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PETMED EXPRESS INC（PETS）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PETMED EXPRESS INC的1.9倍（$78.6M vs $40.7M），PETMED EXPRESS INC净利率更高（-26.0% vs -178.3%，领先152.3%），Repay Holdings Corp同比增速更快（0.4% vs -23.3%），Repay Holdings Corp自由现金流更多（$23.2M vs $-9.2M），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% vs -20.9%）
PetMed Express，也叫PetMeds，是总部位于美国的线上宠物药房。该企业公开上市，主营宠物处方及非处方药物销售业务，是北美知名的宠物医药线上零售平台。
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。
PETS vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.9倍
$40.7M
营收增速更快
RPAY
高出23.7%
-23.3%
净利率更高
PETS
高出152.3%
-178.3%
自由现金流更多
RPAY
多$32.5M
$-9.2M
两年增速更快
RPAY
近两年复合增速
-20.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.7M | $78.6M |
| 净利润 | $-10.6M | $-140.1M |
| 毛利率 | 23.3% | 74.2% |
| 营业利润率 | -25.7% | -182.2% |
| 净利率 | -26.0% | -178.3% |
| 营收同比 | -23.3% | 0.4% |
| 净利润同比 | -1392.6% | -3304.1% |
| 每股收益（稀释后） | $-0.50 | $-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PETSRPAY
| Q4 25 | $40.7M | $78.6M | ||
| Q3 25 | $44.4M | $77.7M | ||
| Q2 25 | $51.2M | $75.6M | ||
| Q1 25 | $50.8M | $77.3M | ||
| Q4 24 | $52.0M | $78.3M | ||
| Q3 24 | $58.0M | $79.1M | ||
| Q2 24 | $66.2M | $74.9M | ||
| Q1 24 | $65.1M | $80.7M |
净利润PETSRPAY
| Q4 25 | $-10.6M | $-140.1M | ||
| Q3 25 | $-8.5M | $-6.4M | ||
| Q2 25 | $-34.2M | $-102.3M | ||
| Q1 25 | $-11.6M | $-7.9M | ||
| Q4 24 | $-707.0K | $-4.1M | ||
| Q3 24 | $2.3M | $3.2M | ||
| Q2 24 | $3.8M | $-4.1M | ||
| Q1 24 | $-5.0M | $-5.2M |
毛利率PETSRPAY
| Q4 25 | 23.3% | 74.2% | ||
| Q3 25 | 28.0% | 74.4% | ||
| Q2 25 | 28.1% | 75.7% | ||
| Q1 25 | 29.9% | 75.9% | ||
| Q4 24 | 31.0% | 76.3% | ||
| Q3 24 | 32.3% | 77.8% | ||
| Q2 24 | 28.8% | 78.2% | ||
| Q1 24 | 29.3% | 76.2% |
营业利润率PETSRPAY
| Q4 25 | -25.7% | -182.2% | ||
| Q3 25 | -18.9% | -3.9% | ||
| Q2 25 | -66.7% | -138.7% | ||
| Q1 25 | -11.9% | -4.7% | ||
| Q4 24 | -0.9% | -1.5% | ||
| Q3 24 | 1.0% | -0.9% | ||
| Q2 24 | 6.6% | -4.6% | ||
| Q1 24 | -5.9% | -3.1% |
净利率PETSRPAY
| Q4 25 | -26.0% | -178.3% | ||
| Q3 25 | -19.2% | -8.3% | ||
| Q2 25 | -66.7% | -135.2% | ||
| Q1 25 | -22.9% | -10.3% | ||
| Q4 24 | -1.4% | -5.3% | ||
| Q3 24 | 4.0% | 4.1% | ||
| Q2 24 | 5.7% | -5.4% | ||
| Q1 24 | -7.7% | -6.5% |
每股收益（稀释后）PETSRPAY
| Q4 25 | $-0.50 | $-1.68 | ||
| Q3 25 | $-0.41 | $-0.08 | ||
| Q2 25 | $-1.65 | $-1.15 | ||
| Q1 25 | $-0.56 | $-0.09 | ||
| Q4 24 | $-0.03 | $-0.04 | ||
| Q3 24 | $0.11 | $0.03 | ||
| Q2 24 | $0.18 | $-0.04 | ||
| Q1 24 | $-0.24 | $-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 | $26.9M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $32.8M | $484.4M |
| 总资产 | $88.0M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PETSRPAY
| Q4 25 | $26.9M | $115.7M | ||
| Q3 25 | $36.1M | $95.7M | ||
| Q2 25 | $41.1M | $162.6M | ||
| Q1 25 | $54.7M | $165.5M | ||
| Q4 24 | $50.1M | $189.5M | ||
| Q3 24 | $52.0M | $168.7M | ||
| Q2 24 | $46.0M | $147.1M | ||
| Q1 24 | $55.3M | $128.3M |
总债务PETSRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益PETSRPAY
| Q4 25 | $32.8M | $484.4M | ||
| Q3 25 | $43.1M | $616.9M | ||
| Q2 25 | $51.5M | $633.7M | ||
| Q1 25 | $85.1M | $755.7M | ||
| Q4 24 | $96.2M | $761.3M | ||
| Q3 24 | $96.4M | $754.7M | ||
| Q2 24 | $93.5M | $815.4M | ||
| Q1 24 | $96.7M | $813.8M |
总资产PETSRPAY
| Q4 25 | $88.0M | $1.2B | ||
| Q3 25 | $100.3M | $1.3B | ||
| Q2 25 | $109.8M | $1.4B | ||
| Q1 25 | $148.7M | $1.5B | ||
| Q4 24 | $144.8M | $1.6B | ||
| Q3 24 | $146.0M | $1.6B | ||
| Q2 24 | $152.7M | $1.5B | ||
| Q1 24 | $169.9M | $1.5B |
负债/权益比PETSRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 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 | $-9.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-9.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -22.7% | 29.6% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $-23.0M | $90.7M |
8季度趋势，按日历期对齐
经营现金流PETSRPAY
| Q4 25 | $-9.2M | $23.3M | ||
| Q3 25 | $-2.2M | $32.2M | ||
| Q2 25 | $-12.3M | $33.1M | ||
| Q1 25 | $7.0M | $2.5M | ||
| Q4 24 | $-1.2M | $34.3M | ||
| Q3 24 | $7.4M | $60.1M | ||
| Q2 24 | $-8.5M | $31.0M | ||
| Q1 24 | $7.1M | $24.8M |
自由现金流PETSRPAY
| Q4 25 | $-9.2M | $23.2M | ||
| Q3 25 | $-4.8M | $32.1M | ||
| Q2 25 | $-13.6M | $33.0M | ||
| Q1 25 | $4.6M | $2.4M | ||
| Q4 24 | $-1.9M | $34.0M | ||
| Q3 24 | $6.1M | $59.8M | ||
| Q2 24 | $-9.2M | $30.5M | ||
| Q1 24 | $5.9M | $24.7M |
自由现金流率PETSRPAY
| Q4 25 | -22.7% | 29.6% | ||
| Q3 25 | -10.8% | 41.3% | ||
| Q2 25 | -26.5% | 43.6% | ||
| Q1 25 | 9.1% | 3.0% | ||
| Q4 24 | -3.7% | 43.5% | ||
| Q3 24 | 10.6% | 75.6% | ||
| Q2 24 | -13.9% | 40.7% | ||
| Q1 24 | 9.0% | 30.6% |
资本支出强度PETSRPAY
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 5.9% | 0.2% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 4.7% | 0.2% | ||
| Q4 24 | 1.5% | 0.3% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 1.0% | 0.6% | ||
| Q1 24 | 1.9% | 0.1% |
现金转化率PETSRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | 18.52× | ||
| Q2 24 | -2.27× | — | ||
| 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
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
