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Side-by-side financial comparison of dLocal Ltd (DLO) and GLOBAL INDUSTRIAL Co (GIC). Click either name above to swap in a different company.

GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $337.9M, roughly 1.0× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs 4.2%, a 12.2% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 14.3%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $19.2M).

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

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.

DLO vs GIC — Head-to-Head

Bigger by revenue
GIC
GIC
1.0× larger
GIC
$345.6M
$337.9M
DLO
Growing faster (revenue YoY)
DLO
DLO
+50.9% gap
DLO
65.2%
14.3%
GIC
Higher net margin
DLO
DLO
12.2% more per $
DLO
16.5%
4.2%
GIC
More free cash flow
DLO
DLO
$80.6M more FCF
DLO
$99.8M
$19.2M
GIC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DLO
DLO
GIC
GIC
Revenue
$337.9M
$345.6M
Net Profit
$55.6M
$14.6M
Gross Margin
34.3%
34.5%
Operating Margin
18.6%
5.7%
Net Margin
16.5%
4.2%
Revenue YoY
65.2%
14.3%
Net Profit YoY
87.3%
36.4%
EPS (diluted)
$0.18
$0.37

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
GIC
GIC
Q4 25
$337.9M
$345.6M
Q3 25
$282.5M
$353.6M
Q2 25
$358.9M
Q1 25
$321.0M
Q4 24
$204.5M
$302.3M
Q3 24
$185.8M
$342.4M
Q2 24
$347.8M
Q1 24
$323.4M
Net Profit
DLO
DLO
GIC
GIC
Q4 25
$55.6M
$14.6M
Q3 25
$141.3M
$18.8M
Q2 25
$25.1M
Q1 25
$13.6M
Q4 24
$29.7M
$10.7M
Q3 24
$90.8M
$16.8M
Q2 24
$20.3M
Q1 24
$13.2M
Gross Margin
DLO
DLO
GIC
GIC
Q4 25
34.3%
34.5%
Q3 25
36.5%
35.6%
Q2 25
37.1%
Q1 25
34.9%
Q4 24
40.9%
33.8%
Q3 24
42.1%
34.0%
Q2 24
35.2%
Q1 24
34.3%
Operating Margin
DLO
DLO
GIC
GIC
Q4 25
18.6%
5.7%
Q3 25
19.7%
7.4%
Q2 25
9.3%
Q1 25
5.7%
Q4 24
20.7%
4.8%
Q3 24
22.1%
6.5%
Q2 24
7.6%
Q1 24
5.4%
Net Margin
DLO
DLO
GIC
GIC
Q4 25
16.5%
4.2%
Q3 25
50.0%
5.3%
Q2 25
7.0%
Q1 25
4.2%
Q4 24
14.5%
3.5%
Q3 24
48.9%
4.9%
Q2 24
5.8%
Q1 24
4.1%
EPS (diluted)
DLO
DLO
GIC
GIC
Q4 25
$0.18
$0.37
Q3 25
$0.17
$0.48
Q2 25
$0.65
Q1 25
$0.35
Q4 24
$0.09
$0.28
Q3 24
$0.09
$0.44
Q2 24
$0.52
Q1 24
$0.34

Balance Sheet & Financial Strength

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

Metric
DLO
DLO
GIC
GIC
Cash + ST InvestmentsLiquidity on hand
$719.9M
$67.5M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$313.2M
Total Assets
$1.5B
$580.8M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
GIC
GIC
Q4 25
$719.9M
$67.5M
Q3 25
$604.5M
$67.2M
Q2 25
$55.1M
Q1 25
$39.0M
Q4 24
$425.2M
$44.6M
Q3 24
$560.5M
$38.9M
Q2 24
$38.8M
Q1 24
$29.9M
Total Debt
DLO
DLO
GIC
GIC
Q4 25
$86.7M
Q3 25
$63.1M
Q2 25
Q1 25
Q4 24
$39.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DLO
DLO
GIC
GIC
Q4 25
$569.4M
$313.2M
Q3 25
$504.7M
$316.0M
Q2 25
$305.2M
Q1 25
$287.9M
Q4 24
$489.0M
$281.1M
Q3 24
$457.0M
$279.2M
Q2 24
$270.4M
Q1 24
$260.2M
Total Assets
DLO
DLO
GIC
GIC
Q4 25
$1.5B
$580.8M
Q3 25
$1.4B
$602.5M
Q2 25
$586.5M
Q1 25
$536.7M
Q4 24
$1.2B
$520.7M
Q3 24
$531.6M
Q2 24
$542.5M
Q1 24
$517.4M
Debt / Equity
DLO
DLO
GIC
GIC
Q4 25
0.15×
Q3 25
0.12×
Q2 25
Q1 25
Q4 24
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
DLO
DLO
GIC
GIC
Operating Cash FlowLast quarter
$100.4M
$20.0M
Free Cash FlowOCF − Capex
$99.8M
$19.2M
FCF MarginFCF / Revenue
29.5%
5.6%
Capex IntensityCapex / Revenue
0.2%
0.2%
Cash ConversionOCF / Net Profit
1.80×
1.37×
TTM Free Cash FlowTrailing 4 quarters
$378.7M
$74.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLO
DLO
GIC
GIC
Q4 25
$100.4M
$20.0M
Q3 25
$315.0M
$22.7M
Q2 25
$31.7M
Q1 25
$3.4M
Q4 24
$-141.1M
$15.9M
Q3 24
$108.3M
$9.6M
Q2 24
$18.8M
Q1 24
$6.4M
Free Cash Flow
DLO
DLO
GIC
GIC
Q4 25
$99.8M
$19.2M
Q3 25
$313.4M
$22.0M
Q2 25
$30.3M
Q1 25
$3.2M
Q4 24
$-141.6M
$15.2M
Q3 24
$107.1M
$8.7M
Q2 24
$17.9M
Q1 24
$5.1M
FCF Margin
DLO
DLO
GIC
GIC
Q4 25
29.5%
5.6%
Q3 25
110.9%
6.2%
Q2 25
8.4%
Q1 25
1.0%
Q4 24
-69.2%
5.0%
Q3 24
57.6%
2.5%
Q2 24
5.1%
Q1 24
1.6%
Capex Intensity
DLO
DLO
GIC
GIC
Q4 25
0.2%
0.2%
Q3 25
0.6%
0.2%
Q2 25
0.4%
Q1 25
0.1%
Q4 24
0.2%
0.2%
Q3 24
0.7%
0.3%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
DLO
DLO
GIC
GIC
Q4 25
1.80×
1.37×
Q3 25
2.23×
1.21×
Q2 25
1.26×
Q1 25
0.25×
Q4 24
-4.75×
1.49×
Q3 24
1.19×
0.57×
Q2 24
0.93×
Q1 24
0.48×

Financial Flow Comparison

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

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