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Side-by-side financial comparison of dLocal Ltd (DLO) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $289.7M, roughly 1.2× ESCO TECHNOLOGIES INC). dLocal Ltd runs the higher net margin — 16.5% vs 9.9%, a 6.6% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 17.3%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $63.0M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
DLO vs ESE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $289.7M |
| Net Profit | $55.6M | $28.7M |
| Gross Margin | 34.3% | 41.4% |
| Operating Margin | 18.6% | 13.2% |
| Net Margin | 16.5% | 9.9% |
| Revenue YoY | 65.2% | 17.3% |
| Net Profit YoY | 87.3% | 22.2% |
| EPS (diluted) | $0.18 | $1.11 |
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 | $337.9M | $289.7M | ||
| Q3 25 | $282.5M | $286.5M | ||
| Q2 25 | — | $296.3M | ||
| Q1 25 | — | $265.5M | ||
| Q4 24 | $204.5M | $247.0M | ||
| Q3 24 | $185.8M | $298.5M | ||
| Q2 24 | — | $260.8M | ||
| Q1 24 | — | $249.1M |
| Q4 25 | $55.6M | $28.7M | ||
| Q3 25 | $141.3M | $218.7M | ||
| Q2 25 | — | $26.1M | ||
| Q1 25 | — | $31.0M | ||
| Q4 24 | $29.7M | $23.5M | ||
| Q3 24 | $90.8M | $34.3M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $23.2M |
| Q4 25 | 34.3% | 41.4% | ||
| Q3 25 | 36.5% | 45.9% | ||
| Q2 25 | — | 41.2% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | 40.9% | 39.8% | ||
| Q3 24 | 42.1% | 40.1% | ||
| Q2 24 | — | 39.6% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 18.6% | 13.2% | ||
| Q3 25 | 19.7% | 17.2% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | 20.7% | 11.4% | ||
| Q3 24 | 22.1% | 14.8% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 11.7% |
| Q4 25 | 16.5% | 9.9% | ||
| Q3 25 | 50.0% | 76.3% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | 14.5% | 9.5% | ||
| Q3 24 | 48.9% | 11.5% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | — | 9.3% |
| Q4 25 | $0.18 | $1.11 | ||
| Q3 25 | $0.17 | $8.43 | ||
| Q2 25 | — | $1.01 | ||
| Q1 25 | — | $1.20 | ||
| Q4 24 | $0.09 | $0.91 | ||
| Q3 24 | $0.09 | $1.32 | ||
| Q2 24 | — | $1.13 | ||
| Q1 24 | — | $0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $719.9M | $103.8M |
| Total DebtLower is stronger | $86.7M | $145.5M |
| Stockholders' EquityBook value | $569.4M | $1.6B |
| Total Assets | $1.5B | $2.4B |
| Debt / EquityLower = less leverage | 0.15× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $103.8M | ||
| Q3 25 | $604.5M | $101.3M | ||
| Q2 25 | — | $78.7M | ||
| Q1 25 | — | $57.4M | ||
| Q4 24 | $425.2M | $71.3M | ||
| Q3 24 | $560.5M | $66.0M | ||
| Q2 24 | — | $63.0M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $86.7M | $145.5M | ||
| Q3 25 | $63.1M | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | $39.8M | $112.0M | ||
| Q3 24 | — | $122.0M | ||
| Q2 24 | — | $173.0M | ||
| Q1 24 | — | $191.0M |
| Q4 25 | $569.4M | $1.6B | ||
| Q3 25 | $504.7M | $1.5B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $489.0M | $1.2B | ||
| Q3 24 | $457.0M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | 0.15× | 0.09× | ||
| Q3 25 | 0.12× | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | 0.08× | 0.09× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.16× |
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 | $100.4M | $68.9M |
| Free Cash FlowOCF − Capex | $99.8M | $63.0M |
| FCF MarginFCF / Revenue | 29.5% | 21.7% |
| Capex IntensityCapex / Revenue | 0.2% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.80× | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $68.9M | ||
| Q3 25 | $315.0M | $109.9M | ||
| Q2 25 | — | $73.7M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | $-141.1M | $34.2M | ||
| Q3 24 | $108.3M | $72.1M | ||
| Q2 24 | — | $36.2M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | $99.8M | $63.0M | ||
| Q3 25 | $313.4M | $97.8M | ||
| Q2 25 | — | $64.9M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | $-141.6M | $29.0M | ||
| Q3 24 | $107.1M | $60.9M | ||
| Q2 24 | — | $27.6M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | 29.5% | 21.7% | ||
| Q3 25 | 110.9% | 34.1% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | -69.2% | 11.7% | ||
| Q3 24 | 57.6% | 20.4% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.6% | 4.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.7% | 3.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 1.80× | 2.40× | ||
| Q3 25 | 2.23× | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | -4.75× | 1.46× | ||
| Q3 24 | 1.19× | 2.10× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
