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Side-by-side financial comparison of Andersons, Inc. (ANDE) and dLocal Ltd (DLO). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $329.5M, roughly 1.0× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 16.5%, a 4.0% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -2.4%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $-77.1M).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
ANDE vs DLO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $337.9M |
| Net Profit | $67.4M | $55.6M |
| Gross Margin | 70.3% | 34.3% |
| Operating Margin | 26.6% | 18.6% |
| Net Margin | 20.5% | 16.5% |
| Revenue YoY | -2.4% | 65.2% |
| Net Profit YoY | 49.6% | 87.3% |
| EPS (diluted) | — | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $329.5M | $337.9M | ||
| Q3 25 | $295.8M | $282.5M | ||
| Q2 25 | $535.0M | — | ||
| Q1 25 | $370.8M | — | ||
| Q4 24 | $337.5M | $204.5M | ||
| Q3 24 | $231.9M | $185.8M | ||
| Q2 24 | $492.5M | — | ||
| Q1 24 | $341.4M | — |
| Q4 25 | $67.4M | $55.6M | ||
| Q3 25 | $20.1M | $141.3M | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $284.0K | — | ||
| Q4 24 | $45.1M | $29.7M | ||
| Q3 24 | $27.4M | $90.8M | ||
| Q2 24 | $36.0M | — | ||
| Q1 24 | $5.6M | — |
| Q4 25 | 70.3% | 34.3% | ||
| Q3 25 | 57.8% | 36.5% | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | 40.9% | ||
| Q3 24 | 76.4% | 42.1% | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | 26.6% | 18.6% | ||
| Q3 25 | 8.7% | 19.7% | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 19.9% | 20.7% | ||
| Q3 24 | 26.8% | 22.1% | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | 20.5% | 16.5% | ||
| Q3 25 | 6.8% | 50.0% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 13.4% | 14.5% | ||
| Q3 24 | 11.8% | 48.9% | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.59 | $0.17 | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $1.31 | $0.09 | ||
| Q3 24 | $0.80 | $0.09 | ||
| Q2 24 | $1.05 | — | ||
| Q1 24 | $0.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $719.9M |
| Total DebtLower is stronger | $560.0M | $86.7M |
| Stockholders' EquityBook value | $1.2B | $569.4M |
| Total Assets | $3.7B | $1.5B |
| Debt / EquityLower = less leverage | 0.45× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $719.9M | ||
| Q3 25 | — | $604.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | $425.2M | ||
| Q3 24 | — | $560.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $560.0M | $86.7M | ||
| Q3 25 | — | $63.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | $39.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $569.4M | ||
| Q3 25 | $1.2B | $504.7M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $489.0M | ||
| Q3 24 | $1.3B | $457.0M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | 0.45× | 0.15× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | 0.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $100.4M |
| Free Cash FlowOCF − Capex | $-77.1M | $99.8M |
| FCF MarginFCF / Revenue | -23.4% | 29.5% |
| Capex IntensityCapex / Revenue | 21.5% | 0.2% |
| Cash ConversionOCF / Net Profit | -0.09× | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $378.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $100.4M | ||
| Q3 25 | $233.9M | $315.0M | ||
| Q2 25 | $299.3M | — | ||
| Q1 25 | $-350.0M | — | ||
| Q4 24 | $268.8M | $-141.1M | ||
| Q3 24 | $-2.1M | $108.3M | ||
| Q2 24 | $304.4M | — | ||
| Q1 24 | $-239.6M | — |
| Q4 25 | $-77.1M | $99.8M | ||
| Q3 25 | $167.0M | $313.4M | ||
| Q2 25 | $250.5M | — | ||
| Q1 25 | $-396.6M | — | ||
| Q4 24 | $212.9M | $-141.6M | ||
| Q3 24 | $-40.0M | $107.1M | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $-266.4M | — |
| Q4 25 | -23.4% | 29.5% | ||
| Q3 25 | 56.5% | 110.9% | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | -106.9% | — | ||
| Q4 24 | 63.1% | -69.2% | ||
| Q3 24 | -17.2% | 57.6% | ||
| Q2 24 | 56.0% | — | ||
| Q1 24 | -78.0% | — |
| Q4 25 | 21.5% | 0.2% | ||
| Q3 25 | 22.6% | 0.6% | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 16.6% | 0.2% | ||
| Q3 24 | 16.3% | 0.7% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 7.8% | — |
| Q4 25 | -0.09× | 1.80× | ||
| Q3 25 | 11.61× | 2.23× | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | -4.75× | ||
| Q3 24 | -0.08× | 1.19× | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
DLO
Segment breakdown not available.
