COMPARE · Data as of August 21, 2026
CPAY vs DLO
Verdict: Side-by-side breakdown using the Bull Rankings model. CPAY scored 78.8, DLO scored 88.6 — DLO leads.
Compare another set
Different reporting periods. CPAY's fundamentals are as of June 2026, but DLO's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
CPAY
Corpay, Inc.
78.8
$412.00 · $27.1B
fundamentals as of
Score gap
9.8
DLO leads
DLO
DLocal Limited
88.6
$14.34 · $4.2B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestDLO21.1x
- Fastest growthDLO+46.6%
- Strongest balance sheetDLO0.12
- Highest qualityCPAY88 / 100
- Largest discount to fair valueDLO-61%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
CPAY
stronger →← stronger
DLO
88
Qualityreturns · margins · balance sheet
85
92
Growthrevenue & earnings expansion
98
60
Valuevaluation vs sector peers
83
DLO is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
CPAY
DLO
$1.6bC+
FCF
$413mC
+20.4%A-
Rev
+46.6%A
2.75D
D/E
0.12B+
25.0xB+
P/E
21.1xB+
0.93B+
PEG
0.67A-
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
CPAY
DLO
21% below
Price vs fair valuelower is cheaper
61% below
~3%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-8%/yr
+10%
1-yr DCF upside
+94%
+27%
5-yr DCF upside
+156%
+57%
10-yr DCF upside
+286%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
CPAY
Why this score
- Buying back stock
- Durable high returns
DLO
Why this score
- Durable high returns
- Diluting shareholders
The companies
CPAYCorpay, Inc.
Why now
Software - Infrastructure · market cap $27.1b. 3% off the 52-week high of $425.95. Revenue growing +20%, comfortably above the S&P median. PEG 0.93 — paying under fair value for the growth rate. 14 sell-side analysts rate this a Buy with a mean 1-yr target of $450.64 (implying +9% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 32% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 144% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
D/E 2.75 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
DLODLocal Limited
Why now
Software - Infrastructure · market cap $4.2b. 15% off the 52-week high of $16.78. Revenue growing +47% — in hypergrowth territory. PEG 0.67 — paying under fair value for the growth rate. 10 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $18.40 (implying +28% upside).
Moat
Net margin 18% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 35% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Verdict — model-derived comparison
DLO leads CPAY by 9.8 points (88.6 to 78.8), its sharpest advantage coming in D/E (grade B+). A contrarian could still prefer CPAY, which trades about 20% below our DCF fair value — a margin of safety the score doesn't reward.
Our AI analyst is busy right now, so this verdict is drawn directly from the pillars, grades and DCF above.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where CPAY and DLO diverge
On the headline score the gap is 9.8 points in favor of DLO. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueCPAY 60.4 · DLO 83.1DLO +22.7
- GrowthCPAY 91.9 · DLO 98.4DLO +6.5
- QualityCPAY 88.3 · DLO 84.9CPAY +3.4
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.