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PennyMac Mortgage Investment Trust（PMT）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
PennyMac Mortgage Investment Trust的季度营收约是Repay Holdings Corp的1.2倍（$93.6M vs $78.6M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs -178.3%，领先234.3%），Repay Holdings Corp同比增速更快（0.4% vs -13.3%），过去两年PennyMac Mortgage Investment Trust的营收复合增速更高（12.3% vs -1.3%）
PennyMac Mortgage Investment Trust是总部位于美国的房地产投资信托，专注于住宅抵押贷款相关资产，主要投资履约及违约抵押贷款、住宅抵押贷款支持证券和信用风险转移工具，业务覆盖美国住房市场的投资管理与抵押贷款服务板块。
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。
PMT vs RPAY — 直观对比
营收规模更大
PMT
是对方的1.2倍
$78.6M
营收增速更快
RPAY
高出13.7%
-13.3%
净利率更高
PMT
高出234.3%
-178.3%
两年增速更快
PMT
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $93.6M | $78.6M |
| 净利润 | $52.4M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | 38.6% | -182.2% |
| 净利率 | 56.0% | -178.3% |
| 营收同比 | -13.3% | 0.4% |
| 净利润同比 | 12.5% | -3304.1% |
| 每股收益（稀释后） | $0.49 | $-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PMTRPAY
| Q4 25 | $93.6M | $78.6M | ||
| Q3 25 | $99.2M | $77.7M | ||
| Q2 25 | $70.2M | $75.6M | ||
| Q1 25 | $44.5M | $77.3M | ||
| Q4 24 | $107.9M | $78.3M | ||
| Q3 24 | $80.9M | $79.1M | ||
| Q2 24 | $71.2M | $74.9M | ||
| Q1 24 | $74.2M | $80.7M |
净利润PMTRPAY
| Q4 25 | $52.4M | $-140.1M | ||
| Q3 25 | $58.3M | $-6.4M | ||
| Q2 25 | $7.5M | $-102.3M | ||
| Q1 25 | $9.7M | $-7.9M | ||
| Q4 24 | $46.5M | $-4.1M | ||
| Q3 24 | $41.4M | $3.2M | ||
| Q2 24 | $25.4M | $-4.1M | ||
| Q1 24 | $47.6M | $-5.2M |
毛利率PMTRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率PMTRPAY
| Q4 25 | 38.6% | -182.2% | ||
| Q3 25 | 47.4% | -3.9% | ||
| Q2 25 | 24.2% | -138.7% | ||
| Q1 25 | -14.2% | -4.7% | ||
| Q4 24 | 51.1% | -1.5% | ||
| Q3 24 | 32.8% | -0.9% | ||
| Q2 24 | 40.2% | -4.6% | ||
| Q1 24 | 43.6% | -3.1% |
净利率PMTRPAY
| Q4 25 | 56.0% | -178.3% | ||
| Q3 25 | 58.7% | -8.3% | ||
| Q2 25 | 10.7% | -135.2% | ||
| Q1 25 | 21.8% | -10.3% | ||
| Q4 24 | 43.1% | -5.3% | ||
| Q3 24 | 51.2% | 4.1% | ||
| Q2 24 | 35.7% | -5.4% | ||
| Q1 24 | 64.2% | -6.5% |
每股收益（稀释后）PMTRPAY
| Q4 25 | $0.49 | $-1.68 | ||
| Q3 25 | $0.55 | $-0.08 | ||
| Q2 25 | $-0.04 | $-1.15 | ||
| Q1 25 | $-0.01 | $-0.09 | ||
| Q4 24 | $0.45 | $-0.04 | ||
| Q3 24 | $0.36 | $0.03 | ||
| Q2 24 | $0.17 | $-0.04 | ||
| Q1 24 | $0.39 | $-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 | $190.5M | $115.7M |
| 总债务越低越好 | $1.1B | $280.1M |
| 股东权益账面价值 | $1.9B | $484.4M |
| 总资产 | $21.3B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.58× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PMTRPAY
| Q4 25 | $190.5M | $115.7M | ||
| Q3 25 | $181.0M | $95.7M | ||
| Q2 25 | $108.6M | $162.6M | ||
| Q1 25 | $204.2M | $165.5M | ||
| Q4 24 | $103.2M | $189.5M | ||
| Q3 24 | $102.8M | $168.7M | ||
| Q2 24 | $336.3M | $147.1M | ||
| Q1 24 | $343.3M | $128.3M |
总债务PMTRPAY
| Q4 25 | $1.1B | $280.1M | ||
| Q3 25 | $299.0M | $279.5M | ||
| Q2 25 | $1.2B | $279.0M | ||
| Q1 25 | $968.4M | $497.6M | ||
| Q4 24 | $1.0B | $496.8M | ||
| Q3 24 | $5.2B | $496.2M | ||
| Q2 24 | $5.4B | $435.6M | ||
| Q1 24 | $5.1B | $434.9M |
股东权益PMTRPAY
| Q4 25 | $1.9B | $484.4M | ||
| Q3 25 | $1.9B | $616.9M | ||
| Q2 25 | $1.9B | $633.7M | ||
| Q1 25 | $1.9B | $755.7M | ||
| Q4 24 | $1.9B | $761.3M | ||
| Q3 24 | $1.9B | $754.7M | ||
| Q2 24 | $1.9B | $815.4M | ||
| Q1 24 | $2.0B | $813.8M |
总资产PMTRPAY
| Q4 25 | $21.3B | $1.2B | ||
| Q3 25 | $18.5B | $1.3B | ||
| Q2 25 | $16.8B | $1.4B | ||
| Q1 25 | $14.9B | $1.5B | ||
| Q4 24 | $14.4B | $1.6B | ||
| Q3 24 | $13.1B | $1.6B | ||
| Q2 24 | $12.1B | $1.5B | ||
| Q1 24 | $12.3B | $1.5B |
负债/权益比PMTRPAY
| Q4 25 | 0.58× | 0.58× | ||
| Q3 25 | 0.16× | 0.45× | ||
| Q2 25 | 0.65× | 0.44× | ||
| Q1 25 | 0.51× | 0.66× | ||
| Q4 24 | 0.52× | 0.65× | ||
| Q3 24 | 2.70× | 0.66× | ||
| Q2 24 | 2.76× | 0.53× | ||
| Q1 24 | 2.60× | 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 | $-7.2B | $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 | -137.76× | — |
| 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PMTRPAY
| Q4 25 | $-7.2B | $23.3M | ||
| Q3 25 | $-1.3B | $32.2M | ||
| Q2 25 | $-2.0B | $33.1M | ||
| Q1 25 | $-594.3M | $2.5M | ||
| Q4 24 | $-2.7B | $34.3M | ||
| Q3 24 | $-983.8M | $60.1M | ||
| Q2 24 | $243.8M | $31.0M | ||
| Q1 24 | $-342.4M | $24.8M |
自由现金流PMTRPAY
| 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PMTRPAY
| 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PMTRPAY
| 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PMTRPAY
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | — | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | — | ||
| Q3 24 | -23.76× | 18.52× | ||
| Q2 24 | 9.59× | — | ||
| Q1 24 | -7.19× | — |
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
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
