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Side-by-side financial comparison of dLocal Ltd (DLO) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $334.0M, roughly 1.0× WYNDHAM HOTELS & RESORTS, INC.). dLocal Ltd runs the higher net margin — 16.5% vs -18.0%, a 34.4% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $99.8M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
DLO vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $337.9M | $334.0M |
| Net Profit | $55.6M | $-60.0M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | — |
| Net Margin | 16.5% | -18.0% |
| Revenue YoY | 65.2% | -76.3% |
| Net Profit YoY | 87.3% | -170.6% |
| EPS (diluted) | $0.18 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $337.9M | $334.0M | ||
| Q3 25 | $282.5M | $382.0M | ||
| Q2 25 | — | $397.0M | ||
| Q1 25 | — | $316.0M | ||
| Q4 24 | $204.5M | $336.0M | ||
| Q3 24 | $185.8M | $396.0M | ||
| Q2 24 | — | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $55.6M | $-60.0M | ||
| Q3 25 | $141.3M | $105.0M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $61.0M | ||
| Q4 24 | $29.7M | $85.0M | ||
| Q3 24 | $90.8M | $102.0M | ||
| Q2 24 | — | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | -11.4% | ||
| Q3 25 | 19.7% | 46.6% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | 20.7% | 38.4% | ||
| Q3 24 | 22.1% | 43.2% | ||
| Q2 24 | — | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 16.5% | -18.0% | ||
| Q3 25 | 50.0% | 27.5% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | 14.5% | 25.3% | ||
| Q3 24 | 48.9% | 25.8% | ||
| Q2 24 | — | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.18 | $-0.77 | ||
| Q3 25 | $0.17 | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | $0.09 | $1.06 | ||
| Q3 24 | $0.09 | $1.29 | ||
| Q2 24 | — | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $468.0M |
| Total Assets | $1.5B | $4.2B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $719.9M | $64.0M | ||
| Q3 25 | $604.5M | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | $425.2M | $103.0M | ||
| Q3 24 | $560.5M | $72.0M | ||
| Q2 24 | — | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $2.5B | ||
| Q3 25 | $63.1M | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $39.8M | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $569.4M | $468.0M | ||
| Q3 25 | $504.7M | $583.0M | ||
| Q2 25 | — | $570.0M | ||
| Q1 25 | — | $579.0M | ||
| Q4 24 | $489.0M | $650.0M | ||
| Q3 24 | $457.0M | $583.0M | ||
| Q2 24 | — | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.5B | $4.2B | ||
| Q3 25 | $1.4B | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 5.37× | ||
| Q3 25 | 0.12× | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | 0.08× | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $99.8M | $168.0M |
| FCF MarginFCF / Revenue | 29.5% | 50.3% |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $100.4M | $152.0M | ||
| Q3 25 | $315.0M | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $-141.1M | $134.0M | ||
| Q3 24 | $108.3M | $79.0M | ||
| Q2 24 | — | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $99.8M | $136.0M | ||
| Q3 25 | $313.4M | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | $-141.6M | $109.0M | ||
| Q3 24 | $107.1M | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 29.5% | 40.7% | ||
| Q3 25 | 110.9% | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | -69.2% | 32.4% | ||
| Q3 24 | 57.6% | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 0.2% | 7.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | — | ||
| Q3 25 | 2.23× | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | -4.75× | 1.58× | ||
| Q3 24 | 1.19× | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |