vs
dLocal Ltd（DLO）与Remitly Global, Inc.（RELY）财务数据对比。点击上方公司名可切换其他公司
Remitly Global, Inc.的季度营收约是dLocal Ltd的1.3倍（$442.2M vs $337.9M），dLocal Ltd净利率更高（16.5% vs 9.3%，领先7.1%），dLocal Ltd同比增速更快（65.2% vs 25.7%），Remitly Global, Inc.自由现金流更多（$143.3M 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。
Remitly Global是总部位于美国西雅图的跨境汇款服务提供商，2011年由马修·奥本海默、乔希·哈格与希瓦斯·古拉蒂共同创立，主要为用户提供覆盖全球170多个国家和地区的国际汇款服务，2021年9月在纳斯达克交易所上市。
DLO vs RELY — 直观对比
营收规模更大
RELY
是对方的1.3倍
$337.9M
营收增速更快
DLO
高出39.6%
25.7%
净利率更高
DLO
高出7.1%
9.3%
自由现金流更多
RELY
多$43.4M
$99.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $442.2M |
| 净利润 | $55.6M | $41.2M |
| 毛利率 | 34.3% | — |
| 营业利润率 | 18.6% | 8.8% |
| 净利率 | 16.5% | 9.3% |
| 营收同比 | 65.2% | 25.7% |
| 净利润同比 | 87.3% | 820.1% |
| 每股收益（稀释后） | $0.18 | $0.19 |
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DLORELY
| Q4 25 | $337.9M | $442.2M | ||
| Q3 25 | $282.5M | $419.5M | ||
| Q2 25 | — | $411.9M | ||
| Q1 25 | — | $361.6M | ||
| Q4 24 | $204.5M | $351.9M | ||
| Q3 24 | $185.8M | $336.5M | ||
| Q2 24 | — | $306.4M | ||
| Q1 24 | — | $269.1M |
净利润DLORELY
| Q4 25 | $55.6M | $41.2M | ||
| Q3 25 | $141.3M | $8.8M | ||
| Q2 25 | — | $6.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | $29.7M | $-5.7M | ||
| Q3 24 | $90.8M | $1.9M | ||
| Q2 24 | — | $-12.1M | ||
| Q1 24 | — | $-21.1M |
毛利率DLORELY
| 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DLORELY
| Q4 25 | 18.6% | 8.8% | ||
| Q3 25 | 19.7% | 2.8% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 20.7% | -1.1% | ||
| Q3 24 | 22.1% | 0.1% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -7.4% |
净利率DLORELY
| Q4 25 | 16.5% | 9.3% | ||
| Q3 25 | 50.0% | 2.1% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 14.5% | -1.6% | ||
| Q3 24 | 48.9% | 0.6% | ||
| Q2 24 | — | -3.9% | ||
| Q1 24 | — | -7.8% |
每股收益（稀释后）DLORELY
| Q4 25 | $0.18 | $0.19 | ||
| Q3 25 | $0.17 | $0.04 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $0.09 | $-0.03 | ||
| Q3 24 | $0.09 | $0.01 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.11 |
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 | $542.4M |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $868.8M |
| 总资产 | $1.5B | $1.5B |
| 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DLORELY
| Q4 25 | $719.9M | $542.4M | ||
| Q3 25 | $604.5M | $476.9M | ||
| Q2 25 | — | $515.9M | ||
| Q1 25 | — | $493.9M | ||
| Q4 24 | $425.2M | $368.1M | ||
| Q3 24 | $560.5M | $324.4M | ||
| Q2 24 | — | $185.2M | ||
| Q1 24 | — | $286.0M |
总债务DLORELY
| 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DLORELY
| Q4 25 | $569.4M | $868.8M | ||
| Q3 25 | $504.7M | $797.2M | ||
| Q2 25 | — | $764.9M | ||
| Q1 25 | — | $723.5M | ||
| Q4 24 | $489.0M | $665.5M | ||
| Q3 24 | $457.0M | $630.8M | ||
| Q2 24 | — | $578.9M | ||
| Q1 24 | — | $549.4M |
总资产DLORELY
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | — | $970.4M | ||
| Q2 24 | — | $950.2M | ||
| Q1 24 | — | $1.1B |
负债/权益比DLORELY
| 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 | $149.6M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $143.3M |
| 自由现金流率自由现金流/营收 | 29.5% | 32.4% |
| 资本支出强度资本支出/营收 | 0.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.80× | 3.63× |
| 过去12个月自由现金流最近4个季度 | $378.7M | $288.7M |
8季度趋势，按日历期对齐
经营现金流DLORELY
| Q4 25 | $100.4M | $149.6M | ||
| Q3 25 | $315.0M | $1.4M | ||
| Q2 25 | — | $41.2M | ||
| Q1 25 | — | $132.9M | ||
| Q4 24 | $-141.1M | $-27.3M | ||
| Q3 24 | $108.3M | $146.8M | ||
| Q2 24 | — | $48.9M | ||
| Q1 24 | — | $-56.8M |
自由现金流DLORELY
| Q4 25 | $99.8M | $143.3M | ||
| Q3 25 | $313.4M | $-2.1M | ||
| Q2 25 | — | $28.6M | ||
| Q1 25 | — | $118.9M | ||
| Q4 24 | $-141.6M | $-30.1M | ||
| Q3 24 | $107.1M | $145.6M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $-57.8M |
自由现金流率DLORELY
| Q4 25 | 29.5% | 32.4% | ||
| Q3 25 | 110.9% | -0.5% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 32.9% | ||
| Q4 24 | -69.2% | -8.5% | ||
| Q3 24 | 57.6% | 43.3% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | -21.5% |
资本支出强度DLORELY
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | 0.2% | 0.8% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
现金转化率DLORELY
| Q4 25 | 1.80× | 3.63× | ||
| Q3 25 | 2.23× | 0.16× | ||
| Q2 25 | — | 6.30× | ||
| Q1 25 | — | 11.71× | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | 76.56× | ||
| 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
