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Side-by-side financial comparison of dLocal Ltd (DLO) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $220.8M, roughly 1.5× UNIVERSAL TECHNICAL INSTITUTE INC). dLocal Ltd runs the higher net margin — 16.5% vs 5.8%, a 10.7% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 9.6%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $-19.2M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
DLO vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $220.8M |
| Net Profit | $55.6M | $12.8M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 7.1% |
| Net Margin | 16.5% | 5.8% |
| Revenue YoY | 65.2% | 9.6% |
| Net Profit YoY | 87.3% | -42.1% |
| EPS (diluted) | $0.18 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $282.5M | $222.4M | ||
| Q2 25 | — | $204.3M | ||
| Q1 25 | — | $207.4M | ||
| Q4 24 | $204.5M | $201.4M | ||
| Q3 24 | $185.8M | $196.4M | ||
| Q2 24 | — | $177.5M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $55.6M | $12.8M | ||
| Q3 25 | $141.3M | $18.8M | ||
| Q2 25 | — | $10.7M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | $29.7M | $22.2M | ||
| Q3 24 | $90.8M | $18.8M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $7.8M |
| 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% | 7.1% | ||
| Q3 25 | 19.7% | 11.2% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | 20.7% | 13.6% | ||
| Q3 24 | 22.1% | 13.3% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | 16.5% | 5.8% | ||
| Q3 25 | 50.0% | 8.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | 14.5% | 11.0% | ||
| Q3 24 | 48.9% | 9.6% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | $0.18 | $0.23 | ||
| Q3 25 | $0.17 | $0.33 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | $0.09 | $0.40 | ||
| Q3 24 | $0.09 | $0.35 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.14 |
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 | $162.8M |
| Total DebtLower is stronger | $86.7M | $101.4M |
| Stockholders' EquityBook value | $569.4M | $335.9M |
| Total Assets | $1.5B | $834.0M |
| Debt / EquityLower = less leverage | 0.15× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $162.8M | ||
| Q3 25 | $604.5M | $169.1M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | — | $96.0M | ||
| Q4 24 | $425.2M | $172.0M | ||
| Q3 24 | $560.5M | $161.9M | ||
| Q2 24 | — | $115.5M | ||
| Q1 24 | — | $116.1M |
| Q4 25 | $86.7M | $101.4M | ||
| Q3 25 | $63.1M | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | $39.8M | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $569.4M | $335.9M | ||
| Q3 25 | $504.7M | $328.1M | ||
| Q2 25 | — | $306.8M | ||
| Q1 25 | — | $293.9M | ||
| Q4 24 | $489.0M | $280.0M | ||
| Q3 24 | $457.0M | $260.2M | ||
| Q2 24 | — | $239.4M | ||
| Q1 24 | — | $232.6M |
| Q4 25 | $1.5B | $834.0M | ||
| Q3 25 | $1.4B | $826.1M | ||
| Q2 25 | — | $740.8M | ||
| Q1 25 | — | $720.4M | ||
| Q4 24 | $1.2B | $753.8M | ||
| Q3 24 | — | $744.6M | ||
| Q2 24 | — | $706.0M | ||
| Q1 24 | — | $702.1M |
| Q4 25 | 0.15× | 0.30× | ||
| Q3 25 | 0.12× | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.08× | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $99.8M | $-19.2M |
| FCF MarginFCF / Revenue | 29.5% | -8.7% |
| Capex IntensityCapex / Revenue | 0.2% | 10.1% |
| Cash ConversionOCF / Net Profit | 1.80× | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $3.1M | ||
| Q3 25 | $315.0M | $57.1M | ||
| Q2 25 | — | $18.1M | ||
| Q1 25 | — | $-789.0K | ||
| Q4 24 | $-141.1M | $23.0M | ||
| Q3 24 | $108.3M | $67.5M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-2.5M |
| Q4 25 | $99.8M | $-19.2M | ||
| Q3 25 | $313.4M | $40.6M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $-11.7M | ||
| Q4 24 | $-141.6M | $19.6M | ||
| Q3 24 | $107.1M | $60.0M | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $-8.4M |
| Q4 25 | 29.5% | -8.7% | ||
| Q3 25 | 110.9% | 18.3% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | -69.2% | 9.7% | ||
| Q3 24 | 57.6% | 30.6% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | -4.6% |
| Q4 25 | 0.2% | 10.1% | ||
| Q3 25 | 0.6% | 7.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | 0.2% | 1.7% | ||
| Q3 24 | 0.7% | 3.8% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 1.80× | 0.24× | ||
| Q3 25 | 2.23× | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | -4.75× | 1.04× | ||
| Q3 24 | 1.19× | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | — | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
