vs
Paymentus Holdings, Inc.（PAY）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.8倍（$330.5M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 6.3%，领先41.7%），Paymentus Holdings, Inc.同比增速更快（28.1% vs -21.9%），过去两年Paymentus Holdings, Inc.的营收复合增速更高（33.7% vs -15.4%）
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。
PAY vs RILY — 直观对比
营收规模更大
PAY
是对方的1.8倍
$188.3M
营收增速更快
PAY
高出50.0%
-21.9%
净利率更高
RILY
高出41.7%
6.3%
两年增速更快
PAY
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $330.5M | $188.3M |
| 净利润 | $20.7M | $90.3M |
| 毛利率 | 25.4% | 79.5% |
| 营业利润率 | 7.3% | 32.3% |
| 净利率 | 6.3% | 47.9% |
| 营收同比 | 28.1% | -21.9% |
| 净利润同比 | 57.2% | 1710.8% |
| 每股收益（稀释后） | $0.16 | $2.78 |
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PAYRILY
| Q4 25 | $330.5M | $188.3M | ||
| Q3 25 | $310.7M | $215.3M | ||
| Q2 25 | $280.1M | $188.2M | ||
| Q1 25 | $275.2M | $197.2M | ||
| Q4 24 | $257.9M | $241.0M | ||
| Q3 24 | $231.6M | $225.5M | ||
| Q2 24 | $197.4M | $256.0M | ||
| Q1 24 | $184.9M | $263.4M |
净利润PAYRILY
| Q4 25 | $20.7M | $90.3M | ||
| Q3 25 | $17.7M | $91.1M | ||
| Q2 25 | $14.7M | $139.5M | ||
| Q1 25 | $13.8M | $-10.0M | ||
| Q4 24 | $13.1M | $-5.6M | ||
| Q3 24 | $14.4M | $-284.4M | ||
| Q2 24 | $9.4M | $-433.6M | ||
| Q1 24 | $7.2M | $-49.2M |
毛利率PAYRILY
| Q4 25 | 25.4% | 79.5% | ||
| Q3 25 | 24.1% | 83.7% | ||
| Q2 25 | 25.5% | 81.3% | ||
| Q1 25 | 24.0% | 81.4% | ||
| Q4 24 | 25.6% | 79.8% | ||
| Q3 24 | 26.2% | 82.1% | ||
| Q2 24 | 29.8% | 84.5% | ||
| Q1 24 | 28.5% | 85.3% |
营业利润率PAYRILY
| Q4 25 | 7.3% | 32.3% | ||
| Q3 25 | 6.4% | 30.4% | ||
| Q2 25 | 5.7% | 5.7% | ||
| Q1 25 | 5.7% | -31.2% | ||
| Q4 24 | 5.5% | -69.2% | ||
| Q3 24 | 5.2% | -36.4% | ||
| Q2 24 | 5.2% | -90.8% | ||
| Q1 24 | 4.5% | -6.1% |
净利率PAYRILY
| Q4 25 | 6.3% | 47.9% | ||
| Q3 25 | 5.7% | 42.3% | ||
| Q2 25 | 5.3% | 74.1% | ||
| Q1 25 | 5.0% | -5.1% | ||
| Q4 24 | 5.1% | -2.3% | ||
| Q3 24 | 6.2% | -126.1% | ||
| Q2 24 | 4.7% | -169.4% | ||
| Q1 24 | 3.9% | -18.7% |
每股收益（稀释后）PAYRILY
| Q4 25 | $0.16 | $2.78 | ||
| Q3 25 | $0.14 | $2.91 | ||
| Q2 25 | $0.11 | $4.50 | ||
| Q1 25 | $0.11 | $-0.39 | ||
| Q4 24 | $0.11 | $-0.01 | ||
| Q3 24 | $0.11 | $-9.39 | ||
| Q2 24 | $0.07 | $-14.35 | ||
| Q1 24 | $0.06 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $560.4M | $-171.5M |
| 总资产 | $667.9M | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PAYRILY
| Q4 25 | $320.9M | $226.6M | ||
| Q3 25 | $287.9M | $184.2M | ||
| Q2 25 | $266.4M | $267.4M | ||
| Q1 25 | $245.8M | $138.3M | ||
| Q4 24 | $205.9M | $146.9M | ||
| Q3 24 | $187.5M | $159.2M | ||
| Q2 24 | $188.8M | $236.9M | ||
| Q1 24 | $180.1M | $190.7M |
总债务PAYRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PAYRILY
| Q4 25 | $560.4M | $-171.5M | ||
| Q3 25 | $537.4M | $-260.5M | ||
| Q2 25 | $516.7M | $-351.7M | ||
| Q1 25 | $500.4M | $-496.8M | ||
| Q4 24 | $485.6M | $-488.2M | ||
| Q3 24 | $468.8M | $-497.6M | ||
| Q2 24 | $451.6M | $-218.3M | ||
| Q1 24 | $439.4M | $228.4M |
总资产PAYRILY
| Q4 25 | $667.9M | $1.7B | ||
| Q3 25 | $644.4M | $1.7B | ||
| Q2 25 | $609.5M | $1.5B | ||
| Q1 25 | $590.9M | $1.5B | ||
| Q4 24 | $576.2M | $1.8B | ||
| Q3 24 | $552.9M | $2.2B | ||
| Q2 24 | $527.7M | $3.2B | ||
| Q1 24 | $514.0M | $5.0B |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $45.0M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | 2.18× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $161.8M | — |
8季度趋势，按日历期对齐
经营现金流PAYRILY
| Q4 25 | $45.1M | $26.2M | ||
| Q3 25 | $35.1M | $-60.6M | ||
| Q2 25 | $31.5M | $-25.6M | ||
| Q1 25 | $50.4M | $184.0K | ||
| Q4 24 | $27.9M | $-2.7M | ||
| Q3 24 | $6.7M | $19.5M | ||
| Q2 24 | $18.0M | $111.5M | ||
| Q1 24 | $11.0M | $135.4M |
自由现金流PAYRILY
| Q4 25 | $45.0M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $50.4M | — | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $6.7M | — | ||
| Q2 24 | $17.8M | — | ||
| Q1 24 | $10.8M | — |
自由现金流率PAYRILY
| Q4 25 | 13.6% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 5.9% | — |
资本支出强度PAYRILY
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率PAYRILY
| Q4 25 | 2.18× | 0.29× | ||
| Q3 25 | 1.98× | -0.66× | ||
| Q2 25 | 2.14× | -0.18× | ||
| Q1 25 | 3.65× | — | ||
| Q4 24 | 2.12× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 1.93× | — | ||
| Q1 24 | 1.52× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
