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dLocal Ltd（DLO）与Teladoc Health, Inc.（TDOC）财务数据对比。点击上方公司名可切换其他公司
Teladoc Health, Inc.的季度营收约是dLocal Ltd的1.9倍（$642.3M vs $337.9M），dLocal Ltd同比增速更快（65.2% vs 0.3%），dLocal Ltd自由现金流更多（$99.8M vs $85.1M）
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。
泰莱达克健康是一家跨国远程医疗与虚拟医疗企业，2002年成立，总部位于美国纽约。公司核心业务涵盖远程问诊、医学意见咨询、人工智能与数据分析、远程医疗设备及可授权平台服务，主要通过电话、视频会议软件与移动应用，为用户提供随时可及的远程医疗服务。
DLO vs TDOC — 直观对比
营收规模更大
TDOC
是对方的1.9倍
$337.9M
营收增速更快
DLO
高出65.0%
0.3%
自由现金流更多
DLO
多$14.7M
$85.1M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $642.3M |
| 净利润 | $55.6M | — |
| 毛利率 | 34.3% | — |
| 营业利润率 | 18.6% | -5.6% |
| 净利率 | 16.5% | — |
| 营收同比 | 65.2% | 0.3% |
| 净利润同比 | 87.3% | — |
| 每股收益（稀释后） | $0.18 | $-0.14 |
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DLOTDOC
| Q4 25 | $337.9M | $642.3M | ||
| Q3 25 | $282.5M | $626.4M | ||
| Q2 25 | — | $631.9M | ||
| Q1 25 | — | $629.4M | ||
| Q4 24 | $204.5M | $640.5M | ||
| Q3 24 | $185.8M | $640.5M | ||
| Q2 24 | — | $642.4M | ||
| Q1 24 | — | $646.1M |
净利润DLOTDOC
| Q4 25 | $55.6M | — | ||
| Q3 25 | $141.3M | $-49.5M | ||
| Q2 25 | — | $-32.7M | ||
| Q1 25 | — | $-93.0M | ||
| Q4 24 | $29.7M | — | ||
| Q3 24 | $90.8M | $-33.3M | ||
| Q2 24 | — | $-837.7M | ||
| Q1 24 | — | $-81.9M |
毛利率DLOTDOC
| 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DLOTDOC
| Q4 25 | 18.6% | -5.6% | ||
| Q3 25 | 19.7% | -8.3% | ||
| Q2 25 | — | -8.6% | ||
| Q1 25 | — | -19.2% | ||
| Q4 24 | 20.7% | -7.5% | ||
| Q3 24 | 22.1% | -6.9% | ||
| Q2 24 | — | -130.9% | ||
| Q1 24 | — | -13.5% |
净利率DLOTDOC
| Q4 25 | 16.5% | — | ||
| Q3 25 | 50.0% | -7.9% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | -14.8% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 48.9% | -5.2% | ||
| Q2 24 | — | -130.4% | ||
| Q1 24 | — | -12.7% |
每股收益（稀释后）DLOTDOC
| Q4 25 | $0.18 | $-0.14 | ||
| Q3 25 | $0.17 | $-0.28 | ||
| Q2 25 | — | $-0.19 | ||
| Q1 25 | — | $-0.53 | ||
| Q4 24 | $0.09 | $-0.27 | ||
| Q3 24 | $0.09 | $-0.19 | ||
| Q2 24 | — | $-4.92 | ||
| Q1 24 | — | $-0.49 |
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 | $781.1M |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $1.4B |
| 总资产 | $1.5B | $2.9B |
| 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DLOTDOC
| Q4 25 | $719.9M | $781.1M | ||
| Q3 25 | $604.5M | $726.2M | ||
| Q2 25 | — | $679.6M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $425.2M | $1.3B | ||
| Q3 24 | $560.5M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
总债务DLOTDOC
| 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DLOTDOC
| Q4 25 | $569.4M | $1.4B | ||
| Q3 25 | $504.7M | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $489.0M | $1.5B | ||
| Q3 24 | $457.0M | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $2.3B |
总资产DLOTDOC
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $1.2B | $3.5B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $4.3B |
负债/权益比DLOTDOC
| 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 | $87.7M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | $85.1M |
| 自由现金流率自由现金流/营收 | 29.5% | 13.3% |
| 资本支出强度资本支出/营收 | 0.2% | 0.4% |
| 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 | $285.5M |
8季度趋势，按日历期对齐
经营现金流DLOTDOC
| Q4 25 | $100.4M | $87.7M | ||
| Q3 25 | $315.0M | $99.3M | ||
| Q2 25 | — | $91.4M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | $-141.1M | $85.9M | ||
| Q3 24 | $108.3M | $110.2M | ||
| Q2 24 | — | $88.7M | ||
| Q1 24 | — | $8.9M |
自由现金流DLOTDOC
| Q4 25 | $99.8M | $85.1M | ||
| Q3 25 | $313.4M | $97.0M | ||
| Q2 25 | — | $90.2M | ||
| Q1 25 | — | $13.2M | ||
| Q4 24 | $-141.6M | $79.8M | ||
| Q3 24 | $107.1M | $108.6M | ||
| Q2 24 | — | $86.8M | ||
| Q1 24 | — | $7.8M |
自由现金流率DLOTDOC
| Q4 25 | 29.5% | 13.3% | ||
| Q3 25 | 110.9% | 15.5% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | -69.2% | 12.5% | ||
| Q3 24 | 57.6% | 17.0% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 1.2% |
资本支出强度DLOTDOC
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.6% | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.2% |
现金转化率DLOTDOC
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
业务分部营收拆解
DLO
暂无分部数据
TDOC
| Teladoc Health Integrated Care | $409.1M | 64% |
| Better Help | $233.2M | 36% |
