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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

Bigger by revenue
DLO
DLO
1.0× larger
DLO
$337.9M
$334.0M
WH
Growing faster (revenue YoY)
DLO
DLO
+141.5% gap
DLO
65.2%
-76.3%
WH
Higher net margin
DLO
DLO
34.4% more per $
DLO
16.5%
-18.0%
WH
More free cash flow
WH
WH
$68.2M more FCF
WH
$168.0M
$99.8M
DLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DLO
DLO
WH
WH
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.

Revenue
DLO
DLO
WH
WH
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
Net Profit
DLO
DLO
WH
WH
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
Gross Margin
DLO
DLO
WH
WH
Q1 26
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q1 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Operating Margin
DLO
DLO
WH
WH
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%
Net Margin
DLO
DLO
WH
WH
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%
EPS (diluted)
DLO
DLO
WH
WH
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
DLO
DLO
WH
WH
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.

Cash + ST Investments
DLO
DLO
WH
WH
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
Total Debt
DLO
DLO
WH
WH
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
Stockholders' Equity
DLO
DLO
WH
WH
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
Total Assets
DLO
DLO
WH
WH
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
Debt / Equity
DLO
DLO
WH
WH
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
DLO
DLO
WH
WH
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.

Operating Cash Flow
DLO
DLO
WH
WH
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
Free Cash Flow
DLO
DLO
WH
WH
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
FCF Margin
DLO
DLO
WH
WH
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%
Capex Intensity
DLO
DLO
WH
WH
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%
Cash Conversion
DLO
DLO
WH
WH
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
DLO

Segment breakdown not available.

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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