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dLocal Ltd（DLO）与Global Payments（GPN）财务数据对比。点击上方公司名可切换其他公司
Global Payments的季度营收约是dLocal Ltd的3.9倍（$1.3B vs $337.9M），dLocal Ltd净利率更高（16.5% vs 16.4%，领先0.1%），dLocal Ltd同比增速更快（65.2% vs -47.1%），Global Payments自由现金流更多（$347.0M 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。
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
DLO vs GPN — 直观对比
营收规模更大
GPN
是对方的3.9倍
$337.9M
营收增速更快
DLO
高出112.4%
-47.1%
净利率更高
DLO
高出0.1%
16.4%
自由现金流更多
GPN
多$247.2M
$99.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $1.3B |
| 净利润 | $55.6M | $217.5M |
| 毛利率 | 34.3% | 89.7% |
| 营业利润率 | 18.6% | 5.9% |
| 净利率 | 16.5% | 16.4% |
| 营收同比 | 65.2% | -47.1% |
| 净利润同比 | 87.3% | -61.6% |
| 每股收益（稀释后） | $0.18 | $0.91 |
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DLOGPN
| Q4 25 | $337.9M | $1.3B | ||
| Q3 25 | $282.5M | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $204.5M | $2.5B | ||
| Q3 24 | $185.8M | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.4B |
净利润DLOGPN
| Q4 25 | $55.6M | $217.5M | ||
| Q3 25 | $141.3M | $635.2M | ||
| Q2 25 | — | $241.6M | ||
| Q1 25 | — | $305.7M | ||
| Q4 24 | $29.7M | $567.2M | ||
| Q3 24 | $90.8M | $315.1M | ||
| Q2 24 | — | $374.8M | ||
| Q1 24 | — | $313.3M |
毛利率DLOGPN
| Q4 25 | 34.3% | 89.7% | ||
| Q3 25 | 36.5% | 72.3% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 61.8% | ||
| Q4 24 | 40.9% | 62.1% | ||
| Q3 24 | 42.1% | 63.6% | ||
| Q2 24 | — | 63.5% | ||
| Q1 24 | — | 61.9% |
营业利润率DLOGPN
| Q4 25 | 18.6% | 5.9% | ||
| Q3 25 | 19.7% | 38.8% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | 20.7% | 33.1% | ||
| Q3 24 | 22.1% | 18.3% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 18.7% |
净利率DLOGPN
| Q4 25 | 16.5% | 16.4% | ||
| Q3 25 | 50.0% | 31.6% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | 14.5% | 22.5% | ||
| Q3 24 | 48.9% | 12.1% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 12.9% |
每股收益（稀释后）DLOGPN
| Q4 25 | $0.18 | $0.91 | ||
| Q3 25 | $0.17 | $2.64 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $1.24 | ||
| Q4 24 | $0.09 | $2.23 | ||
| Q3 24 | $0.09 | $1.24 | ||
| Q2 24 | — | $1.47 | ||
| Q1 24 | — | $1.22 |
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 | $8.3B |
| 总债务越低越好 | $86.7M | $19.5B |
| 股东权益账面价值 | $569.4M | $22.9B |
| 总资产 | $1.5B | $53.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资DLOGPN
| Q4 25 | $719.9M | $8.3B | ||
| Q3 25 | $604.5M | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $425.2M | $2.5B | ||
| Q3 24 | $560.5M | $2.9B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.2B |
总债务DLOGPN
| Q4 25 | $86.7M | $19.5B | ||
| Q3 25 | $63.1M | $13.3B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $15.0B | ||
| Q4 24 | $39.8M | $15.2B | ||
| Q3 24 | — | $15.2B | ||
| Q2 24 | — | $15.6B | ||
| Q1 24 | — | $15.6B |
股东权益DLOGPN
| Q4 25 | $569.4M | $22.9B | ||
| Q3 25 | $504.7M | $22.7B | ||
| Q2 25 | — | $22.6B | ||
| Q1 25 | — | $22.2B | ||
| Q4 24 | $489.0M | $22.3B | ||
| Q3 24 | $457.0M | $22.8B | ||
| Q2 24 | — | $22.4B | ||
| Q1 24 | — | $22.2B |
总资产DLOGPN
| Q4 25 | $1.5B | $53.3B | ||
| Q3 25 | $1.4B | $48.0B | ||
| Q2 25 | — | $48.5B | ||
| Q1 25 | — | $47.6B | ||
| Q4 24 | $1.2B | $46.9B | ||
| Q3 24 | — | $50.0B | ||
| Q2 24 | — | $50.8B | ||
| Q1 24 | — | $51.8B |
负债/权益比DLOGPN
| Q4 25 | 0.15× | 0.85× | ||
| Q3 25 | 0.12× | 0.59× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | 0.08× | 0.68× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.70× |
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 | $515.2M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $347.0M |
| 自由现金流率自由现金流/营收 | 29.5% | 26.1% |
| 资本支出强度资本支出/营收 | 0.2% | 12.7% |
| 现金转化率经营现金流/净利润 | 1.80× | 2.37× |
| 过去12个月自由现金流最近4个季度 | $378.7M | $2.0B |
8季度趋势，按日历期对齐
经营现金流DLOGPN
| Q4 25 | $100.4M | $515.2M | ||
| Q3 25 | $315.0M | $768.7M | ||
| Q2 25 | — | $817.5M | ||
| Q1 25 | — | $555.1M | ||
| Q4 24 | $-141.1M | $653.4M | ||
| Q3 24 | $108.3M | $1.7B | ||
| Q2 24 | — | $736.9M | ||
| Q1 24 | — | $416.3M |
自由现金流DLOGPN
| Q4 25 | $99.8M | $347.0M | ||
| Q3 25 | $313.4M | $598.9M | ||
| Q2 25 | — | $665.4M | ||
| Q1 25 | — | $427.5M | ||
| Q4 24 | $-141.6M | $469.4M | ||
| Q3 24 | $107.1M | $1.6B | ||
| Q2 24 | — | $557.7M | ||
| Q1 24 | — | $270.9M |
自由现金流率DLOGPN
| Q4 25 | 29.5% | 26.1% | ||
| Q3 25 | 110.9% | 29.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | -69.2% | 18.7% | ||
| Q3 24 | 57.6% | 60.0% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | 11.2% |
资本支出强度DLOGPN
| Q4 25 | 0.2% | 12.7% | ||
| Q3 25 | 0.6% | 8.5% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 0.2% | 7.3% | ||
| Q3 24 | 0.7% | 6.4% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 6.0% |
现金转化率DLOGPN
| Q4 25 | 1.80× | 2.37× | ||
| Q3 25 | 2.23× | 1.21× | ||
| Q2 25 | — | 3.38× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | -4.75× | 1.15× | ||
| Q3 24 | 1.19× | 5.48× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.33× |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
