Dingdong (Cayman) Limited(DDL)Earnings, Financials & Key Ratios
DDL•NYSE
$2.60
$586M mkt cap·13.1× P/E·Price updated May 6, 2026
AboutDingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh produce, meat, seafood, prepared food, and other food products, such as dairy and bakery products, snacks, oil, seasonings, and beverages. It operates as a self-operated online retail business primarily through Dingdong Fresh. The company was founded in 2017 and is headquartered in Shanghai, China.Show more
- Revenue$23.07B+15.5%
- EBITDA$329M+1223.0%
- Net Income$295M+395.4%
- EPS (Diluted)1.35+295.7%
- Gross Margin30.11%-1.8%
- EBITDA Margin1.43%+1045.3%
- Operating Margin0.93%+242.8%
- Net Margin1.28%+355.8%
- ROE41.48%+290.3%
- ROIC4.68%+291.5%
- Debt/Equity3.28-63.9%
- Interest Coverage4.54+445.0%
DDL Key Insights
Dingdong (Cayman) Limited (DDL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 42.8%
- ✓Efficient asset utilization: 3.2x turnover
✗Weaknesses
- ✗High debt to equity ratio of 3.3x
- ✗Shares diluted 56.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DDL Price & Volume
Dingdong (Cayman) Limited (DDL) stock price & volume — 10-year historical chart
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DDL Growth Metrics
Dingdong (Cayman) Limited (DDL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years42.83%
3 Years4.66%
TTM15.14%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM384.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM297.26%
Return on Capital
10 Years-462.28%
5 Years-462.28%
3 Years-15.41%
Last Year14.12%
DDL Recent Earnings
Dingdong (Cayman) Limited (DDL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (20%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 4, 2026EPS
$0.03
Est $0.03
+0.0%
Revenue
$892M
Est $901M
-0.9%
Q4 2025
Nov 12, 2025EPS
$0.06
Est $0.09
-33.3%
Revenue
$936M
Est $6.3B
-85.1%
Q3 2025
Aug 21, 2025EPS
$0.08
Revenue
$833M
Est $6.8B
-87.7%
Q2 2025
May 16, 2025EPS
$0.01
Revenue
$752M
Est $5.9B
-87.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 4, 2026 | $0.03vs $0.03+0.0% | $892Mvs $901M-0.9% |
| Q4 2025 | Nov 12, 2025 | $0.06vs $0.09-33.3% | $936Mvs $6.3B-85.1% |
| Q3 2025 | Aug 21, 2025 | $0.08 | $833Mvs $6.8B-87.7% |
| Q2 2025 | May 16, 2025 | $0.01 | $752Mvs $5.9B-87.2% |
Based on last 12 quarters of dataView full earnings history →
DDL Peer Comparison
Dingdong (Cayman) Limited (DDL) competitors in Online-first grocery delivery — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MNSO | 4.49B | 14.83 | 12.04 | 6.89% | 12.63% | 22.69% | 0.30 | |
 JD | 47.2B | 30.69 | 7.78 | 6.84% | 2.47% | 10.53% | 0.29 | |
 PDD | 151.33B | 102.31 | 9.18 | 59.04% | 24.43% | 26.13% | 0.03 | |
 BABA | 341.64B | 141.48 | 17.99 | 5.86% | 12.19% | 11.24% | 0.23 | |
 CANG | 254.01M | 0.55 | 5.76 | -52.73% | -5.15% | -4.06% | 0.04 | |
 KC | 4.08B | 16.63 | -14.00 | 10.47% | -10.76% | -13.72% | 0.94 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 CART | 9.52B | 40.21 | 25.13 | 10.78% | 12.55% | 16.62% | 0.01 |
Compare DDL vs Peers
Dingdong (Cayman) Limited (DDL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DDL Income Statement
Dingdong (Cayman) Limited (DDL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.88B | 11.34B | 20.12B | 24.22B | 19.97B | 23.07B | 23.9B |
| Revenue Growth % | - | 192.15% | 77.5% | 20.38% | -17.55% | 15.5% | 15.14% |
| Cost of Goods Sold | 3.22B | 9.11B | 16.08B | 16.74B | 13.85B | 16.12B | 16.81B |
| COGS % of Revenue | 82.86% | 80.32% | 79.9% | 69.09% | 69.34% | 69.89% | - |
| Gross Profit | 664.94M▲ 0% | 2.23B▲ 235.4% | 4.04B▲ 81.3% | 7.49B▲ 85.1% | 6.12B▼ 18.2% | 6.95B▲ 13.4% | 7.09B▲ 0% |
| Gross Margin % | 17.14% | 19.68% | 20.1% | 30.91% | 30.66% | 30.11% | 29.66% |
| Gross Profit Growth % | - | 235.44% | 81.35% | 85.06% | -18.2% | 13.43% | - |
| Operating Expenses | 2.41B | 5.39B | 10.37B | 8.29B | 6.25B | 6.73B | 6.86B |
| OpEx % of Revenue | 62.02% | 47.55% | 51.56% | 34.21% | 31.31% | 29.18% | - |
| Selling, General & Admin | 2.32B | 1.03B | 9.47B | 1.12B | 751.93M | 947.46M | 942.22M |
| SG&A % of Revenue | 59.67% | 9.06% | 47.06% | 4.62% | 3.77% | 4.11% | - |
| Research & Development | 91.14M | 321.7M | 905.01M | 1B | 802.89M | 799.97M | 803.84M |
| R&D % of Revenue | 2.35% | 2.84% | 4.5% | 4.14% | 4.02% | 3.47% | - |
| Other Operating Expenses | 0 | 4.04B | 0 | 6.16B | 4.7B | 4.98B | 4M |
| Operating Income | -1.74B▲ 0% | -3.16B▼ 81.4% | -6.33B▼ 100.3% | -799.73M▲ 87.4% | -130.12M▲ 83.7% | 214.55M▲ 264.9% | 232.46M▲ 0% |
| Operating Margin % | -44.88% | -27.87% | -31.46% | -3.3% | -0.65% | 0.93% | 0.97% |
| Operating Income Growth % | - | -81.44% | -100.35% | 87.37% | 83.73% | 264.89% | - |
| EBITDA | -1.71B | -3.04B | -6.12B | -595.52M | 24.88M | 329.15M | 379.75M |
| EBITDA Margin % | -43.98% | -26.85% | -30.4% | -2.46% | 0.12% | 1.43% | 1.59% |
| EBITDA Growth % | - | -78.37% | -100.94% | 90.26% | 104.18% | 1223.01% | 128.91% |
| D&A (Non-Cash Add-back) | 34.73M | 115.35M | 213.08M | 204.21M | 155M | 114.6M | 0 |
| EBIT | -1.82B | -3.14B | -6.33B | -666.43M | 27.09M | 367.71M | 379.75M |
| Net Interest Income | -32.64M | -22.51M | -39.83M | -40.68M | 58.53M | 107.13M | 117.56M |
| Interest Income | 25.49M | 16.24M | 45.32M | 93.03M | 157.49M | 154.43M | 144.84M |
| Interest Expense | 58.13M | 38.76M | 85.15M | 133.71M | 98.95M | 47.3M | 27.29M |
| Other Income/Expense | -132.05M | -17.43M | -89.67M | -415K | 58.26M | 105.86M | 120.01M |
| Pretax Income | -1.87B▲ 0% | -3.18B▼ 69.6% | -6.42B▼ 102.1% | -800.14M▲ 87.5% | -71.86M▲ 91.0% | 320.42M▲ 545.9% | 352.47M▲ 0% |
| Pretax Margin % | -48.28% | -28.03% | -31.91% | -3.3% | -0.36% | 1.39% | 1.47% |
| Income Tax | 0 | 0 | 9.37M | 6.74M | 19.42M | 16.02M | 12.27M |
| Effective Tax Rate % | 0% | 0% | -0.15% | -0.84% | -27.03% | 5% | 3.48% |
| Net Income | -1.87B▲ 0% | -3.18B▼ 69.6% | -6.43B▼ 102.4% | -814.37M▲ 87.3% | -99.88M▲ 87.7% | 295.08M▲ 395.4% | 330.55M▲ 0% |
| Net Margin % | -48.28% | -28.03% | -31.95% | -3.36% | -0.5% | 1.28% | 1.38% |
| Net Income Growth % | - | -69.58% | -102.37% | 87.33% | 87.74% | 395.44% | 384.99% |
| Net Income (Continuing) | -1.87B | -3.18B | -6.43B | -806.88M | -91.28M | 304.4M | 340.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 30M | 107.49M | 116.09M | 125.4M | 130.28M |
| EPS (Diluted) | -18.18▲ 0% | -30.22▼ 66.2% | -74.29▼ 145.8% | -5.60▲ 92.5% | -0.69▲ 87.7% | 1.35▲ 295.7% | 1.48▲ 0% |
| EPS Growth % | - | -66.23% | -145.83% | 92.46% | 87.68% | 295.65% | 297.26% |
| EPS (Basic) | -18.18 | -30.22 | -74.29 | -5.60 | -0.69 | 1.37 | - |
| Diluted Shares Outstanding | 106.29M | 106.29M | 86.54M | 144.15M | 144.43M | 225.29M | 223.57M |
| Basic Shares Outstanding | 106.29M | 106.29M | 86.54M | 144.15M | 132M | 216.33M | 216.42M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
DDL Balance Sheet
Dingdong (Cayman) Limited (DDL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.46B | 3.03B | 6.52B | 7.5B | 6.15B | 5.37B | 4.91B |
| Cash & Short-Term Investments | 1.18B | 2.38B | 5.23B | 6.49B | 5.31B | 4.45B | 3.97B |
| Cash Only | 938.56M | 1.38B | 662.77M | 1.86B | 1.21B | 887.43M | 926.21M |
| Short-Term Investments | 241.38M | 1.01B | 4.57B | 4.64B | 4.1B | 3.56B | 3.05B |
| Accounts Receivable | 12.3M | 38.8M | 191.52M | 141.47M | 107.88M | 198.36M | 136.91M |
| Days Sales Outstanding | 1.16 | 1.25 | 3.47 | 2.13 | 1.97 | 3.14 | 2.04 |
| Inventory | 161.45M | 386.43M | 537.47M | 604.88M | 471.87M | 553.6M | 504.93M |
| Days Inventory Outstanding | 18.33 | 15.49 | 12.2 | 13.19 | 12.44 | 12.53 | 11.53 |
| Other Current Assets | 102.09M | 219.41M | 556.22M | 256.93M | 261.7M | 54.72M | 195.5M |
| Total Non-Current Assets | 656.84M | 1.9B | 2.9B | 1.89B | 1.55B | 1.75B | 1.85B |
| Property, Plant & Equipment | 616.78M | 1.78B | 2.72B | 1.74B | 1.45B | 1.64B | 1.71B |
| Fixed Asset Turnover | 6.29x | 6.38x | 7.40x | 13.92x | 13.76x | 14.06x | 19.08x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 40.06M | 121.46M | 185.79M | 145.56M | 96.69M | 111.39M | 1.95B |
| Total Assets | 2.11B▲ 0% | 4.92B▲ 133.1% | 9.42B▲ 91.3% | 9.38B▼ 0.4% | 7.7B▼ 17.9% | 7.12B▼ 7.5% | 6.76B▲ 0% |
| Asset Turnover | 1.84x | 2.30x | 2.14x | 2.58x | 2.59x | 3.24x | 3.46x |
| Asset Growth % | - | 133.1% | 91.29% | -0.4% | -17.94% | -7.55% | -15.6% |
| Total Current Liabilities | 2.38B | 4.74B | 7.35B | 8.21B | 6.51B | 5.27B | 4.73B |
| Accounts Payable | 775.18M | 1.58B | 2.06B | 1.89B | 1.42B | 1.66B | 1.78B |
| Days Payables Outstanding | 88 | 63.33 | 46.74 | 41.15 | 37.49 | 37.6 | 38.75 |
| Short-Term Debt | 613.26M | 1.32B | 3.18B | 4.24B | 3.3B | 1.61B | 1.06B |
| Deferred Revenue (Current) | 73.64M | 150.37M | 272.92M | 284.79M | 275.8M | 279.28M | 1.06B |
| Other Current Liabilities | 388.53M | 493.74M | 0 | 0 | 331.74M | 75.21M | 0 |
| Current Ratio | 0.61x | 0.64x | 0.89x | 0.91x | 0.95x | 1.02x | 1.02x |
| Quick Ratio | 0.54x | 0.56x | 0.81x | 0.84x | 0.87x | 0.91x | 0.91x |
| Cash Conversion Cycle | -68.52 | -46.59 | -31.06 | -25.82 | -23.08 | -21.92 | -25.18 |
| Total Non-Current Liabilities | 440.42M | 930.06M | 1.31B | 753M | 694.25M | 923.15M | 950.18M |
| Long-Term Debt | 193.38M | 58.38M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 247.04M | 871.68M | 1.24B | 678M | 568.04M | 780.04M | 3.06B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 69.37M | 75M | 126.21M | 143.12M | 567.92M |
| Total Liabilities | 2.82B | 5.67B | 8.66B | 8.96B | 7.2B | 6.19B | 5.69B |
| Total Debt | 1.28B | 2.85B | 5.39B | 5.61B | 4.52B | 3.03B | 2.54B |
| Net Debt | 343.55M | 1.47B | 4.73B | 3.75B | 3.31B | 2.14B | 1.61B |
| Debt / Equity | - | - | 7.11x | 13.43x | 9.07x | 3.28x | 3.28x |
| Debt / EBITDA | - | - | - | - | 181.75x | 9.19x | 6.68x |
| Net Debt / EBITDA | - | - | - | - | 133.15x | 6.50x | 6.50x |
| Interest Coverage | -29.96x | -81.52x | -74.34x | -5.98x | -1.31x | 4.54x | 13.92x |
| Total Equity | -705.78M▲ 0% | -744.67M▼ 5.5% | 758.07M▲ 201.8% | 417.67M▼ 44.9% | 498.62M▲ 19.4% | 924.01M▲ 85.3% | 1.07B▲ 0% |
| Equity Growth % | - | -5.51% | 201.8% | -44.9% | 19.38% | 85.31% | 274.26% |
| Book Value per Share | -6.64 | -7.01 | 8.76 | 2.90 | 3.45 | 4.10 | 4.80 |
| Total Shareholders' Equity | -705.78M | -744.67M | 728.07M | 310.18M | 382.53M | 798.61M | 942.76M |
| Common Stock | 1K | 1K | 4K | 4K | 4K | 4K | 4K |
| Retained Earnings | -2.55B | -6.05B | -12.77B | -13.58B | -13.68B | -13.38B | -13.27B |
| Treasury Stock | 0 | 0 | -7.04M | -20.67M | -20.67M | -51.18M | -51.18M |
| Accumulated OCI | 30.41M | -22.96M | -184.24M | -11.89M | 21.17M | 53.63M | 44.36M |
| Minority Interest | 0 | 0 | 30M | 107.49M | 116.09M | 125.4M | 130.28M |
DDL Cash Flow Statement
Dingdong (Cayman) Limited (DDL) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -964.27M | -2.06B | -5.67B | 107.14M | -234.61M | 929.03M | 929.03M |
| Operating CF Margin % | -24.85% | -18.13% | -28.16% | 0.44% | -1.17% | 4.03% | - |
| Operating CF Growth % | - | -113.19% | -175.65% | 101.89% | -318.97% | 495.99% | 196.1% |
| Net Income | -1.87B | -3.18B | -6.43B | -806.88M | -91.28M | 304.4M | 330.55M |
| Depreciation & Amortization | 34.73M | 115.35M | 213.08M | 204.21M | 155M | 114.6M | 114.6M |
| Stock-Based Compensation | 1.99M | 153.11M | 315.36M | 235.88M | 136.65M | 118.49M | 67.98M |
| Deferred Taxes | 104.7M | 69.22M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 39.48M | 21.33M | 72.25M | 81.96M | -430.43M | 13.84M | 1B |
| Working Capital Changes | 728.21M | 762.2M | 161.83M | 391.98M | -4.54M | 377.7M | -616.65M |
| Change in Receivables | -11.84M | -26.51M | -152.71M | 26.75M | 36.22M | -18.75M | -18.75M |
| Change in Inventory | -131.71M | -224.98M | -151.04M | -67.41M | 133.01M | -81.73M | -81.73M |
| Change in Payables | 640.89M | 804.77M | 478.68M | -171.94M | -464.51M | 238.29M | 0 |
| Cash from Investing | -185.63M | -1.02B | -4.07B | -66.9M | 519.33M | 475.5M | -115.68M |
| Capital Expenditures | -124.81M | -248.48M | -451.61M | -126.89M | -83.33M | -98.18M | 0 |
| CapEx % of Revenue | 3.22% | 2.19% | 2.24% | 0.52% | 0.42% | 0.43% | - |
| Acquisitions | 60.82M | 1.17M | 547K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -60.82M | -10.1M | 10.1M | -13.99M | -8.14B | 5.1M | -115.68M |
| Cash from Financing | 1.68B | 3.66B | 9.04B | 1.11B | -934.42M | -1.72B | -794.09M |
| Debt Issued (Net) | 508.5M | 1.33B | 1.8B | 1.06B | -937.76M | -1.69B | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | -1000K | 0 | -1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -2.91M | -17.74M | 0 | -30.51M | -30.51M |
| Other Financing | 206.68M | 158.51M | 9.61M | 71.07M | 3.34M | 548K | -763.58M |
| Net Change in Cash | 561.04M▲ 0% | 511.89M▼ 8.8% | -780.02M▼ 252.4% | 1.19B▲ 252.4% | -649.25M▼ 154.6% | -319.49M▲ 50.8% | -133.83M▲ 0% |
| Free Cash Flow | -1.09B▲ 0% | -2.3B▼ 111.6% | -6.12B▼ 165.5% | -19.75M▲ 99.7% | -317.93M▼ 1510.0% | 830.85M▲ 361.3% | 676.97M▲ 0% |
| FCF Margin % | -28.07% | -20.33% | -30.41% | -0.08% | -1.59% | 3.6% | 2.83% |
| FCF Growth % | - | -111.57% | -165.52% | 99.68% | -1510.03% | 361.33% | 33.49% |
| FCF per Share | -10.25 | -21.68 | -70.70 | -0.14 | -2.20 | 3.69 | 3.69 |
| FCF Conversion (FCF/Net Income) | 0.51x | 0.65x | 0.88x | -0.13x | 2.35x | 3.15x | 2.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 46.71M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DDL Key Ratios
Dingdong (Cayman) Limited (DDL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -95941.78% | -138.53% | -21.8% | 41.48% | 35.74% |
| Return on Invested Capital (ROIC) | -1306.22% | -152.83% | -12.42% | -2.45% | 4.68% | 4.68% |
| Gross Margin | 19.68% | 20.1% | 30.91% | 30.66% | 30.11% | 29.66% |
| Net Margin | -28.03% | -31.95% | -3.36% | -0.5% | 1.28% | 1.38% |
| Debt / Equity | - | 7.11x | 13.43x | 9.07x | 3.28x | 3.28x |
| Interest Coverage | -81.52x | -74.34x | -5.98x | -1.31x | 4.54x | 13.92x |
| FCF Conversion | 0.65x | 0.88x | -0.13x | 2.35x | 3.15x | 2.05x |
| Revenue Growth | 192.15% | 77.5% | 20.38% | -17.55% | 15.5% | 15.14% |
DDL Frequently Asked Questions
Dingdong (Cayman) Limited (DDL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Dingdong (Cayman) Limited (DDL) reported $23.90B in revenue for fiscal year 2024. This represents a 516% increase from $3.88B in 2019.
Dingdong (Cayman) Limited (DDL) grew revenue by 15.5% over the past year. This is strong growth.
Yes, Dingdong (Cayman) Limited (DDL) is profitable, generating $330.6M in net income for fiscal year 2024 (1.3% net margin).
Dividend & Returns
Dingdong (Cayman) Limited (DDL) has a return on equity (ROE) of 41.5%. This is excellent, indicating efficient use of shareholder capital.
Dingdong (Cayman) Limited (DDL) generated $677.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More DDL
Dingdong (Cayman) Limited (DDL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates