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N-able, Inc.（NABL）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
N-able, Inc.的季度营收约是Repay Holdings Corp的1.7倍（$130.3M vs $78.6M），N-able, Inc.同比增速更快（11.8% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $20.9M），过去两年N-able, Inc.的营收复合增速更高（7.0% vs -1.3%）
Able UK是一家英国工业服务企业，主打船舶与海上设施的退役拆解业务，深耕该领域多年，具备大型工业设施拆除作业的专业能力与丰富经验，在英国相关工业服务市场占据一席之地。
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。
NABL vs RPAY — 直观对比
营收规模更大
NABL
是对方的1.7倍
$78.6M
营收增速更快
NABL
高出11.4%
0.4%
自由现金流更多
RPAY
多$2.4M
$20.9M
两年增速更快
NABL
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $130.3M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 76.2% | 74.2% |
| 营业利润率 | 10.2% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 11.8% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $-0.04 | $-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NABLRPAY
| Q4 25 | $130.3M | $78.6M | ||
| Q3 25 | $131.7M | $77.7M | ||
| Q2 25 | $131.2M | $75.6M | ||
| Q1 25 | $118.2M | $77.3M | ||
| Q4 24 | $116.5M | $78.3M | ||
| Q3 24 | $116.4M | $79.1M | ||
| Q2 24 | $119.4M | $74.9M | ||
| Q1 24 | $113.7M | $80.7M |
净利润NABLRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $1.4M | $-6.4M | ||
| Q2 25 | $-4.0M | $-102.3M | ||
| Q1 25 | $-7.2M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $10.8M | $3.2M | ||
| Q2 24 | $9.5M | $-4.1M | ||
| Q1 24 | $7.5M | $-5.2M |
毛利率NABLRPAY
| Q4 25 | 76.2% | 74.2% | ||
| Q3 25 | 77.5% | 74.4% | ||
| Q2 25 | 78.1% | 75.7% | ||
| Q1 25 | 76.6% | 75.9% | ||
| Q4 24 | 80.0% | 76.3% | ||
| Q3 24 | 82.9% | 77.8% | ||
| Q2 24 | 84.0% | 78.2% | ||
| Q1 24 | 83.9% | 76.2% |
营业利润率NABLRPAY
| Q4 25 | 10.2% | -182.2% | ||
| Q3 25 | 8.8% | -3.9% | ||
| Q2 25 | 7.7% | -138.7% | ||
| Q1 25 | 1.5% | -4.7% | ||
| Q4 24 | 13.7% | -1.5% | ||
| Q3 24 | 20.5% | -0.9% | ||
| Q2 24 | 18.4% | -4.6% | ||
| Q1 24 | 18.0% | -3.1% |
净利率NABLRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 1.1% | -8.3% | ||
| Q2 25 | -3.1% | -135.2% | ||
| Q1 25 | -6.1% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 9.2% | 4.1% | ||
| Q2 24 | 7.9% | -5.4% | ||
| Q1 24 | 6.6% | -6.5% |
每股收益（稀释后）NABLRPAY
| Q4 25 | $-0.04 | $-1.68 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $-0.02 | $-1.15 | ||
| Q1 25 | $-0.04 | $-0.09 | ||
| Q4 24 | $0.01 | $-0.04 | ||
| Q3 24 | $0.06 | $0.03 | ||
| Q2 24 | $0.05 | $-0.04 | ||
| Q1 24 | $0.04 | $-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 | $111.8M | $115.7M |
| 总债务越低越好 | $393.9M | $280.1M |
| 股东权益账面价值 | $804.7M | $484.4M |
| 总资产 | $1.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资NABLRPAY
| Q4 25 | $111.8M | $115.7M | ||
| Q3 25 | $101.4M | $95.7M | ||
| Q2 25 | $93.9M | $162.6M | ||
| Q1 25 | $94.1M | $165.5M | ||
| Q4 24 | $85.2M | $189.5M | ||
| Q3 24 | $174.4M | $168.7M | ||
| Q2 24 | $157.5M | $147.1M | ||
| Q1 24 | $139.2M | $128.3M |
总债务NABLRPAY
| Q4 25 | $393.9M | $280.1M | ||
| Q3 25 | $331.7M | $279.5M | ||
| Q2 25 | $332.1M | $279.0M | ||
| Q1 25 | $332.6M | $497.6M | ||
| Q4 24 | $333.1M | $496.8M | ||
| Q3 24 | $333.6M | $496.2M | ||
| Q2 24 | $334.1M | $435.6M | ||
| Q1 24 | $334.5M | $434.9M |
股东权益NABLRPAY
| Q4 25 | $804.7M | $484.4M | ||
| Q3 25 | $813.4M | $616.9M | ||
| Q2 25 | $809.4M | $633.7M | ||
| Q1 25 | $775.1M | $755.7M | ||
| Q4 24 | $759.3M | $761.3M | ||
| Q3 24 | $765.0M | $754.7M | ||
| Q2 24 | $724.4M | $815.4M | ||
| Q1 24 | $709.1M | $813.8M |
总资产NABLRPAY
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
负债/权益比NABLRPAY
| Q4 25 | 0.49× | 0.58× | ||
| Q3 25 | 0.41× | 0.45× | ||
| Q2 25 | 0.41× | 0.44× | ||
| Q1 25 | 0.43× | 0.66× | ||
| Q4 24 | 0.44× | 0.65× | ||
| Q3 24 | 0.44× | 0.66× | ||
| Q2 24 | 0.46× | 0.53× | ||
| Q1 24 | 0.47× | 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 | $25.3M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $23.2M |
| 自由现金流率自由现金流/营收 | 16.0% | 29.6% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $75.1M | $90.7M |
8季度趋势，按日历期对齐
经营现金流NABLRPAY
| Q4 25 | $25.3M | $23.3M | ||
| Q3 25 | $24.0M | $32.2M | ||
| Q2 25 | $24.2M | $33.1M | ||
| Q1 25 | $19.7M | $2.5M | ||
| Q4 24 | $26.0M | $34.3M | ||
| Q3 24 | $22.0M | $60.1M | ||
| Q2 24 | $27.3M | $31.0M | ||
| Q1 24 | $4.2M | $24.8M |
自由现金流NABLRPAY
| Q4 25 | $20.9M | $23.2M | ||
| Q3 25 | $17.4M | $32.1M | ||
| Q2 25 | $20.4M | $33.0M | ||
| Q1 25 | $16.4M | $2.4M | ||
| Q4 24 | $18.8M | $34.0M | ||
| Q3 24 | $18.2M | $59.8M | ||
| Q2 24 | $24.0M | $30.5M | ||
| Q1 24 | $746.0K | $24.7M |
自由现金流率NABLRPAY
| Q4 25 | 16.0% | 29.6% | ||
| Q3 25 | 13.2% | 41.3% | ||
| Q2 25 | 15.5% | 43.6% | ||
| Q1 25 | 13.9% | 3.0% | ||
| Q4 24 | 16.2% | 43.5% | ||
| Q3 24 | 15.7% | 75.6% | ||
| Q2 24 | 20.1% | 40.7% | ||
| Q1 24 | 0.7% | 30.6% |
资本支出强度NABLRPAY
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 5.0% | 0.2% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 2.8% | 0.2% | ||
| Q4 24 | 6.1% | 0.3% | ||
| Q3 24 | 3.2% | 0.3% | ||
| Q2 24 | 2.7% | 0.6% | ||
| Q1 24 | 3.0% | 0.1% |
现金转化率NABLRPAY
| Q4 25 | — | — | ||
| Q3 25 | 17.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | 18.52× | ||
| Q2 24 | 2.89× | — | ||
| Q1 24 | 0.56× | — |
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
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
