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Side-by-side financial comparison of DDC Enterprise Ltd (DDC) and SES AI Corp (SES). Click either name above to swap in a different company.
DDC Enterprise Ltd is the larger business by last-quarter revenue ($5.4M vs $4.6M, roughly 1.2× SES AI Corp). DDC Enterprise Ltd runs the higher net margin — -123.3% vs -373.5%, a 250.1% gap on every dollar of revenue. SES AI Corp produced more free cash flow last quarter ($-11.1M vs $-39.7M).
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
DDC vs SES — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4M | $4.6M |
| Net Profit | $-6.7M | $-17.0M |
| Gross Margin | 31.4% | 11.3% |
| Operating Margin | -90.0% | -387.7% |
| Net Margin | -123.3% | -373.5% |
| Revenue YoY | — | — |
| Net Profit YoY | — | 50.7% |
| EPS (diluted) | — | $-0.05 |
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.
| Q4 25 | $5.4M | $4.6M | ||
| Q3 25 | — | $7.1M | ||
| Q2 25 | $2.2M | $3.5M | ||
| Q1 25 | — | $5.8M |
| Q4 25 | $-6.7M | $-17.0M | ||
| Q3 25 | — | $-20.9M | ||
| Q2 25 | $715.3K | $-22.7M | ||
| Q1 25 | — | $-12.4M |
| Q4 25 | 31.4% | 11.3% | ||
| Q3 25 | — | 51.1% | ||
| Q2 25 | 33.4% | 73.7% | ||
| Q1 25 | — | 78.7% |
| Q4 25 | -90.0% | -387.7% | ||
| Q3 25 | — | -262.0% | ||
| Q2 25 | 12.9% | -652.3% | ||
| Q1 25 | — | -401.7% |
| Q4 25 | -123.3% | -373.5% | ||
| Q3 25 | — | -293.9% | ||
| Q2 25 | 33.2% | -642.2% | ||
| Q1 25 | — | -214.6% |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.7M | $29.5M |
| Total DebtLower is stronger | $610.8K | — |
| Stockholders' EquityBook value | $71.2M | $214.8M |
| Total Assets | $199.6M | $272.6M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $29.5M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | $3.5M | $11.8M | ||
| Q1 25 | — | $56.1M |
| Q4 25 | $610.8K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
| Q4 25 | $71.2M | $214.8M | ||
| Q3 25 | — | $228.2M | ||
| Q2 25 | $3.9M | $249.2M | ||
| Q1 25 | — | $269.9M |
| Q4 25 | $199.6M | $272.6M | ||
| Q3 25 | — | $288.8M | ||
| Q2 25 | $12.4M | $290.5M | ||
| Q1 25 | — | $306.0M |
| Q4 25 | 0.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-39.7M | $-10.4M |
| Free Cash FlowOCF − Capex | $-39.7M | $-11.1M |
| FCF MarginFCF / Revenue | -734.1% | -243.7% |
| Capex IntensityCapex / Revenue | 0.1% | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-39.7M | $-10.4M | ||
| Q3 25 | — | $-14.3M | ||
| Q2 25 | — | $-10.8M | ||
| Q1 25 | — | $-22.8M |
| Q4 25 | $-39.7M | $-11.1M | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M |
| Q4 25 | -734.1% | -243.7% | ||
| Q3 25 | — | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% |
| Q4 25 | 0.1% | 15.6% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
