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Side-by-side financial comparison of dLocal Ltd (DLO) and EQUITY LIFESTYLE PROPERTIES INC (ELS). Click either name above to swap in a different company.

EQUITY LIFESTYLE PROPERTIES INC is the larger business by last-quarter revenue ($397.6M vs $337.9M, roughly 1.2× dLocal Ltd). On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 6.3%).

dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

DLO vs ELS — Head-to-Head

Bigger by revenue
ELS
ELS
1.2× larger
ELS
$397.6M
$337.9M
DLO
Growing faster (revenue YoY)
DLO
DLO
+58.9% gap
DLO
65.2%
6.3%
ELS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DLO
DLO
ELS
ELS
Revenue
$337.9M
$397.6M
Net Profit
$55.6M
Gross Margin
34.3%
Operating Margin
18.6%
Net Margin
16.5%
Revenue YoY
65.2%
6.3%
Net Profit YoY
87.3%
EPS (diluted)
$0.18
$0.56

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.

Revenue
DLO
DLO
ELS
ELS
Q1 26
$397.6M
Q4 25
$337.9M
$373.9M
Q3 25
$282.5M
$393.3M
Q2 25
$376.9M
Q1 25
$387.3M
Q4 24
$204.5M
$372.3M
Q3 24
$185.8M
$387.3M
Q2 24
$380.0M
Net Profit
DLO
DLO
ELS
ELS
Q1 26
Q4 25
$55.6M
$103.8M
Q3 25
$141.3M
$100.4M
Q2 25
$83.5M
Q1 25
$114.4M
Q4 24
$29.7M
$100.6M
Q3 24
$90.8M
$86.9M
Q2 24
$82.1M
Gross Margin
DLO
DLO
ELS
ELS
Q1 26
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q1 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Operating Margin
DLO
DLO
ELS
ELS
Q1 26
Q4 25
18.6%
26.5%
Q3 25
19.7%
25.1%
Q2 25
22.3%
Q1 25
28.3%
Q4 24
20.7%
27.2%
Q3 24
22.1%
21.4%
Q2 24
21.5%
Net Margin
DLO
DLO
ELS
ELS
Q1 26
Q4 25
16.5%
27.8%
Q3 25
50.0%
25.5%
Q2 25
22.2%
Q1 25
29.5%
Q4 24
14.5%
27.0%
Q3 24
48.9%
22.4%
Q2 24
21.6%
EPS (diluted)
DLO
DLO
ELS
ELS
Q1 26
$0.56
Q4 25
$0.18
$0.52
Q3 25
$0.17
$0.50
Q2 25
$0.42
Q1 25
$0.57
Q4 24
$0.09
$0.51
Q3 24
$0.09
$0.44
Q2 24
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLO
DLO
ELS
ELS
Cash + ST InvestmentsLiquidity on hand
$719.9M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$1.8B
Total Assets
$1.5B
$5.7M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
ELS
ELS
Q1 26
Q4 25
$719.9M
Q3 25
$604.5M
Q2 25
Q1 25
Q4 24
$425.2M
Q3 24
$560.5M
Q2 24
Total Debt
DLO
DLO
ELS
ELS
Q1 26
Q4 25
$86.7M
$3.3B
Q3 25
$63.1M
Q2 25
Q1 25
Q4 24
$39.8M
$3.2B
Q3 24
Q2 24
Stockholders' Equity
DLO
DLO
ELS
ELS
Q1 26
$1.8B
Q4 25
$569.4M
$1.8B
Q3 25
$504.7M
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$489.0M
$1.7B
Q3 24
$457.0M
$1.4B
Q2 24
$1.4B
Total Assets
DLO
DLO
ELS
ELS
Q1 26
$5.7M
Q4 25
$1.5B
$5.7B
Q3 25
$1.4B
$5.7B
Q2 25
$5.7B
Q1 25
$5.6B
Q4 24
$1.2B
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
DLO
DLO
ELS
ELS
Q1 26
Q4 25
0.15×
1.91×
Q3 25
0.12×
Q2 25
Q1 25
Q4 24
0.08×
1.84×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLO
DLO
ELS
ELS
Operating Cash FlowLast quarter
$100.4M
Free Cash FlowOCF − Capex
$99.8M
FCF MarginFCF / Revenue
29.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.80×
TTM Free Cash FlowTrailing 4 quarters
$378.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLO
DLO
ELS
ELS
Q1 26
Q4 25
$100.4M
$571.1M
Q3 25
$315.0M
$147.0M
Q2 25
$131.3M
Q1 25
$193.4M
Q4 24
$-141.1M
$596.7M
Q3 24
$108.3M
$149.5M
Q2 24
$143.1M
Free Cash Flow
DLO
DLO
ELS
ELS
Q1 26
Q4 25
$99.8M
$334.1M
Q3 25
$313.4M
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$-141.6M
$355.4M
Q3 24
$107.1M
$91.1M
Q2 24
$80.6M
FCF Margin
DLO
DLO
ELS
ELS
Q1 26
Q4 25
29.5%
89.4%
Q3 25
110.9%
19.3%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
-69.2%
95.5%
Q3 24
57.6%
23.5%
Q2 24
21.2%
Capex Intensity
DLO
DLO
ELS
ELS
Q1 26
Q4 25
0.2%
63.4%
Q3 25
0.6%
18.1%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
0.2%
64.8%
Q3 24
0.7%
15.1%
Q2 24
16.5%
Cash Conversion
DLO
DLO
ELS
ELS
Q1 26
Q4 25
1.80×
5.50×
Q3 25
2.23×
1.46×
Q2 25
1.57×
Q1 25
1.69×
Q4 24
-4.75×
5.93×
Q3 24
1.19×
1.72×
Q2 24
1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

ELS
ELS

Rental income$339.0M85%
Other$37.2M9%
Annual membership subscriptions$18.3M5%
Membership upgrade revenue$3.1M1%

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