DDL vs HERE
Dingdong (Cayman) Ltd. and Here Group Ltd., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | DDL | HERE |
|---|---|---|
| Revenue | CNY 24.4B | CNY 2.7B |
| Net income | CNY 231.7M | CNY 358.7M |
| Gross margin | · | 81.5% |
| Net margin | 1.0% | 13.1% |
| Return on equity | 25.2% | 54.1% |
| Diluted EPS | · | CNY 2.17 |
| Dividend / share | · | · |
| Payout ratio | · | 21.8% |
| Free cash flow | CNY 357.8M | CNY 180.8M |
| Equity | CNY 1.0B | CNY 809.0M |
| Net debt / equity | −0.23× | −1.01× |
| Current ratio | 1.05× | 2.14× |
| Revenue CAGR 5y | 16.5% | · |
| Profit CAGR 5y | · | · |
DDL bills 8.9× the revenue of HERE, and HERE keeps more of each dollar of revenue as profit (13.1% against 1.0%).
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.
5 years side by side
| Fiscal year | DDL | HERE |
|---|---|---|
| FY2024 | CNY 23.1B | CNY 2.7B |
| FY2023 | CNY 20.0B | CNY 3.8B |
| FY2022 | CNY 24.2B | CNY 3.1B |
| FY2021 | CNY 20.1B | CNY 2.9B |
| FY2020 | CNY 11.3B | CNY 1.8B |
Bottom line
| Fiscal year | DDL | HERE |
|---|---|---|
| FY2024 | CNY 304.4M | CNY 358.7M |
| FY2023 | CNY -91.3M | CNY 385.5M |
| FY2022 | CNY -806.9M | CNY -108.5M |
| FY2021 | CNY -6.4B | CNY -233.4M |
| FY2020 | CNY -3.2B | CNY -316.0M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +CNY 20,340,662,000 | DDL |
| FY2023 | +CNY 16,175,888,000 | DDL |
| FY2022 | +CNY 21,139,852,000 | DDL |
| FY2021 | +CNY 17,253,152,000 | DDL |
| FY2020 | +CNY 9,575,847,000 | DDL |
DDL has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 7 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HERE's net margin has been more volatile than DDL's over the 3 comparable fiscal years — 14.0 percentage points of standard deviation against 13.4.
3 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
HERE led in net margin in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 7 comparable fiscal years — a year missing data on either side is not counted.