PDD
PDD Holdings Inc.
Specialty Retail
Market Cap$143.11B
5Y Perf.+53.0%
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Stock Comparison
PDD vs JD
Revenue, margins, valuation, and 5-year total return — side by side.
JD
JD.com, Inc.
Specialty Retail
Market Cap$45.65B
5Y Perf.-44.2%
PDD vs JD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PDD | JD |
|---|---|---|
| Industry | Specialty Retail | Specialty Retail |
| Market Cap | $143.11B | $45.65B |
| Revenue (TTM) | $418.54B | $1.30T |
| Net Income (TTM) | $102.27B | $32.20B |
| Gross Margin | 56.6% | 12.7% |
| Operating Margin | 22.1% | 1.3% |
| Forward P/E | 1.2x | 1.4x |
| Total Debt | $10.61B | $89.77B |
| Cash & Equiv. | $57.77B | $108.35B |
PDD vs JD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PDD
JD
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| PDD Holdings Inc. (PDD) | 100 | 153.0 | +53.0% |
| JD.com, Inc. (JD) | 100 | 55.8 | -44.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PDD vs JD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PDD leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. JD.com, Inc. is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
PDD
PDD Holdings Inc.
The Income Pick
PDD carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 1.14
- Rev growth 59.0%, EPS growth 84.8%, 3Y rev CAGR 61.2%
- 262.4% 10Y total return vs JD's 38.1%
Best for: income & stability and growth exposure
JD
JD.com, Inc.
The Defensive Pick
JD is the clearest fit if your priority is defensive.
- Beta 1.06, yield 2.7%, current ratio 1.29x
- Beta 1.06 vs PDD's 1.14
- 2.7% yield; 1-year raise streak; the other pay no meaningful dividend
Best for: defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PDD | 59.0% revenue growth vs JD's 6.8% |
| Value | PDD | Lower P/E (1.2x vs 1.4x) |
| Quality / Margins | PDD | 24.4% margin vs JD's 2.5% |
| Stability / Safety | JD | Beta 1.06 vs PDD's 1.14 |
| Dividends | JD | 2.7% yield; 1-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | JD | -9.9% vs PDD's -12.7% |
| Efficiency (ROA) | PDD | 16.7% ROA vs JD's 4.6%, ROIC 40.3% vs 9.9% |
PDD vs JD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2024
PDD vs JD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPDDLAGGINGJD
JDJD.com, Inc.
2leads
PDDPDD Holdings Inc.
3leads
6 Total Categories
CATEGORYLEADERvs JDMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PDD5/6
Valuation MetricsMultiples, price ratios, and targets
JD5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PDD8/8
Total Returns1Y, 3Y, 5Y total returns with dividends
PDD4/6
Risk & VolatilityBeta, volatility, and downside exposure
JD2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
PDD leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JD is the larger business by revenue, generating $1.30T annually — 3.1x PDD's $418.5B. PDD is the more profitable business, keeping 24.4% of every revenue dollar as net income compared to JD's 2.5%. On growth, JD holds the edge at +14.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $418.5B | $1.30T |
| EBITDAEarnings before interest/tax | $93.0B | $23.8B |
| Net IncomeAfter-tax profit | $102.3B | $32.2B |
| Free Cash FlowCash after capex | $111.4B | $9.1B |
| Gross MarginGross profit ÷ Revenue | +56.6% | +12.7% |
| Operating MarginEBIT ÷ Revenue | +22.1% | +1.3% |
| Net MarginNet income ÷ Revenue | +24.4% | +2.5% |
| FCF MarginFCF ÷ Revenue | +26.6% | +0.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.0% | +14.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +16.5% | -56.3% |
PDD leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
JD leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 7.5x trailing earnings, JD trades at a 13% valuation discount to PDD's 8.7x P/E. On an enterprise value basis, JD's 6.3x EV/EBITDA is more attractive than PDD's 8.5x.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| Market CapShares × price | $143.1B | $45.6B |
| Enterprise ValueMkt cap + debt − cash | $136.2B | $42.9B |
| Trailing P/EPrice ÷ TTM EPS | 8.69x | 7.53x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.18x | 1.41x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.28x |
| EV / EBITDAEnterprise value multiple | 8.52x | 6.30x |
| Price / SalesMarket cap ÷ Revenue | 2.48x | 0.27x |
| Price / BookPrice ÷ Book value/share | 3.12x | 0.99x |
| Price / FCFMarket cap ÷ FCF | 8.08x | 7.04x |
JD leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
PDD leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
PDD delivers a 26.1% return on equity — every $100 of shareholder capital generates $26 in annual profit, vs $11 for JD. PDD carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to JD's 0.29x. On the Piotroski fundamental quality scale (0–9), PDD scores 7/9 vs JD's 6/9, reflecting strong financial health.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +26.1% | +10.5% |
| ROA (TTM)Return on assets | +16.7% | +4.6% |
| ROICReturn on invested capital | +40.3% | +9.9% |
| ROCEReturn on capital employed | +42.4% | +10.2% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.03x | 0.29x |
| Net DebtTotal debt minus cash | -$47.2B | -$18.6B |
| Cash & Equiv.Liquid assets | $57.8B | $108.3B |
| Total DebtShort + long-term debt | $10.6B | $89.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 12.85x |
PDD leads this category, winning 8 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
PDD leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PDD five years ago would be worth $7,379 today (with dividends reinvested), compared to $4,543 for JD. Over the past 12 months, JD leads with a -9.9% total return vs PDD's -12.7%. The 3-year compound annual growth rate (CAGR) favors PDD at 15.3% vs JD's -3.3% — a key indicator of consistent wealth creation.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -16.4% | +3.9% |
| 1-Year ReturnPast 12 months | -12.7% | -9.9% |
| 3-Year ReturnCumulative with dividends | +53.4% | -9.6% |
| 5-Year ReturnCumulative with dividends | -26.2% | -54.6% |
| 10-Year ReturnCumulative with dividends | +262.4% | +38.1% |
| CAGR (3Y)Annualised 3-year return | +15.3% | -3.3% |
PDD leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
JD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
JD is the less volatile stock with a 1.06 beta — it tends to amplify market swings less than PDD's 1.14 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JD currently trades 77.9% from its 52-week high vs PDD's 69.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.14x | 1.06x |
| 52-Week HighHighest price in past year | $139.41 | $38.08 |
| 52-Week LowLowest price in past year | $95.24 | $24.51 |
| % of 52W HighCurrent price vs 52-week peak | +69.4% | +77.9% |
| RSI (14)Momentum oscillator 0–100 | 43.5 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 6.5M | 10.0M |
JD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PDD as "Buy" and JD as "Buy". Consensus price targets imply 46.8% upside for PDD (target: $142) vs 10.7% for JD (target: $33). JD is the only dividend payer here at 2.65% yield — a key consideration for income-focused portfolios.
| Metric | PDDPDD Holdings Inc. | JDJD.com, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $142.00 | $32.86 |
| # AnalystsCovering analysts | 28 | 45 |
| Dividend YieldAnnual dividend ÷ price | — | +2.7% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | — | $5.37 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +8.3% |
Insufficient data to determine a leader in this category.
Key Takeaway
PDD leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). JD leads in 2 (Valuation Metrics, Risk & Volatility).
Best OverallPDD Holdings Inc. (PDD)Leads 3 of 6 categories
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PDD vs JD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PDD or JD a better buy right now?
For growth investors, PDD Holdings Inc.
(PDD) is the stronger pick with 59. 0% revenue growth year-over-year, versus 6. 8% for JD. com, Inc. (JD). JD. com, Inc. (JD) offers the better valuation at 7. 5x trailing P/E (1. 4x forward), making it the more compelling value choice. Analysts rate PDD Holdings Inc. (PDD) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PDD or JD?
On trailing P/E, JD.
com, Inc. (JD) is the cheapest at 7. 5x versus PDD Holdings Inc. at 8. 7x. On forward P/E, PDD Holdings Inc. is actually cheaper at 1. 2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — PDD or JD?
Over the past 5 years, PDD Holdings Inc.
(PDD) delivered a total return of -26. 2%, compared to -54. 6% for JD. com, Inc. (JD). Over 10 years, the gap is even starker: PDD returned +262. 4% versus JD's +38. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PDD or JD?
By beta (market sensitivity over 5 years), JD.
com, Inc. (JD) is the lower-risk stock at 1. 06β versus PDD Holdings Inc. 's 1. 14β — meaning PDD is approximately 7% more volatile than JD relative to the S&P 500. On balance sheet safety, PDD Holdings Inc. (PDD) carries a lower debt/equity ratio of 3% versus 29% for JD. com, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PDD or JD?
By revenue growth (latest reported year), PDD Holdings Inc.
(PDD) is pulling ahead at 59. 0% versus 6. 8% for JD. com, Inc. (JD). On earnings-per-share growth, the picture is similar: PDD Holdings Inc. grew EPS 84. 8% year-over-year, compared to 76. 5% for JD. com, Inc.. Over a 3-year CAGR, PDD leads at 61. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PDD or JD?
PDD Holdings Inc.
(PDD) is the more profitable company, earning 28. 5% net margin versus 3. 6% for JD. com, Inc. — meaning it keeps 28. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PDD leads at 27. 5% versus 3. 3% for JD. At the gross margin level — before operating expenses — PDD leads at 60. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PDD or JD more undervalued right now?
On forward earnings alone, PDD Holdings Inc.
(PDD) trades at 1. 2x forward P/E versus 1. 4x for JD. com, Inc. — 0. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PDD: 46. 8% to $142. 00.
08Which pays a better dividend — PDD or JD?
In this comparison, JD (2.
7% yield) pays a dividend. PDD does not pay a meaningful dividend and should not be held primarily for income.
09Is PDD or JD better for a retirement portfolio?
For long-horizon retirement investors, JD.
com, Inc. (JD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 06), 2. 7% yield). Both have compounded well over 10 years (JD: +38. 1%, PDD: +262. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PDD and JD?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PDD is a mid-cap high-growth stock; JD is a mid-cap deep-value stock. JD pays a dividend while PDD does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(PDD: 9.0% · JD: 14.9%)Net Margin>
%
(PDD: 24.4% · JD: 2.5%)P/E Ratio<
x
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