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dLocal Ltd（DLO）与LifeStance Health Group, Inc.（LFST）财务数据对比。点击上方公司名可切换其他公司
LifeStance Health Group, Inc.的季度营收约是dLocal Ltd的1.1倍（$382.2M vs $337.9M），dLocal Ltd净利率更高（16.5% vs 3.1%，领先13.4%），dLocal Ltd同比增速更快（65.2% vs 17.4%），dLocal Ltd自由现金流更多（$99.8M vs $46.6M）
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。
LifeStance Health Group是美国的门诊行为健康服务提供商，支持线下面诊与远程诊疗两种服务模式，业务涵盖心理咨询、精神科诊疗、经颅磁刺激（TMS）以及氯胺酮治疗等。该公司曾多次因劳动违规、客户信息泄露及误导投资者相关问题遭遇诉讼。
DLO vs LFST — 直观对比
营收规模更大
LFST
是对方的1.1倍
$337.9M
营收增速更快
DLO
高出47.8%
17.4%
净利率更高
DLO
高出13.4%
3.1%
自由现金流更多
DLO
多$53.2M
$46.6M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $382.2M |
| 净利润 | $55.6M | $11.7M |
| 毛利率 | 34.3% | — |
| 营业利润率 | 18.6% | 4.7% |
| 净利率 | 16.5% | 3.1% |
| 营收同比 | 65.2% | 17.4% |
| 净利润同比 | 87.3% | 264.1% |
| 每股收益（稀释后） | $0.18 | — |
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DLOLFST
| Q4 25 | $337.9M | $382.2M | ||
| Q3 25 | $282.5M | $363.8M | ||
| Q2 25 | — | $345.3M | ||
| Q1 25 | — | $333.0M | ||
| Q4 24 | $204.5M | $325.5M | ||
| Q3 24 | $185.8M | $312.7M | ||
| Q2 24 | — | $312.3M | ||
| Q1 24 | — | $300.4M |
净利润DLOLFST
| Q4 25 | $55.6M | $11.7M | ||
| Q3 25 | $141.3M | $1.1M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $709.0K | ||
| Q4 24 | $29.7M | $-7.1M | ||
| Q3 24 | $90.8M | $-6.0M | ||
| Q2 24 | — | $-23.3M | ||
| Q1 24 | — | $-21.1M |
毛利率DLOLFST
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DLOLFST
| Q4 25 | 18.6% | 4.7% | ||
| Q3 25 | 19.7% | 2.0% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 20.7% | 0.3% | ||
| Q3 24 | 22.1% | 0.0% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -5.6% |
净利率DLOLFST
| Q4 25 | 16.5% | 3.1% | ||
| Q3 25 | 50.0% | 0.3% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 14.5% | -2.2% | ||
| Q3 24 | 48.9% | -1.9% | ||
| Q2 24 | — | -7.5% | ||
| Q1 24 | — | -7.0% |
每股收益（稀释后）DLOLFST
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.17 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $248.6M |
| 总债务越低越好 | $86.7M | $282.8M |
| 股东权益账面价值 | $569.4M | $1.5B |
| 总资产 | $1.5B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资DLOLFST
| Q4 25 | $719.9M | $248.6M | ||
| Q3 25 | $604.5M | $203.9M | ||
| Q2 25 | — | $188.9M | ||
| Q1 25 | — | $134.3M | ||
| Q4 24 | $425.2M | $154.6M | ||
| Q3 24 | $560.5M | $102.6M | ||
| Q2 24 | — | $87.0M | ||
| Q1 24 | — | $49.5M |
总债务DLOLFST
| Q4 25 | $86.7M | $282.8M | ||
| Q3 25 | $63.1M | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $39.8M | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
股东权益DLOLFST
| Q4 25 | $569.4M | $1.5B | ||
| Q3 25 | $504.7M | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $489.0M | $1.4B | ||
| Q3 24 | $457.0M | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产DLOLFST
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
负债/权益比DLOLFST
| Q4 25 | 0.15× | 0.19× | ||
| Q3 25 | 0.12× | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 0.08× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $46.6M |
| 自由现金流率自由现金流/营收 | 29.5% | 12.2% |
| 资本支出强度资本支出/营收 | 0.2% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.80× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $378.7M | $110.0M |
8季度趋势，按日历期对齐
经营现金流DLOLFST
| Q4 25 | $100.4M | $57.6M | ||
| Q3 25 | $315.0M | $27.3M | ||
| Q2 25 | — | $64.4M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | $-141.1M | $62.3M | ||
| Q3 24 | $108.3M | $22.7M | ||
| Q2 24 | — | $44.1M | ||
| Q1 24 | — | $-21.8M |
自由现金流DLOLFST
| Q4 25 | $99.8M | $46.6M | ||
| Q3 25 | $313.4M | $17.0M | ||
| Q2 25 | — | $56.6M | ||
| Q1 25 | — | $-10.3M | ||
| Q4 24 | $-141.6M | $56.0M | ||
| Q3 24 | $107.1M | $17.7M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $-26.9M |
自由现金流率DLOLFST
| Q4 25 | 29.5% | 12.2% | ||
| Q3 25 | 110.9% | 4.7% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | -69.2% | 17.2% | ||
| Q3 24 | 57.6% | 5.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -9.0% |
资本支出强度DLOLFST
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.7% |
现金转化率DLOLFST
| Q4 25 | 1.80× | 4.93× | ||
| Q3 25 | 2.23× | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
