Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: PDD stock price vs UPS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at UPS's multiple
Needs UPS P/E.
Implied fair value · at PDD's multiple
Needs PDD P/E.
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PDD FY 2025 (ended Dec 31, 2025) · UPS FY 2025 (ended Dec 31, 2025).
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
PDD Holdings Inc. · implied price per share
Bear
$109.12
Base
$128.38
Bull
$147.64
UNITED PARCEL SERVICE INC · implied price per share
Bear
$39.69
Base
$46.69
Bull
$53.70
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.31x
1.49x
Net debt / EBITDA
Leverage against operating earnings
-2.40x
1.86x
Cash and equivalents
Liquid reserves on the balance sheet
$60.39B
$6.09B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
AMAZON COM INC
PDD vs AMZN
MERCADOLIBRE INC
PDD vs MELI
Alibaba Group Holding Ltd
PDD vs BABA
JD.com, Inc.
PDD vs JD
SHOPIFY INC.
PDD vs SHOP
Sea Ltd
PDD vs SE
FedEx Corporation
PDD vs FDX
XPO, Inc.
PDD vs XPO
HUNT J B TRANSPORT SERVICES INC
PDD vs JBHT
OLD DOMINION FREIGHT LINE, INC.
PDD vs ODFL
EXPEDITORS INTERNATIONAL OF WASHINGTON INC
PDD vs EXPD
$18.30B
$24.13B
Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe PDD can sustain 14.5% revenue growth and preserve its 21.6% operating margin, then hold or add selectively despite the rich multiple, because the business quality is clearly better than UPS; if you expect valuation to mean-revert toward UPS-like multiples, then reduce exposure because the current price implies large downside.
PDD trades at a major premium to UPS on every key valuation multiple, which explains the large implied downside in the comparison. However, PDD’s premium is partly supported by much stronger growth and profitability, so the gap is more a question of valuation discipline than business quality alone.
Supporting Metrics
