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Q2 Holdings, Inc.（QTWO）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
Q2 Holdings, Inc.的季度营收约是REPLIGEN CORP的1.1倍（$216.5M vs $197.9M），Q2 Holdings, Inc.净利率更高（12.3% vs 6.7%，领先5.6%），Q2 Holdings, Inc.同比增速更快（14.1% vs 13.6%），Q2 Holdings, Inc.自由现金流更多（$44.2M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 11.9%）
Q2 Holdings是一家全球金融科技企业，主要开发云原生数字银行平台及解决方案，服务地区性银行、社区银行、信用合作社等金融机构，帮助其为个人及企业客户提供安全便捷的线上、移动端银行服务，核心市场覆盖北美。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
QTWO vs RGEN — 直观对比
营收规模更大
QTWO
是对方的1.1倍
$197.9M
营收增速更快
QTWO
高出0.5%
13.6%
净利率更高
QTWO
高出5.6%
6.7%
自由现金流更多
QTWO
多$26.7M
$17.6M
两年增速更快
RGEN
近两年复合增速
11.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $216.5M | $197.9M |
| 净利润 | $26.6M | $13.3M |
| 毛利率 | 59.1% | 52.5% |
| 营业利润率 | 12.8% | 9.0% |
| 净利率 | 12.3% | 6.7% |
| 营收同比 | 14.1% | 13.6% |
| 净利润同比 | 460.5% | 143.9% |
| 每股收益（稀释后） | $0.40 | $0.24 |
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QTWORGEN
| Q1 26 | $216.5M | — | ||
| Q4 25 | $208.2M | $197.9M | ||
| Q3 25 | $201.7M | $188.8M | ||
| Q2 25 | $195.1M | $182.4M | ||
| Q1 25 | $189.7M | $169.2M | ||
| Q4 24 | $183.0M | $174.1M | ||
| Q3 24 | $175.0M | $154.9M | ||
| Q2 24 | $172.9M | $154.1M |
净利润QTWORGEN
| Q1 26 | $26.6M | — | ||
| Q4 25 | $20.4M | $13.3M | ||
| Q3 25 | $15.0M | $14.9M | ||
| Q2 25 | $11.8M | $14.9M | ||
| Q1 25 | $4.8M | $5.8M | ||
| Q4 24 | $164.0K | $-30.3M | ||
| Q3 24 | $-11.8M | $-654.0K | ||
| Q2 24 | $-13.1M | $3.3M |
毛利率QTWORGEN
| Q1 26 | 59.1% | — | ||
| Q4 25 | 55.4% | 52.5% | ||
| Q3 25 | 54.0% | 53.2% | ||
| Q2 25 | 53.6% | 50.0% | ||
| Q1 25 | 53.2% | 53.6% | ||
| Q4 24 | 52.6% | 26.1% | ||
| Q3 24 | 50.9% | 50.0% | ||
| Q2 24 | 50.2% | 49.8% |
营业利润率QTWORGEN
| Q1 26 | 12.8% | — | ||
| Q4 25 | 8.1% | 9.0% | ||
| Q3 25 | 5.5% | 8.9% | ||
| Q2 25 | 5.0% | 7.6% | ||
| Q1 25 | 1.2% | 3.9% | ||
| Q4 24 | -0.9% | -17.7% | ||
| Q3 24 | -7.3% | -5.1% | ||
| Q2 24 | -7.9% | 1.0% |
净利率QTWORGEN
| Q1 26 | 12.3% | — | ||
| Q4 25 | 9.8% | 6.7% | ||
| Q3 25 | 7.5% | 7.9% | ||
| Q2 25 | 6.0% | 8.2% | ||
| Q1 25 | 2.5% | 3.4% | ||
| Q4 24 | 0.1% | -17.4% | ||
| Q3 24 | -6.7% | -0.4% | ||
| Q2 24 | -7.6% | 2.2% |
每股收益（稀释后）QTWORGEN
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.32 | $0.24 | ||
| Q3 25 | $0.23 | $0.26 | ||
| Q2 25 | $0.18 | $0.26 | ||
| Q1 25 | $0.07 | $0.10 | ||
| Q4 24 | $0.01 | $-0.55 | ||
| Q3 24 | $-0.20 | $-0.01 | ||
| Q2 24 | $-0.22 | $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 | $342.3M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $611.7M | $2.1B |
| 总资产 | $1.2B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资QTWORGEN
| Q1 26 | $342.3M | — | ||
| Q4 25 | $432.7M | $767.6M | ||
| Q3 25 | $568.7M | $748.7M | ||
| Q2 25 | $532.1M | $708.9M | ||
| Q1 25 | $486.0M | $697.2M | ||
| Q4 24 | $446.6M | $757.4M | ||
| Q3 24 | $407.9M | $784.0M | ||
| Q2 24 | $372.1M | $809.1M |
总债务QTWORGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益QTWORGEN
| Q1 26 | $611.7M | — | ||
| Q4 25 | $661.8M | $2.1B | ||
| Q3 25 | $622.9M | $2.1B | ||
| Q2 25 | $584.3M | $2.1B | ||
| Q1 25 | $545.5M | $2.0B | ||
| Q4 24 | $517.8M | $2.0B | ||
| Q3 24 | $495.1M | $2.0B | ||
| Q2 24 | $480.7M | $2.0B |
总资产QTWORGEN
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.4B | $2.9B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $1.2B | $2.9B |
负债/权益比QTWORGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $56.3M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $44.2M | $17.6M |
| 自由现金流率自由现金流/营收 | 20.4% | 8.9% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 2.11× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $196.1M | $93.9M |
8季度趋势，按日历期对齐
经营现金流QTWORGEN
| Q1 26 | $56.3M | — | ||
| Q4 25 | $63.7M | $25.7M | ||
| Q3 25 | $45.6M | $48.1M | ||
| Q2 25 | $48.6M | $28.6M | ||
| Q1 25 | $43.5M | $15.0M | ||
| Q4 24 | $43.0M | $39.2M | ||
| Q3 24 | $43.3M | $49.3M | ||
| Q2 24 | $36.0M | $42.2M |
自由现金流QTWORGEN
| Q1 26 | $44.2M | — | ||
| Q4 25 | $61.7M | $17.6M | ||
| Q3 25 | $42.9M | $43.4M | ||
| Q2 25 | $47.3M | $21.5M | ||
| Q1 25 | $42.7M | $11.4M | ||
| Q4 24 | $41.6M | $33.6M | ||
| Q3 24 | $40.9M | $42.3M | ||
| Q2 24 | $34.6M | $37.4M |
自由现金流率QTWORGEN
| Q1 26 | 20.4% | — | ||
| Q4 25 | 29.6% | 8.9% | ||
| Q3 25 | 21.3% | 23.0% | ||
| Q2 25 | 24.3% | 11.8% | ||
| Q1 25 | 22.5% | 6.8% | ||
| Q4 24 | 22.7% | 19.3% | ||
| Q3 24 | 23.3% | 27.3% | ||
| Q2 24 | 20.0% | 24.3% |
资本支出强度QTWORGEN
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 4.1% | ||
| Q3 25 | 1.3% | 2.5% | ||
| Q2 25 | 0.7% | 3.9% | ||
| Q1 25 | 0.4% | 2.1% | ||
| Q4 24 | 0.8% | 3.2% | ||
| Q3 24 | 1.4% | 4.5% | ||
| Q2 24 | 0.8% | 3.1% |
现金转化率QTWORGEN
| Q1 26 | 2.11× | — | ||
| Q4 25 | 3.12× | 1.93× | ||
| Q3 25 | 3.03× | 3.23× | ||
| Q2 25 | 4.13× | 1.92× | ||
| Q1 25 | 9.16× | 2.57× | ||
| Q4 24 | 262.41× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× |
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
QTWO
| Subscription | $179.9M | 83% |
| Services and Other | $18.8M | 9% |
| Transactional | $17.8M | 8% |
RGEN
暂无分部数据
