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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的1.5倍（$78.6M vs $53.8M），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP净利率更高（41.6% vs -178.3%，领先219.9%），Repay Holdings Corp同比增速更快（0.4% vs -52.7%），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP自由现金流更多（$105.1M vs $23.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -1.5%）
美国国家农村公用事业合作金融公司（CFC）是一家由成员所有的非盈利合作社，为美国农村电力合作网络提供金融产品。该公司成立于1969年，创立初衷是从资本市场筹集资金，补充美国农业部农村公用事业局面向电力合作社的贷款项目。
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。
NRUC vs RPAY — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $53.8M | $78.6M |
| 净利润 | $22.4M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 41.6% | -178.3% |
| 营收同比 | -52.7% | 0.4% |
| 净利润同比 | -74.0% | -3304.1% |
| 每股收益（稀释后） | — | $-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
| Q1 26 | $53.8M | — | ||
| Q4 25 | $59.0M | $78.6M | ||
| Q3 25 | $47.3M | $77.7M | ||
| Q2 25 | $66.9M | $75.6M | ||
| Q1 25 | $113.7M | $77.3M | ||
| Q4 24 | $182.0M | $78.3M | ||
| Q3 24 | $61.7M | $79.1M | ||
| Q2 24 | — | $74.9M |
| Q1 26 | $22.4M | — | ||
| Q4 25 | $19.6M | $-140.1M | ||
| Q3 25 | $4.8M | $-6.4M | ||
| Q2 25 | $73.1M | $-102.3M | ||
| Q1 25 | $86.0M | $-7.9M | ||
| Q4 24 | $144.4M | $-4.1M | ||
| Q3 24 | $-163.8M | $3.2M | ||
| Q2 24 | — | $-4.1M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% |
| Q1 26 | 41.6% | — | ||
| Q4 25 | 33.2% | -178.3% | ||
| Q3 25 | 10.1% | -8.3% | ||
| Q2 25 | 109.3% | -135.2% | ||
| Q1 25 | 75.6% | -10.3% | ||
| Q4 24 | 79.4% | -5.3% | ||
| Q3 24 | -265.7% | 4.1% | ||
| Q2 24 | — | -5.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-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 | $240.7M | $115.7M |
| 总债务越低越好 | $28.9B | $280.1M |
| 股东权益账面价值 | $3.1B | $484.4M |
| 总资产 | $39.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 9.40× | 0.58× |
8季度趋势，按日历期对齐
| Q1 26 | $240.7M | — | ||
| Q4 25 | $304.5M | $115.7M | ||
| Q3 25 | $257.1M | $95.7M | ||
| Q2 25 | $134.7M | $162.6M | ||
| Q1 25 | $245.4M | $165.5M | ||
| Q4 24 | $347.1M | $189.5M | ||
| Q3 24 | $264.7M | $168.7M | ||
| Q2 24 | — | $147.1M |
| Q1 26 | $28.9B | — | ||
| Q4 25 | $27.3B | $280.1M | ||
| Q3 25 | $27.9B | $279.5M | ||
| Q2 25 | $27.2B | $279.0M | ||
| Q1 25 | $27.5B | $497.6M | ||
| Q4 24 | $26.7B | $496.8M | ||
| Q3 24 | $26.3B | $496.2M | ||
| Q2 24 | — | $435.6M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $484.4M | ||
| Q3 25 | $3.0B | $616.9M | ||
| Q2 25 | $3.1B | $633.7M | ||
| Q1 25 | $3.0B | $755.7M | ||
| Q4 24 | $2.9B | $761.3M | ||
| Q3 24 | $2.8B | $754.7M | ||
| Q2 24 | — | $815.4M |
| Q1 26 | $39.9B | — | ||
| Q4 25 | $39.1B | $1.2B | ||
| Q3 25 | $38.8B | $1.3B | ||
| Q2 25 | $38.3B | $1.4B | ||
| Q1 25 | $37.8B | $1.5B | ||
| Q4 24 | $37.1B | $1.6B | ||
| Q3 24 | $36.5B | $1.6B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | 9.40× | — | ||
| Q4 25 | 8.95× | 0.58× | ||
| Q3 25 | 9.21× | 0.45× | ||
| Q2 25 | 8.81× | 0.44× | ||
| Q1 25 | 9.15× | 0.66× | ||
| Q4 24 | 9.14× | 0.65× | ||
| Q3 24 | 9.44× | 0.66× | ||
| Q2 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 | $105.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $105.1M | $23.2M |
| 自由现金流率自由现金流/营收 | 195.2% | 29.6% |
| 资本支出强度资本支出/营收 | 0.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.72× | — |
| 过去12个月自由现金流最近4个季度 | $428.2M | $90.7M |
8季度趋势，按日历期对齐
| Q1 26 | $105.6M | — | ||
| Q4 25 | $38.9M | $23.3M | ||
| Q3 25 | $82.3M | $32.2M | ||
| Q2 25 | $207.5M | $33.1M | ||
| Q1 25 | $150.3M | $2.5M | ||
| Q4 24 | $63.8M | $34.3M | ||
| Q3 24 | $36.7M | $60.1M | ||
| Q2 24 | — | $31.0M |
| Q1 26 | $105.1M | — | ||
| Q4 25 | $38.3M | $23.2M | ||
| Q3 25 | $82.0M | $32.1M | ||
| Q2 25 | $202.8M | $33.0M | ||
| Q1 25 | $149.0M | $2.4M | ||
| Q4 24 | $62.7M | $34.0M | ||
| Q3 24 | $35.4M | $59.8M | ||
| Q2 24 | — | $30.5M |
| Q1 26 | 195.2% | — | ||
| Q4 25 | 64.9% | 29.6% | ||
| Q3 25 | 173.4% | 41.3% | ||
| Q2 25 | 303.1% | 43.6% | ||
| Q1 25 | 131.0% | 3.0% | ||
| Q4 24 | 34.5% | 43.5% | ||
| Q3 24 | 57.5% | 75.6% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 7.0% | 0.1% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | 4.72× | — | ||
| Q4 25 | 1.99× | — | ||
| Q3 25 | 17.27× | — | ||
| Q2 25 | 2.84× | — | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 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
NRUC
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% |
