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Paymentus Holdings, Inc.（PAY）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是Paymentus Holdings, Inc.的1.4倍（$448.2M vs $330.5M），Paymentus Holdings, Inc.净利率更高（6.3% vs -9.4%，领先15.6%），Paymentus Holdings, Inc.同比增速更快（28.1% vs -1.1%），Paymentus Holdings, Inc.自由现金流更多（$45.0M vs $-20.6M），过去两年Paymentus Holdings, Inc.的营收复合增速更高（33.7% vs -13.5%）
Paymentus Holdings, Inc.是领先的云原生账单支付与客户互动技术服务商，面向公用事业、金融服务、政府、医疗、电信等领域企业提供集成数字支付解决方案、账单自动化工具和自助服务门户，核心业务覆盖北美市场。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
PAY vs PLAY — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $330.5M | $448.2M |
| 净利润 | $20.7M | $-42.1M |
| 毛利率 | 25.4% | 85.8% |
| 营业利润率 | 7.3% | -3.6% |
| 净利率 | 6.3% | -9.4% |
| 营收同比 | 28.1% | -1.1% |
| 净利润同比 | 57.2% | -28.7% |
| 每股收益（稀释后） | $0.16 | $-1.22 |
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
| Q4 25 | $330.5M | $448.2M | ||
| Q3 25 | $310.7M | $557.4M | ||
| Q2 25 | $280.1M | $567.7M | ||
| Q1 25 | $275.2M | $534.5M | ||
| Q4 24 | $257.9M | $453.0M | ||
| Q3 24 | $231.6M | $557.1M | ||
| Q2 24 | $197.4M | $588.1M | ||
| Q1 24 | $184.9M | $599.0M |
| Q4 25 | $20.7M | $-42.1M | ||
| Q3 25 | $17.7M | $11.4M | ||
| Q2 25 | $14.7M | $21.7M | ||
| Q1 25 | $13.8M | $9.3M | ||
| Q4 24 | $13.1M | $-32.7M | ||
| Q3 24 | $14.4M | $40.3M | ||
| Q2 24 | $9.4M | $41.4M | ||
| Q1 24 | $7.2M | $36.1M |
| Q4 25 | 25.4% | 85.8% | ||
| Q3 25 | 24.1% | 86.3% | ||
| Q2 25 | 25.5% | 85.5% | ||
| Q1 25 | 24.0% | 85.5% | ||
| Q4 24 | 25.6% | 85.0% | ||
| Q3 24 | 26.2% | 85.3% | ||
| Q2 24 | 29.8% | 85.2% | ||
| Q1 24 | 28.5% | 84.1% |
| Q4 25 | 7.3% | -3.6% | ||
| Q3 25 | 6.4% | 9.5% | ||
| Q2 25 | 5.7% | 11.1% | ||
| Q1 25 | 5.7% | 8.3% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 5.2% | 15.2% | ||
| Q2 24 | 5.2% | 14.5% | ||
| Q1 24 | 4.5% | 14.9% |
| Q4 25 | 6.3% | -9.4% | ||
| Q3 25 | 5.7% | 2.0% | ||
| Q2 25 | 5.3% | 3.8% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 5.1% | -7.2% | ||
| Q3 24 | 6.2% | 7.2% | ||
| Q2 24 | 4.7% | 7.0% | ||
| Q1 24 | 3.9% | 6.0% |
| Q4 25 | $0.16 | $-1.22 | ||
| Q3 25 | $0.14 | $0.32 | ||
| Q2 25 | $0.11 | $0.62 | ||
| Q1 25 | $0.11 | $0.32 | ||
| Q4 24 | $0.11 | $-0.84 | ||
| Q3 24 | $0.11 | $0.99 | ||
| Q2 24 | $0.07 | $0.99 | ||
| Q1 24 | $0.06 | $0.95 |
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 | $320.9M | $13.6M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $560.4M | $130.8M |
| 总资产 | $667.9M | $4.1B |
| 负债/权益比越低杠杆越低 | — | 12.17× |
8季度趋势，按日历期对齐
| Q4 25 | $320.9M | $13.6M | ||
| Q3 25 | $287.9M | $12.0M | ||
| Q2 25 | $266.4M | $11.9M | ||
| Q1 25 | $245.8M | $6.9M | ||
| Q4 24 | $205.9M | $8.6M | ||
| Q3 24 | $187.5M | $13.1M | ||
| Q2 24 | $188.8M | $32.1M | ||
| Q1 24 | $180.1M | $37.3M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $560.4M | $130.8M | ||
| Q3 25 | $537.4M | $166.2M | ||
| Q2 25 | $516.7M | $146.8M | ||
| Q1 25 | $500.4M | $145.8M | ||
| Q4 24 | $485.6M | $226.6M | ||
| Q3 24 | $468.8M | $284.4M | ||
| Q2 24 | $451.6M | $292.5M | ||
| Q1 24 | $439.4M | $251.2M |
| Q4 25 | $667.9M | $4.1B | ||
| Q3 25 | $644.4M | $4.1B | ||
| Q2 25 | $609.5M | $4.1B | ||
| Q1 25 | $590.9M | $4.0B | ||
| Q4 24 | $576.2M | $3.9B | ||
| Q3 24 | $552.9M | $3.8B | ||
| Q2 24 | $527.7M | $3.8B | ||
| Q1 24 | $514.0M | $3.8B |
| Q4 25 | — | 12.17× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | — | 10.98× | ||
| Q1 25 | — | 10.45× | ||
| Q4 24 | — | 6.58× | ||
| Q3 24 | — | 4.72× | ||
| Q2 24 | — | 4.58× | ||
| Q1 24 | — | 5.33× |
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 | $45.1M | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $45.0M | $-20.6M |
| 自由现金流率自由现金流/营收 | 13.6% | -4.6% |
| 资本支出强度资本支出/营收 | 0.0% | 17.5% |
| 现金转化率经营现金流/净利润 | 2.18× | — |
| 过去12个月自由现金流最近4个季度 | $161.8M | $-195.6M |
8季度趋势，按日历期对齐
| Q4 25 | $45.1M | $58.0M | ||
| Q3 25 | $35.1M | $34.0M | ||
| Q2 25 | $31.5M | $95.8M | ||
| Q1 25 | $50.4M | $108.9M | ||
| Q4 24 | $27.9M | $-7.2M | ||
| Q3 24 | $6.7M | $101.8M | ||
| Q2 24 | $18.0M | $108.8M | ||
| Q1 24 | $11.0M | $97.2M |
| Q4 25 | $45.0M | $-20.6M | ||
| Q3 25 | $35.0M | $-55.2M | ||
| Q2 25 | $31.4M | $-58.8M | ||
| Q1 25 | $50.4M | $-61.0M | ||
| Q4 24 | $27.8M | $-138.4M | ||
| Q3 24 | $6.7M | $-14.3M | ||
| Q2 24 | $17.8M | $-4.2M | ||
| Q1 24 | $10.8M | $-25.4M |
| Q4 25 | 13.6% | -4.6% | ||
| Q3 25 | 11.3% | -9.9% | ||
| Q2 25 | 11.2% | -10.4% | ||
| Q1 25 | 18.3% | -11.4% | ||
| Q4 24 | 10.8% | -30.6% | ||
| Q3 24 | 2.9% | -2.6% | ||
| Q2 24 | 9.0% | -0.7% | ||
| Q1 24 | 5.9% | -4.2% |
| Q4 25 | 0.0% | 17.5% | ||
| Q3 25 | 0.0% | 16.0% | ||
| Q2 25 | 0.0% | 27.2% | ||
| Q1 25 | 0.0% | 31.8% | ||
| Q4 24 | 0.0% | 29.0% | ||
| Q3 24 | 0.0% | 20.8% | ||
| Q2 24 | 0.1% | 19.2% | ||
| Q1 24 | 0.1% | 20.5% |
| Q4 25 | 2.18× | — | ||
| Q3 25 | 1.98× | 2.98× | ||
| Q2 25 | 2.14× | 4.41× | ||
| Q1 25 | 3.65× | 11.71× | ||
| Q4 24 | 2.12× | — | ||
| Q3 24 | 0.47× | 2.53× | ||
| Q2 24 | 1.93× | 2.63× | ||
| Q1 24 | 1.52× | 2.69× |
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
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
