COMPARE · Data as of August 21, 2026
DLO vs FOUR
Verdict: Side-by-side breakdown using the Bull Rankings model. DLO scored 88.6, FOUR scored 68.4 — DLO leads.
Compare another set
Different reporting periods. FOUR'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.
DLO
DLocal Limited
88.6
$15.17 · $4.5B
fundamentals as of
Score gap
20.2
DLO leads
FOUR
Shift4 Payments, Inc.
68.4
$48.53 · $3.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestDLO22.3x
- Fastest growthDLO+46.6%
- Strongest balance sheetDLO0.12
- Highest qualityDLO85 / 100
- Largest discount to fair valueDLO-59%
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)
DLO
stronger →← stronger
FOUR
85
Qualityreturns · margins · balance sheet
55
98
Growthrevenue & earnings expansion
94
83
Valuevaluation vs sector peers
62
DLO is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
DLO
FOUR
$413mC
FCF
$433mC
+46.6%A
Rev
+32.4%A
0.12B+
D/E
2.62D
22.3xB+
P/E
75.8xC
0.67A-
PEG
0.40A
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
DLO
FOUR
59% below
Price vs fair valuelower is cheaper
45% below
~-7%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-3%/yr
+83%
1-yr DCF upside
+47%
+142%
5-yr DCF upside
+82%
+265%
10-yr DCF upside
+144%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
DLO
Why this score
- Durable high returns
- Diluting shareholders
FOUR
Why this score
- Buying back stock
The companies
DLODLocal Limited
Why now
Software - Infrastructure · market cap $4.5b. 10% 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 +21% 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.
FOURShift4 Payments, Inc.
Why now
Software - Infrastructure · market cap $3.8b. Down 48% from 52-week high of $92.47 — deep drawdown territory. Revenue growing +32% — in hypergrowth territory. PEG 0.40 — paying under fair value for the growth rate. 20 sell-side analysts rate this a Buy with a mean 1-yr target of $53.70 (implying +11% upside).
Moat
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. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
D/E 2.62 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Trailing P/E 75.8x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Down 48% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
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 DLO and FOUR diverge
On the headline score the gap is 20.2 points in favor of DLO. The widest single difference is Quality, where DLO leads by 30.3 points.
- QualityDLO 84.9 · FOUR 54.6DLO +30.3
- ValueDLO 83.1 · FOUR 62.0DLO +21.1
- GrowthDLO 98.4 · FOUR 94.4DLO +4.0
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.