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Ranpak Holdings Corp.（PACK）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
Ranpak Holdings Corp.的季度营收约是Repay Holdings Corp的1.2倍（$93.7M vs $78.6M），Ranpak Holdings Corp.同比增速更快（2.3% vs 0.4%），过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% vs -1.3%）
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
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。
PACK vs RPAY — 直观对比
营收规模更大
PACK
是对方的1.2倍
$78.6M
营收增速更快
PACK
高出1.9%
0.4%
两年增速更快
PACK
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.7M | $78.6M |
| 净利润 | — | $-140.1M |
| 毛利率 | 39.0% | 74.2% |
| 营业利润率 | -1.0% | -182.2% |
| 净利率 | — | -178.3% |
| 营收同比 | 2.3% | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | $-0.11 | $-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PACKRPAY
| Q4 25 | $93.7M | $78.6M | ||
| Q3 25 | $83.6M | $77.7M | ||
| Q2 25 | $77.8M | $75.6M | ||
| Q1 25 | $77.6M | $77.3M | ||
| Q4 24 | $91.6M | $78.3M | ||
| Q3 24 | $78.6M | $79.1M | ||
| Q2 24 | $72.8M | $74.9M | ||
| Q1 24 | $72.5M | $80.7M |
净利润PACKRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-10.4M | $-6.4M | ||
| Q2 25 | $-7.5M | $-102.3M | ||
| Q1 25 | $-10.9M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-8.1M | $3.2M | ||
| Q2 24 | $5.5M | $-4.1M | ||
| Q1 24 | $-8.1M | $-5.2M |
毛利率PACKRPAY
| Q4 25 | 39.0% | 74.2% | ||
| Q3 25 | 41.1% | 74.4% | ||
| Q2 25 | 37.1% | 75.7% | ||
| Q1 25 | 39.8% | 75.9% | ||
| Q4 24 | 45.2% | 76.3% | ||
| Q3 24 | 43.8% | 77.8% | ||
| Q2 24 | 43.5% | 78.2% | ||
| Q1 24 | 44.6% | 76.2% |
营业利润率PACKRPAY
| Q4 25 | -1.0% | -182.2% | ||
| Q3 25 | -6.8% | -3.9% | ||
| Q2 25 | -12.5% | -138.7% | ||
| Q1 25 | -10.3% | -4.7% | ||
| Q4 24 | 1.5% | -1.5% | ||
| Q3 24 | -5.3% | -0.9% | ||
| Q2 24 | -7.1% | -4.6% | ||
| Q1 24 | -6.6% | -3.1% |
净利率PACKRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | -12.4% | -8.3% | ||
| Q2 25 | -9.6% | -135.2% | ||
| Q1 25 | -14.0% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -10.3% | 4.1% | ||
| Q2 24 | 7.6% | -5.4% | ||
| Q1 24 | -11.2% | -6.5% |
每股收益（稀释后）PACKRPAY
| Q4 25 | $-0.11 | $-1.68 | ||
| Q3 25 | $-0.12 | $-0.08 | ||
| Q2 25 | $-0.09 | $-1.15 | ||
| Q1 25 | $-0.13 | $-0.09 | ||
| Q4 24 | $-0.13 | $-0.04 | ||
| Q3 24 | $-0.10 | $0.03 | ||
| Q2 24 | $0.07 | $-0.04 | ||
| Q1 24 | $-0.10 | $-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 | $63.0M | $115.7M |
| 总债务越低越好 | $401.9M | $280.1M |
| 股东权益账面价值 | $534.9M | $484.4M |
| 总资产 | $1.1B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PACKRPAY
| Q4 25 | $63.0M | $115.7M | ||
| Q3 25 | $49.9M | $95.7M | ||
| Q2 25 | $49.2M | $162.6M | ||
| Q1 25 | $65.5M | $165.5M | ||
| Q4 24 | $76.1M | $189.5M | ||
| Q3 24 | $69.5M | $168.7M | ||
| Q2 24 | $65.1M | $147.1M | ||
| Q1 24 | $55.1M | $128.3M |
总债务PACKRPAY
| Q4 25 | $401.9M | $280.1M | ||
| Q3 25 | $403.1M | $279.5M | ||
| Q2 25 | $403.1M | $279.0M | ||
| Q1 25 | $405.2M | $497.6M | ||
| Q4 24 | $406.4M | $496.8M | ||
| Q3 24 | $403.2M | $496.2M | ||
| Q2 24 | $396.1M | $435.6M | ||
| Q1 24 | $396.7M | $434.9M |
股东权益PACKRPAY
| Q4 25 | $534.9M | $484.4M | ||
| Q3 25 | $537.8M | $616.9M | ||
| Q2 25 | $539.0M | $633.7M | ||
| Q1 25 | $544.1M | $755.7M | ||
| Q4 24 | $548.1M | $761.3M | ||
| Q3 24 | $564.3M | $754.7M | ||
| Q2 24 | $566.2M | $815.4M | ||
| Q1 24 | $560.0M | $813.8M |
总资产PACKRPAY
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
负债/权益比PACKRPAY
| Q4 25 | 0.75× | 0.58× | ||
| Q3 25 | 0.75× | 0.45× | ||
| Q2 25 | 0.75× | 0.44× | ||
| Q1 25 | 0.74× | 0.66× | ||
| Q4 24 | 0.74× | 0.65× | ||
| Q3 24 | 0.71× | 0.66× | ||
| Q2 24 | 0.70× | 0.53× | ||
| Q1 24 | 0.71× | 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 | $19.5M | $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PACKRPAY
| Q4 25 | $19.5M | $23.3M | ||
| Q3 25 | $8.5M | $32.2M | ||
| Q2 25 | $-3.6M | $33.1M | ||
| Q1 25 | $-1.3M | $2.5M | ||
| Q4 24 | $6.5M | $34.3M | ||
| Q3 24 | $10.1M | $60.1M | ||
| Q2 24 | $19.6M | $31.0M | ||
| Q1 24 | $5.2M | $24.8M |
自由现金流PACKRPAY
| 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PACKRPAY
| 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PACKRPAY
| 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PACKRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 3.56× | — | ||
| 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
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
