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dLocal Ltd（DLO）与ExlService Holdings, Inc.（EXLS）财务数据对比。点击上方公司名可切换其他公司
ExlService Holdings, Inc.的季度营收约是dLocal Ltd的1.6倍（$542.6M vs $337.9M），dLocal Ltd净利率更高（16.5% vs 11.1%，领先5.4%），dLocal Ltd同比增速更快（65.2% vs 12.7%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $99.8M）
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。
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
DLO vs EXLS — 直观对比
营收规模更大
EXLS
是对方的1.6倍
$337.9M
营收增速更快
DLO
高出52.5%
12.7%
净利率更高
DLO
高出5.4%
11.1%
自由现金流更多
EXLS
多$6.7M
$99.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $542.6M |
| 净利润 | $55.6M | $60.2M |
| 毛利率 | 34.3% | 38.6% |
| 营业利润率 | 18.6% | 14.4% |
| 净利率 | 16.5% | 11.1% |
| 营收同比 | 65.2% | 12.7% |
| 净利润同比 | 87.3% | 18.9% |
| 每股收益（稀释后） | $0.18 | $0.38 |
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DLOEXLS
| Q4 25 | $337.9M | $542.6M | ||
| Q3 25 | $282.5M | $529.6M | ||
| Q2 25 | — | $514.5M | ||
| Q1 25 | — | $501.0M | ||
| Q4 24 | $204.5M | $481.4M | ||
| Q3 24 | $185.8M | $472.1M | ||
| Q2 24 | — | $448.4M | ||
| Q1 24 | — | $436.5M |
净利润DLOEXLS
| Q4 25 | $55.6M | $60.2M | ||
| Q3 25 | $141.3M | $58.2M | ||
| Q2 25 | — | $66.1M | ||
| Q1 25 | — | $66.6M | ||
| Q4 24 | $29.7M | $50.7M | ||
| Q3 24 | $90.8M | $53.0M | ||
| Q2 24 | — | $45.8M | ||
| Q1 24 | — | $48.8M |
毛利率DLOEXLS
| Q4 25 | 34.3% | 38.6% | ||
| Q3 25 | 36.5% | 38.5% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | 40.9% | 38.1% | ||
| Q3 24 | 42.1% | 37.8% | ||
| Q2 24 | — | 37.1% | ||
| Q1 24 | — | 37.4% |
营业利润率DLOEXLS
| Q4 25 | 18.6% | 14.4% | ||
| Q3 25 | 19.7% | 14.4% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | 20.7% | 14.8% | ||
| Q3 24 | 22.1% | 14.7% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.1% |
净利率DLOEXLS
| Q4 25 | 16.5% | 11.1% | ||
| Q3 25 | 50.0% | 11.0% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | 14.5% | 10.5% | ||
| Q3 24 | 48.9% | 11.2% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 11.2% |
每股收益（稀释后）DLOEXLS
| Q4 25 | $0.18 | $0.38 | ||
| Q3 25 | $0.17 | $0.36 | ||
| Q2 25 | — | $0.40 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | $0.09 | $0.31 | ||
| Q3 24 | $0.09 | $0.33 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.29 |
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 | $328.4M |
| 总债务越低越好 | $86.7M | $298.6M |
| 股东权益账面价值 | $569.4M | $912.7M |
| 总资产 | $1.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资DLOEXLS
| Q4 25 | $719.9M | $328.4M | ||
| Q3 25 | $604.5M | $390.1M | ||
| Q2 25 | — | $353.3M | ||
| Q1 25 | — | $331.4M | ||
| Q4 24 | $425.2M | $340.6M | ||
| Q3 24 | $560.5M | $325.8M | ||
| Q2 24 | — | $276.1M | ||
| Q1 24 | — | $246.2M |
总债务DLOEXLS
| Q4 25 | $86.7M | $298.6M | ||
| Q3 25 | $63.1M | $354.8M | ||
| Q2 25 | — | $260.0M | ||
| Q1 25 | — | $307.3M | ||
| Q4 24 | $39.8M | $288.5M | ||
| Q3 24 | — | $344.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DLOEXLS
| Q4 25 | $569.4M | $912.7M | ||
| Q3 25 | $504.7M | $952.4M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $489.0M | $929.9M | ||
| Q3 24 | $457.0M | $907.6M | ||
| Q2 24 | — | $852.6M | ||
| Q1 24 | — | $803.3M |
总资产DLOEXLS
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
负债/权益比DLOEXLS
| Q4 25 | 0.15× | 0.33× | ||
| Q3 25 | 0.12× | 0.37× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.08× | 0.31× | ||
| Q3 24 | — | 0.38× | ||
| 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 | $117.4M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $106.5M |
| 自由现金流率自由现金流/营收 | 29.5% | 19.6% |
| 资本支出强度资本支出/营收 | 0.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.80× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $378.7M | $298.1M |
8季度趋势，按日历期对齐
经营现金流DLOEXLS
| Q4 25 | $100.4M | $117.4M | ||
| Q3 25 | $315.0M | $120.7M | ||
| Q2 25 | — | $109.4M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | $-141.1M | $105.3M | ||
| Q3 24 | $108.3M | $110.1M | ||
| Q2 24 | — | $74.9M | ||
| Q1 24 | — | $-21.9M |
自由现金流DLOEXLS
| Q4 25 | $99.8M | $106.5M | ||
| Q3 25 | $313.4M | $106.4M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-9.7M | ||
| Q4 24 | $-141.6M | $95.3M | ||
| Q3 24 | $107.1M | $97.3M | ||
| Q2 24 | — | $62.8M | ||
| Q1 24 | — | $-33.1M |
自由现金流率DLOEXLS
| Q4 25 | 29.5% | 19.6% | ||
| Q3 25 | 110.9% | 20.1% | ||
| Q2 25 | — | 18.5% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | -69.2% | 19.8% | ||
| Q3 24 | 57.6% | 20.6% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | -7.6% |
资本支出强度DLOEXLS
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.6% | 2.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.7% | 2.7% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.6% |
现金转化率DLOEXLS
| Q4 25 | 1.80× | 1.95× | ||
| Q3 25 | 2.23× | 2.08× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | -4.75× | 2.08× | ||
| Q3 24 | 1.19× | 2.08× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | -0.45× |
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
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
