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Side-by-side financial comparison of dLocal Ltd (DLO) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $196.3M, roughly 1.7× TOOTSIE ROLL INDUSTRIES INC). dLocal Ltd runs the higher net margin — 16.5% vs 14.7%, a 1.8% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 1.5%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $61.0M).

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

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

DLO vs TR — Head-to-Head

Bigger by revenue
DLO
DLO
1.7× larger
DLO
$337.9M
$196.3M
TR
Growing faster (revenue YoY)
DLO
DLO
+63.7% gap
DLO
65.2%
1.5%
TR
Higher net margin
DLO
DLO
1.8% more per $
DLO
16.5%
14.7%
TR
More free cash flow
DLO
DLO
$38.8M more FCF
DLO
$99.8M
$61.0M
TR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DLO
DLO
TR
TR
Revenue
$337.9M
$196.3M
Net Profit
$55.6M
$28.8M
Gross Margin
34.3%
35.7%
Operating Margin
18.6%
17.0%
Net Margin
16.5%
14.7%
Revenue YoY
65.2%
1.5%
Net Profit YoY
87.3%
27.9%
EPS (diluted)
$0.18

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
TR
TR
Q4 25
$337.9M
$196.3M
Q3 25
$282.5M
$232.7M
Q2 25
$155.1M
Q1 25
$148.5M
Q4 24
$204.5M
$193.4M
Q3 24
$185.8M
$225.9M
Q2 24
$150.7M
Q1 24
$153.2M
Net Profit
DLO
DLO
TR
TR
Q4 25
$55.6M
$28.8M
Q3 25
$141.3M
$35.7M
Q2 25
$17.5M
Q1 25
$18.1M
Q4 24
$29.7M
$22.5M
Q3 24
$90.8M
$32.8M
Q2 24
$15.6M
Q1 24
$15.8M
Gross Margin
DLO
DLO
TR
TR
Q4 25
34.3%
35.7%
Q3 25
36.5%
34.1%
Q2 25
36.4%
Q1 25
35.3%
Q4 24
40.9%
39.1%
Q3 24
42.1%
34.1%
Q2 24
33.5%
Q1 24
32.7%
Operating Margin
DLO
DLO
TR
TR
Q4 25
18.6%
17.0%
Q3 25
19.7%
13.9%
Q2 25
7.8%
Q1 25
15.5%
Q4 24
20.7%
20.0%
Q3 24
22.1%
15.6%
Q2 24
10.2%
Q1 24
7.3%
Net Margin
DLO
DLO
TR
TR
Q4 25
16.5%
14.7%
Q3 25
50.0%
15.3%
Q2 25
11.3%
Q1 25
12.2%
Q4 24
14.5%
11.6%
Q3 24
48.9%
14.5%
Q2 24
10.4%
Q1 24
10.3%
EPS (diluted)
DLO
DLO
TR
TR
Q4 25
$0.18
Q3 25
$0.17
Q2 25
Q1 25
Q4 24
$0.09
Q3 24
$0.09
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
DLO
DLO
TR
TR
Cash + ST InvestmentsLiquidity on hand
$719.9M
$176.6M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$941.0M
Total Assets
$1.5B
$1.3B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
TR
TR
Q4 25
$719.9M
$176.6M
Q3 25
$604.5M
$119.8M
Q2 25
$170.5M
Q1 25
$176.6M
Q4 24
$425.2M
$194.6M
Q3 24
$560.5M
$163.2M
Q2 24
$131.2M
Q1 24
$159.4M
Total Debt
DLO
DLO
TR
TR
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
TR
TR
Q4 25
$569.4M
$941.0M
Q3 25
$504.7M
$918.9M
Q2 25
$893.1M
Q1 25
$879.4M
Q4 24
$489.0M
$870.7M
Q3 24
$457.0M
$870.2M
Q2 24
$841.4M
Q1 24
$834.4M
Total Assets
DLO
DLO
TR
TR
Q4 25
$1.5B
$1.3B
Q3 25
$1.4B
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.2B
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Debt / Equity
DLO
DLO
TR
TR
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
TR
TR
Operating Cash FlowLast quarter
$100.4M
$73.3M
Free Cash FlowOCF − Capex
$99.8M
$61.0M
FCF MarginFCF / Revenue
29.5%
31.1%
Capex IntensityCapex / Revenue
0.2%
6.3%
Cash ConversionOCF / Net Profit
1.80×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$378.7M
$96.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLO
DLO
TR
TR
Q4 25
$100.4M
$73.3M
Q3 25
$315.0M
$62.2M
Q2 25
$-8.5M
Q1 25
$3.6M
Q4 24
$-141.1M
$68.8M
Q3 24
$108.3M
$61.3M
Q2 24
$-12.6M
Q1 24
$21.4M
Free Cash Flow
DLO
DLO
TR
TR
Q4 25
$99.8M
$61.0M
Q3 25
$313.4M
$50.7M
Q2 25
$-16.0M
Q1 25
$750.0K
Q4 24
$-141.6M
$64.7M
Q3 24
$107.1M
$55.8M
Q2 24
$-16.6M
Q1 24
$16.9M
FCF Margin
DLO
DLO
TR
TR
Q4 25
29.5%
31.1%
Q3 25
110.9%
21.8%
Q2 25
-10.3%
Q1 25
0.5%
Q4 24
-69.2%
33.5%
Q3 24
57.6%
24.7%
Q2 24
-11.0%
Q1 24
11.0%
Capex Intensity
DLO
DLO
TR
TR
Q4 25
0.2%
6.3%
Q3 25
0.6%
5.0%
Q2 25
4.8%
Q1 25
1.9%
Q4 24
0.2%
2.1%
Q3 24
0.7%
2.4%
Q2 24
2.6%
Q1 24
2.9%
Cash Conversion
DLO
DLO
TR
TR
Q4 25
1.80×
2.55×
Q3 25
2.23×
1.74×
Q2 25
-0.49×
Q1 25
0.20×
Q4 24
-4.75×
3.06×
Q3 24
1.19×
1.87×
Q2 24
-0.81×
Q1 24
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

TR
TR

Products$194.3M99%
Rental And Royalty$1.9M1%

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