BZUN vs DDL
Baozun Inc. and Dingdong (Cayman) Ltd., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BZUN | DDL |
|---|---|---|
| Revenue | CNY 9.9B | CNY 24.4B |
| Net income | CNY -242.1M | CNY 231.7M |
| Gross margin | 74.1% | · |
| Net margin | −2.0% | 1.0% |
| Return on equity | −6.4% | 25.2% |
| Diluted EPS | −CNY 1.40 | · |
| Dividend / share | · | · |
| Payout ratio | −9.2% | · |
| Free cash flow | CNY 313.9M | CNY 357.8M |
| Equity | CNY 3.6B | CNY 1.0B |
| Net debt / equity | 0.08× | −0.23× |
| Current ratio | 1.87× | 1.05× |
| Revenue CAGR 5y | 2.4% | 16.5% |
| Profit CAGR 5y | · | · |
DDL bills 2.4× the revenue of BZUN, and BZUN 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 | BZUN | DDL |
|---|---|---|
| FY2025 | CNY 9.9B | CNY 24.4B |
| FY2024 | CNY 9.4B | CNY 23.1B |
| FY2023 | CNY 8.8B | CNY 20.0B |
| FY2022 | CNY 8.4B | CNY 24.2B |
| FY2021 | CNY 9.4B | CNY 20.1B |
| FY2020 | CNY 8.9B | CNY 11.3B |
| FY2019 | CNY 7.3B | CNY 3.9B |
Bottom line
| Fiscal year | BZUN | DDL |
|---|---|---|
| FY2025 | CNY -242.1M | CNY 231.7M |
| FY2024 | CNY -185.2M | CNY 304.4M |
| FY2023 | CNY -278.4M | CNY -91.3M |
| FY2022 | CNY -653.3M | CNY -806.9M |
| FY2021 | CNY -219.8M | CNY -6.4B |
| FY2020 | CNY 426.0M | CNY -3.2B |
| FY2019 | CNY 281.9M | CNY -1.9B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 14,414,405,000 | DDL |
| FY2024 | −CNY 13,644,025,000 | DDL |
| FY2023 | −CNY 11,159,206,000 | DDL |
| FY2022 | −CNY 15,820,602,000 | DDL |
| FY2021 | −CNY 10,724,870,000 | DDL |
| FY2020 | −CNY 2,484,224,000 | DDL |
| FY2019 | +CNY 3,398,080,000 | BZUN |
The higher-revenue side has changed between BZUN and DDL over this period. The gap has widened since the earliest year compared.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −3.0 pp | DDL |
| FY2024 | −2.8 pp | DDL |
| FY2023 | −2.1 pp | DDL |
| FY2022 | −3.9 pp | DDL |
| FY2021 | +29.8 pp | BZUN |
| FY2020 | +32.8 pp | BZUN |
| FY2019 | +52.2 pp | BZUN |
The higher net margin has changed hands between BZUN and DDL over this period.
7 of 13 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 BZUN's over the 7 comparable fiscal years — 18.6 percentage points of standard deviation against 3.8.
7 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BZUN and DDL over these 7 fiscal years — BZUN led in 3 and DDL in 4.
7 of 13 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 BZUN's over the 4 comparable fiscal years — 79.7 percentage points of standard deviation against 3.8.
4 of 6 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 BZUN and DDL over these 4 fiscal years — BZUN led in 2 and DDL in 2.
4 of 6 comparable fiscal years — a year missing data on either side is not counted.