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NAVIENT CORP（NAVI）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
NAVIENT CORP的季度营收约是Repay Holdings Corp的1.7倍（$137.0M vs $78.6M），NAVIENT CORP净利率更高（-5.0% vs -178.3%，领先173.3%），Repay Holdings Corp同比增速更快（0.4% vs -38.3%），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -30.9%）
纳文特公司是一家总部位于美国特拉华州威尔明顿的金融服务企业，前身是学生贷款服务商。公司于2014年由学生贷款机构萨利美拆分而来，目前在美国各地设有办事处，共有约4500名员工，2018年时曾承接全美四分之一的学生贷款业务，2024年被禁止承接联邦学生贷款业务。
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。
NAVI vs RPAY — 直观对比
营收规模更大
NAVI
是对方的1.7倍
$78.6M
营收增速更快
RPAY
高出38.7%
-38.3%
净利率更高
NAVI
高出173.3%
-178.3%
两年增速更快
RPAY
近两年复合增速
-30.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $137.0M | $78.6M |
| 净利润 | $-6.0M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -5.9% | -182.2% |
| 净利率 | -5.0% | -178.3% |
| 营收同比 | -38.3% | 0.4% |
| 净利润同比 | -125.0% | -3304.1% |
| 每股收益（稀释后） | $-0.05 | $-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NAVIRPAY
| Q4 25 | $137.0M | $78.6M | ||
| Q3 25 | $161.0M | $77.7M | ||
| Q2 25 | $156.0M | $75.6M | ||
| Q1 25 | $156.0M | $77.3M | ||
| Q4 24 | $222.0M | $78.3M | ||
| Q3 24 | $396.0M | $79.1M | ||
| Q2 24 | $247.0M | $74.9M | ||
| Q1 24 | $287.0M | $80.7M |
净利润NAVIRPAY
| Q4 25 | $-6.0M | $-140.1M | ||
| Q3 25 | $-86.0M | $-6.4M | ||
| Q2 25 | $14.0M | $-102.3M | ||
| Q1 25 | $-2.0M | $-7.9M | ||
| Q4 24 | $24.0M | $-4.1M | ||
| Q3 24 | $-2.0M | $3.2M | ||
| Q2 24 | $36.0M | $-4.1M | ||
| Q1 24 | $73.0M | $-5.2M |
毛利率NAVIRPAY
| 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NAVIRPAY
| Q4 25 | -5.9% | -182.2% | ||
| Q3 25 | -72.7% | -3.9% | ||
| Q2 25 | 11.5% | -138.7% | ||
| Q1 25 | -3.2% | -4.7% | ||
| Q4 24 | 11.7% | -1.5% | ||
| Q3 24 | 3.0% | -0.9% | ||
| Q2 24 | 19.4% | -4.6% | ||
| Q1 24 | 30.7% | -3.1% |
净利率NAVIRPAY
| Q4 25 | -5.0% | -178.3% | ||
| Q3 25 | -53.4% | -8.3% | ||
| Q2 25 | 9.0% | -135.2% | ||
| Q1 25 | -1.3% | -10.3% | ||
| Q4 24 | 10.8% | -5.3% | ||
| Q3 24 | -0.5% | 4.1% | ||
| Q2 24 | 14.6% | -5.4% | ||
| Q1 24 | 25.4% | -6.5% |
每股收益（稀释后）NAVIRPAY
| Q4 25 | $-0.05 | $-1.68 | ||
| Q3 25 | $-0.87 | $-0.08 | ||
| Q2 25 | $0.13 | $-1.15 | ||
| Q1 25 | $-0.02 | $-0.09 | ||
| Q4 24 | $0.24 | $-0.04 | ||
| Q3 24 | $-0.02 | $0.03 | ||
| Q2 24 | $0.32 | $-0.04 | ||
| Q1 24 | $0.64 | $-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 | $637.0M | $115.7M |
| 总债务越低越好 | $40.6B | $280.1M |
| 股东权益账面价值 | $2.4B | $484.4M |
| 总资产 | $48.7B | $1.2B |
| 负债/权益比越低杠杆越低 | 16.94× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资NAVIRPAY
| Q4 25 | $637.0M | $115.7M | ||
| Q3 25 | $571.0M | $95.7M | ||
| Q2 25 | $712.0M | $162.6M | ||
| Q1 25 | $642.0M | $165.5M | ||
| Q4 24 | $722.0M | $189.5M | ||
| Q3 24 | $1.1B | $168.7M | ||
| Q2 24 | $1.1B | $147.1M | ||
| Q1 24 | $823.0M | $128.3M |
总债务NAVIRPAY
| Q4 25 | $40.6B | $280.1M | ||
| Q3 25 | $41.4B | $279.5M | ||
| Q2 25 | $42.3B | $279.0M | ||
| Q1 25 | $42.9B | $497.6M | ||
| Q4 24 | $43.2B | $496.8M | ||
| Q3 24 | $44.7B | $496.2M | ||
| Q2 24 | $47.5B | $435.6M | ||
| Q1 24 | $50.8B | $434.9M |
股东权益NAVIRPAY
| Q4 25 | $2.4B | $484.4M | ||
| Q3 25 | $2.4B | $616.9M | ||
| Q2 25 | $2.6B | $633.7M | ||
| Q1 25 | $2.6B | $755.7M | ||
| Q4 24 | $2.6B | $761.3M | ||
| Q3 24 | $2.7B | $754.7M | ||
| Q2 24 | $2.7B | $815.4M | ||
| Q1 24 | $2.8B | $813.8M |
总资产NAVIRPAY
| Q4 25 | $48.7B | $1.2B | ||
| Q3 25 | $49.3B | $1.3B | ||
| Q2 25 | $50.2B | $1.4B | ||
| Q1 25 | $51.0B | $1.5B | ||
| Q4 24 | $51.8B | $1.6B | ||
| Q3 24 | $53.4B | $1.6B | ||
| Q2 24 | $56.6B | $1.5B | ||
| Q1 24 | $59.0B | $1.5B |
负债/权益比NAVIRPAY
| Q4 25 | 16.94× | 0.58× | ||
| Q3 25 | 16.98× | 0.45× | ||
| Q2 25 | 16.52× | 0.44× | ||
| Q1 25 | 16.56× | 0.66× | ||
| Q4 24 | 16.35× | 0.65× | ||
| Q3 24 | 16.59× | 0.66× | ||
| Q2 24 | 17.30× | 0.53× | ||
| Q1 24 | 18.38× | 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 | $441.0M | $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NAVIRPAY
| Q4 25 | $441.0M | $23.3M | ||
| Q3 25 | $70.0M | $32.2M | ||
| Q2 25 | $126.0M | $33.1M | ||
| Q1 25 | $71.0M | $2.5M | ||
| Q4 24 | $459.0M | $34.3M | ||
| Q3 24 | $-10.0M | $60.1M | ||
| Q2 24 | $279.0M | $31.0M | ||
| Q1 24 | $182.0M | $24.8M |
自由现金流NAVIRPAY
| 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NAVIRPAY
| 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NAVIRPAY
| 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NAVIRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 9.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.13× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 7.75× | — | ||
| Q1 24 | 2.49× | — |
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
NAVI
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% |
