Macy's vs PDD Holdings
PDD Holdings is the larger business, with $60.09bn of revenue in fiscal 2025 against $22.62bn for Macy's (2.7 times as much). PDD Holdings grew faster (9.8% against -1.7%). PDD Holdings kept more of each dollar of sales as profit: a net margin of 22.7% against 2.8%.
| Latest fiscal year | Macy'sM, 2026 | PDD HoldingsPDD, 2025 |
|---|---|---|
| Revenue | $22.62bn | $60.09bn |
| Revenue growth | -1.7% | 9.8% |
| Net income | $642m | $13.61bn |
| Operating margin | — | — |
| Net margin | 2.8% | 22.7% |
| Return on equity | 13.6% | 26.7% |
| Free cash flow | $1.06bn | $14.88bn |
| Cash | $1.25bn | $15.57bn |
| Total debt | $2.43bn | $0 |
| Debt to equity | — | — |
| Dividend per share | $0.73 | — |
| Dividend yield | 3.1% | — |
| Share buybacks | $250m | — |
| Employees | 94,570 | — |
| Market value | $6.25bn | $114.55bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 45 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 24 sales | 0 buys, 3 sales |