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Side-by-side financial comparison of dLocal Ltd (DLO) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $337.9M, roughly 1.0× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs -6.6%, a 23.1% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 48.3%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $27.8M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
DLO vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $339.5M |
| Net Profit | $55.6M | $-22.6M |
| Gross Margin | 34.3% | 11.5% |
| Operating Margin | 18.6% | -2.6% |
| Net Margin | 16.5% | -6.6% |
| Revenue YoY | 65.2% | 48.3% |
| Net Profit YoY | 87.3% | 8.3% |
| EPS (diluted) | $0.18 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $282.5M | $354.8M | ||
| Q2 25 | — | $280.9M | ||
| Q1 25 | — | $213.8M | ||
| Q4 24 | $204.5M | $229.0M | ||
| Q3 24 | $185.8M | $220.9M | ||
| Q2 24 | — | $208.4M | ||
| Q1 24 | — | $192.5M |
| Q4 25 | $55.6M | $-22.6M | ||
| Q3 25 | $141.3M | $-19.1M | ||
| Q2 25 | — | $-21.6M | ||
| Q1 25 | — | $-27.2M | ||
| Q4 24 | $29.7M | $-24.6M | ||
| Q3 24 | $90.8M | $-14.3M | ||
| Q2 24 | — | $-17.8M | ||
| Q1 24 | — | $-23.7M |
| Q4 25 | 34.3% | 11.5% | ||
| Q3 25 | 36.5% | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | 40.9% | 16.6% | ||
| Q3 24 | 42.1% | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 18.6% | -2.6% | ||
| Q3 25 | 19.7% | -2.4% | ||
| Q2 25 | — | -5.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 20.7% | -4.3% | ||
| Q3 24 | 22.1% | -5.8% | ||
| Q2 24 | — | -7.9% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | 16.5% | -6.6% | ||
| Q3 25 | 50.0% | -5.4% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -12.7% | ||
| Q4 24 | 14.5% | -10.7% | ||
| Q3 24 | 48.9% | -6.5% | ||
| Q2 24 | — | -8.5% | ||
| Q1 24 | — | -12.3% |
| Q4 25 | $0.18 | $-0.22 | ||
| Q3 25 | $0.17 | $-0.20 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | $0.09 | $-0.26 | ||
| Q3 24 | $0.09 | $-0.16 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | — | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | $86.7M | $444.1M |
| Stockholders' EquityBook value | $569.4M | $-1.9M |
| Total Assets | $1.5B | $1.2B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $49.9M | ||
| Q3 25 | $604.5M | $34.0M | ||
| Q2 25 | — | $44.0M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | $425.2M | $26.2M | ||
| Q3 24 | $560.5M | $22.4M | ||
| Q2 24 | — | $24.3M | ||
| Q1 24 | — | $12.6M |
| Q4 25 | $86.7M | $444.1M | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $569.4M | $-1.9M | ||
| Q3 25 | $504.7M | $11.4M | ||
| Q2 25 | — | $18.2M | ||
| Q1 25 | — | $71.4M | ||
| Q4 24 | $489.0M | $97.5M | ||
| Q3 24 | $457.0M | $110.3M | ||
| Q2 24 | — | $81.5M | ||
| Q1 24 | — | $91.7M |
| Q4 25 | $1.5B | $1.2B | ||
| 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 | — | $983.3M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | 4.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $100.4M | $36.7M |
| Free Cash FlowOCF − Capex | $99.8M | $27.8M |
| FCF MarginFCF / Revenue | 29.5% | 8.2% |
| Capex IntensityCapex / Revenue | 0.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $36.7M | ||
| Q3 25 | $315.0M | $-26.6M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-22.1M | ||
| Q4 24 | $-141.1M | $2.8M | ||
| Q3 24 | $108.3M | $-332.0K | ||
| Q2 24 | — | $-23.7M | ||
| Q1 24 | — | $8.0M |
| Q4 25 | $99.8M | $27.8M | ||
| Q3 25 | $313.4M | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | $-141.6M | $-15.4M | ||
| Q3 24 | $107.1M | $-36.7M | ||
| Q2 24 | — | $-59.9M | ||
| Q1 24 | — | $-60.9M |
| Q4 25 | 29.5% | 8.2% | ||
| Q3 25 | 110.9% | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | -69.2% | -6.7% | ||
| Q3 24 | 57.6% | -16.6% | ||
| Q2 24 | — | -28.7% | ||
| Q1 24 | — | -31.7% |
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | 0.6% | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | 0.2% | 7.9% | ||
| Q3 24 | 0.7% | 16.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -4.75× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
