vs
Marqeta, Inc.（MQ）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是Marqeta, Inc.的1.1倍（$197.9M vs $172.1M），Marqeta, Inc.同比增速更快（26.7% vs 13.6%），Marqeta, Inc.自由现金流更多（$53.2M vs $17.6M），过去两年Marqeta, Inc.的营收复合增速更高（20.8% vs 14.4%）
Marqeta, Inc.运营云原生开放API平台，提供现代发卡与数字支付处理服务，可赋能金融科技初创企业、大型零售商及企业客户推出定制化实体、虚拟支付卡及嵌入式金融解决方案，服务覆盖全球消费及商业市场。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
MQ vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.1倍
$172.1M
营收增速更快
MQ
高出13.1%
13.6%
自由现金流更多
MQ
多$35.6M
$17.6M
两年增速更快
MQ
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $172.1M | $197.9M |
| 净利润 | — | $13.3M |
| 毛利率 | 69.7% | 52.5% |
| 营业利润率 | -4.8% | 9.0% |
| 净利率 | — | 6.7% |
| 营收同比 | 26.7% | 13.6% |
| 净利润同比 | — | 143.9% |
| 每股收益（稀释后） | — | $0.24 |
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MQRGEN
| Q4 25 | $172.1M | $197.9M | ||
| Q3 25 | $163.3M | $188.8M | ||
| Q2 25 | $150.4M | $182.4M | ||
| Q1 25 | $139.1M | $169.2M | ||
| Q4 24 | $135.8M | $174.1M | ||
| Q3 24 | $128.0M | $154.9M | ||
| Q2 24 | $125.3M | $154.1M | ||
| Q1 24 | $118.0M | $151.3M |
净利润MQRGEN
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-3.6M | $14.9M | ||
| Q2 25 | $-647.0K | $14.9M | ||
| Q1 25 | $-8.3M | $5.8M | ||
| Q4 24 | — | $-30.3M | ||
| Q3 24 | $-28.6M | $-654.0K | ||
| Q2 24 | $119.1M | $3.3M | ||
| Q1 24 | $-36.1M | $2.1M |
毛利率MQRGEN
| Q4 25 | 69.7% | 52.5% | ||
| Q3 25 | 70.1% | 53.2% | ||
| Q2 25 | 69.2% | 50.0% | ||
| Q1 25 | 71.0% | 53.6% | ||
| Q4 24 | 72.3% | 26.1% | ||
| Q3 24 | 70.4% | 50.0% | ||
| Q2 24 | 63.3% | 49.8% | ||
| Q1 24 | 71.3% | 49.5% |
营业利润率MQRGEN
| Q4 25 | -4.8% | 9.0% | ||
| Q3 25 | -6.4% | 8.9% | ||
| Q2 25 | -6.1% | 7.6% | ||
| Q1 25 | -13.3% | 3.9% | ||
| Q4 24 | -27.6% | -17.7% | ||
| Q3 24 | -33.0% | -5.1% | ||
| Q2 24 | 83.9% | 1.0% | ||
| Q1 24 | -42.3% | 1.3% |
净利率MQRGEN
| Q4 25 | — | 6.7% | ||
| Q3 25 | -2.2% | 7.9% | ||
| Q2 25 | -0.4% | 8.2% | ||
| Q1 25 | -5.9% | 3.4% | ||
| Q4 24 | — | -17.4% | ||
| Q3 24 | -22.4% | -0.4% | ||
| Q2 24 | 95.1% | 2.2% | ||
| Q1 24 | -30.6% | 1.4% |
每股收益（稀释后）MQRGEN
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $-0.55 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $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 | $709.4M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $762.0M | $2.1B |
| 总资产 | $1.5B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MQRGEN
| Q4 25 | $709.4M | $767.6M | ||
| Q3 25 | $747.2M | $748.7M | ||
| Q2 25 | $732.7M | $708.9M | ||
| Q1 25 | $830.9M | $697.2M | ||
| Q4 24 | $923.0M | $757.4M | ||
| Q3 24 | $886.4M | $784.0M | ||
| Q2 24 | $924.7M | $809.1M | ||
| Q1 24 | $970.4M | $780.6M |
总债务MQRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MQRGEN
| Q4 25 | $762.0M | $2.1B | ||
| Q3 25 | $839.2M | $2.1B | ||
| Q2 25 | $843.4M | $2.1B | ||
| Q1 25 | $987.3M | $2.0B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.2B | $2.0B |
总资产MQRGEN
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.5B | $2.9B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.6B | $2.8B |
负债/权益比MQRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $53.3M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $53.2M | $17.6M |
| 自由现金流率自由现金流/营收 | 30.9% | 8.9% |
| 资本支出强度资本支出/营收 | 0.1% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $160.5M | $93.9M |
8季度趋势，按日历期对齐
经营现金流MQRGEN
| Q4 25 | $53.3M | $25.7M | ||
| Q3 25 | $86.8M | $48.1M | ||
| Q2 25 | $12.5M | $28.6M | ||
| Q1 25 | $10.0M | $15.0M | ||
| Q4 24 | $24.8M | $39.2M | ||
| Q3 24 | $7.3M | $49.3M | ||
| Q2 24 | $25.7M | $42.2M | ||
| Q1 24 | $426.0K | $44.7M |
自由现金流MQRGEN
| Q4 25 | $53.2M | $17.6M | ||
| Q3 25 | $86.4M | $43.4M | ||
| Q2 25 | $12.2M | $21.5M | ||
| Q1 25 | $8.7M | $11.4M | ||
| Q4 24 | $24.7M | $33.6M | ||
| Q3 24 | $7.1M | $42.3M | ||
| Q2 24 | $24.7M | $37.4M | ||
| Q1 24 | $-765.0K | $36.4M |
自由现金流率MQRGEN
| Q4 25 | 30.9% | 8.9% | ||
| Q3 25 | 52.9% | 23.0% | ||
| Q2 25 | 8.1% | 11.8% | ||
| Q1 25 | 6.3% | 6.8% | ||
| Q4 24 | 18.2% | 19.3% | ||
| Q3 24 | 5.5% | 27.3% | ||
| Q2 24 | 19.7% | 24.3% | ||
| Q1 24 | -0.6% | 24.0% |
资本支出强度MQRGEN
| Q4 25 | 0.1% | 4.1% | ||
| Q3 25 | 0.2% | 2.5% | ||
| Q2 25 | 0.2% | 3.9% | ||
| Q1 25 | 0.9% | 2.1% | ||
| Q4 24 | 0.0% | 3.2% | ||
| Q3 24 | 0.1% | 4.5% | ||
| Q2 24 | 0.8% | 3.1% | ||
| Q1 24 | 1.0% | 5.5% |
现金转化率MQRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.22× | 12.70× | ||
| Q1 24 | — | 21.35× |
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
MQ
| Platform Service Revenue Net | $163.4M | 95% |
| Other Services Revenue | $8.8M | 5% |
RGEN
暂无分部数据
