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dLocal Ltd（DLO）与DigitalOcean Holdings, Inc.（DOCN）财务数据对比。点击上方公司名可切换其他公司
dLocal Ltd的季度营收约是DigitalOcean Holdings, Inc.的1.4倍（$337.9M vs $242.4M），dLocal Ltd净利率更高（16.5% vs 10.6%，领先5.9%），dLocal Ltd同比增速更快（65.2% vs 18.3%），dLocal Ltd自由现金流更多（$99.8M vs $31.1M）
dLocal是一家总部位于乌拉圭的金融科技企业，专注于提供跨境支付解决方案，搭建全球商户与新兴市场之间的支付链路，助力国际商户顺畅接入新兴市场本地支付网络，高效开展跨境业务。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
DLO vs DOCN — 直观对比
营收规模更大
DLO
是对方的1.4倍
$242.4M
营收增速更快
DLO
高出47.0%
18.3%
净利率更高
DLO
高出5.9%
10.6%
自由现金流更多
DLO
多$68.7M
$31.1M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $242.4M |
| 净利润 | $55.6M | $25.7M |
| 毛利率 | 34.3% | 58.7% |
| 营业利润率 | 18.6% | 16.0% |
| 净利率 | 16.5% | 10.6% |
| 营收同比 | 65.2% | 18.3% |
| 净利润同比 | 87.3% | 40.5% |
| 每股收益（稀释后） | $0.18 | $0.23 |
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DLODOCN
| Q4 25 | $337.9M | $242.4M | ||
| Q3 25 | $282.5M | $229.6M | ||
| Q2 25 | — | $218.7M | ||
| Q1 25 | — | $210.7M | ||
| Q4 24 | $204.5M | $204.9M | ||
| Q3 24 | $185.8M | $198.5M | ||
| Q2 24 | — | $192.5M | ||
| Q1 24 | — | $184.7M |
净利润DLODOCN
| Q4 25 | $55.6M | $25.7M | ||
| Q3 25 | $141.3M | $158.4M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $38.2M | ||
| Q4 24 | $29.7M | $18.3M | ||
| Q3 24 | $90.8M | $32.9M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | — | $14.1M |
毛利率DLODOCN
| Q4 25 | 34.3% | 58.7% | ||
| Q3 25 | 36.5% | 59.6% | ||
| Q2 25 | — | 59.9% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | 40.9% | 57.1% | ||
| Q3 24 | 42.1% | 60.2% | ||
| Q2 24 | — | 61.0% | ||
| Q1 24 | — | 60.7% |
营业利润率DLODOCN
| Q4 25 | 18.6% | 16.0% | ||
| Q3 25 | 19.7% | 19.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | 20.7% | 15.9% | ||
| Q3 24 | 22.1% | 12.4% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 6.2% |
净利率DLODOCN
| Q4 25 | 16.5% | 10.6% | ||
| Q3 25 | 50.0% | 69.0% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | 14.5% | 8.9% | ||
| Q3 24 | 48.9% | 16.6% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | — | 7.7% |
每股收益（稀释后）DLODOCN
| Q4 25 | $0.18 | $0.23 | ||
| Q3 25 | $0.17 | $1.51 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $0.39 | ||
| Q4 24 | $0.09 | $0.21 | ||
| Q3 24 | $0.09 | $0.33 | ||
| Q2 24 | — | $0.20 | ||
| Q1 24 | — | $0.15 |
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 | $719.9M | $254.5M |
| 总债务越低越好 | $86.7M | $1.3B |
| 股东权益账面价值 | $569.4M | $-28.7M |
| 总资产 | $1.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资DLODOCN
| Q4 25 | $719.9M | $254.5M | ||
| Q3 25 | $604.5M | $236.6M | ||
| Q2 25 | — | $387.7M | ||
| Q1 25 | — | $360.4M | ||
| Q4 24 | $425.2M | $428.4M | ||
| Q3 24 | $560.5M | $439.9M | ||
| Q2 24 | — | $443.1M | ||
| Q1 24 | — | $419.1M |
总债务DLODOCN
| Q4 25 | $86.7M | $1.3B | ||
| Q3 25 | $63.1M | $1.3B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DLODOCN
| Q4 25 | $569.4M | $-28.7M | ||
| Q3 25 | $504.7M | $-69.6M | ||
| Q2 25 | — | $-175.2M | ||
| Q1 25 | — | $-210.7M | ||
| Q4 24 | $489.0M | $-203.0M | ||
| Q3 24 | $457.0M | $-211.7M | ||
| Q2 24 | — | $-253.8M | ||
| Q1 24 | — | $-286.1M |
总资产DLODOCN
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
负债/权益比DLODOCN
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $100.4M | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $31.1M |
| 自由现金流率自由现金流/营收 | 29.5% | 12.8% |
| 资本支出强度资本支出/营收 | 0.2% | 10.8% |
| 现金转化率经营现金流/净利润 | 1.80× | 2.23× |
| 过去12个月自由现金流最近4个季度 | $378.7M | $180.5M |
8季度趋势，按日历期对齐
经营现金流DLODOCN
| Q4 25 | $100.4M | $57.3M | ||
| Q3 25 | $315.0M | $95.8M | ||
| Q2 25 | — | $92.4M | ||
| Q1 25 | — | $64.1M | ||
| Q4 24 | $-141.1M | $71.3M | ||
| Q3 24 | $108.3M | $73.4M | ||
| Q2 24 | — | $71.3M | ||
| Q1 24 | — | $66.7M |
自由现金流DLODOCN
| Q4 25 | $99.8M | $31.1M | ||
| Q3 25 | $313.4M | $88.0M | ||
| Q2 25 | — | $59.3M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | $-141.6M | $26.1M | ||
| Q3 24 | $107.1M | $16.0M | ||
| Q2 24 | — | $39.5M | ||
| Q1 24 | — | $23.0M |
自由现金流率DLODOCN
| Q4 25 | 29.5% | 12.8% | ||
| Q3 25 | 110.9% | 38.3% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | -69.2% | 12.7% | ||
| Q3 24 | 57.6% | 8.1% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 12.5% |
资本支出强度DLODOCN
| Q4 25 | 0.2% | 10.8% | ||
| Q3 25 | 0.6% | 3.4% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | 0.2% | 22.1% | ||
| Q3 24 | 0.7% | 28.9% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 23.6% |
现金转化率DLODOCN
| Q4 25 | 1.80× | 2.23× | ||
| Q3 25 | 2.23× | 0.60× | ||
| Q2 25 | — | 2.50× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | -4.75× | 3.91× | ||
| Q3 24 | 1.19× | 2.23× | ||
| Q2 24 | — | 3.73× | ||
| Q1 24 | — | 4.72× |
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
DLO
暂无分部数据
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
