vs
合众银行（OSBC）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
合众银行的季度营收约是Repay Holdings Corp的1.2倍（$93.8M vs $78.6M），合众银行净利率更高（27.3% vs -178.3%，领先205.6%），过去两年合众银行的营收复合增速更高（15.1% vs -1.3%）
合众银行是一家总部位于美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构。截至2025年，它是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，主营银行、投资、抵押等金融服务。
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。
OSBC vs RPAY — 直观对比
营收规模更大
OSBC
是对方的1.2倍
$78.6M
净利率更高
OSBC
高出205.6%
-178.3%
两年增速更快
OSBC
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.8M | $78.6M |
| 净利润 | $25.6M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | — | -182.2% |
| 净利率 | 27.3% | -178.3% |
| 营收同比 | — | 0.4% |
| 净利润同比 | 159.2% | -3304.1% |
| 每股收益（稀释后） | $0.48 | $-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OSBCRPAY
| Q1 26 | $93.8M | — | ||
| Q4 25 | $95.2M | $78.6M | ||
| Q3 25 | $95.9M | $77.7M | ||
| Q2 25 | $75.1M | $75.6M | ||
| Q1 25 | $73.1M | $77.3M | ||
| Q4 24 | $73.2M | $78.3M | ||
| Q3 24 | $71.2M | $79.1M | ||
| Q2 24 | $70.8M | $74.9M |
净利润OSBCRPAY
| Q1 26 | $25.6M | — | ||
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $9.9M | $-6.4M | ||
| Q2 25 | $21.8M | $-102.3M | ||
| Q1 25 | $19.8M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $23.0M | $3.2M | ||
| Q2 24 | $21.9M | $-4.1M |
毛利率OSBCRPAY
| 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OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | 41.2% | -182.2% | ||
| Q3 25 | 13.6% | -3.9% | ||
| Q2 25 | 38.9% | -138.7% | ||
| Q1 25 | 35.8% | -4.7% | ||
| Q4 24 | 34.7% | -1.5% | ||
| Q3 24 | 41.9% | -0.9% | ||
| Q2 24 | 41.2% | -4.6% |
净利率OSBCRPAY
| Q1 26 | 27.3% | — | ||
| Q4 25 | — | -178.3% | ||
| Q3 25 | 10.3% | -8.3% | ||
| Q2 25 | 29.0% | -135.2% | ||
| Q1 25 | 27.1% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 32.3% | 4.1% | ||
| Q2 24 | 30.9% | -5.4% |
每股收益（稀释后）OSBCRPAY
| Q1 26 | $0.48 | — | ||
| Q4 25 | $0.53 | $-1.68 | ||
| Q3 25 | $0.18 | $-0.08 | ||
| Q2 25 | $0.48 | $-1.15 | ||
| Q1 25 | $0.43 | $-0.09 | ||
| Q4 24 | $0.42 | $-0.04 | ||
| Q3 24 | $0.50 | $0.03 | ||
| Q2 24 | $0.48 | $-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 | $115.7M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $893.3M | $484.4M |
| 总资产 | $6.8B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资OSBCRPAY
| Q1 26 | $115.7M | — | ||
| Q4 25 | $124.0M | $115.7M | ||
| Q3 25 | $116.5M | $95.7M | ||
| Q2 25 | $141.8M | $162.6M | ||
| Q1 25 | $256.1M | $165.5M | ||
| Q4 24 | $99.3M | $189.5M | ||
| Q3 24 | $115.8M | $168.7M | ||
| Q2 24 | $120.9M | $147.1M |
总债务OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
股东权益OSBCRPAY
| Q1 26 | $893.3M | — | ||
| Q4 25 | $896.8M | $484.4M | ||
| Q3 25 | $866.7M | $616.9M | ||
| Q2 25 | $718.6M | $633.7M | ||
| Q1 25 | $694.5M | $755.7M | ||
| Q4 24 | $671.0M | $761.3M | ||
| Q3 24 | $661.4M | $754.7M | ||
| Q2 24 | $619.3M | $815.4M |
总资产OSBCRPAY
| Q1 26 | $6.8B | — | ||
| Q4 25 | $6.9B | $1.2B | ||
| Q3 25 | $7.0B | $1.3B | ||
| Q2 25 | $5.7B | $1.4B | ||
| Q1 25 | $5.7B | $1.5B | ||
| Q4 24 | $5.6B | $1.6B | ||
| Q3 24 | $5.7B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B |
负债/权益比OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 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 | — | $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OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | $122.3M | $23.3M | ||
| Q3 25 | $35.9M | $32.2M | ||
| Q2 25 | $24.2M | $33.1M | ||
| Q1 25 | $17.8M | $2.5M | ||
| Q4 24 | $131.5M | $34.3M | ||
| Q3 24 | $48.5M | $60.1M | ||
| Q2 24 | $11.6M | $31.0M |
自由现金流OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | $117.8M | $23.2M | ||
| Q3 25 | $34.7M | $32.1M | ||
| Q2 25 | $23.5M | $33.0M | ||
| Q1 25 | $16.2M | $2.4M | ||
| Q4 24 | $120.7M | $34.0M | ||
| Q3 24 | $46.2M | $59.8M | ||
| Q2 24 | $8.7M | $30.5M |
自由现金流率OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | 123.7% | 29.6% | ||
| Q3 25 | 36.2% | 41.3% | ||
| Q2 25 | 31.2% | 43.6% | ||
| Q1 25 | 22.2% | 3.0% | ||
| Q4 24 | 165.0% | 43.5% | ||
| Q3 24 | 64.9% | 75.6% | ||
| Q2 24 | 12.3% | 40.7% |
资本支出强度OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 0.1% | ||
| Q3 25 | 1.3% | 0.2% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 14.7% | 0.3% | ||
| Q3 24 | 3.3% | 0.3% | ||
| Q2 24 | 4.2% | 0.6% |
现金转化率OSBCRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.64× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | 18.52× | ||
| Q2 24 | 0.53× | — |
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
OSBC
| Net Interest Income | $81.1M | 87% |
| Noninterest Income | $12.6M | 13% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
