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dLocal Ltd（DLO）与西联汇款（WU）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是dLocal Ltd的2.9倍（$982.7M vs $337.9M），dLocal Ltd净利率更高（16.5% vs 6.6%，领先9.9%），dLocal Ltd同比增速更快（65.2% vs 0.0%）
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。
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，在全球范围内为个人及机构用户提供便捷的跨境汇款、支付等相关金融服务，凭借广泛的服务网点覆盖和成熟的业务体系，在跨境资金流转领域拥有较高的行业知名度。
DLO vs WU — 直观对比
营收规模更大
WU
是对方的2.9倍
$337.9M
营收增速更快
DLO
高出65.2%
0.0%
净利率更高
DLO
高出9.9%
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $982.7M |
| 净利润 | $55.6M | $64.7M |
| 毛利率 | 34.3% | — |
| 营业利润率 | 18.6% | 12.5% |
| 净利率 | 16.5% | 6.6% |
| 营收同比 | 65.2% | 0.0% |
| 净利润同比 | 87.3% | -47.6% |
| 每股收益（稀释后） | $0.18 | $0.41 |
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DLOWU
| Q1 26 | — | $982.7M | ||
| Q4 25 | $337.9M | $972.0M | ||
| Q3 25 | $282.5M | $985.3M | ||
| Q2 25 | — | $983.6M | ||
| Q1 25 | — | $938.7M | ||
| Q4 24 | $204.5M | $1.0B | ||
| Q3 24 | $185.8M | $993.4M | ||
| Q2 24 | — | $1.0B |
净利润DLOWU
| Q1 26 | — | $64.7M | ||
| Q4 25 | $55.6M | $114.4M | ||
| Q3 25 | $141.3M | $139.6M | ||
| Q2 25 | — | $122.1M | ||
| Q1 25 | — | $123.5M | ||
| Q4 24 | $29.7M | $385.7M | ||
| Q3 24 | $90.8M | $264.8M | ||
| Q2 24 | — | $141.0M |
毛利率DLOWU
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | 33.6% | ||
| Q3 25 | 36.5% | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | 40.9% | 35.0% | ||
| Q3 24 | 42.1% | 34.2% | ||
| Q2 24 | — | 35.0% |
营业利润率DLOWU
| Q1 26 | — | 12.5% | ||
| Q4 25 | 18.6% | 19.1% | ||
| Q3 25 | 19.7% | 20.5% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | 20.7% | 17.5% | ||
| Q3 24 | 22.1% | 16.6% | ||
| Q2 24 | — | 18.7% |
净利率DLOWU
| Q1 26 | — | 6.6% | ||
| Q4 25 | 16.5% | 11.8% | ||
| Q3 25 | 50.0% | 14.2% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | 14.5% | 37.9% | ||
| Q3 24 | 48.9% | 26.7% | ||
| Q2 24 | — | 13.8% |
每股收益（稀释后）DLOWU
| Q1 26 | — | $0.41 | ||
| Q4 25 | $0.18 | $0.36 | ||
| Q3 25 | $0.17 | $0.43 | ||
| Q2 25 | — | $0.37 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | $0.09 | $1.14 | ||
| Q3 24 | $0.09 | $0.78 | ||
| Q2 24 | — | $0.41 |
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 | $909.2M |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $910.5M |
| 总资产 | $1.5B | $8.1B |
| 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DLOWU
| Q1 26 | — | $909.2M | ||
| Q4 25 | $719.9M | $1.2B | ||
| Q3 25 | $604.5M | $947.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $425.2M | $1.5B | ||
| Q3 24 | $560.5M | $1.1B | ||
| Q2 24 | — | $1.0B |
总债务DLOWU
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $2.9B | ||
| Q3 25 | $63.1M | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $39.8M | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
股东权益DLOWU
| Q1 26 | — | $910.5M | ||
| Q4 25 | $569.4M | $957.8M | ||
| Q3 25 | $504.7M | $925.4M | ||
| Q2 25 | — | $883.6M | ||
| Q1 25 | — | $939.4M | ||
| Q4 24 | $489.0M | $968.9M | ||
| Q3 24 | $457.0M | $652.7M | ||
| Q2 24 | — | $440.8M |
总资产DLOWU
| Q1 26 | — | $8.1B | ||
| Q4 25 | $1.5B | $8.3B | ||
| Q3 25 | $1.4B | $7.8B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | $1.2B | $8.4B | ||
| Q3 24 | — | $7.7B | ||
| Q2 24 | — | $8.0B |
负债/权益比DLOWU
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 3.01× | ||
| Q3 25 | 0.12× | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | 0.08× | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
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 | $109.0M |
| 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% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.80× | 1.68× |
| 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DLOWU
| Q1 26 | — | $109.0M | ||
| Q4 25 | $100.4M | $135.4M | ||
| Q3 25 | $315.0M | $260.4M | ||
| Q2 25 | — | $-300.0K | ||
| Q1 25 | — | $148.2M | ||
| Q4 24 | $-141.1M | $134.0M | ||
| Q3 24 | $108.3M | $212.1M | ||
| Q2 24 | — | $-33.8M |
自由现金流DLOWU
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | $115.5M | ||
| Q3 25 | $313.4M | $252.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $144.8M | ||
| Q4 24 | $-141.6M | $119.7M | ||
| Q3 24 | $107.1M | $205.1M | ||
| Q2 24 | — | $-38.9M |
自由现金流率DLOWU
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | 11.9% | ||
| Q3 25 | 110.9% | 25.6% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | -69.2% | 11.8% | ||
| Q3 24 | 57.6% | 20.6% | ||
| Q2 24 | — | -3.8% |
资本支出强度DLOWU
| Q1 26 | — | 4.8% | ||
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.7% | 0.7% | ||
| Q2 24 | — | 0.5% |
现金转化率DLOWU
| Q1 26 | — | 1.68× | ||
| Q4 25 | 1.80× | 1.18× | ||
| Q3 25 | 2.23× | 1.87× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | -4.75× | 0.35× | ||
| Q3 24 | 1.19× | 0.80× | ||
| Q2 24 | — | -0.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
