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Side-by-side financial comparison of dLocal Ltd (DLO) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $326.2M, roughly 1.0× New Fortress Energy Inc.). dLocal Ltd runs the higher net margin — 16.5% vs -259.7%, a 276.1% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -7.0%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $-134.8M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
DLO vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $326.2M |
| Net Profit | $55.6M | $-847.1M |
| Gross Margin | 34.3% | 35.5% |
| Operating Margin | 18.6% | -193.0% |
| Net Margin | 16.5% | -259.7% |
| Revenue YoY | 65.2% | -7.0% |
| Net Profit YoY | 87.3% | -277.4% |
| EPS (diluted) | $0.18 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $282.5M | $240.3M | ||
| Q2 25 | — | $228.1M | ||
| Q1 25 | — | $384.9M | ||
| Q4 24 | $204.5M | $350.7M | ||
| Q3 24 | $185.8M | $446.0M | ||
| Q2 24 | — | $291.2M | ||
| Q1 24 | — | $609.5M |
| Q4 25 | $55.6M | $-847.1M | ||
| Q3 25 | $141.3M | $-263.0M | ||
| Q2 25 | — | $-546.5M | ||
| Q1 25 | — | $-175.4M | ||
| Q4 24 | $29.7M | $-224.4M | ||
| Q3 24 | $90.8M | $9.3M | ||
| Q2 24 | — | $-88.9M | ||
| Q1 24 | — | $54.1M |
| Q4 25 | 34.3% | 35.5% | ||
| Q3 25 | 36.5% | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | 40.9% | 17.6% | ||
| Q3 24 | 42.1% | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 18.6% | -193.0% | ||
| Q3 25 | 19.7% | -37.4% | ||
| Q2 25 | — | -170.3% | ||
| Q1 25 | — | -3.3% | ||
| Q4 24 | 20.7% | 65.0% | ||
| Q3 24 | 22.1% | 17.8% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | — | 30.4% |
| Q4 25 | 16.5% | -259.7% | ||
| Q3 25 | 50.0% | -109.4% | ||
| Q2 25 | — | -239.6% | ||
| Q1 25 | — | -45.6% | ||
| Q4 24 | 14.5% | -64.0% | ||
| Q3 24 | 48.9% | 2.1% | ||
| Q2 24 | — | -30.5% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | $0.18 | $-3.03 | ||
| Q3 25 | $0.17 | $-0.96 | ||
| Q2 25 | — | $-1.99 | ||
| Q1 25 | — | $-0.65 | ||
| Q4 24 | $0.09 | $-1.10 | ||
| Q3 24 | $0.09 | $0.03 | ||
| Q2 24 | — | $-0.42 | ||
| Q1 24 | — | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $86.7M | $8.2B |
| Stockholders' EquityBook value | $569.4M | $182.6M |
| Total Assets | $1.5B | $10.6B |
| Debt / EquityLower = less leverage | 0.15× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $226.5M | ||
| Q3 25 | $604.5M | $145.2M | ||
| Q2 25 | — | $551.1M | ||
| Q1 25 | — | $447.9M | ||
| Q4 24 | $425.2M | $492.9M | ||
| Q3 24 | $560.5M | $90.8M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | — | $143.5M |
| Q4 25 | $86.7M | $8.2B | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $569.4M | $182.6M | ||
| Q3 25 | $504.7M | $1.1B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $489.0M | $1.9B | ||
| Q3 24 | $457.0M | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $1.5B | $10.6B | ||
| Q3 25 | $1.4B | $12.0B | ||
| Q2 25 | — | $12.0B | ||
| Q1 25 | — | $13.1B | ||
| Q4 24 | $1.2B | $12.9B | ||
| Q3 24 | — | $12.0B | ||
| Q2 24 | — | $11.4B | ||
| Q1 24 | — | $10.9B |
| Q4 25 | 0.15× | 44.78× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | 4.74× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $100.4M | $-76.2M |
| Free Cash FlowOCF − Capex | $99.8M | $-134.8M |
| FCF MarginFCF / Revenue | 29.5% | -41.3% |
| Capex IntensityCapex / Revenue | 0.2% | 18.0% |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $-76.2M | ||
| Q3 25 | $315.0M | $-171.0M | ||
| Q2 25 | — | $-329.0M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | $-141.1M | $445.3M | ||
| Q3 24 | $108.3M | $-20.0M | ||
| Q2 24 | — | $113.9M | ||
| Q1 24 | — | $63.0M |
| Q4 25 | $99.8M | $-134.8M | ||
| Q3 25 | $313.4M | $-231.6M | ||
| Q2 25 | — | $-726.7M | ||
| Q1 25 | — | $-262.3M | ||
| Q4 24 | $-141.6M | $-210.3M | ||
| Q3 24 | $107.1M | $-367.0M | ||
| Q2 24 | — | $-493.2M | ||
| Q1 24 | — | $-457.9M |
| Q4 25 | 29.5% | -41.3% | ||
| Q3 25 | 110.9% | -96.4% | ||
| Q2 25 | — | -318.6% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | -69.2% | -60.0% | ||
| Q3 24 | 57.6% | -82.3% | ||
| Q2 24 | — | -169.3% | ||
| Q1 24 | — | -75.1% |
| Q4 25 | 0.2% | 18.0% | ||
| Q3 25 | 0.6% | 25.2% | ||
| Q2 25 | — | 174.4% | ||
| Q1 25 | — | 66.3% | ||
| Q4 24 | 0.2% | 187.0% | ||
| Q3 24 | 0.7% | 77.8% | ||
| Q2 24 | — | 208.4% | ||
| Q1 24 | — | 85.5% |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | -2.15× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
