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Inotiv, Inc.（NOTV）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
Inotiv, Inc.的季度营收约是Repay Holdings Corp的1.5倍（$120.9M vs $78.6M），Inotiv, Inc.净利率更高（-23.5% vs -178.3%，领先154.8%），Inotiv, Inc.同比增速更快（0.8% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $-10.6M），过去两年Inotiv, Inc.的营收复合增速更高（0.8% vs -1.3%）
Inotiv公司是一家注册于美国印第安纳州的合同研究组织，总部位于该州拉斐特市。公司设有两大核心业务板块：发现与安全评估业务（DSA）以及研究模型与服务业务（RMS），可为小分子候选药物、生物治疗产品及生物医疗设备提供安全评估、分析、代谢研究、CMC及法规咨询等药物开发与环境科学相关服务。
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。
NOTV vs RPAY — 直观对比
营收规模更大
NOTV
是对方的1.5倍
$78.6M
营收增速更快
NOTV
高出0.4%
0.4%
净利率更高
NOTV
高出154.8%
-178.3%
自由现金流更多
RPAY
多$33.8M
$-10.6M
两年增速更快
NOTV
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $120.9M | $78.6M |
| 净利润 | $-28.4M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -13.5% | -182.2% |
| 净利率 | -23.5% | -178.3% |
| 营收同比 | 0.8% | 0.4% |
| 净利润同比 | -2.7% | -3304.1% |
| 每股收益（稀释后） | $-0.83 | $-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NOTVRPAY
| Q4 25 | $120.9M | $78.6M | ||
| Q3 25 | $138.1M | $77.7M | ||
| Q2 25 | $130.7M | $75.6M | ||
| Q1 25 | $124.3M | $77.3M | ||
| Q4 24 | $119.9M | $78.3M | ||
| Q3 24 | $130.4M | $79.1M | ||
| Q2 24 | $105.8M | $74.9M | ||
| Q1 24 | $119.0M | $80.7M |
净利润NOTVRPAY
| Q4 25 | $-28.4M | $-140.1M | ||
| Q3 25 | $-8.6M | $-6.4M | ||
| Q2 25 | $-17.6M | $-102.3M | ||
| Q1 25 | $-14.9M | $-7.9M | ||
| Q4 24 | $-27.6M | $-4.1M | ||
| Q3 24 | $-18.9M | $3.2M | ||
| Q2 24 | $-26.1M | $-4.1M | ||
| Q1 24 | $-48.1M | $-5.2M |
毛利率NOTVRPAY
| 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NOTVRPAY
| Q4 25 | -13.5% | -182.2% | ||
| Q3 25 | -4.9% | -3.9% | ||
| Q2 25 | -4.3% | -138.7% | ||
| Q1 25 | -2.4% | -4.7% | ||
| Q4 24 | -12.9% | -1.5% | ||
| Q3 24 | -10.1% | -0.9% | ||
| Q2 24 | -19.6% | -4.6% | ||
| Q1 24 | -36.2% | -3.1% |
净利率NOTVRPAY
| Q4 25 | -23.5% | -178.3% | ||
| Q3 25 | -6.2% | -8.3% | ||
| Q2 25 | -13.5% | -135.2% | ||
| Q1 25 | -12.0% | -10.3% | ||
| Q4 24 | -23.0% | -5.3% | ||
| Q3 24 | -14.5% | 4.1% | ||
| Q2 24 | -24.7% | -5.4% | ||
| Q1 24 | -40.4% | -6.5% |
每股收益（稀释后）NOTVRPAY
| Q4 25 | $-0.83 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.51 | $-1.15 | ||
| Q1 25 | $-0.44 | $-0.09 | ||
| Q4 24 | $-1.02 | $-0.04 | ||
| Q3 24 | $-0.73 | $0.03 | ||
| Q2 24 | $-1.00 | $-0.04 | ||
| Q1 24 | $-1.86 | $-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 | $12.7M | $115.7M |
| 总债务越低越好 | $405.8M | $280.1M |
| 股东权益账面价值 | $109.0M | $484.4M |
| 总资产 | $734.3M | $1.2B |
| 负债/权益比越低杠杆越低 | 3.72× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资NOTVRPAY
| Q4 25 | $12.7M | $115.7M | ||
| Q3 25 | $21.7M | $95.7M | ||
| Q2 25 | $6.2M | $162.6M | ||
| Q1 25 | $19.3M | $165.5M | ||
| Q4 24 | $38.0M | $189.5M | ||
| Q3 24 | $21.4M | $168.7M | ||
| Q2 24 | $14.4M | $147.1M | ||
| Q1 24 | $32.7M | $128.3M |
总债务NOTVRPAY
| Q4 25 | $405.8M | $280.1M | ||
| Q3 25 | $402.1M | $279.5M | ||
| Q2 25 | $396.5M | $279.0M | ||
| Q1 25 | $399.5M | $497.6M | ||
| Q4 24 | $396.0M | $496.8M | ||
| Q3 24 | $393.3M | $496.2M | ||
| Q2 24 | $382.4M | $435.6M | ||
| Q1 24 | $380.6M | $434.9M |
股东权益NOTVRPAY
| Q4 25 | $109.0M | $484.4M | ||
| Q3 25 | $136.0M | $616.9M | ||
| Q2 25 | $143.8M | $633.7M | ||
| Q1 25 | $157.7M | $755.7M | ||
| Q4 24 | $169.8M | $761.3M | ||
| Q3 24 | $170.5M | $754.7M | ||
| Q2 24 | $182.1M | $815.4M | ||
| Q1 24 | $207.2M | $813.8M |
总资产NOTVRPAY
| Q4 25 | $734.3M | $1.2B | ||
| Q3 25 | $771.1M | $1.3B | ||
| Q2 25 | $759.7M | $1.4B | ||
| Q1 25 | $766.0M | $1.5B | ||
| Q4 24 | $772.9M | $1.6B | ||
| Q3 24 | $781.4M | $1.6B | ||
| Q2 24 | $774.6M | $1.5B | ||
| Q1 24 | $815.4M | $1.5B |
负债/权益比NOTVRPAY
| Q4 25 | 3.72× | 0.58× | ||
| Q3 25 | 2.96× | 0.45× | ||
| Q2 25 | 2.76× | 0.44× | ||
| Q1 25 | 2.53× | 0.66× | ||
| Q4 24 | 2.33× | 0.65× | ||
| Q3 24 | 2.31× | 0.66× | ||
| Q2 24 | 2.10× | 0.53× | ||
| Q1 24 | 1.84× | 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 | $-10.6M | $23.2M |
| 自由现金流率自由现金流/营收 | -8.8% | 29.6% |
| 资本支出强度资本支出/营收 | 4.3% | 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 | $-28.7M | $90.7M |
8季度趋势，按日历期对齐
经营现金流NOTVRPAY
| Q4 25 | $-5.4M | $23.3M | ||
| Q3 25 | $14.3M | $32.2M | ||
| Q2 25 | $-7.4M | $33.1M | ||
| Q1 25 | $-12.8M | $2.5M | ||
| Q4 24 | $-4.5M | $34.3M | ||
| Q3 24 | $-2.4M | $60.1M | ||
| Q2 24 | $-14.8M | $31.0M | ||
| Q1 24 | $16.9M | $24.8M |
自由现金流NOTVRPAY
| Q4 25 | $-10.6M | $23.2M | ||
| Q3 25 | $11.6M | $32.1M | ||
| Q2 25 | $-11.5M | $33.0M | ||
| Q1 25 | $-18.3M | $2.4M | ||
| Q4 24 | $-9.0M | $34.0M | ||
| Q3 24 | $-7.7M | $59.8M | ||
| Q2 24 | $-19.2M | $30.5M | ||
| Q1 24 | $9.9M | $24.7M |
自由现金流率NOTVRPAY
| Q4 25 | -8.8% | 29.6% | ||
| Q3 25 | 8.4% | 41.3% | ||
| Q2 25 | -8.8% | 43.6% | ||
| Q1 25 | -14.7% | 3.0% | ||
| Q4 24 | -7.5% | 43.5% | ||
| Q3 24 | -5.9% | 75.6% | ||
| Q2 24 | -18.2% | 40.7% | ||
| Q1 24 | 8.3% | 30.6% |
资本支出强度NOTVRPAY
| Q4 25 | 4.3% | 0.1% | ||
| Q3 25 | 1.9% | 0.2% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | 4.4% | 0.2% | ||
| Q4 24 | 3.7% | 0.3% | ||
| Q3 24 | 4.1% | 0.3% | ||
| Q2 24 | 4.2% | 0.6% | ||
| Q1 24 | 5.9% | 0.1% |
现金转化率NOTVRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
NOTV
| Research Models And Services Segment | $72.9M | 60% |
| Discovery And Safety Assessment Segment | $48.0M | 40% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
