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CPI Card Group Inc.（PMTS）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
CPI Card Group Inc.的季度营收约是Repay Holdings Corp的1.9倍（$153.1M vs $78.6M），CPI Card Group Inc.净利率更高（4.8% vs -178.3%，领先183.1%），CPI Card Group Inc.同比增速更快（22.3% vs 0.4%），CPI Card Group Inc.自由现金流更多（$35.2M vs $23.2M），过去两年CPI Card Group Inc.的营收复合增速更高（16.9% vs -1.3%）
CPI Card Group Inc.是知名的支付卡生产及配套解决方案供应商，主营接触式、非接触式信用卡、借记卡、预付卡的制造与个性化定制服务，客户以北美地区的金融机构、金融科技企业及零售品牌为主。
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。
PMTS vs RPAY — 直观对比
营收规模更大
PMTS
是对方的1.9倍
$78.6M
营收增速更快
PMTS
高出21.9%
0.4%
净利率更高
PMTS
高出183.1%
-178.3%
自由现金流更多
PMTS
多$12.0M
$23.2M
两年增速更快
PMTS
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $153.1M | $78.6M |
| 净利润 | $7.3M | $-140.1M |
| 毛利率 | 31.5% | 74.2% |
| 营业利润率 | 12.0% | -182.2% |
| 净利率 | 4.8% | -178.3% |
| 营收同比 | 22.3% | 0.4% |
| 净利润同比 | 8.5% | -3304.1% |
| 每股收益（稀释后） | $0.62 | $-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PMTSRPAY
| Q4 25 | $153.1M | $78.6M | ||
| Q3 25 | $138.0M | $77.7M | ||
| Q2 25 | $129.8M | $75.6M | ||
| Q1 25 | $122.8M | $77.3M | ||
| Q4 24 | $125.1M | $78.3M | ||
| Q3 24 | $124.8M | $79.1M | ||
| Q2 24 | $118.8M | $74.9M | ||
| Q1 24 | $111.9M | $80.7M |
净利润PMTSRPAY
| Q4 25 | $7.3M | $-140.1M | ||
| Q3 25 | $2.3M | $-6.4M | ||
| Q2 25 | $518.0K | $-102.3M | ||
| Q1 25 | $4.8M | $-7.9M | ||
| Q4 24 | $6.8M | $-4.1M | ||
| Q3 24 | $1.3M | $3.2M | ||
| Q2 24 | $6.0M | $-4.1M | ||
| Q1 24 | $5.5M | $-5.2M |
毛利率PMTSRPAY
| Q4 25 | 31.5% | 74.2% | ||
| Q3 25 | 29.7% | 74.4% | ||
| Q2 25 | 30.9% | 75.7% | ||
| Q1 25 | 33.2% | 75.9% | ||
| Q4 24 | 34.1% | 76.3% | ||
| Q3 24 | 35.8% | 77.8% | ||
| Q2 24 | 35.7% | 78.2% | ||
| Q1 24 | 37.1% | 76.2% |
营业利润率PMTSRPAY
| Q4 25 | 12.0% | -182.2% | ||
| Q3 25 | 9.4% | -3.9% | ||
| Q2 25 | 7.3% | -138.7% | ||
| Q1 25 | 11.5% | -4.7% | ||
| Q4 24 | 12.7% | -1.5% | ||
| Q3 24 | 14.3% | -0.9% | ||
| Q2 24 | 12.5% | -4.6% | ||
| Q1 24 | 12.6% | -3.1% |
净利率PMTSRPAY
| Q4 25 | 4.8% | -178.3% | ||
| Q3 25 | 1.7% | -8.3% | ||
| Q2 25 | 0.4% | -135.2% | ||
| Q1 25 | 3.9% | -10.3% | ||
| Q4 24 | 5.4% | -5.3% | ||
| Q3 24 | 1.0% | 4.1% | ||
| Q2 24 | 5.1% | -5.4% | ||
| Q1 24 | 4.9% | -6.5% |
每股收益（稀释后）PMTSRPAY
| Q4 25 | $0.62 | $-1.68 | ||
| Q3 25 | $0.19 | $-0.08 | ||
| Q2 25 | $0.04 | $-1.15 | ||
| Q1 25 | $0.40 | $-0.09 | ||
| Q4 24 | $0.56 | $-0.04 | ||
| Q3 24 | $0.11 | $0.03 | ||
| Q2 24 | $0.51 | $-0.04 | ||
| Q1 24 | $0.46 | $-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 | $21.7M | $115.7M |
| 总债务越低越好 | $286.7M | $280.1M |
| 股东权益账面价值 | $-17.3M | $484.4M |
| 总资产 | $403.2M | $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PMTSRPAY
| Q4 25 | $21.7M | $115.7M | ||
| Q3 25 | $16.0M | $95.7M | ||
| Q2 25 | $17.1M | $162.6M | ||
| Q1 25 | $31.5M | $165.5M | ||
| Q4 24 | $33.5M | $189.5M | ||
| Q3 24 | $14.7M | $168.7M | ||
| Q2 24 | $7.5M | $147.1M | ||
| Q1 24 | $17.1M | $128.3M |
总债务PMTSRPAY
| Q4 25 | $286.7M | $280.1M | ||
| Q3 25 | $308.4M | $279.5M | ||
| Q2 25 | $310.9M | $279.0M | ||
| Q1 25 | $280.7M | $497.6M | ||
| Q4 24 | $280.4M | $496.8M | ||
| Q3 24 | $280.2M | $496.2M | ||
| Q2 24 | $269.7M | $435.6M | ||
| Q1 24 | $265.3M | $434.9M |
股东权益PMTSRPAY
| Q4 25 | $-17.3M | $484.4M | ||
| Q3 25 | $-25.7M | $616.9M | ||
| Q2 25 | $-29.0M | $633.7M | ||
| Q1 25 | $-29.7M | $755.7M | ||
| Q4 24 | $-35.6M | $761.3M | ||
| Q3 24 | $-42.8M | $754.7M | ||
| Q2 24 | $-44.6M | $815.4M | ||
| Q1 24 | $-48.5M | $813.8M |
总资产PMTSRPAY
| Q4 25 | $403.2M | $1.2B | ||
| Q3 25 | $407.1M | $1.3B | ||
| Q2 25 | $399.8M | $1.4B | ||
| Q1 25 | $351.9M | $1.5B | ||
| Q4 24 | $349.7M | $1.6B | ||
| Q3 24 | $342.3M | $1.6B | ||
| Q2 24 | $321.4M | $1.5B | ||
| Q1 24 | $319.8M | $1.5B |
负债/权益比PMTSRPAY
| 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 | $39.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $35.2M | $23.2M |
| 自由现金流率自由现金流/营收 | 23.0% | 29.6% |
| 资本支出强度资本支出/营收 | 2.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 5.39× | — |
| 过去12个月自由现金流最近4个季度 | $41.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流PMTSRPAY
| Q4 25 | $39.6M | $23.3M | ||
| Q3 25 | $10.0M | $32.2M | ||
| Q2 25 | $4.3M | $33.1M | ||
| Q1 25 | $5.6M | $2.5M | ||
| Q4 24 | $26.7M | $34.3M | ||
| Q3 24 | $12.5M | $60.1M | ||
| Q2 24 | $-4.8M | $31.0M | ||
| Q1 24 | $8.9M | $24.8M |
自由现金流PMTSRPAY
| Q4 25 | $35.2M | $23.2M | ||
| Q3 25 | $5.3M | $32.1M | ||
| Q2 25 | $533.0K | $33.0M | ||
| Q1 25 | $292.0K | $2.4M | ||
| Q4 24 | $21.6M | $34.0M | ||
| Q3 24 | $11.1M | $59.8M | ||
| Q2 24 | $-6.0M | $30.5M | ||
| Q1 24 | $7.4M | $24.7M |
自由现金流率PMTSRPAY
| Q4 25 | 23.0% | 29.6% | ||
| Q3 25 | 3.8% | 41.3% | ||
| Q2 25 | 0.4% | 43.6% | ||
| Q1 25 | 0.2% | 3.0% | ||
| Q4 24 | 17.3% | 43.5% | ||
| Q3 24 | 8.9% | 75.6% | ||
| Q2 24 | -5.0% | 40.7% | ||
| Q1 24 | 6.6% | 30.6% |
资本支出强度PMTSRPAY
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 3.4% | 0.2% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 4.0% | 0.3% | ||
| Q3 24 | 1.2% | 0.3% | ||
| Q2 24 | 1.0% | 0.6% | ||
| Q1 24 | 1.3% | 0.1% |
现金转化率PMTSRPAY
| Q4 25 | 5.39× | — | ||
| Q3 25 | 4.32× | — | ||
| Q2 25 | 8.39× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 9.70× | 18.52× | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.63× | — |
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
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
