPAY
| Q4 25 | -97.7% | -182.2% | ||
| Q3 25 | 16.1% | -3.9% | ||
| Q2 25 | 14.0% | -138.7% | ||
| Q1 25 | -0.6% | -4.7% | ||
| Q4 24 | -16.8% | -1.5% | ||
| Q3 24 | 20.2% | -0.9% | ||
| Q2 24 | 22.7% | -4.6% | ||
| Q1 24 | 17.0% | -3.1% |
净利率MGPIRPAY
| Q4 25 | -97.3% | -178.3% | ||
| Q3 25 | 11.8% | -8.3% | ||
| Q2 25 | 9.9% | -135.2% | ||
| Q1 25 | -2.5% | -10.3% | ||
| Q4 24 | -23.2% | -5.3% | ||
| Q3 24 | 14.8% | 4.1% | ||
| Q2 24 | 16.8% | -5.4% | ||
| Q1 24 | 12.1% | -6.5% |
每股收益（稀释后）MGPIRPAY
| Q4 25 | $-6.23 | $-1.68 | ||
| Q3 25 | $0.71 | $-0.08 | ||
| Q2 25 | $0.67 | $-1.15 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $-1.86 | $-0.04 | ||
| Q3 24 | $1.07 | $0.03 | ||
| Q2 24 | $1.43 | $-0.04 | ||
| Q1 24 | $0.92 | $-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 | $18.5M | $115.7M |
| 总债务越低越好 | $245.9M | $280.1M |
| 股东权益账面价值 | $718.4M | $484.4M |
| 总资产 | $1.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资MGPIRPAY
| Q4 25 | $18.5M | $115.7M | ||
| Q3 25 | $13.4M | $95.7M | ||
| Q2 25 | $17.3M | $162.6M | ||
| Q1 25 | $20.1M | $165.5M | ||
| Q4 24 | $25.3M | $189.5M | ||
| Q3 24 | $20.8M | $168.7M | ||
| Q2 24 | $21.0M | $147.1M | ||
| Q1 24 | $19.5M | $128.3M |
总债务MGPIRPAY
| Q4 25 | $245.9M | $280.1M | ||
| Q3 25 | $262.3M | $279.5M | ||
| Q2 25 | $290.7M | $279.0M | ||
| Q1 25 | $290.7M | $497.6M | ||
| Q4 24 | $317.1M | $496.8M | ||
| Q3 24 | $283.6M | $496.2M | ||
| Q2 24 | $303.0M | $435.6M | ||
| Q1 24 | $294.4M | $434.9M |
股东权益MGPIRPAY
| Q4 25 | $718.4M | $484.4M | ||
| Q3 25 | $855.2M | $616.9M | ||
| Q2 25 | $841.8M | $633.7M | ||
| Q1 25 | $828.3M | $755.7M | ||
| Q4 24 | $834.2M | $761.3M | ||
| Q3 24 | $914.5M | $754.7M | ||
| Q2 24 | $894.5M | $815.4M | ||
| Q1 24 | $867.0M | $813.8M |
总资产MGPIRPAY
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
负债/权益比MGPIRPAY
| Q4 25 | 0.34× | 0.58× | ||
| Q3 25 | 0.31× | 0.45× | ||
| Q2 25 | 0.35× | 0.44× | ||
| Q1 25 | 0.35× | 0.66× | ||
| Q4 24 | 0.38× | 0.65× | ||
| Q3 24 | 0.31× | 0.66× | ||
| Q2 24 | 0.34× | 0.53× | ||
| Q1 24 | 0.34× | 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 | $29.1M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $24.3M | $23.2M |
| 自由现金流率自由现金流/营收 | 17.5% | 29.6% |
| 资本支出强度资本支出/营收 | 3.5% | 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 | $76.0M | $90.7M |
8季度趋势，按日历期对齐
经营现金流MGPIRPAY
| Q4 25 | $29.1M | $23.3M | ||
| Q3 25 | $36.1M | $32.2M | ||
| Q2 25 | $11.7M | $33.1M | ||
| Q1 25 | $44.7M | $2.5M | ||
| Q4 24 | $28.8M | $34.3M | ||
| Q3 24 | $43.9M | $60.1M | ||
| Q2 24 | $5.0M | $31.0M | ||
| Q1 24 | $24.6M | $24.8M |
自由现金流MGPIRPAY
| Q4 25 | $24.3M | $23.2M | ||
| Q3 25 | $27.6M | $32.1M | ||
| Q2 25 | $-557.0K | $33.0M | ||
| Q1 25 | $24.8M | $2.4M | ||
| Q4 24 | $10.4M | $34.0M | ||
| Q3 24 | $24.5M | $59.8M | ||
| Q2 24 | $-1.4M | $30.5M | ||
| Q1 24 | $-2.4M | $24.7M |
自由现金流率MGPIRPAY
| Q4 25 | 17.5% | 29.6% | ||
| Q3 25 | 21.1% | 41.3% | ||
| Q2 25 | -0.4% | 43.6% | ||
| Q1 25 | 20.4% | 3.0% | ||
| Q4 24 | 5.8% | 43.5% | ||
| Q3 24 | 15.2% | 75.6% | ||
| Q2 24 | -0.7% | 40.7% | ||
| Q1 24 | -1.4% | 30.6% |
资本支出强度MGPIRPAY
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 6.5% | 0.2% | ||
| Q2 25 | 8.4% | 0.1% | ||
| Q1 25 | 16.4% | 0.2% | ||
| Q4 24 | 10.1% | 0.3% | ||
| Q3 24 | 12.0% | 0.3% | ||
| Q2 24 | 3.3% | 0.6% | ||
| Q1 24 | 15.8% | 0.1% |
现金转化率MGPIRPAY
| Q4 25 | — | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.84× | 18.52× | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 1.19× | — |
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
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
