vs
dLocal Ltd（DLO）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是dLocal Ltd的2.0倍（$664.6M vs $337.9M），dLocal Ltd净利率更高（16.5% vs 10.4%，领先6.0%），dLocal Ltd同比增速更快（65.2% vs 13.2%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
DLO vs RHP — 直观对比
营收规模更大
RHP
是对方的2.0倍
$337.9M
营收增速更快
DLO
高出52.1%
13.2%
净利率更高
DLO
高出6.0%
10.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $664.6M |
| 净利润 | $55.6M | $69.4M |
| 毛利率 | 34.3% | — |
| 营业利润率 | 18.6% | 20.7% |
| 净利率 | 16.5% | 10.4% |
| 营收同比 | 65.2% | 13.2% |
| 净利润同比 | 87.3% | 10.1% |
| 每股收益（稀释后） | $0.18 | $1.03 |
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DLORHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $337.9M | $737.8M | ||
| Q3 25 | $282.5M | $592.5M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $587.3M | ||
| Q4 24 | $204.5M | $647.6M | ||
| Q3 24 | $185.8M | $550.0M | ||
| Q2 24 | — | $613.3M |
净利润DLORHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $55.6M | $74.5M | ||
| Q3 25 | $141.3M | $34.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $29.7M | $72.3M | ||
| Q3 24 | $90.8M | $59.0M | ||
| Q2 24 | — | $100.8M |
毛利率DLORHP
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | 41.4% | ||
| Q3 25 | 36.5% | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | 40.9% | 40.4% | ||
| Q3 24 | 42.1% | 43.1% | ||
| Q2 24 | — | 48.4% |
营业利润率DLORHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 18.6% | 19.4% | ||
| Q3 25 | 19.7% | 15.0% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | 20.7% | 18.6% | ||
| Q3 24 | 22.1% | 19.3% | ||
| Q2 24 | — | 27.4% |
净利率DLORHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 16.5% | 10.1% | ||
| Q3 25 | 50.0% | 5.9% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | 14.5% | 11.2% | ||
| Q3 24 | 48.9% | 10.7% | ||
| Q2 24 | — | 16.4% |
每股收益（稀释后）DLORHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $0.18 | $1.12 | ||
| Q3 25 | $0.17 | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | $0.09 | $1.12 | ||
| Q3 24 | $0.09 | $0.94 | ||
| Q2 24 | — | $1.65 |
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 | — |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $770.8M |
| 总资产 | $1.5B | $6.2B |
| 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DLORHP
| Q1 26 | — | — | ||
| Q4 25 | $719.9M | $471.4M | ||
| Q3 25 | $604.5M | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | $425.2M | $477.7M | ||
| Q3 24 | $560.5M | $534.9M | ||
| Q2 24 | — | $498.4M |
总债务DLORHP
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLORHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $569.4M | $750.2M | ||
| Q3 25 | $504.7M | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | $489.0M | $549.0M | ||
| Q3 24 | $457.0M | $551.9M | ||
| Q2 24 | — | $562.6M |
总资产DLORHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $1.5B | $6.2B | ||
| Q3 25 | $1.4B | $6.2B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.1B |
负债/权益比DLORHP
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 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% | — |
| 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DLORHP
| Q1 26 | — | — | ||
| Q4 25 | $100.4M | $164.7M | ||
| Q3 25 | $315.0M | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | $-141.1M | $166.6M | ||
| Q3 24 | $108.3M | $218.1M | ||
| Q2 24 | — | $184.3M |
自由现金流DLORHP
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | $58.5M | ||
| Q3 25 | $313.4M | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | $-141.6M | $76.0M | ||
| Q3 24 | $107.1M | $85.7M | ||
| Q2 24 | — | $78.8M |
自由现金流率DLORHP
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | 7.9% | ||
| Q3 25 | 110.9% | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | -69.2% | 11.7% | ||
| Q3 24 | 57.6% | 15.6% | ||
| Q2 24 | — | 12.9% |
资本支出强度DLORHP
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 14.4% | ||
| Q3 25 | 0.6% | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | 0.2% | 14.0% | ||
| Q3 24 | 0.7% | 24.1% | ||
| Q2 24 | — | 17.2% |
现金转化率DLORHP
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 2.21× | ||
| Q3 25 | 2.23× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | -4.75× | 2.30× | ||
| Q3 24 | 1.19× | 3.70× | ||
| Q2 24 | — | 1.83× |
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
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
