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Side-by-side financial comparison of Fangdd Network Group Ltd. (DUO) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Fangdd Network Group Ltd. is the larger business by last-quarter revenue ($28.4M vs $16.5M, roughly 1.7× Finward Bancorp). Finward Bancorp runs the higher net margin — 12.0% vs -18.7%, a 30.8% gap on every dollar of revenue. On growth, Fangdd Network Group Ltd. posted the faster year-over-year revenue change (47.4% vs 1.1%).

Fangdd Network Group Ltd. operates a leading digital real estate service platform in China, offering property listing, transaction matching, home furnishing consultation and operational support for buyers, sellers, agents and real estate development enterprises across multiple domestic city tiers.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

DUO vs FNWD — Head-to-Head

Bigger by revenue
DUO
DUO
1.7× larger
DUO
$28.4M
$16.5M
FNWD
Growing faster (revenue YoY)
DUO
DUO
+46.3% gap
DUO
47.4%
1.1%
FNWD
Higher net margin
FNWD
FNWD
30.8% more per $
FNWD
12.0%
-18.7%
DUO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DUO
DUO
FNWD
FNWD
Revenue
$28.4M
$16.5M
Net Profit
$-5.3M
$2.0M
Gross Margin
9.1%
Operating Margin
-35.3%
11.0%
Net Margin
-18.7%
12.0%
Revenue YoY
47.4%
1.1%
Net Profit YoY
-322.5%
-5.6%
EPS (diluted)
$-1.35
$0.46

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
DUO
DUO
FNWD
FNWD
Q4 25
$16.5M
Q3 25
$17.4M
Q2 25
$28.4M
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$19.3M
$14.6M
Q1 24
$25.3M
Net Profit
DUO
DUO
FNWD
FNWD
Q4 25
$2.0M
Q3 25
$3.5M
Q2 25
$-5.3M
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$2.4M
$143.0K
Q1 24
$9.3M
Gross Margin
DUO
DUO
FNWD
FNWD
Q4 25
Q3 25
Q2 25
9.1%
Q1 25
Q4 24
Q3 24
Q2 24
12.5%
Q1 24
Operating Margin
DUO
DUO
FNWD
FNWD
Q4 25
11.0%
Q3 25
20.5%
Q2 25
-35.3%
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
-49.0%
0.9%
Q1 24
40.6%
Net Margin
DUO
DUO
FNWD
FNWD
Q4 25
12.0%
Q3 25
20.1%
Q2 25
-18.7%
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
12.4%
1.0%
Q1 24
36.7%
EPS (diluted)
DUO
DUO
FNWD
FNWD
Q4 25
$0.46
Q3 25
$0.81
Q2 25
$-1.35
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$0.03
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
DUO
DUO
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.1M
$174.7M
Total Assets
$94.8M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUO
DUO
FNWD
FNWD
Q4 25
Q3 25
Q2 25
$24.9M
Q1 25
Q4 24
Q3 24
Q2 24
$18.9M
Q1 24
Stockholders' Equity
DUO
DUO
FNWD
FNWD
Q4 25
$174.7M
Q3 25
$165.5M
Q2 25
$53.1M
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$29.4M
$148.6M
Q1 24
$151.6M
Total Assets
DUO
DUO
FNWD
FNWD
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$94.8M
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$92.7M
$2.1B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
DUO
DUO
FNWD
FNWD
Operating Cash FlowLast quarter
$-3.0M
$9.9M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUO
DUO
FNWD
FNWD
Q4 25
$9.9M
Q3 25
$1.2M
Q2 25
$-3.0M
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$-808.0K
$2.8M
Q1 24
$-25.0K
Free Cash Flow
DUO
DUO
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$-957.0K
$1.1M
Q1 24
$-736.0K
FCF Margin
DUO
DUO
FNWD
FNWD
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
-5.0%
7.6%
Q1 24
-2.9%
Capex Intensity
DUO
DUO
FNWD
FNWD
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
0.8%
11.2%
Q1 24
2.8%
Cash Conversion
DUO
DUO
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
-0.34×
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

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