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OCTAVE SPECIALTY GROUP INC（OSG）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OCTAVE SPECIALTY GROUP INC的1.2倍（$78.6M vs $66.9M），OCTAVE SPECIALTY GROUP INC净利率更高（-73.8% vs -178.3%，领先104.5%），OCTAVE SPECIALTY GROUP INC同比增速更快（2.6% vs 0.4%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（16.2% vs -1.3%）
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
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。
OSG vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.2倍
$66.9M
营收增速更快
OSG
高出2.2%
0.4%
净利率更高
OSG
高出104.5%
-178.3%
两年增速更快
OSG
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.9M | $78.6M |
| 净利润 | $-29.7M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -76.7% | -182.2% |
| 净利率 | -73.8% | -178.3% |
| 营收同比 | 2.6% | 0.4% |
| 净利润同比 | -41.7% | -3304.1% |
| 每股收益（稀释后） | $-0.82 | $-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OSGRPAY
| Q4 25 | $66.9M | $78.6M | ||
| Q3 25 | $66.6M | $77.7M | ||
| Q2 25 | $55.0M | $75.6M | ||
| Q1 25 | $62.8M | $77.3M | ||
| Q4 24 | $65.2M | $78.3M | ||
| Q3 24 | $70.0M | $79.1M | ||
| Q2 24 | $51.0M | $74.9M | ||
| Q1 24 | $49.6M | $80.7M |
净利润OSGRPAY
| Q4 25 | $-29.7M | $-140.1M | ||
| Q3 25 | $-112.6M | $-6.4M | ||
| Q2 25 | $-72.7M | $-102.3M | ||
| Q1 25 | $-44.7M | $-7.9M | ||
| Q4 24 | $-20.9M | $-4.1M | ||
| Q3 24 | $-27.5M | $3.2M | ||
| Q2 24 | $-750.0K | $-4.1M | ||
| Q1 24 | $20.8M | $-5.2M |
毛利率OSGRPAY
| 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OSGRPAY
| Q4 25 | -76.7% | -182.2% | ||
| Q3 25 | -48.2% | -3.9% | ||
| Q2 25 | -41.8% | -138.7% | ||
| Q1 25 | -24.1% | -4.7% | ||
| Q4 24 | -55.5% | -1.5% | ||
| Q3 24 | -29.7% | -0.9% | ||
| Q2 24 | -28.9% | -4.6% | ||
| Q1 24 | -6.5% | -3.1% |
净利率OSGRPAY
| Q4 25 | -73.8% | -178.3% | ||
| Q3 25 | -169.1% | -8.3% | ||
| Q2 25 | -132.3% | -135.2% | ||
| Q1 25 | -71.3% | -10.3% | ||
| Q4 24 | -55.1% | -5.3% | ||
| Q3 24 | -39.3% | 4.1% | ||
| Q2 24 | -1.5% | -5.4% | ||
| Q1 24 | 41.9% | -6.5% |
每股收益（稀释后）OSGRPAY
| Q4 25 | $-0.82 | $-1.68 | ||
| Q3 25 | $-2.35 | $-0.08 | ||
| Q2 25 | $-1.54 | $-1.15 | ||
| Q1 25 | $-1.22 | $-0.09 | ||
| Q4 24 | $-11.75 | $-0.04 | ||
| Q3 24 | $-0.63 | $0.03 | ||
| Q2 24 | $-0.02 | $-0.04 | ||
| Q1 24 | $0.44 | $-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 | $146.4M | $115.7M |
| 总债务越低越好 | $117.6M | $280.1M |
| 股东权益账面价值 | $715.8M | $484.4M |
| 总资产 | $2.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资OSGRPAY
| Q4 25 | $146.4M | $115.7M | ||
| Q3 25 | $27.5M | $95.7M | ||
| Q2 25 | $22.5M | $162.6M | ||
| Q1 25 | $34.1M | $165.5M | ||
| Q4 24 | $157.2M | $189.5M | ||
| Q3 24 | $40.8M | $168.7M | ||
| Q2 24 | $14.6M | $147.1M | ||
| Q1 24 | $13.8M | $128.3M |
总债务OSGRPAY
| Q4 25 | $117.6M | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $0 | $496.8M | ||
| Q3 24 | $518.0M | $496.2M | ||
| Q2 24 | $515.0M | $435.6M | ||
| Q1 24 | $512.0M | $434.9M |
股东权益OSGRPAY
| Q4 25 | $715.8M | $484.4M | ||
| Q3 25 | $843.4M | $616.9M | ||
| Q2 25 | $859.8M | $633.7M | ||
| Q1 25 | $852.2M | $755.7M | ||
| Q4 24 | $798.4M | $761.3M | ||
| Q3 24 | $1.5B | $754.7M | ||
| Q2 24 | $1.4B | $815.4M | ||
| Q1 24 | $1.4B | $813.8M |
总资产OSGRPAY
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $8.5B | $1.4B | ||
| Q1 25 | $8.3B | $1.5B | ||
| Q4 24 | $8.1B | $1.6B | ||
| Q3 24 | $9.3B | $1.6B | ||
| Q2 24 | $8.2B | $1.5B | ||
| Q1 24 | $8.4B | $1.5B |
负债/权益比OSGRPAY
| Q4 25 | 0.16× | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 0.00× | 0.65× | ||
| Q3 24 | 0.35× | 0.66× | ||
| Q2 24 | 0.38× | 0.53× | ||
| Q1 24 | 0.38× | 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 | $-52.3M | $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OSGRPAY
| Q4 25 | $-52.3M | $23.3M | ||
| Q3 25 | $-41.2M | $32.2M | ||
| Q2 25 | $2.1M | $33.1M | ||
| Q1 25 | $-12.6M | $2.5M | ||
| Q4 24 | $762.0K | $34.3M | ||
| Q3 24 | $48.9M | $60.1M | ||
| Q2 24 | $20.4M | $31.0M | ||
| Q1 24 | $7.1M | $24.8M |
自由现金流OSGRPAY
| 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OSGRPAY
| 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OSGRPAY
| 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OSGRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.34× | — |
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
OSG
| Other | $28.7M | 43% |
| Specialty Property Casualty Program | $23.1M | 34% |
| Accident Health | $9.6M | 14% |
| Specialty Automobile | $3.1M | 5% |
| Niche Specialty Risks | $2.4M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
