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Side-by-side financial comparison of dLocal Ltd (DLO) and MASIMO CORP (MASI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $337.9M, roughly 1.1× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs -27.0%, a 43.5% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -26.4%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $50.9M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.
DLO vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $371.5M |
| Net Profit | $55.6M | $-100.4M |
| Gross Margin | 34.3% | 62.1% |
| Operating Margin | 18.6% | 22.5% |
| Net Margin | 16.5% | -27.0% |
| Revenue YoY | 65.2% | -26.4% |
| Net Profit YoY | 87.3% | -1124.5% |
| EPS (diluted) | $0.18 | $-1.84 |
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 | — | ||
| Q3 25 | $282.5M | $371.5M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $372.0M | ||
| Q4 24 | $204.5M | $600.7M | ||
| Q3 24 | $185.8M | $504.6M | ||
| Q2 24 | — | $496.3M | ||
| Q1 24 | — | $492.8M |
| Q4 25 | $55.6M | — | ||
| Q3 25 | $141.3M | $-100.4M | ||
| Q2 25 | — | $51.3M | ||
| Q1 25 | — | $-170.7M | ||
| Q4 24 | $29.7M | $-349.6M | ||
| Q3 24 | $90.8M | $9.8M | ||
| Q2 24 | — | $16.0M | ||
| Q1 24 | — | $18.9M |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | 62.1% | ||
| Q2 25 | — | 62.9% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | 40.9% | 40.7% | ||
| Q3 24 | 42.1% | 52.2% | ||
| Q2 24 | — | 51.3% | ||
| Q1 24 | — | 49.0% |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 19.7% | 22.5% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | 20.7% | -59.8% | ||
| Q3 24 | 22.1% | 6.0% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 6.9% |
| Q4 25 | 16.5% | — | ||
| Q3 25 | 50.0% | -27.0% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | -45.9% | ||
| Q4 24 | 14.5% | -58.2% | ||
| Q3 24 | 48.9% | 1.9% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.17 | $-1.84 | ||
| Q2 25 | — | $0.94 | ||
| Q1 25 | — | $-3.12 | ||
| Q4 24 | $0.09 | $-6.54 | ||
| Q3 24 | $0.09 | $0.18 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $0.35 |
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 | $312.3M |
| Total DebtLower is stronger | $86.7M | $559.1M |
| Stockholders' EquityBook value | $569.4M | $810.0M |
| Total Assets | $1.5B | $1.8B |
| Debt / EquityLower = less leverage | 0.15× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | — | ||
| Q3 25 | $604.5M | $312.3M | ||
| Q2 25 | — | $149.6M | ||
| Q1 25 | — | $130.8M | ||
| Q4 24 | $425.2M | $177.6M | ||
| Q3 24 | $560.5M | $158.5M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $157.6M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | $39.8M | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
| Q4 25 | $569.4M | — | ||
| Q3 25 | $504.7M | $810.0M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $946.4M | ||
| Q4 24 | $489.0M | $1.1B | ||
| Q3 24 | $457.0M | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 0.08× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $56.8M |
| Free Cash FlowOCF − Capex | $99.8M | $50.9M |
| FCF MarginFCF / Revenue | 29.5% | 13.7% |
| Capex IntensityCapex / Revenue | 0.2% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | — | ||
| Q3 25 | $315.0M | $56.8M | ||
| Q2 25 | — | $69.4M | ||
| Q1 25 | — | $31.1M | ||
| Q4 24 | $-141.1M | $50.5M | ||
| Q3 24 | $108.3M | $25.6M | ||
| Q2 24 | — | $74.5M | ||
| Q1 24 | — | $45.8M |
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | $50.9M | ||
| Q2 25 | — | $65.6M | ||
| Q1 25 | — | $28.5M | ||
| Q4 24 | $-141.6M | $46.0M | ||
| Q3 24 | $107.1M | $16.9M | ||
| Q2 24 | — | $66.9M | ||
| Q1 24 | — | $37.6M |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | 13.7% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | -69.2% | 7.7% | ||
| Q3 24 | 57.6% | 3.3% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | — | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
