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DELUXE CORP（DLX）与Live Nation Entertainment（LYV）财务数据对比。点击上方公司名可切换其他公司
Live Nation Entertainment的季度营收约是DELUXE CORP的11.8倍（$6.3B vs $535.2M）。DELUXE CORP净利率更高（2.2% vs -3.2%，领先5.4%）。Live Nation Entertainment同比增速更快（11.1% vs 2.8%）。过去两年Live Nation Entertainment的营收复合增速更高（28.9% vs 0.0%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
Live Nation Entertainment是美国跨国娱乐企业，2010年由Live Nation与Ticketmaster合并成立，旗下保留运营两大原有品牌。公司业务覆盖全球，主营现场娱乐活动宣发、票务销售，同时持有并运营多家娱乐场馆，还为音乐人提供艺人经纪管理服务。
DLX vs LYV — 直观对比
营收规模更大
LYV
是对方的11.8倍
$535.2M
营收增速更快
LYV
高出8.3%
2.8%
净利率更高
DLX
高出5.4%
-3.2%
两年增速更快
LYV
近两年复合增速
0.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $6.3B |
| 净利润 | $12.0M | $-202.1M |
| 毛利率 | 52.2% | — |
| 营业利润率 | 8.9% | -2.3% |
| 净利率 | 2.2% | -3.2% |
| 营收同比 | 2.8% | 11.1% |
| 净利润同比 | -5.0% | -204.6% |
| 每股收益（稀释后） | $0.25 | $-1.06 |
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DLXLYV
| Q4 25 | $535.2M | $6.3B | ||
| Q3 25 | $540.2M | $8.5B | ||
| Q2 25 | $521.3M | $7.0B | ||
| Q1 25 | $536.5M | $3.4B | ||
| Q4 24 | $520.6M | $5.7B | ||
| Q3 24 | $528.4M | $7.7B | ||
| Q2 24 | $537.8M | $6.0B | ||
| Q1 24 | $535.0M | $3.8B |
净利润DLXLYV
| Q4 25 | $12.0M | $-202.1M | ||
| Q3 25 | $33.7M | $431.5M | ||
| Q2 25 | $22.4M | $243.4M | ||
| Q1 25 | $14.0M | $23.2M | ||
| Q4 24 | $12.6M | $193.2M | ||
| Q3 24 | $8.9M | $451.8M | ||
| Q2 24 | $20.5M | $298.0M | ||
| Q1 24 | $10.8M | $-46.7M |
毛利率DLXLYV
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 53.3% | — | ||
| Q2 24 | 53.7% | — | ||
| Q1 24 | 53.0% | — |
营业利润率DLXLYV
| Q4 25 | 8.9% | -2.3% | ||
| Q3 25 | 14.0% | 9.3% | ||
| Q2 25 | 11.7% | 6.9% | ||
| Q1 25 | 9.0% | 3.4% | ||
| Q4 24 | 9.0% | -4.3% | ||
| Q3 24 | 7.9% | 8.4% | ||
| Q2 24 | 11.0% | 7.7% | ||
| Q1 24 | 8.3% | -1.0% |
净利率DLXLYV
| Q4 25 | 2.2% | -3.2% | ||
| Q3 25 | 6.2% | 5.1% | ||
| Q2 25 | 4.3% | 3.5% | ||
| Q1 25 | 2.6% | 0.7% | ||
| Q4 24 | 2.4% | 3.4% | ||
| Q3 24 | 1.7% | 5.9% | ||
| Q2 24 | 3.8% | 4.9% | ||
| Q1 24 | 2.0% | -1.2% |
每股收益（稀释后）DLXLYV
| Q4 25 | $0.25 | $-1.06 | ||
| Q3 25 | $0.74 | $0.73 | ||
| Q2 25 | $0.50 | $0.41 | ||
| Q1 25 | $0.31 | $-0.32 | ||
| Q4 24 | $0.28 | $0.58 | ||
| Q3 24 | $0.20 | $1.66 | ||
| Q2 24 | $0.46 | $1.03 | ||
| Q1 24 | $0.24 | $-0.53 |
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 | $36.9M | $7.1B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $680.7M | $271.0M |
| 总资产 | $2.9B | $22.9B |
| 负债/权益比越低杠杆越低 | — | 28.09× |
8季度趋势，按日历期对齐
现金及短期投资DLXLYV
| Q4 25 | $36.9M | $7.1B | ||
| Q3 25 | $25.8M | $6.8B | ||
| Q2 25 | $26.0M | $7.1B | ||
| Q1 25 | $30.3M | $7.2B | ||
| Q4 24 | $34.4M | $6.1B | ||
| Q3 24 | $41.3M | $5.5B | ||
| Q2 24 | $23.1M | $6.4B | ||
| Q1 24 | $23.5M | $6.5B |
总债务DLXLYV
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $5.1B |
股东权益DLXLYV
| Q4 25 | $680.7M | $271.0M | ||
| Q3 25 | $664.1M | $521.3M | ||
| Q2 25 | $638.7M | $360.1M | ||
| Q1 25 | $622.5M | $106.0M | ||
| Q4 24 | $620.9M | $173.3M | ||
| Q3 24 | $612.7M | $288.0M | ||
| Q2 24 | $620.5M | $-43.3M | ||
| Q1 24 | $608.4M | $-114.8M |
总资产DLXLYV
| Q4 25 | $2.9B | $22.9B | ||
| Q3 25 | $2.6B | $22.9B | ||
| Q2 25 | $2.5B | $23.2B | ||
| Q1 25 | $2.6B | $21.8B | ||
| Q4 24 | $2.8B | $19.6B | ||
| Q3 24 | $2.6B | $19.7B | ||
| Q2 24 | $2.7B | $20.5B | ||
| Q1 24 | $2.7B | $20.0B |
负债/权益比DLXLYV
| Q4 25 | — | 28.09× | ||
| Q3 25 | — | 11.71× | ||
| Q2 25 | — | 13.86× | ||
| Q1 25 | — | 55.93× | ||
| Q4 24 | — | 35.65× | ||
| Q3 24 | — | 19.70× | ||
| 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 | $102.1M | $-53.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-405.6M |
| 自由现金流率自由现金流/营收 | — | -6.4% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | 8.53× | — |
| 过去12个月自由现金流最近4个季度 | — | $333.6M |
8季度趋势，按日历期对齐
经营现金流DLXLYV
| Q4 25 | $102.1M | $-53.7M | ||
| Q3 25 | $67.1M | $-95.7M | ||
| Q2 25 | $51.1M | $223.5M | ||
| Q1 25 | $50.3M | $1.3B | ||
| Q4 24 | $60.2M | $1.0B | ||
| Q3 24 | $67.9M | $-720.9M | ||
| Q2 24 | $39.6M | $412.1M | ||
| Q1 24 | $26.6M | $988.9M |
自由现金流DLXLYV
| Q4 25 | — | $-405.6M | ||
| Q3 25 | — | $-371.3M | ||
| Q2 25 | $27.8M | $-39.9M | ||
| Q1 25 | $24.3M | $1.2B | ||
| Q4 24 | — | $890.2M | ||
| Q3 24 | $46.7M | $-879.0M | ||
| Q2 24 | $11.4M | $212.4M | ||
| Q1 24 | $6.1M | $854.8M |
自由现金流率DLXLYV
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | 5.3% | -0.6% | ||
| Q1 25 | 4.5% | 34.0% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 8.8% | -11.5% | ||
| Q2 24 | 2.1% | 3.5% | ||
| Q1 24 | 1.1% | 22.5% |
资本支出强度DLXLYV
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | 4.5% | 3.8% | ||
| Q1 25 | 4.8% | 5.0% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 4.0% | 2.1% | ||
| Q2 24 | 5.2% | 3.3% | ||
| Q1 24 | 3.8% | 3.5% |
现金转化率DLXLYV
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | -0.22× | ||
| Q2 25 | 2.28× | 0.92× | ||
| Q1 25 | 3.59× | 56.94× | ||
| Q4 24 | 4.77× | 5.41× | ||
| Q3 24 | 7.60× | -1.60× | ||
| Q2 24 | 1.94× | 1.38× | ||
| Q1 24 | 2.46× | — |
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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
LYV
| Concerts | $5.1B | 82% |
| Ticketing | $846.2M | 13% |
| Sponsorship And Advertising | $329.9M | 5% |
