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Side-by-side financial comparison of dLocal Ltd (DLO) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $276.5M, roughly 1.2× SL GREEN REALTY CORP). dLocal Ltd runs the higher net margin — 16.5% vs -36.5%, a 52.9% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 12.4%).

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

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

DLO vs SLG — Head-to-Head

Bigger by revenue
DLO
DLO
1.2× larger
DLO
$337.9M
$276.5M
SLG
Growing faster (revenue YoY)
DLO
DLO
+52.8% gap
DLO
65.2%
12.4%
SLG
Higher net margin
DLO
DLO
52.9% more per $
DLO
16.5%
-36.5%
SLG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DLO
DLO
SLG
SLG
Revenue
$337.9M
$276.5M
Net Profit
$55.6M
$-100.8M
Gross Margin
34.3%
Operating Margin
18.6%
64.2%
Net Margin
16.5%
-36.5%
Revenue YoY
65.2%
12.4%
Net Profit YoY
87.3%
-870.0%
EPS (diluted)
$0.18
$-1.49

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
SLG
SLG
Q4 25
$337.9M
$276.5M
Q3 25
$282.5M
$244.8M
Q2 25
$241.9M
Q1 25
$239.8M
Q4 24
$204.5M
$245.9M
Q3 24
$185.8M
$229.7M
Q2 24
$222.8M
Q1 24
$187.9M
Net Profit
DLO
DLO
SLG
SLG
Q4 25
$55.6M
$-100.8M
Q3 25
$141.3M
$28.6M
Q2 25
$-7.4M
Q1 25
$-17.3M
Q4 24
$29.7M
$19.1M
Q3 24
$90.8M
$-9.5M
Q2 24
$1.6M
Q1 24
$16.9M
Gross Margin
DLO
DLO
SLG
SLG
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q1 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Q1 24
Operating Margin
DLO
DLO
SLG
SLG
Q4 25
18.6%
64.2%
Q3 25
19.7%
85.5%
Q2 25
53.4%
Q1 25
56.7%
Q4 24
20.7%
59.8%
Q3 24
22.1%
65.1%
Q2 24
79.2%
Q1 24
Net Margin
DLO
DLO
SLG
SLG
Q4 25
16.5%
-36.5%
Q3 25
50.0%
11.7%
Q2 25
-3.0%
Q1 25
-7.2%
Q4 24
14.5%
7.8%
Q3 24
48.9%
-4.2%
Q2 24
0.7%
Q1 24
9.0%
EPS (diluted)
DLO
DLO
SLG
SLG
Q4 25
$0.18
$-1.49
Q3 25
$0.17
$0.34
Q2 25
$-0.16
Q1 25
$-0.30
Q4 24
$0.09
$0.13
Q3 24
$0.09
$-0.21
Q2 24
$-0.04
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
DLO
DLO
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$719.9M
$155.7M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$3.7B
Total Assets
$1.5B
$11.1B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
SLG
SLG
Q4 25
$719.9M
$155.7M
Q3 25
$604.5M
$187.0M
Q2 25
$182.9M
Q1 25
$180.1M
Q4 24
$425.2M
$184.3M
Q3 24
$560.5M
$188.2M
Q2 24
$199.5M
Q1 24
$196.0M
Total Debt
DLO
DLO
SLG
SLG
Q4 25
$86.7M
Q3 25
$63.1M
Q2 25
Q1 25
Q4 24
$39.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DLO
DLO
SLG
SLG
Q4 25
$569.4M
$3.7B
Q3 25
$504.7M
$3.8B
Q2 25
$3.8B
Q1 25
$3.8B
Q4 24
$489.0M
$4.0B
Q3 24
$457.0M
$3.6B
Q2 24
$3.7B
Q1 24
$3.7B
Total Assets
DLO
DLO
SLG
SLG
Q4 25
$1.5B
$11.1B
Q3 25
$1.4B
$11.1B
Q2 25
$11.3B
Q1 25
$11.4B
Q4 24
$1.2B
$10.5B
Q3 24
$10.2B
Q2 24
$9.5B
Q1 24
$9.8B
Debt / Equity
DLO
DLO
SLG
SLG
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
DLO
DLO
SLG
SLG
Operating Cash FlowLast quarter
$100.4M
$82.9M
Free Cash FlowOCF − Capex
$99.8M
FCF MarginFCF / Revenue
29.5%
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
SLG
SLG
Q4 25
$100.4M
$82.9M
Q3 25
$315.0M
$-6.8M
Q2 25
$54.5M
Q1 25
$6.7M
Q4 24
$-141.1M
$129.6M
Q3 24
$108.3M
$16.7M
Q2 24
$79.4M
Q1 24
$-24.7M
Free Cash Flow
DLO
DLO
SLG
SLG
Q4 25
$99.8M
Q3 25
$313.4M
Q2 25
Q1 25
Q4 24
$-141.6M
Q3 24
$107.1M
Q2 24
Q1 24
FCF Margin
DLO
DLO
SLG
SLG
Q4 25
29.5%
Q3 25
110.9%
Q2 25
Q1 25
Q4 24
-69.2%
Q3 24
57.6%
Q2 24
Q1 24
Capex Intensity
DLO
DLO
SLG
SLG
Q4 25
0.2%
Q3 25
0.6%
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.7%
Q2 24
Q1 24
Cash Conversion
DLO
DLO
SLG
SLG
Q4 25
1.80×
Q3 25
2.23×
-0.24×
Q2 25
Q1 25
Q4 24
-4.75×
6.77×
Q3 24
1.19×
Q2 24
50.33×
Q1 24
-1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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