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Alight, Inc.（ALIT）与美客多（MELI）财务数据对比。点击上方公司名可切换其他公司
美客多的季度营收约是Alight, Inc.的9.4倍（$6.1B vs $653.0M）。美客多净利率更高（9.1% vs -142.7%，领先151.8%）。美客多同比增速更快（40.2% vs -4.0%）。美客多自由现金流更多（$4.8B vs $99.0M）。过去两年美客多的营收复合增速更高（40.7% vs 8.1%）
Alight公司是一家美国信息技术与咨询企业，专注于人力资源相关业务，主打基于云的系统服务、业务外包与咨询服务，为大型企业提供人力资本管理平台与外包方案，业务范围涵盖健康福利管理、财务管理以及退休规划等领域。
美客多（Mercado Libre）是起源于阿根廷、在美国特拉华州注册的互联网企业，核心业务涵盖电商平台运营及在线拍卖服务，是拉丁美洲头部电商平台。截至2016年，其在拉美地区拥有1.742亿用户，是当地访问量最高的电商站点。
ALIT vs MELI — 直观对比
营收规模更大
MELI
是对方的9.4倍
$653.0M
营收增速更快
MELI
高出44.1%
-4.0%
净利率更高
MELI
高出151.8%
-142.7%
自由现金流更多
MELI
多$4.7B
$99.0M
两年增速更快
MELI
近两年复合增速
8.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $6.1B |
| 净利润 | $-932.0M | $559.0M |
| 毛利率 | 36.8% | 61.7% |
| 营业利润率 | -114.9% | 14.5% |
| 净利率 | -142.7% | 9.1% |
| 营收同比 | -4.0% | 40.2% |
| 净利润同比 | -11750.0% | -12.5% |
| 每股收益（稀释后） | $-1.77 | $11.03 |
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ALITMELI
| Q4 25 | $653.0M | $6.1B | ||
| Q3 25 | $533.0M | $5.2B | ||
| Q2 25 | $528.0M | $4.8B | ||
| Q1 25 | $548.0M | $4.2B | ||
| Q4 24 | $680.0M | $4.4B | ||
| Q3 24 | $555.0M | $3.9B | ||
| Q2 24 | $538.0M | $3.8B | ||
| Q1 24 | $559.0M | $3.1B |
净利润ALITMELI
| Q4 25 | $-932.0M | $559.0M | ||
| Q3 25 | $-1.1B | $421.0M | ||
| Q2 25 | $-1.1B | $523.0M | ||
| Q1 25 | $-25.0M | $494.0M | ||
| Q4 24 | $8.0M | $639.0M | ||
| Q3 24 | $-74.0M | $397.0M | ||
| Q2 24 | $23.0M | $531.0M | ||
| Q1 24 | $-114.0M | $344.0M |
毛利率ALITMELI
| Q4 25 | 36.8% | 61.7% | ||
| Q3 25 | 33.4% | 61.7% | ||
| Q2 25 | 33.3% | 64.4% | ||
| Q1 25 | 31.2% | 66.1% | ||
| Q4 24 | 39.9% | 62.8% | ||
| Q3 24 | 31.4% | 62.6% | ||
| Q2 24 | 31.0% | 62.8% | ||
| Q1 24 | 32.6% | 65.3% |
营业利润率ALITMELI
| Q4 25 | -114.9% | 14.5% | ||
| Q3 25 | -248.0% | 13.9% | ||
| Q2 25 | -191.3% | 17.2% | ||
| Q1 25 | -1.5% | 18.2% | ||
| Q4 24 | 6.5% | 18.7% | ||
| Q3 24 | -7.6% | 14.3% | ||
| Q2 24 | -9.7% | 19.3% | ||
| Q1 24 | -7.2% | 17.0% |
净利率ALITMELI
| Q4 25 | -142.7% | 9.1% | ||
| Q3 25 | -200.2% | 8.1% | ||
| Q2 25 | -203.2% | 10.9% | ||
| Q1 25 | -4.6% | 11.8% | ||
| Q4 24 | 1.2% | 14.6% | ||
| Q3 24 | -13.3% | 10.2% | ||
| Q2 24 | 4.3% | 14.1% | ||
| Q1 24 | -20.4% | 11.1% |
每股收益（稀释后）ALITMELI
| Q4 25 | $-1.77 | $11.03 | ||
| Q3 25 | $-2.02 | $8.32 | ||
| Q2 25 | $-2.03 | $10.31 | ||
| Q1 25 | $-0.05 | $9.74 | ||
| Q4 24 | $0.02 | $12.60 | ||
| Q3 24 | $-0.14 | $7.83 | ||
| Q2 24 | $0.04 | $10.48 | ||
| Q1 24 | $-0.21 | $6.78 |
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 | $273.0M | $6.3B |
| 总债务越低越好 | $2.0B | $4.6B |
| 股东权益账面价值 | $1.0B | $6.7B |
| 总资产 | $4.6B | $42.7B |
| 负债/权益比越低杠杆越低 | 1.92× | 0.68× |
8季度趋势，按日历期对齐
现金及短期投资ALITMELI
| Q4 25 | $273.0M | $6.3B | ||
| Q3 25 | $205.0M | $6.3B | ||
| Q2 25 | $227.0M | $7.6B | ||
| Q1 25 | $223.0M | $8.1B | ||
| Q4 24 | $343.0M | $7.1B | ||
| Q3 24 | $300.0M | $6.7B | ||
| Q2 24 | $183.0M | $6.9B | ||
| Q1 24 | $256.0M | $6.3B |
总债务ALITMELI
| Q4 25 | $2.0B | $4.6B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $2.0B | $3.5B | ||
| Q1 25 | $2.0B | $2.9B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.8B | $2.4B | ||
| Q1 24 | $2.8B | $2.2B |
股东权益ALITMELI
| Q4 25 | $1.0B | $6.7B | ||
| Q3 25 | $2.0B | $6.2B | ||
| Q2 25 | $3.1B | $5.7B | ||
| Q1 25 | $4.2B | $5.0B | ||
| Q4 24 | $4.3B | $4.4B | ||
| Q3 24 | $4.3B | $4.0B | ||
| Q2 24 | $4.5B | $3.7B | ||
| Q1 24 | $4.5B | $3.4B |
总资产ALITMELI
| Q4 25 | $4.6B | $42.7B | ||
| Q3 25 | $5.5B | $36.7B | ||
| Q2 25 | $6.8B | $32.9B | ||
| Q1 25 | $7.9B | $27.7B | ||
| Q4 24 | $8.2B | $25.2B | ||
| Q3 24 | $8.3B | $22.6B | ||
| Q2 24 | $10.5B | $20.0B | ||
| Q1 24 | $10.7B | $19.1B |
负债/权益比ALITMELI
| Q4 25 | 1.92× | 0.68× | ||
| Q3 25 | 1.00× | 0.55× | ||
| Q2 25 | 0.65× | 0.61× | ||
| Q1 25 | 0.48× | 0.57× | ||
| Q4 24 | 0.47× | 0.66× | ||
| Q3 24 | 0.47× | 0.78× | ||
| Q2 24 | 0.62× | 0.67× | ||
| Q1 24 | 0.62× | 0.66× |
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 | $124.0M | $5.2B |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $4.8B |
| 自由现金流率自由现金流/营收 | 15.2% | 77.9% |
| 资本支出强度资本支出/营收 | 3.8% | 7.0% |
| 现金转化率经营现金流/净利润 | — | 9.32× |
| 过去12个月自由现金流最近4个季度 | $250.0M | $10.8B |
8季度趋势，按日历期对齐
经营现金流ALITMELI
| Q4 25 | $124.0M | $5.2B | ||
| Q3 25 | $77.0M | $3.0B | ||
| Q2 25 | $86.0M | $2.9B | ||
| Q1 25 | $73.0M | $1.0B | ||
| Q4 24 | $118.0M | $2.9B | ||
| Q3 24 | $-24.0M | $1.6B | ||
| Q2 24 | $58.0M | $1.9B | ||
| Q1 24 | $100.0M | $1.5B |
自由现金流ALITMELI
| Q4 25 | $99.0M | $4.8B | ||
| Q3 25 | $49.0M | $2.6B | ||
| Q2 25 | $58.0M | $2.6B | ||
| Q1 25 | $44.0M | $759.0M | ||
| Q4 24 | $92.0M | $2.6B | ||
| Q3 24 | $-52.0M | $1.4B | ||
| Q2 24 | $22.0M | $1.7B | ||
| Q1 24 | $69.0M | $1.4B |
自由现金流率ALITMELI
| Q4 25 | 15.2% | 77.9% | ||
| Q3 25 | 9.2% | 50.0% | ||
| Q2 25 | 11.0% | 54.8% | ||
| Q1 25 | 8.0% | 18.1% | ||
| Q4 24 | 13.5% | 59.8% | ||
| Q3 24 | -9.4% | 35.4% | ||
| Q2 24 | 4.1% | 45.1% | ||
| Q1 24 | 12.3% | 44.1% |
资本支出强度ALITMELI
| Q4 25 | 3.8% | 7.0% | ||
| Q3 25 | 5.3% | 6.9% | ||
| Q2 25 | 5.3% | 6.0% | ||
| Q1 25 | 5.3% | 6.5% | ||
| Q4 24 | 3.8% | 7.0% | ||
| Q3 24 | 5.0% | 5.7% | ||
| Q2 24 | 6.7% | 4.9% | ||
| Q1 24 | 5.5% | 4.7% |
现金转化率ALITMELI
| Q4 25 | — | 9.32× | ||
| Q3 25 | — | 7.03× | ||
| Q2 25 | — | 5.58× | ||
| Q1 25 | — | 2.09× | ||
| Q4 24 | 14.75× | 4.58× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 2.52× | 3.54× | ||
| Q1 24 | — | 4.40× |
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
ALIT
| Recurring | $607.0M | 93% |
| Projects | $46.0M | 7% |
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
