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Side-by-side financial comparison of dLocal Ltd (DLO) and Pebblebrook Hotel Trust (PEB). Click either name above to swap in a different company.

Pebblebrook Hotel Trust is the larger business by last-quarter revenue ($345.7M vs $337.9M, roughly 1.0× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs -5.3%, a 21.8% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 7.9%). Pebblebrook Hotel Trust produced more free cash flow last quarter ($114.5M vs $99.8M).

dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns, manages, and invests in upscale, luxury, and boutique hotel properties primarily across major urban and leisure destinations in the United States. Its portfolio caters to both business and leisure travelers, focusing on high-demand markets to deliver long-term value for stakeholders.

DLO vs PEB — Head-to-Head

Bigger by revenue
PEB
PEB
1.0× larger
PEB
$345.7M
$337.9M
DLO
Growing faster (revenue YoY)
DLO
DLO
+57.3% gap
DLO
65.2%
7.9%
PEB
Higher net margin
DLO
DLO
21.8% more per $
DLO
16.5%
-5.3%
PEB
More free cash flow
PEB
PEB
$14.7M more FCF
PEB
$114.5M
$99.8M
DLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DLO
DLO
PEB
PEB
Revenue
$337.9M
$345.7M
Net Profit
$55.6M
$-18.4M
Gross Margin
34.3%
Operating Margin
18.6%
2.3%
Net Margin
16.5%
-5.3%
Revenue YoY
65.2%
7.9%
Net Profit YoY
87.3%
31.8%
EPS (diluted)
$0.18
$-0.26

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.

Revenue
DLO
DLO
PEB
PEB
Q1 26
$345.7M
Q4 25
$337.9M
$349.0M
Q3 25
$282.5M
$398.7M
Q2 25
$407.5M
Q1 25
$320.3M
Q4 24
$204.5M
$337.6M
Q3 24
$185.8M
$404.5M
Q2 24
$397.1M
Net Profit
DLO
DLO
PEB
PEB
Q1 26
$-18.4M
Q4 25
$55.6M
$-17.9M
Q3 25
$141.3M
$-33.1M
Q2 25
$18.1M
Q1 25
$-32.9M
Q4 24
$29.7M
$-50.5M
Q3 24
$90.8M
$43.7M
Q2 24
$30.9M
Gross Margin
DLO
DLO
PEB
PEB
Q1 26
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q1 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Operating Margin
DLO
DLO
PEB
PEB
Q1 26
2.3%
Q4 25
18.6%
2.5%
Q3 25
19.7%
-2.6%
Q2 25
12.9%
Q1 25
-2.3%
Q4 24
20.7%
-6.7%
Q3 24
22.1%
11.6%
Q2 24
15.4%
Net Margin
DLO
DLO
PEB
PEB
Q1 26
-5.3%
Q4 25
16.5%
-5.1%
Q3 25
50.0%
-8.3%
Q2 25
4.4%
Q1 25
-10.3%
Q4 24
14.5%
-15.0%
Q3 24
48.9%
10.8%
Q2 24
7.8%
EPS (diluted)
DLO
DLO
PEB
PEB
Q1 26
$-0.26
Q4 25
$0.18
$-0.22
Q3 25
$0.17
$-0.37
Q2 25
$0.06
Q1 25
$-0.37
Q4 24
$0.09
$-0.47
Q3 24
$0.09
$0.24
Q2 24
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLO
DLO
PEB
PEB
Cash + ST InvestmentsLiquidity on hand
$719.9M
$196.2M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$2.4B
Total Assets
$1.5B
$5.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
PEB
PEB
Q1 26
$196.2M
Q4 25
$719.9M
$184.2M
Q3 25
$604.5M
$223.2M
Q2 25
$256.1M
Q1 25
$208.1M
Q4 24
$425.2M
$206.7M
Q3 24
$560.5M
$134.0M
Q2 24
$101.7M
Total Debt
DLO
DLO
PEB
PEB
Q1 26
Q4 25
$86.7M
$2.1B
Q3 25
$63.1M
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$39.8M
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
DLO
DLO
PEB
PEB
Q1 26
$2.4B
Q4 25
$569.4M
$2.5B
Q3 25
$504.7M
$2.5B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$489.0M
$2.7B
Q3 24
$457.0M
$2.8B
Q2 24
$2.7B
Total Assets
DLO
DLO
PEB
PEB
Q1 26
$5.3B
Q4 25
$1.5B
$5.3B
Q3 25
$1.4B
$5.6B
Q2 25
$5.7B
Q1 25
$5.7B
Q4 24
$1.2B
$5.7B
Q3 24
$5.7B
Q2 24
$5.7B
Debt / Equity
DLO
DLO
PEB
PEB
Q1 26
Q4 25
0.15×
0.86×
Q3 25
0.12×
0.89×
Q2 25
0.85×
Q1 25
0.85×
Q4 24
0.08×
0.83×
Q3 24
0.80×
Q2 24
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLO
DLO
PEB
PEB
Operating Cash FlowLast quarter
$100.4M
Free Cash FlowOCF − Capex
$99.8M
$114.5M
FCF MarginFCF / Revenue
29.5%
33.1%
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.

Operating Cash Flow
DLO
DLO
PEB
PEB
Q1 26
Q4 25
$100.4M
$249.7M
Q3 25
$315.0M
$77.6M
Q2 25
$90.5M
Q1 25
$50.3M
Q4 24
$-141.1M
$275.0M
Q3 24
$108.3M
$76.1M
Q2 24
$83.7M
Free Cash Flow
DLO
DLO
PEB
PEB
Q1 26
$114.5M
Q4 25
$99.8M
$152.3M
Q3 25
$313.4M
$6.8M
Q2 25
Q1 25
Q4 24
$-141.6M
$146.3M
Q3 24
$107.1M
$-24.8M
Q2 24
FCF Margin
DLO
DLO
PEB
PEB
Q1 26
33.1%
Q4 25
29.5%
43.6%
Q3 25
110.9%
1.7%
Q2 25
Q1 25
Q4 24
-69.2%
43.3%
Q3 24
57.6%
-6.1%
Q2 24
Capex Intensity
DLO
DLO
PEB
PEB
Q1 26
Q4 25
0.2%
27.9%
Q3 25
0.6%
17.7%
Q2 25
Q1 25
Q4 24
0.2%
38.1%
Q3 24
0.7%
24.9%
Q2 24
Cash Conversion
DLO
DLO
PEB
PEB
Q1 26
Q4 25
1.80×
Q3 25
2.23×
Q2 25
5.01×
Q1 25
Q4 24
-4.75×
Q3 24
1.19×
1.74×
Q2 24
2.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

PEB
PEB

Room$214.5M62%
Food and beverage$91.1M26%
Other$40.0M12%

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