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Side-by-side financial comparison of dLocal Ltd (DLO) and ROGERS CORP (ROG). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $200.5M, roughly 1.7× ROGERS CORP). dLocal Ltd runs the higher net margin — 16.5% vs 2.2%, a 14.2% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 5.2%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $1.1M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
DLO vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $200.5M |
| Net Profit | $55.6M | $4.5M |
| Gross Margin | 34.3% | 32.2% |
| Operating Margin | 18.6% | — |
| Net Margin | 16.5% | 2.2% |
| Revenue YoY | 65.2% | 5.2% |
| Net Profit YoY | 87.3% | 421.4% |
| EPS (diluted) | $0.18 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $337.9M | $201.5M | ||
| Q3 25 | $282.5M | $216.0M | ||
| Q2 25 | — | $202.8M | ||
| Q1 25 | — | $190.5M | ||
| Q4 24 | $204.5M | $192.2M | ||
| Q3 24 | $185.8M | $210.3M | ||
| Q2 24 | — | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $55.6M | $4.6M | ||
| Q3 25 | $141.3M | $8.6M | ||
| Q2 25 | — | $-73.6M | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | $29.7M | $-500.0K | ||
| Q3 24 | $90.8M | $10.7M | ||
| Q2 24 | — | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 34.3% | 31.5% | ||
| Q3 25 | 36.5% | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | 40.9% | 32.1% | ||
| Q3 24 | 42.1% | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 3.5% | ||
| Q3 25 | 19.7% | 7.3% | ||
| Q2 25 | — | -33.3% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | 20.7% | -6.6% | ||
| Q3 24 | 22.1% | 6.9% | ||
| Q2 24 | — | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 16.5% | 2.3% | ||
| Q3 25 | 50.0% | 4.0% | ||
| Q2 25 | — | -36.3% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | 14.5% | -0.3% | ||
| Q3 24 | 48.9% | 5.1% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.18 | $0.20 | ||
| Q3 25 | $0.17 | $0.48 | ||
| Q2 25 | — | $-4.00 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | $0.09 | $-0.04 | ||
| Q3 24 | $0.09 | $0.58 | ||
| Q2 24 | — | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $1.2B |
| Total Assets | $1.5B | $1.4B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $719.9M | $197.0M | ||
| Q3 25 | $604.5M | $167.8M | ||
| Q2 25 | — | $157.2M | ||
| Q1 25 | — | $175.6M | ||
| Q4 24 | $425.2M | $159.8M | ||
| Q3 24 | $560.5M | $146.4M | ||
| Q2 24 | — | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $569.4M | $1.2B | ||
| Q3 25 | $504.7M | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $489.0M | $1.3B | ||
| Q3 24 | $457.0M | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $5.8M |
| Free Cash FlowOCF − Capex | $99.8M | $1.1M |
| FCF MarginFCF / Revenue | 29.5% | 0.5% |
| Capex IntensityCapex / Revenue | 0.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.80× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $100.4M | $46.9M | ||
| Q3 25 | $315.0M | $28.9M | ||
| Q2 25 | — | $13.7M | ||
| Q1 25 | — | $11.7M | ||
| Q4 24 | $-141.1M | $33.7M | ||
| Q3 24 | $108.3M | $42.4M | ||
| Q2 24 | — | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $99.8M | $42.2M | ||
| Q3 25 | $313.4M | $21.2M | ||
| Q2 25 | — | $5.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | $-141.6M | $18.3M | ||
| Q3 24 | $107.1M | $25.2M | ||
| Q2 24 | — | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 29.5% | 20.9% | ||
| Q3 25 | 110.9% | 9.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | -69.2% | 9.5% | ||
| Q3 24 | 57.6% | 12.0% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 0.2% | 2.3% | ||
| Q3 25 | 0.6% | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 0.2% | 8.0% | ||
| Q3 24 | 0.7% | 8.2% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 1.80× | 10.20× | ||
| Q3 25 | 2.23× | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
