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Side-by-side financial comparison of Dingdong (Cayman) Ltd (DDL) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $115.3M, roughly 1.9× Dingdong (Cayman) Ltd). Perella Weinberg Partners runs the higher net margin — 6.3% vs 5.8%, a 0.5% 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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

DDL vs PWP — Head-to-Head

Bigger by revenue
PWP
PWP
1.9× larger
PWP
$219.2M
$115.3M
DDL
Higher net margin
PWP
PWP
0.5% more per $
PWP
6.3%
5.8%
DDL

Income Statement — Q3 FY2022 vs Q4 FY2025

Metric
DDL
DDL
PWP
PWP
Revenue
$115.3M
$219.2M
Net Profit
$6.7M
$13.8M
Gross Margin
Operating Margin
5.3%
8.5%
Net Margin
5.8%
6.3%
Revenue YoY
-2.9%
Net Profit YoY
EPS (diluted)
$-0.02
$0.11

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
PWP
PWP
Q4 25
$219.2M
Q3 25
$164.6M
Q2 25
$155.3M
Q1 25
$211.8M
Q4 24
$225.7M
Q3 24
$278.2M
Q2 24
$272.0M
Q1 24
$102.1M
Net Profit
DDL
DDL
PWP
PWP
Q4 25
$13.8M
Q3 25
$6.0M
Q2 25
$2.7M
Q1 25
$17.3M
Q4 24
Q3 24
$16.4M
Q2 24
$-66.0M
Q1 24
$-35.8M
Operating Margin
DDL
DDL
PWP
PWP
Q4 25
8.5%
Q3 25
5.4%
Q2 25
5.8%
Q1 25
5.5%
Q4 24
Q3 24
12.9%
Q2 24
-30.2%
Q1 24
-52.4%
Net Margin
DDL
DDL
PWP
PWP
Q4 25
6.3%
Q3 25
3.6%
Q2 25
1.8%
Q1 25
8.2%
Q4 24
Q3 24
5.9%
Q2 24
-24.3%
Q1 24
-35.1%
EPS (diluted)
DDL
DDL
PWP
PWP
Q4 25
$0.11
Q3 25
$0.08
Q2 25
$0.04
Q1 25
$0.24
Q4 24
Q3 24
$0.24
Q2 24
$-1.21
Q1 24
$-0.91

Balance Sheet & Financial Strength

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

Metric
DDL
DDL
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$113.7M
$255.9M
Total DebtLower is stronger
$135.8K
Stockholders' EquityBook value
$4.5M
$-127.4M
Total Assets
$178.3M
$797.6M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DDL
DDL
PWP
PWP
Q4 25
$255.9M
Q3 25
$185.5M
Q2 25
$145.0M
Q1 25
$111.2M
Q4 24
$407.4M
Q3 24
$335.1M
Q2 24
$185.3M
Q1 24
$156.7M
Stockholders' Equity
DDL
DDL
PWP
PWP
Q4 25
$-127.4M
Q3 25
$-302.4M
Q2 25
$-318.4M
Q1 25
$-323.1M
Q4 24
$-421.4M
Q3 24
$-360.8M
Q2 24
$-283.0M
Q1 24
$161.9M
Total Assets
DDL
DDL
PWP
PWP
Q4 25
$797.6M
Q3 25
$650.2M
Q2 25
$606.7M
Q1 25
$570.5M
Q4 24
$876.8M
Q3 24
$810.9M
Q2 24
$645.5M
Q1 24
$583.6M

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
PWP
PWP
Operating Cash FlowLast quarter
$34.8M
Free Cash FlowOCF − Capex
$30.5M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DDL
DDL
PWP
PWP
Q4 25
$34.8M
Q3 25
$59.2M
Q2 25
$56.1M
Q1 25
$-176.5M
Q4 24
$223.4M
Q3 24
$200.3M
Q2 24
$90.0M
Q1 24
$-206.3M
Free Cash Flow
DDL
DDL
PWP
PWP
Q4 25
$30.5M
Q3 25
$57.6M
Q2 25
$55.3M
Q1 25
$-177.6M
Q4 24
$207.0M
Q3 24
$199.3M
Q2 24
$83.7M
Q1 24
$-214.8M
FCF Margin
DDL
DDL
PWP
PWP
Q4 25
13.9%
Q3 25
35.0%
Q2 25
35.6%
Q1 25
-83.8%
Q4 24
91.7%
Q3 24
71.6%
Q2 24
30.8%
Q1 24
-210.3%
Capex Intensity
DDL
DDL
PWP
PWP
Q4 25
2.0%
Q3 25
0.9%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
7.3%
Q3 24
0.4%
Q2 24
2.3%
Q1 24
8.3%
Cash Conversion
DDL
DDL
PWP
PWP
Q4 25
2.52×
Q3 25
9.85×
Q2 25
20.50×
Q1 25
-10.18×
Q4 24
Q3 24
12.23×
Q2 24
Q1 24

Financial Flow Comparison

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

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