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Side-by-side financial comparison of dLocal Ltd (DLO) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $253.4M, roughly 1.3× Palomar Holdings, Inc.). On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 62.7%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $99.8M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
DLO vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $253.4M |
| Net Profit | $55.6M | — |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 28.7% |
| Net Margin | 16.5% | — |
| Revenue YoY | 65.2% | 62.7% |
| Net Profit YoY | 87.3% | — |
| EPS (diluted) | $0.18 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $282.5M | $244.7M | ||
| Q2 25 | — | $203.3M | ||
| Q1 25 | — | $174.6M | ||
| Q4 24 | $204.5M | $155.8M | ||
| Q3 24 | $185.8M | $148.5M | ||
| Q2 24 | — | $131.1M | ||
| Q1 24 | — | $118.5M |
| Q4 25 | $55.6M | — | ||
| Q3 25 | $141.3M | $51.5M | ||
| Q2 25 | — | $46.5M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $29.7M | — | ||
| Q3 24 | $90.8M | $30.5M | ||
| Q2 24 | — | $25.7M | ||
| Q1 24 | — | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 19.7% | 27.4% | ||
| Q2 25 | — | 29.5% | ||
| Q1 25 | — | 30.8% | ||
| Q4 24 | 20.7% | 28.9% | ||
| Q3 24 | 22.1% | 25.9% | ||
| Q2 24 | — | 25.5% | ||
| Q1 24 | — | 29.0% |
| Q4 25 | 16.5% | — | ||
| Q3 25 | 50.0% | 21.0% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 48.9% | 20.5% | ||
| Q2 24 | — | 19.6% | ||
| Q1 24 | — | 22.3% |
| Q4 25 | $0.18 | $2.05 | ||
| Q3 25 | $0.17 | $1.87 | ||
| Q2 25 | — | $1.68 | ||
| Q1 25 | — | $1.57 | ||
| Q4 24 | $0.09 | $1.29 | ||
| Q3 24 | $0.09 | $1.15 | ||
| Q2 24 | — | $1.00 | ||
| Q1 24 | — | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $942.7M |
| Total Assets | $1.5B | $3.1B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $106.9M | ||
| Q3 25 | $604.5M | $111.7M | ||
| Q2 25 | — | $81.3M | ||
| Q1 25 | — | $119.3M | ||
| Q4 24 | $425.2M | $80.4M | ||
| Q3 24 | $560.5M | $86.5M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $61.4M |
| 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 | $942.7M | ||
| Q3 25 | $504.7M | $878.1M | ||
| Q2 25 | — | $847.2M | ||
| Q1 25 | — | $790.4M | ||
| Q4 24 | $489.0M | $729.0M | ||
| Q3 24 | $457.0M | $703.3M | ||
| Q2 24 | — | $532.6M | ||
| Q1 24 | — | $501.7M |
| Q4 25 | $1.5B | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $99.8M | $409.0M |
| FCF MarginFCF / Revenue | 29.5% | 161.4% |
| Capex IntensityCapex / Revenue | 0.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $409.1M | ||
| Q3 25 | $315.0M | $83.6M | ||
| Q2 25 | — | $120.9M | ||
| Q1 25 | — | $87.2M | ||
| Q4 24 | $-141.1M | $261.2M | ||
| Q3 24 | $108.3M | $100.3M | ||
| Q2 24 | — | $55.1M | ||
| Q1 24 | — | $33.1M |
| Q4 25 | $99.8M | $409.0M | ||
| Q3 25 | $313.4M | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | $-141.6M | $260.9M | ||
| Q3 24 | $107.1M | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 29.5% | 161.4% | ||
| Q3 25 | 110.9% | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | -69.2% | 167.5% | ||
| Q3 24 | 57.6% | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
