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美格纳半导体（MX）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的季度营收约是美格纳半导体的1.9倍（$78.6M vs $40.6M），美格纳半导体净利率更高（-19.9% vs -178.3%，领先158.4%），Repay Holdings Corp同比增速更快（0.4% vs -20.7%），Repay Holdings Corp自由现金流更多（$23.2M vs $-4.8M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -3.4%）
美格纳半导体是一家全球化半导体设计制造企业，核心产品涵盖显示驱动芯片、电源管理芯片及传感器解决方案，广泛服务消费电子、汽车、工业、通信等领域的全球头部客户。
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。
MX vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.9倍
$40.6M
营收增速更快
RPAY
高出21.1%
-20.7%
净利率更高
MX
高出158.4%
-178.3%
自由现金流更多
RPAY
多$28.1M
$-4.8M
两年增速更快
RPAY
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.6M | $78.6M |
| 净利润 | $-8.1M | $-140.1M |
| 毛利率 | 9.3% | 74.2% |
| 营业利润率 | -26.1% | -182.2% |
| 净利率 | -19.9% | -178.3% |
| 营收同比 | -20.7% | 0.4% |
| 净利润同比 | 50.4% | -3304.1% |
| 每股收益（稀释后） | $-0.23 | $-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MXRPAY
| Q4 25 | $40.6M | $78.6M | ||
| Q3 25 | $45.9M | $77.7M | ||
| Q2 25 | $47.6M | $75.6M | ||
| Q1 25 | $44.7M | $77.3M | ||
| Q4 24 | $51.2M | $78.3M | ||
| Q3 24 | $55.4M | $79.1M | ||
| Q2 24 | $46.4M | $74.9M | ||
| Q1 24 | $43.4M | $80.7M |
净利润MXRPAY
| Q4 25 | $-8.1M | $-140.1M | ||
| Q3 25 | $-13.1M | $-6.4M | ||
| Q2 25 | $323.0K | $-102.3M | ||
| Q1 25 | $-8.9M | $-7.9M | ||
| Q4 24 | $-16.3M | $-4.1M | ||
| Q3 24 | $-9.6M | $3.2M | ||
| Q2 24 | $-13.0M | $-4.1M | ||
| Q1 24 | $-15.4M | $-5.2M |
毛利率MXRPAY
| Q4 25 | 9.3% | 74.2% | ||
| Q3 25 | 18.6% | 74.4% | ||
| Q2 25 | 20.4% | 75.7% | ||
| Q1 25 | 20.9% | 75.9% | ||
| Q4 24 | 21.7% | 76.3% | ||
| Q3 24 | 20.8% | 77.8% | ||
| Q2 24 | 21.1% | 78.2% | ||
| Q1 24 | 14.6% | 76.2% |
营业利润率MXRPAY
| Q4 25 | -26.1% | -182.2% | ||
| Q3 25 | -25.1% | -3.9% | ||
| Q2 25 | -15.6% | -138.7% | ||
| Q1 25 | -14.1% | -4.7% | ||
| Q4 24 | -12.5% | -1.5% | ||
| Q3 24 | -8.1% | -0.9% | ||
| Q2 24 | -12.3% | -4.6% | ||
| Q1 24 | -21.6% | -3.1% |
净利率MXRPAY
| Q4 25 | -19.9% | -178.3% | ||
| Q3 25 | -28.5% | -8.3% | ||
| Q2 25 | 0.7% | -135.2% | ||
| Q1 25 | -19.9% | -10.3% | ||
| Q4 24 | -31.8% | -5.3% | ||
| Q3 24 | -17.3% | 4.1% | ||
| Q2 24 | -28.0% | -5.4% | ||
| Q1 24 | -35.5% | -6.5% |
每股收益（稀释后）MXRPAY
| Q4 25 | $-0.23 | $-1.68 | ||
| Q3 25 | $-0.36 | $-0.08 | ||
| Q2 25 | $0.01 | $-1.15 | ||
| Q1 25 | $-0.24 | $-0.09 | ||
| Q4 24 | $-0.44 | $-0.04 | ||
| Q3 24 | $-0.26 | $0.03 | ||
| Q2 24 | $-0.34 | $-0.04 | ||
| Q1 24 | $-0.40 | $-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 | $103.8M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $248.3M | $484.4M |
| 总资产 | $351.5M | $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MXRPAY
| Q4 25 | $103.8M | $115.7M | ||
| Q3 25 | $108.0M | $95.7M | ||
| Q2 25 | $113.3M | $162.6M | ||
| Q1 25 | $132.7M | $165.5M | ||
| Q4 24 | $138.6M | $189.5M | ||
| Q3 24 | $151.1M | $168.7M | ||
| Q2 24 | $162.5M | $147.1M | ||
| Q1 24 | $171.6M | $128.3M |
总债务MXRPAY
| 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MXRPAY
| Q4 25 | $248.3M | $484.4M | ||
| Q3 25 | $255.3M | $616.9M | ||
| Q2 25 | $270.2M | $633.7M | ||
| Q1 25 | $269.2M | $755.7M | ||
| Q4 24 | $276.8M | $761.3M | ||
| Q3 24 | $299.6M | $754.7M | ||
| Q2 24 | $305.8M | $815.4M | ||
| Q1 24 | $321.9M | $813.8M |
总资产MXRPAY
| Q4 25 | $351.5M | $1.2B | ||
| Q3 25 | $359.6M | $1.3B | ||
| Q2 25 | $370.5M | $1.4B | ||
| Q1 25 | $373.9M | $1.5B | ||
| Q4 24 | $379.3M | $1.6B | ||
| Q3 24 | $411.4M | $1.6B | ||
| Q2 24 | $412.7M | $1.5B | ||
| Q1 24 | $426.2M | $1.5B |
负债/权益比MXRPAY
| 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 | $5.4M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $23.2M |
| 自由现金流率自由现金流/营收 | -11.9% | 29.6% |
| 资本支出强度资本支出/营收 | 25.3% | 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 | $-54.2M | $90.7M |
8季度趋势，按日历期对齐
经营现金流MXRPAY
| Q4 25 | $5.4M | $23.3M | ||
| Q3 25 | $162.0K | $32.2M | ||
| Q2 25 | $-25.1M | $33.1M | ||
| Q1 25 | $-4.7M | $2.5M | ||
| Q4 24 | $11.9M | $34.3M | ||
| Q3 24 | $-12.9M | $60.1M | ||
| Q2 24 | $-1.1M | $31.0M | ||
| Q1 24 | $-4.0M | $24.8M |
自由现金流MXRPAY
| Q4 25 | $-4.8M | $23.2M | ||
| Q3 25 | $-7.5M | $32.1M | ||
| Q2 25 | $-37.0M | $33.0M | ||
| Q1 25 | $-4.9M | $2.4M | ||
| Q4 24 | $4.4M | $34.0M | ||
| Q3 24 | $-15.5M | $59.8M | ||
| Q2 24 | $-2.0M | $30.5M | ||
| Q1 24 | $-4.6M | $24.7M |
自由现金流率MXRPAY
| Q4 25 | -11.9% | 29.6% | ||
| Q3 25 | -16.3% | 41.3% | ||
| Q2 25 | -77.7% | 43.6% | ||
| Q1 25 | -10.9% | 3.0% | ||
| Q4 24 | 8.7% | 43.5% | ||
| Q3 24 | -28.0% | 75.6% | ||
| Q2 24 | -4.3% | 40.7% | ||
| Q1 24 | -10.7% | 30.6% |
资本支出强度MXRPAY
| Q4 25 | 25.3% | 0.1% | ||
| Q3 25 | 16.7% | 0.2% | ||
| Q2 25 | 24.9% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 14.5% | 0.3% | ||
| Q3 24 | 4.7% | 0.3% | ||
| Q2 24 | 1.9% | 0.6% | ||
| Q1 24 | 1.5% | 0.1% |
现金转化率MXRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -77.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
MX
| Power Analog Solutions | $36.8M | 91% |
| Power Ic | $3.8M | 9% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
