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dLocal Ltd（DLO）与LiveRamp Holdings, Inc.（RAMP）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LiveRamp Holdings, Inc.的1.6倍（$337.9M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs 16.5%，领先2.3%），dLocal Ltd同比增速更快（65.2% vs 8.6%）
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。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
DLO vs RAMP — 直观对比
营收规模更大
DLO
是对方的1.6倍
$212.2M
营收增速更快
DLO
高出56.6%
8.6%
净利率更高
RAMP
高出2.3%
16.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $212.2M |
| 净利润 | $55.6M | $39.9M |
| 毛利率 | 34.3% | 71.9% |
| 营业利润率 | 18.6% | 18.6% |
| 净利率 | 16.5% | 18.8% |
| 营收同比 | 65.2% | 8.6% |
| 净利润同比 | 87.3% | 255.7% |
| 每股收益（稀释后） | $0.18 | $0.62 |
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DLORAMP
| Q4 25 | $337.9M | $212.2M | ||
| Q3 25 | $282.5M | $199.8M | ||
| Q2 25 | — | $194.8M | ||
| Q1 25 | — | $188.7M | ||
| Q4 24 | $204.5M | $195.4M | ||
| Q3 24 | $185.8M | $185.5M | ||
| Q2 24 | — | $176.0M | ||
| Q1 24 | — | $171.9M |
净利润DLORAMP
| Q4 25 | $55.6M | $39.9M | ||
| Q3 25 | $141.3M | $27.4M | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | $29.7M | $11.2M | ||
| Q3 24 | $90.8M | $1.7M | ||
| Q2 24 | — | $-7.5M | ||
| Q1 24 | — | $-5.4M |
毛利率DLORAMP
| Q4 25 | 34.3% | 71.9% | ||
| Q3 25 | 36.5% | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | 40.9% | 71.9% | ||
| Q3 24 | 42.1% | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率DLORAMP
| Q4 25 | 18.6% | 18.6% | ||
| Q3 25 | 19.7% | 10.7% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 20.7% | 7.5% | ||
| Q3 24 | 22.1% | 4.0% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | -8.3% |
净利率DLORAMP
| Q4 25 | 16.5% | 18.8% | ||
| Q3 25 | 50.0% | 13.7% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | 14.5% | 5.7% | ||
| Q3 24 | 48.9% | 0.9% | ||
| Q2 24 | — | -4.3% | ||
| Q1 24 | — | -3.1% |
每股收益（稀释后）DLORAMP
| Q4 25 | $0.18 | $0.62 | ||
| Q3 25 | $0.17 | $0.42 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | $0.09 | $0.17 | ||
| Q3 24 | $0.09 | $0.03 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.09 |
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 | $403.4M |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $962.3M |
| 总资产 | $1.5B | $1.3B |
| 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DLORAMP
| Q4 25 | $719.9M | $403.4M | ||
| Q3 25 | $604.5M | $376.9M | ||
| Q2 25 | — | $371.1M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | $425.2M | $384.3M | ||
| Q3 24 | $560.5M | $348.4M | ||
| Q2 24 | — | $342.7M | ||
| Q1 24 | — | $368.9M |
总债务DLORAMP
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DLORAMP
| Q4 25 | $569.4M | $962.3M | ||
| Q3 25 | $504.7M | $943.8M | ||
| Q2 25 | — | $947.8M | ||
| Q1 25 | — | $948.9M | ||
| Q4 24 | $489.0M | $957.7M | ||
| Q3 24 | $457.0M | $932.1M | ||
| Q2 24 | — | $951.9M | ||
| Q1 24 | — | $949.1M |
总资产DLORAMP
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比DLORAMP
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $99.8M | — |
| 自由现金流率自由现金流/营收 | 29.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.80× | — |
| 过去12个月自由现金流最近4个季度 | $378.7M | — |
8季度趋势，按日历期对齐
经营现金流DLORAMP
| Q4 25 | $100.4M | — | ||
| Q3 25 | $315.0M | $57.4M | ||
| Q2 25 | — | $-15.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.1M | $45.1M | ||
| Q3 24 | $108.3M | $55.6M | ||
| Q2 24 | — | $-9.3M | ||
| Q1 24 | — | — |
自由现金流DLORAMP
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.6M | $44.8M | ||
| Q3 24 | $107.1M | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
自由现金流率DLORAMP
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | -69.2% | 22.9% | ||
| Q3 24 | 57.6% | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
资本支出强度DLORAMP
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
现金转化率DLORAMP
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.75× | 4.02× | ||
| Q3 24 | 1.19× | 32.10× | ||
| 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
