vs
National Bank Holdings Corp（NBHC）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
National Bank Holdings Corp的季度营收约是Repay Holdings Corp的1.6倍（$126.8M vs $78.6M），National Bank Holdings Corp净利率更高（16.4% vs -178.3%，领先194.7%），过去两年National Bank Holdings Corp的营收复合增速更高（14.0% vs -1.3%）
这是一家美国区域性银行控股集团，目前在伊利诺伊、印第安纳等八个美国州布局营业网点，拥有近250个金融服务中心与约200家零售分行，总资产达485亿美元。它是总部位于印第安纳州的最大银行控股公司，也跻身美国银行业三十强之列。
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。
NBHC vs RPAY — 直观对比
营收规模更大
NBHC
是对方的1.6倍
$78.6M
净利率更高
NBHC
高出194.7%
-178.3%
两年增速更快
NBHC
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.8M | $78.6M |
| 净利润 | $20.8M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 16.4% | -178.3% |
| 营收同比 | — | 0.4% |
| 净利润同比 | -14.2% | -3304.1% |
| 每股收益（稀释后） | $0.46 | $-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NBHCRPAY
| Q1 26 | $126.8M | — | ||
| Q4 25 | $100.6M | $78.6M | ||
| Q3 25 | $108.9M | $77.7M | ||
| Q2 25 | $104.5M | $75.6M | ||
| Q1 25 | $102.1M | $77.3M | ||
| Q4 24 | $101.3M | $78.3M | ||
| Q3 24 | $106.0M | $79.1M | ||
| Q2 24 | $97.6M | $74.9M |
净利润NBHCRPAY
| Q1 26 | $20.8M | — | ||
| Q4 25 | $16.0M | $-140.1M | ||
| Q3 25 | $35.3M | $-6.4M | ||
| Q2 25 | $34.0M | $-102.3M | ||
| Q1 25 | $24.2M | $-7.9M | ||
| Q4 24 | $28.2M | $-4.1M | ||
| Q3 24 | $33.1M | $3.2M | ||
| Q2 24 | $26.1M | $-4.1M |
毛利率NBHCRPAY
| Q1 26 | — | — | ||
| 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% |
营业利润率NBHCRPAY
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | -182.2% | ||
| Q3 25 | 39.6% | -3.9% | ||
| Q2 25 | 39.8% | -138.7% | ||
| Q1 25 | 29.2% | -4.7% | ||
| Q4 24 | 34.3% | -1.5% | ||
| Q3 24 | 37.6% | -0.9% | ||
| Q2 24 | 32.5% | -4.6% |
净利率NBHCRPAY
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.9% | -178.3% | ||
| Q3 25 | 32.4% | -8.3% | ||
| Q2 25 | 32.6% | -135.2% | ||
| Q1 25 | 23.7% | -10.3% | ||
| Q4 24 | 27.8% | -5.3% | ||
| Q3 24 | 31.2% | 4.1% | ||
| Q2 24 | 26.8% | -5.4% |
每股收益（稀释后）NBHCRPAY
| Q1 26 | $0.46 | — | ||
| Q4 25 | $0.42 | $-1.68 | ||
| Q3 25 | $0.92 | $-0.08 | ||
| Q2 25 | $0.88 | $-1.15 | ||
| Q1 25 | $0.63 | $-0.09 | ||
| Q4 24 | $0.72 | $-0.04 | ||
| Q3 24 | $0.86 | $0.03 | ||
| Q2 24 | $0.68 | $-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 | $472.8M | $115.7M |
| 总债务越低越好 | $202.1M | $280.1M |
| 股东权益账面价值 | $1.7B | $484.4M |
| 总资产 | $12.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资NBHCRPAY
| Q1 26 | $472.8M | — | ||
| Q4 25 | $417.1M | $115.7M | ||
| Q3 25 | $555.6M | $95.7M | ||
| Q2 25 | $296.5M | $162.6M | ||
| Q1 25 | $246.3M | $165.5M | ||
| Q4 24 | $127.8M | $189.5M | ||
| Q3 24 | $180.8M | $168.7M | ||
| Q2 24 | $145.0M | $147.1M |
总债务NBHCRPAY
| Q1 26 | $202.1M | — | ||
| Q4 25 | $54.5M | $280.1M | ||
| Q3 25 | $54.7M | $279.5M | ||
| Q2 25 | $54.4M | $279.0M | ||
| Q1 25 | $54.6M | $497.6M | ||
| Q4 24 | $54.5M | $496.8M | ||
| Q3 24 | $54.4M | $496.2M | ||
| Q2 24 | $54.4M | $435.6M |
股东权益NBHCRPAY
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.4B | $484.4M | ||
| Q3 25 | $1.4B | $616.9M | ||
| Q2 25 | $1.4B | $633.7M | ||
| Q1 25 | $1.3B | $755.7M | ||
| Q4 24 | $1.3B | $761.3M | ||
| Q3 24 | $1.3B | $754.7M | ||
| Q2 24 | $1.2B | $815.4M |
总资产NBHCRPAY
| Q1 26 | $12.6B | — | ||
| Q4 25 | $9.9B | $1.2B | ||
| Q3 25 | $10.2B | $1.3B | ||
| Q2 25 | $10.0B | $1.4B | ||
| Q1 25 | $10.1B | $1.5B | ||
| Q4 24 | $9.8B | $1.6B | ||
| Q3 24 | $10.0B | $1.6B | ||
| Q2 24 | $10.0B | $1.5B |
负债/权益比NBHCRPAY
| Q1 26 | 0.12× | — | ||
| Q4 25 | 0.04× | 0.58× | ||
| Q3 25 | 0.04× | 0.45× | ||
| Q2 25 | 0.04× | 0.44× | ||
| Q1 25 | 0.04× | 0.66× | ||
| Q4 24 | 0.04× | 0.65× | ||
| Q3 24 | 0.04× | 0.66× | ||
| Q2 24 | 0.04× | 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 | — | $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NBHCRPAY
| Q1 26 | — | — | ||
| Q4 25 | $162.4M | $23.3M | ||
| Q3 25 | $52.4M | $32.2M | ||
| Q2 25 | $32.3M | $33.1M | ||
| Q1 25 | $39.6M | $2.5M | ||
| Q4 24 | $155.3M | $34.3M | ||
| Q3 24 | $47.0M | $60.1M | ||
| Q2 24 | $31.9M | $31.0M |
自由现金流NBHCRPAY
| Q1 26 | — | — | ||
| 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 |
自由现金流率NBHCRPAY
| Q1 26 | — | — | ||
| 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% |
资本支出强度NBHCRPAY
| Q1 26 | — | — | ||
| 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% |
现金转化率NBHCRPAY
| Q1 26 | — | — | ||
| Q4 25 | 10.13× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.42× | 18.52× | ||
| Q2 24 | 1.22× | — |
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
NBHC
| Net Interest Income | $108.8M | 86% |
| Noninterest Income | $18.0M | 14% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
