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Paymentus Holdings, Inc.（PAY）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
Paymentus Holdings, Inc.的季度营收约是REPLIGEN CORP的1.7倍（$330.5M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs 6.3%，领先0.5%），Paymentus Holdings, Inc.同比增速更快（28.1% vs 13.6%），Paymentus Holdings, Inc.自由现金流更多（$45.0M vs $17.6M），过去两年Paymentus Holdings, Inc.的营收复合增速更高（33.7% vs 14.4%）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
PAY vs RGEN — 直观对比
营收规模更大
PAY
是对方的1.7倍
$197.9M
营收增速更快
PAY
高出14.5%
13.6%
净利率更高
RGEN
高出0.5%
6.3%
自由现金流更多
PAY
多$27.5M
$17.6M
两年增速更快
PAY
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $330.5M | $197.9M |
| 净利润 | $20.7M | $13.3M |
| 毛利率 | 25.4% | 52.5% |
| 营业利润率 | 7.3% | 9.0% |
| 净利率 | 6.3% | 6.7% |
| 营收同比 | 28.1% | 13.6% |
| 净利润同比 | 57.2% | 143.9% |
| 每股收益（稀释后） | $0.16 | $0.24 |
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PAYRGEN
| Q4 25 | $330.5M | $197.9M | ||
| Q3 25 | $310.7M | $188.8M | ||
| Q2 25 | $280.1M | $182.4M | ||
| Q1 25 | $275.2M | $169.2M | ||
| Q4 24 | $257.9M | $174.1M | ||
| Q3 24 | $231.6M | $154.9M | ||
| Q2 24 | $197.4M | $154.1M | ||
| Q1 24 | $184.9M | $151.3M |
净利润PAYRGEN
| Q4 25 | $20.7M | $13.3M | ||
| Q3 25 | $17.7M | $14.9M | ||
| Q2 25 | $14.7M | $14.9M | ||
| Q1 25 | $13.8M | $5.8M | ||
| Q4 24 | $13.1M | $-30.3M | ||
| Q3 24 | $14.4M | $-654.0K | ||
| Q2 24 | $9.4M | $3.3M | ||
| Q1 24 | $7.2M | $2.1M |
毛利率PAYRGEN
| Q4 25 | 25.4% | 52.5% | ||
| Q3 25 | 24.1% | 53.2% | ||
| Q2 25 | 25.5% | 50.0% | ||
| Q1 25 | 24.0% | 53.6% | ||
| Q4 24 | 25.6% | 26.1% | ||
| Q3 24 | 26.2% | 50.0% | ||
| Q2 24 | 29.8% | 49.8% | ||
| Q1 24 | 28.5% | 49.5% |
营业利润率PAYRGEN
| Q4 25 | 7.3% | 9.0% | ||
| Q3 25 | 6.4% | 8.9% | ||
| Q2 25 | 5.7% | 7.6% | ||
| Q1 25 | 5.7% | 3.9% | ||
| Q4 24 | 5.5% | -17.7% | ||
| Q3 24 | 5.2% | -5.1% | ||
| Q2 24 | 5.2% | 1.0% | ||
| Q1 24 | 4.5% | 1.3% |
净利率PAYRGEN
| Q4 25 | 6.3% | 6.7% | ||
| Q3 25 | 5.7% | 7.9% | ||
| Q2 25 | 5.3% | 8.2% | ||
| Q1 25 | 5.0% | 3.4% | ||
| Q4 24 | 5.1% | -17.4% | ||
| Q3 24 | 6.2% | -0.4% | ||
| Q2 24 | 4.7% | 2.2% | ||
| Q1 24 | 3.9% | 1.4% |
每股收益（稀释后）PAYRGEN
| Q4 25 | $0.16 | $0.24 | ||
| Q3 25 | $0.14 | $0.26 | ||
| Q2 25 | $0.11 | $0.26 | ||
| Q1 25 | $0.11 | $0.10 | ||
| Q4 24 | $0.11 | $-0.55 | ||
| Q3 24 | $0.11 | $-0.01 | ||
| Q2 24 | $0.07 | $0.06 | ||
| Q1 24 | $0.06 | $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 | $320.9M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $560.4M | $2.1B |
| 总资产 | $667.9M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资PAYRGEN
| Q4 25 | $320.9M | $767.6M | ||
| Q3 25 | $287.9M | $748.7M | ||
| Q2 25 | $266.4M | $708.9M | ||
| Q1 25 | $245.8M | $697.2M | ||
| Q4 24 | $205.9M | $757.4M | ||
| Q3 24 | $187.5M | $784.0M | ||
| Q2 24 | $188.8M | $809.1M | ||
| Q1 24 | $180.1M | $780.6M |
总债务PAYRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PAYRGEN
| Q4 25 | $560.4M | $2.1B | ||
| Q3 25 | $537.4M | $2.1B | ||
| Q2 25 | $516.7M | $2.1B | ||
| Q1 25 | $500.4M | $2.0B | ||
| Q4 24 | $485.6M | $2.0B | ||
| Q3 24 | $468.8M | $2.0B | ||
| Q2 24 | $451.6M | $2.0B | ||
| Q1 24 | $439.4M | $2.0B |
总资产PAYRGEN
| Q4 25 | $667.9M | $2.9B | ||
| Q3 25 | $644.4M | $2.9B | ||
| Q2 25 | $609.5M | $2.9B | ||
| Q1 25 | $590.9M | $2.9B | ||
| Q4 24 | $576.2M | $2.8B | ||
| Q3 24 | $552.9M | $2.8B | ||
| Q2 24 | $527.7M | $2.9B | ||
| Q1 24 | $514.0M | $2.8B |
负债/权益比PAYRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $45.0M | $17.6M |
| 自由现金流率自由现金流/营收 | 13.6% | 8.9% |
| 资本支出强度资本支出/营收 | 0.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.18× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $161.8M | $93.9M |
8季度趋势，按日历期对齐
经营现金流PAYRGEN
| Q4 25 | $45.1M | $25.7M | ||
| Q3 25 | $35.1M | $48.1M | ||
| Q2 25 | $31.5M | $28.6M | ||
| Q1 25 | $50.4M | $15.0M | ||
| Q4 24 | $27.9M | $39.2M | ||
| Q3 24 | $6.7M | $49.3M | ||
| Q2 24 | $18.0M | $42.2M | ||
| Q1 24 | $11.0M | $44.7M |
自由现金流PAYRGEN
| Q4 25 | $45.0M | $17.6M | ||
| Q3 25 | $35.0M | $43.4M | ||
| Q2 25 | $31.4M | $21.5M | ||
| Q1 25 | $50.4M | $11.4M | ||
| Q4 24 | $27.8M | $33.6M | ||
| Q3 24 | $6.7M | $42.3M | ||
| Q2 24 | $17.8M | $37.4M | ||
| Q1 24 | $10.8M | $36.4M |
自由现金流率PAYRGEN
| Q4 25 | 13.6% | 8.9% | ||
| Q3 25 | 11.3% | 23.0% | ||
| Q2 25 | 11.2% | 11.8% | ||
| Q1 25 | 18.3% | 6.8% | ||
| Q4 24 | 10.8% | 19.3% | ||
| Q3 24 | 2.9% | 27.3% | ||
| Q2 24 | 9.0% | 24.3% | ||
| Q1 24 | 5.9% | 24.0% |
资本支出强度PAYRGEN
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 2.5% | ||
| Q2 25 | 0.0% | 3.9% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.0% | 3.2% | ||
| Q3 24 | 0.0% | 4.5% | ||
| Q2 24 | 0.1% | 3.1% | ||
| Q1 24 | 0.1% | 5.5% |
现金转化率PAYRGEN
| Q4 25 | 2.18× | 1.93× | ||
| Q3 25 | 1.98× | 3.23× | ||
| Q2 25 | 2.14× | 1.92× | ||
| Q1 25 | 3.65× | 2.57× | ||
| Q4 24 | 2.12× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 1.93× | 12.70× | ||
| Q1 24 | 1.52× | 21.35× |
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% |
RGEN
暂无分部数据
