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Side-by-side financial comparison of Dingdong (Cayman) Ltd (DDL) and Ellington Financial Inc. (EFC). Click either name above to swap in a different company.

Dingdong (Cayman) Ltd is the larger business by last-quarter revenue ($115.3M vs $78.2M, roughly 1.5× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 5.8%, a 23.1% gap on every dollar of revenue.

Dingdong (Cayman) Ltd operates a leading on-demand grocery e-commerce platform primarily serving the Chinese market. It provides fresh produce, daily necessities, ready-to-eat meals, and household staples to urban consumers, leveraging optimized supply chains and localized logistics networks to offer fast, reliable 30-minute delivery services, prioritizing product freshness and user convenience.

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

DDL vs EFC — Head-to-Head

Bigger by revenue
DDL
DDL
1.5× larger
DDL
$115.3M
$78.2M
EFC
Higher net margin
EFC
EFC
23.1% more per $
EFC
28.9%
5.8%
DDL

Income Statement — Q3 FY2022 vs Q4 FY2025

Metric
DDL
DDL
EFC
EFC
Revenue
$115.3M
$78.2M
Net Profit
$6.7M
$22.6M
Gross Margin
Operating Margin
5.3%
7.4%
Net Margin
5.8%
28.9%
Revenue YoY
8.7%
Net Profit YoY
-26.2%
EPS (diluted)
$-0.02
$0.10

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
DDL
DDL
EFC
EFC
Q4 25
$78.2M
Q3 25
$82.8M
Q2 25
$92.5M
Q1 25
$82.9M
Q4 24
$72.0M
Q3 24
$67.0M
Q2 24
$91.2M
Q1 24
$75.5M
Net Profit
DDL
DDL
EFC
EFC
Q4 25
$22.6M
Q3 25
$29.5M
Q2 25
$42.9M
Q1 25
$31.6M
Q4 24
$30.7M
Q3 24
$16.2M
Q2 24
$52.3M
Q1 24
$26.9M
Operating Margin
DDL
DDL
EFC
EFC
Q4 25
7.4%
Q3 25
31.1%
Q2 25
38.3%
Q1 25
37.3%
Q4 24
28.0%
Q3 24
24.0%
Q2 24
52.8%
Q1 24
42.2%
Net Margin
DDL
DDL
EFC
EFC
Q4 25
28.9%
Q3 25
35.7%
Q2 25
46.4%
Q1 25
38.2%
Q4 24
42.6%
Q3 24
24.1%
Q2 24
57.4%
Q1 24
35.6%
EPS (diluted)
DDL
DDL
EFC
EFC
Q4 25
$0.10
Q3 25
$0.29
Q2 25
$0.45
Q1 25
$0.35
Q4 24
$0.23
Q3 24
$0.19
Q2 24
$0.62
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
DDL
DDL
EFC
EFC
Cash + ST InvestmentsLiquidity on hand
$113.7M
$201.9M
Total DebtLower is stronger
$135.8K
Stockholders' EquityBook value
$4.5M
$1.8B
Total Assets
$178.3M
$19.4B
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DDL
DDL
EFC
EFC
Q4 25
$201.9M
Q3 25
$184.8M
Q2 25
$211.0M
Q1 25
$203.3M
Q4 24
$192.4M
Q3 24
$217.7M
Q2 24
$198.5M
Q1 24
$187.5M
Stockholders' Equity
DDL
DDL
EFC
EFC
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
DDL
DDL
EFC
EFC
Q4 25
$19.4B
Q3 25
$17.8B
Q2 25
$17.1B
Q1 25
$16.6B
Q4 24
$16.3B
Q3 24
$16.0B
Q2 24
$15.1B
Q1 24
$15.1B

Cash Flow & Capital Efficiency

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

Metric
DDL
DDL
EFC
EFC
Operating Cash FlowLast quarter
$-925.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DDL
DDL
EFC
EFC
Q4 25
$-925.5M
Q3 25
$-290.4M
Q2 25
$-210.5M
Q1 25
$-126.4M
Q4 24
$-430.5M
Q3 24
$-141.7M
Q2 24
$-88.6M
Q1 24
$-59.5M
Capex Intensity
DDL
DDL
EFC
EFC
Q4 25
0.0%
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
DDL
DDL
EFC
EFC
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

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