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Side-by-side financial comparison of DELUXE CORP (DLX) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $282.9M, roughly 1.9× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs 2.2%, a 12.6% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 2.8%). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
DLX vs DUOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $282.9M |
| Net Profit | $12.0M | $42.0M |
| Gross Margin | 52.2% | 72.8% |
| Operating Margin | 8.9% | 15.4% |
| Net Margin | 2.2% | 14.8% |
| Revenue YoY | 2.8% | 35.0% |
| Net Profit YoY | -5.0% | 201.7% |
| EPS (diluted) | $0.25 | $0.99 |
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 | $535.2M | $282.9M | ||
| Q3 25 | $540.2M | $271.7M | ||
| Q2 25 | $521.3M | $252.3M | ||
| Q1 25 | $536.5M | $230.7M | ||
| Q4 24 | $520.6M | $209.6M | ||
| Q3 24 | $528.4M | $192.6M | ||
| Q2 24 | $537.8M | $178.3M | ||
| Q1 24 | $535.0M | $167.6M |
| Q4 25 | $12.0M | $42.0M | ||
| Q3 25 | $33.7M | $292.2M | ||
| Q2 25 | $22.4M | $44.8M | ||
| Q1 25 | $14.0M | $35.1M | ||
| Q4 24 | $12.6M | $13.9M | ||
| Q3 24 | $8.9M | $23.4M | ||
| Q2 24 | $20.5M | $24.4M | ||
| Q1 24 | $10.8M | $27.0M |
| Q4 25 | 52.2% | 72.8% | ||
| Q3 25 | 53.9% | 72.5% | ||
| Q2 25 | 53.6% | 72.4% | ||
| Q1 25 | 52.4% | 71.1% | ||
| Q4 24 | 52.3% | 71.9% | ||
| Q3 24 | 53.3% | 72.9% | ||
| Q2 24 | 53.7% | 73.4% | ||
| Q1 24 | 53.0% | 73.0% |
| Q4 25 | 8.9% | 15.4% | ||
| Q3 25 | 14.0% | 12.9% | ||
| Q2 25 | 11.7% | 13.2% | ||
| Q1 25 | 9.0% | 10.2% | ||
| Q4 24 | 9.0% | 6.6% | ||
| Q3 24 | 7.9% | 7.0% | ||
| Q2 24 | 11.0% | 10.5% | ||
| Q1 24 | 8.3% | 9.8% |
| Q4 25 | 2.2% | 14.8% | ||
| Q3 25 | 6.2% | 107.5% | ||
| Q2 25 | 4.3% | 17.8% | ||
| Q1 25 | 2.6% | 15.2% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 1.7% | 12.1% | ||
| Q2 24 | 3.8% | 13.7% | ||
| Q1 24 | 2.0% | 16.1% |
| Q4 25 | $0.25 | $0.99 | ||
| Q3 25 | $0.74 | $5.95 | ||
| Q2 25 | $0.50 | $0.91 | ||
| Q1 25 | $0.31 | $0.72 | ||
| Q4 24 | $0.28 | $0.31 | ||
| Q3 24 | $0.20 | $0.49 | ||
| Q2 24 | $0.46 | $0.51 | ||
| Q1 24 | $0.24 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $1.3B |
| Total Assets | $2.9B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $1.0B | ||
| Q3 25 | $25.8M | $1.0B | ||
| Q2 25 | $26.0M | $976.2M | ||
| Q1 25 | $30.3M | $884.0M | ||
| Q4 24 | $34.4M | $785.8M | ||
| Q3 24 | $41.3M | $854.4M | ||
| Q2 24 | $23.1M | $888.2M | ||
| Q1 24 | $23.5M | $829.7M |
| Q4 25 | $680.7M | $1.3B | ||
| Q3 25 | $664.1M | $1.3B | ||
| Q2 25 | $638.7M | $977.0M | ||
| Q1 25 | $622.5M | $893.8M | ||
| Q4 24 | $620.9M | $824.5M | ||
| Q3 24 | $612.7M | $822.5M | ||
| Q2 24 | $620.5M | $766.9M | ||
| Q1 24 | $608.4M | $711.1M |
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.7B | $1.1B |
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 | $102.1M | $107.3M |
| Free Cash FlowOCF − Capex | — | $96.6M |
| FCF MarginFCF / Revenue | — | 34.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 8.53× | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $107.3M | ||
| Q3 25 | $67.1M | $84.2M | ||
| Q2 25 | $51.1M | $90.7M | ||
| Q1 25 | $50.3M | $105.6M | ||
| Q4 24 | $60.2M | $83.3M | ||
| Q3 24 | $67.9M | $56.3M | ||
| Q2 24 | $39.6M | $62.4M | ||
| Q1 24 | $26.6M | $83.5M |
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $79.4M | ||
| Q2 25 | $27.8M | $89.5M | ||
| Q1 25 | $24.3M | $104.3M | ||
| Q4 24 | — | $81.4M | ||
| Q3 24 | $46.7M | $53.1M | ||
| Q2 24 | $11.4M | $56.8M | ||
| Q1 24 | $6.1M | $82.1M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | 5.3% | 35.5% | ||
| Q1 25 | 4.5% | 45.2% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | 8.8% | 27.6% | ||
| Q2 24 | 2.1% | 31.9% | ||
| Q1 24 | 1.1% | 49.0% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 4.5% | 0.5% | ||
| Q1 25 | 4.8% | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 5.2% | 3.1% | ||
| Q1 24 | 3.8% | 0.8% |
| Q4 25 | 8.53× | 2.56× | ||
| Q3 25 | 1.99× | 0.29× | ||
| Q2 25 | 2.28× | 2.02× | ||
| Q1 25 | 3.59× | 3.01× | ||
| Q4 24 | 4.77× | 5.99× | ||
| Q3 24 | 7.60× | 2.41× | ||
| Q2 24 | 1.94× | 2.56× | ||
| Q1 24 | 2.46× | 3.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
