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Side-by-side financial comparison of dLocal Ltd (DLO) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $337.9M, roughly 1.1× dLocal Ltd). dLocal Ltd runs the higher net margin — 16.5% vs 1.5%, a 15.0% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -12.5%). dLocal Ltd produced more free cash flow last quarter ($99.8M vs $23.2M).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Expro is an energy services provider headquartered in Houston, Texas, United States.
DLO vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $382.1M |
| Net Profit | $55.6M | $5.8M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | 3.1% |
| Net Margin | 16.5% | 1.5% |
| Revenue YoY | 65.2% | -12.5% |
| Net Profit YoY | 87.3% | -74.9% |
| EPS (diluted) | $0.18 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $282.5M | $411.4M | ||
| Q2 25 | — | $422.7M | ||
| Q1 25 | — | $390.9M | ||
| Q4 24 | $204.5M | $436.8M | ||
| Q3 24 | $185.8M | $422.8M | ||
| Q2 24 | — | $469.6M | ||
| Q1 24 | — | $383.5M |
| Q4 25 | $55.6M | $5.8M | ||
| Q3 25 | $141.3M | $14.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $29.7M | $23.0M | ||
| Q3 24 | $90.8M | $16.3M | ||
| Q2 24 | — | $15.3M | ||
| Q1 24 | — | $-2.7M |
| 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% | 3.1% | ||
| Q3 25 | 19.7% | 6.4% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 20.7% | 7.3% | ||
| Q3 24 | 22.1% | 6.2% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | 16.5% | 1.5% | ||
| Q3 25 | 50.0% | 3.4% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | 14.5% | 5.3% | ||
| Q3 24 | 48.9% | 3.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | $0.18 | $0.05 | ||
| Q3 25 | $0.17 | $0.12 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | $0.09 | $0.20 | ||
| Q3 24 | $0.09 | $0.14 | ||
| Q2 24 | — | $0.13 | ||
| Q1 24 | — | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | $86.7M | $79.1M |
| Stockholders' EquityBook value | $569.4M | $1.5B |
| Total Assets | $1.5B | $2.3B |
| Debt / EquityLower = less leverage | 0.15× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $719.9M | $196.1M | ||
| Q3 25 | $604.5M | $197.9M | ||
| Q2 25 | — | $206.8M | ||
| Q1 25 | — | $179.3M | ||
| Q4 24 | $425.2M | $183.0M | ||
| Q3 24 | $560.5M | $165.7M | ||
| Q2 24 | — | $133.5M | ||
| Q1 24 | — | $163.2M |
| Q4 25 | $86.7M | $79.1M | ||
| Q3 25 | $63.1M | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $39.8M | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $569.4M | $1.5B | ||
| Q3 25 | $504.7M | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $489.0M | $1.5B | ||
| Q3 24 | $457.0M | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | 0.15× | 0.05× | ||
| Q3 25 | 0.12× | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 0.08× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $99.8M | $23.2M |
| FCF MarginFCF / Revenue | 29.5% | 6.1% |
| Capex IntensityCapex / Revenue | 0.2% | 8.9% |
| Cash ConversionOCF / Net Profit | 1.80× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.4M | $57.1M | ||
| Q3 25 | $315.0M | $63.2M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | — | $41.5M | ||
| Q4 24 | $-141.1M | $97.4M | ||
| Q3 24 | $108.3M | $55.3M | ||
| Q2 24 | — | $-13.2M | ||
| Q1 24 | — | $29.9M |
| Q4 25 | $99.8M | $23.2M | ||
| Q3 25 | $313.4M | $39.0M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | $-141.6M | $53.0M | ||
| Q3 24 | $107.1M | $23.3M | ||
| Q2 24 | — | $-49.5M | ||
| Q1 24 | — | $-801.0K |
| Q4 25 | 29.5% | 6.1% | ||
| Q3 25 | 110.9% | 9.5% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | -69.2% | 12.1% | ||
| Q3 24 | 57.6% | 5.5% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | 0.2% | 8.9% | ||
| Q3 25 | 0.6% | 5.9% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | 0.2% | 10.2% | ||
| Q3 24 | 0.7% | 7.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | 1.80× | 9.89× | ||
| Q3 25 | 2.23× | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | -4.75× | 4.23× | ||
| Q3 24 | 1.19× | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLO
Segment breakdown not available.
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
