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Side-by-side financial comparison of dLocal Ltd (DLO) and HighPeak Energy, Inc. (HPK). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $216.6M, roughly 1.6× HighPeak Energy, Inc.). dLocal Ltd runs the higher net margin — 16.5% vs -11.6%, a 28.1% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -23.3%).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
DLO vs HPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $216.6M |
| Net Profit | $55.6M | $-25.2M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | -7.6% |
| Net Margin | 16.5% | -11.6% |
| Revenue YoY | 65.2% | -23.3% |
| Net Profit YoY | 87.3% | -380.7% |
| EPS (diluted) | $0.18 | $-0.16 |
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 | $216.6M | ||
| Q3 25 | $282.5M | $188.9M | ||
| Q2 25 | — | $200.4M | ||
| Q1 25 | — | $257.4M | ||
| Q4 24 | $204.5M | $282.6M | ||
| Q3 24 | $185.8M | $271.6M | ||
| Q2 24 | — | $275.3M | ||
| Q1 24 | — | $287.8M |
| Q4 25 | $55.6M | $-25.2M | ||
| Q3 25 | $141.3M | $-18.3M | ||
| Q2 25 | — | $26.2M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $29.7M | $9.0M | ||
| Q3 24 | $90.8M | $49.9M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $6.4M |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.6% | -7.6% | ||
| Q3 25 | 19.7% | 17.3% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | 20.7% | 26.1% | ||
| Q3 24 | 22.1% | 27.0% | ||
| Q2 24 | — | 31.7% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 16.5% | -11.6% | ||
| Q3 25 | 50.0% | -9.7% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 14.1% | ||
| Q4 24 | 14.5% | 3.2% | ||
| Q3 24 | 48.9% | 18.4% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | $0.18 | $-0.16 | ||
| Q3 25 | $0.17 | $-0.15 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | $0.09 | $0.06 | ||
| Q3 24 | $0.09 | $0.35 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $0.05 |
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 | $162.1M |
| Total DebtLower is stronger | $86.7M | $1.2B |
| Stockholders' EquityBook value | $569.4M | $1.6B |
| Total Assets | $1.5B | $3.2B |
| Debt / EquityLower = less leverage | 0.15× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $162.1M | ||
| Q3 25 | $604.5M | $164.9M | ||
| Q2 25 | — | $21.9M | ||
| Q1 25 | — | $51.6M | ||
| Q4 24 | $425.2M | $86.6M | ||
| Q3 24 | $560.5M | $135.6M | ||
| Q2 24 | — | $157.9M | ||
| Q1 24 | — | $173.4M |
| Q4 25 | $86.7M | $1.2B | ||
| Q3 25 | $63.1M | $1.2B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $39.8M | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $569.4M | $1.6B | ||
| Q3 25 | $504.7M | $1.6B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $489.0M | $1.6B | ||
| Q3 24 | $457.0M | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | 0.15× | 0.75× | ||
| Q3 25 | 0.12× | 0.73× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 0.08× | 0.65× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.73× |
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 | $93.1M |
| 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.
| Q4 25 | $100.4M | $93.1M | ||
| Q3 25 | $315.0M | $120.2M | ||
| Q2 25 | — | $141.2M | ||
| Q1 25 | — | $157.1M | ||
| Q4 24 | $-141.1M | $139.5M | ||
| Q3 24 | $108.3M | $177.1M | ||
| Q2 24 | — | $202.3M | ||
| Q1 24 | — | $171.4M |
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.6M | — | ||
| Q3 24 | $107.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -69.2% | — | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | — | 5.39× | ||
| Q1 25 | — | 4.32× | ||
| Q4 24 | -4.75× | 15.53× | ||
| Q3 24 | 1.19× | 3.55× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 26.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
