DLocal Limited (DLO) vs Infleqtion, Inc. (INFQ)

DLocal Limited and Infleqtion, Inc. are both Software Infrastructure companies. DLocal Limited is the larger, with a market value of $3.9B against $3.2B — 1.2× the size. Infleqtion, Inc. has negative trailing earnings, so its P/E is not meaningful; DLocal Limited trades at 20.1×. DLocal Limited has the higher net margin (15.0% vs −291.8%) and the higher return on invested capital (0.00% vs −26.0%). Across the 16 metrics below, DLocal Limited leads on 13 and Infleqtion, Inc. on 3.

Valuation

Metric DLO INFQ Software Infrastructure median
P/E 20.11 n/m 28.02
P/S 2.99 87.65 3.07
P/B 7.50 5.58 3.36
Price to free cash flow 10.44 n/m 17.12
EV/EBITDA 12.19 n/m 14.91
EV/Sales 2.39 74.61 3.03
Earnings yield 4.97% (8.45%) 0.13%
Free cash flow yield 9.58% (0.04%) 1.15%

Profitability

Metric DLO INFQ Software Infrastructure median
Gross margin 34.28% 22.45% 61.23%
Operating margin 17.35% (147.92%) 0.00%
Net margin 15.04% (291.75%) 0.00%
Free cash flow margin 28.65% (3.61%) 1.67%
Return on equity 41.26% (37.17%) 0.59%
Return on assets 11.95% (20.14%) 0.00%
Return on invested capital 0.00% (26.00%) 0.00%

Growth

Metric DLO INFQ Software Infrastructure median
Revenue growth (TTM) 57.03% — 13.41%
EPS growth (last fiscal year) 66.67% (26,711.59%) —
Revenue growth, 5-year CAGR 60.05% — 15.81%
Net income growth, 5-year CAGR 47.50% — 0.00%

Health

Metric DLO INFQ Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 1.25 9.34 1.55
Net debt to EBITDA (3.32) 0.09 0.08

Dividend

Metric DLO INFQ Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 — 0.00

Size

Metric DLO INFQ Software Infrastructure median
Market cap 3.91b 3.24b 835.96m

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