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Side-by-side financial comparison of dLocal Ltd (DLO) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $337.9M, roughly 1.2× dLocal Ltd). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 16.5%, a 40.5% gap on every dollar of revenue. 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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
DLO vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $420.0M |
| Net Profit | $55.6M | $239.4M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 79.4% |
| Net Margin | 16.5% | 57.0% |
| Revenue YoY | 65.2% | 6.3% |
| Net Profit YoY | 87.3% | 40.5% |
| 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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $337.9M | $407.0M | ||
| Q3 25 | $282.5M | $397.6M | ||
| Q2 25 | — | $394.9M | ||
| Q1 25 | — | $395.2M | ||
| Q4 24 | $204.5M | $389.6M | ||
| Q3 24 | $185.8M | $385.3M | ||
| Q2 24 | — | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $55.6M | $275.4M | ||
| Q3 25 | $141.3M | $241.2M | ||
| Q2 25 | — | $151.4M | ||
| Q1 25 | — | $165.2M | ||
| Q4 24 | $29.7M | $223.6M | ||
| Q3 24 | $90.8M | $184.7M | ||
| Q2 24 | — | $208.3M |
| 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 | — | 79.4% | ||
| Q4 25 | 18.6% | 89.3% | ||
| Q3 25 | 19.7% | 84.8% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | 65.5% | ||
| Q4 24 | 20.7% | 79.1% | ||
| Q3 24 | 22.1% | 70.4% | ||
| Q2 24 | — | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 16.5% | 67.6% | ||
| Q3 25 | 50.0% | 60.7% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 41.8% | ||
| Q4 24 | 14.5% | 57.4% | ||
| Q3 24 | 48.9% | 47.9% | ||
| Q2 24 | — | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.18 | $0.96 | ||
| Q3 25 | $0.17 | $0.85 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.60 | ||
| Q4 24 | $0.09 | $0.79 | ||
| Q3 24 | $0.09 | $0.67 | ||
| Q2 24 | — | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $5.0B |
| Total Assets | $1.5B | $13.8B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $719.9M | — | ||
| Q3 25 | $604.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $425.2M | $560.8M | ||
| Q3 24 | $560.5M | $560.8M | ||
| Q2 24 | — | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $7.2B | ||
| Q3 25 | $63.1M | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $39.8M | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $569.4M | $4.6B | ||
| Q3 25 | $504.7M | $4.6B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $489.0M | $4.3B | ||
| Q3 24 | $457.0M | $4.3B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.5B | $12.9B | ||
| Q3 25 | $1.4B | $12.8B | ||
| Q2 25 | — | $12.5B | ||
| Q1 25 | — | $12.1B | ||
| Q4 24 | $1.2B | $13.1B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 1.56× | ||
| Q3 25 | 0.12× | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 0.08× | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | $1.1B | ||
| Q3 25 | $315.0M | $240.3M | ||
| Q2 25 | — | $293.4M | ||
| Q1 25 | — | $252.5M | ||
| Q4 24 | $-141.1M | $1.1B | ||
| Q3 24 | $108.3M | $270.4M | ||
| Q2 24 | — | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | $-141.6M | $1.1B | ||
| Q3 24 | $107.1M | $261.5M | ||
| Q2 24 | — | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | -69.2% | 275.3% | ||
| Q3 24 | 57.6% | 67.9% | ||
| Q2 24 | — | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.7% | 2.3% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 4.10× | ||
| Q3 25 | 2.23× | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | -4.75× | 4.80× | ||
| Q3 24 | 1.19× | 1.46× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
