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ROCKY BRANDS, INC.（RCKY）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
ROCKY BRANDS, INC.的季度营收约是Repay Holdings Corp的1.8倍（$139.7M vs $78.6M），ROCKY BRANDS, INC.净利率更高（4.7% vs -178.3%，领先183.0%），ROCKY BRANDS, INC.同比增速更快（9.1% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $16.7M），过去两年ROCKY BRANDS, INC.的营收复合增速更高（11.2% vs -1.3%）
洛基品牌公司（原洛基鞋靴公司）1932年创立于俄亥俄州纳尔逊维尔，总部至今仍设于该地。公司主营户外、工装、西部风格及军用鞋靴的设计研发、生产与销售，同时也推出各类户外与工装服饰及周边配件。
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。
RCKY vs RPAY — 直观对比
营收规模更大
RCKY
是对方的1.8倍
$78.6M
营收增速更快
RCKY
高出8.7%
0.4%
净利率更高
RCKY
高出183.0%
-178.3%
自由现金流更多
RPAY
多$6.5M
$16.7M
两年增速更快
RCKY
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $139.7M | $78.6M |
| 净利润 | $6.5M | $-140.1M |
| 毛利率 | 41.3% | 74.2% |
| 营业利润率 | 6.9% | -182.2% |
| 净利率 | 4.7% | -178.3% |
| 营收同比 | 9.1% | 0.4% |
| 净利润同比 | 35.7% | -3304.1% |
| 每股收益（稀释后） | $0.86 | $-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RCKYRPAY
| Q4 25 | $139.7M | $78.6M | ||
| Q3 25 | $122.5M | $77.7M | ||
| Q2 25 | $105.6M | $75.6M | ||
| Q1 25 | $114.1M | $77.3M | ||
| Q4 24 | $128.1M | $78.3M | ||
| Q3 24 | $114.6M | $79.1M | ||
| Q2 24 | $98.3M | $74.9M | ||
| Q1 24 | $112.9M | $80.7M |
净利润RCKYRPAY
| Q4 25 | $6.5M | $-140.1M | ||
| Q3 25 | $7.2M | $-6.4M | ||
| Q2 25 | $3.6M | $-102.3M | ||
| Q1 25 | $4.9M | $-7.9M | ||
| Q4 24 | $4.8M | $-4.1M | ||
| Q3 24 | $5.3M | $3.2M | ||
| Q2 24 | $-1.2M | $-4.1M | ||
| Q1 24 | $2.5M | $-5.2M |
毛利率RCKYRPAY
| Q4 25 | 41.3% | 74.2% | ||
| Q3 25 | 40.2% | 74.4% | ||
| Q2 25 | 41.0% | 75.7% | ||
| Q1 25 | 41.2% | 75.9% | ||
| Q4 24 | 41.5% | 76.3% | ||
| Q3 24 | 38.1% | 77.8% | ||
| Q2 24 | 38.7% | 78.2% | ||
| Q1 24 | 39.1% | 76.2% |
营业利润率RCKYRPAY
| Q4 25 | 6.9% | -182.2% | ||
| Q3 25 | 9.6% | -3.9% | ||
| Q2 25 | 6.8% | -138.7% | ||
| Q1 25 | 7.6% | -4.7% | ||
| Q4 24 | 6.6% | -1.5% | ||
| Q3 24 | 8.8% | -0.9% | ||
| Q2 24 | 4.6% | -4.6% | ||
| Q1 24 | 7.1% | -3.1% |
净利率RCKYRPAY
| Q4 25 | 4.7% | -178.3% | ||
| Q3 25 | 5.9% | -8.3% | ||
| Q2 25 | 3.4% | -135.2% | ||
| Q1 25 | 4.3% | -10.3% | ||
| Q4 24 | 3.7% | -5.3% | ||
| Q3 24 | 4.6% | 4.1% | ||
| Q2 24 | -1.3% | -5.4% | ||
| Q1 24 | 2.3% | -6.5% |
每股收益（稀释后）RCKYRPAY
| Q4 25 | $0.86 | $-1.68 | ||
| Q3 25 | $0.96 | $-0.08 | ||
| Q2 25 | $0.48 | $-1.15 | ||
| Q1 25 | $0.66 | $-0.09 | ||
| Q4 24 | $0.65 | $-0.04 | ||
| Q3 24 | $0.70 | $0.03 | ||
| Q2 24 | $-0.17 | $-0.04 | ||
| Q1 24 | $0.34 | $-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 | $2.9M | $115.7M |
| 总债务越低越好 | $122.6M | $280.1M |
| 股东权益账面价值 | $252.1M | $484.4M |
| 总资产 | $477.5M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资RCKYRPAY
| Q4 25 | $2.9M | $115.7M | ||
| Q3 25 | $3.3M | $95.7M | ||
| Q2 25 | $2.8M | $162.6M | ||
| Q1 25 | $2.6M | $165.5M | ||
| Q4 24 | $3.7M | $189.5M | ||
| Q3 24 | $3.7M | $168.7M | ||
| Q2 24 | $4.1M | $147.1M | ||
| Q1 24 | $3.1M | $128.3M |
总债务RCKYRPAY
| Q4 25 | $122.6M | $280.1M | ||
| Q3 25 | $139.0M | $279.5M | ||
| Q2 25 | $132.5M | $279.0M | ||
| Q1 25 | $128.6M | $497.6M | ||
| Q4 24 | $128.7M | $496.8M | ||
| Q3 24 | $150.3M | $496.2M | ||
| Q2 24 | $152.4M | $435.6M | ||
| Q1 24 | $156.0M | $434.9M |
股东权益RCKYRPAY
| Q4 25 | $252.1M | $484.4M | ||
| Q3 25 | $246.1M | $616.9M | ||
| Q2 25 | $239.1M | $633.7M | ||
| Q1 25 | $236.2M | $755.7M | ||
| Q4 24 | $232.2M | $761.3M | ||
| Q3 24 | $228.3M | $754.7M | ||
| Q2 24 | $223.8M | $815.4M | ||
| Q1 24 | $225.3M | $813.8M |
总资产RCKYRPAY
| Q4 25 | $477.5M | $1.2B | ||
| Q3 25 | $494.0M | $1.3B | ||
| Q2 25 | $471.0M | $1.4B | ||
| Q1 25 | $468.2M | $1.5B | ||
| Q4 24 | $457.3M | $1.6B | ||
| Q3 24 | $475.0M | $1.6B | ||
| Q2 24 | $467.9M | $1.5B | ||
| Q1 24 | $466.5M | $1.5B |
负债/权益比RCKYRPAY
| Q4 25 | 0.49× | 0.58× | ||
| Q3 25 | 0.57× | 0.45× | ||
| Q2 25 | 0.55× | 0.44× | ||
| Q1 25 | 0.54× | 0.66× | ||
| Q4 24 | 0.55× | 0.65× | ||
| Q3 24 | 0.66× | 0.66× | ||
| Q2 24 | 0.68× | 0.53× | ||
| Q1 24 | 0.69× | 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 | $17.6M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $16.7M | $23.2M |
| 自由现金流率自由现金流/营收 | 12.0% | 29.6% |
| 资本支出强度资本支出/营收 | 0.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.70× | — |
| 过去12个月自由现金流最近4个季度 | $9.7M | $90.7M |
8季度趋势，按日历期对齐
经营现金流RCKYRPAY
| Q4 25 | $17.6M | $23.3M | ||
| Q3 25 | $-3.3M | $32.2M | ||
| Q2 25 | $812.0K | $33.1M | ||
| Q1 25 | $1.2M | $2.5M | ||
| Q4 24 | $24.4M | $34.3M | ||
| Q3 24 | $4.5M | $60.1M | ||
| Q2 24 | $6.5M | $31.0M | ||
| Q1 24 | $17.4M | $24.8M |
自由现金流RCKYRPAY
| Q4 25 | $16.7M | $23.2M | ||
| Q3 25 | $-5.2M | $32.1M | ||
| Q2 25 | $-2.4M | $33.0M | ||
| Q1 25 | $529.0K | $2.4M | ||
| Q4 24 | $22.9M | $34.0M | ||
| Q3 24 | $3.5M | $59.8M | ||
| Q2 24 | $4.6M | $30.5M | ||
| Q1 24 | $17.1M | $24.7M |
自由现金流率RCKYRPAY
| Q4 25 | 12.0% | 29.6% | ||
| Q3 25 | -4.2% | 41.3% | ||
| Q2 25 | -2.2% | 43.6% | ||
| Q1 25 | 0.5% | 3.0% | ||
| Q4 24 | 17.9% | 43.5% | ||
| Q3 24 | 3.0% | 75.6% | ||
| Q2 24 | 4.7% | 40.7% | ||
| Q1 24 | 15.2% | 30.6% |
资本支出强度RCKYRPAY
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 1.5% | 0.2% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 1.2% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 1.9% | 0.6% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率RCKYRPAY
| Q4 25 | 2.70× | — | ||
| Q3 25 | -0.46× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 5.08× | — | ||
| Q3 24 | 0.85× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.82× | — |
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
RCKY
| Wholesale | $79.6M | 57% |
| Retail1 | $57.0M | 41% |
| Contract Manufacturing | $3.2M | 2% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
