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RADWARE LTD（RDWR）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
Repay Holdings Corp的季度营收约是RADWARE LTD的1.0倍（$78.6M vs $75.3M），RADWARE LTD净利率更高（7.5% vs -178.3%，领先185.8%），过去两年RADWARE LTD的营收复合增速更高（7.1% vs -1.3%）
拉德韦尔是一家为物理、云与软件定义数据中心提供网络安全与应用交付产品的企业，总部位于美国新泽西州莫瓦，全球总部设于以色列，同时在欧洲、非洲及亚太地区均设有办事处，隶属于拉德集团，股份在纳斯达克上市交易。
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。
RDWR vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.0倍
$75.3M
净利率更高
RDWR
高出185.8%
-178.3%
两年增速更快
RDWR
近两年复合增速
-1.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $75.3M | $78.6M |
| 净利润 | $5.7M | $-140.1M |
| 毛利率 | 80.7% | 74.2% |
| 营业利润率 | 4.1% | -182.2% |
| 净利率 | 7.5% | -178.3% |
| 营收同比 | — | 0.4% |
| 净利润同比 | — | -3304.1% |
| 每股收益（稀释后） | — | $-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RDWRRPAY
| Q4 25 | — | $78.6M | ||
| Q3 25 | $75.3M | $77.7M | ||
| Q2 25 | $74.2M | $75.6M | ||
| Q1 25 | $72.1M | $77.3M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | $69.5M | $79.1M | ||
| Q2 24 | $67.3M | $74.9M | ||
| Q1 24 | $65.1M | $80.7M |
净利润RDWRRPAY
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $5.7M | $-6.4M | ||
| Q2 25 | $4.2M | $-102.3M | ||
| Q1 25 | $4.3M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $3.1M | $3.2M | ||
| Q2 24 | $1.7M | $-4.1M | ||
| Q1 24 | $-1.2M | $-5.2M |
毛利率RDWRRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | 80.7% | 74.4% | ||
| Q2 25 | 80.7% | 75.7% | ||
| Q1 25 | 80.6% | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | 80.7% | 77.8% | ||
| Q2 24 | 80.6% | 78.2% | ||
| Q1 24 | 80.3% | 76.2% |
营业利润率RDWRRPAY
| Q4 25 | — | -182.2% | ||
| Q3 25 | 4.1% | -3.9% | ||
| Q2 25 | 3.8% | -138.7% | ||
| Q1 25 | 2.2% | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | -0.0% | -0.9% | ||
| Q2 24 | -1.8% | -4.6% | ||
| Q1 24 | -5.6% | -3.1% |
净利率RDWRRPAY
| Q4 25 | — | -178.3% | ||
| Q3 25 | 7.5% | -8.3% | ||
| Q2 25 | 5.7% | -135.2% | ||
| Q1 25 | 6.0% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 4.5% | 4.1% | ||
| Q2 24 | 2.5% | -5.4% | ||
| Q1 24 | -1.9% | -6.5% |
每股收益（稀释后）RDWRRPAY
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $98.7M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $357.1M | $484.4M |
| 总资产 | $618.7M | $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RDWRRPAY
| Q4 25 | — | $115.7M | ||
| Q3 25 | $98.7M | $95.7M | ||
| Q2 25 | $98.7M | $162.6M | ||
| Q1 25 | $98.7M | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | $70.5M | $168.7M | ||
| Q2 24 | $70.5M | $147.1M | ||
| Q1 24 | $70.5M | $128.3M |
总债务RDWRRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益RDWRRPAY
| Q4 25 | — | $484.4M | ||
| Q3 25 | $357.1M | $616.9M | ||
| Q2 25 | $357.1M | $633.7M | ||
| Q1 25 | $357.1M | $755.7M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | $323.3M | $754.7M | ||
| Q2 24 | $323.3M | $815.4M | ||
| Q1 24 | $323.3M | $813.8M |
总资产RDWRRPAY
| Q4 25 | — | $1.2B | ||
| Q3 25 | $618.7M | $1.3B | ||
| Q2 25 | $618.7M | $1.4B | ||
| Q1 25 | $618.7M | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $571.9M | $1.6B | ||
| Q2 24 | $571.9M | $1.5B | ||
| Q1 24 | $571.9M | $1.5B |
负债/权益比RDWRRPAY
| 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 | — | $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 | — | — |
| 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RDWRRPAY
| Q4 25 | — | $23.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | $14.5M | $33.1M | ||
| Q1 25 | $22.4M | $2.5M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $60.1M | ||
| Q2 24 | $23.0M | $31.0M | ||
| Q1 24 | — | $24.8M |
自由现金流RDWRRPAY
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | $11.8M | $33.0M | ||
| Q1 25 | $21.3M | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | $22.0M | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率RDWRRPAY
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | 15.9% | 43.6% | ||
| Q1 25 | 29.6% | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | 32.7% | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度RDWRRPAY
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | 3.6% | 0.1% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率RDWRRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.43× | — | ||
| Q1 25 | 5.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | 13.84× | — | ||
| 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
RDWR
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
