Amazon vs PDD Holdings
Amazon is the larger business, with $716.92bn of revenue in fiscal 2025 against $60.09bn for PDD Holdings (11.9 times as much). Amazon grew faster (12.4% against 9.8%). PDD Holdings kept more of each dollar of sales as profit: a net margin of 22.7% against 10.8%.
| Latest fiscal year | AmazonAMZN, 2025 | PDD HoldingsPDD, 2025 |
|---|---|---|
| Revenue | $716.92bn | $60.09bn |
| Revenue growth | 12.4% | 9.8% |
| Net income | $77.67bn | $13.61bn |
| Operating margin | 11.2% | — |
| Net margin | 10.8% | 22.7% |
| Return on equity | 22.3% | 26.7% |
| Free cash flow | $7.70bn | $14.88bn |
| Cash | $86.81bn | $15.57bn |
| Total debt | $69.29bn | $0 |
| Debt to equity | 16.9% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,576,000 | — |
| Market value | $2.72tn | $114.55bn |
| Price vs our value range | — | Below our value range |
| Moat score | 44 (Weak) | — |
| Insider trades, 12 months | 0 buys, 127 sales | 0 buys, 3 sales |