vs
Side-by-side financial comparison of dLocal Ltd (DLO) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $336.0M, roughly 1.0× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 16.5%, a 22.1% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 8.7%).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
DLO vs FRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $336.0M |
| Net Profit | $55.6M | $129.7M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 53.8% |
| Net Margin | 16.5% | 38.6% |
| Revenue YoY | 65.2% | 8.7% |
| Net Profit YoY | 87.3% | 103.5% |
| EPS (diluted) | $0.18 | $1.49 |
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.
| Q1 26 | — | $336.0M | ||
| Q4 25 | $337.9M | $336.0M | ||
| Q3 25 | $282.5M | $322.3M | ||
| Q2 25 | — | $311.5M | ||
| Q1 25 | — | $309.2M | ||
| Q4 24 | $204.5M | $311.4M | ||
| Q3 24 | $185.8M | $303.6M | ||
| Q2 24 | — | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | $55.6M | $129.7M | ||
| Q3 25 | $141.3M | $61.6M | ||
| Q2 25 | — | $155.9M | ||
| Q1 25 | — | $63.8M | ||
| Q4 24 | $29.7M | $65.5M | ||
| Q3 24 | $90.8M | $61.0M | ||
| Q2 24 | — | $112.0M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 53.8% | ||
| Q4 25 | 18.6% | 53.8% | ||
| Q3 25 | 19.7% | 34.3% | ||
| Q2 25 | — | 65.1% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | 20.7% | 35.1% | ||
| Q3 24 | 22.1% | 34.9% | ||
| Q2 24 | — | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 16.5% | 38.6% | ||
| Q3 25 | 50.0% | 19.1% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | 14.5% | 21.0% | ||
| Q3 24 | 48.9% | 20.1% | ||
| Q2 24 | — | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | $0.18 | $1.49 | ||
| Q3 25 | $0.17 | $0.69 | ||
| Q2 25 | — | $1.78 | ||
| Q1 25 | — | $0.72 | ||
| Q4 24 | $0.09 | $0.74 | ||
| Q3 24 | $0.09 | $0.70 | ||
| Q2 24 | — | $1.32 |
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 | $107.4M |
| Total DebtLower is stronger | $86.7M | $5.0B |
| Stockholders' EquityBook value | $569.4M | $3.2B |
| Total Assets | $1.5B | $9.1B |
| Debt / EquityLower = less leverage | 0.15× | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | $719.9M | $107.4M | ||
| Q3 25 | $604.5M | $111.3M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | — | $109.2M | ||
| Q4 24 | $425.2M | $123.4M | ||
| Q3 24 | $560.5M | $97.0M | ||
| Q2 24 | — | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $86.7M | $5.0B | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | $4.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $569.4M | $3.2B | ||
| Q3 25 | $504.7M | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $489.0M | $3.2B | ||
| Q3 24 | $457.0M | $3.1B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.5B | $9.1B | ||
| Q3 25 | $1.4B | $8.9B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | $1.2B | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | 0.15× | 1.53× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | 1.42× | ||
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $100.4M | $622.4M | ||
| Q3 25 | $315.0M | $147.8M | ||
| Q2 25 | — | $150.7M | ||
| Q1 25 | — | $179.0M | ||
| Q4 24 | $-141.1M | $574.6M | ||
| Q3 24 | $108.3M | $144.1M | ||
| Q2 24 | — | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.6M | — | ||
| Q3 24 | $107.1M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -69.2% | — | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 4.80× | ||
| Q3 25 | 2.23× | 2.40× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | -4.75× | 8.77× | ||
| Q3 24 | 1.19× | 2.36× | ||
| Q2 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
