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Side-by-side financial comparison of dLocal Ltd (DLO) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.
Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $337.9M, roughly 1.0× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs 0.7%, a 15.8% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -3.1%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $16.5M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.
DLO vs UTZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $341.0M |
| Net Profit | $55.6M | $2.3M |
| Gross Margin | 34.3% | 25.5% |
| Operating Margin | 18.6% | 2.1% |
| Net Margin | 16.5% | 0.7% |
| Revenue YoY | 65.2% | -3.1% |
| Net Profit YoY | 87.3% | 108.3% |
| EPS (diluted) | $0.18 | $0.04 |
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 | — | ||
| Q3 25 | $282.5M | — | ||
| Q4 24 | $204.5M | $341.0M | ||
| Q3 24 | $185.8M | $365.5M | ||
| Q2 24 | — | $356.2M | ||
| Q1 24 | — | $346.5M | ||
| Q4 23 | — | $371.9M | ||
| Q3 23 | — | $362.9M |
| Q4 25 | $55.6M | — | ||
| Q3 25 | $141.3M | — | ||
| Q4 24 | $29.7M | $2.3M | ||
| Q3 24 | $90.8M | $-2.2M | ||
| Q2 24 | — | $19.8M | ||
| Q1 24 | — | $-4.0M | ||
| Q4 23 | — | $16.0M | ||
| Q3 23 | — | $-4.1M |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q4 24 | 40.9% | 25.5% | ||
| Q3 24 | 42.1% | 26.9% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 25.5% | ||
| Q4 23 | — | 32.1% | ||
| Q3 23 | — | 32.4% |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 19.7% | — | ||
| Q4 24 | 20.7% | 2.1% | ||
| Q3 24 | 22.1% | 5.3% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | — | 2.8% | ||
| Q4 23 | — | 1.4% | ||
| Q3 23 | — | 0.7% |
| Q4 25 | 16.5% | — | ||
| Q3 25 | 50.0% | — | ||
| Q4 24 | 14.5% | 0.7% | ||
| Q3 24 | 48.9% | -0.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | -1.2% | ||
| Q4 23 | — | 4.3% | ||
| Q3 23 | — | -1.1% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.17 | — | ||
| Q4 24 | $0.09 | $0.04 | ||
| Q3 24 | $0.09 | $-0.03 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $-0.05 | ||
| Q4 23 | — | $0.19 | ||
| Q3 23 | — | $-0.05 |
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 | $56.1M |
| Total DebtLower is stronger | $86.7M | $768.6M |
| Stockholders' EquityBook value | $569.4M | $696.9M |
| Total Assets | $1.5B | $2.7B |
| Debt / EquityLower = less leverage | 0.15× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | — | ||
| Q3 25 | $604.5M | — | ||
| Q4 24 | $425.2M | $56.1M | ||
| Q3 24 | $560.5M | $64.9M | ||
| Q2 24 | — | $66.6M | ||
| Q1 24 | — | $47.0M | ||
| Q4 23 | — | $60.1M | ||
| Q3 23 | — | $73.7M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q4 24 | $39.8M | $768.6M | ||
| Q3 24 | — | $780.8M | ||
| Q2 24 | — | $797.6M | ||
| Q1 24 | — | $756.9M | ||
| Q4 23 | — | $915.8M | ||
| Q3 23 | — | $967.0M |
| Q4 25 | $569.4M | — | ||
| Q3 25 | $504.7M | — | ||
| Q4 24 | $489.0M | $696.9M | ||
| Q3 24 | $457.0M | $685.7M | ||
| Q2 24 | — | $686.0M | ||
| Q1 24 | — | $671.1M | ||
| Q4 23 | — | $705.9M | ||
| Q3 23 | — | $688.5M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | — | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B | ||
| Q4 23 | — | $2.8B | ||
| Q3 23 | — | $2.8B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q4 24 | 0.08× | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.13× | ||
| Q4 23 | — | 1.30× | ||
| Q3 23 | — | 1.40× |
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 | $54.2M |
| Free Cash FlowOCF − Capex | $99.8M | $16.5M |
| FCF MarginFCF / Revenue | 29.5% | 4.8% |
| Capex IntensityCapex / Revenue | 0.2% | 11.1% |
| Cash ConversionOCF / Net Profit | 1.80× | 23.67× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $7.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | — | ||
| Q3 25 | $315.0M | — | ||
| Q4 24 | $-141.1M | $54.2M | ||
| Q3 24 | $108.3M | $52.2M | ||
| Q2 24 | — | $8.9M | ||
| Q1 24 | — | $-9.1M | ||
| Q4 23 | — | $53.4M | ||
| Q3 23 | — | $4.1M |
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | — | ||
| Q4 24 | $-141.6M | $16.5M | ||
| Q3 24 | $107.1M | $29.1M | ||
| Q2 24 | — | $-15.3M | ||
| Q1 24 | — | $-22.7M | ||
| Q4 23 | — | $37.9M | ||
| Q3 23 | — | $-12.1M |
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | — | ||
| Q4 24 | -69.2% | 4.8% | ||
| Q3 24 | 57.6% | 8.0% | ||
| Q2 24 | — | -4.3% | ||
| Q1 24 | — | -6.5% | ||
| Q4 23 | — | 10.2% | ||
| Q3 23 | — | -3.3% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q4 24 | 0.2% | 11.1% | ||
| Q3 24 | 0.7% | 6.3% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 3.9% | ||
| Q4 23 | — | 4.2% | ||
| Q3 23 | — | 4.5% |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q4 24 | -4.75× | 23.67× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 3.34× | ||
| Q3 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
