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Perimeter Solutions, Inc.（PRM）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
Perimeter Solutions, Inc.的季度营收约是Repay Holdings Corp的1.3倍（$102.8M vs $78.6M），Perimeter Solutions, Inc.净利率更高（-136.5% vs -178.3%，领先41.8%），Perimeter Solutions, Inc.同比增速更快（19.2% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $11.6M），过去两年Perimeter Solutions, Inc.的营收复合增速更高（31.9% vs -1.3%）
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
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。
PRM vs RPAY — 直观对比
营收规模更大
PRM
是对方的1.3倍
$78.6M
营收增速更快
PRM
高出18.8%
0.4%
净利率更高
PRM
高出41.8%
-178.3%
自由现金流更多
RPAY
多$11.6M
$11.6M
两年增速更快
PRM
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $102.8M | $78.6M |
| 净利润 | $-140.2M | $-140.1M |
| 毛利率 | 45.2% | 74.2% |
| 营业利润率 | -160.7% | -182.2% |
| 净利率 | -136.5% | -178.3% |
| 营收同比 | 19.2% | 0.4% |
| 净利润同比 | -197.3% | -3304.1% |
| 每股收益（稀释后） | $-0.89 | $-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PRMRPAY
| Q4 25 | $102.8M | $78.6M | ||
| Q3 25 | $315.4M | $77.7M | ||
| Q2 25 | $162.6M | $75.6M | ||
| Q1 25 | $72.0M | $77.3M | ||
| Q4 24 | $86.2M | $78.3M | ||
| Q3 24 | $288.4M | $79.1M | ||
| Q2 24 | $127.3M | $74.9M | ||
| Q1 24 | $59.0M | $80.7M |
净利润PRMRPAY
| Q4 25 | $-140.2M | $-140.1M | ||
| Q3 25 | $-90.7M | $-6.4M | ||
| Q2 25 | $-32.2M | $-102.3M | ||
| Q1 25 | $56.7M | $-7.9M | ||
| Q4 24 | $144.2M | $-4.1M | ||
| Q3 24 | $-89.2M | $3.2M | ||
| Q2 24 | $21.6M | $-4.1M | ||
| Q1 24 | $-82.6M | $-5.2M |
毛利率PRMRPAY
| Q4 25 | 45.2% | 74.2% | ||
| Q3 25 | 63.1% | 74.4% | ||
| Q2 25 | 62.4% | 75.7% | ||
| Q1 25 | 39.1% | 75.9% | ||
| Q4 24 | 48.6% | 76.3% | ||
| Q3 24 | 62.8% | 77.8% | ||
| Q2 24 | 57.6% | 78.2% | ||
| Q1 24 | 35.1% | 76.2% |
营业利润率PRMRPAY
| Q4 25 | -160.7% | -182.2% | ||
| Q3 25 | -27.7% | -3.9% | ||
| Q2 25 | -16.1% | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | 71.1% | -1.5% | ||
| Q3 24 | -12.2% | -0.9% | ||
| Q2 24 | 35.4% | -4.6% | ||
| Q1 24 | -126.8% | -3.1% |
净利率PRMRPAY
| Q4 25 | -136.5% | -178.3% | ||
| Q3 25 | -28.7% | -8.3% | ||
| Q2 25 | -19.8% | -135.2% | ||
| Q1 25 | 78.7% | -10.3% | ||
| Q4 24 | 167.2% | -5.3% | ||
| Q3 24 | -30.9% | 4.1% | ||
| Q2 24 | 17.0% | -5.4% | ||
| Q1 24 | -139.8% | -6.5% |
每股收益（稀释后）PRMRPAY
| Q4 25 | $-0.89 | $-1.68 | ||
| Q3 25 | $-0.62 | $-0.08 | ||
| Q2 25 | $-0.22 | $-1.15 | ||
| Q1 25 | $0.36 | $-0.09 | ||
| Q4 24 | $1.00 | $-0.04 | ||
| Q3 24 | $-0.61 | $0.03 | ||
| Q2 24 | $0.14 | $-0.04 | ||
| Q1 24 | $-0.57 | $-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 | $325.9M | $115.7M |
| 总债务越低越好 | $669.1M | $280.1M |
| 股东权益账面价值 | $1.1B | $484.4M |
| 总资产 | $2.7B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资PRMRPAY
| Q4 25 | $325.9M | $115.7M | ||
| Q3 25 | $340.6M | $95.7M | ||
| Q2 25 | $140.7M | $162.6M | ||
| Q1 25 | $200.1M | $165.5M | ||
| Q4 24 | $198.5M | $189.5M | ||
| Q3 24 | $223.1M | $168.7M | ||
| Q2 24 | $43.2M | $147.1M | ||
| Q1 24 | $38.7M | $128.3M |
总债务PRMRPAY
| Q4 25 | $669.1M | $280.1M | ||
| Q3 25 | $668.8M | $279.5M | ||
| Q2 25 | $668.4M | $279.0M | ||
| Q1 25 | $668.1M | $497.6M | ||
| Q4 24 | $667.8M | $496.8M | ||
| Q3 24 | $667.4M | $496.2M | ||
| Q2 24 | $667.1M | $435.6M | ||
| Q1 24 | $666.8M | $434.9M |
股东权益PRMRPAY
| Q4 25 | $1.1B | $484.4M | ||
| Q3 25 | $1.1B | $616.9M | ||
| Q2 25 | $1.2B | $633.7M | ||
| Q1 25 | $1.2B | $755.7M | ||
| Q4 24 | $1.2B | $761.3M | ||
| Q3 24 | $1.0B | $754.7M | ||
| Q2 24 | $1.1B | $815.4M | ||
| Q1 24 | $1.1B | $813.8M |
总资产PRMRPAY
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.3B | $1.5B |
负债/权益比PRMRPAY
| Q4 25 | 0.59× | 0.58× | ||
| Q3 25 | 0.60× | 0.45× | ||
| Q2 25 | 0.57× | 0.44× | ||
| Q1 25 | 0.55× | 0.66× | ||
| Q4 24 | 0.58× | 0.65× | ||
| Q3 24 | 0.67× | 0.66× | ||
| Q2 24 | 0.62× | 0.53× | ||
| Q1 24 | 0.63× | 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 | $18.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $23.2M |
| 自由现金流率自由现金流/营收 | 11.3% | 29.6% |
| 资本支出强度资本支出/营收 | 6.8% | 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 | $208.6M | $90.7M |
8季度趋势，按日历期对齐
经营现金流PRMRPAY
| Q4 25 | $18.6M | $23.3M | ||
| Q3 25 | $198.7M | $32.2M | ||
| Q2 25 | $-2.9M | $33.1M | ||
| Q1 25 | $23.7M | $2.5M | ||
| Q4 24 | $-6.0M | $34.3M | ||
| Q3 24 | $183.0M | $60.1M | ||
| Q2 24 | $8.6M | $31.0M | ||
| Q1 24 | $2.8M | $24.8M |
自由现金流PRMRPAY
| Q4 25 | $11.6M | $23.2M | ||
| Q3 25 | $193.6M | $32.1M | ||
| Q2 25 | $-15.6M | $33.0M | ||
| Q1 25 | $18.9M | $2.4M | ||
| Q4 24 | $-12.4M | $34.0M | ||
| Q3 24 | $179.1M | $59.8M | ||
| Q2 24 | $5.0M | $30.5M | ||
| Q1 24 | $1.2M | $24.7M |
自由现金流率PRMRPAY
| Q4 25 | 11.3% | 29.6% | ||
| Q3 25 | 61.4% | 41.3% | ||
| Q2 25 | -9.6% | 43.6% | ||
| Q1 25 | 26.3% | 3.0% | ||
| Q4 24 | -14.4% | 43.5% | ||
| Q3 24 | 62.1% | 75.6% | ||
| Q2 24 | 3.9% | 40.7% | ||
| Q1 24 | 2.1% | 30.6% |
资本支出强度PRMRPAY
| Q4 25 | 6.8% | 0.1% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 7.8% | 0.1% | ||
| Q1 25 | 6.7% | 0.2% | ||
| Q4 24 | 7.5% | 0.3% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 2.6% | 0.1% |
现金转化率PRMRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | -0.04× | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 0.40× | — | ||
| 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
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
