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Side-by-side financial comparison of DDC Enterprise Ltd (DDC) and Fatpipe Inc (FATN). Click either name above to swap in a different company.

DDC Enterprise Ltd is the larger business by last-quarter revenue ($5.4M vs $4.1M, roughly 1.3× Fatpipe Inc). Fatpipe Inc runs the higher net margin — 7.6% vs -123.3%, a 130.9% gap on every dollar of revenue.

DDC vs FATN — Head-to-Head

Bigger by revenue
DDC
DDC
1.3× larger
DDC
$5.4M
$4.1M
FATN
Higher net margin
FATN
FATN
130.9% more per $
FATN
7.6%
-123.3%
DDC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DDC
DDC
FATN
FATN
Revenue
$5.4M
$4.1M
Net Profit
$-6.7M
$310.7K
Gross Margin
31.4%
87.7%
Operating Margin
-90.0%
9.8%
Net Margin
-123.3%
7.6%
Revenue YoY
3.2%
Net Profit YoY
816.0%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DDC
DDC
FATN
FATN
Q4 25
$5.4M
$4.1M
Q3 25
$4.0M
Q2 25
$2.2M
$3.9M
Net Profit
DDC
DDC
FATN
FATN
Q4 25
$-6.7M
$310.7K
Q3 25
$-43.4K
Q2 25
$715.3K
$741.2K
Gross Margin
DDC
DDC
FATN
FATN
Q4 25
31.4%
87.7%
Q3 25
92.1%
Q2 25
33.4%
94.2%
Operating Margin
DDC
DDC
FATN
FATN
Q4 25
-90.0%
9.8%
Q3 25
-0.0%
Q2 25
12.9%
25.5%
Net Margin
DDC
DDC
FATN
FATN
Q4 25
-123.3%
7.6%
Q3 25
-1.1%
Q2 25
33.2%
18.8%
EPS (diluted)
DDC
DDC
FATN
FATN
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DDC
DDC
FATN
FATN
Cash + ST InvestmentsLiquidity on hand
$21.7M
Total DebtLower is stronger
$610.8K
$4.6M
Stockholders' EquityBook value
$71.2M
$21.2M
Total Assets
$199.6M
$32.4M
Debt / EquityLower = less leverage
0.01×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DDC
DDC
FATN
FATN
Q4 25
$21.7M
Q3 25
Q2 25
$3.5M
Total Debt
DDC
DDC
FATN
FATN
Q4 25
$610.8K
$4.6M
Q3 25
$4.8M
Q2 25
$4.9M
Stockholders' Equity
DDC
DDC
FATN
FATN
Q4 25
$71.2M
$21.2M
Q3 25
$21.0M
Q2 25
$3.9M
$20.4M
Total Assets
DDC
DDC
FATN
FATN
Q4 25
$199.6M
$32.4M
Q3 25
$32.2M
Q2 25
$12.4M
$32.0M
Debt / Equity
DDC
DDC
FATN
FATN
Q4 25
0.01×
0.22×
Q3 25
0.23×
Q2 25
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DDC
DDC
FATN
FATN
Operating Cash FlowLast quarter
$-39.7M
$240.9K
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-734.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DDC
DDC
FATN
FATN
Q4 25
$-39.7M
$240.9K
Q3 25
$399.8K
Q2 25
$-508.6K
Free Cash Flow
DDC
DDC
FATN
FATN
Q4 25
$-39.7M
Q3 25
Q2 25
$-551.1K
FCF Margin
DDC
DDC
FATN
FATN
Q4 25
-734.1%
Q3 25
Q2 25
-14.0%
Capex Intensity
DDC
DDC
FATN
FATN
Q4 25
0.1%
Q3 25
Q2 25
1.1%
Cash Conversion
DDC
DDC
FATN
FATN
Q4 25
0.78×
Q3 25
Q2 25
-0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DDC
DDC

Segment breakdown not available.

FATN
FATN

Products$2.6M63%
Other$1.5M37%

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