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Side-by-side financial comparison of dLocal Ltd (DLO) and OFG BANCORP (OFG). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $184.3M, roughly 1.8× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs 16.5%, a 13.9% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $99.8M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
DLO vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $184.3M |
| Net Profit | $55.6M | $55.9M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 25.7% |
| Net Margin | 16.5% | 30.3% |
| Revenue YoY | 65.2% | 0.9% |
| Net Profit YoY | 87.3% | 11.0% |
| EPS (diluted) | $0.18 | $1.27 |
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 | $184.3M | ||
| Q3 25 | $282.5M | $186.2M | ||
| Q2 25 | — | $182.4M | ||
| Q1 25 | — | $178.6M | ||
| Q4 24 | $204.5M | $182.7M | ||
| Q3 24 | $185.8M | $174.7M | ||
| Q2 24 | — | $179.8M | ||
| Q1 24 | — | $174.4M |
| Q4 25 | $55.6M | $55.9M | ||
| Q3 25 | $141.3M | $51.8M | ||
| Q2 25 | — | $51.8M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | $29.7M | $50.3M | ||
| Q3 24 | $90.8M | $47.0M | ||
| Q2 24 | — | $51.1M | ||
| Q1 24 | — | $49.7M |
| 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% | 25.7% | ||
| Q3 25 | 19.7% | 33.0% | ||
| Q2 25 | — | 36.1% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | 20.7% | 28.9% | ||
| Q3 24 | 22.1% | 35.4% | ||
| Q2 24 | — | 39.6% | ||
| Q1 24 | — | 38.9% |
| Q4 25 | 16.5% | 30.3% | ||
| Q3 25 | 50.0% | 27.8% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 25.5% | ||
| Q4 24 | 14.5% | 27.6% | ||
| Q3 24 | 48.9% | 26.9% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | $0.18 | $1.27 | ||
| Q3 25 | $0.17 | $1.16 | ||
| Q2 25 | — | $1.15 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | $0.09 | $1.10 | ||
| Q3 24 | $0.09 | $1.00 | ||
| Q2 24 | — | $1.08 | ||
| Q1 24 | — | $1.05 |
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 | $1.0B |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $1.4B |
| Total Assets | $1.5B | $12.5B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $1.0B | ||
| Q3 25 | $604.5M | $740.3M | ||
| Q2 25 | — | $851.8M | ||
| Q1 25 | — | $710.6M | ||
| Q4 24 | $425.2M | $591.1M | ||
| Q3 24 | $560.5M | $680.6M | ||
| Q2 24 | — | $740.4M | ||
| Q1 24 | — | $754.4M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $569.4M | $1.4B | ||
| Q3 25 | $504.7M | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $489.0M | $1.3B | ||
| Q3 24 | $457.0M | $1.3B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.5B | $12.5B | ||
| Q3 25 | $1.4B | $12.2B | ||
| Q2 25 | — | $12.2B | ||
| Q1 25 | — | $11.7B | ||
| Q4 24 | $1.2B | $11.5B | ||
| Q3 24 | — | $11.5B | ||
| Q2 24 | — | $11.3B | ||
| Q1 24 | — | $11.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $100.4M | $217.7M |
| Free Cash FlowOCF − Capex | $99.8M | $199.3M |
| FCF MarginFCF / Revenue | 29.5% | 108.1% |
| Capex IntensityCapex / Revenue | 0.2% | 10.0% |
| Cash ConversionOCF / Net Profit | 1.80× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $217.7M | ||
| Q3 25 | $315.0M | $39.5M | ||
| Q2 25 | — | $35.9M | ||
| Q1 25 | — | $83.1M | ||
| Q4 24 | $-141.1M | $252.5M | ||
| Q3 24 | $108.3M | $58.1M | ||
| Q2 24 | — | $95.1M | ||
| Q1 24 | — | $61.0M |
| Q4 25 | $99.8M | $199.3M | ||
| Q3 25 | $313.4M | $35.5M | ||
| Q2 25 | — | $31.8M | ||
| Q1 25 | — | $78.7M | ||
| Q4 24 | $-141.6M | $231.2M | ||
| Q3 24 | $107.1M | $51.8M | ||
| Q2 24 | — | $90.4M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | 29.5% | 108.1% | ||
| Q3 25 | 110.9% | 19.1% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | -69.2% | 126.5% | ||
| Q3 24 | 57.6% | 29.6% | ||
| Q2 24 | — | 50.3% | ||
| Q1 24 | — | 31.4% |
| Q4 25 | 0.2% | 10.0% | ||
| Q3 25 | 0.6% | 2.1% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 0.2% | 11.7% | ||
| Q3 24 | 0.7% | 3.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 1.80× | 3.90× | ||
| Q3 25 | 2.23× | 0.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | -4.75× | 5.02× | ||
| Q3 24 | 1.19× | 1.24× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
