BQ vs DDL
Boqii Holding Ltd. and Dingdong (Cayman) Ltd., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BQ | DDL |
|---|---|---|
| Revenue | CNY 420.5M | CNY 24.4B |
| Net income | CNY -5.1M | CNY 231.7M |
| Gross margin | 26.3% | · |
| Net margin | −0.4% | 1.0% |
| Return on equity | −2.7% | 25.2% |
| Diluted EPS | −CNY 1.47 | · |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -30.4M | CNY 357.8M |
| Equity | CNY 188.0M | CNY 1.0B |
| Net debt / equity | −0.09× | −0.23× |
| Current ratio | 3.25× | 1.05× |
| Revenue CAGR 5y | −16.1% | 16.5% |
| Profit CAGR 5y | · | · |
DDL bills 57.9× the revenue of BQ, and BQ closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | BQ | DDL |
|---|---|---|
| FY2025 | CNY 420.5M | CNY 24.4B |
| FY2024 | CNY 468.9M | CNY 23.1B |
| FY2023 | CNY 709.4M | CNY 20.0B |
| FY2022 | CNY 1.1B | CNY 24.2B |
| FY2021 | CNY 1.2B | CNY 20.1B |
| FY2020 | CNY 1.0B | CNY 11.3B |
| FY2019 | CNY 770.2M | CNY 3.9B |
Bottom line
| Fiscal year | BQ | DDL |
|---|---|---|
| FY2025 | CNY -5.1M | CNY 231.7M |
| FY2024 | CNY -54.1M | CNY 304.4M |
| FY2023 | CNY -63.7M | CNY -91.3M |
| FY2022 | CNY -102.8M | CNY -806.9M |
| FY2021 | CNY -128.4M | CNY -6.4B |
| FY2020 | CNY -194.4M | CNY -3.2B |
| FY2019 | CNY -179.0M | CNY -1.9B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 23,939,421,000 | DDL |
| FY2024 | −CNY 22,597,360,000 | DDL |
| FY2023 | −CNY 19,261,867,000 | DDL |
| FY2022 | −CNY 23,129,139,000 | DDL |
| FY2021 | −CNY 18,934,697,000 | DDL |
| FY2020 | −CNY 10,324,802,000 | DDL |
| FY2019 | −CNY 3,109,875,000 | DDL |
DDL has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.4 pp | DDL |
| FY2024 | −13.8 pp | DDL |
| FY2023 | −9.3 pp | DDL |
| FY2022 | −6.4 pp | DDL |
| FY2021 | +20.8 pp | BQ |
| FY2020 | +8.9 pp | BQ |
| FY2019 | +25.4 pp | BQ |
The higher net margin has changed hands between BQ and DDL over this period.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DDL's net margin has been more volatile than BQ's over the 7 comparable fiscal years — 18.6 percentage points of standard deviation against 6.7.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BQ and DDL over these 7 fiscal years — BQ led in 3 and DDL in 4.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DDL's return on equity has been more volatile than BQ's over the 4 comparable fiscal years — 79.7 percentage points of standard deviation against 18.4.
4 of 5 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BQ and DDL over these 4 fiscal years — BQ led in 1 and DDL in 3.
4 of 5 comparable fiscal years — a year missing data on either side is not counted.